"Everyone thinks they're great until they get punched in the face."
Mike Tyson
Jake Woodhouse
jakewoodhouse@primal.net
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Helping Australian small businesses start with AI. I assess 5-10 weekly and share insights. Host of The Jake Woodhouse Podcast.
Maybe this is the key as an investor: it’s ok to be down, because you’re not out
💪🏻
Everything that has happened in the last week is a gift
Holes in strategy highlighted
Places to improve identified
Next step: Build back better
Iterate
Include what was missing
Update yourself
Nothing valuable is easy
🙏🏻
Who’s hiring atm?
Need to pickup some work
Not going to lie. The last week has been very stressful
This too shall pass…
I wasn’t hedged properly vs a large Bitcoin drawdown
Big mistake
One of the biggest lessons from last year: if you're sitting on a 5x gain, it means nothing, if you don't "take the profit", especially if the underlieing is as volatile as Bitcoin
I am a parent
I am a problem-solver
I am not defined by my portfolio value
Last night, as I struggled to sleep, the only thing that actually calmed me was when I started thinking about God
A higher power
Whatever journey this is that I am on, as I released myself to the experience, my nervous system responded with a knowing
You’ll be totally fine
This to shall pass
The more time that goes by, the more open I become
I would never have guessed this
You are not your money
Bitcoin is 45% off it's ATH in Oct 2026
My net asset calc shows 60% off ATH in Jan 2026
Why?
- Bitcoin has drawndown
- I've re-allocated to RE (an expensive process)
- we had higher than expected expenses last year
- we had a load of fun spending some gains
But today, ooft, my net asset calc is very similar to 2023, so it's gone backwards in terms of the fiat denomination
Hard one to take
Barely slept last night in fact
So, today, I am taking action, not surrendering
A new short-term plan must be made
The planned renovation altered
An updated strategy to keep up momentum
No-one said this stuff was easy
Trying to step into my better self of the future
Let's go!
Learning the hard way
Bitcoins fiat volatility is very hard to manage fixed capex requirements
This move down has really caught me off guard
My fault
My lesson
Some hard decisions need to be made
And tricky conversations
🙏🏻
How does Nostr make you "feel"? What is exciting with Nostr? Why build with it?
So interesting chatting with people actually building on Nostr
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