Written by: Jake Pahor
Translated by: Deep Tide TechFlow
Introduction: Australian trader Jake Pahor publicly revealed his true holdings: 100% Bitcoin, zero altcoins. This isn't a matter of faith, but rather the choice of an ordinary person with a full-time job and family to support after suffering heavy losses in the last cycle—complex strategies require time, and Bitcoin outperformed almost all the altcoins he held in the previous cycle. He uses the CSH scoring system for dynamic dollar-cost averaging, buying more as the score decreases, and his exit strategy is also fixed in his plan. The value of this system isn't in copying others' strategies, but in showing you clearly: only the rules you've written down beforehand can withstand market sentiment at 11 pm.
Every SMSF (Self-Managed Superannuation Fund) consultation ends with the same result.
We've finished the paperwork. Trust deed, bank accounts, escrow, audit records. Everything that keeps things from getting complicated. Then there's a brief pause, and I know exactly what's going to happen next. "So, should I buy now? Should I wait? What should I buy?" I can't answer. Not because I don't want to. I can't. The person asking might be 42 with twenty years left, or 68 with only three. They might sleep soundly through a 30% drawdown, or they might collapse at a 10% drop. No one can answer that question for someone else; anyone who gives an answer is just guessing. But hundreds of people have asked me this question already, which is why Tom and I created CSH. So this week I'm going to give the only honest answer: how my own money works, and the system that drives it. Not for you to copy. It lets you see what a system looks like, and then build your own. All the content below runs on the free version of the app. CSH Risk Dashboard CSH Score: 25.6/100 — Early Cycle (Stable, +0.7 this week). In the bottom 22% of all readings since 2011, and has remained in the 20-30 range for 52 consecutive days. Key Indicators: BTC: $64,492 / AUD 91,717 (7-day: essentially unchanged) BTC Dominance: 59.2% ETH/BTC: 0.029 TOTAL3/BTC (Altcoins denominated in Bitcoin): 0.37 — Previous cycles bottomed around 0.25 Fear & Greed Index: 26 - Fear Total Market Cap: $2.27 trillion Review: Last time I said three things had to happen before this bear market ended, and none of them happened. A week has passed, and it's still 0 to 3. The only noteworthy change: BTC climbed back above the 200-week moving average (around $63,300). A necessary condition, but far from sufficient. Jake's interpretation: Two weeks of sideways trading between approximately $62,000 and $66,000, with the rating hovering around 20 points. The market was boring, the macro environment was noisy. My plan remains unchanged this week; this is the plan. [Image: CSH Risk Score Dashboard, score 25.6/100, in the early stage of a cycle, having remained in the 20-30 range for 52 consecutive days.] Source: Crypto Super Hub
How I Invest My Money
No headline this week. The question above is more important than any news cycle, so here's my answer: three rules.
Rule 1: Benchmark against two benchmarks. I track my portfolio using two dimensions: the US dollar and Bitcoin. The second number keeps me grounded. If your altcoin doubles while Bitcoin triples, you're actually losing money. You just don't notice because you're only looking at the dollar figure. Fifteen years later, BTC is still the benchmark for the entire asset class. If I'm going to hold something else, it's because I genuinely believe it will outperform Bitcoin. Otherwise, why hold it?
Rule 2: Core Priorities, Know Your Limits. Right now, I hold 100% Bitcoin. Zero altcoins. This isn't forever, it just fits my life. I have a family, work full-time at an exchange, and am building CSH in my spare time.
Rule 2: Core Priorities, Know Your Limits.
... Altcoin rotation is for those with time. I know this because I tried it in the last cycle, holding a bunch of altcoins without a plan, and got wiped out, while Bitcoin quietly outperformed almost all the coins I held. The lesson isn't that altcoins are bad. It's that my portfolio must fit my real life. Start with BTC as the core. Only add complexity when you have the time and skill to commit. Rule Three: Let the system buy. My money is dynamically priced through CSH scores. I buy according to the plan, but only when the score is in my 10 to 30 range. The position is dynamic: the lower the score, the more I buy. A moderate position is built at a score of 30. The position is several times larger at a score of 15. Every decision is made months ago in a calm state. The market can't renegotiate with me at 11 pm. The same mechanism works in reverse. My plan is to dynamically sell above the exit range. Last cycle, writing down the exit rules was the difference between realizing the cycle's profits and riding the rollercoaster. Bitcoin's entire lifespan follows a very close four-year rhythm. I won't fight it with my gut feeling. Where am I this week? Rating 25.6, regular buying is running within the range, and larger positions are waiting for a score below 20 that hasn't appeared yet. I've deliberately not made any new moves for two weeks. Inaction is also a position, and this is my current position. Jake's Workbench Big update this week: My Plans feature has been completely revamped. Email alerts are now online. You can set portfolio goals and watch them fill up. Order records only require two clicks, and the portfolio view now displays your average purchase price next to the live rating. It's becoming the screen I'll be looking at, not the price. This is my own plan, a screenshot directly from the app: [Image: My own dollar-cost averaging plan, buying 0.2279 BTC since the end of June at an average price of AUD 87,755, with a target of 2 BTC. Source: Crypto Super Hub] Three orders have been recorded since the end of June, buying 0.2279 BTC towards the 2 BTC target at an average purchase price of AUD 87,755. A quick explanation to avoid misunderstanding: This plan only tracks the portion I've bought since it went live a few weeks ago. This is a slice of my holdings, not the entirety. But this is the system mentioned above, publicly running, and records begin to accumulate here. Next step for the workbench: CSV upload and exchange synchronization to simplify order recording. The altcoin season discussion is back. My feed is full of rotation recommendations. The indicator I'm watching says it hasn't arrived yet: the market capitalization of altcoins priced in BTC is at 0.37, and each cycle bottoms out around 0.25 before altcoins start to rise. Dominance is still rising, and ETH/BTC is still flat. So: if someone recommends altcoin rotation to you this week, ask them what benchmark they're using.

Chart: (TOTAL3 - USDT)/BTC price movement. Altcoins are valued at 0.37 in BTC terms, with previous cycles bottoming out around 0.25. Source: Trading View
The Federal Reserve is meeting on Wednesday (US time). The probability of maintaining interest rates is about 85%, but whispers of rate hikes are getting louder. So: unless your plans depend on next month's interest rates, this is just noise. My plans don't depend on this.
Visa launched a stablecoin platform, allowing banks to issue their own stablecoins without building their own infrastructure. So: this is the meaning of a bear market. When no one is watching the market, infrastructure is being built.