Archive: Bitcoin
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Alert: Taking Profits and Selling
By Adam Sharp on February 19, 2021
Deciding when to take profits in crypto is extremely difficult. Based on past bull markets, we likely still have at least a year to go before things cool off (and probably more based on the unprecedented deficits and money printing today). But I think it would be borderline irresponsible to not take some profits here. We’ve had quite a run in just about everything in our portfolio. Of course — as I…
Silicon Valley Is Losing Dominance
By Adam Sharp on February 19, 2021
For the past few decades, Silicon Valley has dominated the world of venture capital. According to Pitchbook, Silicon Valley accounted for a whopping 26% of all VC dealmaking in 2014. Even more impressive, more than 39% of all dollars invested into VC-backed startups happened in the Silicon Valley…
How to Take Profits in a Bullish Crypto Market
By Adam Sharp on February 12, 2021
It’s been a beautiful year for crypto. We had a nice dip in March 2020 which turned out to be an amazing buying opportunity. Now we’re seeing unprecedented growth and adoption. Here are just a few of the major companies to jump on the bitcoin bandwagon…
Most-Shorted Stocks Are Excelling Beyond Reason
By Adam Sharp on February 12, 2021
Market manias sure are intoxicating to watch, aren’t they? Right now almost everybody’s making money in the markets (except bears). All the major indexes are basically at all-time highs. The Nasdaq-100 is up 48% over the past 12 months…
Bitcoin Shows Strength After Correction
By Adam Sharp on February 5, 2021
It appears that the crypto correction is over for now, but I’m glad it happened. We did need to slow down a bit after bitcoin shot practically straight up from $20k to $40k, and altcoins soared. Those kinds of moves are unsustainable in the short term. So it’s…
Dogecoin Blasts Off as WallStreetBets Piles In
By Adam Sharp on January 29, 2021
I’m sure you’re all aware by now of what’s been happening with GameStop shares recently. Shares have shot up from under $4 six months back to a high of around $468 this week. GameStop was driven higher by a very clever campaign orchestrated on online forums…
Bitcoin and Startups: Better Revolutionary Assets
By Adam Sharp on January 29, 2021
For the last week, all eyes have been on GameStop (GME). Millions of users from forums such as Reddit’s WallStreetBets have piled into shares and call options of the wounded mall retailer, causing a short squeeze of epic…
Why This Bitcoin Correction is Normal
By Adam Sharp on January 22, 2021
As I write this on Thursday, January 21st at around 3:00PM EST, bitcoin is currently down 8.3% over the last 24 hours to $32.4k. It’s down 17.2% over the last seven days. Altcoins are mixed, but mostly down as well. But none of that is cause for major…
Bitcoin vs. Altcoins: A Lopsided Battle
By Adam Sharp on January 15, 2021
Investors often ask me why I focus so much on bitcoin instead of altcoins. I get why people ask this question. Bitcoin is already huge. And many investors assume they’ve already missed the boat, so they want to find the next bitcoin. …
Crypto Monitor: Crypto Market Forecast
By Early Investing on January 8, 2021
Crypto is rolling. Bitcoin cracked the $40,000 mark yesterday. Ethereum is up more than 800% in the last 365 days and nearing its all-time high. And Haven Protocol is up 144% since we first recommended it. So what’s driving the market? Where does the crypto market go next?…
Bitcoin’s Surge: Supply and Demand in Action
By Vin Narayanan on January 7, 2021
As I write this, bitcoin is trading around $38,300. That means investors that bought bitcoin at the previous market peak in late 2017/early 2018 are up 100%. And people that bought bitcoin at the beginning of 2020 are up about 432%. So why is bitcoin surging…
2020 Turned Into a Great Year for Crypto
By Adam Sharp on December 31, 2020
It’s been an amazing year in crypto! We had a nasty dip in the spring — followed by a roaring comeback once people realized crypto was created for these economic times (massive money printing and even lower interest rates). Things are truly starting to get interesting…
Six Crypto Predictions for 2021
By Adam Sharp on December 23, 2020
Today I’m going to try to make some predictions about the crypto markets in 2021. Let’s dust off the crystal ball and get started. Here’s what I think will happen: Bitcoin will reach at least $50,000 next year. At least five more large publicly-traded…
Naughty and Nice Lists for 2020
By Aryelle Young on December 23, 2020
Confession time. The #DogsofTwitter is one of my favorite Twitter communities. In this truly joyful corner of Twitter, dogs of all ages are trying extremely hard right now to be good boys and girls until Santa Paws arrives to give them treats and presents. Yes it’s totally corny.
A Bright Future: Startups, Bitcoin and DeFi
By Vin Narayanan on December 21, 2020
I am hopeful. That’s not an easy sentence for me to write here at the end of 2020. Even as the new year approaches, there’s still plenty to be concerned about. A close friend’s dad has taken a turn for the worse (not COVID related —…
Crypto is Rising – And It’s Going to Last
By Adam Sharp on December 18, 2020
Cryptocurrencies moved up dramatically over the last week. From our portfolio bitcoin was up 25%, Decred was up 49%, XHV was up 45% and NANO was up 17%. This is what we’ve been waiting patiently for. Those of you who held…