The Self-Cultivation of Cryptocurrency Veterans—Seeing Through Investor Types from Their Statements

In this market, you can quickly learn to discern a person's investment logic from their words. Recently, this has become even more evident.

Some people talk all day about supply scarcity, emphasizing limited total supply and mining halts. These arguments sound very profound. But looking at the performance over the past three months, it's down 30%. When conviction meets the price curve, sometimes the louder you speak, the harder you fall.

Others are particularly fond of discussing infrastructure, such as global computing power, deflationary models, and ecosystem development. These narratives are especially attractive early in a cycle. But in reality, the past three months have also seen a -40% decline. Grand stories sound impressive, but sometimes they can't withstand the market's ruthlessness.

Performance stories are also old hat. High throughput, low latency, genuine Layer 1 hopes—these phrases have circulated in the community for a while. But in the past three months, the decline has reached 50%, which shows how far storytelling can be from market reality.

Of course, some bet purely on community and culture. During bullish cycles, this enthusiasm can ignite the market most easily. But when the trend reverses, you'll find that the most fervent beliefs can sometimes be the most fragile.

This is not to say these coins are not worth paying attention to, but to remind everyone—listening to what someone says is less important than observing how they act in different market conditions. The core cultivation of veteran crypto traders is to find a balance between conviction and reality.