A veteran in the cryptocurrency industry said: I was too cautious and missed the WaykiChain private placement period. I feel a little sorry but I don’t regret it.

Near the end of the year, WaykiChain has become a hot project in the cryptocurrency circle. Almost everyone is paying attention to it and discussing it. I should be one of the first people in the cryptocurrency circle to know about this project. But in the end, I still missed its private placement and public pre-sale period. Fortunately, its public sale period is on January 2, so there is still a chance.

As a veteran in the cryptocurrency industry, this is indeed a pity, but I have a good attitude and I don’t regret it. Today, I will share this experience with you, hoping it will be helpful and inspiring to you.

My experience and experience in the cryptocurrency circle

Let me first talk about my experience in the cryptocurrency circle so that everyone can have a rough understanding of me.

Actually, I entered the cryptocurrency circle quite early. In 2013, I remember that the price of Bitcoin was 600 yuan and Litecoin was about 30 yuan. I made some money at that time. Later, I accidentally learned that Yuanbao coin had soared, so I entered the market decisively. I didn’t expect to be the buyer, and I lost a lot. Later, I played with many coins, and experienced thousands or tens of thousands of times. Of course, I also fell into many traps. Later, like many people, I also experienced the long bear market of Bitcoin. Fortunately, I made my first and second pots of gold in this field. This is why I am still active in the cryptocurrency circle.

As an "old leek" in the cryptocurrency circle (I entered the circle early, and it is difficult for others to cut it when the leek becomes old, haha), I have formed some unique investment philosophies of my own. First of all, never put all your eggs in one basket. Take me for example, I will never invest more than 30% of my assets in any blockchain project, no matter how reliable the project is. Generally, it is 10% or 20%. After being in the cryptocurrency circle for a long time, you will know that security is the most important thing. If you keep the green mountains, you will not be afraid of running out of firewood. Secondly, you must have a good attitude. Once you are optimistic about it, you should hold it for a long time, so that you can earn 10 times or even more income. Because no matter how reliable the project is, it is normal for it to rise and fall sharply in a short period of time. So once you have selected the investment currency after your own screening, don't pay much attention to the price. The reliability of the project is closely related to the development progress of the subsequent development team. To put it simply, that is, whether the project progress written in their white paper is being realized step by step. Pay more attention to this.

At this point, everyone should know that I am a cautious investor with a relatively stable investment style. I am not a radical investor who goes all-in at every turn. Because in the cryptocurrency world, I have seen many people who go all-in and then lose everything. This cautious style is reflected in the choice of projects, that is, I will not easily invest in cryptocurrency projects.

Let me reveal that I have the following criteria for project screening for your reference and discussion: 1. How is the technical team? How well-known is it? Do they really understand blockchain technology? 2. What is the background of the founder? Is his identity public? Is it true? 3. Are there any pioneers who can solve the problem that this currency is going to solve? Can the existing problem really be solved? 4. Is the project profitable in reality? These are really very important.

I did some research on Wikichain

Back to the WaykiChain project itself, I knew about it before their private placement period started. To be honest, there are not many reliable projects this year, so after knowing about this project, I immediately collected information from all parties according to the above standards and conducted an investigation on this project.

First of all, in terms of technology, WaykiChain’s core technical team includes Mr. Huang Lianjin, a blockchain expert. I searched on Baidu and found him to be very good. Liao Wei, a senior blockchain technology developer, is known as one of the founders of China’s Ethereum Smart Square. They are indeed technical experts and are well-known in the industry.

Secondly, the founder, Sun Yonggang, is known as the "Godfather" in the industry . He also started investing in digital currencies in 2013, which is about the same time as I entered the industry. Of course, his hand is much bigger than mine. He has led the team to fight in the cryptocurrency circle for a long time and has made a lot of money. Therefore, he has many followers. One of my friends in the cryptocurrency circle has been following him in the past two years. The industry reputation is quite good. At the same time, I found that Huang Tianwei, the founder of BitTimes, is the general consultant of Wikichain. As far as I know, Huang Tianwei is very cautious and has a great reputation in the industry. He has hardly participated in any blockchain projects in depth before. In this way, the reliability of the project has increased a lot, and it also indicates that the currency can be listed on the exchange soon.

At the same time, from their public white paper, WaykiChain uses the betting industry as its entry point for application. The pain points of the betting industry are very obvious, and blockchain technology can perfectly solve these industry pain points. There is no precedent for the application of blockchain technology in this industry. WaykiChain is the first to combine blockchain technology with the betting industry. The betting industry market is large enough, and with the stimulation of the upcoming World Cup, profitability is not a problem.

So, the result of my investigation is: vote.

I never expected that the private placement quota was fully booked in one day! The public pre-sale was sold out in seconds!

What happened next only proved how accurate my judgment was.

I never expected that their private placement quota was fully booked in just one day. I asked their customer service, isn't the private placement period 6 days? How come there is no quota in just one day? The customer service repeatedly told me that there is no quota.

Then just wait. I also didn’t expect that the public pre-sale start time on their official website was 18:00 on December 25th, and this time it was sold out in seconds . It only took a few minutes and it was gone again. The public pre-sale period was missed perfectly again.

The public pre-sale was sold out in seconds. This is the only cryptocurrency project I have come across this year. I think it is probably the most popular blockchain application project in 2017.

In fact, the reason I missed the private placement and public pre-sale of WaykiChain this time was mainly due to my cautious investment style. It is a pity to miss it, but I don’t regret it. Because everyone has their own investment strategy, and this must be adhered to. Although there will be some small regrets in the short term, in the long run, it is definitely right.

This requires a good attitude. After working in the cryptocurrency circle for a long time, you have to see through many things. You can't catch up with all the skyrocketing currencies, and you can't lose all the currencies you invest in. The key is to identify the right projects and be prepared to hold them for a long time. Don't worry about gains and losses, and don't get in and out quickly, which is a taboo.

Besides, there will be more opportunities for the WaykiChain project in the future. The WaykiChain public sale is on January 2. This time, I will definitely not miss it again.

To be honest, people in the cryptocurrency industry should all feel lucky. Because we entered this industry earlier than most people, and the latecomers will push us forward. The big bull market in this industry is still far from coming. Therefore, we are the lucky ones of this era.

Finally, I hope everyone can achieve financial freedom in the cryptocurrency world.

This article only represents the author’s personal views!