1 Will Ethereum sink like EOS?
I think Ethereum and EOS are two completely different products.
There is something wrong with EOS in its genes; it is not a real blockchain.
Now everyone's concerns about Ethereum are mainly focused on this round of price increases. But I have expressed my views on this point in many articles.
Although I am very sorry about this, I have no doubts about the long-term development of Ethereum (at least for now).
2. When the profit doubles, is there an exit strategy? Can the exit strategy be strictly implemented? Greed at this time is very scary.
For investing in cryptocurrencies, I will not use a strategy of exiting when profits double.
Before buying a cryptocurrency, I will be very cautious and consider whether I understand its highlights or if I have a special feeling for it if I do not understand it.
Once I decide to buy a cryptocurrency, as long as its fundamentals and team have not deviated from my expectations, I will hold onto it until its price seems very unreasonable to me or I no longer understand it before selling. When I plan to sell it, whether its price has doubled is not a factor I consider.
If the fundamentals and team of the project deviate from my expectations, I will sell it immediately regardless of its price.
Writing this reminds me of a viewpoint I expressed during an online discussion when answering a listener's question last time:
When investing, I generally completely ignore small price increases, such as 20% or 50%. Such increases are not my investment goal.
If it's for this kind of price increase, it would be better to do business and buy and sell.
For any investment target, the minimum goal is to double. If there is no potential for doubling returns, I simply will not buy such targets.
In the crypto ecosystem, this target will be somewhat higher.
For the time frame to reach the target, I have different ideas for different types of investment products:
For cryptocurrencies, my general expectation is to achieve a set profit target every four years;
For the stock market, my general expectation is to achieve a set profit target every ten years.
As for the execution of investment strategies, I consider myself to be competent, as long as I strictly execute once I reach the set target, and I generally do not linger.
3 About investing in gold
I have some allocation in gold, but the position is very small.
I tracked gold information for nearly ten years, and my overall feeling is: gold is mostly in a silent period, fluctuating only within a small range. However, when a bull or bear market for gold arrives, it can last for a while.
For investors to earn substantial returns on gold, they either need to accurately control the bull and bear cycles and have lasting patience during a bull market; or during the silent period, they need to use financial instruments and leverage to amplify price fluctuations.
Compared to gold, I still believe that if investors have the energy and time, it is better to study their familiar areas in risk assets (such as the stock market and cryptocurrencies) to find better opportunities in these areas with much larger growth potential.
Human society has completely entered the technological era. In this era and the future, the industries that can continuously create massive wealth for all humanity will definitely be led by technology (including cryptocurrency technology).
So I will still look for opportunities in any investment field related to technology.
