Valuable experiences gained through the ups and downs of the market, shared with everyone:

1/ In the early to mid-stage, trade secondary markets, whatever is hot, emotions outweigh everything; the bold thrive, while the timid perish. Don't participate in project research, just trade coins, just trade coins, just trade coins.

2/ In the late mid-stage, the time for trading whatever is rising in the secondary market is over; it's time to start playing with various new projects, and the cost-effectiveness of grabbing profits will rise at this point.

3/ There are two typical types of projects that appear in the late mid-stage:

A) New entrepreneurs from various prestigious universities in the U.S., who have received a lot of VC funding due to their prestige. These projects generally fail, but the wealth effect after the coin is listed can still be significant.

B) Old wine in new bottles, as they know the bull market is coming to an end and are opting for quick exits. These large-scale projects have very solid resources and their listing capabilities are extraordinary.

4/ Experienced VCs know that every cycle will produce 2 DePIN gems and 2 GameFi gems. The characteristics of these gems are: they undergo a long period of washing, and then suddenly they soar like an arrow; the launch also follows a three-wave theory. The founders of the gems from the last two cycles are almost all of Asian descent with long-term residency/study backgrounds in the West.

5/ Every cycle has a very malicious harvesting event, usually initiated by a super large project that has a wide audience and many followers.

6/ Projects that survive two or more cycles should be closely monitored; unusual disturbances often signal hidden problems.

7/ Ponzi coins perform in every cycle; currently, several Ponzi coins that have been listed on BN have been outstanding for two consecutive cycles, with contract performance fluctuating greatly, making retail investors both love and hate them.

8/ Once a public chain project fails to build its ecosystem after the initial product launch, it cannot recover; there is no such thing as a comeback.

9/ DeFi projects are evergreen; there is potential for a comeback.

10/ Don't be afraid of a rising Ponzi; if you plan to buy the dip later, don't hesitate—invest 20% now.