[Hong Hao: The Essence of Cycle Research and 'Fortune-Telling' is Prediction, the Difference Lies in Methodology] BlockBeats News, July 31—At a Binance offline private event, renowned economist Hong Hao discussed the relationship between market cycle research and 'metaphysics.' He stated that whether it is investment research or traditional fortune-telling, both fundamentally involve predicting the future, with the key difference being the methodology they rely on. Hong Hao explained that traditional fortune-telling is more based on long-term experiential observation and summarization of patterns, whereas investment research relies on historical data, using quantitative analysis to deduce patterns and project the future. Both, at their core, are attempts to understand the uncertainty of the future. He emphasized that there is no universal answer to market predictions. 'For example, when to buy the dip—I cannot provide a single answer that applies to everyone, because investment decisions vary from person to person.' In his view, whether it is cycle research or prediction, the essence lies in exploring the patterns of the future. However, every prediction has its limitations, and one must approach it with a sense of reverence. Hong Hao concluded, 'Prediction, at its core, is about peering into the future, and "revealing the secrets of heaven" is inherently a highly challenging endeavor.'