Will Bitcoin Continue to Lose Value?
A quick glance at bitcoin charts reveals that the cryptocurrency has been on a steady decline for the past few months, following its continuous tumble last year. Can bitcoin ever recover or will it continue to lose value? Some industry experts say that bitcoin might lose further ground in terms of dollar value, as the speculative positions are being trimmed. After all, the inherent value of bitcoin probably doesn't lie in its price as a speculative investment but rather in its practical applications in various fields. Bitcoin Downtrend. Bitcoin startups have still been popping up left and....
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Love him or hate him (I frequently do both), philosopher Stefan Molyneux makes an interesting point when he says that while many stand to see incredible lifestyle gains from Bitcoin, others stand to lose. And it’s those who stand to lose who will try to foil Bitcoin at every turn. But, Molyneux says, many in the Bitcoin community are mistakenly seeing the blatant attempts to hamper Bitcoin’s growth as positive signs. Who exactly stands to lose by mainstream adoption of cryptocurrency? Well, if they choose not to adapt to new trustless systems, employees in trust-based industries like....
Martingale betting is a class of betting strategies that originated in 18th century France which can turn any game, whether blackjack, roulette or anything else, ideally something played in short, discrete rounds with a roughly 50-50 win/lose ratio, into one which gave the gambler an almost certain chance of success. The way the algorithm works is like this. Imagine that you are playing a simple slightly biased coin toss game where you can bet any amount of money and if you land heads (49% chance) you win and if you land tails (51% chance) you lose. First, you bet one dollar. If you win,....
Jokes aside, you already know how to secure and protect your crypto investments. Now, it’s time to talk about how to lose them all. Let’s say you want to lose your Bitcoin (BTC) totally, irretrievably and forever. Hey, it’s not our place to wonder why. Maybe it’s part of some elaborate performance art piece, like the guy who destroyed all his possessions or perhaps you’ve always been big fans of electronic music outfit The KLF, who famously burned 1 million pounds on a remote Scottish island. Or, your reason might be more mundane and you simply don’t want your soon-to-be-divorced spouse to....
Joseph Hall believes that the SEC is not yet equipped to handle litigation in cases concerning cryptocurrencies as securities yet, making it hard to win the case against Ripple. A former executive from the Securities and Exchange Commission believes the regulator has a good chance of losing its $1.3 billion lawsuit against Ripple “on the merits” of the case.Attorney Joseph Hall also voiced concerns over what the SEC’s endgame could be regarding the high-stakes case against Ripple (XRP), which will have ramifications for the entire industry. The lawsuit alleges that the company and its....
With Bitcoin’s impressive recovery characteristic, could having it and other digital assets in an investment portfolio speed up the recovery time of the entire portfolio? When investing in financial markets, people often underestimate the possibility that, over a period of time, the investment may lose its value, and it will take time to recover temporary losses. The deeper the loss becomes, the more energy required to recover the losses increases out of proportion. If I invest $100 and lose 10%, I end up with $90 (whether I keep the investment or liquidate it). So, to get back to $100,....