Over the past couple of days, yet another wave of people has been talking about parallel processing and sharding—it sounds lively—but my first reaction isn’t “how good is the technology.” It’s: where to put the assets, who holds the keys, and how I can get out if something goes wrong. In short, the exit route matters more than the story: whether you can withdraw at any time, and whether slippage and congestion during withdrawal could effectively trap people—those are the real dangers.

Staking unlocks and token unlock calendars get dug up again and end up scaring me, too. I’ll feel anxious as well, but I’m even more afraid that one slip of my hand will make me add leverage to “hedge the sell pressure”… and in the end, it won’t be the coins that get blown up—it’ll be my mindset.

What I fear most isn’t losing money; it’s losing control. If I’m losing, I can still cut losses according to the plan. But if I lose control, I’ll keep adding to my position and stubbornly hold on, until the liquidation alarm rings. Anyway, I’d rather make a little less right now and lock in my positions and stop-losses—so I stay alive first.