Investment requires two hearts: 'Confidence and Patience.' When everything you do revolves around strengthening these two hearts, the harvest in the financial market will surely be abundant.
Just like how gold recently peaked at 1000 per gram, when it was only 400-500 per gram two years ago.
If you do not have enough recognition of the financial market, do not understand the global economic situation, and do not have sufficient knowledge of gold's background trends and fundamentals, you will not be able to hold on.
At that time, when gold was 400-500 per gram, you might have been wondering if it would fall further, or thinking it couldn't rise much, lacking desire to buy gold. Now it has risen, and you regret: 'If I had bought it back then, instead of buying a house, I would have made a fortune from gold.'
For example, Bitcoin has risen to 110,000 now, but when it was at a few hundred, a few thousand, or even a few ten thousand dollars, if you did not understand this industry, you would never have known it would rise to where it is now.
Many people currently regret missing out on Bitcoin, yet they still do not understand its value, thinking they have missed the opportunity, without knowing what the future holds.
This highlights the importance of confidence and patience; only when you have sufficient understanding and knowledge of the industry you are investing in, and the investment targets, can you have expectations for their future development. Otherwise, you will always be reactive, only realizing it after the market has moved.
Just like Ethereum, in this bull market so far, because the price has not met many people's expectations, some believe Ethereum is failing, and some think it cannot break the historical high of 4800.
However, their opinions are based solely on the current poor performance of Ethereum, which has not risen at all. Isn't this exactly the result the main players want? The main players certainly do not want retail investors to snatch up the chips; the more retail investors are pessimistic, the happier the main players are.
Why is there no confidence or patience for Ethereum? It stems from a lack of understanding; if you really understood it, and if its fundamentals, capital, policies, and technical aspects were indeed lacking, then okay, it truly does not perform well.
But how many people truly understand Ethereum? The vast majority of people who say Ethereum is bad do so just because they bought it, and it hasn’t risen much, or they bought other coins in the Ethereum series that have been continuously falling, thus believing Ethereum is bad.
So how is this different from gold, Bitcoin, and real estate back then?
When gold was around 300-400, many thought it was failing; when Bitcoin was at 15,000 on November 1, 2022, people said the industry was finished; during the real estate low in 2015, they said house prices would fall further.
However, the fact proves that it was not that they were bad at that time, but rather we did not understand them, did not see them clearly, and only viewed them with the perspective of that time, lacking sufficient recognition and vision to foresee things that had not yet happened.
Therefore, we should not always look for excuses, saying it's bad luck or that some events caused us to miss opportunities, or that someone influenced us to miss out; these are just self-excusing reasons. The real problem lies within ourselves; only by solving our own problems can we truly help ourselves.
Just like many people currently believe Ethereum will fall further, thinking it cannot break 2800.
If you cannot identify a 'symmetrical triangle' and do not understand how to use this pattern, you cannot predict future market trends in advance.
This is the understanding brought to us by the technical aspect, allowing us to see future trends through the market in advance.
Only when you have deeply researched the fundamentals, the news, the policies, and the capital can you see further.
When you know what changes have occurred in the entire Ethereum ecosystem after the Prague upgrade.
When you know that more than 30% staking on Ethereum represents.
When you know that an Ethereum ETF is likely to pass in the future, what it represents for traditional finance.
When you understand the significant share that Ethereum occupies in the entire traditional industry tokenization.
When you know the significant role Ethereum will play in global finance after stablecoins are implemented.
When you understand what Ethereum's layer 2 network represents in the eyes of those on Wall Street.
Once you know all this, you will have confidence and patience, and ultimately you will be able to grasp the wealth that others cannot.
If you know nothing and always judge value by price, always taking hearsay as fact without your own discernment, then in the future, no matter how many Bitcoins come along, you will not be able to grasp them. Recognition determines everything.
