According to Compounding Quality (@QCompounding), the first step in Damodaran's 6-step valuation approach is to confirm the timing and currency of the financial data being analyzed. For crypto traders, this means verifying the reporting period and the currency used, as these factors directly impact valuation models and comparative analysis across global crypto assets. Accurate timing and currency assessment are essential for traders to avoid mispricing due to exchange rate fluctuations or outdated data, especially when trading assets that are sensitive to macroeconomic conditions or cross-border regulations (Source: @QCompounding, May 17, 2025).