Thanks for the cats 🙏 This principle is very applicable to investment and business management, especially VC venture capital Then use the way of thinking of the currency circle to be more detailed Venture capital investment is a high return, so it must be entered at the beginning of the industry (about 5% progress of the industry life cycle) However, because there is a lot of pseudo-demand and fake tracks in the market, many investments lose their financial utility or go straight to zero At this time, it is necessary to test the allocation management and personal anti-risk ability of investors, and most people make money by making money from the portfolio, allocating money to the overall return of a cycle In the cryptocurrency world, the closest group of people is the alpha crowd, and these people will make a fortune with a small amount of money But it seems that there is not much money invested, but in fact, more energy and effort are invested When the first wave of bubbles bursts, how to judge whether the industry has a second life cycle The most important indicator here is the influx of users, and the standard for general industrial investors is about 20%, because too few people may be pseudo-demand, and if there are too many people, there is no room for growth There are two main types of tracks in the currency circle 1⃣️ New Asset Hairstyle Way (Inscription NFT Pumpfun) 2⃣️WEB2 TRACK TRANSFER (DEFI AI RWA DEPIN ICM) There are many people who make a lot of money in web3, which is the investment logic at a more macro level I've shared it bits and pieces before, but I haven't described it so systematically I also think what I said is good, but it is difficult to combine knowledge and action, and I hope that everyone can get it and do better than me, and get great results