Still, I am taking comfort in the fact that I haven’t lost anything haha.
The Trump administration’s coin-friendly policies and institutionalization, real asset tokenization (RWA), use of Ethereum Layer 2, and the spread of stablecoins, etc.
I once wrote that the rise of Ethereum seemed too easy, promoting a narrative.
At the end of my previous post, I wrote, “My biggest worry about Ethereum is that it seems too easy.”
As expected, it was a crash ending. I need to stop dropping cubic tablets.
After all, is there punishment for such cheap confidence?
The coins in my account were held at a ratio of half spot / half coin stock leverage, so I was hit with a downward trend for three consecutive months due to leverage, so when it went up, I felt that ecstasy.
It turned into hell. ㄷㄷ
For the new year of 2026, we are working on gradually reducing leverage and transferring it to spot.
I told you not to fall in love with a sport. Why do I like Bitcoin and Ethereum?
The funny thing is, I’m moving from leverage to spot, but for some reason I feel like I’m putting it in an index ETF.
Strictly speaking, the coin itself is a high-risk asset, but by moving from leverage to spot, the movement from ultra-high risk to high risk feels stable. Good ride.
In fact, the trigger for the loss was the decision to reduce the transfer tax this year.
Still, I couldn’t remove all the leverage, so I left about 15%. If you take everything out and shoot, the damage will be greater than if you fall all-in.
Let’s eat some and lose weight.
Anyway, as we welcome the new year, we have set aside a certain amount of cash again and are in the process of rebalancing by transferring some of it to cash.
In addition to my coin investment, I also have some bits that I bought through an agreement with my wife a year ago due to gaslighting.
This is about -15%, but I think my wife is more liberated than me.
In the beginning, it seemed like I was constantly checking the exchange, but now I haven’t checked it for almost a week.
Since I have seen Bit and Ether a lot, I feel like I keep going in and out of the familiarity of knowing it better than other stocks.
If I organize the remaining leverage, I think I should not enter coin stocks as stocks.
Since assets were so concentrated on one side, it was not easy to have no bullets to defend and re-enter the other side if one side exploded, like in 2025.
I never thought there would be such a decoupling from Nasdaq this year. No one thought it would happen, but a situation that no one expected would happen
Mr. Market. I was so conceited that it was too easy that I hit myself with a hammer.
I learned that just because no one heads to one side without question doesn’t mean they will come ‘right’.
What I always think about while trading stocks and coins is that the beginning of the rise and fall is not the same as the time series inherent in human instinct.
The feeling that a new wave is approaching, that even if we hear strong positive news, it may not be reflected within a month or two.
Investing a large proportion of a person’s time into one item and waiting for a year or two is not a concept of time that is consistent with the inherent human instinct.
This is especially true for dopamine sapiens whose brains have melted with YouTube and shorts.
However, the rise of stocks and coins does not match human time series. A one to two year advancement process may be required.
It may be that it is being suppressed by underweight forces, or that it is not yet ripe, or on the contrary, it may have been reflected in advance.
That’s why it’s difficult, and that’s why it’s fun.
Now I don’t want to buy gold or silver.
Just because I fall on one side and climb on the other, I don’t want to throw away what I fell and switch to what goes up.
A friend advised me to buy silver since gold prices went up in August, but it went up a lot back then so I didn’t buy it. Ugh.
Even if it may be a bitch again next year, I will go with determination.
Even though they may be ridiculed like that when it is 50,000 won, those who take it will eventually hit the jackpot.
I made fun of my mom who owned Samsung Electronics for 5 years, but I was such a fool.
If it had been spot money, I would have been able to wait patiently, but because it was leveraged, I had to make a stop loss to survive.
In 2025, I enjoyed the dopamine roller coaster ride of the excitement of earning the price of a Tesla in two months and the despair of losing it again in two months.
Not gonna lie, it was really fun. I learned and felt a lot, so I don’t regret the entire process or it’s a memory I don’t want to forget.
Last year, my wife and I, who had a 5:5 ratio of coins and S&P, had a landslide victory (+17%) for the S&P 500, which we didn’t even check because it was boring. ㄷㄷㄷ
That’s how I read John Bogle’s and Warren Buffett’s books, but yes, I was a human being, not an emotionless machine.
This year, I will use last year’s me as a teacher. If I fail this year, I will make myself the class teacher again next year. Anyway, I am fixing and improving little by little.
I will refer to last year’s expensive lessons and reorganize the port, but I still like coins, so I plan to keep collecting them little by little! (Dry me)