Author: Yuyue

My starting point for entering the circle was also an airdrop, but the current airdrop model has undergone quite a large change. As a crypto trainee with a verifiable track record, I will elaborate on what should be done next. This article is mainly aimed at players with small capital to popularize some core ideas.

"Harvest hair in a bear market, trade coins in a bull market; large MC memecoin does not roll, big hair does not roll"

The most core thing is: lower expectations.

Whether it's the secondary market, the primary market, or farming-like airdrops, one should recognize that the crypto industry has entered a bear market in terms of valuation. I've said many times before "return to common sense". In a sluggish market, excessive emotional premium will be deflated for value reversion. If you can lower your expectations and not be too greedy, that will be the foundation for persisting in the bear market.

Before harvesting hair, the most important thing to understand is: what is the essence of harvesting hair?

• Harvesting hair is a secondary market participation channel, with certain similarities to primary investment;
• Airdrops are currently a marketing tool used by projects to acquire customers and boost data;
• Harvesting hair is not a guaranteed return activity, it is also a form of investment, and the project may not even promise a return.

Based on the above three points, you will find one thing - that the main group of this round of primary investment, the vast majority of VCs, actually don't make money at all, and the rule of primary investment is to invest in a bear market and harvest in a bull market.

In the history of airdrops in recent years, all the simple big hair have almost come from the bear market, such as APT and ARB, which have emerged in situations where the secondary market sentiment is not so good, and the cost of capital and time for retail investors is not so high, especially Aptos, which is even at the A8 level of the test network.

However, the second half of last year was basically a bull market, and if you do primary investment in a bull market, the probability of being reversed is necessarily high. If you can understand that the essence of harvesting hair is an uncontracted primary investment, you will find that being reversed may just be the norm.

Let's review the timeline of Nillion, this project raised funds in Q3 last year and launched its main participation activity for retail investors, right in the two most active quarters of the secondary market last year, and now the TGE is at the worst point of the secondary environment... Essentially, this is a problem of timing.

So what should we do now?

Watch more, do less

Even in a bear market, there are often unexpected opportunities, like the $COCORO the other day, which was a large MC memecoin. With a slower pace, there are still opportunities to make money, it just depends on how to judge the level of the narrative.

On the basis of watching more and doing less, don't be too greedy, being able to earn a few tens of thousands of dollars is already very good.

Harvesting hair and farming can still be done, just don't expand the plus sign to increase capital investment

If necessary, you can do more daily hair harvesting. If you can lower your expectations, there are still quite a few easy daily jobs in crypto, such as the Binance wallet IDO task which pays a few hundred dollars per task, the OKX Cryptopedia activity, the Bybit Solayer & Launchpool activity, these are basically airdrops that will definitely be distributed, it's just that people usually look down on this small amount of money, which is a problem of expectations.

And when harvesting hair, think more and review more, which can also improve your industry knowledge, rather than just doing it like hitting a gong. For example, how to improve your efficiency? The process of programmatically collecting information? How to organize and plan the project and knowledge base? These are all ways to optimize.

Self-improvement

If you can read, go read some books, especially to improve your learning ability. Learning languages, improving your education, can all have very practical benefits.

Exercise, to create a good physical foundation for the bull market.

Believe that large MC memecoin does not roll, big hair does not roll. Try to find places where there are still dividends, rather than just following others to do whatever.