The Mistakes of Silly Brother in This Cycle 1. Last year, Silly Brother made a judgment, but now he has made a ridiculous mistake. It's outrageous that as BTC prices rise, funds haven't flowed out into the BTC ecosystem. BTC is different from all other public chains. Mainly driven by external funds from ETFs, BTC has risen. These funds will not enter the ecosystem. In addition, people who hold BTC for a long time have a very high threshold. Subsequently, competition from the Sol ecosystem quickly emerged, missing the opportunity. 2. Meme's first level position is insufficient. Sha Ge has been playing meme gradually since 23-24, but the biggest problem is that he has underestimated the big opportunity. The profit multiple is considerable, but there was no initial heavy investment to play. By the time silly brother expands his small position, he has already missed too many opportunities. Essentially, it is an overestimation of the randomness of meme, and there are actually a series of strategies that can be found to enhance the systematic returns. 3. Underestimating the retreat of shanzhai after November 25 years. Although subjectively pessimistic and reducing positions, even old mountain strongholds like CRV with good fundamentals have continued to decline. We have relaxed our vigilance towards fundamental types of targets. Objects like Solve and CRV are underestimated from a fundamental perspective. But later on, Silly Brother realized that these were all fundamental illusions. This led to the shrinkage of Silly Brother's knockoff warehouse. But it's okay, minor injuries. 4. Insufficient estimation of the challenges encountered by ETH. During this bull market, Shage wanted to replace ETH with BTC several times because according to historical rules, BTC has an advantage in rising first. However, Silly Brother doesn't want to be too opportunistic and let it backfire. But Silly Brother did not fully anticipate that Sol's meme rise would make ETH lose its uniqueness. Resulting in ETH oscillating and falling against BTC and SOL. Although there has been significant improvement in this situation recently. The targets mentioned by the silly brother above are not hopeless in the future. The market is dynamic, like a rushing river, how magnificent it is. Looking back at history, I always feel it's simple. Deep inside, I always feel that there are countless rivers leading to the future. This is also where Silly Brother loves investing, games that are too simple are not fun.