Archive: Crypto Update
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 with me everyone, dogecoin is a joke.) But the truth is human beings influence markets. They always have. We buy diamond rings to declare our…
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…
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…
Keep Your Eyes on Ethereum
By Vin Narayanan on April 1, 2021
Ethereum needs a better publicist. Bitcoin grabs all of the headlines. Yesterday we learned Goldman Sach jumped on the bitcoin bandwagon and will soon be offering bitcoin investment vehicles to its wealthiest clients. BlackRock has quietly begun trading…
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…
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…
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…
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%.
Crypto Talk: Why is Bitcoin Outperforming the S&P 500?
By Early Investing on June 18, 2020
Bitcoin has been trading around $9,500 for a little while now. And it’s up 31% on the year. Meanwhile, the S&P 500 is down a little more than 4% for the year. Why is bitcoin performing so well? And just how bullish is bitcoin’s outlook? Those are…
Crypto Update: Bitcoin Halving Edition
By Adam Sharp on May 11, 2020
The big day is finally here. Today marks the third bitcoin “halving” event. Halvings happen roughly every four years and reduce the amount of new bitcoin created by half. As many of you know, bitcoin is slowly “mined” over time by specialized computers that solve complex math equations. A new…
Crypto Market Update
By Adam Sharp on November 20, 2018
It’s been a rough five days for crypto markets. If you own cryptocurrency for the long run like Adam does, the only thing you can do is hunker down and wait.