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Hey everybody I'm just going to say it for a quick open Frank statement to the community. I am tired of the crap that I get for Solana. I picked it at eight dollars and $20 and $22 and yes I layered in all the way up to $200 but remember layering is different. My cost basis today is exactly $46.53.  I am underwater but I have a large position and I have NEVER sold 1 SOL. 

The thesis was always the same.  We base our models on extremely conservative valuation models that are the same as software valuation models we identified Solana before anybody ever even talked about it or knew what it was.  Hence I told people Vechain would never exceed 33 cents by the year 2030 and the internet mocked me.  Who's laughing now?

I also spent all of last year slating most crypto as they did not pass muster under our models.
That was genius. All Metaverse, Most L1s, shit like Kadena at $24.30 and so on.  I get no credit for that. I got ridiculed online.  Now I am ridiculed again.  

In addition - for the record SOL is one of the few cryptos that is flat year over year.  

Yes I realize it is painful when something goes from 8 to 20 to $250 but that is the nature of the beast.   Crypto is risky.  But it is also asymmetric if you can nail it.  My ETH cost basis is $200. My BTC CB is about $9K. My Tesla cost basis is $38.  My SOL cost basis is $46. 

Yes I also realize I did not sell as I felt ETH was going to be valuable and SOL was going to be 20% of the ETH market cap.  That was a mistake.  But that mistake I punished myself - believe me and that mistake gave birth to IADSS to make sure I never make the same mistake twice.  

Now my final point - do the MATH - is a chain that is better cheaper and faster than ETH and has the same number of active users and more breadth of DAPPS  (but has had 3 outages in 18 mths for 18 hours, 7 hours and 4 hours) worth less than 1/17th of the ETH market cap?  That is how you make money in investing.  You do the math.  Pls anyone who is not happy with SOL sell away - but right now it is 4.5% of my Crypto.  I believe it will well outperform ETH when Alts recover.  AGAIN PLS NOBODY BUY SOL.  I do not want to hear about it. DYOR and blaze your own trail.  I do not need to prove myself to anyone. 

Final Final note - is a16z wrong in their data? no I called them. They said they would lose their LPs if their data was wrong. Is Messari wrong? No I called them too. 


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Anonymous

Jame ,u r the Best ,I will follow u ,appreciate ur time ,GBU

Anonymous

Haters are always gonna hate, and my experience has told me that anything worth any value is going to attract haters. Your community values you so much and we stand behind you. You are such a bright light in The world today. Let the haters stew and don’t give them the satisfaction of getting under your skin. We love you James

Anonymous

I am trying to buy more Solana, I feel like it’s the Amazon of Crypto L-1s as it’s Cheapest, Fastest, with more breadth of Dapps. If Amazon went down for 5 hours would people stop ordering from Amazon? I remember when you said that about VeChain. You are the only one who does the math and puts together these models. EARLY investments take time, people mocked Tesla for years but they aren’t laughing now. You will get the last laugh in the end if/when L-1s become more mainstream.

Anonymous

I unsubscribed today and this is my final comment. I was big fan of James's and I followed him from very beginning, from video convincing ppl to buy BTC, great times. Now, he's leading a herd, and my goal changed. Good luck my friends, remember to stay friendly, regardless price action 😉

Anonymous

just got this post recommended from auto-mailing of patreon. sounds like a lot of frustration caused by haters and whiners that dont blame themselves but blame james like he put a gun on their heads, while everything is crushing. i hope they all sell, so we have more time to accumulate love you james, keep going, you were right, you are right, you will be right, they will facepalm and panic buying on 278$ per SOL

Anonymous

Thanks for hanging in there James. Many of "Trust in Math" and have long appreciated ALL of your efforts. For us, watching your channel IS the true asymmetrical best bet of one's limited viewing time!