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CHENGHOE

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2021-06-17

It time to go for retraining again.

抱歉，原内容已删除

2021-05-25

Crypto will not bursts, it is the new trend. And soon more and more people will accept crypto as part of their life.

10 Reasons the Cryptocurrency Bubble Is Bursting

2021-05-21

I still haven't earn any profit since I bought the stock it is still under performance.

Cathie Wood’s Ark Is Buying Coinbase, Should You?

2021-05-20

Bitcoin will soon recover and keep hodl, don't panic and dump.

Why is crypto crashing? Will bitcoin prices ever recover? Here's what traders and investors say

2021-05-17

My view is wait for a while it will still dip further and but will end soon and so time to buy in. Bitcoin is a valuable asset to own and it will grow in long term. Hodl you will gain more than lose.

Bitcoin Tumbles After Musk Implies Tesla May Sell Cryptocurrency

2021-05-06

It is a coin to watch for other than doge coin.

Is Ethereum Classic's Outpacing Of Bitcoin, Ethereum, Dogecoin Gains All About Being 'Cheaper?'

2021-05-05

It worth to buy at this time, as it is pumping this few day grab some money and dump it.

Why is dogecoin’s price spiking? The crypto has surged 11,000% in 2021

2021-04-29

Bitcoin seem slowing down，ETH coming very strong this week.

