1. Narratives are not used for investing; they are used to “provide liquidity.” The loudest narratives are often when you most need to take over.
2. The biggest misconception among retail investors is missing a 100x opportunity. What’s truly missing is position discipline, stop-loss rules, and not over-leveraging.
3. You think you’re researching projects, but actually you’re researching emotions. Prices are more driven by sentiment than fundamentals.
4. Most people don’t lose due to cognition; they lose due to timing. Being timid when it’s time to be aggressive, getting overexcited when it’s time to retreat.
5. The bear market is the easiest time for “fund safety accidents.” The less liquidity, the more black swans, more phishing, authorization, malicious contracts—ultimately, you find out you didn’t lose money on trades but your wallet is gone.
6. The witch hunt seems fair, but in reality, the power of speech always lies with the project team. How rules are set, how investigations are conducted, how appeals are handled—all are decided by them. When faced with unscrupulous ones, you can only accept defeat.
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Some Honest Words About the Crypto World
1. Narratives are not used for investing; they are used to “provide liquidity.”
The loudest narratives are often when you most need to take over.
2. The biggest misconception among retail investors is missing a 100x opportunity.
What’s truly missing is position discipline, stop-loss rules, and not over-leveraging.
3. You think you’re researching projects, but actually you’re researching emotions.
Prices are more driven by sentiment than fundamentals.
4. Most people don’t lose due to cognition; they lose due to timing.
Being timid when it’s time to be aggressive, getting overexcited when it’s time to retreat.
5. The bear market is the easiest time for “fund safety accidents.”
The less liquidity, the more black swans, more phishing, authorization, malicious contracts—ultimately, you find out you didn’t lose money on trades but your wallet is gone.
6. The witch hunt seems fair, but in reality, the power of speech always lies with the project team.
How rules are set, how investigations are conducted, how appeals are handled—all are decided by them. When faced with unscrupulous ones, you can only accept defeat.