The Wolf Den #20 - Hacked, $BTC, Alt Trades, Emotions, More
thewolfden.substack.com
What a week. Since I last wrote, I was the target of a SIM-Swap and have been relentlessly working to stay ahead of the hackers. I have spent days (and nights) working on this - needless to say it has been a major inconvenience and strain on myself and my family.It has also forced me to evaluate what and how much I share online. As you all know, I am a very public person, a function of being a public personality before crypto even existed. Further, I am completely transparent with everyone, even strangers in my Twitter DMs. "Scott, what exchanges do you use?" I give them an honest answer... NOT smart. I have probably told the hacker quite a bit of information directly, trying to help a stranger.We all love the statement that "Bitcoin solves this." We believe that cryptocurrency can change the way that the world views and utilizes money and can put control into the hands of the people and not the middle men and governments with their own interests at heart. That said - with great power comes great responsibility. If you are hacked and lose your money or credit card, there are systems in place to protect you, to help you recover your funds, and to mitigate future damage. Regulation is, more often than not, good for the consumer when that consumer is at risk.This is not the case with crypto. You are responsible for your own security and nobody will be there to bail you out. This is why I would never be overexposed to Bitcoin. The risk of becoming a target (which I am) and losing everything far outweighs the benefits of holding too much crypto or the potential gains. That is my opinion, especially being in the public eye. Be careful being "all in" anything, especially if that thing can be stolen from you with no way to recover it.If you want to hold crypto, understand that YOU ARE YOUR OWN BANK. If you are not ready to accept this responsibility, then put your money elsewhere. This means taking similar personal security measures that a bank takes to protect their money. If you get robbed, it is most likely a result of your own laziness and less because of the brilliance of the criminal. Being a crypto maximalist means being VIGILANT. There are countless steps to take to maximize your security - some are listed below, but there is always more to do.On a brighter note, the market has been spectacular. While I am not personally trading for a while after the hack, there have been numerous opportunities to make money both in crypto and legacy markets, many of which I will share today.I put out a newsletter like this EVERY TUESDAY for paid members. The setups and ideas alone have paid for people's memberships many times over. It is only $15 a month - less than a weekly cup of coffee at Starbucks. Every Thursday, I look at requests from members and share their charts. It's a HANDFUL. Last week alone I looked at these charts - $ALGO $ARDR $ATOM $BE $BSV $BTT $CBT $DASH $DGB $ETSY $ETH $FTX $HBAR $HOT $ICX $LINK $MATIC $PDD $POWR $RCN $REN $TRX $TTD $TWTR $URTH $WTC $XAG $XRP $XTZ $ZRX.Join HERE: https://www.getrevue.co/profile/TheWolfDen/membersIf you cannot use a credit card, please respond to this email directly for BTC and crypto payment options. I will go out of my way to make sure that you have access to this information, as I believe the hard lessons that I have learned are valuable to beginners and advanced traders a like.What’s in this issue?Bitcoin Charts And AnalysisHacked: SIM- Swap, My Story And Security TipsAltcoin TradesCryptoTrader.TaxLegacy MarketsTips To Detach Your Emotions From Your TradingChinese Miners Shut DownInstitutional Money Is Already Here
The Wolf Den #20 - Hacked, $BTC, Alt Trades, Emotions, More
The Wolf Den #20 - Hacked, $BTC, Alt Trades…
The Wolf Den #20 - Hacked, $BTC, Alt Trades, Emotions, More
What a week. Since I last wrote, I was the target of a SIM-Swap and have been relentlessly working to stay ahead of the hackers. I have spent days (and nights) working on this - needless to say it has been a major inconvenience and strain on myself and my family.It has also forced me to evaluate what and how much I share online. As you all know, I am a very public person, a function of being a public personality before crypto even existed. Further, I am completely transparent with everyone, even strangers in my Twitter DMs. "Scott, what exchanges do you use?" I give them an honest answer... NOT smart. I have probably told the hacker quite a bit of information directly, trying to help a stranger.We all love the statement that "Bitcoin solves this." We believe that cryptocurrency can change the way that the world views and utilizes money and can put control into the hands of the people and not the middle men and governments with their own interests at heart. That said - with great power comes great responsibility. If you are hacked and lose your money or credit card, there are systems in place to protect you, to help you recover your funds, and to mitigate future damage. Regulation is, more often than not, good for the consumer when that consumer is at risk.This is not the case with crypto. You are responsible for your own security and nobody will be there to bail you out. This is why I would never be overexposed to Bitcoin. The risk of becoming a target (which I am) and losing everything far outweighs the benefits of holding too much crypto or the potential gains. That is my opinion, especially being in the public eye. Be careful being "all in" anything, especially if that thing can be stolen from you with no way to recover it.If you want to hold crypto, understand that YOU ARE YOUR OWN BANK. If you are not ready to accept this responsibility, then put your money elsewhere. This means taking similar personal security measures that a bank takes to protect their money. If you get robbed, it is most likely a result of your own laziness and less because of the brilliance of the criminal. Being a crypto maximalist means being VIGILANT. There are countless steps to take to maximize your security - some are listed below, but there is always more to do.On a brighter note, the market has been spectacular. While I am not personally trading for a while after the hack, there have been numerous opportunities to make money both in crypto and legacy markets, many of which I will share today.I put out a newsletter like this EVERY TUESDAY for paid members. The setups and ideas alone have paid for people's memberships many times over. It is only $15 a month - less than a weekly cup of coffee at Starbucks. Every Thursday, I look at requests from members and share their charts. It's a HANDFUL. Last week alone I looked at these charts - $ALGO $ARDR $ATOM $BE $BSV $BTT $CBT $DASH $DGB $ETSY $ETH $FTX $HBAR $HOT $ICX $LINK $MATIC $PDD $POWR $RCN $REN $TRX $TTD $TWTR $URTH $WTC $XAG $XRP $XTZ $ZRX.Join HERE: https://www.getrevue.co/profile/TheWolfDen/membersIf you cannot use a credit card, please respond to this email directly for BTC and crypto payment options. I will go out of my way to make sure that you have access to this information, as I believe the hard lessons that I have learned are valuable to beginners and advanced traders a like.What’s in this issue?Bitcoin Charts And AnalysisHacked: SIM- Swap, My Story And Security TipsAltcoin TradesCryptoTrader.TaxLegacy MarketsTips To Detach Your Emotions From Your TradingChinese Miners Shut DownInstitutional Money Is Already Here