I’ve found that I can’t sleep basically not because of how much I’ve made, but because that little floating unrealized loss keeps hovering there. I haven’t sold, yet my brain keeps automatically running the calculation: “What if it drops a bit further?” The “floating unrealized profit” disappears just as fast as if it doesn’t exist. In plain terms, it’s fear that I’ll spit back out the hope I already have.

After seeing so many forks/narratives crash, it’s even more obvious: losing a little feels like a reminder telling you, “Maybe you’ve picked the wrong side again.”

Recently, those new L1/L2s put out incentives while pulling in TVL. Old users complain about “mine, then sell,” and I get it too. It’s not that everyone doesn’t love new stuff—it’s just that nobody wants to go through the sleepless torture of “sweet first, then it gets taken away” again… Anyway, I’d rather earn a little less now than wake up in the middle of the night and reach for my phone as the first thing. What about you?