A common sense: what will make you crash in the end of each Bull Market is the desire to make more money than you can imagine.

The process of a bull run must be accompanied by various innovations and continuous surges, telling you that you must enhance your cognition, otherwise you won't make much money, and can only feel as uncomfortable as being left behind with just a few coins every day. But when you endure and endure, until you can't stand it anymore and finally choose to join, you are probably the last one to join.

There is certainly real innovation in it, or as long as there has been a frenzy, it is considered innovation, after all, many people did make money. But few will definitely remain after the excitement.

So at this point, it's actually contradictory. It's not realistic to not participate in anything, after all, everyone comes to the crypto space to pursue higher alpha returns by embracing new things. Just relying on the beta of a single coin clearly cannot satisfy the majority of people.

After experiencing the painful lesson of the last round, I have summarized that curiosity should outweigh purchasing power when it comes to new things.

In other words, your interest in a new concept/sector/field/trend, your research on it, your understanding of it, should be greater than the money you put in. The most taboo thing is that you don't study it, but rush in when you get excited, and end up making profits and losses in a muddle.

The stage most likely to make you lose money is always the stage where everyone is shouting 'let's rush in before doing any research'. I'm too familiar with this sentence, from the earliest dog coins, to later mining coins, then to small pictures and game coins, and even to the most fervent times later.

You must have curiosity first, really willing to study, and find the investment method that you really think can achieve a higher multiple, and then invest. Oh, by the way, of course, it is to pursue high multiples with a small amount of money, this is the correct way to open alpha.

There are also some concepts that you understand very well, which is a game of fools. You also need to look around to make sure there are no fools who are even more foolish than you to take over, and then proceed. If you look around and don't see anyone who can take over your position, then you are probably the one taking over.

Just casually talk about these things, always keep a curious and awe-inspiring heart towards new things. Always be the type of investor who says, 'I'm f*cking awesome at this game you guys are playing,' and never be the type of investor who says, 'What's the big deal, isn't this just blah blah?'

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