In fact, since the opening of trading on January 4, AI has become less popular on social media. As a trader, only when time is extended can the thinking about trading be more holistic. After the launch of $AI , many people began to criticize this project. There are two views: on the one hand, the transaction price is not as good as expected, and on the other hand, everyone is hypocritical. Isn't it good to stake stablecoins and $BNB mine and withdraw for free? Why do you have to take over the secondary market? Isn't this stupid? Even though I have airdropped more than 20,000.
First of all, as a trader, the huge traffic brought by this new project, the AI concept and name, as well as the PUA of the project, the accumulated differences in a large number of trading expectations will bring great trading opportunities and profitable space.
The first transaction price is lower than expected: The first thing you should think about is what your trading expectations are. This is also why I have always distinguished what is information and what is a signal, determined trading expectations, and analyzed risk selection preferences. If you only see the name of AI, it is okay. Da Ge said that BN invested in AI game concept. The opening price of X U is 4000%+ green. If you have this expectation, you may need to pay some tuition. I think the pricing of unlisted coins needs to be judged from the price aspect.
1.ai has received financing from Folius Ventures, Foresight Ventures, and Binance Labs. We cannot know the details of Binance's investment, but we can see that Folius Ventures first invested $200 million, and then FV and Binance raised funds. So in terms of total market value, the initial institutional holding cost is $0.2. Folius Ventures invested in cyber and running shoes, which are all Binance's Launchpad projects, and their trends and market values can be used as references.
2. The cost of borrowing bnb in Launchpad. According to past statistics, the income of bnb participating in Daxin is above 2.46%. If you do not hold bnb and borrow bnb, the income is 0.6%-1%. The opening price should be above $1.5. In this regard, many OTC group transaction prices are also between $1.5 and $2. I think this is also the pricing basis of the OTC.
3. Other information on obtaining AI tokens. Airdrops and staking NFTs, etc. The interaction cost of airdrops is more than $0.86, and the loss is more than $0.9 (the information was told to me by the Mao party, not verified by myself.)
To sum up, the strategy I finally decided on was to bet at 1.4 or 1 dollar. The actual cost was 1.2 dollars. Because the opening price is a transaction matched by the order book, and the exchange or other factors have great pricing factors. If the cost is lower than the calculated cost range, it will reduce the expectations of the strategy.
I think this opening price is the reason why many people scold AI. Recently, @_RichardTeng, the new CEO of Binance, has performed the IEO continuously. It is a good thing for the freeloaders and stabilizes the price of BNB. As the person in charge of the operation of the same company, I should think from another angle. If a person is impotent, taking medicine once can revive his virility. If he is impotent after taking it three times in a row, he might as well be impotent. If BNB's earnings deviate from the original expectations after many times, then BNB's lending behavior and holding cost expectations (I don't know when IEO will take place) will be revised and adjusted downward, and futures trading will only occur when IEO is approaching. The expectation of long-term holders is that the bull market outbreak will bring users to BNB, but these are not so certain for traders. People will compare and @cz_binance's helmsmanship. When other major exchanges are like wolves and tigers, they will not only retreat.
It seems that this is the stage where we should finish pretending and end the article. However, when traders hold positions, they will consider many variables.
1. As @hebi555 said, the AI website was built on December 26, and the website started IEO a few days after it went online. You can use Google inurl to find that the date of the website and media is December 28. The institutional financing time is also on the 26th, so the risks of new projects need to be considered, but the spot trading volume is there, and it seems that it is not so important to have transactions. There are many speculations, which only brings credibility problems to Binance.
2. The uncertainty of the market maker. Some people rumored that it was DWF. From the on-chain behavior, the market maker did not go through the chain, but directly charged coins at the exchange recharge address. The probability of Binance manipulating the market is higher, but Wintermute is also possible, which needs to be observed.
3. The other few listed contracts the day after spot trading. They maintained a daily trading volume of 100 million in the first few days after listing, and have been listing contracts since Monday this week. It may also be that BN is observing, and there is a certain probability that they can trade on their own.
If I sell it, I can truly secure the profit. I can even go to sleep now. Selling part of it at 1.67 can be considered as closing the book. I will find time to write about it.
