#币安合约锦标赛 #MegadropLista I agree with the views of Yijie F | Captain Jim on Binance Square

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#币安合约锦标赛 
#MegadropLista 
I agree with the views of Yijie
From the ICO boom in 2017 to the rise of Defi in 2021, and then to the current era of airdrops and IEOs, each stage has its own unique investment strategy and environment. Investment, especially in the low-regulated blockchain field, risks are always there.
Each era has led to some new strategies and rules, but the core principle is only the same: understand what you are investing in. Whether it is ICO, IEO, or the current airdrop, investors need to have a clear understanding: what you are investing in. I see many people only look at the numbers and ignore the value and risks behind it.
The trend of the market is now very clear. The limit of the hair studio has been reached. More retail investors and professional investors are entering the market, which is a good thing. This wave of changes will make the market more mature, instead of some project parties and investors taking advantage of market rules to make huge profits as in the past.
But the complexity of the market is also increasing, which means that for us individual investors, we need to be more rational and more cautious. Remember, investment has risks, market has risks, trend has risks, choice has risks, and the biggest risk comes from ourselves.
Every time the market changes, we must stick to our philosophy: recognize the nature of investment and invest rationally.

LIVE

Yi He

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Some summaries, not investment advice.

2017 was the ICO era, and public fundraising directly replaced VC and PE, so the bull market in 2017-2018 belonged to the OG platform and proxy investment. As long as you grab a share, you can make money.

In 2021, DeFi rose, and the actual market began to diversify and divert. As long as you run fast, you can make money.

At that time, IEO could also negotiate with the project party to release a part of the shares to users, so the general pricing was low when it went online, and buying new instead of old was also a typical feature of this period.

But now IEO is generally considered to have legal risks in most countries, so it can only be airdropped and market-priced, which means that if the circulation is large and the opening price is low, the project will perform relatively steadily, such as BB and Lista, but compared with 21 years, it is still too fast and lacks a sufficient wash process.

The rise in 2024 was initiated by BTC ETF. The smart money in this wave belongs to the king-level projects and Lumao Studio. They love each other and have created a wave of beautiful data together. On the one hand, the project parties can raise more money from VCs (if you observe the top VCs in the market, they are all over a billion US dollars, which will indeed push up the pricing of good projects), and on the other hand, the project parties with money and users are full of confidence. There are millions of users on the chain. It doesn’t matter if they don’t go on a certain platform. There are many CEXs to go on. If there is no CEX, there are still DEXs. At worst, there are Dexes on their own chains.

Trading platforms do not have pricing power, so for projects with high valuations, everyone should look at the fundamentals, not just the market value, but also the circulation.

Today, the market has indeed changed again. The fratricide between Lumao Studio and L2 projects has turned into a farce, and the Lumao era may be coming to an end. At present, there are more professional players in both the primary and secondary markets. They have various tools to hedge risks, but they have also expanded the market size. As an ordinary investor, the ICO in 2017, the IEO in 2021, the nesting dolls, and even the 2023 strategy of making money may not be suitable for today's market.

Is it a healthier market if there is a lack of VC investment and fewer project parties? In every cycle, there will be some projects that cross the bull and bear markets, and there are also countless king-level projects that fall on the road. Whether it is web2 or web3, there are very few successful startups, and projects that cross the gap and cross the cycle are even rarer.

Investment is risky, so be cautious when entering the market.

Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content. See T&Cs.