At this stage, it is neither the time of 'blindly buying and earning' like in 2021, nor the 'blindly buying and losing' phase of the 2018 bear market, but rather: a phase where 'smart money trades hot spots, and retail investors chase high prices and get cut.'

The biggest risk at this moment is not buying the wrong coin, nor buying too slowly, but rather:

You haven't figured out where the money is flowing, and randomly buying will lead to being 'harvested' by the 'market illusion.'

For example:

If the hot spot is AI and you buy DeFi, it's like getting on the wrong bus;

If the hot spot is in the Ethereum ecosystem and you buy an obscure Layer 1, no one will take over;

If you rush in during market fluctuations, you might experience a violent correction of 10-30% before you even make a profit.

Suggestions:

1. Wait until there is a 'sector hot spot' before taking action.

2. Participate in hot spots using a 'small funds testing + incremental investment' approach.

3. Don't touch 'obscure coins' if you don't understand them.

4. If there are no hot spots, it’s better to rest than to operate blindly.