Digital asset investment firm Morgan Creek Digital Assets is so certain in crypto’s upside that it has placed a $ 1 million bet that its cryptocurrency index will outperform the S&P 500 over the next 10 years. The million-dollar gamble is designed to mimic the “Buffett Bet,” where Warren Buffett famously wagered $ 1 million against asset manager […]
SludgeFeed
Media Outlets Blast Bitcoin as Stocks Approach Bear Market Territory
The mainstream media narrative regarding Bitcoin (BTC) and other cryptocurrencies has largely been the same since last year’s bull run, drawing erroneous comparisons between the blockchain industry and the infamous dot-com bubble or worse, the Beanie Baby bubble. The headlines have gotten worse in recent weeks as the crypto market has added further losses fueled by the […]
SludgeFeed
Not Just Bitcoin: FAANG Stocks are Down $1 Trillion from Yearly Highs
As the crypto market reels from a weeklong downturn that has forced the bitcoin price to its lowest point in almost 14 months, it appears that traditional markets do not intend to welcome investors back with open arms. Markets Erase Year-to-Date Gains Following yet another decline on Tuesday, the Dow Jones Industrial Average, S&P 500,
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Where’s the Bottom? Investors Search for Answers as Bitcoin Price, FAANG Stocks Plunge
The Monday Massacre reverberated throughout equities markets today, leaving its mark not only on the bitcoin price — which dropped below $ 5,000 for the first time this year — but on tech stocks as well. Recent Bitcoin Price Drop Attracts Bearish Analysis To make matters worse, the bitcoin price has not yet bottomed out, according
The post Where’s the Bottom? Investors Search for Answers as Bitcoin Price, FAANG Stocks Plunge appeared first on CCN
U.S. Stocks on Track for the Worst Month Since the Financial Crisis
Following a highly volatile day of trading, the S&P 500 finished down 0.85% on Monday, bringing the total monthly losses to 9.1%. This puts the index on track for its worst month since February 2009, at the height of the Financial Crisis. Today’s losses came after a midday statement from the White House, indicating that the […]
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Bitcoin’s Price Breaks Through Key Support As Stocks Go South
Risk aversion in the US stock markets yesterday may have worked in favor of the bitcoin bears.
CoinDesk
Tilray & Marijuana Stocks Smoke Cryptocurrency, Then Go Poof
The financial markets were ablaze this week with high volatility in cannabis shares unseating cryptocurrency as the trade of choice. References to cannabis in news articles were almost double that of cryptocurrency. But big falls on Friday, coupled with almost unilateral gains across crypto, showed how schizophrenic the weed market can be.
Tilray. When Lambo?
Tilray was the name on everyone’s lips this week. On Tuesday the Canadian company announced DEA approval to export a cannabinoid study drug into the US for clinical tests. TLRY stock jumped from around $ 120 to almost $ 300, as it saw $ 15 billion in volume from Monday to Thursday.
Robinhood Is Struggling to Execute Trades of Marijuana Stocks as Demand Surges
Forget cryptocurrencies. The irrational exuberance found within the marijuana sector has hit extraordinary levels. So much so that Robinhood, a leading commission-free trading app that is most popular among millennials, is reportedly struggling to keep up with the demand for marijuana stocks. On Wednesday, Robinhood was forced to suspend trading for Aurora Cannabis (ACBFF), a leading marijuana company […]
SludgeFeed
Nocoiners: Investing in Bitcoin is Gambling, Better Go With These Stocks
Bitcoin has been an object of serious criticism across the board for a range of reasons. Most notably, though, the first and foremost cryptocurrency faces a barrage of judgment due to its price volatility. Traditional and more conservative investors are taking the chance to label Bitcoin as an incredibly risky investment, as the cryptocurrency lost around 70 percent of its value since January. But how risky is Bitcoin exactly?
Cryptocurrency Investing is Gambling
A recent article on popular finance insight publication The Motley Fool expressed serious concerns about investing in cryptocurrencies. Bitcoin, the largest digital currency by means of market capitalization, was the main object of criticism.
Millennials Much More Interested in Cryptocurrencies, Could Care Less About Stocks
When it comes to investing among millennials, traditional stocks take a back seat to Bitcoin and other cryptocurrencies.
A Lack of Trust in Wall Street
While many older individuals see the volatile cryptocurrency market as proving too wild for their taste, millennials prefer to put their money in Bitcoin and alternative cryptocurrencies (altcoins) – as opposed to established stocks and bonds.
As is the case with this writer, many millennials have become disillusioned with the traditional stock market after the 2008 financial crisis – which happened while many millennials had only recently finished high school.
Aaron Fifield – Chat With Traders · Conversations with talented traders—in stocks, futures, options, forex and crypto markets.
Aaron Fifield – Chat With Traders · Conversations with talented traders—in stocks, futures, options, forex and crypto markets.
from Chat With Traders · Conversations with talented traders—in stocks, futures, options, forex and crypto markets.
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Traditional Financial Markets Are as Volatile as The Bitcoin Price
Most everyday consumers are wary of Bitcoin because its price has turned out to be quite volatile. While this statement is true for the most part, Bitcoin is far from the only currency in existence that is suffering from a volatile price. Nearly every fiat currency, precious metal, digital asset, or anything issued by a bank or government is constantly fluctuating in price as well. Anyone in the world can openly track the Bitcoin price, and see which part of the world is influencing it.
Make sure to read: ABN Amro’s Arjan van Os: “Bitcoin is Ancient History To Us.”
Bitcoin Collateral Trading Platform First Global Credit Reaches Major Milestones
Over the years, many companies have been trying to use Bitcoin as a collateral for trading. Not many of those companies have succeeded, as there is quite a technological hurdle to overcome. Plus, there is not a huge demand for such a service either. First Global Credit is dedicated to creating a capital market for Bitcoins.
First Global Credit – Increasing the Value of Investment Portfolios
The main reason why a company such as First Global Credit has been eyeing Bitcoin is because the staff running this platform recognized the value of this disruptive digital currency. Because of that, the company will empower their clients to use Bitcoin in the same way as they would fiat currency, with the goal of increasing the investment portfolio value.