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!Doge, Tron And The Value Of TruthYou may have recently noticed notable famous Americans suspiciously tweeting about Tron, including Lil Yachty, Amanda Cerny, Lindsay Lohan, NeYo and more. Leading up to the celebrity tweet storm, Tron saw a price push from 83 Satoshis to around 118 Satoshis. The cause of the 42% price increase is unclear; it could be the result of insiders who knew about the publicity stunt, the influencers buying the token right before their shill, or potentially random gains from an alt season. But one thing is for certain - with the rapid speed of crypto adoption, above all else, the truth matters. Taking a step back and analyzing what is going on in the Doge community can provide context for Tron. Like Tron, Doge has been under an immense spotlight with repeated recognition from the (formerly) richest man in the world, Elon Musk. Alongside Elon Musk, other influencers are talking about Doge, including Snoop Dog, Gene Simmons and Mia Khalifa. The reason why people are talking about Doge is simple, it's fun to do so. From the ranks of retail Robinhood traders to corporate elites, owning Doge and being a part of the meme and madness is exciting. Few are under the impression that they invested in a coin with “real-world utility." They largely understand that they are a part of a joke with clear intentions. Furthermore, investors and traders realize that Doge solely derives its value from supply and demand hype, nothing remotely close to real utility. If you were to ask someone who the creator of Dogecoin is, most people wouldn't know that it was two men rather than one, let alone be able to recall the names Billy Markus and Jackson Palmer. Markus can be found on Twitter by the name Shibetoshi Nakamoto with a bio that reads, “Original creator of Dogecoin (though no longer active with the project).” The absence of the original creators is telling - as Elon says, Doge is “the people’s crypto.” The surface value of any joke is the laugh it produces, but when a joke becomes as widespread as Dogecoin, it stands for something greater than a meme. Dogecoin represents an idea of decentralization and honesty, similar to Bitcoin. Absent a legitimate leader, Bitcoin continues to grow through grassroots movements as a way to opt-out of a failing financial system. Dogecoin has become a symbol of decentralization and stands as a stark contrast to the uglier sides of crypto. Sitting at #13 on Coinmarketcap, Dogecoin’s rise to fame is forcing the community to rethink where their values lie, as it continues to shine a light on the shortcomings of other cryptocurrencies.This provides better context for the Tron tweets that appeared across Twitter the past couple of weeks. Rumors spread that there was a targeted campaign to bring influencers into the Tron ecosystem with paid incentives. Those rumors now appear to be confirmed. Considering the tweets only mentioned Tron (TRX) and other Justin Sun coins, the writing on the wall was clear. Sure enough, one of the targeted “influencers” leaked an email from an undisclosed 3rd party that offered to pay for a tweet about Tron. Marques Brownlee, a popular YouTuber, was one of the targeted influencers that leaked the emails offering compensation for a “sponsored tweet” rather than accepting the opportunity. Justin Sun, the CEO, was quick to jump in and claim that neither he nor the Tron Foundation had any involvement with the tweets and that they don’t support what is going on. It may never be known who really was behind the campaign, but one thing is for sure, the people want the truth.When a platform is truly decentralized, growth is likely to be authentic, potentially at the expense of speed. Decentralization is authentic because each voice matters in the decision process. The silent majority will eventually prevail and with that comes a better chance that genuine supporters like Elon Musk will contribute. We live in a day and age where anyone with a couple of hundred bucks can purchase a video on Cameo and receive a fake celebrity endorsement. Generally, people know what's real, what’s trying to be real, and what's a joke. While it may be funny that Lindsay Lohan is “enjoying Tron” it's not a joke people can place their values behind. After being lied to for centuries by corrupt governments, the people want what's real, whether it be an internet dog or digital gold. The truth holds value.Today's livestream will be epic - I am being joined by my friend CryptoBirb. We are going to dive into some charts and talk about the psychology of trading. 2 PM EST!https://www.youtube.com/watch?v=xeRDZJWn9HwI have been adding more videos to my YouTube, so you should definitely subscribe! There's a lot more content coming there in the future.In This Issue:Bitcoin Thoughts And AnalysisAltcoin ChartsLessons LearnedCongress Has Robinhood In Its CrosshairsBill Gates Speaks Out On BitcoinMy Recommended Platforms And Tools
The Wolf Den #182 - The Value Of Truth
