Memes like this are definitely lively—really lively—but right now I care more about how not to end up dying in a way that looks too ugly. The truth is, narrative can push prices up, but it can also bite back in one go, especially when emotions are fully ramped up. If you don’t decide your stop-loss in advance, you basically won’t be able to bring yourself to act at the moment.

Actually, my rules for myself are pretty old-school: before entering, clearly write down, “If it drops back to where, I’ll accept it,” and don’t wait until “just wait a bit longer” turns into “forget it—I’ll just hold and endure.” Also, don’t let your position size get amplified by your emotions; play with at most the amount of money you can afford and still sleep at night. Anyway, recently those new L1/L2 chains have started rolling out incentives again to pull TVL. Old users are complaining as they mine, sell, and still keep charging in—I understand that too—but in a setup like this, I’d rather move slower. At the very least, I want to have the stop-loss level and the exit approach thought through first.