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Crypto First Word

Crypto First Word

  • Crypto First Word
September 24

Key Takeaways Crypto markets sell-off following regulatory news out of China, as the PBoC released a document laying out its intentions for stricter regulation and enforcement measures on crypto. This is not the first time China has “banned” crypto (and probably won’t be the last)....

Bitcoin Is A New Concept Of Virtual Money, The Graphics And Digital Background. Coins With The Image Of The Letter B.

Bitcoin crosses above 200D, invoking Rule #3 --> Buy Bitcoin above its 200D

As shown below, Bitcoin's forward performance is far stronger when it is trading above its 200D moving average: >200D, 6M forward return    +193% <200D, 6M forward return       +10% You get the picture, Bitcoin is a network effect/network value asset, and also apparently aided by price momentum. _STRATEGY:...

Bitcoin rises despite "bad news" --> further evidence Bitcoin bottom is in

But unlike past weekends, Bitcoin barely responded to these headlines (see below).  In fact, Bitcoin is indeed flat/rising over the long weekend: - at 4pm ET Friday (5/28), Bitcoin was ~$34,900 - at 3:50pm ET Sunday (5/30) when FT story "broke" Bitcoin was ~$36,000 - as of this writing at...

intraday

Unpopular opinion --> We expect stable/rising prices. Setup for Bitcoin and crypto is "less bad" into the weekend = good.

_PS: HOW DOES BITCOIN SPILL OVER INTO EQUITIES?_ These crypto sell-offs have potential impacts on equity and broader markets, for several reasons: - many US crypto holders also own equities (ala Robinhood) - Bitcoin futures are traded by macro funds, hence, drawdowns/limit down moves impact macro markets - Bitcoin has...

intraday
  • Crypto First Word
June 11, 2020

The Ten Rules of Bitcoin Investing: Rule No. 5

Tom Lee’s First 5 Bitcoin (Replay) The Ten Rules of Bitcoin Investing: No. 1 The Ten Rules of Bitcoin Investing: No. 2 The Ten Rules of Bitcoin Investing: No. 3 The Ten Rules of Bitcoin Investing: No. 4 (FSInsight. com’s head of research Tom Lee revealed the first five of...

  • Crypto First Word
May 29, 2020

The Ten Rules of Bitcoin Investing: No. 4

Tom Lee’s First 5 Bitcoin (Replay) The Ten Rules of Bitcoin Investing: No. 1 The Ten Rules of Bitcoin Investing: No. 2 The Ten Rules of Bitcoin Investing: No. 3 The Ten Rules of Bitcoin Investing: No. 5 (FSInsight. com’s head of research Tom Lee revealed the first five of...

  • Crypto First Word
May 14, 2020

The Ten Rules of Bitcoin Investing: No. 3

Tom Lee’s First 5 Bitcoin (Replay) The Ten Rules of Bitcoin Investing: No. 1 The Ten Rules of Bitcoin Investing: No. 2 The Ten Rules of Bitcoin Investing: No. 4 The Ten Rules of Bitcoin Investing: No. 5 (FSInsight. com’s head of research Tom Lee revealed the first five of...

The Ten Rules of Bitcoin Investing: Rule No. 2

Tom Lee’s First 5 Bitcoin (Replay) The Ten Rules of Bitcoin Investing: No. 1 The Ten Rules of Bitcoin Investing: No. 3 The Ten Rules of Bitcoin Investing: No. 4 The Ten Rules of Bitcoin Investing: No. 5 (FSInsight. com’s head of research Tom Lee revealed the first five of...

The Ten Rules of Bitcoin Investing: Rule No. 1

Tom Lee’s First 5 Bitcoin (Replay) The Ten Rules of Bitcoin Investing: No. 2 The Ten Rules of Bitcoin Investing: No. 3 The Ten Rules of Bitcoin Investing: No. 4 The Ten Rules of Bitcoin Investing: No. 5 (FSInsight. com’s head of research Tom Lee revealed the first five of...

  • Crypto First Word
April 28, 2020

What Are the Risks?

(Please note that our senior digital analyst David Grider, who writes our weekly crypto column, is sitting in for Tom Lee for this particular note.  This is part three of a three part series. Tom will return to writing Tom’s Take shortly) Part 1 is available here. Part 2 is...

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