rich1.0jakewoodhouse (npub1lt…6k4fh)https://yabu.me/npub1ltz38gwwmmg740r5qlqjn96gth5thv5wmhkwlgqks9lu3485q7jsy6k4fhnjumphttps://yabu.meObservation: for about 3 weeks I’ve been like a rabbit in headlights, frozen almost, fearful, as the Bitcoin price plummeted. Only now am I managing to wrestle back control of myself, and start to think rationally. Huge lessons being dished out by the bear mkt of Q1 2026… No hedge No backup plan No cashflow forecast No cash reserve No tracking of historical spending Sitting on a five bagger of uncrystalised gains for over a year, made me complacent, and I fell for the hopium of higher prices. 150/175/250/even the 400k that was banded around. I ignored my own advice. Classic ego move. I thought I knew better. I ignored warning signs. SCombined with shame as things went the wrong way Ahead I have commitments - Fixed capex in a renovation - Monthly expenses - Holiday bookings All of which just got a lot more expensive in Bitcoin terms Ouch Panic stations even Thankfully I’ve mellowed out. The situation is my fault. Avoidable. Yes. But reality. And mine to navigate. Your vision is to be a “word class investor” of humanistic, intellectual, and financial capital, figure it out Jake! I think the best part: all these failures, are areas I was wrong, and that I can work on for the future. The next time my net assets are 60% higher from here, I know exactly what I’ll do Reallocate to: - cashflow - cash reserves - cap growth - speculative - cap protection Ultimately I am grateful for these mistakes. Through failure we learn. Indeed, yes it’s at a cost to the balance sheet, but these lessons are a form of intellectual capital I am better for it The cost now, will actually make me far more financial capital in the future Lastly. Beyond blessed with my wife. I’ve made too many mistakes to list here, against her intuition. I was wrong. I will do better Onwards friends 💪🏻