The altcoin market is up 43% this year and some people are getting excited. Let’s not get ahead of ourselves. We have plenty of reasons to get excited about altcoins and none of them have anything to do with price. I talked about both good and bad in my newsletter, Crypto is Easy. It’s nice to … Continue reading Most Altcoins Will Die. Are You Prepared?
Imagine you found an investment opportunity that could realistically hand you a 1,000% return over just a few years. That’s a rare and special thing. Also, it’s the reason you’re getting into crypto. You want to find that next big altcoin. Maybe it’s on my list of Altcoin Reports? So, like all responsible investors, you make … Continue reading Beware of Taking Profits on Altcoins
Since May 2022, I have warned Crypto is Easy subscribers about bitcoin’s drop to $14,000. It’s the most realistic, sensible, natural technical price level in history. In the classic “anatomy of a bubble” model of markets, bubbles need to go back to where they start before they “return to the mean.” See the circle below: To get … Continue reading Is $14k Bitcoin the New $100k Bitcoin?
As promised in my last post, “Time to Buy Altcoins?” here’s the first in a series of articles about altcoins. By now, you’ve probably heard about the “bitcoin dominance” chart. That chart shows bitcoin’s percentage of the total cryptocurrency market capitalization. It looks like this: BTC.D chart on TradingView, January 9, 2023 Most analysts use … Continue reading The Altcoin Chart You Can’t Afford to Ignore
I got another email from a guy who says he knows the five altcoins that will EXPLODE in 2023. Sounds tempting, but short-duration government bonds and cash deposits are giving you the best deal you’ve gotten in a generation (at least the last 15 years). Are you sure you want to fool around with five … Continue reading Time to Buy Altcoins?
Earlier this week, the US government charged well-known crypto exploiter Avi Eisenberg with commodities fraud and market manipulation for his attack on Mango Markets, a DeFi platform. Maybe posting your crimes on Twitter is not the best idea? While I can never condone somebody knowingly committing a crime, I’d like to propose we make Avi’s … Continue reading Should We Legalize Market Manipulation for Crypto?
Once bitcoin’s price went below its 2017 peak, the naysayers came out of the woodworks. This cycle is different, the models are broken, the charts don’t work anymore, and a global depression will crush everything. Sure. “It can get worse” is always a great way to think about the downturns in this market. That way, … Continue reading The Truth About This Crypto Bear Market That Everybody Seems to Deny
On the heels of FTX’s demise, in advance of the potential collapse of USDT Tether, amidst the tightest monetary environment in a generation, staring at a looming global recession, we brace ourselves for the end of the biggest pump-and-dump in history, a rug-pull of epic proportions. Did you think I was talking about bitcoin? No. … Continue reading Bitcoin’s Role in the Biggest Pump-and-Dump in Human History
For some people, it’s not enough that bitcoin’s price is at a historic low. They need a different reason to put money into this market. A key level on a trading chart. Some macro or technical signal. A leading indicator. A key milestone in some data model or cycle theory. The halving. World peace. Others … Continue reading Looking for a New Bitcoin Narrative? It’s the Same as the Old One
For years, my wealth management company did not approve of cryptocurrency as an investment. Whenever the crypto market went up a lot, the company sent an email to remind clients that crypto has no value and doesn’t belong in an investment portfolio. Not too long ago, in a client-only call, the company delivered this message: … Continue reading Institutions Will Buy Crypto Once This One Thing Changes
