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Block Dream Fund: Resistant to greed and fear

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Block Dream Fund, a subsidiary of OKEx, summarizes the investment experience in the primary market.

Block Dream Fund Investing Tips: Resisting Greed and Fear

Original source: Block Dream Fund

From March 28th to March 30th, CANDAQ TopVoice Open Days hosted by CANDAQ Fintech Group and Linread was held in Hangzhou. The conference focused on hot topics such as cross-chain, NFT and storage. Dora, founder of Block Dream Fund, was invited to attend and participate in the round-table discussion.

Centered on the theme of "Investment Strategy and Directivity Judgment of Investment Institutions", Dora, NGC partner Zhu Weiyu, Head of Investment DFG Joanna, Multicoin Capital partner Mable Jiang, jointly accepted CANDAQ Founder & AMP; CEO Lin Zihao Moke's question.

Dora said that Block Dream Fund, as a VC brand under OKEx trading platform, will focus on four major tracks in 2021: infrastructure (Layer2, a public chain to solve technical performance, improve efficiency and expand capacity); Trading and financial projects (DEFI derivatives/aggregated DEX/ synthetic assets/prognostic/insurance); Ecological items (Boka Ecology, IPFS Ecology, SOL Ecology, Near Ecology; Tools (data analysis/technology service provider/plug-in/privacy protection/blockchain browser/wallet /NFT).

Based on these tracks, Block Dream Fund frequently lays out in the primary market, and constantly provides resource support and service for high-quality projects. In this process, Dora summed up four tips: one is to follow the principle of "three thousand weak water, but take one", choose good projects selectively, and resist "greed" and "fear"; The second is to adhere to master - period doctrine; The third is to admit that they are students of the market, and continue to learn and think about and use; Four is to announce the new trend of industry development, never leave the card table.

The following is a transcript (excerpt) of the roundtable:

Lin Zihao:From a blockchain investment perspective, cyclicality is obvious. The basic cycle is 3-4 years, the last peak was in 2017, this time is from 2020, so the first question would like to ask you investors about the investment cycle of this issue, whether your investment strategy is changing between bulls and bears, the last round of bear market, the bull market, and the next bear market what are your plans? How long do you think this rally will last and what are the signs that it will end with?

Dora:The primary market has a strong cyclical nature, so our investment strategy will be adjusted randomly according to market trends and user sentiment as well as changes in the economic environment. For example, from the end of 2020 to February, we prefer to invest in hot trends, and then we will focus more on master track and value investments.

The current primary market is very different from that in 2017 and 2018. Practitioners have a stronger professional background and understanding of blockchain technology. The project also focuses on the market pain points to solve practical problems, and at the same time has a better understanding of the market and user needs.

In addition, the trend and direction of hot spots are more clear, like DEFI/Poka Ecology /Layer2/NFT/IPFS and so on, wave after wave. Hot continuous change, corresponding to the expectations of users and can attract new funds and flow is beyond doubt, so this wave of market I think is a continuous state of slow cattle, will continue to move forward in the shock.

The end of the bull market is marked by the following aspects: 1. Market user analysts are bullish; 2. A large number of new projects appear, with increasingly poor quality and higher valuations.

Lin Zihao:Each institution has its own investment focus or track focus. Please share with us your investment vision and layout from 2020 on which track. What track will be the focus in 2021?

Dora:1. Infrastructure: Layer2, the public chain that solves technical performance, improves efficiency and expands capacity; 2. Trading and Financial Items: DEFI Derivatives/Polymerized DEX/ Synthetic Asset/Predictor/Insurance; 3. Ecological items of the hot baggage public chain: Boca Ecology, IPFS Ecology, SOL Ecology, Near Ecology; 4. Tools: data analysis/technology service provider/plug-in/privacy protection/blockchain browser/wallet /NFT.

Lin Zihao: Among the four guests, Block Dream Fund is a VC with an exchange background. So I would like to ask whether you have different perspectives and considerations when looking at the project from this background, whether the project itself is higher than the operation strategy of the exchange, or whether the project you invest in serves the strategy of the exchange. Recently, I have seen you make a lot of efforts. Although you have not been established for a long time, you have achieved many achievements. Do you have any experience to share with some pure VC institutions?

Dora:As a VC under the trading platform, what we have in common with other institutions is that we have faith in the blockchain industry, and are willing to improve resource support and service for high-quality projects, to provide value for their development, to accompany and certify the birth of killer projects together, and to create value for the industry with high-quality projects.

The difference is that we need to help the ecological layout and traffic master of the trading platform while cooperating with the project investment. Of course, the two are not in conflict. For high-quality projects, the resources and traffic of OKEx platform can quickly help the development of the project, quickly gain market attention and improve its brand awareness.

My main points are as follows:

First, we should follow the principle of "three thousand weak water, but take one gourd". On the one hand, we should be selective in investment, identify good projects, and make our own gourd bigger, stronger and deeper every day. On the other hand, we should know how to give up, because money can never be earned. Making money in investment is not what you invest, but what you don't invest. Be able to resist greed and fear.

Second, adhere to master - control doctrine. Making a lot of money is a master's victory. If you don't look at master's, just look at a quarter, a year, or even a few years, many of your decisions will change. When you let the cycle master, a lot of things are easy to understand.

Third, to admit that they are students of the market, and continue to learn and their own thinking and use in order to continue to progress, continuous input in order to continuous output.

Fourth, stay alive in the blockchain industry and hopefully enjoy the dividends of the industry. Never leave the poker table.

Lin Zihao: I would like to know your investment layout and consideration for the second half of 2021, or your judgment on the market. Many people say that there is a bottleneck to achieve a certain degree at the first level. For example, we are now unable to invest many funds. After a certain volume is achieved, many funds begin to transfer to the second level.

Dora:Now we focus on the primary market, Block Dream Fund is the easiest OKEx new brand in the field of investment, but in fact, the yi has been investment to support the new project from the aspects of capital, resources, power industry development, is just around the platform before the business and industry trends in the development direction of do, now from the capital level improves the priority, the ecological easily as a Block, Dream, given a new mission, let us as the tentacles to excavate and support a potential project, boost the easy OKEx ecological and flow, Accelerate landing of innovative applications on new tracks like Defi, Boca, Layer2, etc.

Just like the sentimental name "Block Dream Fund", we hope to grow together with aspiring and practical blockchain entrepreneurs, and at the same time share the resources and technical experience of OUYI with entrepreneurs.

Mr. Lin: If the bear market comes in the second half of the year, what will everyone do or have any plans to survive the winter now?

Dora:We will continue to focus on the tier-1 market for value investment. In fact, the tier-1 market will slow down after the market pullback. We can avoid a lot of noise and further segment track research and analysis.

Lin zihao: we know that the poka card slot auction is coming, as an organization that more or less invested in the poka ecological project, how do you participate in the card slot auction and what support do you have?

Dora:OEE-OKEx supports the parallel chain card slot auction service of Poka ecological project. Users of the platform can directly lock DOT for projects that are supportive or optimistic about the project, which helps the project party to get the help of a large number of users who hold DOT at a relatively low cost and quickly. At present, OEE-OKEx has been connected to more than ten projects of campaign card slot auction.

About Block Dream Fund

Block Dream Fund is a Fund under OKEx, a top digital asset trading platform, which focuses on exploring high-quality blockchain projects, with an initial scale of 100 million US dollars. The fund focuses on investing in blockchain infrastructure, Layer2, Defi, Boca Ecology, data analysis and tools, privacy protection and other directions.