Allocation Warning (Patreon)

Chart above shows relative performance of SOL vs AVAX and ETH over the last year. The lesson we learned from Luna was sometimes some things can blow up fast. Algorithmic stablecoins were always very risky. Anchor was always a Ponzi but no one expected it to implode this fast. It was always a speculation from my side. It was not a core holding. That being said, the big lesson here is portion size is critical. I want to make sure the community is not irresponsibly long Solana. My current Solana holding is about 5% of my crypto because it shrank so much down from 8%. Eth is down 15%. 

Even though all of our models point to bitcoin being the safest and Solana being #2 in terms of risk and reward, it doesn't mean anyone should ape into this asset. There is a lot of risk with SOL considering their 2 outages in the last 8 months. But at the same time there's a potential for 5x return. That does NOT mean people should ape in with more than 10 or 15 % of their portfolio. 

Note: I am still converting my ETH to SOL like I did on May 11 at .023 

I will share my portfolio allocations as they change. My goal since May 2021 was to bring my SOL bag up to the equivalent size of my ETH bag. It is still my current goal.