The Wolf Den #182 - The Value Of Truth
The Wolf Den #182 - The Value Of Truth
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!Doge, Tron And The Value Of TruthYou may have recently noticed notable famous Americans suspiciously tweeting about Tron, including Lil Yachty, Amanda Cerny, Lindsay Lohan, NeYo and more. Leading up to the celebrity tweet storm, Tron saw a price push from 83 Satoshis to around 118 Satoshis. The cause of the 42% price increase is unclear; it could be the result of insiders who knew about the publicity stunt, the influencers buying the token right before their shill, or potentially random gains from an alt season. But one thing is for certain - with the rapid speed of crypto adoption, above all else, the truth matters. Taking a step back and analyzing what is going on in the Doge community can provide context for Tron. Like Tron, Doge has been under an immense spotlight with repeated recognition from the (formerly) richest man in the world, Elon Musk. Alongside Elon Musk, other influencers are talking about Doge, including Snoop Dog, Gene Simmons and Mia Khalifa. The reason why people are talking about Doge is simple, it's fun to do so. From the ranks of retail Robinhood traders to corporate elites, owning Doge and being a part of the meme and madness is exciting. Few are under the impression that they invested in a coin with “real-world utility." They largely understand that they are a part of a joke with clear intentions. Furthermore, investors and traders realize that Doge solely derives its value from supply and demand hype, nothing remotely close to real utility. If you were to ask someone who the creator of Dogecoin is, most people wouldn't know that it was two men rather than one, let alone be able to recall the names Billy Markus and Jackson Palmer. Markus can be found on Twitter by the name Shibetoshi Nakamoto with a bio that reads, “Original creator of Dogecoin (though no longer active with the project).” The absence of the original creators is telling - as Elon says, Doge is “the people’s crypto.” The surface value of any joke is the laugh it produces, but when a joke becomes as widespread as Dogecoin, it stands for something greater than a meme. Dogecoin represents an idea of decentralization and honesty, similar to Bitcoin. Absent a legitimate leader, Bitcoin continues to grow through grassroots movements as a way to opt-out of a failing financial system. Dogecoin has become a symbol of decentralization and stands as a stark contrast to the uglier sides of crypto. Sitting at #13 on Coinmarketcap, Dogecoin’s rise to fame is forcing the community to rethink where their values lie, as it continues to shine a light on the shortcomings of other cryptocurrencies.This provides better context for the Tron tweets that appeared across Twitter the past couple of weeks. Rumors spread that there was a targeted campaign to bring influencers into the Tron ecosystem with paid incentives. Those rumors now appear to be confirmed. Considering the tweets only mentioned Tron (TRX) and other Justin Sun coins, the writing on the wall was clear. Sure enough, one of the targeted “influencers” leaked an email from an undisclosed 3rd party that offered to pay for a tweet about Tron. Marques Brownlee, a popular YouTuber, was one of the targeted influencers that leaked the emails offering compensation for a “sponsored tweet” rather than accepting the opportunity. Justin Sun, the CEO, was quick to jump in and claim that neither he nor the Tron Foundation had any involvement with the tweets and that they don’t support what is going on. It may never be known who really was behind the campaign, but one thing is for sure, the people want the truth.When a platform is truly decentralized, growth is likely to be authentic, potentially at the expense of speed. Decentralization is authentic because each voice matters in the decision process. The silent majority will eventually prevail and with that comes a better chance that genuine supporters like Elon Musk will contribute. We live in a day and age where anyone with a couple of hundred bucks can purchase a video on Cameo and receive a fake celebrity endorsement. Generally, people know what's real, what’s trying to be real, and what's a joke. While it may be funny that Lindsay Lohan is “enjoying Tron” it's not a joke people can place their values behind. After being lied to for centuries by corrupt governments, the people want what's real, whether it be an internet dog or digital gold. The truth holds value.Today's livestream will be epic - I am being joined by my friend CryptoBirb. We are going to dive into some charts and talk about the psychology of trading. 2 PM EST!https://www.youtube.com/watch?v=xeRDZJWn9HwI have been adding more videos to my YouTube, so you should definitely subscribe! There's a lot more content coming there in the future.In This Issue:Bitcoin Thoughts And AnalysisAltcoin ChartsLessons LearnedCongress Has Robinhood In Its CrosshairsBill Gates Speaks Out On BitcoinMy Recommended Platforms And Tools