Most tourists leave when the candles turn red. The Masters engage. We understand market cycles not as disasters, but as seasons. You plant in the winter (bear market) to harvest in the summer (bull market).
Time Preference
Low time preference means delaying gratification. It means holding a high-conviction asset through a 50% drawdown because the fundamental thesis hasn't changed. High time preference is panic-selling the bottom to buy a memecoin at the top.
The 4-Year Cycle (halving cycle) is the heartbeat of this industry. If you can zoom out and align your strategy with this macro rhythm, you stop checking charts every 5 minutes and start building for the next decade.
Conviction Sizing
Don't bet the farm on a gamble. But when you find a project with product-market fit, real revenue, and a growing user base? Bet big enough that it matters.