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Many people have a misunderstanding, thinking that if there are too many bids, they will always be able to catch a few projects with skyrocketing prices, right?

I thought the same way when I invested in ICO in 2018: If I invest in more ICO projects, I can always capture a hundred times the coins, right?

In fact, during the bull market of 2017, as long as you were brave enough to win an ICO project, you could easily earn 10 times + by listing on the platform.

But entering the bear market in 2018, this was completely different. 90% of the dozens of projects invested in 2018 ran away and went to zero, resulting in all the money lost.

This also taught me a very painful lesson.

First, investment strategies must take the environment into consideration.

In a bull market, you can add projects, but in a bear market, you have to subtract projects.

In the context of a bull market, as long as you are bold and don’t make big mistakes in a generally rising market, you can always grab coins that increase 10 times.

But in the context of a bear market, you have no idea which projects will go to zero during the long bear market.

Especially after the baptism of 2022, some project parties still have illusions in 2022, but they will give up in 2023. In 2023, we will see that the projects that cannot persist will return to zero.

This means that our strategy in a bear market needs to be focused, and we need to seize those projects that have a high probability of surviving.

There must be very few projects that can truly maintain development, have positive cash flow, and survive in a bear market.

Secondly, the more projects you have, the greater your management burden will be.

Ambushing projects in a bear market does not mean that you will ignore them after building a position. Building a position is just the beginning. After building a position, you need to spend more time paying attention to it, observing it, and thinking about whether its development is healthy or heading towards decline. Being able to pay attention to it for a long time will allow you to perceive opportunities to discover projects more easily than others.

A classic example here is Matic.

As shown in the figure below, after two years of precipitation from 2019 to 2020, it ushered in a thousand-fold increase in 2021. If Matic was on your list of projects you had been paying attention to for a long time in the last bear market, you would know the development of Matic better than others, and you would have enough time to build a position and seize the 100-fold coin.

Another classic case is Doge. The same is true for Dogecoin. If it was also on your watch list during the last bear market, you would know it better than anyone else. You would know that Musk mentioned Doge many times in 2019-2020, which would increase your confidence in long-term holding and easily get high returns.

We established a position in BNB in ​​2018, and we were able to hold it for a long time because we took the time to understand it and perceive it. We understand BNB better than many people, so we were able to hold on to it and ultimately get ideal returns.

For details, please see the article:#0072018 old article "The logic of investing in BNB"

Just like our community in this bear market, our fixed bid is only focused on 10 projects, which is already the limit.

Because every project we invest in requires long-term attention, we must understand the project better than anyone else in order to perceive the project's opportunities and future.

In addition, everyone has limited bullets. The more diversified investment projects there are, the smaller the position will be. In this way, even if you grab a high-multiple project, it will not make much difference to your overall funds. It is better to use your limited bullets to grab those projects that have a high probability of surviving in a bear market.

As long as the fixed investment projects can survive, they will always perform well in the bull market. So when the bull market comes, you can stop making profits in the fixed investment projects, and use the fixed investment profits to increase the number of projects in the bull market.

In this way, you can earn several times the profit through regular investment in a bear market, and use the several times the profit to participate in new projects in a bull market to magnify your profits, and your principal will always be safe.

A bull market adds things, while a bear market subtracts things.

Be radical and bold in a bull market and conservative and steady in a bear market.

Therefore, in a bear market, it is more important to place bids with quality rather than quantity.

If you can study several projects thoroughly, the bear market can bring you stable returns many times over.

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The above is purely personal subjective thinking and does not constitute any investment advice.