Numbers are good and knowing how to use them can be very important to our development. If you check most crypto projects anytime they want to develop or upgrade their project they use numbers to know where to improve and also when things are not going as planned they use these same numbers to identify the problems. Those that invest in Bitcoin early must be very good with numbers because they predicted the future with the demand and the supply.
The easiest form of applying for numbers before investing is to know a coin's total supply, current supply, utility, wallet holding the coin, and price. With this simple information, some people will tell you if a coin is overpriced or not, and most people that I have seen investing in shitcoin these are things they check, and even though it is a gamble sometimes this paid off.
The truth about this matter is that most people are not good with numbers, some people don't even know the importance of knowing these simple things about the project they are investing in but all that they believe is their instinct and they follow it till the end of time. How many people still read project white papers, sometimes we read and didn't even grab the full scope.
As for me I normally use numbers, read the whitepaper and most importantly follow my instinct and my instinct saves me from terra trouble. A combination of knowledge and instinct helps us with our decision because sometimes things will just look good but our feelings will just be against it and we will stay away from it and it will be the best decision of our lives.
People do things without knowing why, buying into things they don't understand and we have some people after knowing everything still choose to follow their instinct because that is their most trusted source.
How do you play your financial game is it through knowledge or just instinct?
I completely agree with your perspective on the importance of numbers in the world of crypto investments. Numbers provide us with valuable insights into a project's development, helping us identify areas for improvement and potential issues. Understanding key metrics such as total supply, current supply, utility, wallet holdings, and price can definitely give us a sense of whether a coin is overpriced or not. DYOR is the mantra in crypto & finance. ✌️
It is important to have knowledge and use it to our advantage
Numbers are important and we shouldn't shy away from any of the things that can give us an advantage. Learning to deal with it and understanding everything is very important in crypto. I prefer to go through knowledge rather than instinct.
I prefer to use both especially when things are getting too complicated
Numbers are truly important in the world of investing. Those figures will tell you if a company or project is struggling, has potential or a dying out soon. Which is why we are often adviced to do our due diligence.
Numbers are very important in our development and we must do well to use this to our advantage
I use both, especially instinct. Knowledge is not that reliable in my view. It can sometimes be manipulated. I like having a basic knowledge of any crypto project I plan to invest in. Investigating the numbers is a good way to do that.
Thank God for my instinct with terra, I for bankrupt