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A few days ago, I saw someone being influenced by memes and celebrities shouting buy signals, rushing into the group en masse.
I felt a mix of amusement and anxiety: attention shifts like this, honestly, it's very easy to end up taking the final hit.
My own simple method for judging credibility as a "newbie" is pretty clumsy: first, check GitHub, not to see how awesome the code is, but to see if there are continuous updates, whether people are seriously raising issues, and if the team responds—avoid those with complete silence.
Then look at the audit reports, but don't obsess over the details; just scan the conclusions and whether issues are marked as "fixed" or "unfixed," especially those related to permissions.
Next, check the multi-signature upgrade—look at the number of signers, the threshold, whether the signers are decentralized—don't just glance and think "one person can change everything."
I’ve been burned once: at that time, I didn’t understand the protocol mechanism, and the audit report even mentioned "acceptance of certain risks." That made me reflect deeply…
In the end, the only takeaway is: if you don’t understand it, don’t act. Missing out is okay; the market won’t wait for me to be calm to give opportunities.
That’s all for now.