I accidentally fell asleep earlier and just checked my balance. I really admire those friends who can make money back and forth. Up to now, all my positions have turned into Binance life. I don't know if it's Binance life, but at least my imagination has come alive. I haven't sold any of my overall positions, and the book value is $6,400, which is exactly all the funds I invested.

It can't be considered high density, but after 48 hours of constantly looking around, I think I've reached this point because I'm inexperienced. The reason for my inexperience is that I definitely didn't understand the rules. I always thought that if the front of the car hadn't moved, I didn't need to worry. But in reality, the depth of Meme is quite narrow. It doesn't require the front of the car to move; as long as there isn't enough liquidity, it can easily crash.

Of course, I didn't come away empty-handed. I learned to look at liquidity and judge popularity through liquidity rather than through market FOMO. Once I notice a continuous withdrawal of liquidity, I should gradually reduce my positions.

Secondly, there is no absolute king in the Meme space. Yesterday it was Binance life, then it became Binance wallet, and today, after the new mechanism came out, BNBHodler and a bunch of celebrity coins later are all sucking blood. If the "old" projects can't hold on, they will be countered by liquidity. Playing Meme must have a clear exit mechanism. Being overly FOMO is my example, going from a 400% profit directly to breakeven or even a loss.

The climax should be about over now; it’s time to gradually return to normal work. Meme is great, but without the front effect or extremely contagious virality, it is likely to be short-lived. Although I'm not an expert, I roughly reviewed it, and there are relatively few Memes that have come out of the Chinese community that can make it to the international stage, and their survival time is also relatively short.

This time, the Meme is completely a gamble on the response of "Guo Jing and Huang Rong," and there are many differences from Memes propagated from Western cultural perspectives. Although I haven't P-ed, the social attention triggered by the initial squirrel effect was on a completely different level. In this environment, making money requires being "fast," "precise," and "ruthless."

Fast: You need to quickly find or create angles to form a topic effect.

Precise: It means accurately targeting the primary and secondary leaders of the pyramid scheme. Only when the leaders or community leaders are interested will there be a gradual spreading effect.

Ruthless: When it's time to make money, you must not be soft-hearted. I've also seen some accounts that appear to be completely still, maintaining construction, while small accounts are ruthlessly dumping.

Especially for retail investors, being involved in a pyramid scheme might be at the peak. If you adjust your perspective, it might be gone, but if you don't adjust, you might miss the opportunity to sell. So having an exit strategy is a good tactic. This aspect is quite similar to contracts; only by ensuring that you survive longer at the table do you have more opportunities.

Of course, I've also seen some really good leaders who are desperately waving flags and shouting, but essentially, they are all trying to get more friends on board, expand the pool, increase liquidity, and enhance the chances of going on Binance. So the last sentence is what I said the day before yesterday.

Everyone in this market is here to make money; what I earn is what you lose.

This article is sponsored by #Bitget ｜ @Bitget_zh

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