Comparative article: How does Guru monetize cognition? (3)
Guru said to “Comparisons,”Blockchain platforms for smart contracts are an important direction in the future. Because of the iteration of technology, one or more unicorns or even Big Macs will appear in the blockchain field, with a market capitalization of 100 billion or even trillion dollars. I want to be able to participate in the growth of every unicorn and not miss a single opportunity.
Looking through the Google article describing Guru, it turns out that Guru has a nickname “Money Circle Sun Zhengyi.” Looking back at Guru's investment footprint: Bitcoin → BitShares (&Maker) → Ethereum → EOS → Cosmos → FileCoin... Everyone was surprised to find that Guru's investment history perfectly fits the changing times in the coin industry. The nickname “Sun Zhengyi in the Cryptocurrency Industry” is not a cover. Let's take a look at the investment philosophy and track record.
As a translator of the Chinese version of the Ethereum white paper and a community activist, Guru has reportedly been rewarded with tens of thousands of Ether. Coin owners in the Binance community often write articles revealing bits and pieces about Guru. Everyone says that Guru is financially free. How does Guru, the good-looking CFA, distribute this huge amount of money? In my personal opinion, a young model and a villa are definitely not Guru's ultimate goal.
I've met some early Ethereum community managers, and they also received many Ethereum rewards. Some people wanted to join the ICO frenzy to make coins. After all, the fund-raising speed of ICO back then was basically an internet speed competition. It ended within a few seconds. The speed was astonishingly fast, and you can see how popular it is. Therefore, many people exchange Ether for ICO coins for different projects, hoping that more projects can be 100 times or even 1,000 times as much as Ether. Unfortunately, when the tide receded, investors discovered that the vast majority of projects were just “swimming naked,” and most of the coins issued in ICOs were reduced to air.
(Picture source:Aohua Finance Online)
Guru is an “old man in the coin industry”. He has gone through all the craze in the coin industry. What does he think of this coin industry known as being rampant with fraudsters? Have you ever experienced a “nude swimming” project?
Before Guru founded the two projects Coinhu and MYKEY, Guru admitted that most of his asset portfolio was Ether, which came from the Ether ICO and Ethereum community rewards that he himself subscribed to, respectively. As a financial expert, Gulu is fully aware of the risk that assets are highly concentrated in a project, and it is necessary to follow investment discipline and diversify investment risks.
Guru told “Comparative”, “Financial investment is the monetization of cognition. There is no other field like the financial sector that relentlessly harshly punishes those who lack the ability to think independently, follow the trend, or trade so-called insider information. The basic thing an ordinary person can do is make up for their weakness with diligence.”
Fortunately, the 10,000 hour theory of great people doesn't require a superior IQ, no idiot, or moderate talent. After 10,000 hours of research in one field, you can become a world-class master in this field. What school bullies are there? This is nothing more than an uninterrupted accumulation of hard work day by day. Still in the Bitcoin mining stage, Guru insisted on reading blockchain industry information for an hour every day without affecting his studies. When industry news broke out in 2013, Guru began devoting himself wholeheartedly to blockchain industry research.
Guru realized at the time that blockchain platforms for smart contracts are an important direction in the future. Because of the iteration of technology, one or more unicorns or even Big Macs will appear in the blockchain field, with a market capitalization of 100 billion or even trillion dollars. Therefore, he hopes to be able to participate in the growth process of every unicorn and doesn't want to miss any opportunity.
Prior to the ICO craze, Guru was already active in various blockchain communities, including the Bitcoin community, Bitcoin community, and Ethereum community. In those crazy days when ICOs were being robbed in seconds, senior blockchain practitioners realized that it is important to keep an eye on the trends of the elderly active in the blockchain community. Because of their high popularity, strong technical ability, and experience participating in star projects, all the aura combined can attract the favor of well-known and powerful capital. With strong capital support, it can attract industry elites and people to build projects, and the chances of changing the air will be relatively small or slower.
