It’s raining outside and the traffic is so jammed I start to doubt my life. Even my coffee is already cold... I find that this “floating loss” thing is even more gloomy than the weather. It’s clearly just a number on paper, yet my brain automatically pairs it with some BGM: What if I keep losing more and more? Should I cut? And what if it rebounds after I cut? Floating gains are surprisingly Zen. Even when it goes up a bit, I still feel it’s not enough, and before bed I still want to make another push.

In plain terms, it’s loss aversion. The sting of losing 1 can outweigh the happiness of making 3. Whole person just gets dragged along by those “red numbers.” Recently, all those new L1/L2 are issuing incentives to pull TVL, and old users are complaining about “digging, withdrawing, and selling.” I watch on-chain funds swell and then run off again and again, and my mindset is even more likely to collapse: when I’m making money I’m afraid of missing the peak, and when I’m losing money I’m afraid of going to zero. Anyway, what I do now is to check the charts less; if I really want to buy, I buy in parts. Otherwise, my name wouldn’t be called that for nothing.