In the long run, I am very bullish on the Chinese stock market
In yesterday's article, I talked about my interest in an NFT project, Hashmasks. In fact, I hesitated for a long time before I wrote this case.
The reason why I hesitate is because I am afraid that many readers will buy blindly when I write it. A project like this is an experiment in itself. Whether it will succeed or fail in the end, both possibilities are very high, so the possibility of buying and losing money is very high. I don’t want investors to think carefully Just buy.
But on the other hand, I think this case is a very good case of my latest experience. It vividly illustrates the attitude that ordinary people may have in the face of "unbelievable" innovations. Since this type of innovation may be a major opportunity, so to seize such a major opportunity in this circle, what attitude should we use to view this type of innovation.
After weighing the pros and cons, I decided to write it out, because I think analyzing this case can provide an excellent reference for ordinary investors to improve their awareness. I hope that when you look at this case, you will look at it more from a cognitive perspective, and less to see whether the NCT value is worth buying.
I have repeatedly emphasized that there will never be a shortage of opportunities in the investment market, and there will be no shortage of investment opportunities in the digital currency market. Even if NCT is an opportunity, if you miss it, there will definitely be new opportunities.
If we don't improve our awareness, we will miss similar opportunities in the future even if we encounter them. Therefore, improving our awareness is the key to grasping opportunities.
The recent stock market has been the focus of discussion in the traditional financial circle. The main reason is that the index has fallen for a period of time, causing many investors to lose money. Various articles have discussed this phenomenon, which once again showed us the greed and fear of human nature in the field of investment.
This is also an excellent reference case for us to invest in digital currency.
After several days of decline, many originally optimistic media have gradually become pessimistic, thinking that the stock market is failing and may enter a bear market again. In my opinion this is very typical of missing the forest for the trees.
It is true that the stock market has fallen for several days, but if this decline is considered in the long-term development of the entire market, it is at best just noise.
China's economic development is outstanding in the world, and China's monetary policy is prudent in the world, which fundamentally guarantees a healthy foundation and environment for China's economic development and lays a good foundation for long-term development.
That being the case, it is impossible for China's stock market to hover at more than 3,000 points in the long run, and more than 3,000 points is still far from the high of 5,000 points in 2015. It cannot be the apex of the bull market anyway. Not even the middle term.
In the short term, the market may even continue to fall, but this will not change the long-term bullish trend of the Chinese stock market, so I am still extremely optimistic about the Chinese stock market in the long run.
In this sharp drop, many previously popular sectors and popular stocks fell a lot. This is very normal, but we must also see that there are still many sectors that are still hovering at relatively low positions, which shows that the current stock market as a whole is far from the so-called bull market, and it is not a full-scale bubble at all.
In this market crash, the funds and some fund managers were scolded the worst, because successes and failures are also Xiao He. How they soared in the first place, and how they are falling now, and it is a large-scale decline. In my opinion, this is to a large extent a group of trouble.
I have mentioned this point many times. Fund managers still have a "herd effect", and many of them also follow the trend and look at the short-term.So because of this, I don't buy any active funds, I only buy the simplest CSI 300 Index.
All these phenomena are typical reactions of negative sentiment among investors in the investment market.
Every time such a huge market change occurs, I pay close attention to these phenomena, and always use them to reflect on myself, and always remind myself to avoid these emotions.
