Encryption Investment Experts Discuss Experiences and Lessons from This Cycle

Recently, Mint Ventures invited two encryption investment experts, Jiang Xin and Yu Zhong Kuang Shui, to have an in-depth discussion on "the experiences and lessons of this cycle." Here are the key points of the conversation:

Judgment on the Current Market Stage

• Bitcoin is in the mid-phase of a bull market, while altcoins have entered a deep bear market.
• The market shows a differentiated trend, making it difficult to summarize with a single cycle.
• Bitcoin, large-cap altcoins, small-cap altcoins, and encryption concept stocks each show different trends.

Reasons for the Significant Increase in Investment Difficulty

• Insufficient liquidity, lack of obvious interest rate cuts and monetary easing
• The encryption industry lacks internal innovation and has insufficient appeal to both insiders and outsiders.
• The project party lacks motivation after financing and lacks a long-term development plan.

The correct operation for this cycle

• Buy the dip moderately when Bitcoin crashes
• Timely liquidate part of the altcoin positions
• Focus on hot narratives like AI Agent and plan ahead.

Investment Mistakes and Lessons Learned

• Overly pursuing high returns while ignoring risk control
• Blindly betting on the rebound of altcoins
• Insufficient consideration of structural changes in the market

Judgment on the Shanzhai Season

• The comprehensiveness of the replica season is difficult to reproduce.
• There may be localized, short-term altcoin markets.
• Need external positive stimuli, such as technological breakthroughs or monetary easing.

Thoughts on Cross-Chain Investment

• There are opportunities in traditional markets such as the US stock market.
• Encryption experience may become a short-term disadvantage
• Need to learn the new market rules and investment logic
• It is recommended to focus on familiar areas and cautiously expand your capability circle.

Overall, experts believe that the current encryption market has entered a mature phase, and the difficulty of investment has significantly increased. It is recommended that investors lower their expectations, implement risk control, focus on leading assets such as Bitcoin, and approach altcoins with caution. At the same time, it is important to maintain an open mindset and pay attention to emerging opportunities.