Don’t do swings in the bull market, pledge airdrops to control positions

Source: Daoshuo Blockchain

After the holiday, Ethereum’s rise became stronger, and it was close to US$3,000. And recently, the Ethereum ecosystem, whether it is second-layer expansion or games, has begun to show signs of being ready to move, which should be good news in the short term.

At the same time, Bitcoin’s trend appears slightly weaker.

Gradually, there are articles on the Internet discussing whether the short-term "top" of Bitcoin has arrived, and where the short-term "top" of Ethereum may be.

Here, I think it is necessary to remind everyone of something worth noting:

That is, don’t do any bands, don’t care about short-term tops, we must completely ignore these interferences. According to the information, at this stage, firmly hold Bitcoin and Ethereum in your hands. The chips we accumulate are not at all for the trivial profits at hand, but for the harvest of rich fruits in the bull market.

Many times, I think that for us ordinary investors, avoiding pitfalls is far more important than making profits, because if we don’t make profits, we will lose at most one opportunity, but we can still control the future; but if we step into a pit, It is very likely that we will be doomed and we will not even have the opportunity to seize the opportunity.

The Pandora token that surged before the holiday is a typical example.

When I wrote the article, the unit price of the token was close to 10 Ethereums, but in the next few days, the price of the token fell sharply. Now, its price is less than 5 Ethereum.

I remember that in the last few days of its rapid development, there were many articles on the Internet that thought its price could rise another 100 times.

I dare not make such a prediction about this.

In the article before the holiday, I wrote: According to my personal experience, when a token is first born, it is favored by many people. In all likelihood, the future of such a token will not be as good as everyone imagines, or even if it is, the scenario is impossible for everyone to imagine.

Actually, there is another paragraph that I did not write at the time: Based on my personal experience, when a token is just born, many people think that it can increase hundreds of times in the future. Such a token In all likelihood, it will be difficult to rise that much in the future.

Bitcoin, Ethereum, ORDI, etc. are all like this: when they were first born, most people did not believe them at all, let alone publicly say that they could increase hundreds of times in the future.

Going back to the example of Pandora, for retail investors, if they rush in feverishly during the climax of its surge before the holidays, they will directly face losses.

We have to avoid pitfalls like this, we have to be more careful, and we would rather miss the opportunity than rush without thinking.

During the Spring Festival, there doesn’t seem to be much big news in the crypto ecosystem, but there are a lot of posts about collecting wool and airdrops. Among the projects introduced in these posts, there is one type that may be of more concern to many ordinary retail investors:

It is to store/mortgage various assets to accumulate points and then bet on airdrops.

Most of these projects are second-layer extensions of Ethereum or second-layer extensions of Bitcoin.

This type of project does not require you to do various tedious operations. It only requires you to mortgage your assets to relevant contracts or MPC/multi-signature wallets.

It seems like participants can get airdrops without any effort.

But there is a risk here that I think everyone should be wary of: no staking contract or wallet can be said to be 100% safe. Therefore, it seems that there is still a certain risk in buying and selling without capital.

And the assets required to be mortgaged by these projects are often very important assets such as Bitcoin, Ethereum, ORDI, etc. These are the ballast stones for ordinary investors.

Be careful when giving these assets away for mortgage.

There are many articles recommending participants to mortgage their idle Bitcoin and Ethereum. I suggest that even for idle Bitcoin and Ethereum, the proportion of mortgages should not be too large, preferably no more than 30%.

If the proportion is too large, once a safety accident occurs and ballast is lost, the impact on ordinary investors may be devastating, causing all our previous efforts to be wasted.