Sold off 50% of VEN

Good returns, going to cash some in BTC while BTC is still low. Note my position in BTC is extremely concentrated at ~75% of crypto portfolio, fiat ready to be traded (~20%), then various alts (~5%). Total ~10% of my net worth. Note position sizing. High confidence in BTC. Planned exit is to sell off incrementally to ~1-2% total net worth, assuming BTC goes to $200,000+ (unlikely probabilistically, <10% probability). I’ve explained my hypothesis before widely on Quora.

Short term volatility says little about actual risk. Keep in mind the extreme volatility is not a disadvantage, it’s an opportunity - if you are patient. Someone always seems to be making more - but being patient is what matters.

Esaias Tong