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. Traders and investors tend to obsess over arbitrary events that "need" to happen in order for them to buy Bitcoin. The most common of these ideas usually sound something like this:“When Bitcoin drops to the generational bottom I’ll go all-in.”“When Bitcoin returns to an all-time high, I’ll know it’s here to stay.”“When Bitcoin crosses this level I will…”“When Bitcoin is regulated I will…”As profitable as these ideas may theoretically turn out to be, chasing fairytales is a fool's errand. Notably, the people with these thoughts are usually believers in the long term potential of the asset. They want to own Bitcoin. They are looking for the perfect entry to present itself, assuming they will be lucky enough to catch it. Unfortunately, the idea and execution rarely line up and they end up missing the boat or buying the top.Humans want to be right. Couple the psychological need to find the perfect entry with the dreams of Lambos and riches being sold on Instagram and YouTube, and you have a recipe for disaster.My advice to you is this: learn to love the volatility. Buy the assets you believe in steadily, regardless of price action. This strategy may not make you a god tier trader, and you may not be able to flex your perfect trade on twitter, but you will be far ahead of the herd and will make meaningful money over time.There’s absolutely nothing wrong with waiting for a solid entry as part of your strategy - improving your cost basis as an investor is wise, and this is a must as a trader! But obsessing over this idea from the sidelines, with no skin in the game is a way to miss our entirely. Or worse, you FOMO in at the dead top.Don’t be that guy.The best investors enjoy buying Bitcoin at any price level, regardless of narrative, and at any point in time. They know that in the long run they will win. This idea is especially important now when financial doomsdayers are starting to gain popularity again. If the Fed botches inflation measures I’ll buy. If the Fed finds a soft landing, I’ll also buy.It’s that simple.In This Issue:Learn To Love VolatilityBitcoin Thoughts And AnalysisAltcoin ChartsCanada Is Targeting CryptocurrenciesCoinbase Becomes A Meme AgainStablecoin Bill ProposedThe Wolf Of All Streets Podcast Ft. Sven HenrichMy Recommended Platforms And ToolsIF YOU HAVE ANY ISSUE WITH THE NEWSLETTER OR YOUR SUBSCRIPTION, PLEASE CONTACT: PREMIUMSUPPORT@GETREVUE.CO
The Wolf Den #436 - Learn To Love Volatility
The Wolf Den #436 - Learn To Love Volatility
The Wolf Den #436 - Learn To Love Volatility
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. Traders and investors tend to obsess over arbitrary events that "need" to happen in order for them to buy Bitcoin. The most common of these ideas usually sound something like this:“When Bitcoin drops to the generational bottom I’ll go all-in.”“When Bitcoin returns to an all-time high, I’ll know it’s here to stay.”“When Bitcoin crosses this level I will…”“When Bitcoin is regulated I will…”As profitable as these ideas may theoretically turn out to be, chasing fairytales is a fool's errand. Notably, the people with these thoughts are usually believers in the long term potential of the asset. They want to own Bitcoin. They are looking for the perfect entry to present itself, assuming they will be lucky enough to catch it. Unfortunately, the idea and execution rarely line up and they end up missing the boat or buying the top.Humans want to be right. Couple the psychological need to find the perfect entry with the dreams of Lambos and riches being sold on Instagram and YouTube, and you have a recipe for disaster.My advice to you is this: learn to love the volatility. Buy the assets you believe in steadily, regardless of price action. This strategy may not make you a god tier trader, and you may not be able to flex your perfect trade on twitter, but you will be far ahead of the herd and will make meaningful money over time.There’s absolutely nothing wrong with waiting for a solid entry as part of your strategy - improving your cost basis as an investor is wise, and this is a must as a trader! But obsessing over this idea from the sidelines, with no skin in the game is a way to miss our entirely. Or worse, you FOMO in at the dead top.Don’t be that guy.The best investors enjoy buying Bitcoin at any price level, regardless of narrative, and at any point in time. They know that in the long run they will win. This idea is especially important now when financial doomsdayers are starting to gain popularity again. If the Fed botches inflation measures I’ll buy. If the Fed finds a soft landing, I’ll also buy.It’s that simple.In This Issue:Learn To Love VolatilityBitcoin Thoughts And AnalysisAltcoin ChartsCanada Is Targeting CryptocurrenciesCoinbase Becomes A Meme AgainStablecoin Bill ProposedThe Wolf Of All Streets Podcast Ft. Sven HenrichMy Recommended Platforms And ToolsIF YOU HAVE ANY ISSUE WITH THE NEWSLETTER OR YOUR SUBSCRIPTION, PLEASE CONTACT: PREMIUMSUPPORT@GETREVUE.CO