DCA Isn’t As Effective As Going All In On Bitcoin
The commonly-cited method of dollar-cost averaging might be less effective than lump-sum purchases.It is fashionable in bitcoin circles these days to join the DCA army: to dollar-cost average your savings into bitcoin. If you put away a little bit at a time, even trifling amounts like $1, $5, or $10 a day, you can grow your stash into very impressive fortunes. It makes for a smoother journey, and it overcomes the psychological barrier of buying at (what until two minutes ago seemed like) very high prices. DCAing is an investment strategy that bitcoiners inherited from the world of....
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Initial Coin offering? Initial Crowdfunding offering? Initial Crypto Offering? Who cares you just want to fund your new project, right? You can get a loan, sure. Although for some that isn’t even an option and even if it was putting interest to work against you can be a dangerous proposition, especially before your idea has gotten off the ground. You can get your friends and family to invest but this also assumes you have a social network with ample disposable income. You can always sell equity in your new company… but you will likely run afoul of numerous regulatory laws (especially if....
An African regulator has told members of the six-nation Economic and Monetary Community of Central Africa (CEMAC) that a ban on cryptocurrencies is still effective. The regulator said the prohibition is designed to ensure financial stability is maintained within the economic bloc. COBAC to Set Up System to Identify Crypto Transactions An African regulator, the Banking Commission of Central Africa (COBAC), has reminded members of a regional economic bloc that includes the Central African Republic (CAR) that its ban on cryptocurrencies remains in effect. The regulator’s latest....
A portfolio manager and member of Blackrock’s Global Allocation Fund says gold is now a less effective hedge against inflation as well as moves in other assets such as stocks. In comments that appear to undercut the precious metal’s renowned status, Russ Koesterich claims that “gold’s ability to hedge against inflation has been somewhat exaggerated.” Gold Less Reliable Across Most Investment Horizons While Koesterich is still cognizant of gold’s status as a “reasonable store of value over the very long-term,” he does however opine that....
India’s finance minister has informed parliament that the central bank, the Reserve Bank of India (RBI), wants cryptocurrencies to be prohibited. However, she noted that “any legislation for regulation or for banning can be effective only after significant international collaboration.”
Indian Finance Minister on Crypto Ban and Regulation
Indian Finance Minister Nirmala Sitharaman answered some questions about cryptocurrency on Monday in Lok Sabha, the lower house of India’s parliament.
Parliament Member Thirumavalavan Thol asked the finance....
After over two years of building the Bitcoin Foundation as part of the founding leadership and then as executive director, Jon Matonis decided to step down and submitted his resignation as executive director of the Bitcoin Foundation, effective October 31, 2014 and as a board member effective December 31, 2014. His board seat will now be included in the January 2015 election along with board seats currently occupied by Peter Vessenes and Gavin Andresen. Matonis said: