Recently, I've been looking at PFPs and memberships again, honestly many times it's not about "long-term value," more like 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 and be stable. Now I understand: whether it's expensive or not is just an emotional thermometer, whether it can continuously deliver and whether the community can be self-consistent are the key.

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