Develop a departure plan based on the average cost and try some thought experiments at the same time.
Written by: Jesse Walden, founder of Variant Fund Translation: Lu Jiangfei
Jesse Walden is the founder and investor of Variant Fund. He has worked for a16z, Spotify, MediaChain and other companies. In response to the recent cryptocurrency market boom, he has expressed some views on Twitter, as follows:
Jesse Walden, founder of Variant Fund
If you log in to Coingecko, you will find that the cryptocurrency trend is gratifying. There are many people in my private messages asking questions about cryptocurrency. This feels like returning to the cryptocurrency bull market in the fall of 2017.
The cryptocurrency industry has made a lot of substantial progress, which is indeed comforting, but at the same time the noise in this field is also getting louder. During the crazy bull market, it may be really difficult to concentrate, so I hope to give BUILDer some advice and tips:
- Make an exit plan based on the average cost. Once the market goes crazy, recover funds according to this plan.
- Beware of unethical investors who are playing short-term/limited numbers games.
- Try some thought experiments, such as: exploring where the next bear market will reach the bottom; assuming that when a large number of users lose money, will your product/protocol still be successful?
Source link: twitter.com
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