Why
Based on requests from readers, we are publishing this abbreviated post for two reasons: 1) provide insights on the recent volatility, and 2) share cryptocurrency resources.
Recent volatility
The cryptocurrency market has been volatile recently with some coins down 75% (see: Ripple). While severe, this level of volatility is not unprecedented and should be expected:
Resources
Given the extremely rapid pace of innovation, there is a true opportunity of informational advantage. Both individual and institutional investors can benefit from staying abreast of new developments and tapping various networks for insights. Because published content can become stale within a week in the crypto world, we've divided this partial list into static and dynamic resources:
Static
lopp.net: the best list we've found on bitcoin/crypto (thank you Jameson Lopp)
Coinbase tax FAQ: the only thing that is certain other than death
Dynamic
Reddit: according to Polychain founder Olaf Carlson-Wee, the best way to learn about crypto is to engage with the community
Telegram: join one of the top 10 groups that's talking about cryptocurrency
Twitter: follow the founders and thought leaders in the space, e.g. Vitalik Buterin (Ethereum), Charlie Lee (Litecoin), Binance (also on Reddit), etc.
Disclaimer
Past performance is not indicative of future returns. Invest at your own risk, and only invest what you can afford to lose. As cryptocurrency hedge fund manager Dan Morehead describes it: "This is high-octane stuff."