Lately I've been a bit scared... Recently I almost got fooled again by the "Milestone" PPT into adding to my position, my hand almost went to the leverage button. Remembering the lesson I was taught before, I forced myself to check the on-chain treasury expenditures. Honestly, now when I evaluate projects, I don't pay much attention to their proclaimed visions; I mainly look at where the money is going: Is it paid directly to the people doing the work (developers, auditors, infrastructure), or is more of it flowing into "ecosystem collaborations" and "market promotion" pockets that don't produce visible results? Also, don't just look at the milestone timeline; you need to see if the spending rhythm matches it: Has the money been spent, and have the code/product/proposals been implemented accordingly? Otherwise, it's like burning fuel quickly but the car isn't moving. Recently, the expectations of rate cuts and the dollar index are shaking risk assets along with it, making the sentiment easily get carried away... Anyway, I now prefer to go slower, keep my positions smaller, and not let the capital curve teach me a lesson again.