1. Vision & Belief.
- Without vision into the future potential of crypto, without belief that $BTC will reach $1 million, it will be difficult to have the motivation to exist in the market.
2. Psychology & Reason
- Strong mentality to overcome difficult times, alert mind to escape pitfalls.
3. Experience & Knowledge
- If belief is not based on knowledge and understanding, it is a vague belief that must be understood. From there, belief and words can shape the vision. That is a well-founded belief. Experience will tell us what to do at each moment. Having experience will help us have a panoramic view of the past, as well as insight into the future.
4. Tactics & Thinking
- To win, perhaps the above 3 factors are enough, but to win big, to maximize profits, it also depends on tactical acumen, for example, taking profits, cutting losses, buying and selling. From time to time, the way capital is deployed, allocated, rotated, rolled up... this is partly due to existing talents, qualities or efforts to learn.
- However, sometimes you don't need to be too perfectionist or greedy, you don't have to win a lot, you just need to win to survive for a long time, long enough will be enough. So I still emphasize "strategy" over "tactics". But if you get it all, even better.
* Of course, the first thing has a big impact on the second thing. And the second thing will determine the third thing. And if the 3rd thing is done well, it will strengthen the remaining factors.
There is a lot of knowledge, but in terms of pure retail investors (not including KOLs, brokers...), there are several types as follows:
+ Type 1: Don't know anything
+ Type 2: Half knowing
+ Type 3: Understand
+ Type 4: xxxx
* Current research schools are divided into 3 types:
1. Fundamental Analysis (FA)
2. Technical Analysis (TA)
3. On-chain Analysis
Among them, in my personal opinion, PTCB is the most useful, and also includes a part of the remaining two schools.
If you have to choose 1 out of 3 to get the best investment results, look no further than PTCB.
It is not possible to use technical analysis to predict a new coin listed in a few days or weeks. Still have to rely on some PTCB factors to speculate. You can't just look at the chart and see that it's beautiful but ignore factors like unlooked tokens, news...
On-chain data is also quite vague, it is only a small factor to reinforce a statement. Not to mention that mastering on-chain is difficult, but even if you have studied and examined the standards, making standard judgments based on the data you have found is even more difficult.
So we still have to rely on valuation, project internals... to come up with the best buying area and investment strategy. That means we must use PTCB to judge. If you know PTCB, you don't need to know technical PT, On-chain is still possible. But knowing PTKT and On-chain, you still have to know PTCB.
But that does not deny its importance. For the present, if we take the 100% mark, the importance of PTCB accounts for 80%, PTKT 10%, On-chain 10% for the altcoin market alone. For $BTC alone, PTKT can account for 2-30%.
In the distant future, maybe PTKT will account for 30%, On-chain 10%. Currently, the crypto market in general is more like a financial market than a technology market. The financial market is operated based on human psychology, rather this is a psychological game. And PTCB to understand the value and potential of the project, thereby gaining confidence to buy and motivation to overcome trivial psychology and emotions to hold.
PTCB to look at the long term... only trust, patience, perseverance... will help us succeed in the future. It's not about sitting back and plotting whether tomorrow or the next hour the price will increase or decrease.
