Which tokens are worth dollar-cost averaging｜Q&A

1. What do you think about the new protocol ACP launched by Virtuals?

What I like about this protocol is that it uses smart contracts for communication between AI agents, ensuring censorship resistance and enforceability of communication. I believe this direction and the use of blockchain technology in this way is correct.

However, whether this protocol will ultimately become popular remains to be seen, as there are many other factors beyond the technology itself that can influence a protocol's popularity.

Setting aside the protocol itself, in such a bleak overall environment, this team continues to build and innovate, which is rare in the crypto ecosystem.

I have been closely following the construction and development of this team.

2. Are ORDI, AR, and DEGEN still worth dollar-cost averaging? Is the Trump token worth dollar-cost averaging?

I have never dollar-cost averaged ORDI and DEGEN; I have only bought them, and I won't dollar-cost average. I have not dollar-cost averaged AR again; I remember writing about this in previous articles.

I have never bought the Trump token, and I won't dollar-cost average it. Although it is a major meme coin, I don't see a strong narrative behind it; it only has the effect of being a celebrity and the associated emotions.

3. I see that all the developers of ai16z have sold their tokens. Do they not have confidence in this project anymore? Should I continue to hold this token?

I haven't checked whether all their team members have sold their tokens. If they have, it generally indicates that they themselves may not be optimistic.

At this point, as an investor, if risk avoidance is the primary consideration, it might be wise to sell.

As I write this, I suddenly recall an interesting experience shared by Dan Bin in "The Rose of Time" regarding holding Tencent stocks, which left a deep impression on me, and I’d like to share it with everyone.

After Tencent went public, it faced several significant shocks, during which the relatives of Tencent's senior executives were selling off large amounts of Tencent stock.

These individuals were definitely "insider controllers."

Logically, if these relatives are selling, they must know something that others do not, right? Their actions must be correct, right?

However, Dan Bin insisted that Tencent was valuable and continued to hold.

In hindsight, including those "insider controllers," no one could have predicted the remarkable performance of Tencent's stock price today.

Thus, Dan Bin arrived at a very interesting conclusion:

As investors, sometimes we need to have a deeper and longer-term vision than entrepreneurs; we need to see what entrepreneurs cannot see and think of scenarios that entrepreneurs do not consider.

The purpose of sharing this story is not to say that AI16Z is Tencent, nor to suggest that everyone should not sell AI16Z, but to highlight that sometimes the development of a project can encounter unexpected situations that the founding team did not foresee.

I believe it is crucial to focus on whether the team itself is still continuously building and innovating at this time.

Of course, ultimately whether to sell or hold this project's token depends on how investors judge the project and whether they have confidence in it.

Additionally, during this time, I often think of Duan Yongping's recent comments about Nvidia, reflecting on the project's barriers to entry and "moat."

Looking at AI16Z through this lens, I feel that although it is currently very popular and is a leader among AI agents in this round, I still have a sense that while framework projects are indeed good, I can't quite see where its barriers to entry are, or I feel that competition in this category of technology will be very fierce.

If a leading project eventually emerges in this niche, the currently leading project may not necessarily be the final leading one.