Is there really no chance for P to become a small general?

CN
1 year ago

Money will flow to those who are at peace within.

Written by: BITWU.ETH

A month ago, the Trump token $Trump ignited the scene, with hundredfold profits leading several P players into the A9 hall; starting yesterday, CZ @cz_binance called for $TST, causing the Binance chain to thrive again, rising 1500% in a day, and many people once again made a fortune;

Behind the prosperity lies the anxiety of many, and the more real situation is: many people actually did not achieve results, or lost money instead, while looking at Twitter, it’s all about those who made big gains, deepening self-doubt;

Countless people cry out to the sky: Am I really not suited for this circle?

In the past month, the most heard industry voice in the market is:

On-chain is the true explosion of wealth, on-chain is the place where money can be made; if you cannot make money on-chain or lack the ability to do so, you are a representative of the classical coin circle, an object of elimination and a loser;

I agree with this viewpoint halfway. Indeed, on-chain is currently a concentrated explosion of wealth; if you have the talent to P on-chain, that’s certainly the best opportunity. If you do not have good perception and money-making ability, you can try to learn and research, deeply study, and research tirelessly, such as the guide published by @haze0x titled "GMGN: From 0 to 10 Million Dollar Meme Operation Guide."

Link: https://drive.google.com/file/d/11Rk-fr_AAfPSVtV8gCgOpsi2GpNI23uj/view

Such materials are excellent; after learning, small-scale attempts can basically reveal your talent and ability!

Of course, there is a greater possibility that through in-depth research and learning, you may find that you are still not suited for on-chain. Does that really mean there are no opportunities left?

So, I hope everyone thoughtfully considers the following questions:

  1. Is on-chain really suitable for everyone?

  2. As an ordinary person who truly cannot seize opportunities on-chain, how can one obtain value within the circle?

  3. Is there a universal track suitable for people in the circle?

I. I actually agree with this viewpoint halfway:

Everything must be treated according to the symptoms—

I agree because this wave of on-chain opportunities is indeed a once-in-a-lifetime good chance. I also admire friends like @0xSunNFT, @yuyue_chris, and @EnHeng456, who are smart, down-to-earth, and full of courage. I have long said that I am very happy to see them make money. I don’t know if you understand this feeling; the opportunities in the industry continuously create new chances for newcomers to find opportunities. Rapid iteration not only eliminates rigid hierarchies but also allows outsiders to see that the opportunities here are not exclusive to the old-timers or resource owners. Compared to most WEB2 industries, the fairness of WEB3 lies here; as long as you work hard, are diligent, and have courage, opportunities are right here; this will make more newcomers fall in love with this circle.

The other half I do not fully agree with is the notion that if you lack the ability to make money on-chain, you will be eliminated and lose all hope. There is a bit of bias here: first, I believe there is still hope; maintaining a calm mindset to find your own path or slowly making money is also a way. The crypto circle is not only about PVP; there are also investment principles that allow time to make friends, and we cannot deny that; second, we cannot only talk about making money on-chain without discussing whether we individuals are suited for on-chain PVP. I believe on-chain PVP is a highly difficult endeavor that requires talent; not everyone is suited for it. It’s like trading; just because one in a thousand people makes a lot of money doesn’t mean those who don’t understand trading will be eliminated. There are many opportunities to make money in WEB3, and the most important point is that we need to find things that suit our talents, personalities, and rhythms; that is what matters!

Therefore, I think each of us should seriously consider where our personality and ability lie and how our path to wealth should be:

II. If you do not take wealth seriously, wealth will not take you seriously;

I often see many people thoughtlessly throwing down hundreds of thousands, only to lose it all, yet they are unwilling to think for even a second about where their problems lie. How should they respond to this investment market?

Simply put, most people are eager for quick success, unwilling to slowly become rich, and even less willing to spend even a second seriously thinking about wealth, relying on others to get rich, relying on luck to get rich, relying on information to get rich;

I collectively refer to these people as leeks!

Leeks do not respect wealth; the market is so wonderful that if you do not take wealth seriously, wealth will not take you seriously.

