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 do not trade Bitcoin based on narratives and news events. I do not believe that the market is "manipulated."Narratives are all cut from the same cloth - conjecture, speculation, and hopium. They never run out and always come back.Narratives in the crypto space are like miracles in religion - they give people a reason to justify things that they cannot explain. They need a story to give them an excuse for their losses, or to make them feel brilliant if the price goes their way.We have all seen it - everyone screams MANIPULATION! when they lose money. This generally happens when they are on the wrong side of a significant move. There has to be a reason, be it a whale selling to cover margin calls in the stock market, Chinese New Year, Wall Street bonuses, selling to cover taxes, China banning crypto or bitcoin-loving unicorns flying in from India to steal our coins.People always seem to need answers for why things happen.The simple fact is, you losing money does not mean that a force is conspiring against you. It just means you lost. You don’t need an outside explanation - you just need an idea for the next trade.Blaming outside forces for your losses is just your inability to accept that a loss is your fault. You are personally accountable for your losses. You should understand the risks of trading in any market that you choose to participate in. If you need a narrative, then you are likely too emotional or unstable to be an effective trader.Bitcoin is a free market. There’s a buy order for every sell order. Large players moving the market with their orders is not manipulation - it is a key facet of the free market. They just happen to have more money than the rest of us. It’s your job to do what they do and not be their prey. It’s that simple.Bottom line - if you think the market is manipulated, don’t put your money in it. If you need a narrative to explain why price does what it does, you may not be cut out for this.Take what the market gives, accept your fate, claim responsibility for the outcome, and move on to the next opportunity.In This Issue:Is The Market Manipulated?Bitcoin Thoughts And AnalysisAltcoin ChartsLegacy MarketsWhy Are NFTs So Volatile?Solana Is StrugglingBiden Is Planning A Crypto Executive OrderThe Wolf Of All Streets Podcast Ft. President Of Palau, Surangel Whipps Jr.My Recommended Platforms And ToolsIF YOU HAVE ANY ISSUE WITH THE NEWSLETTER OR YOUR SUBSCRIPTION, PLEASE CONTACT: PREMIUMSUPPORT@GETREVUE.CO
The Wolf Den #421 - Is The Market Manipulated?
The Wolf Den #421 - Is The Market…
The Wolf Den #421 - Is The Market Manipulated?
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 do not trade Bitcoin based on narratives and news events. I do not believe that the market is "manipulated."Narratives are all cut from the same cloth - conjecture, speculation, and hopium. They never run out and always come back.Narratives in the crypto space are like miracles in religion - they give people a reason to justify things that they cannot explain. They need a story to give them an excuse for their losses, or to make them feel brilliant if the price goes their way.We have all seen it - everyone screams MANIPULATION! when they lose money. This generally happens when they are on the wrong side of a significant move. There has to be a reason, be it a whale selling to cover margin calls in the stock market, Chinese New Year, Wall Street bonuses, selling to cover taxes, China banning crypto or bitcoin-loving unicorns flying in from India to steal our coins.People always seem to need answers for why things happen.The simple fact is, you losing money does not mean that a force is conspiring against you. It just means you lost. You don’t need an outside explanation - you just need an idea for the next trade.Blaming outside forces for your losses is just your inability to accept that a loss is your fault. You are personally accountable for your losses. You should understand the risks of trading in any market that you choose to participate in. If you need a narrative, then you are likely too emotional or unstable to be an effective trader.Bitcoin is a free market. There’s a buy order for every sell order. Large players moving the market with their orders is not manipulation - it is a key facet of the free market. They just happen to have more money than the rest of us. It’s your job to do what they do and not be their prey. It’s that simple.Bottom line - if you think the market is manipulated, don’t put your money in it. If you need a narrative to explain why price does what it does, you may not be cut out for this.Take what the market gives, accept your fate, claim responsibility for the outcome, and move on to the next opportunity.In This Issue:Is The Market Manipulated?Bitcoin Thoughts And AnalysisAltcoin ChartsLegacy MarketsWhy Are NFTs So Volatile?Solana Is StrugglingBiden Is Planning A Crypto Executive OrderThe Wolf Of All Streets Podcast Ft. President Of Palau, Surangel Whipps Jr.My Recommended Platforms And ToolsIF YOU HAVE ANY ISSUE WITH THE NEWSLETTER OR YOUR SUBSCRIPTION, PLEASE CONTACT: PREMIUMSUPPORT@GETREVUE.CO