Coinstack

2021-07-02 19:17:37 Here's a comparison of what Bitcoin did in 2013 and what we currently expect Bitcoin to do in 2021 as we reach new all-time highs sometime in the Fall.

What price do you expect BTC will end 2021 at? Open / Comment

2021-07-02 18:41:33 Willy Woo has written a bullish note on Bitcoin on-chain signals today indicating his belief we have bottomed and fundamentals show we are heading upwards in the next few months. Here are some excerpts from his letter.

⁃ The bull market is intact with user growth continuing to climb higher. Macro indicators continue bullish.
⁃ Re-accumulation and recovery is still in play and is indeed strengthening, thereby creating a classic price to fundamentals divergence.
⁃ Long term investors are quietly absorbing coins unnoticed by the market. I expect this supply shock to squeeze the market upwards. 
⁃ Under technical analysis, the price action looks scarily bearish to speculators and chartists are pointing to a further price collapse to $20k, claiming we are in a bear market. The fundamentals do not support this.
⁃ The on-chain picture is strikingly bullish. A supply shock is quietly forming unnoticed by the market. 
⁃ Per Glassnode, the Bitcoin network is onboarding a healthy 32,000 new users per day which is a new high for 2021.
⁃ The newly launched Canadian Purpose Bitcoin ETF has added 4100 BTC to its holdings during this dip, supporting what we see on-chain; long term investors are buying.
⁃ When miners are culled from the network, the surviving miners hold their coins knowing the sell pressure from miners that went out of business has subsided and a price floor is in place. We can see this effect visually as compressions in the Difficulty Ribbon. This has historically been a reliable signal for price bottoms.

You can subscribe to the full letter including really great analysis and charts at willywoo.substack.com. Open / Comment

2021-07-02 18:28:23 In the first six months of 2021, Bitcoin was up 20% ($28890 to $35,060) and Ethereum was up 208% ($737 to $2276). ETH grew in value 10x faster than BTC.

What do you think will happen in the 2nd Half of 2021?

What's your end of year price prediction for BTC and ETH? Open / Comment

2021-07-01 19:15:02 Just finished recording from my Bali studio... If you have ever wanted someone to explain crypto to you so it's simple to understand take a listen to these podcasts and pass them along to anyone new in the space. Hopefully these will make understanding the use cases and how crypto will change the world easy...

NEW COINSTACK PODCAST EPISODES

Crypto: Explain It Like I'm 5 (The Full Series)

Part 1 - Bitcoin, Blockchains, and Cryptography
https://anchor.fm/coinstack/episodes/Crypto-Explain-It-Like-Im-5-Part-1---Bitcoin--Cryptography---Blockchains-e13mla0

Part 2 - Ethereum, Smart Contracts, Exchanges, & Wallets
https://anchor.fm/coinstack/episodes/Crypto-Explain-It-Like-Im-5-Part-2---Ethereum--Smart-Contracts--Stablecoins--Exchanges--and-Wallets-e13n0cb

Part 3 - DeFi, NFTs, DAOs, and tokens
https://anchor.fm/coinstack/episodes/Crypto-Explain-It-Like-Im-5-Part-3---DeFi--NFTs--DAOs---Tokens-e13p6it

Also available on Spotify, Google Podcasts, and Apple Podcasts

I will be resuming tomorrow with my more traditional a bit more advanced content :) Open / Comment

2021-06-30 16:09:24 NEW COINSTACK PODCAST EPISODE
Crypto: Explain It Like I'm 5 (Part 1: Bitcoin, Cryptography, and Blockchains)

Listen and subscribe at:
https://anchor.fm/coinstack

Spotify:
https://open.spotify.com/show/5xh0Iq81duPEuHvYfqCcln

Podcast RSS:
https://anchor.fm/s/610009f4/podcast/rss

Episiode Description:
We've created this “Crypto ELI5” in order to help anyone understand the basics of crypto, become a better crypto investor, and be able to understand how cryptographically-secured decentralized blockchain applications are changing the world.

This is part 1 of 3. Parts 2 and 3 will be posted over the next couple days.

CRYPTO - EXPLAIN IT LIKE I'M 5
PART 1 - BITCOIN, CRYPTOGRAPHY, & BLOCKCHAINS
PART 2 - ETHEREUM & SMART CONTRACTS
PART 3 - DECENTRALIZED FINANCE & OTHER IMPORTANT BASICS

Give it a listen and share it with your friends who are learning about crypto. Open / Comment

2021-06-29 20:14:01 Here’s a good NY Times article about how A16Z is playing the long game with crypto...

https://www.nytimes.com/2021/06/26/business/dealbook/katie-haun-crypto.html Open / Comment

2021-06-29 16:44:11 NEW COINSTACK PODCAST
Why A16Z's $2.2B Crypto Fund is Actually a Really Big Deal

https://anchor.fm/coinstack/episodes/Coinstack---Why-A16Zs-2-2B-Crypto-Fund-is-a-Bigger-Deal-Than-Most-People-Think-e13ktjt Open / Comment

2021-06-29 15:03:08 Here's this week's issue of Coinstack. Please pass it along to all the crypto newbies you know...

https://coinstack.substack.com/p/crypto-explain-it-like-im-5

Inside This Issue:

1. Crypto - The Definitive Explain It Like I’m 5 (ELI5)
- Cryptography & Blockchains
- Bitcoin
- Ethereum & Smart Contracts
- Exchanges, Wallets, & Stablecoins
- Decentralized Finance (DeFi)
- Other Important Crypto Basics
- Learning More About Crypto
2. Why A16Z’s $2.2B Crypto Fund Is A Big Deal & is Leading to Regulatory Clarity
3. What Morgan Stanley Thinks About Crypto. It’s Time to Allocate.
4. Subscribe to The Coinstack Podcast
5. A Long-Term Crypto Portfolio
6. Tuesday Crypto Community Calls
7. Join Our Telegram Group
8. Who We’re Following Closely on Crypto Twitter
9. How to Get Started in Crypto Learning

Hope this issue is helpful at answering the question: what is crypto actually good for? Open / Comment

2021-06-29 13:09:55 Here is the EARLY EDITION of the Coinstack weekly newsletter, just for our Telegram subscribers as a Google Doc... ENJOY!

https://docs.google.com/document/d/1tt0vHO4EOq5f7VkG8y44YsvRDZcZHrN7lXDcGDCw7VU/edit#

In this issue:

1. Crypto - Explain It Like I’m 5 Years Old
- Cryptography & Blockchains
- Bitcoin
- Ethereum & Smart Contracts
- Exchanges, Wallets, & Stablecoins
- Decentralized Finance (DeFi)
- Other Important Crypto Basics
- Learning More About Crypto
2. Why A16Z’s $2.2B Crypto Fund Is Actually A Really Big Deal
3. What Morgan Stanley Thinks About Crypto
4. Subscribe to The Coinstack Podcast
5. A Long-Term Crypto Portfolio
6. Tuesday Crypto Community Calls
7. Join Our Telegram Group
8. Who We’re Following Closely on Crypto Twitter
9. How to Get Started in Crypto Learning Open / Comment

2021-06-29 08:55:34 Here’s a great Odd Lots podcast from today that explains how DeFi works. Joe Weisenthal of Bloomberg interviews Tom Schmidt, General Partner at Dragonfly Capital...

https://podcasts.apple.com/us/podcast/odd-lots/id1056200096?i=1000527088952

Joe is the best tradfi journalist who is making an authentic effort to deep dive into understanding newfi Open / Comment