How do the unconscious changes in the environment affect our wallets? How should we respond???? In the past, some products that had not yet been implemented could push shell projects to valuation levels of billions or even billions based solely on conceptual packaging and market narratives. However, the current market environment has undergone significant changes, and even products endorsed by large institutions with practical implementation value may not necessarily gain market recognition. Looking back at the previous cycle, DeFi、NFT、 Inscriptions, socializing, DID and other tracks are flourishing and taking turns, and market sentiment is high. But as the cycle evolves, the narrative gradually becomes weak, emotions return to rationality, market value sharply declines, official funds withdraw, and most project values have fallen to rock bottom. This reflects a fundamental shift in the market environment. If we still stick to our past thinking and strategies, and continue to use our investment methods, we may face huge risks. Taking the experience of "Ziqi" as an example, in the previous cycle, he gained ten to twenty times the return by holding altcoins on average. However, in this round, he followed the same strategy but encountered an average drop of ten to twenty times. This fully demonstrates that due to different market environments, the investment logic of the past is no longer applicable. So, is there still an opportunity in the market? I think opportunities still exist, and the key is whether we can continuously optimize and adjust our strategies according to market changes. Specifically, we can start from the following aspects: The grooming strategy needs to be more refined: we should no longer blindly cast a net, but focus on strategy and execution efficiency, and achieve "precise grooming". The logic of the secondary market has changed: relying solely on narrative and endorsement is difficult to support valuation, and it is necessary to strengthen monitoring of market makers' movements and improve the timeliness of capturing emerging trends. Grasp the rhythm of information dissemination: Taking the recent outbreak of the privacy track as an example, when there are signs of overseas markets, the domestic trend has not yet emerged, and at this time, layout can still gain several times the profits. The fermentation of any information requires a process, not immediate results. On chain opportunities still exist: For most retail investors, on chain is still an important way to quickly accumulate capital through small gains, and may even bring excess returns. And how to use tools to improve the timeliness of our information capture needs to be taken seriously In summary, only by recognizing market changes and actively adjusting strategies can we seize opportunities in the new cycle and avoid the risks brought by conservatism. Come on, young ladies