Source: Liu Jiaolian

BTC made another strong effort overnight, reaching another $100,000. Some netizens discovered that in the last bull market, which was the altcoins and meme coins that hit new highs in 2021-2022, none of the top 50 cryptocurrencies by market value outperformed BTC through bulls and bears.

Assuming that BTC is worth 100,000 U.S. dollars, ETH should rise to more than 7,000 U.S. dollars and UNI should rise to 70 U.S. dollars, but they are still only advancing to 3,800 U.S. dollars and 17 U.S. dollars. nearby.

Therefore, the return rate of JiaoChain’s positions reveals the “self-defeating” nature of the last round of copycat layout: BTC 495.6%, UNI 55%, and ETH 48.6%.

If calculated based on the increase in BTC relative to the previous high, the yields of UNI and ETH should reach 538% and 174% respectively.

The ideal is very full, but the reality is very skinny.

Countless newbies enter the market in each round. They are all eager to try, and they always feel that they can easily defeat the market and outperform BTC. Take out real money and play around, and you will know how much you are worth.

You think it’s worthless. Whether you can do it consistently is worth a thousand dollars.

Secondary market investment often tests an important quality of a person: honesty.

Be honest with yourself. I can clearly understand how many kilograms I carry. I honestly admit that my level is average.

Knowing is knowing, not knowing is not knowing, this is knowing. In English it is called intellectual honesty.

The return on a position is often directly proportional to your honesty.

The more honest you are, the higher the rate of return.

The more arrogant you are, the faster your position will be lost.

The teaching chain has seen many arrogant and arrogant people, but none of them can survive through bulls and bears.

Be honest and be cautious. Only by starting carefully can you end carefully.

It is often in hindsight that we realize the importance of “risk control” beforehand. There are several risk control measures that Jiaolian did at the beginning:

First, hoard BTC first. Only after the BTC position goal is achieved, excess funds can be allocated to other varieties.

Second, BTC positions are ballast, and selling BTC for other assets is not allowed under any circumstances.

Third, the proportion of a single copycat position should be controlled within 10% of the BTC position.

The opposite of risk control is of course that the contribution of copycat income to the overall rate of return is reduced. So even if you encounter a good market, it will just sprinkle water on the entire plate.

This tells us a principle in life: there is no corresponding price for anything profitable.

Many times, when you see a good thing, don’t rush into it first. Please think about it firstThink about what the price is.

A good thing without price must be a trap.

If you cannot bear the cost of risk, you are powerless. It is foolish not to know the price of risk.

Whether it is weakness or stupidity, it is a stumbling block that hinders our success.

The solution to powerlessness is hard work. The stupid solution is to learn.

Everyone can achieve success by working hard to make money, studying hard, guarding against arrogance and impetuosity, and neither being greedy nor lazy.