TwitFi, a small game, launched the token at around 5pm on Sunday evening . The initial launch price was 0.02u. At 7pm, NFT was available for play. I bought it right away. Let’s not talk about 0.03u. 0.05u lasted for a long time. Then when I recorded it in the early morning of Tuesday, it rose to 0.2u . On Wednesday, it kept rising from the morning, and reached the highest point of 0.9u at one or two o’clock in the afternoon. Then the big players dumped the market and it fluctuated. Matcha was launched at 11pm on Wednesday. By yesterday, it was basically in a free fall. It was only the fourth day of the whole game at 5pm today. The current price of TWT is 0.15u.
This is the project that has experienced the shortest rise and fall in the shortest time that I have ever participated in. There are a few things I learned, which I will record below:
1. The overall environment is a bear market, and there is no overall money-making effect, but there is capital, so when you see innovative projects, you will try them out, but because you are afraid of being cut, you will quit while you are ahead. So the performance is that it comes quickly and goes quickly.
2. Information sources are very important. If you know a project as soon as possible and judge it to be good, you can try it with a small amount of money as soon as possible. You must remain sensitive and use small amounts of money for trial and error and gain experience and lessons. In terms of gamefi/short-term/nft/arbitrage, good information sources are very important for the direction where small local projects are prone to outbreaks.
3. If you have a profit, you should keep it in time, such as selling half of it to make up for the loss, and then see how the market develops. You can't be sloppy. For example, when it was 0.9, I was still looking forward to whether it could break through 1. At that time, it was indeed possible to exceed 1, if, if the big investors did not dump the market. . But if the big investors directly dumped the market at that time, it might not be able to go back. When it rebounded again, it only reached 0.8, and then fell again. This basically triggered a chain reaction of people who had already made many times the profit before, and they all wanted to keep their profits and run away first.
4. When playing gamefi, you must carefully read the white paper, the economic model of the token, the liquidity of NFT, the threshold for withdrawing coins, etc. If you rush in without understanding it, there may be big problems.
5. The first demand is for players to get their money back. We should start from this point. When will the early users get their money back? Is the time I enter the market early, mid-term or late? Can the subsequent people and funds in the market bear the selling pressure of early users? When is the critical time point?
6. Is the game difficult or easy, time-consuming or labor-intensive, and costly or inexpensive? For example, stepn requires physical effort, melody requires singing, and skipping ropes require the actual cost of the players in the game. In this regard, twitfi does have a very good communication attribute, but it is too simple and cost-effective.
7. When the price of the coin rises and the payback period is drastically shortened, it is a very dangerous signal. For example, we can accept or previously thought that Stepn's payback period of 30 to 40 days was relatively healthy, but when it came to the BSC chain, it was basically 2 or 4 days to payback, and then it collapsed immediately. When Melody was looking for someone to promote it, she said that it would pay back in 20 days. I also said that this method was not good and that the promotion point should be changed. Now I think back and I was so stupid . This was obviously a dangerous signal. I should have run away as soon as I saw such words. As for Twitfi, someone in the group calculated that it would pay back in three days or one day. No matter what happens later, it is the high point of the coin price in the short term. Later, we have to form muscle memory, that is, the payback period is obviously abnormal, and it should not be the time to enter, but the time to run.
8. I mentioned before that GameFi can be regarded as a microcosm of a small cycle of the crypto . The cycle of BTC is four years, and the cost of making mistakes is too high. However, by participating in GameFi, this time cycle can indeed be greatly shortened. Now the K-line chart of TwitFi has formed this arch pattern in less than 4 days. . Our greed, anger, ignorance, slowness, doubt, thoughts and actions in these 4 days, think carefully, and magnify them. Are they also very similar to ours during this round of bull and bear markets? It doesn’t matter if you make mistakes and lose money, what matters is to remember. I think that actively participating and making small mistakes has helped me a lot.
9. Those who are still here and reading this article must have faith in the crypto and a certain understanding of it. You must stay in the bear market and protect your capital. You must still keep your large positions in BTC and ETH, leaving some funds for fixed investment or waiting for buy the dips, and a small part of the funds to try the direction you are interested in. Learn more and try more. In fact, it is still the barbell model mentioned before.
10. What do you discover after playing around with all kinds of things? Projects, coins, these are all inducements, they are all appearances. In the end, you make money because you have overcome a certain weakness in your human nature and improved your cognition in a certain aspect. If you lose money, it is because something went wrong in some link, you were greedy again, and you were stupid again... So, to sublimate it, investment makes us become better people?... Converted to the saying in the Buddhist scriptures: All appearances are false... All sentient beings in the southern Jambuvipa, every thought and action is a sin, and all are wrong... I hope we can practice well, see through more fog... Make fewer mistakes...
11. Sometimes I look at my own public account and feel so embarrassed. But I am improving slowly. All roads are roads that must be taken. All pits are pits that must be fallen into.
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I met a guy through twitfi these two days. The chat with him was the most rewarding one recently. His understanding of cycles, coins or various projects is at the level of the project party. And I asked my friends about some things about NFT these two days, which also let me know more about some common sense for veterans, but very valuable knowledge to me. Thank you for meeting.
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Current prices: BTC, 16838u; ETH, 1214u; BNB, 247u;
