Author: Daoshuo Blockchain
In the comment area of the article the day before yesterday, there was a message like this:
"You are late to the party about shitcoins, right?"
I thought about it carefully: in the crypto ecosystem, several investments that I am relatively satisfied with are all late to the party.
I knew about Bitcoin in 2013, but at that time, I thought it was a pyramid scheme.
When I knew about Ethereum, I bought more EOS and Ethereum's "killers".
I saw CryptoPunk in late 2017 and early 2018. But at that time, I thought it was really ugly, far less cute and interesting than CryptoKitties at the time. I would rather spend more money to buy a bunch of CryptoKitties than even one CryptoPunk.
I saw the official website of Boring Ape when it was about to be released, but my first impression was, what on earth does this project want to do? Is it meaningful? So I swiped past it without hesitation.
I heard about Bitcoin Inscription at the beginning of last year, but at that time I thought that this technology was meaningless and the related assets were of little value.
But later, I participated in all these ecosystems and got satisfactory returns from them.
Now that I think about it, the most valuable experience I have gained from these experiences is:
Once I determine that a project is valuable, I will immediately throw away the old views of the past, and will not be too entangled in the past, and will not be too obsessed with "Why can't I foresee and buy it when it is only XXX? Now the price is so high that I think of buying it?", but I will look forward to see if the project has huge room and potential for continued growth in the future.
If I think a project still has huge space and potential in the future, I will still participate without hesitation.
In addition to the encryption ecosystem, I also think of an event in the traditional technology field.
Last year, when GPT was first launched, a technology self-media that I often followed once said in a private space very confidently that Nvidia was a good stock. He didn't dare to say how it would perform in the short term, but in the medium and long term, its trend would definitely not be bad.
Because GPT requires huge computing power, Nvidia's chips are the rigid demand for computing power, and the advent of GPT marks the beginning of the artificial intelligence arms race, which also means that Nvidia, the only overlord, will undoubtedly occupy an absolute monopoly position in the market in the next few years.
What is there to hesitate about such a company?
As soon as the voice fell, someone in the space questioned: Nvidia's stock is almost $300. It has increased by almost 3 times in just over a year since 2022, and it has increased by almost 10 times since 2019.
Will the current price (2023) be too bubbled?
The self-media anchor replied at the time: Technology investment looks at the future. AI will be a huge blue ocean market, and the size of this market may exceed Nvidia's current market size. So looking to the future, Nvidia's stock still has great potential for at least the next few years.
Unexpectedly, more than a year later, Nvidia's stock has risen from less than $300 at the time to more than $1,200 now.
At that time, I still had great doubts about investing in individual US stocks, and the main battlefield I set was the crypto market, so although I was deeply impressed by this comment, I did not put it into action.
Seeing this message, these past events flashed in my mind again. They simply show that a really good project may have a significant increase compared to the past. Looking to the future, its increase may no longer be as high as in the past, but for ordinary investors, it is likely that it will still significantly outperform most targets and still have great investment value.
Therefore, we should not be too concerned about whether we can foresee a project, but should pay more attention to whether it still has room and potential to surpass other competing products and continue to increase in value. If so, it is not too late to intervene immediately.