This phase is fucking hard. Been here many times before. Nothing really happens, and plenty of coins just slowly bleed.

It’s tempting to sell some of my bags just because nothing is happening. I’ve done that plenty of times in previous runs, and regretted it more often than not.

This is what holding actually feels like. It’s boring most of the time. Things you believe are undervalued can stay that way for weeks or months.

Then, if the repricing comes, it often feels random and violent. Weeks of nothing, followed by a move that barely gives you time to react.

No guarantee every bag gets that moment. But if your thesis still holds, sitting through the boring part is part of the trade.