I cannot recommend PHEMEX enough! They are, of course, the sponsor of the newsletter, but also where I actively trade both Bitcoin and alts with leverage. They have now added interest bearing accounts (up to 10%), free spot trading, more pairs etc. Incredible company, great platform. You should absolutely sign up here! There is endless talk and excitement about alt season on crypto twitter, with many influencers declaring that it has arrived and that we are all about to make ungodly gains trading altcoins.The truth is, alt season is somewhat of a meme and the idea is basically irrelevant.While it's fun to recall alt seasons of the past, the market has changed dramatically and it's a bit silly to expect the exact same phenomenon to repeat itself in the exact same way. What happened in a speculative bubble in 2017 is not the same as what we are likely to see in a more mature market in 2020.There have been "alt seasons" happening now for years - especially in DeFi, which had a full on speculative bubble in 2020, with coins pulling 100x gains on a regular basis.The market is different now.This is NOT to say that now (or the future )are bad times to trade alts. My point is quite the contrary. There have been alt trading opportunities most of the time in the past few years, even without an "alt season." That's the point.Waiting for a mythical window of time when crypto twitter deems it appropriate to trade alts will leave you missing 99% of opportunities. We have been making insane gains trading together for years already here, without having to declare an alt season, or wait for the green light because every coin is going to pump.There are almost always good trades to take.Trade a good setup when it is presented, make money, move on.A proper alt season is possible and would be amazing, but there's no need to wait until that happens to make money.I am going to do a livestream today at 2 PM EST and hunt for new trades! This is purely educational, showing how I decide what charts to open, how I identify opportunities and then decide whether or not to trade them.Watch it here: https://youtu.be/uf-4jVl8zH0In This Issue:Bitcoin Thoughts And AnalysisAltcoin ChartsThe Bitcoin Phase TransitionPayPal Is Booming On BitcoinCoinbase Is Working To Fix OutagesSatoshis Per PersonMy Recommended Platforms And Tools
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The Wolf Den #158 - Alt Season Is... A Meme
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I cannot recommend PHEMEX enough! They are, of course, the sponsor of the newsletter, but also where I actively trade both Bitcoin and alts with leverage. They have now added interest bearing accounts (up to 10%), free spot trading, more pairs etc. Incredible company, great platform. You should absolutely sign up here! There is endless talk and excitement about alt season on crypto twitter, with many influencers declaring that it has arrived and that we are all about to make ungodly gains trading altcoins.The truth is, alt season is somewhat of a meme and the idea is basically irrelevant.While it's fun to recall alt seasons of the past, the market has changed dramatically and it's a bit silly to expect the exact same phenomenon to repeat itself in the exact same way. What happened in a speculative bubble in 2017 is not the same as what we are likely to see in a more mature market in 2020.There have been "alt seasons" happening now for years - especially in DeFi, which had a full on speculative bubble in 2020, with coins pulling 100x gains on a regular basis.The market is different now.This is NOT to say that now (or the future )are bad times to trade alts. My point is quite the contrary. There have been alt trading opportunities most of the time in the past few years, even without an "alt season." That's the point.Waiting for a mythical window of time when crypto twitter deems it appropriate to trade alts will leave you missing 99% of opportunities. We have been making insane gains trading together for years already here, without having to declare an alt season, or wait for the green light because every coin is going to pump.There are almost always good trades to take.Trade a good setup when it is presented, make money, move on.A proper alt season is possible and would be amazing, but there's no need to wait until that happens to make money.I am going to do a livestream today at 2 PM EST and hunt for new trades! This is purely educational, showing how I decide what charts to open, how I identify opportunities and then decide whether or not to trade them.Watch it here: https://youtu.be/uf-4jVl8zH0In This Issue:Bitcoin Thoughts And AnalysisAltcoin ChartsThe Bitcoin Phase TransitionPayPal Is Booming On BitcoinCoinbase Is Working To Fix OutagesSatoshis Per PersonMy Recommended Platforms And Tools