Digital currency ether hits a record high, stealing bitcoin's limelight

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time to go for retraining again.","listText":"It time to go for retraining again.","text":"It time to go for retraining again.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/161245109","repostId":"1186659190","repostType":4,"isVote":1,"tweetType":1,"viewCount":493,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":138115913,"gmtCreate":1621917161832,"gmtModify":1634185502772,"author":{"id":"3581561214996277","authorId":"3581561214996277","name":"CHENGHOE","avatar":"https://static.tigerbbs.com/96f6b5364f0ba041d6ae45f7d4302867","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581561214996277","authorIdStr":"3581561214996277"},"themes":[],"htmlText":"Crypto will not bursts, it is the new trend. And soon more and more people will accept crypto as part of their life.","listText":"Crypto will not bursts, it is the new trend. And soon more and more people will accept crypto as part of their life.","text":"Crypto will not bursts, it is the new trend. And soon more and more people will accept crypto as part of their life.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/138115913","repostId":"2137132568","repostType":4,"repost":{"id":"2137132568","kind":"highlight","pubTimestamp":1621915020,"share":"https://www.laohu8.com/m/news/2137132568?lang=&edition=full","pubTime":"2021-05-25 11:57","market":"us","language":"en","title":"10 Reasons the Cryptocurrency Bubble Is Bursting","url":"https://stock-news.laohu8.com/highlight/detail?id=2137132568","media":"Motley Fool","summary":"This might be more than just a \"healthy pullback.\"","content":"<blockquote><b>This might be more than just a \"healthy pullback.\"</b></blockquote><p>For more than 100 years, the stock market has been <a href=\"https://laohu8.com/S/AONE\">one</a> of the greatest wealth creators in this country. Stocks might have taken a back seat to housing, oil, gold, or other assets for brief periods of time over the past century, but they've delivered the highest consistent returns of any investment vehicle.</p><p>That is until cryptocurrencies came along a little over a decade ago.</p><p>The emergence of <b>Bitcoin</b> (CRYPTO:BTC), <b>Ethereum</b> (CRYPTO:ETH), <b>Dogecoin</b> (CRYPTO:DOGE), and a host of other digital currencies have paved the way for once-in-a-lifetime gains. For instance, a $155 investment in Bitcoin at $1 would have been worth over $1 million when it hit $64,800 a token in mid-April.</p><p>But over the past two weeks, cryptocurrencies have fallen off a cliff. Some would call this a natural pullback after a monstrous run higher. I have a different name for it: a popping bubble.</p><p>While there is no shortage of enthusiasts who believe digital currencies are the greatest thing since sliced bread, I believe the crypto market is imploding for 10 very good reasons.</p><p><img src=\"https://static.tigerbbs.com/08bd510be5ae746f0867c5de1184417a\" tg-width=\"700\" tg-height=\"464\" referrerpolicy=\"no-referrer\"></p><p>Image source: Getty Images.</p><p>1. There's very minimal real-world utility</p><p>One of the biggest drawbacks of digital currency is that it's virtually useless outside a cryptocurrency exchange. Although we've seen a small number of high-profile companies or organizations accept Bitcoin or Dogecoin, the reality is that the total number of businesses accepting either is microscopic. Approximately 1,300 businesses globally have chosen to accept Dogecoin after eight years, while Fundera found that 15,174 businesses accept Bitcoin, as of December 2020. For some context here, there are an estimated 582 million entrepreneurs worldwide.</p><p>2. Valuations, relative to transaction data, made no sense</p><p>Even though valuation is somewhat subjective, <a href=\"https://laohu8.com/S/AONE.U\">one</a> glance at transaction data for the three most popular cryptocurrencies, relative to payment processing juggernauts such as <b><a href=\"https://laohu8.com/S/V\">Visa</a></b> (NYSE:V) and <b>Mastercard</b> (NYSE:MA), would leave anyone's jaw on the floor.</p><p>The latest Nilson report found that 1.01 billion credit transactions were processed daily in 2018, 700 million of which were handled by Visa and Mastercard. By comparison, Bitcoin, Ethereum, and Dogecoin are processing in the neighborhood of 300,000, 1.4 million, and 50,000 respective transactions on their blockchains each day. All the major cryptos combined can't hold a candle to the processing potential of Visa or Mastercard, yet the Big Three of crypto have a higher combined market value than Visa and Mastercard. That makes no sense.</p><p><img src=\"https://static.tigerbbs.com/ce89a01a16c15dafb27017a6a42cedc3\" tg-width=\"700\" tg-height=\"496\" referrerpolicy=\"no-referrer\"></p><p>Image source: Getty Images.</p><p>3. Businesses have been slow to adopt blockchain</p><p>On paper, blockchain sounds great. On the financial side of the equation, it's a way to expedite the validation and settlement of payments. Rather than waiting up to a week for cross-border payments to settle, they could be resolved in mere seconds or minutes. Blockchain also has nonfinancial applications. Ethereum's smart contract-driven blockchain might be the key to one day unlocking supply chain bottlenecks.</p><p>However, what sounds great on paper doesn't always translate into real-world success. Blockchain continues to suffer from a Catch-22. Businesses won't adopt it till the technology is proven on a broad scale, but no businesses will abandon their existing (and proven) infrastructure to effectively be the guinea pig. Until blockchain matures, big business will keep its distance.</p><p>4. There's virtually no barrier to entry</p><p>Aside from minimal utility, my biggest personal gripe with crypto is there's no barrier to entry. Anyone with the time to code can develop a blockchain and, potentially, a tethered token. According to CoinMarketCap, there are almost 10,000 different cryptocurrencies in its system. While many aren't trading much, if at all, that's an insane number of potential competitors to Bitcoin, Dogecoin, and Ethereum, with the likelihood of many more to come.</p><p>In short, the crypto space is constantly being diluted by an unlimited amount of competition.</p><p><img src=\"https://static.tigerbbs.com/614d7f34734e33d740f7f9c02ed3f8fd\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\"></p><p>Image source: Getty Images.</p><p>5. Centralization remains a problem</p><p>One of the many goals of cryptocurrencies is decentralization. This is to ensure that no one person or small group of people controls a network. Yet according to data from BitInfoCharts.com, ownership in Bitcoin and Dogecoin is fairly centralized. Just 2,155 addresses own almost 42% of all Bitcoin, while 66.6% of all outstanding Dogecoin is owned by only 99 addresses. It's possible folks are waking up to the fact that these financial experiments aren't as decentralized as they were intended to be.</p><p>6. Elon Musk is tugging at heartstrings</p><p>Another reason the crypto bubble is bursting is that it's been artificially driven by tweets from <b>Tesla</b>&nbsp;CEO Elon Musk.</p><p>At first, Musk was all aboard the Bitcoin train. He purchased $1.5 billion Bitcoin for Tesla's balance sheet in February and announced that the company would begin accepting Bitcoin for electric vehicle purchases a month later. Then, after 49 days, he tweeted that Tesla would no longer accept Bitcoin because of the adverse environmental impacts of mining it. He's since turned his attention to Dogecoin.</p><p>The fact that tweets with little or no substance are creating and erasing hundreds of billions of dollars in crypto market value would seem to indicate that a bubble has been brewing for some time.</p><p><img src=\"https://static.tigerbbs.com/4c7f03bc8a60bee0f293f0582f185505\" tg-width=\"700\" tg-height=\"474\" referrerpolicy=\"no-referrer\"></p><p>Image source: Getty Images.</p><p>7. Not all governments are OK with crypto</p><p>The crypto bubble is also popping because some governments aren't OK with allowing cryptocurrencies to undermine their own central bank-backed currencies. Last week, China sent the crypto market into a tailspin after prohibiting banks and online payment channels in the country from offering any services related to the cryptocurrency industry. It should be noted that a lot of Bitcoin mining occurs in China.</p><p>And China's far from alone. Turkey recently enacted a ban on crypto payments. Meanwhile, countries including Bolivia, Ecuador, Nigeria, and Algeria have effectively banned digital currencies. This trend makes the global use case for crypto unlikely.</p><p>8. There are no identifiable real-world correlations</p><p>Yet another issue with crypto is there are no readily identifiable real-world correlations.</p><p>For example, we know that gold and the U.S. dollar have an inverse relationship to one another. When the dollar is declining in value, gold is very likely rising in value. This is a correlation that's been established over a long period of time.