Investing in the Crypto World
The following are some answers to your recent comments. The analysis is only my personal understanding, not as direct investment advice! If you have any questions, you can leave a message, or send me a private message on WeChat. Because of limited energy, I will not reply one-on-one. After I organize it, I will analyze and answer it in the next article.
The following are some answers to your recent comments. The analysis is only my personal understanding, not as direct investment advice! If you have any questions, you can leave a message, or send me a private message on WeChat. Because of limited energy, I will not reply one-on-one. After I organize it, I will analyze and answer it in the next article.
1. Can you tell us systematically about the present and future of decentralized exchanges, and how to participate?
--- I recently wrote the "DeFi Practical Investment Methodology" e-book, which has an introduction to DEX. It is recommended to download it to have a look. You can reply to the background of the blockchain in the official account: e-book, and you can get the download address. In addition, when I have time in the future, I will also write a special article to share my understanding.
2. Where is the safest place to store digital currency assets?
--- The safest is a cold wallet, you can buy a well-known hardware wallet on the market. Secondly, the safekeeping principle for digital currency is to keep it as separate as possible, especially for friends with a large amount of funds, such as keeping multiple wallets separately, and depositing coins separately in the three top exchanges.
3. May I ask brother, should the strategy of this round of bull market fixed-sale be to sell Bitcoin and Ethereum first, or to sell DeFi tokens first? Do you have to wait until Bitcoin and Ethereum reach the fixed selling point before considering starting to sell DeFi tokens?
--- If according to the past rules, Bitcoin first reaches the peak, then Ethereum, and then other altcoins. But I will sell them all together, and as soon as Bitcoin reaches the stage where I think it should be sold, it will be shipped in batches.
4. Brother Dao, there is such a good project of decentralized chat software. If this project has a promising future, it may surpass WeChat in the future. After all, many people don’t like chat information being centralized and recorded. I hope the next program will explain it thanks
--- In fact, Telegram (Telegram) has done a good job of privacy, and we need to continue to observe whether there is a market for private chat tools based on blockchain.
5. Excuse me, how do you estimate whether the price of each currency is too high or too low?
--- You can refer to the calculation based on the total circulation market value: maximum circulation x token price. Where does this market value rank in CMC, and then see if there will be a big bubble.
6. Hello. I am a novice, and I have only been in contact with it for 2 months. As soon as I contacted it, I was caught in the short-term trap. Fortunately, I found something wrong and stopped immediately. I lost a lot. Then don't give up, just keep getting away with it. I gave up completely once a year ago. So after summarizing for a few days, I saw your article by chance and became enlightened. I have read all the articles and audios from 18 years to the present. I also listened carefully, and slowly understood your core idea, which is interesting. Now follow your guide step by step. I don't want to miss this wave of bull market, and participate in it to feel the mentality of learning. Just buy some, and they are all matched according to the content in your article, just 100 yuan, purely witnessing the original intention of participating in the study.
---- This is very good, first learn more and observe the market, learn from experience and lessons, and prepare for the next opportunity. The investment market will never lack opportunities, and it is fundamental to develop a good attitude.
7. Hello, Brother Dao. It’s been less than half a month since I read your article. What you share is the essence. The tokens you mentioned have reached a high level. The risk is too high and it’s not suitable for regular investment. I missed the bull market in the currency circle , I don’t want to miss the stock market anymore, how should I lay out the stock market now?
--- The current stock market is neither high nor low. If you really want to invest in the stock market, you should buy the CSI 300 Index Fund. I don’t recommend anything else.
8. I started to pay attention to Bitcoin in early 20s, bought it around 9k, and sold it for 2.5k some time ago, and then it skyrocketed all the way, so I decided that I needed to spend enough time learning about blockchain. At present, my background is an Internet product manager. I work as an Indian social software, and I have a certain technical foundation related to the Internet. The short-term goal is 1. To learn and understand the basic technology and principles of the blockchain. 2. In the long run, if the industry prospect is good after understanding, it is possible to learn the code and learn the blockchain by yourself. Based on the above two goals, can you recommend any blockchain books or courses?
I just finished reading all the articles on Zhihu for you recently. The tentative plan is 1. First read the white paper of Bitcoin and Ethereum 2. Set up your next asset investment plan and investment principles and disciplines 3. Learn about defi related content. By the way, it is currently empty.
--- This plan is very good. Bitcoin, Ethereum white paper and yellow paper are all worth reading again and again. In addition, what is more important in this industry, I think, is thinking. You need to think deeply, ask yourself questions, and then try to solve the problem yourself. If you can’t solve it, just continue to read various materials. Quickly learn knowledge, coupled with a good attitude, you will be able to find your wealth in the future.
It doesn't matter if you are short at the moment. There will never be a shortage of opportunities in the investment market. At the same time, it is recommended to allocate a small amount of Bitcoin and Ethereum first. Although there is a risk of volatility in the short term, it will rise in the long run. Because you have coins in hand, it is even more important to study and study this industry. Be involved.
