Author: Blockchain Insights
In the comments section of the article the day before yesterday, there was a remark that caught my attention: “Are you late to the shitcoin party?”
Reflecting back, I realized that in the world of cryptocurrency, some of my most satisfying investments were made after the fact.
I first heard about Bitcoin in 2013, but back then, I dismissed it as a pyramid scheme.
When I discovered Ethereum, I was more interested in EOS and the “killers” of Ethereum.
I came across crypto punks at the end of 2017 and early 2018. At that time, I found them unattractive, not as cute or fun as CryptoKitties, and I would rather spend more money on a bunch of CryptoKitties than on a single crypto punk.
When Bored Ape Yacht Club was about to launch, I visited their website, but my initial impression was confusion – what is this project trying to achieve? Is it meaningful? So, I quickly moved on.
I heard about Bitcoin maxis at the beginning of last year, but I thought the technology was not significant and the associated assets had no value.
However, I eventually got involved in all these ecosystems and received satisfactory returns.
Looking back, the most valuable lesson I learned from these experiences is that once I believe in the value of a project, I immediately discard old views, not dwelling on the past or fixating on why I didn’t invest earlier when it was only worth XXX. Instead, I focus on the future potential and growth opportunities of the project.
If I see significant potential for a project in the future, I will not hesitate to participate.
Aside from the crypto ecosystem, I recalled an incident in the traditional tech sector.
When GPT was recently introduced, a tech media I often followed confidently stated in a private space that Nvidia was a good stock. They couldn’t predict the short term, but they were sure about its long-term prospects. GPT required massive computing power, and Nvidia’s chips were in high demand for that. With the advent of GPT, the arms race in artificial intelligence began, indicating Nvidia’s dominant position in the market for the next few years.
Why hesitate when it comes to such a company?
As the discussion unfolded, someone questioned: Nvidia’s stock is almost $300 now, having tripled in value since 2022, and increased tenfold since 2019. Is there a bubble at this price in 2023?
The tech media host responded, “Tech investments are about the future. AI is a vast blue ocean market, potentially surpassing Nvidia’s current market volume. So, looking ahead, Nvidia’s stock still has significant potential over the next few years.”
To everyone’s surprise, a little over a year later, Nvidia’s stock price soared from less than $300 to over $1200.
At the time, I had doubts about investing in individual US stocks and focused on the crypto market. Although the comment left a deep impression on me, I did not act on it.
Seeing this comment reminded me of these past events. They illustrate that a truly good project may have already made substantial gains compared to the past, and its future growth may not be as high as before. However, for the average investor, it may still outperform most assets and have strong investment value.
Therefore, instead of worrying about being ahead of the curve, we should focus more on whether a project, when discovered, has the potential to outperform its competitors and continue to grow significantly. If so, it’s never too late to get involved.
