I see many people talking about currency and they start with its background, technology, the founding team’s resume, the problems it solves, who it cooperates with, etc.
Then you look at the fundamentals and think they are very good. When you ask others, they also say they are very good. So you buy it, but you lose money.
Fundamental research is an extremely difficult topic. You have to work hard to make money from this aspect. It is not impossible, but it is a very difficult thing.
Fundamental reports written in a sell-side market are generally optimistic. The information you get is definitely biased.
Fundamental research must be accompanied by the dimension of time in order to gradually show the money-making effect.
Short-term money-making behavior is based on long-term fundamental money-making models. This is one of the biggest contradictions.
If you study the fundamentals and make money in a short period of time, I can say with certainty that this is not due to the fundamentals, but to short-term market sentiment.
The core of value investing that is really worth studying for ordinary people is the dimension of time and one's own ability to make money, rather than the fundamentals of the company.
The stronger the ability to make money off-market, the lower the weight of the investment valuation can be reduced. It doesn't matter if you buy it at a higher price, you can afford it.
If you take the wrong path, it will be very difficult to make money.
Because there are times when the market is extremely irrational. Sometimes prices are terribly high, and sometimes they are terribly low.
If you have money, you can get through this irrational period. Most of the losses are due to a period of irrational market conditions.
You can’t study the fundamentals of a general project industry thoroughly. If you haven’t immersed yourself in an industry for 3-5 years, and you want to understand the future development of this industry by reading a little information, you are just following the crowd. Understanding an industry thoroughly is like earning a bachelor’s degree.
However, when investing in a good company, there is no need to research its fundamentals.
Countless smart people have done the research for you, and they have voted directly with their money. What you really need to consider is your time and ability to make money.
You don't need to study Apple or Tencent. It would take too much time to fully understand their industries. It is enough for you to know that they are indeed profitable.
You can’t deceive yourself to make money, but you need to truly understand it. Many people just listen to what others say is good.
If people say this is good, he will spend money to buy it. If people say that that is not good, he will not buy it.
Then you will definitely lose money.
The fundamental research of the cryptocurrency circle is even more nonsense. Does BTC need to study any fundamentals?
If you want to thoroughly understand the fundamentals, it will take a few more years to expand your knowledge. I mean truly understand them, not just what others say.
Anyway, for me, it is enough that I have thoroughly understood that BTC can be used as a store of value, is easy to carry and cannot be deprived by huge profits.
As for other cryptography, economics, and topology, forget it. I might as well read novels to entertain myself. I am not capable enough.
As for why it cannot be deprived of profiteering, I don't know. But so many people have voted for a long time, and the conclusion of smart people for a long time is my conclusion. Making money is standing on the shoulders of others. I know my own ability, so why bother to study these.
I studied how to make more money off-market and buy more. I think this is more suitable for most people, and I do the same myself.
If you try hard to study the information given by others and the fundamentals of other copycats, you are embarking on a wrong path.
They haven’t even started to understand the basic logic of how to make money in the cryptocurrency world.
I am writing this today to let you get started with the way to make money in the cryptocurrency world. This is my selfless contribution.
To make money in the cryptocurrency world, you need to study human nature and emotions.
Human nature is to study your own mentality towards the rise and fall of the currency, whether you can restrain greed and non-greed, fear and non-fear. You must be able to restrain all four.
You can taste it carefully. There is also the human nature of others, which is the biggest fundamental that you must study if you want to make money in the cryptocurrency circle.
Emotions are the emotions of the market. When are they rational and when are they irrational? Why do emotions exist? How long can they last? What stage are they at now?
Emotions are brought about by funds. Everything can be faked, but the fund data that comes from emotions will not be fake, such as an increase in lending rates, an inverted price of u, and so on.
You must know whether the price is high or low, so that you can buy low and sell high.
These are all micro-reflections of market sentiment. There are many more, and you have to study them yourself.
Anyway, if you can focus on these two research directions, you will basically get results.
Don't study the fundamentals of the currency, don't study it, you can't make money. Even if you make money, reflect on it when you go to sleep and think about whether it is caused by the market boom, luck, or market sentiment.
Before you buy a meme coin, you should first study the fundamentals, who invented it, who narrated it, and what good news it has. That is a waste of time. When it rises, all you see is good news, which tricks you into buying it. When it falls, all you see is bad news, which tricks you into selling it. That is a waste of time.
Prices trigger news, not news triggers prices. If prices don’t rise, isn’t it useless to send news? No one will send news. Every good news is a resource. Don’t get the causal logic wrong. If you get it wrong, you will be the one being harvested.
If you make a mistake, you may not lose money in the short term and may even make a lot of money, but you will definitely lose everything in the long term.
If you do it right, you may not make money in the short term, but you will definitely make money in the long term.
If you like spot or contract, no problem!!!
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