Recently, the market has been quiet, and I just realized how easy it was to call for "bottom fishing" before... When liquidity dries up, it's really about surviving first and then talking about ideals. The collateral unlocking, token unlock calendar being brought up again to scare people, I get nervous too, but what I fear more is having too full a position, wanting to run but lacking the depth to do so.

My current definition of "long-term" is pretty realistic: being able to withstand a quarter without being forced to sell is long-term; sometimes the market drains people's emotions in just a week, don’t pretend to stay calm. Anyway, I’d rather earn less, keep some cash and margin, and wait for the emotional tide to recede before slowly picking up, otherwise I won’t catch the bottom, I’ll just wipe myself out first.