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$PI When Ethereum rose to $4,800, Vitalik said to fully decentralize and resist censorship, and everyone praised his foresight and vision.
When it dropped to $1,800, he still said the same thing, and was immediately criticized for making empty promises, being out of touch, and only talking nonsense.
In short, it's one sentence: when the market is good, even farting makes sense; when the market is bad, even truth is just farting.
Warren Buffett has long said: the market is a voting machine in the short term, and a weighing machine in the long term.
Charlie Munger also said: the market overreacts in the short term, and returns to rationality in the long term.
Graham was more direct: Mr. Market's emotions are extremely unstable, with sky-high prices when optimistic and rock-bottom prices when pessimistic.
V God hasn't changed, Ethereum hasn't changed, only everyone's positions and mindset have changed.
When prices rise, believe in ideals; when prices fall, stay grounded; in bull markets, listen to stories; in bear markets, focus on profits — this is the most realistic side of the capital market.