First, we need to be clear that regardless of which coin or stock it is, we are not buying a string of English letters and numbers and codes, nor are we buying a price, but rather the company behind it.
To quote the stock god Warren Buffett: buying stocks is buying a company.
Understanding this, one should be clear that since you are buying a company, it means you have great confidence in it and believe that it has long-term growth potential.
If it is a shell company, would you have confidence in it? Would you dare to invest, even speculatively? Would you feel comfortable sleeping while holding it?
How can we determine if that company has future growth points? This question is complex and involves industry development, company technology, management, operations, models, etc.
But today we simplify it to one essential question: what problem does the company actually solve?
For example, why did Xiaomi become a Fortune Global 500 company in just nine years?
Essentially, Xiaomi's phone solved the issue of 'cost-performance ratio' for the vast majority of users in China, allowing more people aged 40-60, including those in 3-4 tier cities and even farmers, to afford smart devices, breaking the barrier that smart devices equate to high prices.
So, the core is what problems the company can solve for society, for people, and for users.
Returning to the original topic today, if we want to invest in Dogecoin, we must be clear about whether there is a technical team and a company behind Dogecoin and what problems they can solve.
Clearly, the answer to this question has already been provided by Dogecoin's founders Billy Markus and Jackson Palmer, who created Dogecoin merely for humor and as a culture of tipping, which can be seen as a pastime without any grand ambitions for Dogecoin.
So why can Dogecoin rise to fame in the recent bull market and increase by tenfold?
This is due to the trend of the times; the development of blockchain is not achieved overnight. There will be trial and error, correction, skepticism, and rejection, followed by attempts to accept.
The recent bull market for Dogecoin coincided with the previous bull market, a phase where the crypto market was just being explored by Wall Street and Silicon Valley big shots.
In the early days of the crypto space, writing white papers, creating appealing narratives, and having celebrities endorse coins could generate many wealth myths, but that phase has now passed.
Currently, in the blockchain industry, it is necessary to highlight technological value, and it must be based on practical applications that solve specific problems to succeed and not be eliminated by the times.
So, there is only one story about Dogecoin.
If your motivation to buy Dogecoin is because you previously missed out and now regret it, and you want to buy it again to seize the opportunity for wealth, then you are likely to miss the next explosive growth phase of the blockchain industry again.
The industry is constantly developing, and this bull market will have some high-quality companies that have been making technological breakthroughs over the past few years. Currently, their value is underestimated by the market and has not yet returned to its appropriate price.
These coins will迎 their explosive era, which is the key focus we need to pay attention to, and we must find ways to grasp it and hold on tightly to the fast track of wealth!
In the end: investment is about earning future money, not past money, and certainly not present money.
Only when you focus on the future can you be clear enough to earn future money.
