Archive: cryptocurrency
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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? And why did the market barely flinch when the SEC sued Ripple? Adam Sharp and Vin Narayanan discuss that and much more in this edition of Crypto Monitor.
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…
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…
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…
Institutional Bitcoin Is Here to Stay
By Adam Sharp on December 18, 2020
It’s official. The institutional move into bitcoin is underway. Large multi-billion dollar firms are now coming into the market. And I think it’s just getting started. Insurance giant MassMutual announced last week that it had purchased $100 million worth of BTC.
Bitcoin Breaks Past $20,000 Mark
By Vin Narayanan on December 17, 2020
Bitcoin did it! On Wednesday, bitcoin cracked the $20,000 mark and set a new all time high at $22,065.07. When I wrote to you last week, bitcoin was trading around $18,000. And I was hoping bitcoin would hang out around $18,000 for a…
Crypto Pullback Provides Buying Opportunities
By Adam Sharp on December 11, 2020
Crypto prices have pulled back from recent highs over the last week. Bitcoin is trading around $18,000. Ethereum is around $548. Smaller altcoins on the whole have pulled back sharply. This is completely normal action during a bull market. A larger pullback wouldn’t surprise me either.
Slow and Steady is the Key to a Strong Crypto Asset
By Vin Narayanan on December 10, 2020
Slow and steady isn’t necessarily a bad thing — especially in crypto. Over the last seven days, the price of bitcoin has dropped about $1,000. As I write this, bitcoin is trading around $18,200. And that’s OK. In fact, if bitcoin decides to pitch a tent…
Don’t Be Fooled by Crypto Hype
By Adam Sharp on December 4, 2020
Lately I’ve been extremely bullish on crypto. And for good reason. But I want to take a step back today. I want to make sure we don’t get too far ahead of ourselves. It will take time for these big institutional firms to fully move into…
Exclusive Crypto Update: The 2020 Crypto Surge
By Early Investing on December 3, 2020
The crypto markets are surging. Bitcoin is trading at more than $19,000. And the First Stage Investor crypto portfolio is in terrific shape. Monero is up 72% since we recommended it. Litecoin is up 82%. Ethereum is up 107%. Bitcoin is up 466%.
Diversify Your Crypto Portfolio
By Vin Narayanan on December 2, 2020
Bitcoin cracked the $19,800 mark this week. It’s likely only a matter of time before bitcoin tops $20,000 and sets new all time highs. Who knows? As you read this, bitcoin could already be over $20,000. It’s a terrific time to be a bitcoin investor. In…
Crypto Monitor: Bitcoin Bull Run Charges Ahead
By Early Investing on November 20, 2020
It is an exciting time to be in the crypto markets! Bitcoin cracked the $18,000 mark this week and looks poised to continue its bull run. And select altcoins are surging alongside bitcoin. So how high will bitcoin surge? How long will this crypto bull market last? When…
Bitcoin: This Bull Run Is Going to be Epic
By Adam Sharp on November 20, 2020
The crypto bull market is heating up. Bitcoin is leading the way — it reached more than $18,000 this week. That’s approaching the all-time high of nearly $20,000. The last time bitcoin was near this price was December of 2017. Bitcoin’s price had risen from $434…
Crypto Rally Stays Strong
By Adam Sharp on November 13, 2020
Bitcoin and the alts have had an excellent few months recently. Bitcoin is over $16,000 and approaching new all-time highs. Altcoins are rallying with strength as well. I continue to believe that Bitcoin is the safest way to play this market. However, altcoins have come to…
Iran Loosens Bitcoin Restrictions
By Adam Sharp on October 30, 2020
Some interesting crypto news broke this week. Apparently Iran has changed its laws to allow cryptocurrency to be used for purchasing imports. According to Decrypt (a pretty reliable crypto news outlet), crypto miners will have to sell coins directly to Iran’s…
Bitcoin’s Growth is Just Beginning
By Adam Sharp on October 23, 2020
Well, that happened faster than expected. Last Friday I wrote a piece for Early Investing about how bitcoin was in a very sweet spot. I covered the bullish institutional case, along with other factors leading to a very positive environment.