People often talk about two words—breadth and depth. Breadth means how much you know, and depth means how thoroughly you understand a particular field.

These two aspects are especially critical in traditional business. If you only have breadth but lack depth, your execution path is likely to go off course. Why? Because the details in traditional industries are full of pitfalls; even a small gap in understanding can cause the entire chain to stall. I know a guy in the yarn business with an annual revenue of 10 million, but his net profit is only 500,000. This is a typical case of low efficiency caused by insufficient breadth and depth.

But in the crypto world, it’s different. You can make money with breadth alone, even if you lack depth. Of course, having depth makes it more enjoyable to profit, but even if your understanding is still being refined, as long as you choose the right direction, the execution cost is almost zero. Why? Because the trading process in crypto is so straightforward—buying and selling information, market watching, execution—there aren’t many tricks involved.

Where does breadth come from? Simply put, it’s your personality and way of thinking. If someone is open-minded, has a clear logical framework, isn’t controlled by emotions, and deals only with logic, naturally, their knowledge will accumulate more and more.

How does depth come about? It relies on real hands-on experience. You need to operate yourself, learn from mistakes, explore—listening to lectures endlessly is useless. Depth is feedback gained from doing, not just from listening.

That’s also why some people have ten years of experience in traditional industries and have built deep barriers, but show little interest in the crypto world. Traditional business relies on depth for stable profits, while in crypto, breadth alone can lead to gains—the rules of the two worlds are completely different.

So don’t get too hung up on whether your "depth" in crypto is enough. Instead of obsessing over this, it’s better to broaden your horizons and expand your cognitive breadth. In the financial markets, sometimes the value of breadth can be much greater than you imagine.