I just got a little itchy again and wanted to chase that kind of pump that takes off with a pull. I was about to place the order before stopping myself and asking: Did I gain new information this time, or am I just being driven by K-line patterns and the emotions in the group? Honestly, emotions make it easiest to treat stop-losses as decorations, and if a liquidation waterfall really happens, you won’t even have time to react.

Recently, we’ve been talking about social mining and fan tokens again. The idea of "attention as mining" sounds pretty smooth, but I always feel that attention is too slippery. Today’s hot, tomorrow’s cold, and once liquidity flows out, all that’s left is emotional echoes. Anyway, my current approach is: if I want to chase the rally, I first reduce my position size and think through the two worst-case scenarios—if the bridge gets stuck or stablecoins slightly de-peg, can I still sleep peacefully… As for whether you believe attention can serve as a moat, I won’t make that judgment for you.