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. PHEMEX is also celebrating their two year anniversary by sharing 2 BTC with 10 lucky winners to help them realize their dreams: https://anniversary.phemex.com/#dream-sectionIn the past year, global markets, and crypto markets in particular, were threatened by a number of events deemed "catastrophic" that never unfolded as advertised. GameStop gamma squeezes, China’s mining ban, WW3, negative oil prices, Covid variants, Evergrande, inflation. Each of these anomalies made headlines, accompanied by the popular bearish descriptors - “nightmare, crash, bubble, fear, doom, and panic.” Like a broken record, financial doomsday was presented to us and averted repeatedly.The crypto market survived all of these potential calamities, yet it feels shakier than ever before. It’s as if we are in the Twilight Zone. Everything is seemingly fine, yet nothing is going our way. There are plenty of peripheral reasons we can point to in order to explain our current condition, but it feels like the Boogeyman has grabbed a hold of our market. It could be worse - we could have a financial doomsday story hung over our heads, but we don’t. We are in limbo, with price floating down.Regardless of our current condition, long-term investors only need to answer one simple question: is crypto here to stay in a meaningful way?If the answer is “yes,” then the present doesn’t really matter - things will eventually turn around and this will be a dip worth buying. I am not denying the ramifications of the FED cutting back on stimulus. Nor do I deny the impact of the market shedding nearly $1T since Bitcoin’s descent. But my long-term investing outlook remains the same. Losing money is always hard, but the market will recover. It always does.No pain, no gain.Or.Know pain, know gain.Markets are designed to test your patience. “The stock market is a device to transfer money from the impatient to the patient.” - Warren BuffettExperienced players with deep pockets salivate when the masses become fearful. This is when they make their fortune - buying coins and assets from panicky retail with a short timeline and a lack of patience.If you believe that crypto is here to stay, then make that your mantra, regardless of the price action today, tomorrow, next month, or next year. Nobody can take that belief away from you. As long as you find balance in maintaining your conviction and acceptance of new ideas, everything else will work itself out. Crypto isn’t going anywhere.In This Issue:Is This Downturn Different?Bitcoin Thoughts And AnalysisThe Federal Reserve And BitcoinRaoul Pal Predicts Unprecedented GrowthPayPal May Launch A StablecoinCZ Is Worth $96M - Not Counting His Crypto!Bill Miller Has Half Of His Net Worth In BitcoinMy Recommended Platforms And ToolsIF YOU HAVE ANY ISSUE WITH THE NEWSLETTER OR YOUR SUBSCRIPTION, PLEASE CONTACT: PREMIUMSUPPORT@GETREVUE.CO
The Wolf Den #410 - Is This Downturn Different?
The Wolf Den #410 - Is This Downturn…
The Wolf Den #410 - Is This Downturn Different?
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. PHEMEX is also celebrating their two year anniversary by sharing 2 BTC with 10 lucky winners to help them realize their dreams: https://anniversary.phemex.com/#dream-sectionIn the past year, global markets, and crypto markets in particular, were threatened by a number of events deemed "catastrophic" that never unfolded as advertised. GameStop gamma squeezes, China’s mining ban, WW3, negative oil prices, Covid variants, Evergrande, inflation. Each of these anomalies made headlines, accompanied by the popular bearish descriptors - “nightmare, crash, bubble, fear, doom, and panic.” Like a broken record, financial doomsday was presented to us and averted repeatedly.The crypto market survived all of these potential calamities, yet it feels shakier than ever before. It’s as if we are in the Twilight Zone. Everything is seemingly fine, yet nothing is going our way. There are plenty of peripheral reasons we can point to in order to explain our current condition, but it feels like the Boogeyman has grabbed a hold of our market. It could be worse - we could have a financial doomsday story hung over our heads, but we don’t. We are in limbo, with price floating down.Regardless of our current condition, long-term investors only need to answer one simple question: is crypto here to stay in a meaningful way?If the answer is “yes,” then the present doesn’t really matter - things will eventually turn around and this will be a dip worth buying. I am not denying the ramifications of the FED cutting back on stimulus. Nor do I deny the impact of the market shedding nearly $1T since Bitcoin’s descent. But my long-term investing outlook remains the same. Losing money is always hard, but the market will recover. It always does.No pain, no gain.Or.Know pain, know gain.Markets are designed to test your patience. “The stock market is a device to transfer money from the impatient to the patient.” - Warren BuffettExperienced players with deep pockets salivate when the masses become fearful. This is when they make their fortune - buying coins and assets from panicky retail with a short timeline and a lack of patience.If you believe that crypto is here to stay, then make that your mantra, regardless of the price action today, tomorrow, next month, or next year. Nobody can take that belief away from you. As long as you find balance in maintaining your conviction and acceptance of new ideas, everything else will work itself out. Crypto isn’t going anywhere.In This Issue:Is This Downturn Different?Bitcoin Thoughts And AnalysisThe Federal Reserve And BitcoinRaoul Pal Predicts Unprecedented GrowthPayPal May Launch A StablecoinCZ Is Worth $96M - Not Counting His Crypto!Bill Miller Has Half Of His Net Worth In BitcoinMy Recommended Platforms And ToolsIF YOU HAVE ANY ISSUE WITH THE NEWSLETTER OR YOUR SUBSCRIPTION, PLEASE CONTACT: PREMIUMSUPPORT@GETREVUE.CO