Just got a bunch of red-dot push notifications on my phone: the xx chain is launching incentives again, and the TVL is pushing up pretty hard. My first reaction isn’t “bull”—it’s that old line from veteran users: “the buy/sell again is coming…” Put bluntly, in moments like this, going all-in at once is the real test of how well you can sleep: if it goes up, you’re afraid you’ll miss out; if it drops, you’re afraid it’ll go to zero. You can even be startled awake at night by notifications.

Right now, I’m more like using a mix of grid + DCA—especially those kinds of protocols that look busy and lively but have average retention. I buy a bit according to the pace; if it dips, I treat it as collecting “real user” data. Only when I genuinely review it myself and see the flywheel running smoothly do I dare to add a little more weight—but I still won’t go all-in. I can be pessimistic in what I say, but when I add to my position, I need to be able to fall asleep and still be able to keep reviewing the next day. Otherwise, it’s just emotional trading.