Let me share a knowledge point. A bear market is actually not suitable for trading platform coins on exchanges. This is the same reason that A-shares should not be greedy for dividends and buy bank stocks. It seems that platform coins have profit repurchase, new creation, and rights.

But it is easy to make profits and lose principal. How many of the former leading exchanges have gone cold, such as Fcoin, FTX, ZB, Mentougou, Yunbi, AEX...

And even if it does not return to zero, the leading exchange may not always be able to secure its position.

The right time to invest in platform coins should be at the beginning of the year. Just like brokers, platform coins will benefit from the explosion of new assets. Correspondingly, Xiong Chu should sell the platform currency

Another pitfall is not to be superstitious about PE. In the second half of 2020, I tracked the three major PEs (destruction is counted as profit). HT is about 3-5 times PE, BNB is about 15 times, and OKB is 25 times+. However, the final performance Is BNB>OKB>HT

After the review, the result of looking only at PE is to use a one-stage dividend growth model instead of a two-stage or higher-order model, ignoring the impact of growth rate, especially the layout of BN labs in the bear market, which will bring BN higher than Market average growth rate