What is an anchor? Here I will first give a definition, which is a pivot point that allows you to stand firm in the web3 world.
Or, how can you survive and live freely in the restless web3 community through this anchor?
This article records some of my thoughts, which may change later and may not be accurate.
Before entering web3, I actually didn't know that there would be a market parallel to traditional finance, where coins/tokens can be traded 24/7 without regulation. But since I entered this industry, and after seeing or hearing countless stories of getting rich quick, I have also tried to imitate or study in order to achieve exponential wealth changes that I expect deep down.
But this is fundamentally unrealistic because there are very few people who are good at trading and judgment, which is no different from traders in traditional financial markets. If it's difficult to make money in traditional stocks, you may lose even more in web3, after all, there are no price limits and no regulation.
If the underlying asset behind traditional stocks is a company, then the underlying asset behind tokens/coins is a scenario/a chain/a consensus, or whatever. Fundamental research still applies in this circle and can help people avoid many disasters, for example: $LUNA (a token I successfully sold at the peak, based solely on fundamental judgment).
But research itself is a very time-consuming thing. This is also something I want to discuss today - how to treat research well in web3?
For ordinary people, working in a team and dealing with business every day is already a very taxing thing, so if the remaining free time is also spent on research, it can be very exhausting. Plus, you may also see various big V/researchers on Twitter, showing off their profits or discoveries of alpha and other information, which can affect your mentality. At least I am affected.
A few months ago, I suffered from severe mental imbalance due to these so-called investment research information, coupled with a slowdown in personal growth, which caused a certain degree of anxiety. In my previous videos, I talked about filtering web3 information. If you can independently conduct investment research without looking at noise, that would be the best. But tbh, I have to admit that I have been influenced to some extent, so I later unfollowed many people on Twitter and muted many mutual friends because I wanted to completely eliminate the information that could affect my mentality. (If you have the same situation, you can try to block those Twitter accounts that often affect your mentality, no matter what it is, as long as you feel it affects you, you can mute them directly)
After continuously optimizing my information flow and focus, I found that I can start discovering some English alpha, just through Twitter. Previously, I used RSS to filter information sources and find information, but after filtering my follow list, I discovered many hidden gem Twitter users, which was an unexpected surprise.
I don't know what kind of personality everyone has, but I am someone who hopes to continuously improve my comprehensive abilities, and then invest in stable assets (without affecting my life/so-called web2 value investment) to improve my wealth level. I pursue work-life balance. I hope to have stable leisure time to spend with my loved ones, my family, and have time to watch popular TV shows and movies of the season, and go to a coffee shop on weekends to order a cup of my favorite coffee and read a book for an afternoon...
These pursuits of mine, or some small obsessions in my heart, make it impossible for me to match the speed of this circle very well. So in the past few months, I have been thinking repeatedly. In addition to the effective noise reduction methods mentioned above, the second point is to purchase income-generating assets. It is easy to keep assets idle and be repeatedly traded by yourself. I am a typical example and cannot hold any tokens. So I chose several good targets for staking, whether it is staking into validators or mining from the project team itself, as long as it is a staking I believe in, that's it, after all, it is a bear market... most prices are undervalued. (Not investment advice, view it rationally)
Finally, cultivate your own skills. Various skills that can improve your own value, such as English, writing, programming... These skills are very important. When you cannot survive by your own abilities and must rely on a company, a team, and work in it, try to improve your own abilities as much as possible, make yourself scarce, and then earn higher returns per unit of time. After obtaining income, try to invest in income-generating assets and purchase assets (note that they are assets that can generate passive income).
The above things are some of my recent thoughts and summaries, which may not be accurate, so read and forget them. If a few points are helpful to you, that's great. Finally, I wish everyone good health and great wealth on their life journey.
Peace.