Over the past three years, the cryptocurrency market has seen various events such as the collapse of LUNA and FTX. If given the chance to go back in time, would you make a different choice? This article will review the opportunities to seize wealth in the past three years.
1. Clear positions in the face of major negative news.
2. Short 5% positions at low leverage during major events—set stop-loss and take-profit in a timely manner.
3. New narratives in the NFT frenzy.
4. Bet on quality assets in the Brc20 naming craze.
5. Those who get in early and sell well on quality targets in the meme wave.
6. Heavy positions around 20 during the major restructuring process like in SOL.
7. Those who bought the dip at 16,000 BTC and Ethereum.
8. On-chain, Pandora multiplied by 10 within a few weeks.
Three years ago, events unfolded such as China banning mining and cracking down severely, leading to Bitcoin halving in three months from 64,000. I switched from domestic media to Twitter but didn’t update content. Within three months of my arrival on Twitter, Bitcoin rose to 68,000, with market enthusiasm eyeing 120,000 or higher.
Subsequently, the bear market began, with eyebrows-raising events like the LUNA collapse and FTX closure, coinciding with the start of my content updates on Twitter. Today, I ponder: if given another chance, what are the significant wealth opportunities in this process?
In conclusion, most wealth comes from a few well-timed moves, with preparation the key during idle periods.
I totalled 140,000 tweets, many views overturned by myself or the market, especially this year, where market changes occur swiftly—from a highly praised coin one week to a scorned one the next; staking for airdrops was once popular, now seen as foolish.
Reflecting over these three years, how many significant opportunities were there to seize?
Before the 519 policy announcement, there was a chance to escape, with clearing positions in time leading to profit. As for boarding later, that’s another story. At 68,000, a bit more understanding of macro factors such as rate hikes would have curbed optimism.
This cyclic operation contradicts Buffett’s philosophy of holding onto good assets forever, but perhaps most crypto assets aren’t meant for infinite holding.
While staying long is a principle I endorse, the volatile nature of the crypto market, especially at critical points, sometimes justifies taking a gamble with some “zero to hero” funds.
Note that I’m against contracts, considering them paths to zero. However, shorting before FTX’s explosion and near the liquidation line when LUNA neared 60 were “zero to hero” actions offering significant returns. Of course, such opportunities aren’t frequent.
Azuki, Jaylon Bear, Goblin—many opportunities, but typically require early buys and late sells. These assets are like naming IDs, illiquid and prone to FOMO when high and trampling during drops, making them favorable for those who dabble in NFTs.
Top tokens like Ordi, Atom, Sats have enriched many, turning everyday people into millionaires almost overnight.
There’s a need for information asymmetry, like understanding market-makers’ skills and identities—an early entry point for crucial decisions. During SOL’s meme season eruption, with SOL already surpassing 100, it entered a mid-term uptrend.
Apart from these opportunities, there aren’t many distinct elements.
Upon closer inspection:
– NFT and naming hysteria have underlying connections.
– The demand for bets behind meme crazes persists.
– Early entry into strong market-maker coins yields good returns.
– Bottom-fishing Bitcoin in the long term remains a stable option.
From my article on preferring interest over trading since late April, it’s been almost two months. Traditionally, there’s usually something new every three months—one anticipates the emergence of fresh opportunities.
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