Author: Ryan Grace
November 16, 2024
Good morning my tasty friends,
We’ve been busy in the cave this week… Cranking, if you will. Which is honestly surprising given how distracting these hourly all-time highs can be. It’s tough getting anything done when bitcoin’s in full blown blast off mode. The coins are ripping and I hope everyone is feeling good.
They say crypto feels a lot better when it’s going up.
Price action has everyone’s attention and as we’re seeing more and more interest in crypto, we’re dedicating this week’s newsletter to those of you in tastynation that are a bit crypto curious.
We’re also pumped to announce the launch of our new series with tastylive’s Katie McGarrigle, Where Do I Start? Crypto.
Katie’s on a crypto journey and yours truly is her guide. She’ll be joining us on The tastycrypto Show, live each Monday and Wednesday over the next few weeks.
Episode 1 kicked off with an intro to the concept of digital assets and some of the features I think make bitcoin a very compelling technology. Next week we’ll explore the features I think make crypto such an interesting investment.
By the end of the series my goal is for Katie and everyone watching to build a foundation for participating in crypto and investing in digital assets.
To get started, check out the first video on the tastycrypto YouTube channel and obviously watch episode two live on Monday. We’ll be streaming across our tastylive, tastycrypto, and tastycrypto X channels.
Performance Dashboard
A few thoughts while you sip your coffee or chug your beer this morning. It is Saturday…
It won’t pump forever, but man the pump is fun. For now I’m doing my moon dance against a backdrop of emerald light as Bitcoin hits new all-time highs. I know the music won’t be playing forever, but let us have this moment.
Aside from higher prices, market signals are much the same, just a new range.
It’s still Bitcoin over everything. Sure the dogs are popping, but BTC dominance at 61% is a new multi-year high.
Vol is creeping higher, but it’s not exactly high. Maybe the days of 100% annualized vol are behind us (I doubt it), but at 57% implied vol, we’re basically in the middle of the yearly range for volatility. – It can get a lot crazier. It probably will.
Seasonality has proven to be “real” again, it’s here in the room with us now.
Maybe the Trump trade is a false prophet. Maybe Chinese liquidity is your god.
The trend is bullish. I’m buying dips until the trend changes. Recognize when this changes.
Just one reason to have a wallet...
BAG BATTLES
Introducing BAG BATTLES! Watch as Ryan joins Nick Battista and Mike Butler from tastylive’s Options Trading Concepts (OTC) LIVE for a wild new series where they go full degen, aping into the world of memecoins. The rules are simple: each gets $100 to start and picks 3 memecoins to throw into the ring. Every Monday, we’ll check in to see who’s the biggest winner (or biggest bag holder) of the week!
Tune in to the OTC LIVE Show Mondays at 11am CT for all the action, streaming live on tastycrypto’s X channel and YouTube.
Not financial advice. Always do your own research, and remember: memecoins are high risk—be prepared to lose it all!
tastycrypto Show Highlights
- Ryan needs a lesson in hip hop
- When bitcoin hits $180k we’re petitioning for a plum emoji (specifically for Glen)
- Katie answers the question: What is crypto to you?
- ✍️ don’t be greedy ✍️ don’t be greedy ✍️ don’t be greedy
- The tastycrypto Show is now streaming to X and our own YouTube channel!
Next:
🤓 Where Do I Start? CRYPTO continues with Katie McGarrigle!
💰 Don’t miss Ryan on the OTC Live Show on Monday at 11am CT for BAG BATTLES!
Join in the fun and hop in the live chat during the show!
The Newsletter Name Poll is LIVE!
Again, thank you for your suggestions! We’ve got the three finalists ready for your vote. Please VOTE HERE.
Stay tasty,
Ryan