If you want to improve your investment success rate, you first need to understand a fact—judgment ability is the fundamental to making money. In simple terms, it’s the ability to choose, to pick the right one among many options.

The same applies in the crypto market. Whether you can find good projects determines whether your subsequent holding strategies will be effective. If you choose the wrong project, even holding on will only lead to more losses. The longer you delay, the deeper you may fall. So the first step is to pick the right projects. The same applies to life investments and crypto investments.

So how can you improve your judgment ability? It’s actually about learning to make the best choice among a bunch of options.

Imagine there’s a basket with 100 shrimps. Only 5 of them are truly good shrimps. About 80 are bad—either poor quality or with various defects. The remaining 15 are uncertain; sometimes they look good, sometimes they have issues.

This analogy applies equally to the crypto space. There are many projects now, but only a few are truly worth investing in. Over 80% of the market are insignificant projects, and only about 5% are genuinely high quality. The remaining 15% fall in between; their quality depends on when you enter and what stage the project is in.

Faced with this situation, there are two strategies. One is to directly find those 5 good shrimps—sounds simple, but in practice, it’s very difficult. The other approach, which is more realistic for most people, is that you may not even be able to distinguish which projects are truly good, just like many people have limited judgment of a company's fundamentals.