Grandpa checked in on the 96th day:
Today, Binance launched Magic. I have recommended this coin in the group before, but I left halfway and didn't get all the profits. Judging from the pace of launches in the bear market, Binance is still trying to find valuable projects. GMX and Magic are both on the Arb chain and are project tokens that have done something and performed well in the bear market. In the bear market, an important principle for bottom-fishing is to find valuable projects. The value can be reflected in various aspects such as business model, cash flow and team performance. Of course, speculation is also a part of it. The main basis for speculation is that the main players will participate, and the dog dealer will pull the market.
In fact, in the past few years of the epidemic, a very serious social phenomenon caused by the economic slowdown is the prevalence of speculation. For us, after a group of people became rich in real estate in the early years, many people have begun to notice that investment is a very important thing, which has indirectly led to the prevalence of financial management such as p2p. In recent years, as the business environment has deteriorated, everyone has gradually discovered the difficulty of real investment. In addition, the asset bubble pushed up by the Fed's flooding in 2020 is hard not to think about how to invest or speculate.
Now that the flood has receded, I have discovered that the easiest buying and selling operations do not directly bring wealth, but may instead sweep away one's wealth. In my opinion, investment and speculation are likely to be mixed together. No matter when, it is important to buy projects from an investment perspective, especially in a bear market. Of course, for many people, buying a project is actually optimistic, and there are few speculations on short-term prices. This is when a person's judgment ability is tested. In the current bear market, I will give as many references to value projects as possible, and will also list some speculative projects. Just allocate the funds well.
