Did you buy bitcoin above $60,000? No worries. In a few years—possibly a few weeks—you will feel the same way about buying at $60,000 as others feel about buying at $10,000. This may not make sense now, with gloom surrounding you and fear gripping the market, but it will become more clear the longer you … Continue reading What Price Will You Pay for Bitcoin?
What do you call an asset that’s up 22% on the year, 7% in the past six months, and 6% since October? The S&P 500. Bull market. Heading to new all-time highs. Only the Fed can stop it. Prepare for liftoff! What do you call an asset that’s up 60% on the year, 33% in … Continue reading When it Comes to Bitcoin’s Price, You’re Confusing ‘Extreme’ and ‘Normal’
I still hear people talk about the “wall of institutional money” about to rush into crypto. As if the $70-110 billion already reported isn’t enough. Yes, institutional investors continue to buy, HODL, and accumulate, just not with the same pace and urgency of 2020. We see this in lots of data. Most pensions have no … Continue reading Want Bitcoin to Succeed? F&ck the Institutions
Each week, I send a weekly rundown to subscribers of my newsletter, Crypto is Easy. In a recent rundown, I ran a poll asking whether bitcoin’s price will drop below $50,000 any time before December 31, 2021. Choices were “yes,” “no,” or “I choose not to respond.” 70% of respondents said “no.” My answer? I choose not … Continue reading Watch out. Bitcoin Could Do the Unexpected, Soon
Are we talking about supercycles and putting lasers in our eyes again? Not yet? Ok, that’s fine, we will soon. When that happens, seemingly everybody will tell you the same thing: the bull market will never end. You may already believe this. Don’t It’s the biggest lie you will ever hear. I circled the end … Continue reading One Lie About Bitcoin That You Might Believe
This article covers the third of three truths about bitcoin and altcoins. Catch the first and second truths, and come back soon for one lie. A lot of people think money flows through the crypto market in a cycle from bitcoin > large cap altcoins > mid cap altcoins > low cap altcoins and then … Continue reading Three Truths and a Lie About Bitcoin and Altcoins – Truth #3
Sometimes, you need to sell crypto. If so, do it. Why should you risk your quality of life or neglect important, urgent expenses? You will always have opportunities to make money, it doesn’t have to come from crypto. Just keep in mind, unless you’re trading as a living, you just might fall into the trap that has … Continue reading Three Truths and a Lie About Bitcoin and Altcoins – Truth #2
When bitcoin’s price shoots up to $100,000, altcoins start their altseason, and you’re wrapped up in the ecstasy of the FOMO, perspective will get harder and harder to find. Social media algorithms will bury bearish content because it doesn’t get as much engagement as “supercycle / only up.” In any event, you probably will dismiss any … Continue reading Three Truths and a Lie About Bitcoin and Altcoins – Truth #1
I played a lot of poker when I was young. Of all the sayings people have said about poker, one always sticks with me: it’s a game of boredom punctuated by moments of terror and ecstasy. Sounds a lot like crypto. Most people only notice the terror and ecstasy, not the long stretches of boredom … Continue reading Next for Bitcoin’s Price: Ecstasy or Terror
Everybody says bitcoin’s about to explode and altcoins will soon go on a face-melting run. Usually, when “everybody” expects something to happen, it doesn't happen. This time, we have a lot of signals that suggest "everybody" is right. I’ve covered this for months in my newsletter, Crypto is Easy. Whatever way the market goes, you … Continue reading Get Ready for Bitcoin’s Melt-Up and Altseason
