What’s Stupider Than a Carnival Cruise This Pandemic? Investing in the Stock

Cruise line stocks close their worst month in history with staggering double-digit declines. Carnival Cruises leads the collapse with a 33% decline as its infected ships beg for entry into Florida. Florida’s governor DeSantis will only allow Floridians ashore. And the U.S Coast Guard is advising the ships to stay at sea — even as bodies pile up on board. The industry may never recover from this PR nightmare. And the Trump administration is unlikely to offer a bailout. The cruise industry has once again led the market to new…

Bitcoin Momentum Investing — Does Buy the Dump, Sell the Pump Work?

This week as equities markets plummeted across the globe, Bitcoin (BTC) price also faced a sharp correction. Over the past week Bitcoin price has dropped $1,500 and currently trades at $8,454, a new four week low.  Since the start of the year Bitcoin and most major altcoins showed an impressive gain in price, leading analysts to suggest that a bull-run was brewing for 2020, an idea now being challenged by the current pull-back.  As has been the norm, on one side, there are bullish enthusiasts aiming for sky-high valuations; on…

The Warren Buffett Era of Investing is Over. Elon Musk Proved It

Warren Buffett underperformed the stock market by 20 percentage points in 2019. His classic ‘value investing’ strategy is no longer effective in this new financial market. The rapid rise of innovation and growth stocks like Tesla usher in a new era of investing methodology. For decades, Warren Buffett has been the king of investing. But the strategy that made him the third-richest man on the planet is dead. Buffett underperformed the stock market by 20 percentage points last year. And he missed most of the biggest success stories of the…

Buy the Pump, Sell the Dump — Does Momentum Investing Work in Bitcoin?

Since the start of the year, Bitcoin (BTC) price has been as high as $9,200 — a 2-month high — while going as low as $6,900 on Jan. 3. Bitcoin’s volatility is one of the most frequently discussed issues that arise when investors evaluate Bitcoin as an asset class. However, its volatile behavior is what provides an opportunity for investors to take advantage of the price movements and make a profit.  Following predictions as optimistic as the $100,000 forecast based on the stock-to-flow model, investors may foresee another period of…

More Than Half of Financial Advisors Want Better Regulation Before Investing in Crypto

More than half of financial advisors in the U.S. are too spooked by regulatory uncertainty to initiate or expand their cryptocurrency investments, a new study by Bitwise Asset Management found. The annual survey, released Tuesday, asked 415 advisors a range of questions on their crypto sentiments, including where they think the market is going, how their clients approach crypto, and what it would take for them to invest more in the space. Bitwise found that advisors are increasingly bullish on bitcoin’s future but hesitant to invest in it – for…

Hundreds of Institutions Are Already Investing in Crypto: Coinbase CEO

In an extensive blog post about potential major trends in the cryptocurrency space in 2020, Coinbase CEO Brian Armstrong said that hundreds of institutional investors are already investing in the crypto market. Throughout 2019, with the launch of Bakkt, much of the year’s narrative surrounded the entrance of institutions into the crypto sector. According to the CEO of one of the biggest cryptocurrency exchanges globally, institutions are already actively investing in the emerging asset class and the trend is likely to continue throughout 2020. Will institutions further bolster the crypto…

What Do Women Want? More Educational Materials Before Investing in Bitcoin

The survey of 1,100 people did not specify how many of them were women. The people were surveyed between March 28 and April 3, 2019. All respondents were between the ages of 25 and 64 and were involved with some form of personal investing, with at least $10,000 in household investable assets (excluding workplace retirement plans or real estate), and at least $50,000 in household income.  Author: Paddy Baker Source link

Veteran Trader Shares Tips on how to Profit from Bitcoin and Altcoin investing

Successful traders treat trading like a business and part of treating your trading like a business involves keeping a journal. While everyone has a different format and preference, I generally use an Excel spreadsheet to help with calculations and provide organizational clarity. Crypto investors are always curious about each other’s positions and typically these conversations take place in private DMs and telegram chats. The goal here is to provide some transparency on my trading routine and I hope traders find the process of observing each step of every trade educational. …

Coinbase Not Currently Investing in Decentralized Exchange Sector, Executive Confirms

United States cryptocurrency exchange Coinbase is not planning to launch a decentralized exchange (DEX), a senior executive told cryptocurrency news media outlet The Block in an interview on May 29. Speaking on a range of topics around Coinbase’s activities, Emilie Choi, the company’s vice president of Business, Data & International, said that despite acquiring P2P platform Paradex last year, decentralized trading is not a priority. “I think the decentralized exchange space, it’s gonna be interesting to watch it play out. I think it has a lot of potential,” she said.…

Tether Limited “Investing” in Bitcoin (BTC) is a Bullish Signal

Bitcoin (BTC) ranging but stable A portion of Tether reserves was used to invest in Bitcoin (BTC) Tether and iFinex, the parent company, are controversial though they play a crucial role in the ecosystem. Despite their claim that every USDT in circulation is pegged 1:1 against the USD, it appears that they are also investing in Bitcoin and other assets according to the latest Supreme Court transcript. Bitcoin Price Analysis Fundamentals The controversy around Tether Limited, the official issuer of USDT or Tether, appears to be perpetual. A few weeks…