In simple terms, many people in the crypto circle often have overly optimistic expectations:

1. “When it drops, it’s a bargain”
→ Always thinking every decline is an entry point, but often buying in halfway up the hill.

2. “They say it’s launching soon”
→ When project teams say “coming soon” or “about to launch,” it’s just for reassurance; many of these are “next time for sure.”

3. “I can sell early”
→ Always believing they can sell before a big drop, but often reacting too slowly.

Summary of the state:
Every day, switching between “I’m about to get rich” and “Should I go defend my rights?”
Money is lost quickly, but the mentality is becoming more “robust”: when it rises, I think I’m a genius; when it falls, I comfort myself with “at least I paid my tuition.”