2026-01-01 18:23:48

A friend complained about the $LIGHT project, using a very vivid analogy — "cutting firewood for a day in January and burning it all," which refers to concerns about the project's operational ability and sustainability. Since entering, they've already been caught in a bad position, and given the current trend, they've decided to simply treat this holding as a desperate measure.

It sounds like the performance of this project has indeed disappointed the community. In the early stages, there might have been some hype and narrative, but subsequent development, team execution, or market performance didn't meet expectations. The most heartbreaking part is that many retail investors might have looked good when they first invested, only to end up being the ones caught in a bad position.

If you're paying attention to the trends of such projects or have similar investment experiences, this case is worth reflecting on — the importance of project screening, risk management, and stop-loss strategies should always come first.

LIGHT-60,47%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

12 Likes

Reward
12
5
1
Share

Comment

0/400

DoomCanister

· 7h ago

January chopping firewood for a day and burning it, just hearing it makes me despair... LIGHT this project is really terrible, the team's execution is like paper. Another one being trapped, when will they learn their lesson? Honestly, this kind of project should have been cleared long ago, what's the point of keeping it? Retail investors are always the last to take the hit, a bloody lesson. The project team really treats the leeks as a perpetual motion machine, huh. Stop-loss is the best painkiller, but unfortunately most people can't bear to do it. The brave have already cut their losses, and their mindset is still tough.

View OriginalReply0

WalletWhisperer

· 8h ago

Cutting firewood in January and burning it in a day—this metaphor is spot on, describing the integrity of some project teams. It's the same old trick, initially hyping up the project skillfully, but falling flat just as quickly later on. It should have been cut long ago; don't wait to be washed out to zero. That's why I now focus on the team's execution capability when evaluating projects. Just being good at storytelling is useless. I’ve already blacklisted projects like $LIGHT to avoid the hassle.

View OriginalReply0

MidnightSeller

· 8h ago

Cutting firewood in January and burning it in one day—this metaphor hits the nail on the head. It's that kind of project that relies on a story to get started, but there's nothing afterwards. I've been trapped by this too. Now I always ask first, "Is the team reliable?" Breaking the wrist as a hero? Sometimes stop-loss is the best way to make money. I've heard $LIGHT's pitfalls so many times that my ears are calloused, yet people still jump in. This is the most common mistake among retail investors—getting excited when entering, and being completely wiped out when exiting.

View OriginalReply0

SlowLearnerWang

· 8h ago

Cutting firewood in January and burning it in one day—this metaphor is perfect... I’ve also been caught by this kind of trap before. It's the old routine of intense hype in the early stage, followed by a collapse later... I need to remember this longer next time. Sometimes, a brave person has to cut off their own arm; stopping losses is perhaps the best hedging strategy. I should have recognized the reality long ago, still fantasizing about a rebound. This wave of $LIGHT really can't be moved; I need to learn something from this lesson.

View OriginalReply0

StopLossMaster

· 8h ago

Burning firewood for a day in January, this metaphor is excellent, referring to the integrity of these project teams. It's the classic "storyteller but with poor execution" routine. They are quite good at it and can still hold on; you have to believe in this narrative. Forget it, if it's time to cut losses, just do it. Don't wait to be chopped into chives. I've learned long ago how to deal with this kind of project. What’s the point of getting in? It’s really the cost of information asymmetry. Liking the team is useless; believing in execution is the real key.

View OriginalReply0