Guru has met the founders of many star projects in well-known communities. However, Guru is a person with rich investment experience and strong economic and financial knowledge. After being immersed in US stocks for a long time, he understood the essential difference between a “moon” investment target and a “star” investment target. The stars in the night sky are like the number of sand in the Ganges River, but there is only one moon. Exactly which project has a chance to become the moon requires rich experience and knowledge to determine.
He complains that he is a successful investor; he only invests in promising projects. The fund he is in charge of has outperformed Bitcoin's rise in the same year. Prior to the ICO frenzy, he had invested in blockchain 3.0 projects such as MakerDAO, Cosmos, Polkadots, BAT, Dfinity, and Filecoin, as well as projects closely related to blockchain storage. After the 3.12 Black Swan incident, he posted this on Twitter: “I bought more than 2w of Dai, and I am very satisfied to watch the numbers rise.” Also, he tweeted: “$120/Dot, I bought it in the last round. I sincerely wish everyone a lower cost than mine and give you the best of luck.”
Currently, most of the coin transactions in the coin industry are carried out through centralized exchanges. Risks such as losing money and going out of business on centralized exchanges are their fatal weaknesses. Guru lost 40 BTC at Mt.Gox in the early days. Later, he learned well, never stored coins on any centralized exchange, and never lost coins since then. Mt.Gox was the biggest exchange at the time, and outsiders couldn't see any flaws in it.
(Picture source:Financial News)
Therefore, there is huge potential demand for decentralized transactions, cross-chain values, etc., and the first phase of the Hong Kong Securities Regulatory Commission's focus was also on strictly controlling the risks posed by centralized exchanges to investors. Many blockchain projects, including Ethereum, have deployed the IPFS protocol. Decentralized storage is also just what the industry needs, and storage is an unbearable burden for blockchain networks. In the future, in addition to humans becoming nodes, artificial intelligence will definitely become nodes. Humans will abide by the same set of network governance rules within the same network along with the intelligent nodes they control. I believe that these important future development directions that can be imagined are already hidden in Guru's perception, and they will turn into wealth when given the opportunity.
For successful investors who follow the concept of value investing, in addition to having the ability to find unicorns or Big Macs, another key is “defending.” Guru said to “Bitu”, “If keeping coins was that easy, wouldn't everyone be a billionaire? If an apology works, then why do you want the police? If the world has medicine to regret it, then why would anyone still get their hands dirty? How about a comparison sentence? In a word: keeping your coins is as difficult as being widowed!”
As we mentioned earlier, it is very important to invest in blockchain projects to pay attention to the governance of the project. A good project can even attract help from investment bosses like Shen Bo regardless of the return. The project team and community governance are also the focus of Guru's research. There are few charismatic and cohesive leaders like God V. How to promote broad community collaboration and balance relationships is a top priority. If the community is divided, the risk of the project returning to zero will be huge. If everyone must “break up” and hard fork due to ideological issues, they also want to proceed in a peaceful state. The fatal damage caused by the BCH and BSV computing power war to the entire cryptocurrency industry is still being felt.
In summary, Guru believes that investing is a monetization of cognition; not all “eggs” can be placed in the same basket; care should be taken to spread risk. At the same time, investors should also focus on the project's prospects, team, and community governance capabilities. If the macroeconomic situation and project-level judgments are correct, you can sit on the ground for 80,000 miles a day and enjoy a quiet time.
By Claire Wu, a writer from Twitter
This article is a comparison of the original work. Reprinting requires authorization, and violators must be investigated.
Articles in the “Two or Three Things About Guru” series:
Comparative article: Bitcoin Circle Sun Zhengyi — Who invests $0.25 in Ethereum? (1)
https://www.bitpush.news/articles/822334
Comparative article: Gulu leads V God to receive Wanxiang investment, and Ethereum never comes to life (2)
