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 $3600 worth. I really encourage you to check them out.INVESTOR ALERT: BITCOIN AND OTHER VIRTUAL CURRENCY-RELATED INVESTMENTSWhen this SEC investor alert was released in 2014, Bitcoin was trading at $440.59. Since this warning, the asset has appreciated roughly 145x. I wonder how many early investors that were on the fence about crypto were deterred by this report? What a shame.An agency designed to “protect investors” has done a great job at protecting them - from making life changing money. If you haven’t figured it out yet, you are on your own. The government does NOT have your best interests at heart.Interestingly, it is clear that the SEC actually had a decent understanding of Bitcoin, especially considering how early it was. Take a look at the excerpt below.“Bitcoin has been described as a decentralized, peer-to-peer virtual currency that is used like money – it can be exchanged for traditional currencies such as the U.S. dollar, or used to purchase goods or services, usually online. Unlike traditional currencies, Bitcoin operates without central authority or banks and is not backed by any government” - The SEC May 7th, 2014.The SEC has historically hired some of the brightest minds in finance - it is an agency chock-full of intelligent and talented people. Yet they somehow consistently continue to miss the mark. And this isn't just a phenomenon happening at regulatory agencies. There are plenty of incredibly intelligent commentators, investors and even leaders within crypto that have also lost sight of the forest through the trees. Some of the sharpest minds tend to be stuck in their old ways, holding on to bad habits and maintaining limiting viewpoints, preventing them from seeing the vast potential that this new space has to offer. Examples include (but are not limited to) one coin maximalists, vicious tribalists, and die-hard memecoiners. Sometimes the seemingly smartest person in the room is the one who is unwittingly leading newcomers right over the cliff. The noise has become nearly impossible to sift through and dismiss.What’s the solution?I would much rather be profitable than right. I’m more than willing to advocate for multiple winners, take calculated risk, and forgo perfection to increase my chances of making life-changing amounts of money. I believe that there is room for hundreds of good projects to thrive and that we can capture the upside from many of them. If you’re reading this, you probably invest with the same mentality. TLDR: Don’t listen to the SEC, don’t listen to whack jobs, don't lose sight of the forest through the trees and don’t get caught up in your ego. If you can manage to formulate your own views and ignore the noise, then you are mentally ahead of +95% of investors. Your portfolio will surely reflect your wisdom.In This Issue:Investor AlertBitcoin Thoughts And AnalysisAltcoinsLet's Talk About All-Time Highs (Blog)Marathon Is Raising DebtChina Flashes Another Buy SignalThe Wolf Of All Streets Podcast Ft. Charles CascarillaMy Recommended Platforms And ToolsIF YOU HAVE ANY ISSUE WITH THE NEWSLETTER OR YOUR SUBSCRIPTION, PLEASE CONTACT: PREMIUMSUPPORT@GETREVUE.CO
The Wolf Den #373 - Investor Alert
The Wolf Den #373 - Investor Alert
The Wolf Den #373 - Investor Alert
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 $3600 worth. I really encourage you to check them out.INVESTOR ALERT: BITCOIN AND OTHER VIRTUAL CURRENCY-RELATED INVESTMENTSWhen this SEC investor alert was released in 2014, Bitcoin was trading at $440.59. Since this warning, the asset has appreciated roughly 145x. I wonder how many early investors that were on the fence about crypto were deterred by this report? What a shame.An agency designed to “protect investors” has done a great job at protecting them - from making life changing money. If you haven’t figured it out yet, you are on your own. The government does NOT have your best interests at heart.Interestingly, it is clear that the SEC actually had a decent understanding of Bitcoin, especially considering how early it was. Take a look at the excerpt below.“Bitcoin has been described as a decentralized, peer-to-peer virtual currency that is used like money – it can be exchanged for traditional currencies such as the U.S. dollar, or used to purchase goods or services, usually online. Unlike traditional currencies, Bitcoin operates without central authority or banks and is not backed by any government” - The SEC May 7th, 2014.The SEC has historically hired some of the brightest minds in finance - it is an agency chock-full of intelligent and talented people. Yet they somehow consistently continue to miss the mark. And this isn't just a phenomenon happening at regulatory agencies. There are plenty of incredibly intelligent commentators, investors and even leaders within crypto that have also lost sight of the forest through the trees. Some of the sharpest minds tend to be stuck in their old ways, holding on to bad habits and maintaining limiting viewpoints, preventing them from seeing the vast potential that this new space has to offer. Examples include (but are not limited to) one coin maximalists, vicious tribalists, and die-hard memecoiners. Sometimes the seemingly smartest person in the room is the one who is unwittingly leading newcomers right over the cliff. The noise has become nearly impossible to sift through and dismiss.What’s the solution?I would much rather be profitable than right. I’m more than willing to advocate for multiple winners, take calculated risk, and forgo perfection to increase my chances of making life-changing amounts of money. I believe that there is room for hundreds of good projects to thrive and that we can capture the upside from many of them. If you’re reading this, you probably invest with the same mentality. TLDR: Don’t listen to the SEC, don’t listen to whack jobs, don't lose sight of the forest through the trees and don’t get caught up in your ego. If you can manage to formulate your own views and ignore the noise, then you are mentally ahead of +95% of investors. Your portfolio will surely reflect your wisdom.In This Issue:Investor AlertBitcoin Thoughts And AnalysisAltcoinsLet's Talk About All-Time Highs (Blog)Marathon Is Raising DebtChina Flashes Another Buy SignalThe Wolf Of All Streets Podcast Ft. Charles CascarillaMy Recommended Platforms And ToolsIF YOU HAVE ANY ISSUE WITH THE NEWSLETTER OR YOUR SUBSCRIPTION, PLEASE CONTACT: PREMIUMSUPPORT@GETREVUE.CO