The essence of the market is actually a game of expectations. The so-called expectations are not about the current price levels, but whether your grasp of industry trends over the next few years is accurate—this judgment is the true underlying logic that can support the word "hold."

Some friends have mentioned they want to find a token they can hold for ten years. But from my observation, those who start with the mindset of "must be long-term" often find it difficult to truly see it through to the end; on the other hand, those who initially didn't plan deliberately, but participated because they understood and agreed, often end up crossing cycles unintentionally.

In other words, the more obsessed you are with "I want to hold long-term," the more likely you are to sway with volatility; the less you follow preset notions and instead follow your understanding, the more likely you are to last longer.

Of course, this doesn't mean any token can be held for ten years. Expectations can be optimistic, but the path is never smooth—there are always twists and tests along the way.

Ultimately, when it comes to investing, people are at different stages and in different states, and their ideas will change. Perspectives shift, standards move, and past convictions may be re-evaluated. The so-called long-term is perhaps never a preset, but a result of accumulation over time.