</p><p>Bitcoin, Ethereum, and Dogecoin don't have these correlations. Enthusiasts like to point out how crypto is a hedge against inflation, but they forget that Bitcoin has both risen and fallen when the money supply expanded rapidly or slowly. Crypto is driven by emotion and technical analysis, primarily because it has no real-world correlations.</p><p><img src=\"https://static.tigerbbs.com/b04ade705354c4825038c4dfcd0187d9\" tg-width=\"700\" tg-height=\"500\" referrerpolicy=\"no-referrer\"></p><p>Image source: Getty Images.</p><p>9. Leverage is haunting the crypto market</p><p>The cryptocurrency implosion can also be blamed on investors who are over-levered. Some of the most popular crypto exchanges will allow customers to use 50 to 125 times leverage on their actual account equity. While this isn't an uncommon amount of leverage in forex, where currencies move in fractions of a cent, it's absolutely ludicrous for crypto, which can move 3% in the blink of an eye.</p><p>According to data from Bybt.com, via Bloomberg, over 887,000 accounts totaling $9.4 billion in aggregate crypto assets were liquidated as a result of leverage-based margin calls on May 19. Because of this insane leverage, it doesn't take much for things to go south quickly for the crypto market.</p><p>10. Investors always overhype new tech</p><p>Finally, investors frequently overestimate the adoption of new technology. Though there is no shortage of people hyped up about blockchain, it's been more than a half-decade and the blockchain buzz hasn't materialized into meaningful enterprise usage. It takes all next-big-thing technology time to mature, and crypto will be no different.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>10 Reasons the Cryptocurrency Bubble Is Bursting</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n10 Reasons the Cryptocurrency Bubble Is Bursting\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-25 11:57 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/05/24/10-reasons-the-cryptocurrency-bubble-is-bursting/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>This might be more than just a \"healthy pullback.\"For more than 100 years, the stock market has been one of the greatest wealth creators in this country. Stocks might have taken a back seat to housing...</p>\n\n<a href=\"https://www.fool.com/investing/2021/05/24/10-reasons-the-cryptocurrency-bubble-is-bursting/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"V":"Visa","GBTC":"Grayscale Bitcoin Trust","COIN":"Coinbase Global, Inc."},"source_url":"https://www.fool.com/investing/2021/05/24/10-reasons-the-cryptocurrency-bubble-is-bursting/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2137132568","content_text":"This might be more than just a \"healthy pullback.\"For more than 100 years, the stock market has been one of the greatest wealth creators in this country. Stocks might have taken a back seat to housing, oil, gold, or other assets for brief periods of time over the past century, but they've delivered the highest consistent returns of any investment vehicle.That is until cryptocurrencies came along a little over a decade ago.The emergence of Bitcoin (CRYPTO:BTC), Ethereum (CRYPTO:ETH), Dogecoin (CRYPTO:DOGE), and a host of other digital currencies have paved the way for once-in-a-lifetime gains. For instance, a $155 investment in Bitcoin at $1 would have been worth over $1 million when it hit $64,800 a token in mid-April.But over the past two weeks, cryptocurrencies have fallen off a cliff. Some would call this a natural pullback after a monstrous run higher. I have a different name for it: a popping bubble.While there is no shortage of enthusiasts who believe digital currencies are the greatest thing since sliced bread, I believe the crypto market is imploding for 10 very good reasons.Image source: Getty Images.1. There's very minimal real-world utilityOne of the biggest drawbacks of digital currency is that it's virtually useless outside a cryptocurrency exchange. Although we've seen a small number of high-profile companies or organizations accept Bitcoin or Dogecoin, the reality is that the total number of businesses accepting either is microscopic. Approximately 1,300 businesses globally have chosen to accept Dogecoin after eight years, while Fundera found that 15,174 businesses accept Bitcoin, as of December 2020. For some context here, there are an estimated 582 million entrepreneurs worldwide.2. Valuations, relative to transaction data, made no senseEven though valuation is somewhat subjective, one glance at transaction data for the three most popular cryptocurrencies, relative to payment processing juggernauts such as Visa (NYSE:V) and Mastercard (NYSE:MA), would leave anyone's jaw on the floor.The latest Nilson report found that 1.01 billion credit transactions were processed daily in 2018, 700 million of which were handled by Visa and Mastercard. By comparison, Bitcoin, Ethereum, and Dogecoin are processing in the neighborhood of 300,000, 1.4 million, and 50,000 respective transactions on their blockchains each day. All the major cryptos combined can't hold a candle to the processing potential of Visa or Mastercard, yet the Big Three of crypto have a higher combined market value than Visa and Mastercard. That makes no sense.Image source: Getty Images.3. Businesses have been slow to adopt blockchainOn paper, blockchain sounds great. On the financial side of the equation, it's a way to expedite the validation and settlement of payments. Rather than waiting up to a week for cross-border payments to settle, they could be resolved in mere seconds or minutes. Blockchain also has nonfinancial applications. Ethereum's smart contract-driven blockchain might be the key to one day unlocking supply chain bottlenecks.However, what sounds great on paper doesn't always translate into real-world success. Blockchain continues to suffer from a Catch-22. Businesses won't adopt it till the technology is proven on a broad scale, but no businesses will abandon their existing (and proven) infrastructure to effectively be the guinea pig. Until blockchain matures, big business will keep its distance.4. There's virtually no barrier to entryAside from minimal utility, my biggest personal gripe with crypto is there's no barrier to entry. Anyone with the time to code can develop a blockchain and, potentially, a tethered token. According to CoinMarketCap, there are almost 10,000 different cryptocurrencies in its system. While many aren't trading much, if at all, that's an insane number of potential competitors to Bitcoin, Dogecoin, and Ethereum, with the likelihood of many more to come.In short, the crypto space is constantly being diluted by an unlimited amount of competition.Image source: Getty Images.5. Centralization remains a problemOne of the many goals of cryptocurrencies is decentralization. This is to ensure that no one person or small group of people controls a network. Yet according to data from BitInfoCharts.com, ownership in Bitcoin and Dogecoin is fairly centralized. Just 2,155 addresses own almost 42% of all Bitcoin, while 66.6% of all outstanding Dogecoin is owned by only 99 addresses. It's possible folks are waking up to the fact that these financial experiments aren't as decentralized as they were intended to be.6. Elon Musk is tugging at heartstringsAnother reason the crypto bubble is bursting is that it's been artificially driven by tweets from Tesla CEO Elon Musk.At first, Musk was all aboard the Bitcoin train. He purchased $1.5 billion Bitcoin for Tesla's balance sheet in February and announced that the company would begin accepting Bitcoin for electric vehicle purchases a month later. Then, after 49 days, he tweeted that Tesla would no longer accept Bitcoin because of the adverse environmental impacts of mining it. He's since turned his attention to Dogecoin.The fact that tweets with little or no substance are creating and erasing hundreds of billions of dollars in crypto market value would seem to indicate that a bubble has been brewing for some time.Image source: Getty Images.7. Not all governments are OK with cryptoThe crypto bubble is also popping because some governments aren't OK with allowing cryptocurrencies to undermine their own central bank-backed currencies. Last week, China sent the crypto market into a tailspin after prohibiting banks and online payment channels in the country from offering any services related to the cryptocurrency industry. It should be noted that a lot of Bitcoin mining occurs in China.And China's far from alone. Turkey recently enacted a ban on crypto payments. Meanwhile, countries including Bolivia, Ecuador, Nigeria, and Algeria have effectively banned digital currencies. This trend makes the global use case for crypto unlikely.8. There are no identifiable real-world correlationsYet another issue with crypto is there are no readily identifiable real-world correlations.For example, we know that gold and the U.S. dollar have an inverse relationship to one another. When the dollar is declining in value, gold is very likely rising in value. This is a correlation that's been established over a long period of time.Bitcoin, Ethereum, and Dogecoin don't have these correlations. Enthusiasts like