This newsletter is sponsored by PHEMEX, the only exchange that I use to trade crypto with leverage. Sign up with the link above and get some free Bitcoin. I really encourage you to check them out - you know that I never endorse a product that I do not use!Happy Monday!I hope that all of you had a wonderful weekend and took a break from staring at charts and watching the markets. Bitcoin has continued to chop sideways in a narrow range, barely moving since the end of November. This is likely a great opportunity to spend time learning, studying and preparing setups and ideas for the next big move, which we all know will inevitably come.Leveraged traders are largely getting chopped up by the price action. This serves as a great reminder that sometimes remaining on the sidelines is the best strategy. Sitting on your hands is as much of a position as being short or long. This is one of the most important facets of risk management - knowing when to trade and knowing when to observe.For the moment, I am observing.I wrote an article about this and other key topics for beginners in 2019 for CoinTelegraph. I have included the text of that article below in the Education section. It's funny for me to read it, because some of it is out of date and does not echo my current thinking - most notably that crypto is riskier than other assets and should only be a very small part of the portfolio. I, like many, have increased exposure to the crypto market because it has increasingly become a clear hedge and a "safer" investment than it once was.In This Issue:Bitcoin Thoughts And AnalysisAltcoinsTrading Bitcoin Is Hard - 10 Things Every Beginner Trader Must KnowChina Pushing Digital YuanThe Sats Vs. Bits DebateCoinbase Supports Spark AirdropConvert Everything to XRP for Spark Token? I Wouldn't.1% of Ethereum Is LockedMy Recommended Platforms And Tools
The Wolf Den #130 - Highest Weekly Close Ever
The Wolf Den #130 - Highest Weekly Close Ever
The Wolf Den #130 - Highest Weekly Close Ever
This newsletter is sponsored by PHEMEX, the only exchange that I use to trade crypto with leverage. Sign up with the link above and get some free Bitcoin. I really encourage you to check them out - you know that I never endorse a product that I do not use!Happy Monday!I hope that all of you had a wonderful weekend and took a break from staring at charts and watching the markets. Bitcoin has continued to chop sideways in a narrow range, barely moving since the end of November. This is likely a great opportunity to spend time learning, studying and preparing setups and ideas for the next big move, which we all know will inevitably come.Leveraged traders are largely getting chopped up by the price action. This serves as a great reminder that sometimes remaining on the sidelines is the best strategy. Sitting on your hands is as much of a position as being short or long. This is one of the most important facets of risk management - knowing when to trade and knowing when to observe.For the moment, I am observing.I wrote an article about this and other key topics for beginners in 2019 for CoinTelegraph. I have included the text of that article below in the Education section. It's funny for me to read it, because some of it is out of date and does not echo my current thinking - most notably that crypto is riskier than other assets and should only be a very small part of the portfolio. I, like many, have increased exposure to the crypto market because it has increasingly become a clear hedge and a "safer" investment than it once was.In This Issue:Bitcoin Thoughts And AnalysisAltcoinsTrading Bitcoin Is Hard - 10 Things Every Beginner Trader Must KnowChina Pushing Digital YuanThe Sats Vs. Bits DebateCoinbase Supports Spark AirdropConvert Everything to XRP for Spark Token? I Wouldn't.1% of Ethereum Is LockedMy Recommended Platforms And Tools