I set a small rule for myself: only engage with NFTs that have a liquidity "that still somewhat resembles a road." I really can't control whether the floor price goes up or down, but when I see the listings are as thin as paper and transactions rely entirely on emotional sparks, I assume it will cool off at any moment. Royalties are even more mysterious; some projects shout loudly about them, but in reality, everyone talks about supporting creators while secretly slipping away to zero-royalty markets... To put it simply, when the narrative is hot, it's all about faith; when it's cold, it's just about whether it can be sold. Recently, the group has been arguing over the compliance boundaries of privacy coins/mixing coins, and as the debate goes on, it feels just like NFTs: emotions lead, rules follow. I'm just testing the waters with a small position—if I make money, I run; if I lose, I pretend to be dead—just like that for now.

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