to point out how crypto is a hedge against inflation, but they forget that Bitcoin has both risen and fallen when the money supply expanded rapidly or slowly. Crypto is driven by emotion and technical analysis, primarily because it has no real-world correlations.Image source: Getty Images.9. Leverage is haunting the crypto marketThe cryptocurrency implosion can also be blamed on investors who are over-levered. Some of the most popular crypto exchanges will allow customers to use 50 to 125 times leverage on their actual account equity. While this isn't an uncommon amount of leverage in forex, where currencies move in fractions of a cent, it's absolutely ludicrous for crypto, which can move 3% in the blink of an eye.According to data from Bybt.com, via Bloomberg, over 887,000 accounts totaling $9.4 billion in aggregate crypto assets were liquidated as a result of leverage-based margin calls on May 19. Because of this insane leverage, it doesn't take much for things to go south quickly for the crypto market.10. Investors always overhype new techFinally, investors frequently overestimate the adoption of new technology. Though there is no shortage of people hyped up about blockchain, it's been more than a half-decade and the blockchain buzz hasn't materialized into meaningful enterprise usage. It takes all next-big-thing technology time to mature, and crypto will be no different.","news_type":1},"isVote":1,"tweetType":1,"viewCount":178,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":139305156,"gmtCreate":1621589148775,"gmtModify":1634187843884,"author":{"id":"3581561214996277","authorId":"3581561214996277","name":"CHENGHOE","avatar":"https://static.tigerbbs.com/96f6b5364f0ba041d6ae45f7d4302867","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581561214996277","authorIdStr":"3581561214996277"},"themes":[],"htmlText":"I still haven't earn&nbsp;any profit since I bought the stock it is still under performance.&nbsp;","listText":"I still haven't earn&nbsp;any profit since I bought the stock it is still under performance.&nbsp;","text":"I still haven't earn any profit since I bought the stock it is still under performance.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/139305156","repostId":"1169607285","repostType":4,"repost":{"id":"1169607285","kind":"news","weMediaInfo":{"introduction":"全球第五大财经门户网站Investing.com中国官方微信，提供全球各国海量金融资讯和实时行情数据，包括股票股指、外汇、期货、基金、债券、加密货币等。关注全球金融市场动态的投资者千万不可错过。","home_visible":1,"media_name":"英为财情Investing","id":"92","head_image":"https://static.tigerbbs.com/406e2b4996e14cd8a66a2a6864ef4313"},"pubTimestamp":1621585714,"share":"https://www.laohu8.com/m/news/1169607285?lang=&edition=full","pubTime":"2021-05-21 16:28","market":"us","language":"en","title":"Cathie Wood’s Ark Is Buying Coinbase, Should You?","url":"https://stock-news.laohu8.com/highlight/detail?id=1169607285","media":"英为财情Investing","summary":"Coinbase Global (NASDAQ:COIN) closed Wednesday at a record low after a wild trading session that saw","content":"<p>Coinbase Global (NASDAQ:COIN) closed Wednesday at a record low after a wild trading session that saw the price ofBitcoinswing by about $10,000. The largest US cryptocurrency exchange fell as much as 13% before paring the loss to close down 5.9% at $224.80 amid a broader rout in cryptocurrencies.&nbsp;Yesterday, Coinbase gained about 3.8% to close at $233.39.</p>\n<p>Since its initial public offering last month, Coinbase has lost more than a third of its value. The decline of this magnitude is prompting some proponents of this asset class to jump in and buy this beaten-down stock.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/34645400c459bdd55a45a1fb5649c585\" tg-width=\"1290\" tg-height=\"1094\"><span>COIN 2 Hr</span></p>\n<p>Ark Invest’s Cathie Wood is doubling down on her Coinbase bet, snapping up more shares of the cryptocurrency exchange as its value declines. Wood has purchased more than $90 million of Coinbase since Monday, according to the firm’s trading wrapper.</p>\n<p>The head of Ark Investment Management said in an interview on Bloomberg TV that she still expects the cryptocurrency to reach a price of $500,000.</p>\n<p>She said:</p>\n<blockquote>\n “We go through soul searching times like this and scrape the models, and yes our conviction is just as high.”\n</blockquote>\n<p>Sharp moves in cryptocurrencies should not scare investors away from the strong underlying business of Coinbase, according to investment firm Wedbush. Analyst Moshe Katri, while initiating coverage of the stock this week, assigned an “outperform rating” to it with a price target of $275 a share.</p>\n<p>According to the note:</p>\n<blockquote>\n “We view COIN as a ‘one stop shop’ platform, enabling roughly 56 million retail users, 8,000 institutions, and 134,000 ecosystem partners in over 100 countries to participate in the crypto economy.”\n</blockquote>\n<p><b>Bitcoin Bubble Near Bursting?</b></p>\n<p>These bullish calls have some rationale, but retail investors should note that Coinbase’s revenue is built almost entirely on the performance of Bitcoin andEthereum, which are showing signs of peaking in the current cycle. And if this is the beginning of a bubble being burst, then we still have a long way to go.</p>\n<p>Bitcoin has experienced two crashes of more than 80% in its short history. Another such crash will mean reduced profitability for Coinbase, which generates most of its revenue from trading fees. The extreme volatility this week suggests that a crash of this magnitude is still possible.</p>\n<p>The recent price fall accelerated after Elon Musk, who has a cult-type following in the speculative trading community, said Tesla (NASDAQ:TSLA) would cease accepting Bitcoin as a payment option for its electric cars, pointing to environmental hazards its mining process creates. That sudden U-turn came after months of bullish comments he made about Bitcoin,Dogecoin&nbsp;and other digital currencies, becoming one of the biggest market movers.</p>\n<p>After Musk’s shock came the People’s Bank of China statement that reiterated that digital tokens can’t be used as a form of payment. China has in the past issued other restrictions on cryptocurrencies, but the new ban and the reaction shows the crypto market is still sensitive to regulatory efforts.</p>\n<p>Adding to regulatory concerns is the statement made by US Treasury Secretary Janet Yellen in January during her confirmation hearing that many cryptocurrencies are used “mainly for illicit financing, and I think we really need to examine ways in which we can curtail their use.”</p>\n<p><b>Bottom Line</b></p>\n<p>Coinbase stock has become attractive after a sharp pullback, providing long-term investors a chance to buy this name at a much cheaper price than a month ago when its stock was trading above $400.</p>\n<p>But the ongoing volatility in the market and the possibility of regulatory actions may hurt the company’s revenue going forward. These uncertainties associated with the crypto market make Coinbase only suitable for investors who have a very high risk tolerance and deep pockets to absorb big losses.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cathie Wood’s Ark Is Buying Coinbase, Should You?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCathie Wood’s Ark Is Buying Coinbase, Should You?\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/92\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/406e2b4996e14cd8a66a2a6864ef4313);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">英为财情Investing </p>\n<p class=\"h-time\">2021-05-21 16:28</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Coinbase Global (NASDAQ:COIN) closed Wednesday at a record low after a wild trading session that saw the price ofBitcoinswing by about $10,000. The largest US cryptocurrency exchange fell as much as 13% before paring the loss to close down 5.9% at $224.80 amid a broader rout in cryptocurrencies.&nbsp;Yesterday, Coinbase gained about 3.8% to close at $233.39.</p>\n<p>Since its initial public offering last month, Coinbase has lost more than a third of its value. The decline of this magnitude is prompting some proponents of this asset class to jump in and buy this beaten-down stock.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/34645400c459bdd55a45a1fb5649c585\" tg-width=\"1290\" tg-height=\"1094\"><span>COIN 2 Hr</span></p>\n<p>Ark Invest’s Cathie Wood is doubling down on her Coinbase bet, snapping up more shares of the cryptocurrency exchange as its value declines. Wood has purchased more than $90 million of Coinbase since Monday, according to the firm’s trading wrapper.</p>\n<p>The head of Ark Investment Management said in an interview on Bloomberg TV that she still expects the cryptocurrency to reach a price of $500,000.</p>\n<p>She said:</p>\n<blockquote>\n “We go through soul searching times like this and scrape the models, and yes our conviction is just as high.”\n</blockquote>\n<p>Sharp moves in cryptocurrencies should not scare investors away from the strong underlying business of Coinbase, according to investment firm Wedbush. Analyst Moshe Katri, while initiating coverage of the stock this week, assigned an “outperform rating” to it with a price target of $275 a share.