#二级市场

In the secondary spot market, whether engaging in short-term trading or long-term investment, the first step is to thoroughly understand the project's valuation. If you discuss whether you are optimistic or pessimistic without considering valuation, it’s like a building without a foundation—unstable and lacking real significance.

Imagine that no matter what type of asset you are buying, the best approach is to first compare it with other assets of the same category. Just like when you shop, you compare prices from different stores; investing requires you to see which option offers better value. If you find two similar items but with significantly different market expectations, you need to think critically and analyze the underlying factors to determine whether the price difference is worth the risk.

In other words, valuation acts as the 'stabilizing force' in investing, helping you maintain your footing and not be swayed by market fluctuations. On the other hand, blindly following trends without considering valuation is like walking with your eyes closed—you are bound to stumble eventually.

Therefore, before engaging in investments, it's best to benchmark against other targets in the same sector to have a clear understanding before deciding whether to take action. This approach not only reduces investment risks but also helps you discover truly valuable projects worth investing in. Do you all agree with this reasoning?