Hello Friends

Hello friends.

Long time no speak.

Firstly, let me offer my deepest apologies for not issuing a SINGLE PIECE OF WRITING this year.

In a bull market, my ADHD riddled, attention span lacking, shiny object attracted brain is incapable of sticking to one task for any substantial length of time.

As such, I sit here in front of a huge folder of half written google docs files. 

Too poorly constructed to publish, too lacking in nuance to feel good about, and too “financially advicey” to risk pressing send and then having the Freedom police break down my door and throw me in jail forever because one of you has lost $12 trying to copy me. 

In a bull market, I do find it quite hard to write useful information for you guys you read.

1 - because the speed of change is so rapid. By the time I’ve spent a day writing something, editing it, getting my mum to proofread it and sending it out, the meta has moved on to something completely new and the old thing is now down 90% and we are all poor again.

(LOL my mum would disown me if she read about me buying monthly salaries worth of Boden coin because haha funny” I do what the modern person does and get Chatgpt to proof read it instead) 

2 - I’m just way, way less confident about the direction of the market now. Last year it was pretty easy, and I had like 99% conviction prices would move up. FTX had blown up, everyone in the world hated crypto, Jason Calcanis was dunking on it at every turn. To me, it was a clear and obvious bottom and I felt comfortable talking about how attention would return and things would get better. 

Now it is not so obvious and writing about how things maybe will go up, but maybe will go down and boring topics that I spent most of my day thinking about like tax strategy and taking profits are way less fun to write about.

I’m also definitely a bit of a mid curve. I struggle with memecoins, I struggle with Bull market valuations, the natural sceptic in me struggles to “believe” during times of euphoria. 

It’s most likely that in this environment I will massively under perform the most degen of degens. 

I guess this is at times to my detriment but also a bit of a superpower. Whilst I may underperform, historically I have managed to keep most of what I make by keeping that scepticism and trying to look at things as they are rather than what they are collectively perceived to be. 

But to put it more simply - It’s much more fun to be the Bull in a room full of bears, than it is to be the bear in a room full of bulls. 

For now though, I guess I’m neither. I’m some weird hybrid mix of the two animals. I don’t know if we go up or down from here, but I am being a lot more protective of my portfolio and generally reducing risk, 100% spot only etc, but maybe that is dumb and we go full zhupercycle. Who knows. Certainly not me.

But anyway, sorry again for the long delay. I will try to write more soon, but it will likely be about vague generic topics rather than any specific focus on individual coins. 

For some reason quite a few of you actually read what I say and whilst that scares me a little bit I’ll try being a bit more brave and put some more thoughts out there!