ME News reports that on August 4 (UTC+8), Bonk Guy posted on X, stating that he previously made a major mistake by blindly remaining loyal to his holdings and community. During the last cycle, in pursuit of social influence, he gave back all his eight-figure profits; when the market turned, instead of supporting him, community members mocked him. Bonk Guy said he will not repeat the same mistake in this cycle. He believes social influence is merely a fleeting vanity metric, and when market conditions reverse, communities often quickly abandon their participants. He advises investors to remain loyal to their own interests rather than to any specific holding or community, and to consistently take profits on any token, provided it is done legally, ethically, and responsibly. (Source: ODAILY)
Bonk Guy Admits Past Mistakes, Warns Against Blind Loyalty to Holdings and Communities
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Summary
Bonk Guy highlighted altcoins to watch in a recent X post, admitting he lost eight-figure profits by holding onto his positions and community during the last cycle. He warned that social influence is a fleeting metric and that communities often turn against participants during market downturns. Citing MetaEra, he urged investors to focus on personal gains and take profits legally. He also noted that the Fear & Greed Index often misleads traders into holding positions too long.
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