Most retail investors are pitiful and pathetic, and I am one of them, but I just evolve a little faster.

1. Three things retail investors don’t understand

1. Don’t understand the project. Whether the project is good or not, I don't know how to research it myself. I mainly listen to what others say, but I don't know. Most of the people who say it have other purposes. They are really doing investment research in a down-to-earth way. There are very few retail investors who play secondary level, and even fewer institutions. Especially some local dogs, there are many traps and tricks.

The disadvantage of not researching the project yourself is that if you lose money without knowing the reason, you will make a profit next time and continue to lose money.

The advantage of the research project is that although it will also suffer losses, and even suffer big losses because of the more faith in the research, the advantage is that as long as it does not lose all money, it will still get stronger and stronger - I have a say in this: I am in NFT I found it difficult to make money, so I changed to research exchanges. After researching and researching, I felt that X2Y2 was a good target, so I took a heavy position. I lost all the money I made from playing NFT and lost all my principal. Fortunately, I found my way back and stopped my losses in time and got a lot back.

Is it enough to just understand the project? How can we define understanding? The crypto is changing very fast. A project obviously has poor fundamentals, but it turns out to be popular; a project is obviously very good, but the price just can’t be raised.

Why? Because in addition to the fundamentals of the project itself: "chip distribution, market sentiment, community recognition", etc., the research project must also be viewed in conjunction with the track and even the ecology. People always give bonuses to leading projects and severely deduct points for tail projects.

For example, in the LSD track, the valuation of LDO is significantly higher than other projects, and based on the pledge amount, it is even higher. The strong always stay strong.

However, these are just the project itself, more important things will come later.

2. Don’t understand the crypto. There are indeed many bad people in the crypto right now. If you carefully look at the economic models of various mainstream projects, you will find that the design of most projects is similar to the underlying logic of MEME. Tell a story, blend well with the exchange, and provide one-stop services for market control, market pull, and market smashing. , all links are placed in front of retail investors, just four words: Please enter the urn .

In addition to mainstream projects, what is even worse is the countless MEME coins. In addition to projects such as doge, shib, and pepe, in the second half of the year, there may be more than 10 new MEMEs coming out on the market every day, and the market value of each may be 500,000, 100,000, etc. Thousands of dollars were smashed to zero.

The entire industrial chain behind it, from issuing coins to going to the exchange to pulling the trays to harvesting, has been standardized. This is also what everyone in the circle often says, issuing water trays one by one and cutting them one by one. This is true both in China and abroad.

The worst cut I've ever heard of was:

KOL has a group of loyal paid fans. KOL claims that he has a unique vision and can always discover early-stage projects. No project can escape his keen eye. He can make money from any project. What is the secret?

——Set up a native dog factory and send one out in a few hours.

——Tell your friends that if you find a good project, you should defend yourself a little, DYOR.

——The market value of Tugou is only a little bit, but it goes up as soon as the friends buy it.

——Send a tweet, XX has risen by 200%, the clouds are calm and the wind is calm, and everyone worships and buys.

——Shipment, then prompt: Pay attention to risks.

——Continuing to ship goods. Although everyone was cut, they repeated the accurate operation and worshiped it even more.

IQ tax and double division of funds.

I wrote very implicitly, but this circle is even more barbaric and bloody than what I wrote, and retail investors have to guard against it.

But the difficulty for retail investors is that they don’t know where to start.

3. Don’t know how to think. It is actually very difficult for retail investors to guard against sickles, because the core is still to have their own thinking ability. The standard of judgment I set for myself is to verify everything myself, and try not to be credulous when anyone says a project is good or a person is great.

Whether this circle is powerful depends on the chain; whether it is powerful in the long term depends on whether it makes more and more money.

In terms of how to think about this correctly, I would have a few considerations:

First, verify everything yourself. Taking myself as an example, there are many retail investors who say that I have always made money, and they seem to be a little better than me. But in fact, it is very simple to verify. You can clear up the clouds and fog in a few minutes without being distracted by the nose and eating the brain.

For example, at the beginning of the year, it started with 600,000, and when it reached 2 million, addresses on the chain were issued. 2 million to 5 million, all documents of Binance transaction records are downloaded on the network disk. BLUR and ORDI are two over-the-counter platforms with on-chain wallets and recharge records worth tens of millions of dollars per transaction, so anyone who goes off-site can have them.

" People will do anything to give up thinking ."

Sometimes thinking about it, just a little common sense can reveal the problem. For example, if I buy something I am optimistic about, I will write down the reason for buying, the price at which I bought it, the final price at which I sold it, and why I sold it. It is clear and clear whether I made a profit or a loss. But what’s interesting is that some retail investors are being brainwashed into saying they will always make money, while at the same time they see losses and misses written by me everywhere – the two are so contradictory.

2. There is still clear flow in the crypto

Think about it, this industry is indeed quite bad, almost everyone is the richest person, but fortunately, you can still see many different people, they just make the money they can and just want to benefit from the development of the industry. To obtain profits, you don’t want to cut off anyone.

For example, I wrote FriendTech very early in the Chinese area, but I have always operated it in a Buddhist way. If you buy it, I will provide you with a little price, but I don’t want to earn this tax, because this is actually a bureau:

The project organizer told a story: KOL came over to operate, and retail investors came in to pay the tickets first. At the same time, knowing that everyone likes to speculate, the tickets can be speculated again - all speculations are tax-deducted.

