Two Penny Stocks Bitcoin Investors Might Want To Follow
Buying bitcoin and other major cryptocurrencies in 2020 has proven to be a winning strategy. But crypto investors looking to diversify their digital currency exposure should consider including stocks that offer exposure to specific companies with ties to cryptocurrencies. Penny stocks with small exposure to cryptocurrencies like Overstock.com (NASDAQ: OSTK) soared during the recent crypto boom. Investors hoping to find the next hidden gem have several penny stocks to watch. Canaan and Ebang International Holdings […]
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“I don’t think there’s any amount of research that you can do to protect yourself from these ultra low cap [assets], except getting in really, really early,” said Jordan Belfort. Former stockbroker Jordan Belfort, known colloquially as the “Wolf of Wall Street” has likened low market cap crypto assets to penny stocks due to their extreme price volatility. Penny stocks refer to highly speculative shares priced under $1 from small and unknown companies. Generally they either fetch massive returns for investors or crash and burn dramatically. Belfort's rise to prominence in the 90s and....
Bitcoin and Crypto's are like no other currency or asset out there - they are the penny stocks of today and instead of moving on the machinations of a Wolf of Wall Street boiler room, they move on the whims of everyone and anyone as well as the charts of the technical analysts and the press. The “Holy Grail” of trading is knowing something is going to happen before it happens – so Gordon Gecko’s listen up. The world over, analysts investors and traders are always looking to find the best way to be more sure of what tomorrow brings, with black boxes churning through petabytes of data to....
Following the comments received by the SEC, the commission has extended the time required for its decision making process regarding Bitcoin ETFs. A Brazilian professor is receiving flacks from the Bitcoin community for comparing the digital currency with Ponzi schemes and penny stocks. Jorge Stolfi, professor at State University of Campinas, and a staunch Bitcoin critic, said in an ETF filing that Bitcoin is a “speculative trading asset, and the value of which is “based on expectations of traders”. He went on saying that Bitcoin should be regulated the same way a Ponzi fund or a Penny....
The amount of respondents who said they would be more likely to invest their money in crypto than traditional stocks increased 140% in just five months. New research by consumer data aggregator CivicScience has found that a growing number of investors are selling their shares to purchase more crypto. The research questions were sent to people over 18 years old in the U.S. at varying times during 2021. The results were weighted by U.S. census data. Each question had between 1000 and 40,600 respondents. Out of 3,700 respondents surveyed, the number who said they would be more likely to....
Collecting physical Bitcoin memorabilia is quite a fun experience. Not every collector wants to get their hands on these items from a monetary perspective, as there are many bits and bobs to collect which hold no intrinsic value on their own. The Bitcoin Penny is one of those commemorative coins that are cheap, have no Bitcoin value stored on them, nor....