Archive: cryptocurrency
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How to Help the Crypto Community
By Adam Sharp on July 9, 2021
Crypto is bouncing a bit today, but bitcoin’s price is stuck in a pretty tight range between $32,000 and $35,000. Just as an exercise, let’s take a quick look at one of crypto’s potential short-term headwinds. The primary risk is regulatory. We’ve seen what China did by essentially shutting down all crypto mining in the country. It caused a massive shift in mining power from east to west. This gives America and…
This Billionaire Makes a Compelling Case for Bitcoin
By Adam Sharp on July 2, 2021
Over the past few years, several notable traditional investors have come out in support of bitcoin, including Ray Dalio, Carl Icahn and Bill Miller. But the most recent addition really caught my eye. Ricardo Salinas Pliego is a Mexican billionaire. The founder of Banco Azteca, Pliego…
Market Correction Doesn’t Mean Crypto’s Bull Run Is Over
By Adam Sharp on June 25, 2021
Wow! What a crazy few weeks. This correction has been brutal. But I remain convinced that we are still in a long-term bull market uptrend. Let me explain why. Take a look at this chart on Twitter.
Ignore Elon Musk, the World’s Biggest Crypto Troll
By Adam Sharp on June 17, 2021
Every time Elon Musk tweets about bitcoin and its price moves, I cringe. Why? WHY? There are much bigger issues we should be watching. But for some reason everyone focuses on Mr. Musk. Don’t get me wrong,…
These Three Portfolio Coins Are Going Strong
By Adam Sharp on May 21, 2021
What an insane few weeks it’s been in crypto markets. Elon Musk’s waffling on bitcoin has really shaken up the crypto markets. And now we’ve got a government “crackdown” on crypto developing — though that’s not as bad as it sounds. …
Crypto Regulation Shows Mainstream Acceptance
By Adam Sharp on May 21, 2021
What an absolutely insane few weeks in crypto it’s been. All the Elon Musk drama, the Tether reserve breakdown and now there are further signs of government regulation. Today I’m going to look at the regulatory…
Crypto Crash Isn’t Elon Musk’s Fault
By Vin Narayanan on May 20, 2021
One of these days, we’ll dig into my complicated feelings about Elon Musk. They were complicated before Tesla bought bitcoin, started accepting bitcoin as a payment method, stopped accepting bitcoin as a payment method and Musk hopped aboard the crazy dogecoin train. (Say it…
Dogecoin Is Meant to be a Joke
By Adam Sharp on May 14, 2021
In the summer of 2014, I met dogecoin co-founder Jackson Palmer in San Francisco during a tech conference. Jackson was instantly likeable, and we happened to know some of the same people at the conference. We hung out that night, and he gave me some insight…
Prepare Your Portfolio for Inflation Now
By Adam Sharp on May 14, 2021
If you haven’t heard yet, Warren Buffett is sounding the alarm on inflation. All of a sudden it’s become a widely discussed topic. The general public is waking up to the fact that prices are rising rapidly. For most people, this…
How to Develop a Strategy for Ethereum
By Vin Narayanan on May 13, 2021
Ethereum (ETH) is killing it. That’s the only way to describe this current run that the second-largest cryptocurrency is on. On Wednesday, its price hit an all-time high of $4358.30 at 10:30 a.m. ET according to CoinMarketCap. A year ago, ethereum was trading for $197.59. That’s…
Understanding When to Take Profits
By Adam Sharp on April 30, 2021
One of the most important lessons I’ve learned as an investor is this: when you have a great asset, don’t sell just because it goes up a lot. Don’t sell early if you think it starts to get expensive either, because it…
Crypto Correction is Healthy
By Adam Sharp on April 23, 2021
Bitcoin and the broader crypto markets are pulling back. Bitcoin slipped below $50,000 today and is currently trading around $49,700. This is nothing to be concerned about. We’ve come an incredibly long way over the last 14 months. And pullbacks are healthy and to be expected.
Bitcoin Sell-Off is Nothing to Panic About
By Vin Narayanan on April 19, 2021
My phone woke me up unexpectedly Sunday morning. It was buzzing with the news that bitcoin had suffered a flash crash — dropping as much as 14% to $51,141. I saw the alerts, checked my Twitter timeline and…
Government Interference With Bitcoin Is Growing
By Adam Sharp on April 16, 2021
In Washington’s latest round of sanctions against Russia, the U.S. government targeted specific bitcoin addresses. Here’s an excerpt from Bitcoin Magazine’s reporting. “…the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC), recently…
Bitcoin is Finally Going Mainstream
By Adam Sharp on April 16, 2021
This week’s Coinbase initial public offering (IPO) is a major moment for crypto. That amazing $85 billion valuation is turning heads all over Wall Street. I imagine that for some old-school investors, this crypto thing suddenly looks more legit. We were already in the midst of…
The Convergence of Stocks and Cryptocurrency
By Vin Narayanan on April 14, 2021
In five or ten years, there might not be any difference between trading stocks and trading crypto. The two asset classes are converging in ways we couldn’t have imagined just a few years ago. More than 9.5 million Robinhood customers traded crypto in…