INTERVIEW WITH: SATOSHI WOLF
By Teddy Cleps
Let’s catch up with one of the coolest guys in the Crypto Space: Satoshi Wolf. As ambitious and passionate as he is, he made his dreams in the business world come true and since a few years a new passion has grown: Trading and Researching Cryptocurrencies. Straight from the Business world to Crypto, Satoshi Wolf will take you on a journey and show you how he became successful and is achieving more in life by being fully active in one of the most thrilling markets of the decade that we call Crypto.
Tell me a little bit about you, who is Satoshi Wolf?
Hmm, who is Satoshi Wolf? Well, I am an Australian with a slight twist. I spent 6 years as a kid living in developing Asian countries which gave me an appetite for travelling and risk. In my early 20s I packed whatever I could into a suitcase and headed to The Philippines with dreams of building an empire. I grinded day in and day out which opened doors for me to enter a fast paced, high risk industry.
I spent my mid to late 20s travelling the world in luxury while working every waking minute to support my lifestyle and feed my hunger of wanting to build this empire I had painted in my mind.
I always wanted more. Fast forward to January this year, after months of negotiating I sold my share in the company to my business partners allowing me to go into Crypto full-time. To be honest the main catalyst for moving on was I was burnt out. Years of working ridiculous hours, missing birthdays, christmas’ and other milestone events in the lives of the people I cared about began to take its toll on me. I was free to do whatever I want, I just didn’t have freedom. Currently I am back living in Melbourne working on a few projects and trading Crypto. Adjusting to a slower pace has been a bit of a challenge but all worth it as I am now able to be a part of my loved ones lives again.
When did you first hear about Crypto? And why did you get involved?
I first heard about Bitcoin at the start of 2010. I had just moved from Australia to the Philippines and started working with a new company while looking to build some passive income on the side. I spent a lot of my time in marketing forums trying different things. It was there that I first came across the Bitcoin Whitepaper. That is where it ended unfortunately.
Fast forward to 2014 I was using Bitcoin to make purchases online. It wasn’t until 2016 where I realised Bitcoin was not an untraceable currency, as most people thought, so I discovered Monero. After purchasing a stack of XMR I went about my business and forgot about it. In Sept 2016 I happened to see that XMR had jumped to $12. I couldn’t believe my eyes! Something that I purchased at $0.50 a piece was now worth $12!
My brain went into overdrive. Despite having built a successful life in the world of business I saw trading Cryptocurrency as a way to multiply my success while enjoying every minute of it. I mean let’s be real, who doesn’t like watching their wealth grow right in front of their eyes! From that moment I was hooked.
What hobbies do you have outside of Crypto, charting and trading?
There is a world outside of Crypto?! Jokes aside, scuba diving would have to be my favorite activity in the world. No matter what you are going through in life the moment to get into the water only one thing matters, you are breathing. To be surrounded by such beauty while putting your life in the hands of nature is truly a humbling experience.
When I am on the surface I enjoy great food and drinks over an interesting conversation.
What motivated you to join “Crypto Twitter” and to eventually share your charts?
I always seek like minded people and somehow during that search I stumbled on Crypto Twitter. It started as a place for me to learn and enter into discussions with people who knew far more than me about Crypto and trading in general. If I saw someone post a chart with an indicator I hadn’t seen before I would spend all night reading about it, back testing it and then trying to apply it to future trades. I started posting charts and ideas which lead to followers which lead to me posting more charts and ideas. It was such a great feeling to be learning alongside a community of hungry risk takers. It consumed my every waking minute and occasionally, my dreams.
Did you ever have a job within the finance/trading world? Or did Crypto introduced you to candles?
I never held a role in the world of finance. Crypto was my introduction to charts, technical and fundamental analysis. I did however bring some transferable skills from my career which included risk management on a macro level, structured learning processes, ability to source information and the drive to stay focused even when things didn’t go my way.
Did Crypto have a big impact on your day to day life? Or is it a late night hobby?
Huge impact! At the time when I decided trading was the way forward I was a partner in a seed capital company which had multiple successful business in its portfolio. We handled all aspects of these companies including the day to day operations which had me working 15 hour days, 7 days a week. That is not an exaggerated claim. So at the time I spent every spare minute submerged in Crypto which worked out to be around 3 hours a day.
Do you spend a lot of time charting/researching daily? What are your favorite educational resources?
I spend the good part of 4 hours a day researching and charting. I like to keep my mind active and even though I may not be trading as actively due to market conditions I still like to watch key projects along with macro views on the Cryptocurrency markets.
Favourite resources would have to be the basics:
From the above I would then dive into Github, Bitcoin Talk, Discord, Telegram, Reddit and whatever other resources I can find.
I have also recently started using 3Commas which has helped me secure better entries and exits utilizing some features they have such as trailing buy and sells.
What are your favourite indicators/tools that you use to confirm your analysis?
I don’t really have a die hard indicator or tool as I find it’s slightly seasonal depending on what the masses are raving on about at the time and using it to trade against the majority. I do however always use the Volume Profile Indicator and Volume which help build a foundation for my analysis and find entries and exits.
What was the most valuable lesson you have learned as a trader? Any major mistakes that turned out to be great lessons?
Two spring to mind. No matter how good something seems it will always come back down to Earth so always take more profits than you intend. Understand that being a millionaire in Crypto is not the same as being a millionaire in the real world. Not yet anyway.
The second would be to protect your portfolio like your life depends on it. I got stung on the XRB hack on Bitgrail with one of my accounts. Life changing profits were made on this play so it’s not all doom and gloom but to see the entire value of a house disappear in front of your eyes, well let’s just say it was a rough day in the office.
Do you have a favourite long term HODL?
As a LONG term HODL I would say BTC, XMR and BNB. That is not to say there aren’t others that make up my portfolio but I would feel comfortable pointing people towards these 3 coins to begin their research.
If I had to pick a low cap gem it would be COLX. Anyone that has followed me since the beginning will know that it is one of my gems which has performed really well. It’s a community project that continues to deliver and I believe will continue to do so for the foreseeable future. In saying that THIS IS CRYPTO! [Insert 300 gif] and who knows what tomorrow will bring so manage your risk!
What advice can you give to someone that is new to crypto?
The first thing would be the cliche, don’t invest more than you can afford to lose. As basic as it sounds this one piece of advice is what allows you to reduce the impact emotions have on your trading. For anyone who has trading experience they know that emotions can wipe out your trading account if not properly managed.
The next would be to put in the work. Too many people enter this space thinking that they will put in some spare funds and in a short period of time be rich. It rarely works out this way. You need to understand the basics of how markets work, how to protect your investment, when to sell, how to monitor your investments for FUD just to name a few. Ultimately it takes a lot of dedication to be successful in this space.
For more information and daily updates – follow Satoshi Wolf on Twitter