# 价值投资

Day 4 · Avoid the trap of "pseudo-narrative": value capture is the only ruler
Good morning, sober explorer.
This is the 4/100th day of the #币圈100天成长计划 .
🔥 There is never a shortage of exciting stories in the market: Web3, Metaverse, Layer3, DePin...
But 99% of participants end up being the fuel for the story, not the beneficiary.
What is the problem?
You focus on the popularity of the narrative and ignore the core part: how does the project really capture value?
💎 Today's core cognition:
Whether a project can survive for a long time does not depend on how good its story is, but on whether it

Why I Reallocated Heavy Positions in GT (Platform Token Value Logic) on 9.2
This time, I am positioning in GT not because of short-term signals, but based on the long-term value assessment of the platform token.
Target: GT
Action: Gradually build spot positions around 9.2
Idea: Use time to gain space, rather than betting on a quick surge
Why is it worth positioning in platform tokens at low levels?
The core of platform tokens is not sentiment, but the platform’s own “cash flow and ecosystem.”
For me, GT possesses these long-term attributes:
Real usage scenarios
• Transaction fee discounts