</p>\n<p>According to the note:</p>\n<blockquote>\n “We view COIN as a ‘one stop shop’ platform, enabling roughly 56 million retail users, 8,000 institutions, and 134,000 ecosystem partners in over 100 countries to participate in the crypto economy.”\n</blockquote>\n<p><b>Bitcoin Bubble Near Bursting?</b></p>\n<p>These bullish calls have some rationale, but retail investors should note that Coinbase’s revenue is built almost entirely on the performance of Bitcoin andEthereum, which are showing signs of peaking in the current cycle. And if this is the beginning of a bubble being burst, then we still have a long way to go.</p>\n<p>Bitcoin has experienced two crashes of more than 80% in its short history. Another such crash will mean reduced profitability for Coinbase, which generates most of its revenue from trading fees. The extreme volatility this week suggests that a crash of this magnitude is still possible.</p>\n<p>The recent price fall accelerated after Elon Musk, who has a cult-type following in the speculative trading community, said Tesla (NASDAQ:TSLA) would cease accepting Bitcoin as a payment option for its electric cars, pointing to environmental hazards its mining process creates. That sudden U-turn came after months of bullish comments he made about Bitcoin,Dogecoin&nbsp;and other digital currencies, becoming one of the biggest market movers.</p>\n<p>After Musk’s shock came the People’s Bank of China statement that reiterated that digital tokens can’t be used as a form of payment. China has in the past issued other restrictions on cryptocurrencies, but the new ban and the reaction shows the crypto market is still sensitive to regulatory efforts.</p>\n<p>Adding to regulatory concerns is the statement made by US Treasury Secretary Janet Yellen in January during her confirmation hearing that many cryptocurrencies are used “mainly for illicit financing, and I think we really need to examine ways in which we can curtail their use.”</p>\n<p><b>Bottom Line</b></p>\n<p>Coinbase stock has become attractive after a sharp pullback, providing long-term investors a chance to buy this name at a much cheaper price than a month ago when its stock was trading above $400.</p>\n<p>But the ongoing volatility in the market and the possibility of regulatory actions may hurt the company’s revenue going forward. These uncertainties associated with the crypto market make Coinbase only suitable for investors who have a very high risk tolerance and deep pockets to absorb big losses.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1169607285","content_text":"Coinbase Global (NASDAQ:COIN) closed Wednesday at a record low after a wild trading session that saw the price ofBitcoinswing by about $10,000. The largest US cryptocurrency exchange fell as much as 13% before paring the loss to close down 5.9% at $224.80 amid a broader rout in cryptocurrencies. Yesterday, Coinbase gained about 3.8% to close at $233.39.\nSince its initial public offering last month, Coinbase has lost more than a third of its value. The decline of this magnitude is prompting some proponents of this asset class to jump in and buy this beaten-down stock.\nCOIN 2 Hr\nArk Invest’s Cathie Wood is doubling down on her Coinbase bet, snapping up more shares of the cryptocurrency exchange as its value declines. Wood has purchased more than $90 million of Coinbase since Monday, according to the firm’s trading wrapper.\nThe head of Ark Investment Management said in an interview on Bloomberg TV that she still expects the cryptocurrency to reach a price of $500,000.\nShe said:\n\n “We go through soul searching times like this and scrape the models, and yes our conviction is just as high.”\n\nSharp moves in cryptocurrencies should not scare investors away from the strong underlying business of Coinbase, according to investment firm Wedbush. Analyst Moshe Katri, while initiating coverage of the stock this week, assigned an “outperform rating” to it with a price target of $275 a share.\nAccording to the note:\n\n “We view COIN as a ‘one stop shop’ platform, enabling roughly 56 million retail users, 8,000 institutions, and 134,000 ecosystem partners in over 100 countries to participate in the crypto economy.”\n\nBitcoin Bubble Near Bursting?\nThese bullish calls have some rationale, but retail investors should note that Coinbase’s revenue is built almost entirely on the performance of Bitcoin andEthereum, which are showing signs of peaking in the current cycle. And if this is the beginning of a bubble being burst, then we still have a long way to go.\nBitcoin has experienced two crashes of more than 80% in its short history. Another such crash will mean reduced profitability for Coinbase, which generates most of its revenue from trading fees. The extreme volatility this week suggests that a crash of this magnitude is still possible.\nThe recent price fall accelerated after Elon Musk, who has a cult-type following in the speculative trading community, said Tesla (NASDAQ:TSLA) would cease accepting Bitcoin as a payment option for its electric cars, pointing to environmental hazards its mining process creates. That sudden U-turn came after months of bullish comments he made about Bitcoin,Dogecoin and other digital currencies, becoming one of the biggest market movers.\nAfter Musk’s shock came the People’s Bank of China statement that reiterated that digital tokens can’t be used as a form of payment. China has in the past issued other restrictions on cryptocurrencies, but the new ban and the reaction shows the crypto market is still sensitive to regulatory efforts.\nAdding to regulatory concerns is the statement made by US Treasury Secretary Janet Yellen in January during her confirmation hearing that many cryptocurrencies are used “mainly for illicit financing, and I think we really need to examine ways in which we can curtail their use.”\nBottom Line\nCoinbase stock has become attractive after a sharp pullback, providing long-term investors a chance to buy this name at a much cheaper price than a month ago when its stock was trading above $400.\nBut the ongoing volatility in the market and the possibility of regulatory actions may hurt the company’s revenue going forward. These uncertainties associated with the crypto market make Coinbase only suitable for investors who have a very high risk tolerance and deep pockets to absorb big losses.","news_type":1},"isVote":1,"tweetType":1,"viewCount":468,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":197761783,"gmtCreate":1621486732642,"gmtModify":1634188729151,"author":{"id":"3581561214996277","authorId":"3581561214996277","name":"CHENGHOE","avatar":"https://static.tigerbbs.com/96f6b5364f0ba041d6ae45f7d4302867","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581561214996277","authorIdStr":"3581561214996277"},"themes":[],"htmlText":"Bitcoin will soon&nbsp;recover and keep hodl, don't panic and dump.","listText":"Bitcoin will soon&nbsp;recover and keep hodl, don't panic and dump.","text":"Bitcoin will soon recover and keep hodl, don't panic and dump.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/197761783","repostId":"2136866946","repostType":4,"repost":{"id":"2136866946","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1621481700,"share":"https://www.laohu8.com/m/news/2136866946?lang=&edition=full","pubTime":"2021-05-20 11:35","market":"us","language":"en","title":"Why is crypto crashing? Will bitcoin prices ever recover? Here's what traders and investors say","url":"https://stock-news.laohu8.com/highlight/detail?id=2136866946","media":"Dow Jones","summary":"Bitcoin sold off sharply Wednesday. The slump represented an acceleration of a downtrend in the worl","content":"<p>Bitcoin sold off sharply Wednesday. The slump represented an acceleration of a downtrend in the world's No. 1 crypto that had begun over the past 10 days or so, investors and industry specialists told MarketWatch.</p><p>At last check, bitcoin prices  were changing hands at $38,732,56 on CoinDesk, which is actually a remarkable feat since it touched a session low of $30,201.96 before bouncing back.</p><p>Prices of Ether  on the ethereum blockchain were off 22% at $2,608.84 after touching an intraday nadir at 1,902.08, and dogecoin  was off 25%, changing hands at 35.8 cents.</p><p>When bitcoin sneezes the rest of the crypto complex catches a cold because the dominant digital asset has increasingly become a gauge of sentiment not just in nonconventional markets but as a measure of risk appetite more broadly.</p><p>Crypto markets have shaved more than $850 billion from their combined market value, according to CoinMarketCap.com .</p><p>The stock market also saw substantial selling on the day, which abated somewhat by the closing bell. The Dow Jones Industrial Average , the S&amp;P 500 index  and the Nasdaq Composite Index  suffered a third straight day of losses.</p><p><b>Why is bitcoin crashing?</b></p><p>Don't call it a crash. Bitcoin is falling, but its an asset known for volatile periods.