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.COWhen gold corrects, we hear economists talking about a “healthy correction,” that gold has been around since the beginning of humanity and is a great store of value, regardless of price. When stocks drop, Wall Street screams to buy the dip, it’s just normal price action and that price will inevitably rise again.They are all correct.When Bitcoin drops, we hear that “it’s a scam,” “it is going to zero,” it has no value besides speculation,“ and… I TOLD YOU SO!There’s nothing more frustrating than an I told you so from someone who has been doubting Bitcoin since the beginning, every single time it corrects a few percentage points (Peter Schiff?). Bitcoin could be $50,000, but if it dropped 10%, the haters would be out in droves using the small drop as evidence that they were "right,” even if Bitcoin was up 10,000%.Screw them.Bitcoin is no different than any of these other markets at the most basic level. It is an asset that has risen in price over time with healthy corrections. It has done that better than any other asset in history! No asset has performed better since Bitcoin was conceived, so the negativity and doubt are purely emotional and are misplaced.And we haven’t even talked about its fundamental value. We can leave that for another day (or just read any of a number of newsletters from the past).Ignore the naysayers, the emotional haters who just want to finally be right, and the skeptics who claim that Bitcoin has no value. They are wrong.This market will correct like any other. When it is done correcting, it is likely to continue to soar to new heights, as it always has.Chart Request Live Stream at 2 PM EST. Please follow the rules. I cannot take requests at any other time, so if you send them during a different window they may not get charted. Remember, no more email requests.1 chart per person, per weekSubmit your request between now and 1 PM EST.You can only submit your request through the link below.If it is not on TradingView, there is a chance I will not able to chart it.I can not guarantee I will do your chart, I will do my best.Chart Request FormStream link: https://www.youtube.com/watch?v=A4Y-CFzwaqUIf you are a new member, please refer to Issue 236 (you can click on it here - https://www.getrevue.co/profile/TheWolfDen/issues/the-wolf-den-236-think-like-a-whale-592727) for instructions on how to make my charts your own.Healthy CorrectionsBitcoin Buying Appetite Is Slowing - IntoTheBlockBitcoin Thoughts And AnalysisInstitutions Are Jumping Into The Mining SpaceFBI Targeting HackersCoinbase Launching App Store And Yield ProductMy Recommended Platforms And Tools
The Wolf Den #275 - Healthy Corrections
The Wolf Den #275 - Healthy Corrections
The Wolf Den #275 - Healthy Corrections
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.COWhen gold corrects, we hear economists talking about a “healthy correction,” that gold has been around since the beginning of humanity and is a great store of value, regardless of price. When stocks drop, Wall Street screams to buy the dip, it’s just normal price action and that price will inevitably rise again.They are all correct.When Bitcoin drops, we hear that “it’s a scam,” “it is going to zero,” it has no value besides speculation,“ and… I TOLD YOU SO!There’s nothing more frustrating than an I told you so from someone who has been doubting Bitcoin since the beginning, every single time it corrects a few percentage points (Peter Schiff?). Bitcoin could be $50,000, but if it dropped 10%, the haters would be out in droves using the small drop as evidence that they were "right,” even if Bitcoin was up 10,000%.Screw them.Bitcoin is no different than any of these other markets at the most basic level. It is an asset that has risen in price over time with healthy corrections. It has done that better than any other asset in history! No asset has performed better since Bitcoin was conceived, so the negativity and doubt are purely emotional and are misplaced.And we haven’t even talked about its fundamental value. We can leave that for another day (or just read any of a number of newsletters from the past).Ignore the naysayers, the emotional haters who just want to finally be right, and the skeptics who claim that Bitcoin has no value. They are wrong.This market will correct like any other. When it is done correcting, it is likely to continue to soar to new heights, as it always has.Chart Request Live Stream at 2 PM EST. Please follow the rules. I cannot take requests at any other time, so if you send them during a different window they may not get charted. Remember, no more email requests.1 chart per person, per weekSubmit your request between now and 1 PM EST.You can only submit your request through the link below.If it is not on TradingView, there is a chance I will not able to chart it.I can not guarantee I will do your chart, I will do my best.Chart Request FormStream link: https://www.youtube.com/watch?v=A4Y-CFzwaqUIf you are a new member, please refer to Issue 236 (you can click on it here - https://www.getrevue.co/profile/TheWolfDen/issues/the-wolf-den-236-think-like-a-whale-592727) for instructions on how to make my charts your own.Healthy CorrectionsBitcoin Buying Appetite Is Slowing - IntoTheBlockBitcoin Thoughts And AnalysisInstitutions Are Jumping Into The Mining SpaceFBI Targeting HackersCoinbase Launching App Store And Yield ProductMy Recommended Platforms And Tools