The Wolf Den #273 - Sentiment = Anger + Depression
thewolfden.substack.com
This newsletter is sponsored by PHEMEX, the world's best crypto exchange for both spot and leverage. Sign up with the link above and get some free Bitcoin. I really encourage you to check them out.IF YOU HAVE ANY ISSUE WITH THE NEWSLETTER OR YOUR SUBSCRIPTION, PLEASE CONTACT: PREMIUMSUPPORT@GETREVUE.COUnfortunately, the price of Bitcoin has gone low enough that the crypto community is seemingly focusing on the flaws of others vs. the adoption of the market as a whole. Because there is a general air of anger and depression about the market, people have become irritated and have started attacking each other over minor issues that probably wouldn’t have mattered if price was going up. Nobody is perfect, and everyone here is a bit crazy - it's part of the reason that we are so passionate about crypto in the first place. But attacking the reputations and livelihoods of people doing their best with good intentions just hurts us all in the end. When people are losing money, they want to find someone to blame.Unfortunately, the price of an asset has the power to alter the mental state of the market, but also turn the collective into a monster, ready to pounce at the slightest provocation. When prices go up, the same phenomenon happens with equal intensity, but on the opposite end of the spectrum. All of a sudden, everyone behaves like long-time best friends, rooting for each other's success.Take this as a lesson on how to read the market and what we can expect once things turn around. As ridiculously ugly it has become right now, it will eventually be a hyperbolic paradise on the other side. Both are dangerous and rarely last long; plan accordingly and never forget.Live stream today at 2 PM EST - https://www.youtube.com/watch?v=4oWIo04zoDEIn This Issue:Sentiment = Anger + DepressionBitcoin Thoughts And AnalysisAltcoin ChartsLiquidity And SFPsA Massive Drop In Bitcoin’s Difficulty Is On The WayIs Binance Banned In the UK?Jack Dorsey And Elon Musk Will Discuss BitcoinMy Recommended Platforms And Tools
The Wolf Den #273 - Sentiment = Anger + Depression
The Wolf Den #273 - Sentiment = Anger …
The Wolf Den #273 - Sentiment = Anger + Depression
This newsletter is sponsored by PHEMEX, the world's best crypto exchange for both spot and leverage. Sign up with the link above and get some free Bitcoin. I really encourage you to check them out.IF YOU HAVE ANY ISSUE WITH THE NEWSLETTER OR YOUR SUBSCRIPTION, PLEASE CONTACT: PREMIUMSUPPORT@GETREVUE.COUnfortunately, the price of Bitcoin has gone low enough that the crypto community is seemingly focusing on the flaws of others vs. the adoption of the market as a whole. Because there is a general air of anger and depression about the market, people have become irritated and have started attacking each other over minor issues that probably wouldn’t have mattered if price was going up. Nobody is perfect, and everyone here is a bit crazy - it's part of the reason that we are so passionate about crypto in the first place. But attacking the reputations and livelihoods of people doing their best with good intentions just hurts us all in the end. When people are losing money, they want to find someone to blame.Unfortunately, the price of an asset has the power to alter the mental state of the market, but also turn the collective into a monster, ready to pounce at the slightest provocation. When prices go up, the same phenomenon happens with equal intensity, but on the opposite end of the spectrum. All of a sudden, everyone behaves like long-time best friends, rooting for each other's success.Take this as a lesson on how to read the market and what we can expect once things turn around. As ridiculously ugly it has become right now, it will eventually be a hyperbolic paradise on the other side. Both are dangerous and rarely last long; plan accordingly and never forget.Live stream today at 2 PM EST - https://www.youtube.com/watch?v=4oWIo04zoDEIn This Issue:Sentiment = Anger + DepressionBitcoin Thoughts And AnalysisAltcoin ChartsLiquidity And SFPsA Massive Drop In Bitcoin’s Difficulty Is On The WayIs Binance Banned In the UK?Jack Dorsey And Elon Musk Will Discuss BitcoinMy Recommended Platforms And Tools