Well, if I'm down 80% and don't mind, it's probably discretionary by definition, right?

I know what I'm doing. I understand crypto at a deep level, I understand risk and EV at a very deep level, and I'm really comfortable with my position.

While it is high variance and relatively risky, to call investing in Ethereum a lottery is ignorant. You're either offering an opinion on something that you don't know about, or you are completely disregarding the work of many extraordinarily talented computer scientists.