【In autumn 2018, I lost 30% in China’s A-share market—and then I had a revelation】
Back then, things felt a lot like they do now—the market had been falling for over half a year, and everyone was saying, “This time is different,” “structural problems in the economy,” and “a long-term L-shaped recovery.” I thought there was no hope either.
And what happened? In the first quarter of 2019, policy shifted, and blue-chip stocks clawed back 50% in three months.
Looking at QNT now takes me back to that moment. The coin has fallen by more than half from its peak and has been hovering in the 178–207 range for quite a while. A 3% gain in 24 hours looks pretty nice, but it’s still down 14% for the week. The market is clearly conflicted.
I actually find JPMorgan’s move to bring JPM Coin onto Ethereum more interesting than the price itself. Big institutions are making moves. They want something compliant, controllable, and interoperable. QNT is building cross-chain infrastructure, and demand for that is only going to grow.
But here’s the question—
What does this actually mean in practice?
I think it helps to look at two groups of people. Institutional users will eventually need to settle on-chain, make cross-border payments, and digitize assets. Assets like QNT could be their “passport.” That logic makes sense.
But what about retail investors? Buying QNT doesn’t mean you get to use this system. There’s still a long chain between the token’s price going up and the business being put into practice. A lot of people haven’t thought that through.
From a business perspective, the direction makes sense. But from an investment perspective, you’re buying expectations, not reality.
BTC dominance is still around 60%, which shows that capital is still huddling in major assets. Risk appetite isn’t particularly low, but we’re not at the point of euphoria either.
I’m not saying you shouldn’t buy QNT. I’m saying the business case and the logic behind your position may not be the same thing. Think it through before making a move.
With this pullback, do you think it’s fallen far enough to be worth buying, or do you think the fundamentals still aren’t solid enough?
Back then, things felt a lot like they do now—the market had been falling for over half a year, and everyone was saying, “This time is different,” “structural problems in the economy,” and “a long-term L-shaped recovery.” I thought there was no hope either.
And what happened? In the first quarter of 2019, policy shifted, and blue-chip stocks clawed back 50% in three months.
Looking at QNT now takes me back to that moment. The coin has fallen by more than half from its peak and has been hovering in the 178–207 range for quite a while. A 3% gain in 24 hours looks pretty nice, but it’s still down 14% for the week. The market is clearly conflicted.
I actually find JPMorgan’s move to bring JPM Coin onto Ethereum more interesting than the price itself. Big institutions are making moves. They want something compliant, controllable, and interoperable. QNT is building cross-chain infrastructure, and demand for that is only going to grow.
But here’s the question—
What does this actually mean in practice?
I think it helps to look at two groups of people. Institutional users will eventually need to settle on-chain, make cross-border payments, and digitize assets. Assets like QNT could be their “passport.” That logic makes sense.
But what about retail investors? Buying QNT doesn’t mean you get to use this system. There’s still a long chain between the token’s price going up and the business being put into practice. A lot of people haven’t thought that through.
From a business perspective, the direction makes sense. But from an investment perspective, you’re buying expectations, not reality.
BTC dominance is still around 60%, which shows that capital is still huddling in major assets. Risk appetite isn’t particularly low, but we’re not at the point of euphoria either.
I’m not saying you shouldn’t buy QNT. I’m saying the business case and the logic behind your position may not be the same thing. Think it through before making a move.
With this pullback, do you think it’s fallen far enough to be worth buying, or do you think the fundamentals still aren’t solid enough?