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About ORDI's investment journey
Yesterday ORDI hit an all-time high, reaching a high of $96.
When we were talking to friends last weekend, we also happened to talk about ORDI and some of the clips from my involvement with ORDI last year.
I joined ORDI at the end of April and the beginning of May last year with a skeptical attitude.
After participating, when chatting with friends about new things, I mentioned ORDI and Bitcoin inscriptions. However, I was very cautious when talking--- mainly because I was not very sure about this new thing.
On the one hand, at that time, the player base of ORDI was just beginning to form, and the inscription technology was still being criticized due to some obvious problems, and on the other hand, I was more optimistic about another protocol (Bitcoin Stamp) at the time, thinking that inscriptions were probably just a transition.
That's why I try to talk to my friends about ORDI only about technology and avoid talking about price. I'm worried that a discussion about price will mislead a friend into buying something that ends up being worthless.
Soon, however, ORDI entered a number of exchanges, and its price soared to more than $20. I subconsciously think that this price is too risky, and whoever buys at this price does not know how long they will have to stand.
At that time, there were also some KOLs on the Internet who were optimistic about the future of ORDI, shouting hundreds of slogans. In response to those remarks, I jokingly thought that even if ORDI could rise to $100, it would probably be at the craziest and most irrational of the market at the end of the bull market.
Later, the market fell into a deep correction, and ORDI fell to a minimum of about $3. At this point, I think it's great that the price can break through the previous high of $20.
At that time, the price of bitcoin had fallen below $30,000, and according to my estimate of bitcoin at the time, bitcoin could rise to $100,000 during a bull market, which is about a three-fold increase from 30,000 to 100,000, and if ORDI can recover to its previous high of $20, it will also be seven times from 3 to 20.
For a copycat, such an increase is also very good.
Later, in November, the inscription ecosystem began to explode on a large scale, and ORDI exceeded $80 in that round.
After that, in the following January pullback, ORDI fell to about $56 at the lowest, and Bitcoin fell to about $50,000 during the same period.
Now, when ORDI hit an all-time high of $96, Bitcoin briefly surpassed its all-time peak of $69,000.
If we calculate from the round of correction in May, the ORDI has risen from $3 to $96, an increase of 32 times, and the increase of bitcoin over the same period is about 2.3 times.
If we calculate from the round of correction in January to the present, the ORDI has risen from $56 to $96, an increase of 1.7 times, and the increase of bitcoin in the same period is 1.3 times.
Judging from these two comparative data, ORDI can always be regarded as Bitcoin's leverage, but the leverage effect is weakening.
However, considering that ORDI and Bitcoin have both broken through the previous highs, this means that their imagination space has been opened up in the next bull market, and the upside has been completely opened.
I'm looking forward to seeing what kind of miracle ORDI will create in the next market.
Looking back on these clips, I once again realized the unpredictability of the market. For good targets, the market is likely to give surprising and unexpected returns.
Therefore, for good targets, especially those bought before the arrival of the bull market, we try not to sell them before the bull market, but to get the bull market climax and then sell them for profit.
Luckily, I was able to hold on to the chips I had bought and witnessed the miracles that ORDI had created along the way.