#INIT

1. Today, the investments in WEB3 were categorized into four types. The first is value investing: the core is good targets and good prices; buying in at low points and holding long. The second type is trading: this falls under emotions, including memes, etc.; the core is grasping emotions and capturing news quickly;

The third type is hedging: the core is that the correlation between different targets must be sufficient, allowing one to offset the uncertainties of the favorable target’s external environment, such as policy factors. The fourth type is short selling; when I refer to short selling, I mean not short-term emotional trading, but based on the long-term, such as long-term short selling of ETH. The core of short selling is: bad targets, high prices. However, one must be careful to exclude low market cap coins.

2. Tonight, the coin from Binance mining went live; after mining for a few days, it feels like I've had a few meals of pig's feet rice. Ever since Binance started doing things like airdrops and wallet IDOs, it seems the returns from the launchpad have become a bit lackluster. It’s better to focus energy on things with higher returns.

Today, INIT had a trading event; when I saw it, there was still an opportunity, but once it was done, the opportunity was gone, and I ended up losing 40U. For future trades of this kind, directly open a short contract and buy in spot; avoid repeated trading, as it not only wastes time but also increases wear and tear.