After listening to countless VC pitch sessions, I've come up with a translation dictionary: VC says 'We’re optimistic about this sector in the long term' = We’ve got a 3-year lock-up period, so you go ahead and hold the line for us. KOL says 'This price point has incredible value' = I’m already all-in, just waiting for your liquidity to kick in. Project team says 'The community is our core asset' = The user list has already been packaged and sold to the next buyer. Retail investor says 'This time I’m holding strong' = This time I’m holding from -90% all the way to zero, no way I’m selling. And the ultimate line—'This bull market is different this time.'