In the comments section of the article "The Thousandfold Growth Path of Base Chain Degen" on April 2nd, some readers asked if I could recommend a few potential coins.

Regarding this expectation, I have explicitly replied to the audience in a previous Twitter exchange: Apart from Bitcoin and Ethereum, I never recommend any other coins.

I have mentioned the coins I regularly invest in and the ones I have purchased, but the purpose of sharing them is to share the thinking and reasons behind my purchases with everyone, rather than to recommend them for purchase.

I hope that everyone can summarize and organize their own set of thinking and methods from my experiences and lessons.

Many times, even if a truly "hundredfold coin" is right in front of them, many people are still unable to achieve a hundredfold return from it.

This is because everyone's understanding and scale are different, and different perceptions of at what price to buy and at what price to sell the same coin will lead to different behaviors and results.

The saying "What is a remedy for one may be poison for another" illustrates this point.

In addition, I specifically wrote an article on May 8, 2023, titled "Why Are There No Clearly Defined Hundredfold Coins?" This article comprehensively expresses my thoughts, and I recommend everyone to take the time to read it.

I have learned a lesson about hundredfold coins. Today, I will share with everyone a regretful experience I had with LINK.

LINK (Chainlink) was an old coin from the 2017 1CO period. During the bear market that began in 2018, it was relatively fortunate and did not disappear quietly like other previously popular projects, but rather struggled to survive, occasionally making some news in the market.

During that period, all the previous 1CO projects either died or struggled. People were full of doubts about the future of the crypto ecosystem.

Although Ethereum was slightly better, there was no clear roadmap for its future ecosystem.

Occasionally, some projects later known as DeFi were mentioned, such as MakerDAO, Kyber, and so on, but at that time, they showed no signs of the appearance they would later have, neither in terms of "looks" nor "shape."

At that time, because I had always been very committed to "on-chain" activities, I was particularly optimistic about projects in the DAO track, and not very optimistic about DeFi. Apart from DAO, I looked around and thought that maybe I could also buy some oracle tokens?

So, I bought LINK with an indifferent attitude, at a price roughly between $0.4 and $0.5.

After buying it, I never paid attention to it again.

Around July 2020, LINK started a strong upward trend, with continuous positive news pushing its price up to $8.

By then, the significance and importance of the oracle track had become "obvious," and its value had been publicly recognized.

However, at that time, I believed that the sharp rise in LINK's price in the short term had already created a huge bubble; coupled with the fact that the crypto market had not yet entered a bull market as a whole, I thought that such a significant rise in the price of an individual coin was problematic.

So, without hesitation, I sold all my LINK.

Later, in the subsequent bull market, LINK not only surpassed $8, but also reached a high of nearly $50.

After this regret with LINK, I reviewed the coins that I actively bought during that bear market but sold off before the bull market arrived, and found that as long as the projects themselves did not have major issues, they would generally perform better in the subsequent bull market, surpassing the so-called "peak values" they reached in the late bear market.

So, I decided to strictly restrain myself in this regard and learn from this lesson in the next bear market: for the coins I actively bought and believed in, as long as the team had no major issues, regardless of how much they rose before the bull market, I would ignore those small gains and hold onto them until the later stages of the bull market to cash out.

In this bear market, apart from ETHS, I did not let go of my hand, selling it because I subjectively believed that its rise was too high. As for other coins, I never repeated this mistake.

Even for ETHS, after selling it, I realized that I had violated my discipline and regretted it very much. This has made me adhere to this principle ever since.

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