Recently, when I’m checking whether a project is serious or not, I actually don’t look at the roadmap first. Anyone can draw a very lively-looking roadmap. What I want to see more is how the treasury money is spent: is it always “outsourcing + marketing + meetings,” while the milestones are forever stuck in the next quarter; or can I spot some clumsy expenses—like security audits, developer incentives, and small feature iterations? They may not look pretty, but you can see the traces.

Over the past few days, people in the group have been circulating talk about stablecoin regulation, reserve audits, and all kinds of rumors that “it’s going to de-peg.” Emotions get swept up instantly. To put it plainly, I’m treating trading like practice right now: practice so I don’t get rattled and feel compelled to trade right away; practice to handle abnormal spending calmly first—then keep quiet and observe for a night. When it’s hot, open the window; when it’s cold, don’t force a fire—let’s do it like this for now.