Forward: A coin friend's self-narration:

When we choose Web3 as the field for future development, how can we better gain a foothold in this field?

Share a comprehensive view:

Don't enter this circle with the mentality of speculating in coins. This industry seems to have many opportunities to make money, but in fact there are not so many. I have heard of a saying before that there is a pyramid model for making money in this field. The first is to gather together to do projects or plates; the second is to do VC investment; the third is to do arbitrage and quantitative strategy traders; the fourth is to do investment after investment research; the fifth is to hoard coins. My own experience is that those participants who often speculate in coins may not have a high rate of return. On the contrary, traders who do arbitrage and quantitative strategies and investors who foolishly hoard mainstream coins will have a stable rate of return. The former is because of professional ability, and the latter is because they believe that mainstream coins such as Bitcoin have long-term value that can cross bull and bear cycles. Therefore, in Web3, for most people, having a continuous and stable rate of return is far better than frequently speculating in coins to fight for a high risk and high return.

Judge people with the greatest kindness. Web3 is a relatively mixed field. Since everyone has different purposes for entering the market, and since many communications and collaborations are based on virtual online methods, the cost of trusting people or projects is relatively high. If you have found a team that you can work with for a long time, then congratulations, you are lucky. If you haven't found it yet, it doesn't matter. In the process of communicating and trying with different people, although you will encounter some disappointments, you will find like-minded partners to do something with you in such an experience. The more liquid and trust-cost-intensive the field is, the more you should judge people with the greatest goodwill.

Do Your Own Research. This is the most widely circulated phrase in Web3, and it is recognized by everyone as a very valuable suggestion. Because there are all kinds of people, speeches, opinions and information in this field, when we judge people with the greatest goodwill, we also need to form our own independent thinking and judgment in a dazzling environment, so as to form our own thinking mode and professional investment methodology. Please remember, don't be kidnapped by emotions, don't be kidnapped by others' CX, everything needs DYOR.