Scariest bear market is not the price decline — it is when you doubt the entire thesis. That is the buy.

Time in market beats timing the market. This is not controversial — it is mathematics applied to history.

Strongest hands are not those who are never scared. They are scared and hold anyway.

Short-term thinking is expensive. Long-term thinking is free but feels impossible during drawdowns.

2018年と2020年のサイクルが教えてくれたのは、クジラの蓄積と価格上昇の間には6～12ヶ月のラグがあるということだ。今のXRPやビットコインの機関投資家の動きは、次のサイクルの基盤を作っているに過ぎない。焦りは禁物。