GuShiio.com Fengshen said that if you want to succeed, you must continue to work diligently to do the right thing.
Starting from grooming to the MEME track, he has made profits of more than 10 million in multiple single events along the way.
Fengshen said that if you want to succeed, you must continue to work diligently to do the right thing.
The one who knows most about trading in airdrops, the all-round player who knows most about airdrops in trading@0x0xfeng tells you how to trade while doing business?
This is a series of conversations between friends of #OKX. Interviewer @mia_okx, welcome to pay attention ~
How to make the first 10 million?
I once served as a VP of marketing operations in an e-commerce company. In 21 years, I came into contact with new business in the field of cryptocurrency. Then he resolutely resigned from his job as an e-commerce company and focused on creating new cryptocurrencies. At that time, the popularity of Bitcoin and blockchain was gradually heating up. I reviewed past projects, calculated the costs and benefits, and found that the profits were considerable. I thought this was an opportunity that should not be missed.
The first 10 million yuan was earned through Coinlist. The new studio was not big. At first, we just set up a table in the living room and invited two college students to work, and then we started doing it. The initial investment includes two computers, with a total investment of about 10,000 yuan; employing two fresh college students with a monthly salary of about 4000 yuan per person, etc. Through these investments, each account can be invested 500 yuan, and a single project can be invested 10,000 – 20,000 U.
Although the winning rate for new projects at that time was only 3%-5%, few of these IDO projects at that time lost money. MX paid more than 25,000 yuan and earned 700,000 yuan. Then, it bought People and reached 10 million yuan. After experiencing the Luna and FTX thunderstorms, there were more than two years of retractions before returning to the peak of that year.
How to transition smoothly from airdrop track to MEME track
In fact, many people who brush off their hair do not speculate in coins. P’s group may have 100 CAs a day, and if you don’t read the news for a while, you may have 999 sentences a day. Most of the time, they are busy working on projects, so these are two different types of people. The reason why I was able to quickly transition from grooming to MEME was because I had friends playing with it, and I also liked playing MEME very much. Personally, I feel that playing MEME requires positive feedback, otherwise I will fall into anxiety and self-obsession, which will not last for long. MEME has an impossible triangle of capacity, multiples and certainty.
1. Capacity is what can give you a large position on the bus
2. A multiple is the one that can have several times or even dozens of times the income
3. As the name suggests, certainty means that you will definitely make money if you go on it
But at present, this kind of MEME is only seen on $TRUMP. It has both capacity (the official pool has added tens of millions of dollars), multiples (from the beginning, it can be several times or even ten times as good as getting on a car in a large position), and certainty (the MEME issued by Trump himself)
MEME The Road to Nuggets
I prefer to play second-paragraph or larger currency. P players basically sleep for 6-8 hours, and spend the rest of the time on the chain, and basically need to cope with jet lag. First of all, it hurts my body and I can’t bear it. Secondly, all the hundredfold gains we see come into the market very early, and it is very difficult to put in the market. Those fast-clearing houses usually fill up the inner markets themselves, and retail investors rarely have the opportunity to squeeze them in, so personally, they play more second games. Generally, plates like dozens of Millions or hundreds of Millions can be eaten by 50% or double as long as the narrative can be understood and then roughly judged the market valuation. It is very difficult to double the currency on an exchange, but it is easier to double or several times it on the MEME market than on an exchange.
At first,$BOME and $SLERF made me earn more, and then Japanese cats made a lot of money.$ SLERF costs $1.2 million an hour, and Japanese cats cost about $1 million a night. Currently, these two earn more. In the second paragraph,$ChillGuy also earns a lot. At that time,$CHILLGUY’s large position was bottom-hunting, and after a big rebound, contracts on major exchanges were sold. The average price of TRUMP is about $14 and bought for $600,000. Then $MELANIA bought for less than 2 million yuan, but it ran away after making hundreds of thousands of yuan.
How to judge the MEME narrative?
Look at the popularity of IP and the operational capabilities of the project party. Like this emotional board, if you feel the heat is reaching its peak, you need to sell it. There is a saying that is well said and sold in a crowded place. This is the truth. For example, although GOAT was selling at 600-700 meters when there was a lot of noise, there was actually no problem selling it at that time. Although it was not sold at the highest price, as long as it was a reasonable price that you perceived or psychologically.
In the final analysis, we still need to review more, train our understanding and sense of disk, and accumulate experience. For example, if you experience a coin from beginning to climax, and then from climax to zero, then you will probably experience the life of the coin. For example, for $TRUMP, many people will get hundreds of thousands of dollars or a million dollars. Including $SLERF and $BOME, their biggest feature is fairness. This is also in line with the previously mentioned MEME impossible triangle theory, where capacity, multiple and certainty are all set.
For $CHILLGUY, it was the market heat and mood at that time. Every time it went deep, there would be a strong bargain-hunting power. At the same time, looking at the trading volume and number of holding addresses of $CHILLGUY, I think it should be available for contracts with large firms, which means that it still has strong expectations for rising. It is also very simple to judge the turnover rate. If the turnover rate exceeds 1%-5%, the turnover is already sufficient. The most significant phenomenon is that the transaction volume remains high, but the market value has not changed much.
The number of holding addresses for $CHILLGUY exceeds 100,000, while the number of holding addresses for $TRUMP is more than 700,000. Generally, most MEME holding addresses are about 40,000 to 50,000. It is obvious that CHILLGUY has a lot of traffic, and its online transaction volume has dominated the list for several days. In addition, it belongs to a very novel concept of TIKTOK track, so I will choose to get on the bus. My biggest feeling is that MEME is very different from traditional VC coins. Due to its novelty, especially as a track leader, we cannot accurately value MEME coins. Unlike the traditional Layer2 public chain, which can use TVL, user volume and ecology to determine the approximate valuation. Including $ORDI, it was also difficult to value at the beginning. It is very difficult for you to judge its valuation for a new thing on the track.
