Review of the WIF trading journey: From relying on luck to focusing, how did I turn $400 into $940,000?

CN
1 year ago

Capturing both the opportunity of rising and falling, and seeking opportunities in market fluctuations.

Author: Pika

Translator: Deep Tide TechFlow

Recently, I relied on trading the coin WIF, entering at $400 and exiting at $940,000!

Many people ask me how I did it, and my answer is: Capturing both the opportunity of rising and falling, and seeking opportunities in market fluctuations.

After experiencing two complete crypto cycles, I finally completed a trade worthy of writing an article about. So, let's get started.

Phase One: Meme Hunting

In this phase, luck played a bigger role than skill.

Of course, knowing where to look is crucial, but stumbling upon the right token is more often a matter of chance than strategy and skill.

While platforms like Telegram, Discord, or crypto Twitter are good places to discover cryptocurrencies, there is a high risk of rug pulls and being harvested when the information reaches you.

Fortunately, my previous adventure into the Solana chain proved to be accidental.

Although platforms like Dexscreener or Dextools are the preferred choice for many, they tend to lean towards Ethereum. For Solana, I recommend birdeye.

My search began with a simple criterion: to catch my attention within 1-2 minutes. The token name must be catchy, like a gem among many tokens.

So, I entered the "Find Gems" section in Birdeye.

Among countless names, one stood out: WIF, "dogwifhat".

A quick check of the market value showed that it was not large. A careful look at the security options tab, everything seemed orderly. The candlestick chart? Plain, but acceptable.

Next, I searched Twitter and found: @dogwifcoin, accompanied by a profile picture of a dog wearing a hat.

A smile appeared on my face. After browsing the tweets and searching for the $WIF tag, I accidentally discovered the legend of "dogwifhat".

At that moment, I understood. I had to invest, whether it was good or bad. With insufficient funds in the Sol wallet, I made two transactions, each for $200, and promised to come back to decide whether to increase my holdings once the price changed.

Phase Two: Ascend to a New Level

This is the story of how my $400 turned into an astonishing $45,000.

In the following days, I forgot about my investment. Then, one day, while I was busy with my own affairs, I decided to take a peek at my wallet.

You see, there it was: WIF, shining brightly, worth $45,000.

My first reaction? Doubt. Could this be a glitch? I quickly checked the candlestick chart and found that the coin price had indeed skyrocketed. The followers of @dogwifcoin account multiplied, and the number of holders surged. It was madness.

Out of interest in these topics, I found myself joining the WIF Telegram group, where the discussion never stopped. The chat was filled with stickers and images of dogs wearing various hats, eliciting bursts of laughter from the group members.

Everything was so simple, yet so interesting. It was at that moment that I suddenly realized: this meme is infinitely expandable. Just by exchanging the hats of dogs, there are endless possibilities (Editor's note: This is a community meme).

At that moment, I considered my $45,000 investment to be a huge one. With 2.08 million coins in hand, I decided not to invest further.

But unfortunately, I still felt regret. Why did I only invest $400? I could have easily invested $1,000, $2,000, or even $4,000.

But such thoughts were futile. I had to accept my decision and embrace the community I had joined.

Phase Three: The Rise of WIF

From here, there was a shift from luck to strategy.

With a balance of $60,000, I continued to study how doge, shib, pepe, and others achieved huge profits.

I found that there were only two ways:

  • You must be at the extremes of the intelligence curve (very high intelligence or very low intelligence)

  • You need to be wealthy enough to ignore a profit of 60,000

I realized that I was somewhere in between, so I devised a simple and precise plan: sell at the high point, buy at the low point.

Simple, right? Well, not entirely. Over time, the discussions around WIF intensified. Many KOLs took notice of it, and its value soared to over $100,000. Normally, I would have cashed out quickly. But this time, discipline was crucial.

Then came the terrifying 70% drop, testing my resolve. I instantly regretted not selling more.

The next two months were like a turbulent roller coaster ride, marked by significant declines and exciting surges.

Despite the challenges, I remained steadfast and survived even when the coin price plummeted by 70% to $0.07.

Despite this, as WIF became a hot topic on crypto Twitter and its market value continued to expand, I set my sights on a lofty goal: $1 million or listing on Binance Spot.

I systematically conducted my trades in the fervent market, gradually selling as the price soared.

As the listing on Binance Spot approached, I sold a large amount of remaining coins between $1.8 and $1.9.

Although I made $60,000 less, I made this money in other trades with WIF. (Am I really satisfied?)

Phase Four: What If I Hold, What Will Happen

What would be the result if I held all the coins (2.08 million) and sold them all at $1.9? Approximately $4 million.

If you can do this, you are a god.

In the end, I entered at $400 and exited at $940,000 to take profit.

What if WIF rises to $4? What about $10? Of course, anything is possible. But I had a figure in mind, and I earnestly adhered to and executed my investment principles!

How did I profit? I sold a lot of WIF and bought Sol when it was around $122-128.

I know I'm not someone with extremely high intelligence who can predict prices accurately.

I also know I'm not someone with extremely low intelligence who can perfectly make low-intelligence investments.

So, my advice is: Capturing both the opportunity of rising and falling, and seeking opportunities in market fluctuations.

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