Most people in crypto spend 90% of their time looking for the next 100x.
The wealthiest investors spend 90% of their time protecting capital.
One approach creates excitement.
The other creates wealth.
Vacation mode: OFF.
Brain mode: also OFF.
Packed my suitcase. Ready to go.
One problem – I have absolutely zero recollection of where my house keys are.
And no, this is not a crypto story.
Just pure, unfiltered human stupidity.
Send help. Or a locksmith.
Bitcoin fell to $65k 📉
It’s never happened before – and here we go again. What’s going on?
Yesterday, Bitcoin experienced a major one-day drop of -14%. The decline since the beginning of the year is -30%, and from the October peak ($125k) it’s almost -50%.
The Fear and Greed Index is at 10 out of 100, which is the zone of “extreme fear.” The market is literally paralyzed, waiting for a further collapse. According to Coinglass, the last time this happened was in June 2022 – when Bitcoin was trading at $19k, which turned out to be almost the market bottom.
The news background is terrible. Media experts are writing about a loss of interest from large investors and are predicting a prolonged bear market with a drop to $40–50k.
Fundamental value
It’s possible that a bear market has действительно begun. The reasons can only be guessed at – from a reassessment of the Fed’s interest rate to the wildest conspiracy theories. But has anything actually happened to Bitcoin itself?
•The blockchain is reliable. There have been no hacks or network outages.
•The supply is still limited (21 million coins). The money printer can’t be turned on.
•Freedom of capital. Bitcoin remains the easiest way to move any amount instantly, without intermediaries or the risk of being blocked.
•Legalization. Laws in the U.S. haven’t changed, and ETFs from the world’s largest funds (BlackRock, Fidelity) continue to operate.
Bitcoin has become much cheaper, but it hasn’t broken.
Strategy, risk, and portfolio allocation
Cryptocurrency is a high-risk asset. Its share in a portfolio should be such that the investor can remain calm even during a 50–70% crash.
Example: suppose Bitcoin makes up 10% of a portfolio (which is not a small amount). With that allocation, a 50% drop in Bitcoin would reduce the total portfolio value by 5%. Unpleasant, but not catastrophic. Of course, everyone’s risk tolerance is different.
I won’t say that buying today will bring “x’s” in the future. Buying a risky asset in a falling market is not for the faint of heart, and a bear market can last a long time. That’s why I believe the DCA method (regular purchases for a fixed amount) remains the only reasonable investment approach.
In any case, an investor’s actions should be part of a well-thought-out plan, not the result of panic or reading the news.
X is the best source for financial news -- and hundreds of billions of dollars are deployed based on things people read here.
We are building Smart Cashtags that allow you to specify the exact asset (or smart contract) when posting a ticker. From Timeline, users will be able to tap them to see its real-time price along with all mentions of that asset.
We're aiming to collect feedback as we iterate toward a public release next month.
A week ago I launched https://t.co/1QiYTQy7VJ to make it easier to track your life and year progress directly on your iPhone lock screen.
I didn’t expect what happened next.
Since then, 1M+ people have visited the site, and thousands have changed their iPhone lock screens to a life or year calendar.
The lock screen is a surprisingly intimate space in someone’s life, so I feel incredibly lucky to have built something that lives there.
One thing users kept asking for was a way to set a specific goal and count down to it.
"I’m training for a marathon"
"I have an important date coming up"
We've just added that feature.If you’ve set goals for the new year, give it a try 🙂