</p><p>Its current slump isn't pegged to <a href=\"https://laohu8.com/S/AONE\">one</a> single event or piece of news but was instead being blamed on fear, uncertainty and doubt, or FUD, in the parlance of crypto traders. Fear, at least partly, centered on China's digital-asset policy. The People's Republic was reportedly cracking down in the use of digital assets. For veteran crypto investors, such reports aren't new.</p><p>Meanwhile, bearish tweets from crypto enthusiast Elon Musk were also credited with tanking the crypto complex. Musk said earlier this month that he would no longer allow bitcoin to be used for payment at electric-vehicle maker Tesla <a href=\"https://laohu8.com/S/TSLA\">$(TSLA)$</a> until the crypto becomes more environmentally friendly.</p><p>Musk had been <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the key reasons that crypto broadly had been on an uptrend, with his tweets on meme coin dogecoin and bitcoin supporting an uptrend in those assets.</p><p>Separately, analysts at JPMorgan Chase &amp; Co. <a href=\"https://laohu8.com/S/JPM\">$(JPM)$</a>, including Nikolaos Panigirtzoglou, make the case that investors in bitcoin were shifting to gold futures , which coincidentally has been seeing steady climbs in recent trade.</p><p>\"Institutional investors appear to be shifting away from bitcoin and back into traditional gold,\" they wrote.</p><p>Market participants told MarketWatch that Wednesday's losses also were being amplified by the use of leverage which was forcing margin calls at some crypto trading platforms.</p><p>Complicating matters, some crypto trading platforms, including Coinbase Global <a href=\"https://laohu8.com/S/COIN\">$(COIN)$</a>, experienced outages that appeared to help put further pressure on prices.</p><p>A spokeswoman for Coinbase said that the company's trading problems have since been resolved.</p><p><b>Will bitcoin prices recover?</b></p><p>Bitcoin and crypto are inherently volatile.</p><p>That said, bullish investors are advocating that long-term investors stay the course  or review their original investment thesis before dumping crypto holdings.</p><p>Over the course of the past 11 years, bitcoin has seen more than 750 instances where prices saw a daily change of 5% or greater, more than 230 instances in which it swung by at least 10% and nearly 50 times that it has moved by at least 20%, according to Dow Jones Market Data.</p><p><img src=\"https://static.tigerbbs.com/3a9b524aebc2782da130debec2184082\" tg-width=\"936\" tg-height=\"204\"></p><p>\"Correction in the cryptocurrency market is a common phenomenon. It doesn't mean, however, that a bear market is under way,\" wrote Konstantin Boyko-Romanovsky, CEO and founder of Allnodes, in emailed comments.</p><p>To be sure, past performance is no guarantee of future results but that is what bullish investors tend to hang their hats on when they advocate for long-term ownership of bitcoin and its ilk.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why is crypto crashing? Will bitcoin prices ever recover? Here's what traders and investors say</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy is crypto crashing? Will bitcoin prices ever recover? Here's what traders and investors say\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2021-05-20 11:35</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>Bitcoin sold off sharply Wednesday. The slump represented an acceleration of a downtrend in the world's No. 1 crypto that had begun over the past 10 days or so, investors and industry specialists told MarketWatch.</p><p>At last check, bitcoin prices  were changing hands at $38,732,56 on CoinDesk, which is actually a remarkable feat since it touched a session low of $30,201.96 before bouncing back.</p><p>Prices of Ether  on the ethereum blockchain were off 22% at $2,608.84 after touching an intraday nadir at 1,902.08, and dogecoin  was off 25%, changing hands at 35.8 cents.</p><p>When bitcoin sneezes the rest of the crypto complex catches a cold because the dominant digital asset has increasingly become a gauge of sentiment not just in nonconventional markets but as a measure of risk appetite more broadly.</p><p>Crypto markets have shaved more than $850 billion from their combined market value, according to CoinMarketCap.com .</p><p>The stock market also saw substantial selling on the day, which abated somewhat by the closing bell. The Dow Jones Industrial Average , the S&amp;P 500 index  and the Nasdaq Composite Index  suffered a third straight day of losses.</p><p><b>Why is bitcoin crashing?</b></p><p>Don't call it a crash. Bitcoin is falling, but its an asset known for volatile periods.</p><p>Its current slump isn't pegged to <a href=\"https://laohu8.com/S/AONE\">one</a> single event or piece of news but was instead being blamed on fear, uncertainty and doubt, or FUD, in the parlance of crypto traders. Fear, at least partly, centered on China's digital-asset policy. The People's Republic was reportedly cracking down in the use of digital assets. For veteran crypto investors, such reports aren't new.</p><p>Meanwhile, bearish tweets from crypto enthusiast Elon Musk were also credited with tanking the crypto complex. Musk said earlier this month that he would no longer allow bitcoin to be used for payment at electric-vehicle maker Tesla <a href=\"https://laohu8.com/S/TSLA\">$(TSLA)$</a> until the crypto becomes more environmentally friendly.</p><p>Musk had been <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the key reasons that crypto broadly had been on an uptrend, with his tweets on meme coin dogecoin and bitcoin supporting an uptrend in those assets.</p><p>Separately, analysts at JPMorgan Chase &amp; Co. <a href=\"https://laohu8.com/S/JPM\">$(JPM)$</a>, including Nikolaos Panigirtzoglou, make the case that investors in bitcoin were shifting to gold futures , which coincidentally has been seeing steady climbs in recent trade.</p><p>\"Institutional investors appear to be shifting away from bitcoin and back into traditional gold,\" they wrote.</p><p>Market participants told MarketWatch that Wednesday's losses also were being amplified by the use of leverage which was forcing margin calls at some crypto trading platforms.</p><p>Complicating matters, some crypto trading platforms, including Coinbase Global <a href=\"https://laohu8.com/S/COIN\">$(COIN)$</a>, experienced outages that appeared to help put further pressure on prices.</p><p>A spokeswoman for Coinbase said that the company's trading problems have since been resolved.</p><p><b>Will bitcoin prices recover?</b></p><p>Bitcoin and crypto are inherently volatile.</p><p>That said, bullish investors are advocating that long-term investors stay the course  or review their original investment thesis before dumping crypto holdings.</p><p>Over the course of the past 11 years, bitcoin has seen more than 750 instances where prices saw a daily change of 5% or greater, more than 230 instances in which it swung by at least 10% and nearly 50 times that it has moved by at least 20%, according to Dow Jones Market Data.</p><p><img src=\"https://static.tigerbbs.com/3a9b524aebc2782da130debec2184082\" tg-width=\"936\" tg-height=\"204\"></p><p>\"Correction in the cryptocurrency market is a common phenomenon. It doesn't mean, however, that a bear market is under way,\" wrote Konstantin Boyko-Romanovsky, CEO and founder of Allnodes, in emailed comments.</p><p>To be sure, past performance is no guarantee of future results but that is what bullish investors tend to hang their hats on when they advocate for long-term ownership of bitcoin and its ilk.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","JPM":"摩根大通","COIN":"Coinbase Global, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2136866946","content_text":"Bitcoin sold off sharply Wednesday. The slump represented an acceleration of a downtrend in the world's No. 1 crypto that had begun over the past 10 days or so, investors and industry specialists told MarketWatch.At last check, bitcoin prices  were changing hands at $38,732,56 on CoinDesk, which is actually a remarkable feat since it touched a session low of $30,201.96 before bouncing back.Prices of Ether  on the ethereum blockchain were off 22% at $2,608.84 after touching an intraday nadir at 1,902.08, and dogecoin  was off 25%, changing hands at 35.8 cents.When bitcoin sneezes the rest of the crypto complex catches a cold because the dominant digital asset has increasingly become a gauge of sentiment not just in nonconventional markets but as a measure of risk appetite more broadly.Crypto markets have shaved more than $850 billion from their combined market value, according to CoinMarketCap.com .The stock market also saw substantial selling on the day, which abated somewhat by the closing bell. The Dow Jones Industrial Average , the S&P 500 index  and the Nasdaq Composite Index  suffered a third straight day of losses.Why is bitcoin crashing?Don't call it a crash. Bitcoin is falling, but its an asset known for volatile periods.Its current slump isn't pegged to one single event or piece of news but was instead being blamed on fear, uncertainty and doubt, or FUD, in the parlance of crypto traders. Fear, at least partly, centered on China's digital-asset policy. The People's Republic was reportedly cracking down in the use of digital assets. For veteran crypto investors, such reports aren't new.Meanwhile, bearish tweets from crypto enthusiast Elon Musk were also credited with tanking the crypto complex. Musk said earlier this month that he would no longer allow bitcoin to be used for payment at electric-vehicle maker Tesla $(TSLA)$ until the crypto becomes more environmentally friendly.Musk had been one of the key reasons that crypto broadly had been on an uptrend, with his tweets on meme coin dogecoin and bitcoin supporting an uptrend in those assets.Separately, analysts at JPMorgan Chase & Co. $(JPM)$, including Nikolaos Panigirtzoglou, make the case that investors in bitcoin were shifting to gold futures , which coincidentally has been seeing steady climbs in recent trade.\"Institutional investors appear to be shifting away from bitcoin and back into traditional gold,\" they wrote.Market participants told MarketWatch that Wednesday's losses also were being amplified by the use of leverage which was forcing margin calls at some crypto trading platforms.Complicating matters, some crypto trading platforms, including Coinbase Global $(COIN)$, experienced outages that appeared to help put further pressure on prices.A spokeswoman for Coinbase said that the company's trading problems have since been resolved.Will bitcoin prices recover?Bitcoin and crypto are inherently volatile.That said, bullish investors are advocating that long-term investors stay the course  or review their original investment thesis before dumping crypto holdings.Over the course of the past 11 years, bitcoin has seen more than 750 instances where prices saw a daily change of 5% or greater, more than 230 instances in which it swung by at least 10% and nearly 50 times that it has moved by at least 20%, according to Dow Jones Market Data.\"Correction in the cryptocurrency market is a common phenomenon. It doesn't mean, however, that a bear market is under way,\" wrote Konstantin Boyko-Romanovsky, CEO and founder of Allnodes, in emailed comments.To be sure, past performance is no guarantee of future results but that is what bullish investors tend to hang their hats on when they advocate for long-term ownership of bitcoin and its ilk.","news_type":1},"isVote":1,"tweetType":1,"viewCount":553,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":192563661,"gmtCreate":1621216607553,"gmtModify":1634193324332,"author":{"id":"3581561214996277","authorId":"3581561214996277","name":"CHENGHOE","avatar":"https://static.tigerbbs.com/96f6b5364f0ba041d6ae45f7d4302867","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581561214996277","authorIdStr":"3581561214996277"},"themes":[],"htmlText":"My view is wait for a while&nbsp;it will still dip further and but will&nbsp;end&nbsp;soon and so time to buy in. Bitcoin is a valuable asset to own and it will grow in long term. Hodl you will gain more than lose.","listText":"My view is wait for a while&nbsp;it will still dip further and but will&nbsp;end&nbsp;soon and so time to buy in. Bitcoin is a valuable asset to own and it will grow in long term. Hodl you will gain more than lose.","text":"My view is wait for a while it will still dip further and but will end soon and so time to buy in. Bitcoin is a valuable asset to own and it will grow in long term. Hodl you will gain more than lose.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/192563661","repostId":"1134346216","repostType":4,"repost":{"id":"1134346216","kind":"news","pubTimestamp":1621208272,"share":"https://www.laohu8.com/m/news/1134346216?lang=&edition=full","pubTime":"2021-05-17 07:37","market":"us","language":"en","title":"Bitcoin Tumbles After Musk Implies Tesla May Sell Cryptocurrency","url":"https://stock-news.laohu8.com/highlight/detail?id=1134346216","media":"Bloomberg","summary":"(Bloomberg) -- Elon Musk continued to whipsaw the price of Bitcoin, briefly sending it to the lowest","content":"<p>(Bloomberg) -- Elon Musk continued to whipsaw the price of Bitcoin, briefly sending it to the lowest since February after implying in a Twitter exchange Sunday that Tesla Inc. may sell or has sold its cryptocurrency holdings.</p>\n<p>Bitcoin slid below $45,000 for the first time in almost three months after the billionaire owner of the electric-car maker seemed to agree with a Twitter post that said Tesla should divest what at one point was a $1.5 billion stake in the largest cryptocurrency. It traded at $45,270 as of 5:51 p.m. in New York, down about $4,000 from where it ended Friday.</p>\n<p>The online commentary was the latest from the mercurial billionaire in a week of public statements that have roiled digital tokens. He lopped nearly $10,000 off the price of Bitcoin in hours last Wednesday after saying Tesla wouldn’t take it for cars. A few days earlier, he hosted “Saturday Night Live” and joked that Dogecoin, a token he had previously promoted, was a “hustle,” denting its price. Days later he tweeted he was working with Doge developers to improve its transaction efficiency.</p>\n<p>Musk’s disclosure in early February that Tesla used $1.5 billion of its nearly $20 billion in corporate cash to buy Bitcoin sent the token’s price to record and lent legitimacy to electronic currencies, which have become more of a mainstream asset in recent years despite some skepticism.</p>\n<p>His latest dustup with Bitcoin started with a tweet from a person using the handle @CryptoWhale, which said, “Bitcoiners are going to slap themselves next quarter when they find out Tesla dumped the rest of their #Bitcoin holdings. With the amount of hate @elonmusk is getting, I wouldn’t blame him...”</p>\n<p>The Tesla chief executive officer responded, “Indeed.”</p>\n<p>The twitter account @CryptoWhale, which calls itself a “crypto analyst” in its bio, also publishes a Medium blog on market and crypto trends.</p>\n<p>Musk has spent hours Sunday hitting back at several different users on Twitter who criticized his change of stance on Bitcoin last week, a move he said was sparked by environmental concerns over the power demands to process Bitcoin transactions. He said at the time that the company wouldn’t be selling any Bitcoin it holds.</p>\n<p>An outspoken supporter of cryptocurrencies with cult-like following on social media, Musk holds immense sway with his market-moving tweets. He has been touting Dogecoin and significantly elevated the profile of the coin, which started as a joke and now ranks the 5th largest by market value.</p>\n<p>Dogecoin is down 9.6% in the last 24 hours, trading at 47 cents late Sunday afternoon, according to data from CoinMarketCap.com.</p>\n<p>Tesla didn’t immediately respond to an email seeking comment on Musk’s tweet on Sunday.</p>\n<p>Musk’s Sunday social-media escapades were the latest chapter in one of the zaniest weeks in a crypto world famous for its wildness. For die hards, the renewed slumps in Bitcoin and other tokens have done nothing to deter crypto enthusiasts who say digital coins could many times their current value if they transform the financial system.</p>\n<p>“We’re looking at the long-term and so these blips, they don’t faze us,” Emilie Choi, president and chief operating officer of crypto exchange Coinbase Global Inc., said last week on Bloomberg TV about the wild swings prevalent in the market. “You’re looking for the long-term opportunity and you kind of buckle up and go for it.”</p>\n<p>Seat belts were needed by anyone watching the crypto world in the past eight days. Aside from Musk’s antics that sent Doge and Bitcoin on wild rides, a host of other developments pushed around prices.</p>\n<p>Tether, the world’s largest stablecoin, disclosed a reserves breakdown that showed a large portion in unspecified commercial paper. Steve Cohen’s Point72 Asset Management announced that it would begin trading cryptocurrencies. And a longstanding critique of the space reared its head again: illicit usage.</p>\n<p>It was reported that the owners of the Colonial Pipeline paid a $5 million ransom in untraceable digital currencies to hackers that attacked its infrastructure, while Bloomberg also reported that Binance Holdings Ltd., the world’s biggest cryptocurrency exchange, was under investigation by the Justice Department and Internal Revenue Service in relation to possible money-laundering and tax offenses.</p>\n<p>But, “for many crypto assets such as Bitcoin and Ethereum, the long-term story has not changed,” said Simon Peters, an analyst at multi-asset investment platform eToro. “This emerging asset class continues to revolutionize many aspects of financial services, and while nothing goes up in a straight line, the long-term fundamentals for crypto assets remain as solid as ever.”</p>\n<p>Bitcoin was already swinging wildly on the weekend before Musk tweeted. The two days tend to be particularly volatile for cryptocurrencies, which -- unlike most traditional assets -- trade around the clock every day of the week. Bitcoin’s average swing on Saturdays and Sundays so far this year comes in at 4.95%.</p>\n<p>That type of volatility is owing to a few factors: Bitcoin’s held by relatively few people, meaning that price swings can be magnified during low-volume periods. And, the market remains hugely fragmented with dozens of platforms operating under different standards. That means cryptocurrencies lack a centralized market structure akin to that of traditional assets.