These days, I keep seeing the phrase "massive growth in on-chain pools" in blockchain games. My first reaction isn't to rush in, but to check whether the chain is congested and if active addresses are just a passing trend. Basically, the economy of many blockchain games boils down to two words: output. When the output is too explosive, inflation skyrockets like a floodgate opening, and the small amount of real gold and silver in the pool gets squeezed until it feels weak, making everyone dig less and less valuable. In the end, all that's left is a "race to withdraw speed."

On the macro side, it's quite interesting too. When expectations of interest rate cuts emerge, I also get confused by discussions about whether the US dollar index and risk assets will rise and fall together… Anyway, when sentiment heats up, blockchain games are easier to pump up, but whether they can sustain depends on whether there is endogenous demand.

My very simple method to avoid impulsive orders is: first, turn off the trading page, go eat or take a walk, and when I come back, I only allow myself to place a small test order; if I still want to go all-in, it means I'm betting on emotion, not understanding. That's how I start.