Approaching Ansem: A Hundredfold Alpha Encryption Journey

CN
1 year ago

Original Source: LookonChain

Compiled by: Odaily Planet Daily Wenser

Editor's note: As a well-known overseas crypto KOL, Ansem's influence comes not only from his ability to capture early Alpha information, but also from his strong communication skills and affinity. In today's article, Odaily Planet Daily will explore with you how he captured many hundredfold Alpha information including SOL, BONK, and WIF, and started his own crypto journey.

Getting close to Ansem: The Hundredfold Alpha Crypto Journey

Impressive Past Achievements: Capturing SOL, BONK, WIF

Looking back at Ansem's past operations, he seized opportunities in three major phenomena:

170x SOL

On January 1, 2021, when SOL was not well known to most people, Ansem started to build a position in SOL at a price of $1.5 and publicly shared it on social media platforms, referencing the SOL/BTC exchange rate.

Getting close to Ansem: The Hundredfold Alpha Crypto Journey

11 months later, on November 26, 2021, SOL's price broke through to a new all-time high (ATH), reaching an astonishing $260, with an increase of about 170 times.

Getting close to Ansem: The Hundredfold Alpha Crypto Journey

80x BONK

On October 30, 2023, Ansem posted a tweet on social media, exclaiming, "bonk great coin," when the price of BONK, as a Memecoin, was only $0.0000005618. Later, BONK skyrocketed, attracting high market attention.

4 months later, in March 2024, with the resurgence of Memecoin fever, the price of BONK once broke through $0.000045, an increase of over 80 times.

Getting close to Ansem: The Hundredfold Alpha Crypto Journey

520x WIF

On December 12, 2023, when replying to another crypto KOL @blockgraze's tweet asking "who is the next SHIB," Ansem replied in the comments that only WIF has the potential of SHIB. He also posted a tweet on December 16, 2023, stating, "WIF = SHIB," accompanied by a Shiba Inu emoji wearing a woolen hat. Subsequently, in a few short months, WIF's price surged from $0.09 to a historic high of $4.85, an increase of over 520 times.

Getting close to Ansem: The Hundredfold Alpha Crypto Journey

Next, let's learn how he achieved these amazing operations.

From Obscurity to Acclaim in Crypto: Ansem's Growth Story

We can learn a thing or two about Ansem's past from his previous public tweets.

How did he start his crypto journey?

As early as October 2017, Ansem had posted a Thread post, detailing how he learned about cryptocurrency trading and providing his study materials for reference.

Getting close to Ansem: The Hundredfold Alpha Crypto Journey

In 2021, he quit his job and embarked on his full-time trading career. At that time, he also posted a thread about trading altcoins and investing based on time points, telling people how to judge the timing and position to buy altcoins and how to focus only on holding Bitcoin at the right time without being distracted by others.

In a December interview last year, Ansem also briefly shared his trading strategy, which will be mentioned later. Interestingly, in this video interview, Ansem also briefly introduced his background. According to him, he initially studied computer science at Georgia Tech and later became a software engineer. His mentor was a cryptocurrency enthusiast, which led to his subsequent story of embarking on his own cryptocurrency trading journey.

How does he use Twitter as his crypto toolbox?

Ansem believes that Twitter is crucial for people in the crypto industry as a gathering place for crypto information. He mainly mentioned the following points for specific usage:

  • Always online: Learn by observing and following top traders on Twitter.

  • Make good use of tools: Use lists and tools to manage information flow, such as using TweetDeck to efficiently browse information.

  • Expand information sources: Listen to as many podcasts as possible to learn new knowledge and information.

Ansem's trading style sharing

Ansem divides his investment portfolio into two parts:

  • One part is for long-term holding (about 70% of the total position)

  • The other part is for more speculative short-term trading (about 30% of the total position)

In his view, the main traits of successful traders are the ability to accept mistakes and remain humble, and the ability to control emotions during market fluctuations.

How does he make investment decisions?

In this regard, his sharing is somewhat cliché, probably about spending time researching a project and determining the main reasons for holding its tokens. When evaluating the potential success of a project, it is important to consider its long-term investment direction and technological progress.

In addition, he also mentioned several points of attention in a previous video interview.

  • Recording trades and adhering to pre-set trading rules is the most important.
  • Do not violate your own set rules in trading.
  • Understanding one's emotions and market conditions can be achieved through recording trades.

What are common trading mistakes?

Overtrading and full position trading are common mistakes in investment, which can lead to significant losses if predictions are inaccurate.

Using leverage trading and holding a large position in altcoins without proper risk management can result in substantial losses.

It is worth mentioning that in a previous interview, Ansem mentioned that some traders make a clear mistake by trading based on their own views and ideas rather than market conditions. Holding multiple types of assets can lead to longer-term sustainability.

In addition, Ansem believes that technical analysis (TA) is very important for traders, more so than fundamental analysis (FA). Combining FA and TA can lead to better trading.

The Next Hundredfold Opportunity: Bitcoin Rune Ecosystem

On April 16, Ansem once again tweeted, "The next hundredfold opportunity is in the Bitcoin rune ecosystem," and he believes that 95% of crypto enthusiasts on Twitter may not be paying attention to this. He stated, "Comparing the trading volume of Solana memecoins with the current trading volume of unisat, and considering the wealth effect if Bitcoin users have their own native memecoins to buy." Currently, this tweet has reached an astonishing nearly 800,000 views and has sparked lively discussions among many overseas crypto industry professionals.

Getting close to Ansem: The Hundredfold Alpha Crypto Journey

As for whether his judgment this time will be accurate again, with the Bitcoin halving approaching and Casey's rune project about to be released, let time tell us the answer.

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