“You have a high chance of losing it all, but a small chance of winning it big,” says Nate Nieri, a CFP with Modern Money Management in San Diego, California. “Don’t gamble an amount that would burden your family or prevent you from achieving your goals” if you lost it all, he says.
New Delhi: Major cryptocurrencies witnessed a fall on Thursday amid global inflation concerns, which made other currencies and gold attractive. Barring Solana, all other nine out of the top 10 cryptocurrencies were trading lower at 9.30 hours IST. Cardano, Dogecoin and Polkadot shed up to 5 per cent each.
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Insurance and risk management for digital assets will increase investor confidence, said OneDegree.
Bitcoin’s surge to $69,000 took bears by surprise and cemented bulls expected $400 million profit at Friday’s $1.2 billion options expiry.
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Musk reaffirmed his belief that cryptocurrency has a “promising future” but that it “cannot come at great cost to the environment”, in his Twitter post.
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This breakout happened in the recent weekend and consequently the uptrend resumed and Bitcoin is now on way to challenge its previous life high yet again.
ITV Good Morning Britain flooded with complaints to Ofcom over Dr Hilary and Richard Madeley chat
It came after the electric car company bought $1.5b (£1.06b) of Bitcoin shares, which in turn sent the market price of both the crypto and Tesla soaring.
“I believe everyone should have a diversified portfolio,” says Daniel Johnson, a financial advisor and founder of RE|Focus Financial Planning in Asheville, North Carolina. Any investment you make should be appropriately weighted against the rest of your portfolio as well as the overall market. Just as you wouldn’t invest all your money in one company, it’s unwise to put every dollar you have into crypto.
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Brits are being warned they risk losing all of their money if they invest in bitcoin and other cryptocurrencies.
A recent statement from President Joe Biden read: “Cyber threats can affect every American, every business regardless of size, and every community.”
Ensuring CBDCs are legally recognised as a form of payment alongside banknotes and coins could give the new form of money an edge ... Top headlines: Paytm IPO subscribed 48% on Day 2; M&M Q2 net surges 8-fold Cryptocurrency market cap hits $3 trn mark for 1st time, Bitcoin on fire