Archive: Crypto Asset Strategies

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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 such as WallStreetBets (WSB). They noticed that hedge funds had amassed a massive short position in GameStop equal to over 140% of the total shares. And they squeezed these shorts…
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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…
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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…
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Nano, Decred Looking Up

By Adam Sharp on January 15, 2021

Long-time members know that I’ve always been wary of more centralized cryptocurrencies such as Ripple.  As you probably know by now, the SEC is going after Ripple in a big way. Here’s a brief summary from legal news site JDSupra,.
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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?…
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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…
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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…
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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…
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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.
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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…
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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…
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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…
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Bitcoin Soars Over $15k

By Adam Sharp on November 6, 2020

It’s been an amazing few weeks for bitcoin, ethereum and other coins. Interest in these alternative assets is absolutely soaring. What’s driving all of this? I believe the  world’s troubling financial situation is beginning to register with the average investor (you, of course, have known about…
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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…
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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.
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Bitcoin and Crypto Poised For Big Gains

By Adam Sharp on October 16, 2020

Bitcoin dropped slightly today on news that Korean crypto exchange OKEx is under investigation by Korean authorities. OKEx has suspended withdrawals — apparently due to at least some of its holdings being held by police. This is not great news. But…