In this way, the project party uses profit distribution to attract KOLs, and KOLs are attracted by the benefits to attract retail investors, and retail investors participate in the game out of speculation. Due to the existence of high taxes, although the social story does not make sense at all, the project party still makes money even if no coins are issued. Numb.

Don’t believe those narratives that make you think the product is a world-changing product as soon as it becomes popular. It’s possible that he says this out of profit.

Issuing coins is also a sure profit for the project side. After issuing the coins, just continue to tell a story and then keep selling coins, refer to APE.

Just like BAYC, it was very successful at the beginning, inviting celebrities, issuing airdrops, selling new monkeys, selling land, and earning handling fees - but this does not affect the essence of this kind of project, which is similar to a scam.

Bitcoin is not a tulip bubble, but BAYC and most projects in the crypto have this characteristic.

How to view and participate in bubbles actually divides people into different types. Taking FT as an example, how you choose to participate in it will reflect your own identity to a certain extent. If you just buy other people's KEYs everywhere, hoping to make money by buying low and selling high, and at the same time, you do not think about the nature of this FT. I don’t even understand directly.

Well, sorry, you are the source of revenue in this game. In jargon, it’s a really big leek.

If you are a KOL, you really want to operate, provide some value to users, and make some profits at the same time. It makes sense, but it still lacks some thinking, because if you want to provide value, it seems that you don’t have to let everyone make a cut through tax first - unless it is his experience of chatting and all other tools. All are irreplaceable.

But obviously, this tool is not worth mentioning.

This is actually the first principle in thinking. When I want to use this tool to provide value to users, the core is value, not gameplay and tools. And when this tool is particularly bad, you have to understand that the core of this matter is not actually providing value, but a dual game where the project party recruits KOLs to harvest retail investors’ IQ taxes and money.

Then continue to think about it from first principles: Will such a project be the future of the crypto? Definitely not, but he is a very classic case of crypto harvesting.

If you know all this and still play the game well, then I admire you, you did what Soros said: " The economic history of the world is a series based on illusions and lies. To gain wealth, The way to do it is to recognize the illusion, get involved, and then quit the game before the illusion becomes public knowledge! ”

Of course, I don't really like it. Therefore, I don’t take any of the handling fees I earn from my room, and repurchase all of them for the exit liquidity of my supporters. At the same time, I chat about potentially useful content in the group from time to time, and tell the shareholders my thoughts on this game in the room. Understand - so that they don't feel any pressure when they want to sell me.

At the same time, I didn’t buy too many other people’s KEYs.

3. Find the way you are most comfortable with

Investing is to make yourself comfortable. It would be better if the investment itself is comfortable - you Gulas Daewoo.

Retail investors should make their investment in the crypto more comfortable. My experience is in three aspects:

The first is correct theoretical guidance. There are so many theories, and there are winners in each one. In technical analysis and contract trading, there are also people who make a lot of money and continue to make money; there are also people who really guessed it and are eager to continue to guess it; they are addicted to alpha. , look for price differences.

Yes, it seems that every theory can make money, even big money. But I think a good theory should make you feel comfortable, and at the same time be verified by the market.

In the U.S. stock market, Buffett’s theory has been proven feasible. But in fact, that theory is not very suitable in the crypto. Therefore, it is necessary to find something unique to the crypto. And because the crypto has existed for such a short time, there may not be a perfect theory at all.

But I would tend to use some of Buffett’s thinking methods to conduct some practical operations in conjunction with the crypto. A lot of content in this regard has been written in "Smart Investors (Crypto Edition)" in dayu.xyz, but I have only written Chapter 2, and it is expected that there will be dozens of chapters. The reason why I haven't been able to continue is because I feel that I don't have enough time. It is expected that if I finish writing it, I will already have countless wealth (you can just think of it as a wish I made to myself, don't be too disgusted).

The second is to travel with excellent partners. For example, I have a few friends who help me play airdrops. They lamented that they wouldn’t have been able to persevere if I didn’t have company. In fact, the same is true on the investment journey. You can choose to go with some kind and excellent people. They have a strong sense of morality and concepts of right and wrong. Kindness is put before excellence, because if people's hearts are bad, they will not last long and will not be able to make money. It's impossible to provide you with long-term value.

I will only give one example here, such as @Phyrex_Ni. I have noticed some of his practices and ways of thinking, which shows that he is also a blogger who only wants to make money in a way that makes people feel at ease, and he is very knowledgeable about macroeconomics. Then, it would be good to make friends with such people.

Of course, making friends is not the first principle of investing and making money.

In the end, it still depends on your own analysis and judgment skills, and for this, it is best to stay away from the crowd.

So to sum it up, I would recommend making friends with good people, but when it comes to investing, you should close the door and think by yourself, buy or sell alone.

For an investor who is truly interested in this path, the traffic of KOL is just a way to share and communicate, thereby connecting to more outstanding people on the same channel - my Twitter has connected me to many outstanding people. People, in the end, I only choose to be friends with people who are kind, excellent, and have long-term values.

The third is a specific growth plan. Many empty ideals were not realized in the end, mainly because they did not do it. Here are some specific questions you can try asking yourself:

How many projects do I plan to work on each week?

How much do I plan to read each day?

What value do I plan to give back to my friends?

Am I satisfied with myself today?

Where did I fail today?

What did I do well today?

Investment is a serious matter to a certain extent, and there is no room for cheating in investment.

In the short term, there will always be a chosen one who makes a lot of money. But in the long run, investing is nothing more than continuous learning and stumbles of growth - if you grow a little faster than the market, you will not be far from success.

Collection: dayu.xyz

Twitter; @BTCdayu