Crypto Survival Code: Fighting Hair in Bear Market, Counter-Speculation in Bull Market

Author:Yuyue

The starting point of my entry into the circle is also airdrop, but the current airdrop mode has changed quite a lot. As an encrypted trainee with a track-choice ability and historical record, I will talk about what I should do in the future. This article mainly focuses on players with small capital to popularize some core ideas.

"Fighting hair in the bear market, speculating in coins in the bull

market; gold dogs do not curl, big hair does not curl"

The most core is: lower expectations.

Whether it is level 2, level 1, or farming like airdrops, which is similar to level 1 and a half, we should realize that the crypto industry has entered a bear market in the valuation dimension. I have said many times before that "return to common sense" that when the market is indifferent, excessive emotional premium will be eliminated and returned to value. If expectations can be lowered but not too greedy, it is the basis for continuing to work in the bear market.

Before urging hair, the most important thing to understand is: What is the essence of urging hair?

• Hair masturbation is a first-level and semi-market participation channel, and its essence has certain similarities with first-level investment;
• In the current version, airdrop is a marketing tool that the project party plays a role in order to acquire customers and improve data;
• Picking hair is not necessarily a return, it is also an investment, and the project party has not even confirmed the return promised.

Based on the above three points, you will find one thing, that is, the most important group of this round of first-tier investment - most VCs are actually not profitable at all. Moreover, the rules of first-tier investment are bear market investment and bull market harvest.

All the simple big hairs in the history of airdrops in recent years have almost come from bear markets. For example, APT and ARB are all produced when the secondary market is not so good. The capital and time costs of retail investors are not that high, especially the big hairs at A8 level on aptos and even the test network.

However, the second half of last year was basically a bull market. If you make first-level investments in a bull market, the possibility of being beaten is bound to be high. If you can understand that the essence of masturbation is a first-level investment without a contract, you will find that being masturbated may be just the norm.

Let’s look back at nillion’s timeline. This project raised funds in Q3 last year and started activities that retail investors mainly participated in, which happened in the two most active quarters of the secondary market last year. Now TGE is the worst time in the secondary environment... In essence, this is a matter of timing.

Finally, what should we do now?

Watch more and move less

In the bear market, there are often some unexpected opportunities. For example, $COCORO two days ago is considered a big golden dog. There are also opportunities to make money when the pace slows down. It depends on how to judge the level of the narrative.

Don’t be too greedy on the basis of watching more and moving less. It’s already very delicious to earn tens of thousands of u at a time.

You can still do it by plucking hair, but don’t expand and increase capital investment.

If necessary, you can work more often. If expectations can be reduced, there are still many easy daily workloads in crypto, such as the binance wallet's ido task number for a few hundred u, the okx cryptopedia activity, and the solayer & launchpool activity for bybit. These are basically airdrops that are sure to be issued, but people usually don't like this little money, which is the expectation issue.

Moreover, thinking more and reviewing more when urging hair can improve your industry awareness, rather than just doing it like ringing the gong and silk thread. For example, how to find a way to improve your efficiency? The process of programmatic collection of information? How to organize projects and knowledge bases in an organized and planned manner? These are all ways to optimize.

Self-improvement

If you can read, read a book, especially to improve your learning ability. Learning language and improving academic qualifications can all have very practical benefits.

Fitness creates a good physical foundation for the bull market.

I believe that the golden dog does not curl, and the big hair does not curl. Find where there are still bonuses as much as possible, rather than doing whatever they do with others.