PHEMEX just launched a new bonus that is running for 3 weeks. They are offering up to a $600 bonus for BTC deposits, depending on how much you deposit. With the existing $120 bonus for signups using my link, that is $720 in potential bonuses. Current users are also eligible for the new bonus, but every existing user needs to click “sign up” in the page linked here.Sign up here - https://phemex.com/a/ScottMelkerThe greatest investors are adamant.Warren Buffet bought his first stock in 1942, during the thick of World War 2. Then came the Korean War, Polio, the Vietnam War, Smallpox, the Cold War, 9/11, the War on Iraq, 2008, Covid and so on.One thing remained true through all of the hardships above - Warren Buffet never sold. All long term investors need is a belief in America, the ability to ignore the headlines, and the understanding that progress is inevitable. $10,000 invested in 1942 in an index fund and continually reinvested would be worth $51 million today. This is roughly a 509,900% increase or 5,100x gain. Of course, inflation plays a significant role here, but the point still stands.21st-century investors have been calling for a meltdown of epic proportions, citing anomalies such as Y2K, a possible WW3, Game Stop Gamma Squeezes, etc. to be the catalyst for the inevitable death of the market. Just scrolling through this week's major headlines, I saw words such as “nightmare, a market bubble and growing fear, and panic." I am not denying the fact that the ramifications of the Reddit vs. Wall Street disaster are serious, or that people lost billions of dollars in a fixed market, but my long-term investing outlook remains the same. Losing money is always terrible, but the threat of hundreds of millions dying from a disease (Smallpox) or the threat of mutually assured destruction is many multiples worse then the GameStop situation and the world still recovered. The GameStop frenzy will go down as another market anomaly, no different than when oil prices were negative and buyers couldn't be found in a market that literally would pay you to buy. These "black swan" events will always happen - the important lesson here is for investors to remain adamant. Adamant is defined as: refusing to be persuaded or to change one's mind. Anyone can do it, regardless of skill, IQ, or status. The most profitable investors are immovable, unshakeable, and uncompromising, through hell and high water, war or disease. They remain certain there will be better days ahead in the long term and that their investments will continue to grow with time in the market. In This Issue:Bitcoin Thoughts And AnalysisChart RequestsGrayscale’s Take On Defining EthereumGrayscale Trust Is Adding Ethereum FastMichael Saylor Is Pitching Bitcoin To Over 1,000 CompaniesVisa Is Working With Banks To Implement BitcoinWill Ripple Beat The SEC?The Wolf Of All Streets Podcast Ft. Andrew HendersonMy Recommended Platforms And Tools
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The Wolf Den #171 - Great Investors Are…
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PHEMEX just launched a new bonus that is running for 3 weeks. They are offering up to a $600 bonus for BTC deposits, depending on how much you deposit. With the existing $120 bonus for signups using my link, that is $720 in potential bonuses. Current users are also eligible for the new bonus, but every existing user needs to click “sign up” in the page linked here.Sign up here - https://phemex.com/a/ScottMelkerThe greatest investors are adamant.Warren Buffet bought his first stock in 1942, during the thick of World War 2. Then came the Korean War, Polio, the Vietnam War, Smallpox, the Cold War, 9/11, the War on Iraq, 2008, Covid and so on.One thing remained true through all of the hardships above - Warren Buffet never sold. All long term investors need is a belief in America, the ability to ignore the headlines, and the understanding that progress is inevitable. $10,000 invested in 1942 in an index fund and continually reinvested would be worth $51 million today. This is roughly a 509,900% increase or 5,100x gain. Of course, inflation plays a significant role here, but the point still stands.21st-century investors have been calling for a meltdown of epic proportions, citing anomalies such as Y2K, a possible WW3, Game Stop Gamma Squeezes, etc. to be the catalyst for the inevitable death of the market. Just scrolling through this week's major headlines, I saw words such as “nightmare, a market bubble and growing fear, and panic." I am not denying the fact that the ramifications of the Reddit vs. Wall Street disaster are serious, or that people lost billions of dollars in a fixed market, but my long-term investing outlook remains the same. Losing money is always terrible, but the threat of hundreds of millions dying from a disease (Smallpox) or the threat of mutually assured destruction is many multiples worse then the GameStop situation and the world still recovered. The GameStop frenzy will go down as another market anomaly, no different than when oil prices were negative and buyers couldn't be found in a market that literally would pay you to buy. These "black swan" events will always happen - the important lesson here is for investors to remain adamant. Adamant is defined as: refusing to be persuaded or to change one's mind. Anyone can do it, regardless of skill, IQ, or status. The most profitable investors are immovable, unshakeable, and uncompromising, through hell and high water, war or disease. They remain certain there will be better days ahead in the long term and that their investments will continue to grow with time in the market. In This Issue:Bitcoin Thoughts And AnalysisChart RequestsGrayscale’s Take On Defining EthereumGrayscale Trust Is Adding Ethereum FastMichael Saylor Is Pitching Bitcoin To Over 1,000 CompaniesVisa Is Working With Banks To Implement BitcoinWill Ripple Beat The SEC?The Wolf Of All Streets Podcast Ft. Andrew HendersonMy Recommended Platforms And Tools