III. Another point to discuss is, what is wealth?

Think seriously about what wealth means to us.

Wealth is the money you truly take away from this circle; it is the change in your quality of life and social circle that truly counts as wealth. For example, after achieving more results, you undergo a significant transformation in your mindset, invest in your health to continuously improve, meet more partners for future entrepreneurship, and experience various lives you want to experience, truly completing the accumulation and stable growth of wealth; these are what we call wealth!

If you only have A9 in your account and keep P-ing here, that wealth is not called wealth; I think it is more appropriate to call it: chips.

IV. The money-making rules truly suitable for most people in the circle;

Next, I want to talk about a foundational thinking strategy that most people can achieve and obtain results. This is not the first time I’ve written about it, but each time brings new insights, and I hope to encourage everyone:

If you are like me, relatively slow-witted, lack good trading talent, and are not very sensitive to on-chain, then it’s best to honestly execute this strategy like I do;

Because this strategy does not require high talent or intelligence; as long as ordinary people execute it firmly, it is impossible not to make money:

V. The essence of the trading market and the optimal strategy for ordinary people;

We have clarified the essence of the trading market (a unique retail trading market) and summarized its characteristics (sharp rises and falls, short bull markets and long bear markets),

Based on these characteristics, I have formulated the optimal trading strategy for ordinary people (a trading strategy that combines the advantages of value investment and trend investment, "left hand in, right hand out"),

Then clarified the two key points for the success of this trading strategy (cyclical trading market + continuous influx of funds), and how to ensure the smooth advancement of these two points (scientific position management + choosing Bitcoin as the basis for trading varieties).

There are several important points here:

1️⃣ What is the optimal trading strategy:

I believe this strategy has universality,

Because compared to the huge uncertainty of quick entry and exit contract leverage and the struggles of MEME P players, value investment is the only thing that can be learned, while trend investment only requires execution.

Simply put, if you use diligence + resist human weaknesses, you can achieve results;

2️⃣ Why say two key points:

This is the foundation of my current standing in this market: cyclical trading market + continuous influx of funds;

1) Cyclical: This market must be cyclical, and what is most friendly to everyone is that the cyclical nature of this market is very stable. Compared to the ten years of no bull market in the Myanmar A, the crypto circle has a bull-bear cycle every three to four years, which I believe will maintain for a considerable time. This is the cycle. In a stable cyclical market, making money is like taking candy from a baby;

2) Continuous influx of funds: This point is also very important; it’s best to have good cash flow to support the cycle, which can help you safely weather the bear market and have the courage to move forward at the bottom of the cycle. I wrote a passage the day before yesterday: anyone who has accumulated great wealth will have a feeling during the process of making money: "I’m really not that amazing; the money just comes from the wind; I’m just picking up money." Personal experience tells you, that’s about right, but don’t overlook one point—when it’s your turn to pick up money, first, you have to be alive, and second, you need the capital to pick up money. Continuous influx of funds is this foundation; as for where this continuous influx of funds comes from, everyone has their own tricks, but it must exist;

3) What is the foundation for smooth advancement?

Scientific position management + choosing Bitcoin as the basis for trading varieties;

For position management, I recommend everyone choose a Bitcoin-based management model. What does this mean? Please see my pinned tweet. Bitcoin, as the foundation of the industry, is a higher-dimensional existence and the best embodiment of the Lindy effect. Therefore, in a stable industry, holding Bitcoin is a necessary action. If you do not have good talent and have not been buying Bitcoin while hoping to gamble, then forget it; you are that leek. In fact, 90% of people’s long-term returns in the circle cannot outperform Bitcoin, and most VC and fund returns in the circle also cannot outperform Bitcoin. So why don’t you hold Bitcoin?

Outside of Bitcoin, you can keep 20-30% of your position for some well-researched targets, firstly to maintain relevance with the industry, so that if opportunities arise, you can quickly catch up, and secondly to satisfy your trading desires. Moreover, once opportunities arise, making tenfold or hundredfold returns also requires quickly converting back to Bitcoin and then waiting for the cycle.

