Several Investment Truths About the Crypto World
1. Prices must be driven up to offload
2. A high concentration of chips is a good thing; stakeholders have the motivation to push prices up
3. Technology is not the most important; what drives price increases is consensus
4. Speculative assets tend to rise more easily, as there is no valuation logic or reference assets
5. Staking is to lock in fluctuating chips
6. Most people underperform Bitcoin's gains in a bull market
7. New coins can rise high only if there are no trapped positions above
8. Most teams of old coins start new projects in a bull market instead of sticking to old ones; they lack the willingness to push prices, and trapped chips above cannot be moved either
9. Investments in the crypto world are full of 'stories'; no matter how good the narrative, a cycle will ultimately lead to disappointment, so one should not have blind faith
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