Daily Journal: November 20, 2024 – AI-Meme Update

 Today, my Solana wallet portfolio took a 50% hit. While the amount only represents less than 3% of my overall crypto account, it’s still frustrating to see a decline, no matter how small. Losses, no matter how insignificant in the grand scheme, are a reminder of the volatility that defines this market.

Lessons Learned and Adjustments

In times like this, the key is maintaining perspective. The allure of watching $1M market caps turn into $10M, $100M, and eventually $1B is what keeps me going, but it also demands patience and discipline. Chasing short-term gains or panicking during dips leads to poor decision-making—lessons I’ve learned the hard way in past cycles.

This experience reminded me of one thing: volatility is the price you pay for outsized returns. It’s a feature, not a bug, of the crypto space. The market rewards those who stay calm, assess risks carefully, and stick to their strategy.

Adjusting My Focus

I also decided to remove ai16z from my portfolio. The reason is simple: I believe the biggest risk in investing isn’t just market conditions but people. Teams that show a lack of integrity, transparency, or alignment with investors’ goals are not worth holding onto.

Instead, I’m focusing on projects with clear narratives, engaged communities, and a manageable level of risk.

Mindset Moving Forward

Moments like these are not for emotional trading but for reflection and recalibration. Patience, resilience, and a clear long-term vision are more critical now than ever. I need to remind myself why I started investing in the first place: to capitalize on transformative trends, not to chase every pump or dump.

The market will always test you, but how you respond defines your success. For now, I’ll stay the course, remain vigilant, and wait for the opportunities that inevitably come to those who are prepared. This is just one chapter in the broader story.