The recent stance of VC coins in the market has attracted a lot of criticism, but in my opinion, it is a major positive. Especially for those projects that do not rely on VC but rely on community promotion, there is hope. The bear market is a good time to explore these projects. VC is like an old customer. After satisfying the needs, who cares about the life and death of retail investors? Continue to look for the next venue...

Historically, many projects that relied on VC to boost their success were once very popular, but in the end, they all ended up in a mess. Back then, Wall Street wanted to enter the cryptocurrency circle through SBF, but now it can just look at FTX and Sol. Why? After the incident, VCs took their buckets and ran away, and they don’t want to play with you anymore… Once VCs withdraw, projects that rely on VCs will find it difficult to continue.

The bear market is the time for projects to shine, especially for projects with real users. Therefore, when choosing a target, you don’t have to be too superstitious about VCs, because they are the ones who are hurting you. It doesn’t matter to them whether you are in pain or not. Anyway, they are very comfortable…

Think independently and don’t follow the crowd. Strictly speaking, all coin holders in the circle are your opponents, and the biggest opponent is the project party. Behind the project party is the VC. They have professional harvesting techniques and brainwash retail investors for a long time, causing them to form wrong thinking and eventually become their meal.

Does it look like the way Internet companies cultivate user habits? That’s right. If you don’t cultivate leeks into fools who think they are smart, how can they harvest them? Calm down, find potential public chains and community-driven projects, and participate in them.

What is the value of the current market?

Satisfying the fantasy of gamblers to get rich overnight is probably the biggest value of the cryptocurrency circle at the moment. Objectively speaking, 90% of retail investors in the cryptocurrency circle are gamblers, and the remaining 10% dare not gamble and choose to hoard altcoins, and their fate is even worse than the former. At least the gamblers have had a good time, while the latter want but cannot...

If you, like me, choose value investing instead of speculative gambling, you must reject all gambling and speculative behaviors, even ideas, such as leverage. A fan in the social circle just asked me, how about adding double leverage? No.

The logic is that two times today is twenty times in the future. Do not do evil even if it is small. Never test human nature. Never start speculative thoughts. Yes, you can't even think about it. Is it difficult to refuse gambling? It's too difficult. Imagine a girl you have secretly loved for 30 years, in front of you, naked, telling you: Tonight, you belong to me. Hey, buddy, can you resist?

90% of people will do whatever they want based on their instincts, but when they wake up, they will unexpectedly find that it was a trap. Isn't that the case with the entertainment industry? All kinds of great people and writers make up stories that look real, with realistic times, places, and characters. If you lose control, you will be fooled.

What to do? Be patient. Value investment requires delayed gratification, so that you can be worthy of this wealth. This is called making money by ability. Therefore, it is useless to focus on value, not short-term multiples. Just like a goddess, you can admire her from a distance but not play with her. A wife is in line with the concept of value investment. Once you buy at the bottom, don't change your position easily, otherwise you will lose miserably.

Speculation is like a scumbag, changing positions at any time, and ready to betray at any time. In the end, he is poisoned by the scumbag and never trusts any woman again. He becomes obsessed and finally leaves the market with wounds.

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Finally, if you are a complete beginner and you are excited to enter the cryptocurrency world after seeing BTC hit a record high, then I suggest you follow me first, learn the knowledge of the cryptocurrency world with me, and improve your basic skills. Only by laying a solid foundation can you go further.