With the trading strategy in place and trading varieties established, it’s time to show your skills.

4️⃣ Judging the bull-bear cycle and experience:

I often say two phrases:

First, I value the long-term investment bonus brought by patience and waiting; second, I believe investment is something that requires the accumulation of experience and luck. If we do not have such good intelligence, we must strive to live through a few more bull markets.

Living through a few more bull markets is to encounter more opportunities that can change fate and have more chips to participate; it is also to better perceive the market and make correct judgments;

First, judge the stage the market is in (I previously wrote about emotional theory) so that you are not blind and can wait for the right stage to buy and sell ("dead silence" period to buy, "frenzy" period to sell). Using "emotional theory" + "specific market conditions" as the main basis, and using "space + time" as the criteria, fill your positions before the bull market arrives, and gradually liquidate using the selling principles of trend investment after the bull market turns.

Currently, it is clear that the market has not entered the "frenzy" period. If you, like me, have done a good job in position management and preparation, all you can do now is patiently wait for the comprehensive characteristics of the bull market top signal:

  1. On-chain indicators: MVRV high (3~4+), NUPL entering the euphoria zone, high floating profit ratio;

  2. Sentiment indicators: Fear and Greed Index remaining above 80 for a long time, extensive media and public discussion;

  3. Technical aspects: Price far from long-term moving averages, weekly or monthly RSI extremely overbought; price hitting new highs but volume failing to follow or showing divergence;

  4. Derivatives overheating: Futures market leverage soaring, long-short ratio imbalanced, funding rates high;

  5. Mainstream capital movements: Institutions or whale addresses selling off in large quantities, exchange balances rising;

  6. Macroeconomic and public opinion: Easing turning into tightening, major positive news unable to push up coin prices, negative news easily triggering violent fluctuations.

If at some point in the future, these signals converge or most of them appear together, you should be wary of the risk of the market topping and correcting at any time. The true absolute top is often only confirmed in hindsight, but referring to the above indicators helps to take profits in time or reduce blind chasing of highs.

The frenzy period is generally short. Once the above signals arrive, it may quickly enter the decline zone, but the decline will not be fast; it is usually a slow cut, and only later does it enter the dead zone. Before the "dead silence" period arrives, we must align our words and actions, and during the selling phase, we must not be soft-hearted. If you cannot sell, you will lose a lot of profits, and when the bear market comes again, you will miss the second wave due to a lack of good bottom-fishing funds.

This cycle repeats; as long as the layout is set well, once the bull market starts, the account will enter a crazy profit mode. After each round of the bull market begins, Bitcoin typically rises at least 5-10 times from the low, and it is normal for altcoins to rise a hundredfold. Our goal, or rather my goal, is simply to double the amount of Bitcoin I hold in one cycle; I think that is enough.

This goal is not high relative to the work I do, but the actual income is very considerable and stable, which is beneficial for the long term.

VI. Summary

So I believe that if you have the talent of a P player, you are truly a rare talent, and you must make good use of it. After achieving great success, you must also turn that wealth into real wealth; in the future, you will surely become a regional lord!

If you do not have that talent, there is no need to be distressed. The opportunities and challenges in the industry are very favorable for ordinary people. You must believe that you are making the right choice. Avoid being overly ambitious, arrogant, anxious, or restless; these emotions are your enemies in making money.

Focus on doing things that benefit you and are suitable for you. I previously mentioned that my wife, who does not understand any blockchain technology or on-chain operations, has likely earned more than most people. In two years, her principal has already tripled in this round of increases, mostly from Bitcoin.

Another point is that the greatest benefit of this strategy is that you will not miss out on the future dividends of Bitcoin. Bitcoin has the highest certainty of dividends, and what it brings you may be true wealth, a place of peace of mind.

After all, money will flow to those who are at peace within!

As for how high Bitcoin can go in the future—200,000, 500,000, or even 1,000,000—I believe that is not important.

What is meant to come will definitely come. Light incense, sip tea, and quietly wait for the flowers to bloom!

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