To be honest, this recent meme coin wave has been so lively that I’m a bit carried away by it—I also feel like I want to run. This morning I saw a new project, and its narrative was hyped up to the point of saying everything under the sun; the community was full of “open your mind” meme emojis. I almost wanted to rush in with a few bucks. But once I calmed down, I still had to set a stop-loss for myself—not a price stop-loss, but a time stop-loss: if the narrative doesn’t get delivered within three days, or if the hype starts to die down, then get out quickly. Anyway, I don’t believe those “it’ll always go up” fairy tales.

Just now I saw people arguing about NFT royalties, and it really hit me. Creators want to make a bit of living money from royalties, but the liquidity in the secondary market is a complete disaster—I couldn’t even sell. Last year I also hoarded a few NFTs; they’re sitting on OpenSea with nobody paying attention, and I even ended up paying gas fees on top of it, basically losing extra. Just now I was almost going to one-click destroy those NFTs in my wallet, uninstall that hot wallet, and out of sight, out of mind—no more seeing it, no more hurting. But then I thought about it again, and decided to leave them there. Let it be a lesson to remind myself: don’t let the narrative cloud your judgment—first figure out the cost, then think about how you’re going to exit.

Forget it—I’m not chasing pumps anyway. If I lose, I can afford it, so I’ll play; if I can’t afford to play, then I’ll run.