#我的策略演变 Evolution of Crypto Investment Strategies

Crypto investment strategies continuously iterate with the development of the market and technology. In the early days, it was mainly retail speculation, relying on short-term trading and high leverage betting. After 2013, the entry of institutions promoted the specialization of strategies, with venture capital shifting towards token investments and liquidity strategies. The rise of DeFi in 2020 gave birth to high-risk, high-reward plays such as yield aggregation and liquidity mining. The approval of Bitcoin ETFs in 2021 accelerated institutionalization, popularizing long-term holding and dollar-cost averaging strategies. Currently, market differentiation is intensifying, with institutions focusing on Bitcoin and compliant assets, while retail investors tend to seek refuge in stablecoins and speculate on altcoins. On the technical side, quantitative trading and cross-chain arbitrage have become tools for professional players. Under stricter regulations, compliant strategies and censorship-resistant on-chain investments coexist, with strategy choices increasingly reliant on risk preferences and market cycle judgments.