Just now my hand got itchy and I wanted to chase a move. The more I stared at the K-line chart, the more it felt like “this time is different,” but the first thing that popped into my head wasn’t information—it was that fear-of-missing-out kind of emotion. To put it simply, I’ll stop for a moment and ask myself: what exactly do I actually have? Do I truly understand on-chain data, or have confidence in collateral/liquidity exits—or am I just being pushed along by a few lines in the group like “about to take off”?

Recently, whenever new L1/L2 projects roll out incentives, they make TVL rise in a very pretty way. And the complaints from long-time users about “mining and selling” aren’t entirely unreasonable… So right now I’d rather buy a bit less, wait for a pullback and confirm. Anyway, I never go in with a full position—if I miss out, I’ll miss out; at least I won’t let emotions fill up my entire position.