Doc's Daily Commentary

Mind Of Mav

How To Conquer The Fear-Driven Crypto Markets 


The price of Bitcoin is currently between $29K and $30K. According to our friend Checkmate, with it being so far removed from its ATH of $69k, over 40% of BTC holders are underwater at this point. Unfortunately, it will probably get worse before it gets better.

If you go around the social networks, from Reddit to Quora to Twitter, you’ll see the same question pop up again and again — that question is constantly asked by new entrants to this market, or by those who have sold at a loss (or not) and don’t dare enter the market again.

This question should not surprise you: “Is it a good time to buy Bitcoin?

To this question, I always answer the same thing, because you only have one way to answer it. In preparing this newsletter, I had fun looking through some old pieces I had written to answer this question.

On June 20, 2020, when the price of Bitcoin was $9.3K, I wrote that:

The Perfect Time to Buy Bitcoin is Always Now. Once you understand the reason for Bitcoin, it’s a no-brainer.

Almost two years later, things haven’t changed. The reason things haven’t changed about Bitcoin is that the design of the Bitcoin protocol hasn’t changed as I told you yesterday:

The fundamentals of Bitcoin are the same. Bitcoin is still about giving you back the power over your money by protecting you from censorship and monetary inflation.

Buying Bitcoin at $9K was already something obvious if you understood the why of Bitcoin, just as it was at $3.1K in December 2018 or $3.8K in March 2020. It was just as obvious in November 2021 at $69K. And yes, buying Bitcoin at $69K was still a good deal as the future that awaits Bitcoin will be incredible.

As you read this, you will understand that the answer to this question is unique to each of you.

The answer will not be the same for someone who still hasn’t understood the why of Bitcoin. Indeed, if the price of Bitcoin drops after his buy, that person might decide to sell at a loss, due to a lack of confidence. Even if the price is 55% below the November 2021 ATH, that doesn’t mean that the price of Bitcoin can’t go even lower. We have seen several crashes of over 80% in the price of Bitcoin in the past.

We could see more of course.

As I always tell you, the guarantees that Bitcoin gives you are related to its protocol and design, not to its price. There can be a significant gap between the price of Bitcoin at any given moment and its fundamentals because it all depends on the market’s perception of the value of Bitcoin. When fear prevails, far too many people lose their sense of logical reasoning.

This is where people who have made the winning choice to take a long-term view of Bitcoin will be able to accumulate even more BTC. So for these people, the answer is the same as it was two years ago, four years ago, or six years ago: the perfect time to buy Bitcoin is always now.

So you have to make the only choice you can with Bitcoin. That choice is to make the intellectual effort to understand its why. Do your research. Make the effort to get to the bottom of it. I don’t know anyone who has spent more than 100 hours studying Bitcoin and the economy who didn’t end up becoming a Bitcoiner.

The process may take time, but in the end, you have everything to gain by committing to it fully. In the end, you’ll get what we should all strive for: the ability to live your life on your own terms by taking back control of your money.

If you still have doubts after reading my answer, you may not be ready yet. For the rest of you, I suspect that you have already taken advantage of the current market opportunity to strengthen your positions. This is a decision that will greatly benefit you in the future, as you will have the patience to take full advantage of the Bitcoin revolution.

In any case, I’ll see you in two years for another newsletter of the same type, as I do not doubt that this issue will come to the fore again and again in the future.

Those who finally understand will pay the price they deserve for their Bitcoin at that time because everything is fair in the Bitcoin revolution. We all have the same opportunities, but some seize them before others. It’s up to you to be in that category.

The ReadySetCrypto "Three Token Pillars" Community Portfolio (V3)

Add your vote to the V3 Portfolio (Phase 3) by clicking here.

View V3 Portfolio (Phase 2) by clicking here.

View V3 Portfolio (Phase 1) by clicking here.

Read the V3 Portfolio guide by clicking here.

What is the goal of this portfolio?

The “Three Token Pillars” portfolio is democratically proportioned between the Three Pillars of the Token Economy & Interchain:

CryptoCurreny – Security Tokens (STO) – Decentralized Finance (DeFi)

With this portfolio, we will identify and take advantage of the opportunities within the Three
Pillars of ReadySetCrypto. We aim to Capitalise on the collective knowledge and experience of the RSC
community & build model portfolios containing the premier companies and projects
in the industry and manage risk allocation suitable for as many people as

The Second Phase of the RSC Community Portfolio V3 was to give us a general idea of the weightings people desire in each of the three pillars and also member’s risk tolerance. The Third Phase of the RSC Community Portfolio V3 has us closing in on a finalized portfolio allocation before we consolidated onto the highest quality projects.

Our Current Allocation As Of Phase Three:

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The ReadySetCrypto "Top Ten Crypto" Community Portfolio (V4)

Add your vote to the V4 Portfolio by clicking here.

Read about building Crypto Portfolio Diversity by clicking here.

What is the goal of this portfolio? 

The “Top Ten Crypto” portfolio is a democratically proportioned portfolio balanced based on votes from members of the RSC community as to what they believe are the top 10 projects by potential.
This portfolio should be much more useful given the ever-changing market dynamics. In short, you rank the projects you believe deserve a spot in the top 10. It should represent a portfolio and rank that you believe will stand the test of time. Once we have a good cross-section, we can study and make an assessment as to where we see value and perhaps where some diamonds in the rough opportunities exist. In a perfect world, we will end up with a Pareto-style distribution that describes the largest value capture in the market.
To give an update on the position, each one listed in low to high relative risk:
SoV/money == BTC, DCR
Platforms == ETH, XTZ
Private Money == XMR / ZEC / ZEN
DeFi == MKR / SNX and stablecoins
It is the most realistic way for us to distill the entirety of what we have learned (and that includes the RSC community opinion). We have an array of articles that have gradually picked off one by one different projects, some of which end up being many thousands of words to come to this conclusion. It is not capitulation because we all remain in the market. It is simply a consolidation of quality. We seek the cream of the crop as the milk turns sour on aggregate.

Current Top 10 Rankings:



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