Does this feeling seem very familiar to you?
When I first said $UNI would reach 500, a bunch of people chased after me cursing 'piece of trash, it will be zero sooner or later.' Two months ago when it was 2.8 dollars, I told you to build positions, and you said I was fooling naive investors. So what happened? The governance proposal vote passed, a single-day surge of 18%, from the layout in October until now, almost 300% returns with eyes closed. What about those who cursed me back then? Are they silent now?
Now I say $FIL, $ASTER have a promising future, and the same rhetoric comes again: 'FIL is going to be delisted!' 'ASTER will drop to 0.01!'... My ears are getting calloused from hearing this.
Is it necessary to buy today and wake up tomorrow to see a hundredfold return to call it a 'good coin'? Wake up, this is called gambling, not investing.
Let me pour a bucket of cold water on you: CZ and Sun Yuchen never trade contracts. The gambling king, Stanley Ho, never sits at the table himself. What level are you at, that is even better than them? Those 'master traders' who are so good at technical analysis, why do they still blow up their accounts every day?
In the crypto space, for ordinary people to survive and make money, there is only one method that is the dumbest yet most reliable: value investing, buy and hold, and hold on tightly. I consider myself dull, so I only use this tactic. UNI is the king of DEX, I buy; FIL is a storage necessity, I buy; ASTER has CZ backing, I take a small position to gamble a bit. I don't know where the bottom is, so I learn from Munger: good companies, not afraid of being expensive, once bought, don’t sell easily.
But the question arises—can you hold onto value investing?
In a bull market, the volatility of altcoins being cut in half and then doubling in a day is the norm. No matter how strong your conviction, when you see your account shrink by 50% in an instant, can you really keep your hands steady? What if the 'value coin' you chose really becomes worthless, and all your hard-earned money goes down the drain, can you sleep?
After all, most retail investors do not fail to see value, but cannot withstand volatility and hold onto their original intentions. You need a 'ballast stone', an asset base that allows you to sleep peacefully no matter how crazy the market gets. This is the essential difference between the thinking of big players and retail investors.
This brings me to an interesting phenomenon I have observed: many veterans deeply rooted in the industry, including some investors you might consider 'radical', always keep part of their positions in a seemingly 'unremarkable' but absolutely stable place—that is, truly decentralized stablecoins.
For example, the #USDD ecosystem constructed by @usddio.
You might find it strange that when talking about value investing and skyrocketing prices, why bring up stablecoins? Brother, this is the essence. True value investing, the first step is not offense, but defense. You must first protect your principal and profits before you qualify to talk about long-term holding.
The value of USDD is reflected in the word 'stability' (#USDD shows faith in stability). It is not a castle in the air with just algorithms, but is supported by various high-liquidity crypto assets over-collateralized. This means its value has solid asset backing and is very resilient to volatility. During market panic sell-offs, it can become your safe haven; after capturing profit opportunities like UNI, it serves as your vault to store winnings and avoid giving them back.
More importantly, USDD represents a reliable 'underlying asset'. In the DeFi world for value investing, you need it to provide liquidity, serve as a trading pair benchmark, or temporarily exit to observe when the market is too hot. A sufficiently deep, stable, and decentralized stablecoin is the strategic infrastructure for practicing the 'buy and hold' strategy. It allows you to be greedy when others are fearful because you know your exit is solid.
So, don’t just focus on those hundredfold dream K-line charts and argue. First, ask yourself: does your investment portfolio have a ballast stone like #USDD that ensures you 'stay at the table forever'? Is your 'value investing' built on shaky sand that shifts with the wind, or is it built on a rock backed by excess reserves?
Starting today, learn the mindset of the big players: build a defense with stable assets (like USDD) and organize your offense with promising value targets (like UNI, FIL). With a balanced approach, you can watch the tides rise and fall with a smile, rather than missing the future again in the heat of battle.
