Placeholder partner: BTC has not reached the top of the cycle and the decline is a mid-term correction

I hear people talking about surrender everywhere these days. Other people's surrender is your opportunity.

At critical moments in cryptocurrency, none of them are easy. At the bottom, there is always talk of lower. During forks, there is always talk of public chain destruction.

We now find ourselves in another not so easy moment. If this makes you emotional, that's okay, sit with the emotion, observe it, and then decide what to do with it. Just be patient and you will succeed...

While there is always a risk of a drop, I still believe this is a mid-bull market correction and we have not seen a "cycle top" yet. BTC falling does not change this view. If you are undecided, selling here is unlikely to be a good idea - because if you sell here, it also tells me that you are vulnerable to being marginalized on the way up.

Worst case scenario is just sitting back and not even looking at the price if it helps, you won't be doing anything. If you still have any dry powder, add a little here or there if things really appeal to you, or when you're feeling the worst. Not financial advice, just sharing my two cents.

In my opinion, altcoins lead BTC, and BTC leads stocks. Stocks may still have some volatility, but remember: BTC and crypto assets are the fastest horses in finance, both to the downside and to the upside. If the stock market becomes weak enough, measures will be taken to avoid any major or systemic weakness, because Trump's favorite scorecard is the stock market - and crypto assets will feel these measures most acutely.

If you exit crypto out of fear or wanting to be too cute, you will get whipped on the other side. Don't listen to those traders who are always perfect - they are scammers. People who make big money rarely brag about how much money they made.

I will always make mistakes, but the key for me has always been to maintain a large allocation to multi-decade growth stories. In a sense, I've always partially followed the herd, while keeping some reserves in the lifeboat for when things are good (read: take profits the next time you want to show off).

Liquidity injections, interest rate adjustments, and big macro aside, it’s an incredibly exciting time for blockchains right now. They’re finally getting the (international) respect they deserve, and all sorts of strong teams are working on projects that will weave blockchain applications deeper (and seamlessly) into the fabric of society. It wasn’t until last year that institutions actually got the seal of approval from Uncle Sam.

All of this will take time - hold on to the magic coin BTC, my friends.