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 $1200 worth. I really encourage you to check them out.If you were early to crypto, you've likely heard someone describe your journey as “lucky.”“Oh, you are lucky for getting in early."“You were lucky to hear about Bitcoin back then.”“You just happened to be at the right place at the right time.”First, it is important to note that the ability to hold through years of FUD and volatility is anything but luck. Being there is one thing - still being here now is another. But that's not what this piece is about.Most investors that took the leap of faith before Bitcoin went mainstream in 2017 were fortunate, not lucky. There's a difference.Luck happens by random chance, like being repeatedly dealt a premium hand in poker, receiving an inheritance from an unknown relative, or finding a $100 bill on the ground. Fortune is similar to luck, but adds an element of control, and is the intentional creation of your own luck. “Chance favors the prepared mind.“ – Louis PasteurWhen it comes to investing, good fortune extends beyond luck. Let’s look at some examples. You may have been fortunate to avoid liquidation on a huge position, because a stop loss saved your trade, fortunate to have learned a hard lesson sooner than later, or fortunate to have had curiosity lead you to digital currencies before they went mainstream. In each of these hypotheticals, the fortunate person put themselves in a position to succeed. “I’m a great believer in luck, and I find the harder I work, the more I have of it.“– Thomas JeffersonYou cannot find a billionaire who attributes their wealth solely to luck. On the other hand, finding a billionaire who believes they are fortunate is an easy task.To make it as an investor, counting on luck is a strategy that guarantees failure, but you can count on good fortune. This means that you are spending your time seeking the right teachers, placing bets appropriately, and always learning from your mistakes. An investor who places themself in a situation to allow for good fortune is far more likely to strike it big.If you are reading this letter, you are probably at least subconsciously aware of this distinction. We have all experienced good fortune - we are here, after all. Don't sell yourself short and call yourself lucky - you are fortunate and deserve all of the blessings that crypto will bring you.In This Issue:Lucky Vs. FortunateBitcoin Thoughts And AnalysisAltcoin ChartsTechnical Analysis Vs. Fundamental AnalysisSatoshi Nakamoto Will Be The World's Richest ManBig News For Elrond HoldersMy Recommended Platforms And ToolsIF YOU HAVE ANY ISSUE WITH THE NEWSLETTER OR YOUR SUBSCRIPTION, PLEASE CONTACT: PREMIUMSUPPORT@GETREVUE.CO
The Wolf Den #357 - Lucky Vs. Fortunate
The Wolf Den #357 - Lucky Vs. Fortunate
The Wolf Den #357 - Lucky Vs. Fortunate
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 $1200 worth. I really encourage you to check them out.If you were early to crypto, you've likely heard someone describe your journey as “lucky.”“Oh, you are lucky for getting in early."“You were lucky to hear about Bitcoin back then.”“You just happened to be at the right place at the right time.”First, it is important to note that the ability to hold through years of FUD and volatility is anything but luck. Being there is one thing - still being here now is another. But that's not what this piece is about.Most investors that took the leap of faith before Bitcoin went mainstream in 2017 were fortunate, not lucky. There's a difference.Luck happens by random chance, like being repeatedly dealt a premium hand in poker, receiving an inheritance from an unknown relative, or finding a $100 bill on the ground. Fortune is similar to luck, but adds an element of control, and is the intentional creation of your own luck. “Chance favors the prepared mind.“ – Louis PasteurWhen it comes to investing, good fortune extends beyond luck. Let’s look at some examples. You may have been fortunate to avoid liquidation on a huge position, because a stop loss saved your trade, fortunate to have learned a hard lesson sooner than later, or fortunate to have had curiosity lead you to digital currencies before they went mainstream. In each of these hypotheticals, the fortunate person put themselves in a position to succeed. “I’m a great believer in luck, and I find the harder I work, the more I have of it.“– Thomas JeffersonYou cannot find a billionaire who attributes their wealth solely to luck. On the other hand, finding a billionaire who believes they are fortunate is an easy task.To make it as an investor, counting on luck is a strategy that guarantees failure, but you can count on good fortune. This means that you are spending your time seeking the right teachers, placing bets appropriately, and always learning from your mistakes. An investor who places themself in a situation to allow for good fortune is far more likely to strike it big.If you are reading this letter, you are probably at least subconsciously aware of this distinction. We have all experienced good fortune - we are here, after all. Don't sell yourself short and call yourself lucky - you are fortunate and deserve all of the blessings that crypto will bring you.In This Issue:Lucky Vs. FortunateBitcoin Thoughts And AnalysisAltcoin ChartsTechnical Analysis Vs. Fundamental AnalysisSatoshi Nakamoto Will Be The World's Richest ManBig News For Elrond HoldersMy Recommended Platforms And ToolsIF YOU HAVE ANY ISSUE WITH THE NEWSLETTER OR YOUR SUBSCRIPTION, PLEASE CONTACT: PREMIUMSUPPORT@GETREVUE.CO