The Wobble
Yesterday was ugly. No way around it. People panic sold — and I get it, watching your portfolio crater by double digits in a few hours isn’t fun. But here’s the thing: what’s happening right now in crypto is FUNDAMENTALLY important. Yesterday was one of a couple small bumps in the road. There will be more.
I’ve been repositioning aggressively through this. Went from about 93% long to 23% long heading into the sell-off, then started buying back in. Sitting around 65% crypto now, and my goal is to get back to about 75%. But I’m not rushing it — I want to watch price action for a few days before I let it creep back toward 90%. Keeping cash on the sideline is the play right now.
Are we on the way back to stabilisation? Good question. I’m debating picking up a couple more bags of my favourites. But I somehow suspect there’ll be another wobble down before we continue our march up. And that’s fine. I’m sidelining more cash specifically for that next dip.
The Case for Buying — Carefully
There are still bargains to be bought RIGHT NOW. I added a little on the dip — had some bids set lower that just missed by a hair, which is frustrating but also tells me the market found support roughly where it should have.
The trick isn’t predicting the exact bottom. It’s having a framework for when to deploy cash, and then actually doing it when everything feels terrible. Most people can’t. That’s why most people sell at the bottom and buy at the top.
SOL broke its short-term technical resistance to the upside, which is encouraging. I bought SOL and ETH on this move. Will look to take some ETH profit around $3,660 if we get there — always good to have targets.
But the one I’m watching most closely is MATIC. It’s every bit as good as SOL from a technical standpoint, and it has something SOL doesn’t — the portability of Ethereum projects. If you believe in the Ethereum ecosystem (and I do), MATIC is essentially a leveraged bet on that thesis with its own upside. It’s underpriced relative to its fundamentals and I think people are sleeping on it.
El Salvador and Why It’s Not Just a Headline
There’s a great episode on the CoinDesk podcast this week covering El Salvador’s adoption of Bitcoin as legal tender. Skip the first few minutes — the real meat of the discussion is worth your time.
Here’s why this matters more than most people think: this isn’t a crypto company doing something crypto-native. This is a SOVEREIGN NATION adopting Bitcoin as legal tender. Full stop. That’s never happened before. And whether the execution is messy (it will be), whether there are hiccups (there already have been), the precedent is what counts.
Every other country considering a similar move — and there are more than you’d think — is watching El Salvador right now. The playbook is being written in real time. Yesterday’s market dip coinciding with El Salvador’s rollout day was almost poetic — a stress test on day one. But the infrastructure held, the Lightning Network processed transactions, and the world didn’t end.
This is what adoption looks like. It’s not smooth. It’s not pretty. But it’s happening.
On Diversification and Conviction
I saw that Michael Saylor quote floating around — “Diversification makes no sense when there’s a correct answer to an engineering problem.” Now look, I don’t believe in diversification for its own sake either. Spreading money across 47 different assets so you can feel safe is a great way to guarantee mediocre returns.
That said — and I want to be honest about this — I wouldn’t take investment advice from anyone whose entire livelihood depends on crypto going up. Saylor is a smart man. Genuinely. But some of the things he says about crypto veer into territory that sounds more like evangelism than analysis. When your company’s balance sheet IS Bitcoin, you’re not an objective commentator anymore. You’re a salesman.
I think there’s a middle ground: have conviction, size your positions accordingly, but keep enough cash to take advantage of exactly the kind of dip we just saw. That’s not diversification — that’s tactics.
What I’m Watching This Week
Shorter-term, the overnight price action has been positive. BTC, XRP, ADA — all giving minor buy signals or at least negating short setups. That’s constructive. Doesn’t mean we’re out of the woods, but the tone has shifted from “panic” to “cautious.”
Here’s my framework for the next few days:
- If we hold these levels and grind higher — I’ll add the last 10% back toward my 75% target
- If we get another sharp dip — I’ve got cash specifically earmarked for that. Would love to fill those bids that just missed yesterday
- If we break below yesterday’s lows — that changes the picture entirely and I’ll reassess
The key thing is having the plan BEFORE the move happens. Reacting emotionally in real time is how you end up panic selling at the bottom. Decide now what you’ll do in each scenario, then execute.
The Takeaway
Yesterday scared people. Good. Scared money creates opportunity for patient money. The fundamental story hasn’t changed — El Salvador just made Bitcoin legal tender, institutional adoption continues to accelerate, and the infrastructure supporting this ecosystem gets better every single week.
I’m buying this dip. Not all at once, not recklessly, but deliberately. Keep some powder dry, have your targets set, and don’t let a red candle shake you out of a thesis that’s playing out exactly as it should — just not in a straight line.
