i've been trying to figure out why the 2026 drawdown feels so much more personal than 2018/2022 even though it’s not nearly as bad price wise. my take:
a lot of people on here have decided there's now a clock running. ai is coming, the door to escaping the middle class is closing, and if you haven't made it in the next couple years you're on ubi as a pleb forever.
i don't know if that's true. but it doesn't matter if it's true. people here believe it, so they're putting a deadline on themselves and when the market doesn't cooperate on that timeline it feels like they’re missing the last train out of a burning town rather than “just a bad few months but we can recover”
this also explains retails pivot to memes as a “fast track” to making it.
add instagram to the mix. 22 year olds in mansions and lambos all over your feed, most of them you suspect got there by rugging people like you.
envy is one of the strongest emotions there is, and envy plus a ticking clock is my guess to why we are seeing crash outs instead of just "this cycle sucks but we’re all in this together bros”
it truly is diff now
Since I’ve been asked a lot:
Buy coins in several companies that make products & services that *you* believe in.
Only sell if you think their products & services are trending worse. Don’t panic when the market does.
This will serve you well in the long-term.
Since I’ve been asked a lot:
Buy stock in several companies that make products & services that *you* believe in.
Only sell if you think their products & services are trending worse. Don’t panic when the market does.
This will serve you well in the long-term.
The best analogy for building wealth is rock climbing. Once you reach a new ledge, you secure it. That becomes your new foundation, and protecting it becomes part of an evolving strategy.
Each new level of wealth should trigger a reset in your mindset and a broadening of strategy. You now have more to protect and also more to work with, and the risks you take should reflect that.
That doesn’t mean you can’t be ambitious. Take big bets when the opportunity deserves it. But big bets can’t be born from what everyone else is doing and every theme has a due date. So structure those bets so that if the next climb fails, you fall back to the ledge you’ve already secured.
The entire climb can never be on the line.
I’m sure today many many people fell back many ledges, and many died falling to the ground.