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…
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…
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.
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…
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.
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.
Traditional financial markets crashed and rallied since the…
Bitcoin is an investment.
It is a long-term store of value asset.
Bitcoin is a hedge.
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 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…
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.
We already know that Cardano is a cryptocurrency network.
Cardano is also an open source project.
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…
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…
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.
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 is the middle of a market cycle.
Right now, bitcoin is bullish.
Similar to bull runs in both 2013 and 2017, bitcoin has reacted in ways that some analysts predicted.
This market cycle, however, is different.
A bitcoin supercycle could be developing.
Bitcoin, like the rest of the financial markets, was pushed to the brinks in March 2020. It plunged below $4,000 on some exchanges.
It was a stress test unlike any previous cycle.
The test included a liquidity crisis, forcing exchanges to react to panicked sellers. …
In 2020, I built an Ethereum mining rig.
I have what I’d call a surface-level background in technology.
I’m not a computer scientist or engineer by any means. I worked at an Apple store during undergraduate and graduate school and enjoy tech from a hobbyist standpoint. That’s about it.
Building a cryptocurrency mining rig was not something I took lightly. I did my research, asked questions, joined forums, and watched videos. Plus, there was plenty of trial and error along the way.
You can read about how I built the Ethereum mining rig here.
This post, however, is about the…