Christian talked about his investment experience in the space, very detailed and exciting, sharing some key points with everyone:

While studying in school, I was also starting a business, the fund is called NextGen, achieving 375.5% NAV from March 2023 to March 2025, outperforming Bitcoin by 67.3%.

Now not much is being sold, the bull market hasn't reached its craziest point yet, so I want to wait a bit longer to avoid projects that are abandoned by the main players.

I will gradually start selling Bitcoin when it reaches $120,000. If Ethereum rises to $4800 or even breaks $5000, I might sell my holdings.

I heavily invested in GBTC and Coinbase, just when FTX collapsed and market sentiment was low, Coinbase dropped by as much as 90%, and GBTC also showed a huge negative premium. We judged this to be an irrational mispricing driven by sentiment rather than fundamental issues. Therefore, we made a significant bet that these two would outperform Bitcoin.

There are also two counterexamples — the native token of Arbitrum and GMX. These two are projects where I have incurred significant losses in my investments, and can be said to be among the few secondary targets that have actually caused me to lose a substantial amount so far.

Three factors — team dynamics, token structure control, and consensus building on concentration — will be my main judgment framework for investment projects.

The investment mindset can be summarized in two sentences: never let your position exceed the limit you can bear, keeping the investment position within 30% to 50% of total assets is a relatively comfortable state.

Trust logic, not emotions or beliefs. If the logic still holds, then you must stick to it and not be swayed by short-term market fluctuations. Like when I invested in Coinbase, even though I suffered significant losses, I believed that its fundamental logic had not changed, so the more it dropped, the more I wanted to increase my position.

Full text:

https://t.co/QvCXBFXipX

Audio: