The Wolf Den #442 - Making Sense Of Bitcoin And Russia
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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. The media has shifted their focus almost entirely from Canada to Russia, with the news of impending war dominating headlines. Bad news sells and FUD is quickly ramping up, as doomsdayers are already calling the current conflict the beginning of World War III. By no means am I a foreign policy expert, and I do not have meaningful knowledge of Russia-Ukraine geopolitics. After all, I studied archaeology in college. That being said, I have done quite a bit of research of late and I think a simple breakdown could be helpful to share. Let’s dive in.The idea of WW3 has dominated headlines since the end of WW2. It’s a narrative that never goes away. Most recently, in January of 2020, Trump authorized an airstrike on a prominent Iranian general that convinced the world that WW3 was beginning. If you know a little bit about conflicts, you may also know that China has been threatening Taiwan, North Korea has been threatening South Korea, and nearly every country in the Middle East is at odds with Israel. Conflicts, threats, and invasions are an unfortunate part of life on Earth. Some turn into ongoing smaller battles, but none since 1945 have turned into a much larger scale war. The media knows that war sells. So sell they do, causing global markets to temporarily go haywire.Historically, markets react negatively to the breakout of a war or conflict, mainly because "markets hate uncertainty." And if stocks react poorly to the news, we know that crypto could fall temporarily as well. As we have seen over the past few years, when markets go aggressively risk off, Bitcoin tends to fall first and furthest. Once the world has overreacted to the news and absorbed it, do you know what the result is?Incredible buying opportunities. Once investors realize that our downfall has been greatly over exaggerated, WW3 will look less like violence and more like an overused narrative turned buying opportunity. Sentiment shifts to risk-on as value stocks are deep in discount territory and everything else looks like a steal. To be clear, I am not saying there won’t be conflict, there have been plenty of small-scale wars over the years, and this is certainly a serious situation. But experienced investors know that markets tend to behave predictably when these narratives unravel. In no way should you attempt to trade your way through these macro events. Stick to your plan and you will be just fine. If you are good at longing local bottoms, take what is given. If you prefer dollar-cost averaging every week, do that. If you want to double down if the market nukes, then sit tight and your chance may come. Don’t get fancy and don’t get caught up in the fear. If you stick to what you know and ignore the headlines, you'll do great. Once the FUD passes, Bitcoin will continue its journey to $100K, so just hold tight.Chart Request Live Stream at 1:30 PM EST. Please follow the rules. I cannot take requests at any other time, so if you send them during a different window they may not get charted. Remember, no more email requests.1 chart per person, per weekSubmit your request between now and 12:30 PM EST.You can only submit your request through the link below.If it is not on TradingView, there is a chance I will not able to chart it.REMINDER: I can only do so many charts on the livestream. My assistant picks 25 random requests from everyone’s submissions and those are the coins I chart.Chart Request FormIf you are a new member, please refer to THIS BLOG for instructions on how to make my charts your own.In This Issue:Making Sense Of Bitcoin And RussiaEthereum HODLERS Accumulating And Bitcoin Illiquid Supply - IntoTheBlockBitcoin Thoughts And AnalysisAltcoin ChartsTether Updates Its Reserves30% Of The Bitcoin Supply Is In The RedBrazil Proposes Crypto RegulationMy Recommended Platforms And ToolsIF YOU HAVE ANY ISSUE WITH THE NEWSLETTER OR YOUR SUBSCRIPTION, PLEASE CONTACT: PREMIUMSUPPORT@GETREVUE.CO
The Wolf Den #442 - Making Sense Of Bitcoin And Russia
The Wolf Den #442 - Making Sense Of Bitcoin…
The Wolf Den #442 - Making Sense Of Bitcoin And Russia
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. The media has shifted their focus almost entirely from Canada to Russia, with the news of impending war dominating headlines. Bad news sells and FUD is quickly ramping up, as doomsdayers are already calling the current conflict the beginning of World War III. By no means am I a foreign policy expert, and I do not have meaningful knowledge of Russia-Ukraine geopolitics. After all, I studied archaeology in college. That being said, I have done quite a bit of research of late and I think a simple breakdown could be helpful to share. Let’s dive in.The idea of WW3 has dominated headlines since the end of WW2. It’s a narrative that never goes away. Most recently, in January of 2020, Trump authorized an airstrike on a prominent Iranian general that convinced the world that WW3 was beginning. If you know a little bit about conflicts, you may also know that China has been threatening Taiwan, North Korea has been threatening South Korea, and nearly every country in the Middle East is at odds with Israel. Conflicts, threats, and invasions are an unfortunate part of life on Earth. Some turn into ongoing smaller battles, but none since 1945 have turned into a much larger scale war. The media knows that war sells. So sell they do, causing global markets to temporarily go haywire.Historically, markets react negatively to the breakout of a war or conflict, mainly because "markets hate uncertainty." And if stocks react poorly to the news, we know that crypto could fall temporarily as well. As we have seen over the past few years, when markets go aggressively risk off, Bitcoin tends to fall first and furthest. Once the world has overreacted to the news and absorbed it, do you know what the result is?Incredible buying opportunities. Once investors realize that our downfall has been greatly over exaggerated, WW3 will look less like violence and more like an overused narrative turned buying opportunity. Sentiment shifts to risk-on as value stocks are deep in discount territory and everything else looks like a steal. To be clear, I am not saying there won’t be conflict, there have been plenty of small-scale wars over the years, and this is certainly a serious situation. But experienced investors know that markets tend to behave predictably when these narratives unravel. In no way should you attempt to trade your way through these macro events. Stick to your plan and you will be just fine. If you are good at longing local bottoms, take what is given. If you prefer dollar-cost averaging every week, do that. If you want to double down if the market nukes, then sit tight and your chance may come. Don’t get fancy and don’t get caught up in the fear. If you stick to what you know and ignore the headlines, you'll do great. Once the FUD passes, Bitcoin will continue its journey to $100K, so just hold tight.Chart Request Live Stream at 1:30 PM EST. Please follow the rules. I cannot take requests at any other time, so if you send them during a different window they may not get charted. Remember, no more email requests.1 chart per person, per weekSubmit your request between now and 12:30 PM EST.You can only submit your request through the link below.If it is not on TradingView, there is a chance I will not able to chart it.REMINDER: I can only do so many charts on the livestream. My assistant picks 25 random requests from everyone’s submissions and those are the coins I chart.Chart Request FormIf you are a new member, please refer to THIS BLOG for instructions on how to make my charts your own.In This Issue:Making Sense Of Bitcoin And RussiaEthereum HODLERS Accumulating And Bitcoin Illiquid Supply - IntoTheBlockBitcoin Thoughts And AnalysisAltcoin ChartsTether Updates Its Reserves30% Of The Bitcoin Supply Is In The RedBrazil Proposes Crypto RegulationMy Recommended Platforms And ToolsIF YOU HAVE ANY ISSUE WITH THE NEWSLETTER OR YOUR SUBSCRIPTION, PLEASE CONTACT: PREMIUMSUPPORT@GETREVUE.CO