Review of WIF trading journey: From luck to concentration, how did I turn $400 into $940,000?

AmQA...BeT9
7 Mar 2024
2

Seize both rising and falling opportunities, and look for opportunities when the market fluctuates.
Written by: Pika

Compiled by: TechFlow TechFlow

Recently, I relied on trading the WIF currency. I entered the market with $400 and exited with $940,000!

Many people ask me how I do it, and my answer is: seize both rising and falling opportunities, and look for opportunities when the market fluctuates.

After 2 full crypto cycles, I finally made a deal worth writing an article about. So, let's get started.

Phase One: Meme Hunting
At this stage, luck plays a bigger role than skill.

Of course, knowing where to look is crucial, but stumbling upon the right coin is more a matter of chance than strategy and skill.

Although Telegram, Discord or Crypto Twitter are great places to discover cryptocurrencies, when the information reaches you, there is a high risk of being rugted and hacked.

Fortunately, my previous venture into the Sol chain proved to be accidental.

While platforms like Dexscreener or Dextools are the first choice for many, they generally favor Ethereum. For Solana, I recommend the website birdeye .

My search started with a simple criterion: grab my attention within 1-2 minutes. The token name must be catchy, like a gem among many tokens.

So I went into the "Find Gems" section.

Among the countless names, one stands out: WIF, "dogwifhat."

A quick check of the market cap shows it's modest. Taking a closer look at the Security tab, everything seems to be in order. K-line chart? Bland, but okay.



Then a search of Twitter yielded: @dogwifcoin , along with a profile photo of a dog wearing a hat.

A smile appeared on my face. After scrolling through tweets and searching for the $WIF tag, I stumbled upon the legend of "dogwifhat."

At that moment, I understood. I have to invest, for better or for worse. With Sol's wallet low, I made two trades of $200 each, promising to come back and decide whether to add to my holdings once the price moved.



Stage Two: Climb to a new level
This is the story of how my $400 turned into a staggering $45,000.

Within days, I forgot about my investment. Then, one day, while I was minding my own business, I decided to take a peek in my wallet.

Lo and behold, there it was: WIF, shiny and worth $45,000.

My first reaction? Suspect. Could this be a glitch? I quickly checked the K-line table and found that the currency price had indeed skyrocketed. The @dogwifcoin account’s followers doubled and the number of holders soared. This is madness.

Intrigued by these topics, I found myself joining the WIF Telegram group, where the discussions never stopped. The chat was filled with stickers and pictures of dogs wearing various hats, prompting bursts of laughter from the group.



Everything is so simple, yet so fun. That's when it hit me: this meme is infinitely scalable. Just by swapping dog hats, the possibilities are endless (editor’s note: this is a community meme).

At that moment, I considered my $45,000 investment a great investment. With 2.08 million coins in hand, I decided not to invest anymore.

But alas, I still feel regretful. Why did I only invest $400? I could easily invest $1,000, $2,000, or even $4,000.

But such thinking is futile. I had to live with my decision and embrace the community I was a part of.

The third stage: the rise of WIF
From here, it’s a transition from luck to strategy.

With a balance of $60,000 in hand, I continued to research how doge, shib, pepe, etc. made huge gains,

It turns out there are only two ways:

You must be at the extreme end of the IQ curve (very high IQ or very low IQ)

You need to be rich enough to ignore a 60k profit

Realizing I was somewhere in between, I devised a simple yet precise plan: Sell at the highs and buy at the lows.

Pretty simple, right? Well, not really. Over time, the discussion surrounding WIF has intensified. Many KOLs took notice and its value soared to over $100,000. Under normal circumstances, I would withdraw money quickly. But this time, discipline is crucial.

Then came the horrific -70% drop that tested my resolve. I instantly regretted why I didn’t sell more.

The next two months were a tumultuous roller-coaster ride, marked by huge dips and exciting gains.

Despite the challenges, I remained steadfast and even survived a 70% drop in the price to $0.07.

Still, as WIF becomes a trending topic on crypto Twitter and its market cap continues to swell, I have my sights set on a lofty goal: $1 million or a spot listing on Binance



I strategically placed my trades in a frenzied market, selling incrementally as prices soared.

As the spot listing on Binance approached, I sold a lot of the remaining coins between $1.8 and $1.9.

Although I made $60,000 less, I made that money on other trades on WIF. (Am I really satisfied?)



Stage 4: What will happen if you hold it?
What would be the result if I took all the coins (2.08 million) to the end and sold them all for $1.90? It's about $4 million.

If you can do this, you are a god.

In the end, I entered the market with $400 and exited with $940,000 to take profit.

What if WIF goes to $4? What if it’s $10? Of course anything is possible. But I have a certain amount in mind, and I conscientiously implement and implement my investment guidelines!

How did I make a profit? I sold a lot of WIF and bought Sol when Sol was around $122-128.

I know that I am not a person with a super high IQ who can accurately predict prices.

I also know that I am not a person with a low IQ and can perfectly invest in lowering my intelligence.

Therefore, my advice is: seize both rising and falling opportunities, and look for opportunities when the market fluctuates.

Get fast shipping, movies & more with Amazon Prime

Start free trial

Enjoy this blog? Subscribe to Naser9

0 Comments

B
No comments yet.
Most relevant comments are displayed, so some may have been filtered out.