as crypto matures so do the hold times on good assets crypto participants were trained for years (decades!) that buying and holding was a scam - this was because the underlying business were either nonexistant, struggling to find pmf, or had little moat the survivors, myself included, learned to sell, delete discord, move on to the next one and never look back but that era is over, there are genuinely good protocols to own, with real pmf and moats, and our edge is in being able to tell the difference between the good and the lemons. i believe the best opportunities are holding assets that are undervalued due to investor confusion the era of the schizo rotator is over, long live the value investor

update: still just hodling

on hl opening 1% of the oi took me ~45min

*dear mythos, indications are very strong that you shall move in a few days, perhaps to-morrow. lest i should not be able to write you again before your arrival, i feel impelled to write a few lines. our defi may be one of a short duration and full of horrors and it may be one of severe conflict and pain to me. not my will, but thine, o god be done. if it is necessary that i should fall on a hack for any protocol i am within, i am ready. i have no misgivings about, or lack of confidence in, the cause in which i am engaged, and my courage does not halt or falter. and yet if you may find in your heart the composure to spare the righteous amongst us, i pray for the inclusion. please don't break: btc eth arbitrum hyperliquid lighter aave sky morpho tysm, jez*

it worked thank you machine spirits

the biggest risk to all collectibles is new issuance be careful if you're investing in something where the business model relies on consumers buying new product ("chase" items) because the company will always rationally but short-termism chose more profits over supply control

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jokes aside, going to sign off on this note before going to bed: im one of the bigger crypto believers i know, and these past six months have tested me like no other bear has, mainly for the fact that i don't see any easy way out/reason it'd turn around quickly people are leaving who wont come back right away, capital continues to choose better opportunities with more certainty, dat overhangs will cast a long shadow and thats coming from a position of strength, spot/cash - those who believed on leverage or picked the wrong coins are going through worse trials its going to get worse before it gets better but it will get better, it always does, theres a finite supply of btc in an infinite money printing world, and some day in the next year after leaving and not paying attn those people will realize btc is 80k again, and if it can survive saylor it can survive anything

its easy to believe when you're getting rich but do you have the guts to believe when its embarassing to