Recently, I've been looking at PFPs and memberships again, and honestly, many times it's not about "long-term value," but more about first drawing attention, then seeing if it can really become a brand and rights. When I was a beginner, I always misunderstood: expensive avatar = strong project = buy early for stability. Now I understand: whether it's expensive or not is just an emotional thermometer, whether it can deliver continuously and whether the community can be self-consistent are what really matter.

I still have the old problem: the more excited I get, the more I want to act, but I will write the entry conditions rigidly: rights realization path, liquidity depth, whether I can accept impermanent loss... If it crashes, I just take it as tuition. Recently, the wave of privacy coins, mixing coins, and compliance boundaries has been a headache; the same PFP, explained differently in different circles, attention comes quickly but also disperses quickly. Anyway, I focus first on realization, not falling in love with slogans.