I set a rule for myself: when I see PFP, members, brands, and such things, don’t rush to be carried away by the “sense of identity.” At least wait a night before deciding whether to spend money. Honestly, attention is too easily borrowed away; what’s lively today can be gone tomorrow. On-chain data looks like a climate chart—temperatures drop after a gust of wind.

For long-term value, I prefer to focus on two points: whether there is continuous delivery (even if very slow), and whether the community is only relying on new stories to survive. Recently, everyone has been talking about rate cut expectations, the dollar index, risk assets moving up and down together. I’m even less interested in buying “a sense of belonging” on an emotional wave. Anyway, I’d rather miss a short-term hype than ruin my long-term position mindset. That’s all for now.