Recently, I've been thinking about interest rates again. Basically, they are like gravity: the higher they are, the less people want to take risks, and positions naturally stay conservative. It's not because everyone suddenly becomes timid, but because the opportunity cost is right there: the same money, if left idle, earns "interest," so why should I bear the volatility? Conversely, when interest rate expectations loosen, risk appetite is like being pumped up, and people start daring to push their positions forward.

Social mining, fan tokens, that "attention is mining" approach—I feel it's a bit like treating emotions as fuel... Short-term excitement is lively, but if attention becomes too superficial, it can easily lead to rushed operations in positions, chasing after each other. (I'm also afraid I might get itchy hands someday.) Right now, I try to: when macro is tight, I move less; watch technological progress gradually, like reading star charts—no rush to catch up.