9. Brother Dao, I have read your new book. Thank you for being so hardworking and selfless! What I can do is to give feedback on my feelings, and at the same time recommend your official account to friends. I have learned a lot of useful knowledge from you and made money.
I am new to Leek, and after half a year of exposure, my income has quadrupled. Compared with real estate and stock yields, these tools are completely exploded. Weibo also saw some people speculating in coins to make wealth free, so it has been a little inflated recently. Fortunately, I just read your new book and suddenly realized how ignorant I was!
The basic information in the front and the buying and selling and target selection logic in the back are very useful! (I don't understand the technical level, and I don't understand many places in the front and middle.)
I feel that I have to do what you said so that I can keep making money and have the last laugh! Finally, thank you again, Brother Dao!
--- Thank you, our book "DeFi Practical Investment Methodology" will be updated in the future and add new content. In this field, remember to stay away from impetuousness, and remember the saying "money doesn't come in a hurry". Even if you are lucky enough to earn a huge amount of wealth by luck, if your cognition cannot keep up, the wealth will eventually be lost. A good and peaceful state of mind is fundamental to control wealth.
10. Have you paid attention to the new project sil? What do you think about this project? http://SIL.Finance
--- I don't know much about it, I probably looked at a project similar to YFI. I really don’t have the energy to focus on more projects at the moment. I suggest you look at projects similar to YFI, such as YFII. Make a comprehensive comparison of SIL with these projects, and then see its value.
11. Brother Dao, after reading your reply about valuation on Babbitt, how should Bitcoin be valued? How is an estimate of Bitcoin 10w analyzed?
--- My valuation of Bitcoin is based on the market value of gold. I think Bitcoin is gold in the digital age.
12. Thank you again for your selfless dedication. The book is very well written, it feels like talking to us face to face is very practical, if it is not a suggestion, I am a little confused.
The first one is that the Ethereum ecosystem has its own problems, so layer2 as a supplement, do you think there is any hope? Or do you think it is very likely to be a breakthrough?
The second small question is the regular investment strategy you gave Xiaobai, which seems to be a guide in the bear market. If Xiaobai is in the current bull market, if he wants to invest in DeFi projects, is there any corresponding strategy?
--- I think the second layer of expansion is very promising, and the possibility of breaking through is relatively high. I am more experienced in investing in a bear market and selling in a bull market, so generally after entering a bull market, I will basically not buy any coins, but will only wait for opportunities to sell them regularly.
13. I feel that NFT will explode in the first half of the year
--- I believe it will be very promising in the future, so we can keep a close eye on it.
14. Hello teacher, I just started speculating in coins not long ago. After reading many of your articles, I also know that temporary small fluctuations are normal. But I still think about this matter. I don’t touch leverage or contracts, I just store coins, but if it rises too much or falls too much, I can’t sleep well at night. I have a feeling of worrying about gains and losses. I would like to ask, did you also have this situation at the beginning, and how did you overcome it later?
--- This is basically the experience that every novice will have, and it was the same for me at the beginning. I suggest that you take out a part of the money that will not affect your life at all, and strictly follow the plan. After a round of bulls and bears, you can look at your mentality.
Secondly, learn more and deepen your understanding of the industry and projects. Fear is due to ignorance. At the same time, you should spend time and energy on work to improve your ability to make money outside the market. Investment is the icing on the cake.
15. How about the Badger agreement? It has a grand vision and space, and the lock-up volume is also growing rapidly. Compared with the market value, it has just exceeded 100 million. Among the top ten lock-up volumes, it is The lowest, I think the value is underestimated, what do you think, and the circulation is not too high.
--- I was cautious about this project, so I have not invested.
16. What do you think of BAT?
--- This is an old coin. I think its prospects are relatively average. I personally have not configured BAT.
17. I have a question to ask you. You said that you should not sell high and buy low, you should do long-term, but there are many times when the market falls by more than 20%. If you don’t sell at a high point, you will lose a lot, except for bitcoin and ether. The top defi projects you mentioned should be uni, sushi, and yfi. Now, the currency prices of these top projects are already very high. If they reach or exceed the market value of the project, it is difficult for them to increase significantly. Shouldn't it be, and Bitcoin and Ethereum are also very high, I wonder if it's better to clear the position and leave the market first, and wait for a sharp correction before entering the market?
--- It is recommended that you read the article "My Operation Idea: When the Bull Market Realizes" on February 16
18. Good evening, Brother Dao, I would like to ask for advice. How about the platform currency Matcha MX? During this time, it has been following the rise of BNB. thank you!
--- Platform currency I invested in BNB and HT last year, and then I switched to Bitcoin and Ethereum. The imagination space of centralized exchange platform currency may not be attractive to me, and it is also related to my investment strategy. The tracks I focus on investing in are the ETH and DeFi fields.
19. Have you heard about the venus project on BSC? I feel that under the impetus of Binance, it is the next big banner, and it seems to be building makerdao+compoud+dex
--- My main energy is still on Ethereum, so I don't know much about the ecological projects of Binance and Huobi.
20. Do you plan to study the NFT sector this year?
