1. Is Magic sold?
I have never sold Magic since I bought it. The black words in the article are quoting readers' comments.
I still hope that our readers will not pay too much attention to how I operate, and even more so not follow my operations completely, because my operations may be completely wrong, and the frequency of errors is very high.
Of all the tracks I have been paying attention to, NFT has the greatest returns.
I remember in a previous article or online communication, a reader asked me what the success rate of investing in NFT was? My answer at the time was that the success rate was only 20%~30%, which means that 70%~80% of the projects I invested in ended in failure.
But why did such a low success rate bring me good returns? Because the income from a few projects far exceeded that of other projects and covered all the losses.
Does this mean that in order to capture these 20%~30% of projects, you don’t need to use logic and just rely on blind guessing?
Absolutely not.
I think luck is the first thing. But luck can only help us find the NFT track, and to catch the 20% to 30% of projects in this track, we still need a certain amount of logic and thinking.
So I always emphasize that the reason I share some projects is that I hope readers will pay attention to the thought process, learn from my experience and lessons, and summarize their own methods.
If the reader's focus becomes entirely on the project itself, that's trouble.
I have also thought about this: Taking NFT as an example, if I really make public all the projects I have invested in, I can say with certainty that it is very likely that no one will be willing to invest in the 20%~30% of my projects with the best returns, but on the contrary, many people will invest in the 70%~80% of the failed projects; and even if there are people who invest in those 20%~30% of the projects, it is very likely that the investors will not buy or sell with me.
For example, when I only had 15 ETH in CryptoPunk, I confidently recommended CryptoPunk to several friends around me who I trusted very much, but most of them did not buy it.
This is human nature, deep-rooted and irresistible.
So I usually don’t answer questions in detail such as “What coins do I have?” or “What is the proportion?” I will only answer when the coins I hold can explain a certain type of investment phenomenon and investment thinking.
2. Can LPT sprout new buds from an old tree? Using AI, Grayscale holds the currency.
I don’t know much about this coin and I have never bought it.
In fact, I feel that readers already have the answer in their hearts when they ask this question, because the readers themselves said that this coin is "AI freeloading".
Since it is just a "free ride", since I don't do short-term operations, I will not buy this kind of coins.
In addition, whether Grayscale or a large institution holds a coin has never been a criterion for me to buy or hold. The holding of coins by these institutions is a commercial behavior and they have to face their customers directly.
Since they have to face clients, they, like most Wall Street institutions, have to face short-term considerations and profit pressure from clients. In addition, they also have some non-investment behavior considerations based on their own interests.
These factors have little to do with whether the currencies they hold have long-term potential.
Of course, I occasionally look at their Bitcoin and Ethereum holdings data, but I don’t look at those data to find confidence from them, but to analyze and judge the flow of funds from their position changes and what impact this flow may have on prices.
