The "conviction bro" in the storage sector just added another $16 million long position. His SK Hynix and Micron holdings are currently sitting on an unrealized loss of $590K, and he plans to add another $6 million if prices drop further. I respect conviction, but in the face of leverage, conviction isn’t a moat—it’s just a prettier way to describe sunk cost. The prerequisite for doubling down on losses is that your capital outlives your conviction. This script plays out in the crypto world every day—just with higher leverage and faster endings. The market doesn’t pay interest on faith; it pays interest on discipline. $BTC Respect the conviction, but conviction isn’t a moat against leverage—it’s a prettier word for sunk cost. The market doesn’t pay interest on faith; it pays interest on discipline. Survivors aren’t those who believe hardest—they’re those who admit mistakes fastest. #Bitcoin