Recently, I’ve found that this “testnet points” thing is starting to look more and more like trading. What was originally meant as “practice” ends up, in everyone’s minds, as an “expectation” of future airdrops. Once that expectation gets you, cutting losses becomes hard: it’s supposed to be just a bit of interaction, yet people end up staring at gas at midnight, opening a dozen-plus accounts, and still worrying about sybil attacks—so the emotional cost ends up being more expensive than real money.

I only set two rules for my own stop-loss: time and attention. For example, on any given chain, I’ll tinker for at most two days. If, after that, I still haven’t seen any signs of liquidity/users/ecosystem that look even a little bit decent, then I call it quits. And the other rule is: if it starts affecting how I monitor funding rates and the rhythm of the liquidation waterfall, I just stop. Plainly put, the point of practice is to stay calmer—not to train myself into a Fomo machine.

And lately there’s also that kind of public discourse that tries to force a hard connection between ETF fund flows and U.S. stock risk appetite to explain price movements. If you soak in too much of that, it’s easy to get swept along with the narrative too. Don’t blindly trust the idea that “one line explains the whole world.” First, keep the variables you can control under control. For now, that’s enough.