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.Teens are outperforming investors who have logged thousands of hours trying to understand the market.Billion-dollar wallets are surfacing from HODLing meme tokens. Literally.My "normie" acquaintances who were smart enough to cash out are buying homes on profits from trading dog coins.Shib is worth more than most banks.For those who missed it, a knock-off dog token, Shiba Inu, temporarily overthrew the original dog token, Doge.If this isn’t proof that LITERALLY anything can happen, then I don’t know what is. How do we made sense of this phenomenon? And is this a bad thing?Whether you are new here or are a seasoned investor, you are aware that emotions can run high when coin hype kicks in, and equally high when things turn around and despair begins to flourish. Fomo is a hell of a drug! When Doge first found its way into the top 10 cryptocurrencies, investors were in absolute shock. The community is in shock again, but nothing has changed - we just have a new asset doing the same old thing. Many here are probably banging their heads against the wall, dreaming of the millions that they could have made by simply buying and holding SHIB.We all can relate, but this mentality is nonsense.It’s ok if you “missed” a massive and irrational meme coin pump, just like it’s ok if you “missed” buying the winning lottery ticket. The odds of catching them and riding them are about equal.Comparing your portfolio to the best performing asset at all times is irrational and guaranteed to leave you rekt or depressed. Something is pumping in some market every day, which has absolutely nothing to do with you.This ain’t Pokémon, you don’t have to catch em all.And what is the most irrational part of regret and fomo in traders during one of these meme pumps? The assumption that even if they had bought the best performing asset, they would have traded it perfectly.Nonsense.If you had bought $1000 worth of Shib, you would have probably sold happily when you had $2000, knowing that you had hit the lottery on a scratch off ticket and that things could easily go the other way.Very few held, because there was no fundamental reason to. Those who did hold are equally likely to ride it to the bottom as well.What else can we learn from this silliness? The hype is alive and well in this market. It’s easy to forget that crypto is still very small. The global real estate market is worth over 10 trillion and the global equities market is over 100 trillion. The crypto market is currently around 2.5 trillion. For the time being, fomo can overpower fundamentals. As our market grows, fewer and fewer events like this will take place.I am not a huge fan of meme tokens stealing the spotlight, but that’s the hand we have been dealt and could be viewed as a net positive as it brings more retail into the fold. We all probably look insane to mainstream investors, but those of us who have been here understand that this is part of the game. This is familiar territory, and not just in crypto. There were plenty of ridiculous websites that exploded in value during the Dot-com bubble, only to go bankrupt about a year later. Pets.com is, ironically, the most famous example of this. The original dog meme!This is a marathon, not a sprint. There will always be lottery tickets, but few will manage to cash in. As disciplined investors who believe in the long term potential of crypto, we should have a plan and stick to it, come hell or high water. The next dog fad probably does not fit that plan.In This Issue:Stranger ThingsBitcoin Thoughts And AnalysisEl Salvador Is Buying The DipCream Finance Hacked - AgainEthereum Is DeflationaryEthereum Whales Are HungryThe Wolf Of All Streets Podcast Ft. David GriderMy Recommended Platforms And ToolsIF YOU HAVE ANY ISSUE WITH THE NEWSLETTER OR YOUR SUBSCRIPTION, PLEASE CONTACT: PREMIUMSUPPORT@GETREVUE.CO
The Wolf Den #360 - Stranger Things
The Wolf Den #360 - Stranger Things
The Wolf Den #360 - Stranger Things
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.Teens are outperforming investors who have logged thousands of hours trying to understand the market.Billion-dollar wallets are surfacing from HODLing meme tokens. Literally.My "normie" acquaintances who were smart enough to cash out are buying homes on profits from trading dog coins.Shib is worth more than most banks.For those who missed it, a knock-off dog token, Shiba Inu, temporarily overthrew the original dog token, Doge.If this isn’t proof that LITERALLY anything can happen, then I don’t know what is. How do we made sense of this phenomenon? And is this a bad thing?Whether you are new here or are a seasoned investor, you are aware that emotions can run high when coin hype kicks in, and equally high when things turn around and despair begins to flourish. Fomo is a hell of a drug! When Doge first found its way into the top 10 cryptocurrencies, investors were in absolute shock. The community is in shock again, but nothing has changed - we just have a new asset doing the same old thing. Many here are probably banging their heads against the wall, dreaming of the millions that they could have made by simply buying and holding SHIB.We all can relate, but this mentality is nonsense.It’s ok if you “missed” a massive and irrational meme coin pump, just like it’s ok if you “missed” buying the winning lottery ticket. The odds of catching them and riding them are about equal.Comparing your portfolio to the best performing asset at all times is irrational and guaranteed to leave you rekt or depressed. Something is pumping in some market every day, which has absolutely nothing to do with you.This ain’t Pokémon, you don’t have to catch em all.And what is the most irrational part of regret and fomo in traders during one of these meme pumps? The assumption that even if they had bought the best performing asset, they would have traded it perfectly.Nonsense.If you had bought $1000 worth of Shib, you would have probably sold happily when you had $2000, knowing that you had hit the lottery on a scratch off ticket and that things could easily go the other way.Very few held, because there was no fundamental reason to. Those who did hold are equally likely to ride it to the bottom as well.What else can we learn from this silliness? The hype is alive and well in this market. It’s easy to forget that crypto is still very small. The global real estate market is worth over 10 trillion and the global equities market is over 100 trillion. The crypto market is currently around 2.5 trillion. For the time being, fomo can overpower fundamentals. As our market grows, fewer and fewer events like this will take place.I am not a huge fan of meme tokens stealing the spotlight, but that’s the hand we have been dealt and could be viewed as a net positive as it brings more retail into the fold. We all probably look insane to mainstream investors, but those of us who have been here understand that this is part of the game. This is familiar territory, and not just in crypto. There were plenty of ridiculous websites that exploded in value during the Dot-com bubble, only to go bankrupt about a year later. Pets.com is, ironically, the most famous example of this. The original dog meme!This is a marathon, not a sprint. There will always be lottery tickets, but few will manage to cash in. As disciplined investors who believe in the long term potential of crypto, we should have a plan and stick to it, come hell or high water. The next dog fad probably does not fit that plan.In This Issue:Stranger ThingsBitcoin Thoughts And AnalysisEl Salvador Is Buying The DipCream Finance Hacked - AgainEthereum Is DeflationaryEthereum Whales Are HungryThe Wolf Of All Streets Podcast Ft. David GriderMy Recommended Platforms And ToolsIF YOU HAVE ANY ISSUE WITH THE NEWSLETTER OR YOUR SUBSCRIPTION, PLEASE CONTACT: PREMIUMSUPPORT@GETREVUE.CO