What I hold and what I’m planning for in 2021.

Bitcoin Crypto Portfolio
Bitcoin Crypto Portfolio

My crypto portfolio is Bitcoin heavy.

I’ve been interested in cryptocurrency since 2013 and purchased my first BTC in 2015. Soon after, I also discovered Ethereum and first purchased ETH when it was just $12/ETH.

It probably comes as no surprise that the bulk of my crypto portfolio is made up of Bitcoin and Ethereum.

My Crypto Portfolio

  • BTC 64%
  • ETH 29%
  • ADA 6%
  • RVN 1%

There’s nuance in these numbers.

They are percentages, based on US dollar value.

Historically, Bitcoin has been a far more significant position in my portfolio. …

Breaking down ETH and BTC price action.

Ethereum Bitcoin
Ethereum Bitcoin

Ethereum just broke $3,000 for the first time ever.

Taking down a critical psychological barrier, the world’s second-largest cryptocurrency by market cap has seen positive gains for seven consecutive months.

ETH is among one of many altcoins making moves as of late.

Ethereum tops $3,000 for the first time ever as Bitcoin tests $60,000 again.

The industry is bullish on Ethereum.

Activity is increasing on the Ethereum network.

Much of the rise in network activity is thanks to positive news surrounding Ethereum.

The European Investment Bank is issuing digital bonds on Ethereum, there are Ethereum ETFs in Canada, and the ETH 2.0

$60k Bitcoin is just the start.

bitcoin supercycle
bitcoin supercycle

Bitcoin is at a tipping point.

I’ve written about a Bitcoin Supercycle before.

The idea is gaining traction.

It’s igniting debates between Bitcoiners and investors about whether or not it’s actually occurring as we speak.

Bitcoin has standard market cycles based around its halving events.

What’s a halving?halvings decrease the supply output, cutting the rewards that Bitcoin miners receive in half.

This triggers a bull year followed by three bear or sideways years.

We saw this most recently between 2017 and now.

Bitcoin hit the $20k price point before proceeding to trade down throughout all of 2018 and…

How to store and manage your Bitcoin.

Bitcoin Wallet
Bitcoin Wallet

Bitcoin is valuable.

Just as you have a system to store and manage the money you earn, you should also have one for your Bitcoin.

A Bitcoin or cryptocurrency wallet is a tool used to store and protect your holdings.

Think of your traditional wallet.

A physical wallet that you keep in your pocket holds your credit and debit cards, cash, and maybe an ID card.

Consider also your traditional bank account.

You access it online or via an app, using a password, and can deposit and withdraw money to and from it.

A Bitcoin wallet is similar to both…

Bitcoin is going parabolic.

Bitcoin Stimulus Check
Bitcoin Stimulus Check

The first round of COVID stimulus relief checks that went out in April 2020 were $1,200 for individuals.

That same $1,200 check would now be worth $11,200 if it was used to buy Bitcoin.

Since March 2020 lows, Bitcoin has gone parabolic.

The world’s largest cryptocurrency has topped $60,000 as of writing.

It feels like the sky is the limit.

We could even be in a Bitcoin Supercycle where we don’t see the usual bearish pullbacks in the later part of the crypto market cycle.

Increased stimulus and an unflinching commitment to quantitative easing has only strengthened Bitcoin’s use case…

And the day that shaped Bitcoin.

Bitcoin COVID
Bitcoin COVID

Bitcoin crashed on March 12, 2020.

It hit $3,600 on BitMEX.

The world was dealing with the initial economic impacts of the global COVID pandemic, and the crypto market was one of many casualties.

Let’s Qualify What We Mean by “Crashed”

In the year prior to March 12–13, 2020, Bitcoin was trading in a range between roughly $5,000 and $12,000.

In the immediate months leading into March 2020, it was trading in a tighter range between about $7,000 and $9,000.

While it did see a massive correction in the COVID March 2020 lows, Bitcoin was by no means decimated.

One Year Later

Traditional financial markets crashed and rallied since the…

The difference between investing in and trading Bitcoin.

Bitcoin Investment
Bitcoin Investment

Bitcoin is an investment.

It is a long-term store of value asset.

Bitcoin is a hedge.

It’s a hedge against the current monetary system.

Bitcoin is not a trade.

Bitcoin could’ve been a “great trade” between 2011–2017. Now, like with most investments, trading Bitcoin should be left to the few, not the many.

Bitcoin is also not a get rich quick scheme.

Bitcoin is a don’t get poor slowly strategy.

Bitcoin Is Young

Bitcoin was born in the aftermath of the 2007–2008 financial crisis. It’s just over a decade old, making it a relatively young asset.

Bitcoin reinforces its use case as a…

Breaking down Cardano.

Cardano Cryptocurrency
Cardano Cryptocurrency

Cardano is a cryptocurrency network.

The network utilizes a cryptocurrency called Ada.

As of writing, Cardano is among the top five cryptocurrencies in terms of total market capitalization. Cardano’s ticker symbol is ADA.

The price of ADA has surged since late 2020, along with Bitcoin and the overall crypto market.

What Is Cardano?

We already know that Cardano is a cryptocurrency network.

Cardano is also an open source project.

From Cardano.org:

Cardano is a blockchain platform for changemakers, innovators, and visionaries, with the tools and technologies required to create possibility for the many, as well as the few, and bring about positive global…

Indirect ways to invest in bitcoin.

Bitcoin Stocks
Bitcoin Stocks

It’s February 2021.

Bitcoin just hit $50,000.

We’re in the middle of a bitcoin market cycle and we’re on the bullish frontend of it.

Dan Held has floated the idea that we’re in the early stages of a bitcoin supercycle, implying that the market may not see the same bearish downturns it did in 2013 or 2017.

Where can you take advantage of bitcoin’s bull run without buying actual bitcoin?

There are ways to find indirect exposure to the crypto market.

This is not financial advice. Let’s get that out of the way.

We’re going to look at some of…

Ethereum mining is easier than you think.

Ethereum Mining Using Nanopool
Ethereum Mining Using Nanopool
Ethereum Mining Using Nanopool — Image from Bitcoin Binge

Throughout 2020, I researched and ordered parts to build an Ethereum mining rig. I got it up and running in late September.

Now, it makes anywhere between $200–400 per month.

2021 looks A LOT different than 2020.

The mining rig’s profitability has only increased in recent months as the cryptocurrency market has heated up.

Q4 2020 saw the start of a crypto market bull run.

We are about halfway through the market cycle if things track similar to 2013 and 2017.

I’m glad I started mining Ethereum prior to the current bull run. It was great timing.

Bitcoin Binge

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