Width refers to how much you know. Depth refers to how thoroughly you study.
Width is your insight. Depth is your understanding.
In other places, if you have width but shallow depth, it is difficult to make money and you may even incur losses because you need a concrete execution path. Insufficient depth leads to poor execution or inability to execute at all.
In the crypto space, if you have width, you can still make money without depth; having both width and depth allows you to earn even more because the execution path in crypto is very simple.
How does width come about? A person's character is bright, their thinking is open, and they skillfully use a large logical framework to analyze problems. They trust logic, do not hold onto biases, and are not swayed by emotions. Such a person accumulates width gradually through their varied experiences.
How does depth come about? It is developed by mobilizing your personal computing power, investing time and money to understand things deeply, rather than just listening to others. Depth cannot be obtained just by attending a few classes; it is the result of truly hands-on experience.
If your personal computing power isn’t strong, leading to insufficient depth, then earning money in the crypto space is quite suitable. In this financial market, you can indeed make a lot of money without needing significant depth.
The establishment of width is not a matter of personal computing power; it is a matter of character and logical thinking. A few days ago, someone around me told me that he runs a yarn business offline, making 10 million a year, but can only earn 500,000. I said that’s too little; I suggested he get into the crypto space, which is great. He said he wasn't interested in crypto. After ten years of struggling in his traditional industry, he definitely has depth, but his disinterest in crypto actually reflects a lack of width.
No one is genuinely interested in crypto itself; the real interest lies in making money within the crypto space. Engaging in airdrops, trading, and gathering information while sitting at home every day is a very boring thing. The main interest is in cash.
I have encountered several people who say they are not interested. When I hear that, I shake my head; this answer shows a lack of sincere self-reflection. The true answer should be: I see crypto as a scam and possibly illegal; I don’t believe in it. Or simply: I don’t understand it, the risks are too high, and I fear losses. These are sincere answers to oneself.
Don’t underestimate the importance of sincerity; it is a quality linked to fate.
Most of us have quite ordinary computing power, but establishing appropriate width in the crypto space is enough to make money.
Having shallow depth doesn’t matter because many deep individuals will research projects and market trends for you, and this information is mostly free; even if it's paid, it's inexpensive.
For a person to have deep depth, they need to spend a lot of time patiently digging deep; the short-term cost-effectiveness is not very high. I bet most people lack the patience to delve deeply. Moreover, whether one makes money is not decisively related to depth; a person with depth can score 100, while someone without depth can score 70 and still be fine. It’s the industry itself that propels you, not 'depth' that does.
People with shallow depth but wide width in the crypto space face very limited risks. Even if they incur losses, they won't lose much, but they might still make a lot of money because they can leverage others' depth. They can quickly analyze whether someone has depth, and those with depth are often willing to share and communicate with those who have width.
Deep individuals are often lonely and bored because they understand too much. They feel a sense of invincibility inside, which makes them extremely confident. Confident people are filled with overflowing energy, and they like to share things with others, hoping others can benefit. Those with width understand them well.
Those without depth or width often tend to shrink inward. Inward individuals desperately need to replenish energy from the outside; they are often insecure, always needing to gain more. Fundamentally, they are unable to love this world; they tend to compare, possess, and feel jealous, which leads to a lack of desire to share anything with others.
In the crypto space, as long as you have basic width and simply believe in others' depth, their depth will become your depth. You just need to follow their depth, and the market will eventually give you answers.
In the investment process of all loyal fans, we will not only provide investors with analytical ideas, basic knowledge of market observation, and various investment tools, but we will also bring exciting fundamental interpretations, sorting through the chaotic international situation, and identifying various investment influences.
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