How to control stop-loss and position management?
1. Don’t be too optimistic and avoid brainwashing yourself
•Traders tend to be overly optimistic about the project they choose and ignore its potential risks. Learn to analyze projects from a calm and objective standpoint and avoid self-brainwashing and self-congratulation. For example, when a project rises due to a wave of popularity and then falls, we must rationally judge whether it can rise again, rather than blindly believing that it will repeat its previous trend.
2. Stop losses in time and don’t bear it hard
•Many people will stick to loss-making projects because they are unwilling to do so and always want to recoup their capital, but this will often miss the best opportunity to stop losses, leading to further expansion of losses. You must learn to judge whether the project still has potential. If you feel that the project cannot start, you must decisively stop losses to avoid getting deeper and deeper. As Feng Wuxiang said, in the long run, only good cards are worth investing, and bad cards must be given up in time.
3. Reasonably allocate positions and avoid excessive concentration
•Don’t concentrate all your funds on a few projects, allocate positions reasonably and reduce risks. Fault tolerance can be increased by decentralizing transactions. Even if some projects lose money, it will not cause a devastating impact on the overall assets. For example, I once mentioned that even if there are 5 cuts in 10 projects, the safety of the overall assets can still be ensured through reasonable position management.
4. Use profits to roll investment to keep principal safe
•Learn to use profits to roll transactions instead of constantly adding principal. This can increase investment income while ensuring the safety of the principal. When profits are made, part of the profits can be used for re-trading, but it is necessary to ensure that the principal is not lost. In this way, assets can be steadily increased over the long term.
5. Focus on project narrative and market sentiment
•Project narratives and market sentiment are critical to trading decisions. Learn to judge whether the narrative of a project is attractive and whether market sentiment is high. When market sentiment reaches a peak, it is often a good time to take profits; when market sentiment is low, it may be an opportunity to lay out. For example, when the whole world is calling for a certain project, there is a high probability that it should be sold.
6. Select projects with high certainty
•During the transaction process, try to choose projects with high certainty. For projects with clear application scenarios, strong team background and good market prospects, more attention and transactions can be given. At the same time, avoid investing in projects with high uncertainty and reduce transaction risks.
How to play MEME while rubbing the hair on the double track to nugget?
Because grooming is a very positive thing. For example, I often get used to using JUP while playing MEME, because I know that JUP will have airdrops in the future.
I actually don’t use the BOT, just play the second stage. In most cases, for example, after we buy the BOT, it will rise to a certain level and stabilize. When I want to sell it, I will also use JUP to sell it. This will not only brush up the trading volume of JUP, but also reduce the BOT fee by 1%. Then, I came back and forth, airdropped 50,000 yuan, and I gave less to this Trading BOT, which was about 50,000 yuan, which added up to 100,000 yuan, and the wear and tear of playing MEME came back. In fact, when calculated in this way, it is also a lot of money.
The same is true for Metaora. Before Metaora, many people judged it to be a relatively big one. Most of the time I sold coins, I would get used to increasing the one-sided pool in Metaora, charging this fee, and then quitting. Just me, because I know that Metaora’s airdrop will also be very valuable, that is, for example, I now have 50,000 coins. Add it to the pool and sell it at a price for 70,000 or 80,000 yuan. The handling fee is 5K to 1W, and then this handling fee will be reported back to me in the future.
In short, while playing MEME, we do some very positive things, such as deliberately using more project tools with airdrops.
@mia_okx writes at the end:
Fengshen is a very straightforward and sincere person. Many times in the chat, I try to get him to summarize some methodologies with such a high winning rate for everyone, but I don’t say anything high-level summary. I just say lightly,’You will feel like playing too much. Come on.
He said that all the successful people he knows in the industry who started from the bottom work 16 hours a day, 6 days a week, devote themselves to it, and persist for a year or two or even longer before they can succeed. Doing the right thing, calculating the expectations and rewards, and then sitting and perseverance are left, which once again makes the words concentration and diligence more like in Mia’s mind.
This time, Fengshen also unreservedly shared the way to continue to make profits. Multi-dimensional strategies are the key, combining hair rolling and MEME dual tracks, making good use of the advantages of each platform, and focusing on long-term benefits. And risk control is equally important. Stop losses in a timely manner, allocate funds reasonably, and avoid chasing the high and killing the low. In terms of mentality, he suggested remaining objective and calm, not pursuing perfection, and accepting market rules. Long-term development requires continuous learning, patience, and stability. I hope everyone will gain something
Finally, thank you very much for@0x0xfeng for sharing, and welcome everyone to continue to pay attention to the “Friends of OKX” dialogue series.
Disclaimer:
This article is for reference only. This article only represents the author’s views and does not represent OKX’s position. This article is not intended to provide (i) investment advice or investment recommendations; (ii) offers or solicitation to buy, sell or hold digital assets; and (iii) financial, accounting, legal or tax advice. We do not guarantee the accuracy, completeness or usefulness of this information. Holding of digital assets, including stablecoins and NFTs, involves high risks and may fluctuate significantly. You should carefully consider whether trading or holding digital assets is suitable for you based on your financial situation. Please consult your legal/tax/investment professional for your specific situation. It is your own responsibility to understand and comply with applicable local laws and regulations.
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