Bear markets look at fundamentals, bull markets look at stories

1. Brother Dao, I listen to your sharing every day. You said that you are more optimistic about the top Defi projects now, but there are too many currencies. Are there any projects that are suitable for admission now?

--- I have listed these coins in the article: UNI, BAL, COMP, Maker, CRV, Aave, SNX, UMA, YFI, but their prices are not low now, and it is not suitable to continue buying at this stage. Because the room for rising in the future is getting smaller and smaller, you can keep paying attention to these coins first, and then deploy when there is a suitable opportunity in the future.

2. I am really grateful for your sharing. What you provide is not only the potential currency, but more importantly, your investment philosophy, which has benefited me a lot and will continue to learn. As of now, my positions are currently 1.2 million in Bitcoin and Ethereum, 70,000 in LTC and 30,000 in XLM, 2.4 million in DeFi projects, and 160,000 in total for other new currencies such as NFT. Bitcoin and Ethereum had the heaviest positions before, and I didn't make up for it, and the increase in defi exceeded it. Please ask the following questions, 1. Do you need to adjust the position at present? 2. Among the coins you are optimistic about, nsure was still within the fixed investment price range of 1 US dollars the day before yesterday. Nest and ampl have not skyrocketed in this round of bull market. Can they continue to cover their positions? 3. Please give me other suggestions for my position, thank you

--- At present, this configuration is roughly reasonable, because in the current market, no currency is cheap, and the room for any currency to rise in the future is getting smaller and smaller. NSURE and NEST are not very bullish at present, but it is not recommended to buy or sell, and continue to observe; AMPL has been above $1 for a period of time. If the expansion during this period is included, its price is also It's not cheap, so I don't recommend buying it either. So I think your position is fine. The only thing to pay attention to is not to invest in too biased coins in DeFi tokens. As long as it is the mainstream currency in the DeFi field, the problem is not big.

3. What do you think of the distributed storage project Storj?

--- I think its space and potential are not as good as Filcoin. In the field of decentralized storage, I am most optimistic about Filecoin at present, but the price of Filecoin has recently exceeded 40 US dollars. As I wrote in the previous article, the price set at that time It is possible to make a regular vote under $30.

4. I just met you recently. Since I entered the circle relatively late, after reading your article, I feel that the only defi project that can catch up is crv. I bought it at 2 yuan, and I am a little worried that the price of crv is Will this round of bull market stop ahead of time at about 2.5 US dollars, can you help analyze it, thank you very much

--- I don't think CRV will stop now. How high it can rise, I can't accurately judge, but it is still likely to exceed 4 dollars.

5. Can projects forked from crv be voted on? It's called swrv.

--- I have paid attention to this project and observed it for a while, but I feel that its stamina is obviously not as good as CRV, so I did not invest.

6. Hello, there is an article saying that Grayscale has a 6-month lock-up mechanism. So after the expiration, can the user redeem the invested currency with GBDC? Another article said that Grayscale has no redemption mechanism, that is to say, users cannot redeem digital currency anymore? ask questions

--- Grayscale currently does not have a redemption mechanism, but it can open the redemption mechanism, and Grayscale should open this mechanism in the future.

7. Hello, I always read the articles you wrote these days. They are different from others, but I think they are very good. I don’t like the ones that analyze the disk, because of this kind of articles, they end up losing a lot! I carefully read the analysis you wrote about the project. I am starting from scratch now. I mainly pay attention to the crv currency. Through your article, I checked and searched by myself, and I think it is really good. When I first came into contact with crv It was less than three yuan, and I didn’t dare to accept it even if I knew it was seven or eight yuan. Until I saw your article, analyzed it, checked and searched by myself, I felt that the value of this project is still low in defi now! For some reason, I only bought it for 1.75 US dollars, and I didn’t buy many, just a few thousand. I just want to ask, according to the article you wrote, when it started to cost 11 US dollars, it had bubbles, so this If the price is more than ten dollars, will there be no bubbles? Is it because many people are optimistic about it and have locked up positions, so there is no bubble?

--- I have always been optimistic about the CRV project, but I buy tokens not only based on its potential but also on its price, and I will not buy it if the price is too high. So when it first opened at $11, I didn't buy it because I thought it was too expensive. As for whether CRV can rise to $11 in this market, I think it depends on how high the coins in front of it, especially Ethereum, can rise, and whether Ethereum can rise enough to make room for the coins behind.

Its total circulation is 3 billion, if it rises to 10 dollars, then its total circulation market value will become 30 billion dollars, and now the market value of Ethereum is only about 200 billion dollars, obviously its price is Overrated. Unless Ethereum can double again, the subsequent DeFi tokens (including CRV) may make up for the increase.

