My friend recently complained to me, saying that he seems to be attracted to a certain cryptocurrency and asked me what to do. I poured cold water on him.

Honestly, you're not optimistic about this project; you're just chasing that thrill without having to bear the consequences. The project team is telling stories, and you're dreaming; the token has no real application, no cash flow support, no competitive barriers, but you've already gotten hooked.

Would you really put a large position on the line to try? Drawdowns, token unlocks, institutional dumps, liquidity drying up in trading pairs... these real risks will hit all at once, and by then, your escape speed will definitely be the fastest.

Ultimately, this isn't called faith; it's just gambling for quick money, while self-deceivingly claiming it's value investing. In reality? It's just looking for an excuse to get liquidated. The allure of the crypto market is strong, but staying sober is more important than ever.