Meme, put simply, is narrative acceleration. When things get lively, you think you’re studying consensus—but really you’re racing against emotions. My stop-loss usually doesn’t rely on “belief,” but on preset rules: before buying, I write down two things—if it drops to a certain level, I admit I’m wrong and leave; if it rises to a certain level, I pull back the principal first, and whatever’s left is like a movie ticket. That way, even if it keeps soaring later, my mindset won’t completely blow up.

Lately, I also look at interpretations like “ETF capital flows = crypto market ups and downs” and “if US stock risk appetite changes, it’s either going to crash or take off,” but I treat them only as background noise… they can explain emotions, but they can’t truly help you absorb drawdowns. Anyway, what I care about more right now is this: if the narrative stops working, will liquidity vanish instantly; and once it does, will the stop-loss actually get filled? Think this through first before you join in on the hype.