One upgrade for my future that I will make sure is true
Next time I won’t be forced to sell at the dip
Jake Woodhouse
jakewoodhouse@primal.net
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Dad, Husband, Investor, MC, & Podcaster | Discussing financial, humanistic, & intellectual investments | Follow to future-proof your happiness, health, & wealth
The last six weeks have exposed many areas of my life that I didn’t realise needed work:
• liquidity discipline was thin
• volatility leaked into home life
• operating capital and investment capital were blurred
• ego was still attached to prior highs
That’s tuition fee’s. Expensive tuition fee’s. But tuition fee’s that will pay in the long run.
Financial capital balance: DOWN
Intellectual capital balance: UP
My father handed me capital.
Life handed me volatility.
The market handed me humility.
That combination is not a curse.
It’s apprenticeship.
Painful, yes.
But real.
Biggest lesson of this bear market:
When using Bitcoin as your primary means of value storage, the volatility to the downside is a risk to never forget, so if you’re ever considering large capex opportunities, such as a renovation, if, and only if, you feel wealthy enough in that moment of decision, you proceed, and you take all the money off the table to ringfence for the project, and manage a predictable cash flow
I didn’t so this… I wish I had
I know a guy running a TG group with technical analysis market commentary
Talk in through “strategy”, good time to buy or sell
Nowhere have they mentioned selling any Bitcoin
But behind the scenes they’ve taken 65% off the table at strategic points on the way down
Each to their own of course
But be careful out their friends
This week, I spoke with David Parkinson, an entrepreneur deep in the Bitcoin journey, turning his passion into a reality. No-one said this was easy, but it sure is interesting! Musqet is a very exciting business, and an example of where I see things going long-term, with practical implementations of Bitcoin in the real world. In particular keep an ear out for his experience fundraising, an area I have more and more interest in.
**Timestamps:**
**0:00** Introducing David and Musket
**0:29** Musket Bitcoin Payment Demo
**2:56** Explaining How Musket Facilitates Bitcoin Payments
**5:44** Defining a Bearer Asset
**10:35** The Intersection of AI, Bitcoin, and Energy
**15:34** David's Origin Story with Bitcoin
**22:37** Adoption of Bitcoin Payments
**32:51** Musket as a Trojan Horse for Bitcoin Adoption
**41:51** Bitcoin Is Inevitable
**47:10** Advice for Aspiring Entrepreneurs
Thank you
Best,
Jake
The same technical analysts that had a chart saying 180k was inevitable
Are now, mhaving said we were in a bull market a few weeks back, are pointing at charts saying it’s going to 40k
More and more I think of it as pointless noise
Where’s that meme I saw recently of the Goldmans boss admitting AI has shortened 6 people’s work for 6 weeks pre-ipo by 95%?
Last few weeks has been some of the most intense I’ve experienced
Got up at 4am to work on what I will do
And there it was
Clear as day
An income strategy that was a niche, leverages my skills and network, plus could be something built for short-term cash and long-term value
Through the pain, comes the opportunity
Or at least a piece of the puzzle has been revealed that wasn’t clear before
Bring it on
Maybe there should be some editing done...
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Interestingly, when we recorded this, I didnt realise how poorly prepared for a price drawdown so I wasn't ready "either way"
A great case of you live and learn
Heard a bunch of second hand stories of plebs being wiped out by leverage
Intense for them
After this price drawdown, and remainder of the bear market, where is price going to be?
Ofc no-one knows, but I need to make some forecasts in order to manage capex and expenditure expectations
Where would you put the USD/BTC price every 6 months for the next 5 years?
GM
Touch sand
Reminding me to stop stressing about what is out of my control
Sending top vibes
Have an amazing day


We’re not wrong
We’re jus early
Bitcoin is a BUY