FIL has already become a market focal point at the $1.5 level, and the discussion around it has never cooled down. But a closer look at these debates shows that whether optimistic or pessimistic, almost everyone is betting with emotion rather than using systematic methods to make money.

The reality is quite harsh: on the negative side, news about Grayscale discount issues, pledge mechanism risks, and on-chain data weakness are everywhere; on the positive side, AI storage ecosystems, the October halving expectations, and frequent moves by ecosystem projects... but none of these can change one fact—the vast majority of participants are ultimately washed out in the volatility. Even if FIL really rises from 1.5 to 3, can you ensure you hold on and walk away intact? The historical data is there; most people end up as "bagholders" in the rollercoaster of sharp rises and falls.

The root of the problem lies here: when we chase the "next double-up coin," we ignore the essence of wealth—the underlying system that should be built on "continuous cash flow regardless of price fluctuations." Instead of risking all your assets on FIL's ups and downs, it’s better to first build a stable income foundation. This not only hedges against the uncertainty of high-risk investments but also helps you maintain your mindset while waiting for the right opportunity.

This also explains why, when analyzing highly volatile assets, more focus should be placed on protocols that offer certainty of returns. Take stablecoin yield protocols as an example: their logic is to provide continuous interest income for your assets through mechanisms like lending stablecoins (USDT, etc.) and liquidity mining. FIL represents price speculation, while these protocols represent certainty of income.

Two paths, two logics. The former profits from volatility but carries high risk; the latter earns from time, with seemingly moderate returns but more controllable. The smart approach is to combine both—use stable income as a foundation, then allocate some funds to participate in volatility opportunities. Even if there’s a significant pullback, you won’t end up with nothing.