In March 2021, last year, I heard about shib, almost all the big Vs were shouting about shib. I thought it would be the end of shib. I didn't expect that two months later, shib was listed on major exchanges and soared by over a thousand times. Then I often fantasized about getting rich in the stock market by buying shib, and often regretted and felt anxious.
Next, I will talk about this journey that I desire but have nothing to do with, based on what I know and think.
Let's start with Dogecoin, Doge coin. Dogecoin, under the shoutout of the world's richest man, Iron Man Musk, started a big surge mode. Of course, I missed Dogecoin too. At that time, I thought that if Dogecoin could surge under Musk's shoutout, it could naturally plummet under Musk's heavy hammer, but it was just my imagination, haha.
When I heard the name shib, it was actually quite funny, sh*t coin, haha. In fact, shib became known to everyone on Twitter, riding on Musk's popularity. It seemed that Musk posted a picture of a Shiba Inu, and then the shib official commented in the replies, with a high number of likes. At that time, I didn't use Twitter much, so I seemed to have missed a lot. Later, in March 2021, I saw a lot of big Vs on Weibo shouting about shib, but I didn't buy it. Later, I heard about shib again in May when it was listed on major exchanges, various animal coins emerged, entering an unprecedented frenzy, and then the country intervened with policies, and the bubble burst.
Reflection#
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When there is a lot of hype, it may not be the peak, but could also be the bottom.
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Hotspots in the cryptocurrency circle are crucial, as that is when wealth is closest.
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Exchanges are there to make money, so coins with high popularity and trading volume will be listed.
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Success rates are higher in a bull market.
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Don't underestimate the celebrity effect.
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Don't always try to avoid all risks, or you will also miss out on all the gains.
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When a large number of similar tokens take off (various animal coins), it's usually the time when the bubble bursts.