I’m more interested in whether a project is legit or not, and I don’t start by staring at the K线. Instead, I go take a look at GitHub and the audit reports, and also check whether the upgrade involves multi-signature. Newcomers don’t need to pretend they understand code: I usually just look to see whether the update frequency has gaps, whether issues/PRs get serious responses, whether the audit is a “real report” or just a one-page PPT, and who holds the key permissions (a multi-signature made up of several people, whether those people are distributed, and whether someone can freely modify the contract). In plain terms, it’s about confirming: when something goes wrong, who can press the button—and how many people need to agree.

Recently, after seeing that kind of inflation + studio + coin price spiral in chain games, I feel even more strongly about it. A lot of crashes aren’t because the technology is too complex—it's because the mechanism is too easy to get exploited, and the permissions are too concentrated. In the end, once panic hits, everyone just starts yelling.

I can stay calm mainly because of one habit: every time I want to impulsively buy, I force myself to close the trading page first, and then spend 10 minutes scanning through these “credibility materials.” If I feel uneasy, I just stop… it’s okay to move slower, and I’m not in a hurry to win the whole game.