Author: Blockchain Insights
In the comments section of the article the day before yesterday, there was a comment that caught my attention: “Are you late to the party with Shitcoin?”
Reflecting back, I realized that in the world of cryptocurrency, the investments I have been most satisfied with were all made after the fact.
I first heard about Bitcoin in 2013, but back then, I thought it was a pyramid scheme. When I learned about Ethereum, I ended up investing more in EOS and Ethereum’s “killers.”
I came across crypto punks at the end of 2017 and the beginning of 2018. However, at that time, I found them unattractive compared to the cute and fun CryptoKitties. I was more willing to spend money on a bunch of CryptoKitties than on a single crypto punk.
When Bored Ape Yacht Club was about to launch, I visited their official website, but I couldn’t figure out what the project was about. It didn’t seem meaningful to me, so I quickly moved on.
I had heard about Bitcoin Maximalism early last year, but at the time, I didn’t see the value in the technology or the associated assets.
However, I ended up participating in all these ecosystems and reaped satisfying returns from them. Looking back now, the most valuable lesson I learned from these experiences is this: once I believe in the value of a project, I immediately discard my old views, don’t dwell too much on the past, and don’t get stuck on thoughts like “Why didn’t I buy in when it was only XXX? Should I buy now when the price is so high?” Instead, I look ahead to see if the project still has enormous growth potential and room for development in the future.
If I believe that a project still has significant potential for growth in the future, I will not hesitate to get involved.
Apart from the crypto ecosystem, I recalled an incident in the traditional tech field. When GPT was first introduced last year, a tech media platform I frequently followed confidently stated in a private discussion that Nvidia was a good stock. While he couldn’t predict its short-term performance, he was sure that Nvidia’s long-term prospects were promising.
Because GPT requires significant computing power, Nvidia’s chips are essential. The emergence of GPT marked the beginning of an AI arms race, indicating that Nvidia, as the dominant player, would undoubtedly monopolize the market in the coming years.
With such a company, what is there to hesitate about?
However, someone in the room immediately questioned: Nvidia’s stock is nearly $300 now, having tripled in just over a year since 2022 and increased tenfold since 2019. Isn’t the current price a bubble?
The tech media host responded at the time: tech investments focus on the future. AI is a massive untapped market, potentially exceeding Nvidia’s current market size. So, looking ahead, Nvidia’s stock still has significant potential over the next few years.
Surprisingly, just over a year later, Nvidia’s stock price had soared from less than $300 to over $1200.
At that time, I had doubts about investing in individual US stocks, and since my primary focus was the crypto market, I didn’t act on this insight, even though it left a deep impression on me.
Seeing that comment brought back all these memories in my mind. They simply illustrate that a genuinely good project, even if it has already shown considerable growth compared to the past, may not experience the same high returns in the future. However, for the average investor, it may still outperform most assets significantly and remain a worthwhile investment.
Therefore, when evaluating a project, we shouldn’t worry too much about whether we were early to the party. Instead, we should focus more on whether, when we discover it, it still has the potential to outperform its competitors and continue to show significant growth. If it does, getting involved now is still a wise decision.