The bull market is full of innovations and surges, telling you to improve your knowledge, otherwise you won’t make much money and will have to wait for a few coins every day like a widow. But if you keep holding on until you can’t stand it anymore and finally choose to join, then you are most likely the last one.

Of course there is real innovation here, or it can be said that as long as there is a round of enthusiasm, it can be considered innovation, after all, many people do make money. But after the hustle and bustle, there are definitely not many who can stay.

Well, this is actually very contradictory. If you don't participate in anything, it is not realistic. After all, everyone who comes to the cryptocurrency circle still wants to obtain higher alpha returns by embracing new things. The beta that only eats the big pie obviously cannot satisfy most people.

After personally experiencing the last round of painful lessons, the experience I summarized is: when it comes to new things, curiosity should be greater than purchasing power.

In other words, your interest in a new concept/sector/field/hotspot, your research on it, and your understanding of it should be greater than the money you spend. The worst thing is that you don't do any research, but just rush in when you're excited, and end up not knowing whether you made a profit or a loss.

The stage when you are most likely to lose money is definitely the stage when everyone says "It's too late to study, just rush in first". I am very familiar with this sentence. It was the same when it came to the earliest local dogs, the later local mines, the small pictures and game coins, and the most enthusiastic times.

You must first be curious, really willing to research, and find an investment method that you really think can achieve a higher multiple before investing. Oh, and of course, you have to pursue a high multiple with a small amount of money. This is the correct way to open alpha.

There are also some concepts that you clearly understand are the greater fool game, and you still have to look around to make sure there are no more foolish people than you who can take over, and then go in. If you look around and don't see anyone who can take over your plate, then you are probably the one who takes over.

I'm just saying this casually. You must maintain curiosity and awe for new things. You should always be a "Fuck, this is awesome" type of investor, and never be a "What's the big deal? It's just that" type of investor.