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 - up to $2100 worth! I really encourage you to check them out.MicroStrategy bought $177,000,000 more in Bitcoin.This news gives us the opportunity to reflect on the simple fact that no entity, no matter how rich and powerful, is perfect. (The news section below covers the details of the recent MicroStrategy purchase.)MicroStrategy owns more Bitcoin than any other corporate giant and has executed the most trades to accumulate this stack. Michael Saylor has publicly bought Bitcoin around 15 times, with roughly half of the purchases dipping into a negative ROI at some point. Some of these trades were sitting in the red for a couple of weeks, while others remain in the red months later. Saylor has endless resources and advisors, yet he still failed to successfully time the market and maximize his potential returns. So why would Saylor continue to buy Bitcoin near all-time highs when he could have sold and bought back in a much lower range?The above perspective is an incredibly naive way to view trades and investments. It was never Saylor’s goal to time the bottom. He was merely adding to his portfolio as resources became available. His strategy revolves around dollar cost averaging, even if he is forced to average up. That is a sound investment strategy.Saylor is exemplifying true conviction by purchasing an asset he believes in at every available opportunity with a long time horizon. He is minimally concerned with cost basis, because he believes that owning more Bitcoin is what matters, regardless of the price paid. A good investor has the ability to set aside their ego, which ultimately results in more wealth. He does not care about public perception, but simply wants more Bitcoin.As traders and investors, we are no different than MicroStrategy. We are merely operating on a smaller scale. Hindsight is 20/20 and we can all look back with regret for “not buying earlier” or for poorly timed purchases. Things change. With time we may have access to more cash - MicroStrategy sold bonds to raise money. Our conviction may grow - Michael Saylor was initially dismissive of Bitcoin before taking the "orange pill."Don’t beat yourself up if you bought Bitcoin at the "wrong time" - we have the unique pleasure of watching the best of the best publicly buy-in at often sub-optimal times, proving that they too are not perfect. At the end of the day, we are all just human. And we all just want more Bitcoin.Chart Request Live Stream at 1:30 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=RYJimSpPQxYIf 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.IF YOU HAVE ANY ISSUE WITH THE NEWSLETTER OR YOUR SUBSCRIPTION, PLEASE CONTACT: PREMIUMSUPPORT@GETREVUE.COIn This Issue:MicroStrategy Is A MonsterOn-Chain Data Shows Bitcoin Accumulation - IntoTheBlockBitcoin Thoughts And AnalysisAltcoin ChartsMicroStrategy Buys More BitcoinDogecoin Is Saving DogsToday's VideoMy Recommended Platforms And Tools
The Wolf Den #315 - The MicroStrategy Monster
The Wolf Den #315 - The MicroStrategy Monster
The Wolf Den #315 - The MicroStrategy Monster
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 - up to $2100 worth! I really encourage you to check them out.MicroStrategy bought $177,000,000 more in Bitcoin.This news gives us the opportunity to reflect on the simple fact that no entity, no matter how rich and powerful, is perfect. (The news section below covers the details of the recent MicroStrategy purchase.)MicroStrategy owns more Bitcoin than any other corporate giant and has executed the most trades to accumulate this stack. Michael Saylor has publicly bought Bitcoin around 15 times, with roughly half of the purchases dipping into a negative ROI at some point. Some of these trades were sitting in the red for a couple of weeks, while others remain in the red months later. Saylor has endless resources and advisors, yet he still failed to successfully time the market and maximize his potential returns. So why would Saylor continue to buy Bitcoin near all-time highs when he could have sold and bought back in a much lower range?The above perspective is an incredibly naive way to view trades and investments. It was never Saylor’s goal to time the bottom. He was merely adding to his portfolio as resources became available. His strategy revolves around dollar cost averaging, even if he is forced to average up. That is a sound investment strategy.Saylor is exemplifying true conviction by purchasing an asset he believes in at every available opportunity with a long time horizon. He is minimally concerned with cost basis, because he believes that owning more Bitcoin is what matters, regardless of the price paid. A good investor has the ability to set aside their ego, which ultimately results in more wealth. He does not care about public perception, but simply wants more Bitcoin.As traders and investors, we are no different than MicroStrategy. We are merely operating on a smaller scale. Hindsight is 20/20 and we can all look back with regret for “not buying earlier” or for poorly timed purchases. Things change. With time we may have access to more cash - MicroStrategy sold bonds to raise money. Our conviction may grow - Michael Saylor was initially dismissive of Bitcoin before taking the "orange pill."Don’t beat yourself up if you bought Bitcoin at the "wrong time" - we have the unique pleasure of watching the best of the best publicly buy-in at often sub-optimal times, proving that they too are not perfect. At the end of the day, we are all just human. And we all just want more Bitcoin.Chart Request Live Stream at 1:30 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=RYJimSpPQxYIf 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.IF YOU HAVE ANY ISSUE WITH THE NEWSLETTER OR YOUR SUBSCRIPTION, PLEASE CONTACT: PREMIUMSUPPORT@GETREVUE.COIn This Issue:MicroStrategy Is A MonsterOn-Chain Data Shows Bitcoin Accumulation - IntoTheBlockBitcoin Thoughts And AnalysisAltcoin ChartsMicroStrategy Buys More BitcoinDogecoin Is Saving DogsToday's VideoMy Recommended Platforms And Tools