Play with people who are better

For most people, finding someone who operates more and has more money than themselves in the corresponding field, and then directly copying him is the shortest path to success.

This is a seemingly low theory, and I tried to refute it when I was young.

For example, wouldn’t we all become salted fish?

The truth is that learning is inherently plagiarism. If you don’t get the basics first and solve 90% of the problems, how can you talk about innovation.

This is true for learning, the second generation of rich people, the second generation of officials, self-media, and other entrepreneurship.

What we are looking for is stronger people or stronger groups.

For the crypto market, there is such a group of people - on-chain users.

The number of on-chain users is only about 1/20 of that of secondary market users, and the vast majority of leeks fight directly in the secondary market.

- First, we exclude those players who do not know how to use on-chain transactions, and choose to look at those who have basic knowledge of blockchain transactions. They can at least use on-chain transactions, or even more skills.

- Second, whales will almost certainly choose to execute on-chain transactions themselves, and we can try to track them.

On-chain transaction data reflects the movements and choices of this relatively small group of people who understand blockchain better and have more money (whales), so we have to look at it.

Full transparency

I won’t go into details about technical analysis and fundamental analysis, but I have my own supportive lines for both of them.

However, if we only use these two analysis methods, it would be a shame to the "decentralized" and "full transparency" characteristics of cryptocurrency!

The biggest difference between cryptocurrency and traditional financial products is that all transaction data and information are not locked in centralized exchanges, but are publicly available on the blockchain!

Each of our investors and traders can directly track the interaction between each wallet, exchange, and DeFi project through Etherscan and other platforms. After the on-chain data is analyzed through different models, the dynamics of the chain can be clearly seen at a glance, which can serve as a reference for investment decisions.

#WIF #sui $BTC It's still early

On-chain data will undoubtedly be an important analytical indicator for investing in cryptocurrencies, and this discipline is an emerging field. Currently, research on on-chain data is still in its early stages and learning resources are limited.

In the future, when large investment institutions and private funds begin to invest in cryptocurrency, the value of data on the chain will be even more evident. Because in the current global investor market, less than 1% of investors have “on-chain data analysis” and interpretation capabilities, but on-chain data is an important reference indicator for trading Bitcoin and cryptocurrency.