8. Hello, I just read your new article, and I also feel that if the first choice, crv is the most suitable, but combined with your previous article, crv has doubled, and it is still far away from its new high There is a gap of several times, and since crv is also a rising star, combined with a crv article you wrote before, is it possible for crv to break through the historical highs? My bad feelings about crv are these points. First, it has the largest amount, and the total amount is quite a lot! Second, it has to issue 2 million more every day, and third, it is likely to be limited by selling pressure!

--- What you said is correct, which is one of the reasons why I dare not say that it will break through the previous high of $11. Compared with other currencies, although its increase is not large, it is hindered by the above factors, so I am more cautious about how much it can rise in this round of market, but in the long run, I am very optimistic about it.

9. Brother Dao, how would you value digital currency? I think this is the most difficult thing. Digital currency is not like stocks. It has a price-earnings ratio, roe, and net profit indicators to judge. The eth bought at 730 has never known how much it can be sold. Basically rely on the blind man to feel the elephant

--- At present, there are not many valuation methods. The most common method I use is to look at the total market value of circulation. That is, according to the maximum total circulation of a token, what is its market value, and then compare this market value with the current market value of Bitcoin and Ethereum for valuation. The Ethereum bought at $730, I think there is no need to worry about it for the time being, it may continue to rise.

10. I must read your articles every day. At this stage, I have a question I would like to ask. In this situation, is it necessary to reduce the position? Do you have a position reduction operation?

--- It is true that some investors are reducing their positions, but I am not reducing my positions. I suggest that investors who reduce their positions should also keep a part of their positions and continue to follow the market.

11. I bought some nests yesterday, and I feel that the currency is very weak. Can you help me check the downside?

--- I also hold this currency, I still watch it, and I haven't sold it. Sometimes, give a little patience to the project, as long as its fundamentals do not deteriorate, then observe and observe.

12. Teacher, it's too late to pay attention to you! I have a bunch of outdated mainstream coins in 2017. After reading your article, the focus is on DeFi, but after looking at those prices, they have increased by dozens of times. Is there any stable and promising DeFi that can be recommended in the second half?

--- Now I think all the DeFi tokens I am optimistic about have risen quite a bit. At present, we should pay attention to this field first, and wait until the right opportunity to talk, or wait until the bear market to deploy some top DeFi projects.

13. At present, I am a little concerned about yfii. Teacher, what do you think of yfii?

--- I have also written articles on YFII. This project has brought together many high-end players in China, and the project party is actively planning and building its own ecology, so I think it is worth continuing to observe.

14. Hello Brother Dao, can you tell me what you think of the for Force Agreement? Is there potential. It also belongs to the loan in DeFi, how is it compared to Aave, thank you.

--- Sorry, I don't know much about this project. But I have a suggestion. As far as I know, in the field of lending, there are projects that are particularly bright and have the potential to surpass Comp and Aave. Among the newly emerging projects, there seems to be no other project except Alpha. Therefore, whether other new projects It has potential to be observed. If the new project rises rapidly, I think it is risky.

15. I would like to ask what role KP3R token plays in DEFI and what long-term value it has, thank you.

--- I personally also hold this token. I am optimistic about its prospects. Its significance is wider than oracle machines. It is similar to a kind of decentralized collaboration and outsourcing. I think it has prospects, but the current price is also higher than that A lot, pay attention to the risk.

16. What do you think about REN? Fundamentals are better than CRV

--- REN I am also optimistic about its development prospects, but the price has risen a lot compared to now, so pay attention to risks.

17. Hello. Which coin do you think is the leader of nft now? Thanks

--- In this field, I am currently more optimistic about rari and NFTX. These two coins are also one of the NFT tokens I hold. I am optimistic about them mainly because the pattern is relatively certain and easy to control.

18. Boss, are Loopring and omg, who are layer-2 developers, worth voting for? I don't see them rising much

--- Loopring has been at the forefront of the second layer expansion. The team is working hard. I hold its tokens and will continue to pay attention to it. I don't know too much about OMG, so I don't hold it.

19. How do we determine whether a wallet is a cold wallet or a hot wallet?

--- The key difference is whether it is connected to the Internet or not. As long as it is not connected to the Internet, it is a cold wallet, but if it needs to be connected to the Internet, it is a hot wallet.

20. Teacher, nice to meet you! I was fortunate enough to read your article when I first entered the currency circle in November. I like your regular investment method. I have a regular investment in uni. Now it is 13 dollars. I don’t know when to sell it. At the same time, I also listen to your advice and guard the coins Btc and Eth in your hands. Please contact the teacher, crv and uni, when to sell! Thank you, teacher!

--- I personally have plans for these coins, and I haven't sold any of them so far, so hold them first and don't rush to sell them.