1 Will Ethereum collapse like EOS?
I think Ethereum and EOS are completely different products.
EOS has something wrong in its genes, it is not a real blockchain.
Now, people's main concern about Ethereum is the recent price surge. But on this point, I have expressed my views in many articles.
Although I am also very sorry about this, I (at least for now) have no doubts about Ethereum's long-term development.
2 When profits double, is there an exit strategy, and can the exit strategy be strictly implemented? The greed at this time is terrifying.
For investments in cryptocurrencies, I will not use the strategy of exiting when profits double.
Before buying a cryptocurrency, I will be very cautious, I will think clearly about its highlights, whether I can understand it or if I don't understand it, whether I have a special feeling about it.
Once I decide to buy a cryptocurrency, as long as its fundamentals and team have not deviated from my expectations, I will hold it until its price becomes very unreasonable in my eyes or I can no longer understand it. Whether its price has doubled when I plan to sell it is not a factor I consider.
If the project's fundamentals and team deviate from my expectations, I will sell it immediately regardless of the price.
While writing this, I recalled a point I expressed when answering a listener's question in a previous online communication:
In investing, I generally completely ignore small increases, such as 20% or 50% increases. Such increases are not my investment goal.
If I'm aiming for such increases, I might as well do business and buy and sell quickly.
For any target I invest in, the minimum goal is to double. If there is no potential for double returns, I won't buy such a target at all.
In the crypto ecosystem, this goal will be even higher.
For the time frame to reach the goal, I will have different expectations for different investment categories:
For cryptocurrencies, I generally expect to reach a set return target every four years;
For the stock market, I generally expect to reach a set return target every ten years.
As for the execution of the investment strategy, I think I still pass the test. As long as the set target is reached, I will strictly implement it, basically not fighting the market.
3 About investing in gold
I have some allocation to gold, but the position is very small.
I have been tracking gold information for nearly ten years, and the overall feeling is: gold is in a silent period most of the time, only fluctuating within a relatively small range. However, when gold's bull or bear market comes, it can last for a period of time.
To make a handsome return on gold, investors either need to be able to accurately grasp the bull and bear cycles and have persistent patience during the bull market; or they need to use financial instruments and leverage to amplify the price fluctuations during the silent period.
Compared to gold, I still believe that if investors have the energy and time, it is better to study more about their familiar fields in risk assets (such as the stock market, cryptocurrencies) where the growth potential is much greater.
Human society has fully entered the technological era. In this era and the future, the industries that can continuously create huge wealth for all of humanity must be those led by technology (of course, including cryptocurrency technology).
So I will still look for opportunities in all investment fields related to technology.
