He basically says that with the increasing crypto market size, futures, shorts etc it's become too difficult to accurately prognosticate using on-chain analysis. Anecdotally this fits in with pretty much all of the on-chain analysis I see on twitter where almost everything = bullish, outside of the obvious whale movements onto exchanges just before flash crashes.
Pretty impressive that he's willing to walk away from so much fiat, even if it means effectively putting out a weekly horoscope.
I'm proud of the man,
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Thanks for sharing this! I subbed for a few months to Willy, but recently dropped it. I'm back in school and, more importantly, I'm in it for the long haul! My logic = only sell when you need to, other than that just hodl. Appreciate all of the work that he's put out though!
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sounds like it might have been more predictive in prior years before more sophisticated financial products came to the market with more money to be made manipulating the price. seems like a generally principled guy though to not just continue the newsletter given the money and fame it brought him.
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