And that, we regret to inform you, has led to some rather silly thinking (highly unusual in the crypto community, we know), specifically of the chart-crime variety:
Pa´stor, L. and P. Veronesi (2003), “Stock valuation and learning about profitability”, The Journal of Finance 58 (5), 1749–1789.
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Ethereum’s Altair upgrade takes it closer to Ethereum 2.0Cryptocurrency Prices Today: Ethereum gains nearly 11% in the last weekCryptocurrency prices today: Ethereum rises over 8%, Solana adds more than 16%What Ethereum 2.0 will be likeCryptocurrency prices today: Ethereum gains over 9%, Bitcoin adds more than 4%
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Bitcoin was trading 3.7% higher Friday morning. The price was around $61,200 per coin.
Traders can choose strategies such as day trading, where positions are opened and closed within a day for quick profits, or go for a scalping strategy, taking small profits from a large number of trades. Other strategies include trend trading, swing trading, and position trading.
Bitcoin is a good indicator of the crypto market in general, because it’s the largest cryptocurrency by market cap and the rest of the market tends to follow its trends.
Yet some crypto watchers have raised red flags over SafeMoon’s unusual structure. It charges a 10 per cent fee to buy tokens and another 10 per cent to sell — almost unheard of in the digital currency world. Half of these fees are paid to owners as an incentive to keep holding and the other half goes into a liquidity pool controlled by the developers. SafeMoon calls itself a DeFi token, or one that uses decentralized finance to govern functions through software, but it has a chief executive officer and chief operating officer. Critics also worry about the discretionary nature of the “manual” coin burns used to adjust its circulation. After 19,000% early gain, crypto SafeMoon’s rules to tamp down selling raise red flags Back to video
His appointment with Binance was seen as a sign that Binance was seeking an image of greater transparency through hiring well-regarded regulators to senior roles.
Next PostNext Elon Musk announced, Tesla is reconsidering Bitcoin as Payment after Miners Turn 50 % Green. Recent Posts Top Cryptocurrency Exchanges For Trading Cryptocurrencies Ten Serious Mistakes You Need to Avoid When Trading Altcoins in 2022 DeFi literacy: Universities initiate education on Decentralized Finance (DeFi) Babylon Project 2.0 Invites Global Blockchain Innovators Ethereum vs Solana vs Cardano — who is DeFi’s favourite?
Disclosure: At the time of writing, the author of this feature owned BTC and ETH.
On Thursday, Brooks made the announcement in a statement describing his new employer as an established leader in the digital asset industry, renowned for its sustained research and development efforts and best-in-class proprietary technologies.
If an investor believes in the technology-backed digital currency, then cryptocurrency should be his cup of tea. Just a decade-old asset class, it has yielded astronomical returns over the years. Some investors look to use these digitally coded tokens to hedge against inflation. Despite high volatility and speculations, there are multiple reasons that they can become mainstream in the coming future.
Disclosure: At the time of writing, the author of this feature owned BTC and ETH.
If current trends continue, observers predict that the last Bitcoin unit will be mined sometime in the mid-22nd century, for instance — not exactly around the corner.
The value of cryptocurrency is also driven by scarcity. This alludes to the cryptocurrency’s finite mechanism. The Bitcoin protocol sets the maximum amount of BTC that can be mined at 21 million. Therefore, as more people enter the crypto space, Bitcoin’s scarcity will inevitably increase, causing its price to increase. Some coins also use the burning mechanism to increase their value by destroying a portion of the supply.