Chia (XCH)

I don't understand why Chia is shitting the bed...

Bram: I'm using Opus 4.6 no thinking. https://t.co/PsY5NvVuB4

This mint page is insane
If the sage wallet connect works I’m about to throw some XCH

The Dow lost 17% in 1929. Investors who bought the dip lost 34% in 1930. Those who bought that dip lost 53% in 1931. Then another 23% in 1932.

Four consecutive losing years. Peak to trough: 89%.

A portfolio of $100,000 became $11,000. To get back to even, it needed a 800% gain. That took 25 years.

Look at the chart. That scar on the left is the only one of its kind in a century. Every drawdown since looks shallow next to it. 2008 was a 50% decline and it broke a generation of investors. 1929 was nearly double that, and it lasted four times as long.

Here is what nobody tells you about the investors who survived it: they weren't the smartest. They were the ones who never had to sell. No leverage. No margin calls. Cash to live on.

Risk management isn't predicting the storm. It's building a boat that doesn't need one to stay away.