Stop buying fake Bitcoin wallets!
- Every day, I get 10+ Bitcoin wallets that someone "forgot" the password to. Some are worth a few Bitcoin while some have 100,000 (or more!) Bitcoin. They all have three things in common: There haven't been any transactions in a long time, like 10+ years. The password ideas are non-existent or very vague ("something with a ...more
How to safely store Bitcoin, Ethereum and other cryptocurrencies in 2021
- I've seen people lose their Bitcoin in every way imaginable, and I want to help you avoid the most common mistakes. Are you thinking long-term? Will your storage medium last 10 years? Will your family be able to access it in the event of your death? Have you considered that the same events that will ...more
Correction vs Crash
- Even casual crypto observers are aware of the dramatic downward price action across the crypto space over the past few weeks. This price action has market participants weighing in with opinions regarding where the crypto market stands: on the cusp of a short consolidation and follow-on breakout, or has the next cyclical crypto winter made ...more
How Many Horses are in the Crypto Asset Race?
- While Bitcoin is undoubtedly the most recognized crypto currency in the world, there are literally thousands of other cryptos in existence. While we tend to call everything in the crypto space “cryptocurrencies”, this is misleading because the only thing these digital assets have in common is that they have issued tokens that power their own ...more
Bitcoin has already advanced global privacy and financial autonomy
- If Bitcoin and other cryptocurrencies were to disappear tomorrow, what legacy would they leave behind? I can think of three main impacts: First, Bitcoin raised awareness of the flaws in fiat money, the superiority of sound money, and the potential of people to trade with each other without third-party intermediaries. Second, Bitcoin has provided a life raft to ...more
Bitcoin has already advanced global privacy and financial autonomy
- If Bitcoin and other cryptocurrencies were to disappear tomorrow, what legacy would they leave behind? I can think of three main impacts: First, Bitcoin raised awareness of the flaws in fiat money, the superiority of sound money, and the potential of people to trade with each other without third-party intermediaries. Second, Bitcoin has provided a life raft to ...more
Help! My Bitcoin was stolen! Can you help?
- Billions of dollars in Bitcoin are stolen every year. If you're a victim of Bitcoin theft or a scam, read this article first. I will tell you why all "stolen Bitcoin recovery" services are scams, and what you should actually do. Can a Bitcoin recovery service help get my stolen Bitcoin/Ethereum/etc back? The first and most important thing ...more
Vellum's new Whitepaper: "Bitcoin's Rise and the Coming Crypto Economy"
- Bitcoin can seem like the merger of the Wild West and the Jetsons. If you aren't already an expert, keeping away might seem safer. Fortunately, Vellum Capital prepared a whitepaper that makes sense of the cryptocurrency space without being technical or sensational. Get the complete whitepaper: "Speculation Becomes Consensus Bitcoins Rise And The Coming Crypto ...more
Will Bitcoin go over $20K to reach a new ATH?
- Will Bitcoin go over $20,000 and reach all-time new highs by December 2020? Here's a quick guide for investors to know what's happening now: The first question: does Bitcoin over 19,000USD represent a new thesis or outlook for the market? No. As for nearly all digital assets, Bitcoin's value is established from a 'stack' of value ...more
Will Bitcoin ever go to Zero?
- In November of 2020, we posted an article that looked at whether Bitcoin was poised to push past the $20,000 barrier. Entitled, “Will Bitcoin Go Over $20K to Reach a New ATH,” that article is worth exploring again several months later as we look to gain some perspective on where things now stand not just ...more
How to repair a Trezor Model T with a touchscreen swap
- I needed to perform this operation because I had a Trezor Model T with a lost recovery seed and a bad display. When I plugged it in, I saw the LCD backlight lit up, but nothing showed on the screen. I decided to fix this Trezor wallet with a component swap of the touchscreen. Note: If ...more
Don't panic: why Tether won't destroy crypto
- This article by "Crypto Anonymous" claims that Tether will bring a crypto "doomsday." The author makes many good points in building his case, yet the overall conclusion is less than the sum of its parts. Here's the short version of why he's wrong: Yes, Tether creates systemic risk for Bitcoin. But the key claim that new ...more
How to fix "The transaction was rejected because it is too large" rejected transaction error in Electrum & Electron Cash
- Rejected transactions are disappointing, but it's better than the alternative: having your transactions in limbo for weeks, or thinking that your transaction was accepted when it was not. A "the transaction was rejected because it is too large (in bytes)." error usually happens when are probably trying to spend coins from a mining wallet or a ...more
How to transfer Bitcoin from a Multibit Classic or Multibit HD wallet into Electrum
- Multibit was one of the better Bitcoin wallets between 2011-2016. However, in 2019, both Multibit Classic and Multibit HD have been abandoned by its owner Keepkey and are no longer supported. If you still have Bitcoin in your Multibit wallet and need to get it out, read on. You can still try to send Bitcoin out of ...more
Three Key Differences Between Traditional and Crypto Asset Markets
- What is the real market value of cryptocurrencies like Bitcoin? The numbers used to explain the performance of Bitcoin and other cryptocurrencies are less meaningful than most assume. Cryptocurrencies are not exactly like stocks, and cryptocurrency exchanges do not work like traditional securities markets. As a result, many crypto-asset investment strategies based on conventional definitions of market ...more
Six things COVID-19 has taught us about Bitcoin
- This week the United States economy reported an additional 4+ million people filing for unemployment. The cost of COVID19 lockdowns and their destabilizing effect in business is an economic wave unlike anything in our lifetimes. This extraordinary investment environment has also provided tremendous qualitative indication and information about the market’s current assessment of Bitcoin and ...more
Don't dismiss Bitcoin just because of its wild price swings
- There are valid reasons to criticize Bitcoin, but price volatility is not one of them. Why does the price of Bitcoin change so much from day to day? The answer is simple: the value of Bitcoin derives almost entirely from speculation on future adoption of Bitcoin rather than practical use. Bitcoin speculators are betting on the likelihood that ...more
Don't dismiss Bitcoin just because of its wild price swings
- There are valid reasons to criticize Bitcoin, but price volatility is not one of them. Why does the price of Bitcoin change so much from day to day? The answer is simple: the value of Bitcoin derives almost entirely from speculation on future adoption of Bitcoin rather than practical use. Bitcoin speculators are betting on the likelihood that ...more
Forbes: "Here's What Investors Need To Know About Cryptocurrency"
- Forbes Magazine featured Vellum Managing Partner Eric Kovalak in "Here's What Investors Need To Know About Cryptocurrency": Crypto Valuation = Philosophy + Technology? Eric Kovalak, a managing partner for Vellum Capital, a hedge fund management firm specializing in crypto assets, says, “People are trying to translate the value of cryptocurrencies into a traditional model where they’d use ...more
Watch out for these five common Bitcoin/cryptocurrency scams
- Here are the five most common cryptocurrency scams my customers ask my help with: 1: Fake mining contracts: "mining contracts" which offer fantastic payouts, such as doubling your money in 10 hours (see screenshot below). After sending the "mining company" Bitcoin, they either disappear or ask for more money to unlock funds. Some "mining services" send a public ...more
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