"COMP, the former king", after two years of volatility, can it still be deployed?
COMP, as a hot currency in the third wave of the bull market in the cryptocurrency circle, was once no worse. At that time, it was also a hot star currency in the defi sector. Its violent pull-up method was not inferior to any currency. However, the former king will also have an iterative relationship. The current cryptocurrency circle is developing rapidly. Any project team that stagnates will weaken rapidly. This is also the biggest difference between the cryptocurrency circle and other industries. Whenever a bear market comes, if you have the idea of "falling in love" with a certain currency, you will be hurt to death, because 90% of the currencies in the cryptocurrency circle cannot survive a bull-bear cycle. Even if they survive, they are just hanging on to new lows. Therefore, at any time, when speculating in the cryptocurrency circle, you must be prepared for the worst. If you can't accept this result, you must avoid it in advance. From the weekly line, comp has been fluctuating for a full 2 years. All kinds of "painting cakes" in the past have become the past. Those who are trapped can only lie down and choose to let it go. The only expectation in their hearts is: I hope that the next bull market can make a profit. There are more and more newcomers in the current cryptocurrency circle, and they all believe everything they hear. The market will go up in a while. If the price rises for a few days, it is considered a bull market. If the price falls for a few days, it is considered a bear market. This fickle view seems to make sense, but it is worthless for your personal growth and gains. Don't always focus on the price of the currency. Looking at the current market will only add troubles because the burden in your heart is too heavy.
The market trend you expect will only consider the direction that is beneficial to you. This is how people are. When money is invested, all thoughts revolve around the results. Just like a couple has a baby, everyone focuses on the baby all day long, and parents think they are considering the family and the baby, while ignoring the feelings of both husband and wife. In the end, they complain and mourn, and the relationship breaks down. The baby, who originally did not want to be hurt the most, bears all the consequences.
Investment is the same. Only by doing well and improving yourself first can you get the best results. Otherwise, if you go in the wrong direction and focus on the wrong direction, the harder you work and the more you invest, the more heartbreaking the final result will be.
The currency circle is a bloody trial field. Every transaction must be cautious. When you think you don't understand the market, you must stop. Even if you miss it, you can't make a mistake.Because if you miss it, you will not make money. If you make a mistake, you will have to pay the price.
2024 has entered a new stage. The market has become confusing. The more chaotic the market is, the better it is for old hunters: 💰qun scab👀玮:1983211157 is the perfect time to fish in troubled waters. All opportunities come from troubled times. When things get chaotic, they change. When things get chaotic, they get connected. When things get connected, they get connected. Life is a practice. Cultivation: correction, and behavior: behavior. So practice is: constantly correcting your own wrong behavior.
The core of investing and making money is the same. If you don’t even know where you are wrong, I advise you to stay away from the currency circle.
