Reviewing my three public accounts — my first review

When I worked at a venture capital fund, we reviewed every investment after it played out — what we got right, what we got wrong, what to change next time. It's one of the most useful habits I picked up there, and I never dropped it.

I've run three public portfolios for a while now and never once reviewed them out loud. So this is the first review. An honest one, with the goal of fixing the mistakes I can actually fix.

All three are down right now:

I kept no cash on the side.I put almost everything in and held no stablecoins. That's the real mistake.

Here's why it matters. When the market falls, the smart move is to buy more at the lower price. But I can't — there's no cash in the account to do it with. And I can't just add money now, because these are public portfolios. Putting money in while prices are low would look like I'm dressing up the results. So the cash needed to be sitting in the account from the start. It wasn't.

Bitcoin is the clearest example. I bought at $77,000, which felt cheap to me. It's near $61,000 now — exactly the kind of dip I'd want to buy — and that account has nothing left to buy it with.

I think I know where this habit comes from. At the VC fund, the pattern was simple: put the money in, then wait — sometimes for years — for the company to exit. That's the right instinct in venture. It's the wrong one in crypto, where the same price comes back to you a month later and rewards you for having cash ready. I brought a venture habit into a liquid market.

I also had no plan to take profit.When a coin climbs above what I paid, I should sell a little and move it to cash, ready for the next drop. Crypto always drops again. But you can only use those drops if you're holding cash when they come.

One rule fixes both: keep some cash in every account, and trim a little when a coin runs above my cost.

I don't regret the coins. The one-year picture is why.

Even my worst pick fits this. I bought NEAR near $2.90 and it's about $1.90 now — down roughly 40% in days. It looks bad, but $2.90 was a recent high, not the high (NEAR was near $3 back in late 2025). I bought it because I believe AI coins benefit from where this is heading. I still do.

My view hasn't changed: Bitcoin, Ethereum, and the major coins recover and go higher, and AI and RWA are where the next wave lands.

Eight years in crypto. I've sat through worse than this. It's uncomfortable — a paper loss never feels good — but it isn't dangerous.

Every coin in these accounts was researched before I bought it. Most have long histories. BNB burns supply every quarter. Solana already survived the FTX collapse in 2022. I don't think any of this dies here, so I'm not selling into the drop.