Yesterday, I had dinner with a buddy who had just entered the circle this year, and when we talked about the recent trend of ETH, he suddenly said: "The spot I chased at 3200 is now back to 3000, and I haven't figured it out this wave." "

I asked him, "Did you research Ethereum before buying?" "

He was confident: "Of course I have seen it, how dare I buy it if I don't see it?" Many institutions are hoarding, and I also want to make quick money. "

I asked again, "Have you used these basic tools like Etherscan?" "

He was stunned: "What's the use of this thing? I don't think those big guys who make money have mentioned this. "

This sounds familiar - there are indeed people in the bull market who can make money without knowing anything. But the problem is that when the market changes, people who do not understand the underlying logic are most likely to panic and start to operate blindly when they panic.

** Before you throw money in, you have to figure out at least a few things, right? **

What exactly is Ethereum? What problem does it want to solve? How are gas fees generated? Why does Layer2 exist?

You don't need to be able to write smart contracts or run nodes yourself, but you always have to know these basic concepts.

Many people will retort: "I don't understand that these can still make money." ——In a volatile market or a small bull market, good luck can indeed be right a few times. But when the market really deteriorates, people who do not understand the essence of assets will begin to doubt life, and the more they fall, the more they panic, the more panicked they become.

Understanding the fundamentals is not to pretend to be professional, but to make a few fatal mistakes in the fluctuations. After all, in this market, surviving is more important than anything else.