In the crazy bull market, it is particularly important to seize the critical moment and develop a good mentality. Don’t chase the market, keep researching and stay humble.

Hello everyone, I am the founder of FMG. Today Bitcoin broke through the $100,000 mark. I would like to share with you that after experiencing several cycles, Compare the core bull market principles.

1. Emotional value

In the market, the most important asset is what you give yourself emotional value. Let yourself be full of energy and effort, sleep well, exercise well, and be in a good mood. Only compare yourself with yourself and ride on the back of the bull.

2. Recognize right from wrong

Since 2023, the market has risen by 6% from the bottom Times. If you are still obsessed with fundamentals, unlock volume, and FDV data, instead of jumping into the game and embracing risks, you will completely lose this wave of opportunities.

3. The sad fact: volatility is reduced

Due to the entry of robot trading and the crowding of gamma scalping strategies, BTC’s surge in this round has been greatly reduced. Everyone knows how to rush for funds and short-selling. Protecting profits should be withdrawn and wait for another opportunity. In a game like this, it's really not as profitable as it used to be.

This is why Meme has risen and the market needs more volatility. We also believe that the moment of reversal in odds will come and various sectors will explode. Then the cycle will end and there will be a break.

4. The use of leverage

The time for leverage (contract, margin) should be short. OTC leverage can be used for a long time, and MSTR is such a trader.

5. Use a combination of plummets and surges in the bull market

We need a combination, strategy and risk control discipline to complete. This is how we construct a portfolio: core assets + growth assets + cash positions + speculative assets.

Be sure to hold the first two and don't move them. If I couldn't bear it any longer, I would move on to my last small position, a speculative asset.

6. Understand the risk-return ratio and reduce anxiety

The core asset is stable return. Growth assets have medium to high risk returns, and speculative assets have extremely high risk returns.

If your friend says: "I bought a project that increased five times," don't be anxious, he just bought a low-quality speculative asset. Let me explain why.

7. Core assets: The downside is limited, and the upside is about 2 times

Core assets, It is an asset recognized by certain Ministry of Finance, listed companies, and financial institutions. Novices who don't need to be too experts know that this thing is good. You can judge it just by trying it. There is only one name. Your goal is to hoard more and more core assets in the market.

Don't have too high expectations for core assets, don't be obsessed with 200,000 or 500,000, wait until the market sentiment reaches crazy selling. Just accept the price at that moment.

8. Growth assets: 4-6 times, Yao Ming among the crowd

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Growth assets are not recognized, but are recognized and supported by certain hedge funds, CEX and Defi, and they have greater liquidity.

Duan Yongping once said a game, how to find Yao Ming in the crowd? When most people see an ordinary person who is 1.9 meters tall from a distance, they think he is Yao Ming. In fact, it is very simple. When Yao Ming enters the restaurant, the restaurant will definitely be a sensation.

Growth assets are often in line with the public’s cognitive abilities and do not require technical knowledge. Apart from BTC, they are the things that outsiders can name most. Ethereum, Solana, Doge, and BNB are all considered Yao Ming among the crowd. If there is a very novel thing, the potential increase is not as good as them, or only a little higher, but the liquidity is far worse than them, then it is not as good as holding growth assets, it is recommended to skip it.

In a crazy market, growth assets are often enough to bring 4-6 times or even higher returns, and are relatively stable.

Speculative assets belong to professional players.

YC's entrepreneurial bible says that you must provide a user experience that is 10 times better. Speculative assets must also create a return rate of more than 10 times to be worthy of the risks you take.

So when your friend shows off how much he has made, you should see if this is a shoddy speculation.

PNUT Rising more than 10 times in 30 days

10. What is successful speculation?

I describe it Let’s take a look at the three characteristics of speculative assets. Those with these abilities can achieve 10 or even 100 times.

The first type is the dark horse of the strong. p style="text-align: left;">The top 50 in market capitalization have often experienced hardships in many cycles. It must be admitted that this market capitalization is not easy to achieve. It is impossible for a fast horse to increase so much in a short period of time, but if it can squeeze into the top 50, it will be firmly Hold on to him. Network effect, the strong are strong.

The second category. It’s a new species

New species are things we have never seen before. For example, AXS in the last cycle actually allowed Filipinos to make money playing games? For example, with AI Meme this time, a conversational robot can actually become a digital asset? We You need the same funds as a scout to lay out and learn them.

The third category, bias and low valuation.

Because there are enough unpopularities and enough underestimations, the squat is low and the take-off is high.

So, the unpopular and underestimated often Scarce as pearls

When everyone is busy hyping popular topics, they forget about them. Every good news will stimulate the entire side track, and small market capitalization can easily take off. For example, POL, CRV, HNT, etc.

Summary

In general, speculative assets are very difficult. We use the money protected by profits to invest and hold them, and leave the rest to fate and time. If you stare at the absolute return rate every day, you must do it Not good at this.

I think an investor who can make profits from investing in BTC and growth assets, and who insists on doing this, is a responsible, disciplined, and systematic pursuit of Alpha who can manage money. People. FMG is such an investor.