If you want to make money in the cryptocurrency circle, "valuation only, not prediction" is very important, but the valuation here is actually not the valuation of the fundamentals of the project in most cases, but the emotional aspect.
The valuation of the cryptocurrency circle is actually: estimate how long and how far the narrative can spread, how much money will be invested by most people, estimate which link you are in, and estimate how much position can be supported by liquidity...
If Buffett knew that I used valuation in this way, he would shake his head.
