Investment Value Chain: Common Sense>Facts>Logic>Viewpoints 1. Opinion - least reliable What is it: purely subjective shouting, emotions, or messages from group friends. Example: PEPE is going to increase by 1000 times! Trump's presidential dinner is definitely going to be postponed Investment insight: Pure noise has zero value. If you buy based on this, you are a 'buyer'. 2. Logic - The story sounds beautiful What is it: The next xxx Example: EOS is 100 times faster than Ethereum, free of gas fees, a genius programmer at BM, and a third-generation blockchain technology. Will become a killer of Ethereum, causing the coin price to skyrocket Investment insight: The story may sound good, but it may be carefully crafted to make you pay. You need to verify whether the premise (A) and deduction (B) of this' logic 'are valid. 3. Fact - Real Gold and Silver Data What is it: objective and verifiable data (on chain data, code, team background, real users) Example: To investigate the facts: How many daily active users (DAUs) are there in Ethereum Killer? (The fact may be that there are thousands of people, and the STARK with skyrocketing front-end time is in the single digits, truly a ghost chain) How many nodes (Validator) does it have? (There may only be a few facts, highly centralized) What is the total locked volume (TVL)? (In fact, it may have been achieved through self issued tokens) How many DApps are there on top? Investment enlightenment: Facts are the needle to break the "logic" foam. 4. Common Sense - The Relationship between Risk and Reward What is it: A basic understanding of finance and human nature is the highest level of judgment. Example: For example, LUNA/UT claims: "If you deposit our algorithmic stablecoin (UST), you can receive an annualized return of 20% without risk. ” Investment insights: Common sense tells you that there is no such thing as a "risk-free" "20% return" in the world. Where does this profit come from? If a reasonable and sustainable source cannot be found (such as simply paying the previous person with the money of the later), then you are the source of income, essentially an unsustainable 'Ponzi game'. Conclusion: With just "common sense", you can directly reject this investment without analyzing its complex "logic" and "facts" (as they are likely to be fabricated). summary The worst investment (Meme coin gambler): listened to the viewpoint ("shouting orders in the group"), believed the logic ("we want to surpass Dogecoin"). Better Investment (Investment Research Data Faction): Checked the facts (DAU and TVL), analyzed the logic (it really solved the efficiency problem). The best investment (timid narrative): using common sense ("20% risk-free return=impossible") to veto those "too good to be true" traps with one vote.