Every July and August, people from all over the country come to Dali to escape the heat. Recently, I have been busy receiving friends and feel like I am almost out of my circle. I need to change. In the morning, I watched an interview with Old Sun @ sunlc_crypto on OKX Planet Live from beginning to end, which inspired me a lot. The most profound feeling was not to hold altcoins for a long time, which is also the biggest pit I have stepped into in the past few years. Recently, I have been reflecting on how much money I used to make by trading coins, but in recent years, I have only been seeking to recoup my investment. The reason behind this is that the market environment has changed, and the so-called "shanzhai season" is gone. The era where holding coins could lead to price increases may be gone forever. However, the market is prone to the emergence of some demonic coins, which can rise many times in a short period of time, creating some illusions for everyone: the coin I hold will also be the next demonic coin. 99.99% of the coins continue to fall, and the probability of winning a demonic coin is lower than winning a lottery. For the above issues, Lao Sun's strategy is worth considering: first use professional skills to obtain arbitrage and DeFi excess returns, and then exchange the returns for high-quality assets to enjoy the beta returns brought by the overall market rise. Many people may think that this strategy makes money too slowly, but by extending the timeline, it can outperform the vast majority of investors. Think about inscriptions meme， Only those who end up with mainstream assets such as BTC or ETH and end up losing money during each craze will have the last laugh. On the contrary, if you do not respect the market and believe that you are a trading genius who can always "win half the day", the outcome is often that the coins in your hand become more and more unwilling to sell, and you only cut off when they are close to zero. Not only do you miss other opportunities, but you also make your own state very poor. As the saying goes, those who can buy are apprentices, and those who can sell are masters. In recent years, we have lost too much money due to the pattern, it's time for a change.