Many investors see Bitcoin’s price swings as part of the game, but “volatility is tough for individual investors to deal with,” Noble says. Like Yang, he warns against selling too fast.
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“This is a legitimate technology–it’s going to expand,” he says, “My longer-term view is nowhere near where some of [my current] views are.” It could even perhaps hit $10,000 again, he says. But that will probably take a few years. For now, we wait and see.
There's already a meme coin named after Elon Musk's new Twitter handle - and it jumped 825% in its 1st day of trading
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Every trade contributes towards auto-generating liquidity that goes into multiple pools used by exchanges
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Mr Rocket also cited some concerns over whether there is a "strong liquidity pool" or not.
El Salvador's move to adopt Bitcoin is the first time Bitcoin has been adopted as a legal tender in a sovereign nation.
Exclusive-Didi prepares to relaunch apps in China, anticipates data probe will end soon -sources
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Google Trends returns data with different granularity depending on the historical time interval queried: daily search volumes are returned for queries under 90 days and weekly search volumes for queries of length over 90 days. However it is possible to reconstruct daily data for long time intervals using a combination of daily and weekly data and the method described and validated by [4]: Daily data is retrieved in buckets of under 90 days, and weekly data is also retrieved for the complete time interval of interest. Then using the daily data, the percentage change of each day in a week from the first day of the week is calculated; these percentage changes are then applied to the weekly data to build a daily time series over a longer period.
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Regulatory announcements can also affect the price of cryptocurrency in already volatile markets. Market volatility is why investing experts recommend keeping any cryptocurrency investments to less than 5% of your total portfolio and never invest anything you’re not OK with losing.
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Brooks quit his role at San Francisco-based Binance.US, citing "differences over strategic direction" in the Twitter post. He worked only three months at the company, which is the American counterpart to Binance — the Chinese company that operates the largest cryptocurrency exchange by volume.
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