1. Transferring profits into riskier bets is not really profiting – that’s just gambling. Lock your profits in BTC, ETH, stablecoins and fiat currencies. 2. Projects with believers can be hugely profitable. Just get off the rocket before its inevitable fall. 3. It’s not worth locking up your tokens for extra gains. There is nothing worse than being tied to a sinking ship. 4. Protect your attention at all costs. You already have limited time and energy, don’t waste it on the latest crypto drama. 5. Be careful about over-optimizing for revenue – there is no such thing as a free lunch. You stake your tokens, earn a profit, and the interest is compounded automatically. With every additional gain comes additional risk. 6. Be skeptical of every advice you see on crypto Twitter — everyone has their own agenda. Are they promoting the project to boost their own leverage? Are they spreading misinformation to manipulate the Twitter algorithm? 7. Favor the market leader when a new narrative emerges. They have first-mover advantage and mindshare. The best beta strategy is to fork on a hot new chain. 8. Obsessing with the latest tool is a form of procrastination. You don't need to use 50+ tools to be successful. The biggest players only use Etherscan, Debank, DeFiLlama, etc. 9. "I am not afraid of people who have practiced 10,000 kinds of kicks, but I am afraid of people who have practiced one kind of kicks 10,000 times." —— Bruce Lee 10. Information has a food chain. Builders > VCs/Insiders > Whales > Robots > Manual traders who receive news early (<span minute) > Manual traders who receive news late (>1 minute). By the time everyone was hyping it up on Twitter, it was already too late. 11.Alpha comes down to two things: having access to inside information or being willing to do the hard work that others are too lazy to do. People underestimate how far you can go just by following the protocol's mid-level articles and their discord. 12. Everything is repeated, just slightly repackaged. Improving capabilities in the DeFi field is all about pattern recognition. For example, if certain influencers start discussing a project, they are attracting exit liquidity. 13. Position yourself in advance and let the profits come to you.Anytime you feel FOMO, it's a sign you may be late. 14. Thinking of your P&L as a percentage of your portfolio rather than dollars will help you stay rational. It's hard to keep a clear head if you equate your transactions with real-life purchases. 15. Cut losses aggressively. Set a stop loss and know when to exit a trade before investing. Don’t let a small loss turn into a big one because of the sunk cost fallacy or emotional bias. 16. Document everything. Write about what happens every day in crypto, your trades, mistakes, and lessons learned. This is how you improve your mental algorithms. 17. Don’t overestimate fundamentals in a bull market. All logic disappears and people buy based on hype, emotion and speculation. Look at the industry as it actually is, not as you think it should be. 18. Incentives can drive prices. People buy when there is an expectation of future profits. This can be influenced through airdrop speculation, locking tokens for additional rewards, ecosystem incentives, etc. 19. Don’t put anyone on a pedestal. All the "smartest guys in the room" like Alameda and 3AC were hit hard. No one can fail. 20. Protect your funds when there are rumors of bankruptcy. If you're right, you save a ton of money. If you're wrong, you're only interrupted for a few minutes. 21. The question is not right or wrong. No one can achieve a 100% success rate. The problem is maximizing your upside when you're right and limiting your losses when you're wrong. 22. Narrowing your focus is an underrated advantage. No one can keep up with the entire field. Pick a few departments and follow them. 23. Focusing on macroeconomics is overrated. Just monitor capital flows into the market to know when we return. Your time is better spent elsewhere. 24. “Economists have an extremely poor record at predicting events. It’s beyond simplification; it’s like medieval medicine.” - Nassim Nicholas Taleb 25. If you’re emotionally unstable and drunk or lack of sleep, stay away from cryptocurrencies. One mistake can erase years of hard work. 26. Stablecoins are not as stable as you think. UST collapsed, and USDC also experienced decoupling panic. It’s perfectly feasible to store your spare funds as fiat in traditional financial banks.27. If you want to grow your portfolio, concentrate - if you want to maintain it, diversify. 28. Development Systems - These rules and frameworks will stop emotions from destroying your game. This can include how you profit and when you invest. 29. Growing your portfolio 100 times through trading is unrealistic. This is not 2016 anymore. 99% of people's better option is to find ways to increase cash flow and invest more in their goals. 30. The crowd prefers new projects and narratives — not your old baggage from 2021. Don't fight human nature. 31. Don’t limit yourself to cryptocurrency content. The knowledge you gain from studying game theory, behavioral economics, and psychology will far exceed that of reading various insider tips on currency speculation. 32. The best projects include both fundamentals and incentives. Incentives attract people's attention, while fundamentals give people a reason to hold on. 33. The unknown unknown is fatal. The founder may be gambling with his or her financial coffers, or the anonymous founder may have a shady past. You can't predict them. Here, profit taking, bet sizing, and asset management are your most critical lines of defense.

"Niu Yi" Bitcoin leads the rise, and a large number of projects underperform Bitcoin. When an upward cycle occurs, it is usually during a recession. At this time, the market is in a downturn, but it is beginning to show signs of rebound. It is the time to enter the market, which is called the early stage of the bull market. Now in 2023, the bullish trend starts, and gradually turns from bearish to bullish. In fact, it is now nearing the end of the bullish period. One characteristic is that even if BTC rises, the growth of a large number of projects is not as high as that of Bitcoin, but buyers have a stronger view of Crypto's future. In addition, small sectors took turns to be speculated. After the speculation, the Bitcoin ecosystem started first, followed by DeFi and Meme. Many sectors showed improvement because funds were replenished, but it did not last long. This is also a typical characteristic of the late bull period. "Niu 2" is supported by real data, and the lift is distributed to various tracks. If the market enters the second stage, the market will have several characteristics, such as the growth of project value capture, continuous improvement of on-chain data and other basic factors, leading investors to The desire to enter the market continues to rise, driving the overall industry upward trend. Generally speaking, Niu Er lasts longer and the market conditions are more volatile. The market trend of "Niu 1" moves to "Niu 2". During this period, the upward momentum of the market will be diverted to various projects, but it will still focus on the industry leaders. When "Niu 3" comes, you should invest prudently and start to reap the benefits of "Niu 3". Several characteristics, such as the rapid and violent rise, broadly optimistic investment sentiment, etc. The theory also mentions that when investors want to make further short-term profits, it is one of the most obvious signals that the rising market cycle has peaked. If the market situation has reached "Niu San", the number of new currency listings will increase, and investment will become blind; or the profit-making effect of new currency listings will be amplified, and IEOs will be everywhere. If it reaches the "Bull III" stage, market sentiment is crazy, and the market's flow of new money reaches its peak. We should be cautious at this stage, but retail investors are relatively lagging behind, and their emotions are still in the "Bull One" and "Bull II" states, and their investment sentiments are positive. , and it’s easy to become a real taker. Niu 3 usually takes several months or even, but under current market conditions, the United States has begun to enter the interest rate cut cycle, and it is estimated that it will take some time. The real Niu 3 requires the combined effect of Bitcoin halving and U.S. interest rate cuts, and it is not expected to be seen until the second half of 2025. Niu San is also the time for long-term investors to enter the market.