</p>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin Tumbles After Musk Implies Tesla May Sell Cryptocurrency</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin Tumbles After Musk Implies Tesla May Sell Cryptocurrency\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-17 07:37 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/musk-implies-tesla-may-sell-192401769.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Elon Musk continued to whipsaw the price of Bitcoin, briefly sending it to the lowest since February after implying in a Twitter exchange Sunday that Tesla Inc. may sell or has sold its...</p>\n\n<a href=\"https://finance.yahoo.com/news/musk-implies-tesla-may-sell-192401769.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://finance.yahoo.com/news/musk-implies-tesla-may-sell-192401769.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1134346216","content_text":"(Bloomberg) -- Elon Musk continued to whipsaw the price of Bitcoin, briefly sending it to the lowest since February after implying in a Twitter exchange Sunday that Tesla Inc. may sell or has sold its cryptocurrency holdings.\nBitcoin slid below $45,000 for the first time in almost three months after the billionaire owner of the electric-car maker seemed to agree with a Twitter post that said Tesla should divest what at one point was a $1.5 billion stake in the largest cryptocurrency. It traded at $45,270 as of 5:51 p.m. in New York, down about $4,000 from where it ended Friday.\nThe online commentary was the latest from the mercurial billionaire in a week of public statements that have roiled digital tokens. He lopped nearly $10,000 off the price of Bitcoin in hours last Wednesday after saying Tesla wouldn’t take it for cars. A few days earlier, he hosted “Saturday Night Live” and joked that Dogecoin, a token he had previously promoted, was a “hustle,” denting its price. Days later he tweeted he was working with Doge developers to improve its transaction efficiency.\nMusk’s disclosure in early February that Tesla used $1.5 billion of its nearly $20 billion in corporate cash to buy Bitcoin sent the token’s price to record and lent legitimacy to electronic currencies, which have become more of a mainstream asset in recent years despite some skepticism.\nHis latest dustup with Bitcoin started with a tweet from a person using the handle @CryptoWhale, which said, “Bitcoiners are going to slap themselves next quarter when they find out Tesla dumped the rest of their #Bitcoin holdings. With the amount of hate @elonmusk is getting, I wouldn’t blame him...”\nThe Tesla chief executive officer responded, “Indeed.”\nThe twitter account @CryptoWhale, which calls itself a “crypto analyst” in its bio, also publishes a Medium blog on market and crypto trends.\nMusk has spent hours Sunday hitting back at several different users on Twitter who criticized his change of stance on Bitcoin last week, a move he said was sparked by environmental concerns over the power demands to process Bitcoin transactions. He said at the time that the company wouldn’t be selling any Bitcoin it holds.\nAn outspoken supporter of cryptocurrencies with cult-like following on social media, Musk holds immense sway with his market-moving tweets. He has been touting Dogecoin and significantly elevated the profile of the coin, which started as a joke and now ranks the 5th largest by market value.\nDogecoin is down 9.6% in the last 24 hours, trading at 47 cents late Sunday afternoon, according to data from CoinMarketCap.com.\nTesla didn’t immediately respond to an email seeking comment on Musk’s tweet on Sunday.\nMusk’s Sunday social-media escapades were the latest chapter in one of the zaniest weeks in a crypto world famous for its wildness. For die hards, the renewed slumps in Bitcoin and other tokens have done nothing to deter crypto enthusiasts who say digital coins could many times their current value if they transform the financial system.\n“We’re looking at the long-term and so these blips, they don’t faze us,” Emilie Choi, president and chief operating officer of crypto exchange Coinbase Global Inc., said last week on Bloomberg TV about the wild swings prevalent in the market. “You’re looking for the long-term opportunity and you kind of buckle up and go for it.”\nSeat belts were needed by anyone watching the crypto world in the past eight days. Aside from Musk’s antics that sent Doge and Bitcoin on wild rides, a host of other developments pushed around prices.\nTether, the world’s largest stablecoin, disclosed a reserves breakdown that showed a large portion in unspecified commercial paper. Steve Cohen’s Point72 Asset Management announced that it would begin trading cryptocurrencies. And a longstanding critique of the space reared its head again: illicit usage.\nIt was reported that the owners of the Colonial Pipeline paid a $5 million ransom in untraceable digital currencies to hackers that attacked its infrastructure, while Bloomberg also reported that Binance Holdings Ltd., the world’s biggest cryptocurrency exchange, was under investigation by the Justice Department and Internal Revenue Service in relation to possible money-laundering and tax offenses.\nBut, “for many crypto assets such as Bitcoin and Ethereum, the long-term story has not changed,” said Simon Peters, an analyst at multi-asset investment platform eToro. “This emerging asset class continues to revolutionize many aspects of financial services, and while nothing goes up in a straight line, the long-term fundamentals for crypto assets remain as solid as ever.”\nBitcoin was already swinging wildly on the weekend before Musk tweeted. The two days tend to be particularly volatile for cryptocurrencies, which -- unlike most traditional assets -- trade around the clock every day of the week. Bitcoin’s average swing on Saturdays and Sundays so far this year comes in at 4.95%.\nThat type of volatility is owing to a few factors: Bitcoin’s held by relatively few people, meaning that price swings can be magnified during low-volume periods. And, the market remains hugely fragmented with dozens of platforms operating under different standards. That means cryptocurrencies lack a centralized market structure akin to that of traditional assets.","news_type":1},"isVote":1,"tweetType":1,"viewCount":469,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":105122834,"gmtCreate":1620280201328,"gmtModify":1634206400328,"author":{"id":"3581561214996277","authorId":"3581561214996277","name":"CHENGHOE","avatar":"https://static.tigerbbs.com/96f6b5364f0ba041d6ae45f7d4302867","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581561214996277","authorIdStr":"3581561214996277"},"themes":[],"htmlText":"It is a coin to watch for other than doge coin.","listText":"It is a coin to watch for other than doge coin.","text":"It is a coin to watch for other than doge coin.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/105122834","repostId":"1197402336","repostType":4,"repost":{"id":"1197402336","kind":"news","pubTimestamp":1620273156,"share":"https://www.laohu8.com/m/news/1197402336?lang=&edition=full","pubTime":"2021-05-06 11:52","market":"sh","language":"en","title":"Is Ethereum Classic's Outpacing Of Bitcoin, Ethereum, Dogecoin Gains All About Being 'Cheaper?'","url":"https://stock-news.laohu8.com/highlight/detail?id=1197402336","media":"Benzinga","summary":"Gains in Ethereum Classic(ETC) continue to outpace the ones made by the cryptocurrency’s peers Bitco","content":"<p>Gains in&nbsp;<b>Ethereum Classic</b>(ETC) continue to outpace the ones made by the cryptocurrency’s peers&nbsp;<b>Bitcoin</b>(BTC),<b>Ethereum</b>(ETH), and<b>Dogecoin</b>(DOGE), which all enjoy larger market capitalizations.</p><p><b>What Happened:</b>ETC has soared 160.83% in a seven-day trailing period, while BTC and ETH have risen 3.54% and 26.80% in a similar period, according to CoinMarketCap data.</p><p>At press time on Wednesday night, ETC traded 16.85% higher at $90.06 in a 24-hour period. BTC was up 4.46% at $57,201.19 and ETH was higher by 3.71% at $3,484.</p><p>ETC is trading 10.43% below the all-time high of $100.03 it reached on Wednesday.</p><p>Ethereum Classiccame into existenceafter a hard fork of the Ethereum blockchain took place in 2016 due to prevailing disagreements at the time in the community.</p><p>Barry Silbert&nbsp;— CEO of Digital Currency Group, which owns Grayscale&nbsp;— is a well-known proponent of ETC.</p><p>On Wednesday, Ethereum Classic noted that the<b>Grayscale Ethereum Classic Trust</b>(OTC:ETCG) has over $1 billion in assets under management.<img src=\"https://static.tigerbbs.com/18a04b786e01b25f9feb9f9e93d0d366\" tg-width=\"555\" tg-height=\"892\" referrerpolicy=\"no-referrer\">ETCG closed 27.76% higher at $67.15 on Wednesday.</p><p><b>Why It Matters:</b>ETC has caught the attention of the social media investment crowd. The cryptocurrency’s ticker featured in the&nbsp;Stocktwits list of top 10 trending streams at press time.</p><p>The rise in ETC is despite the fact that it is not typically classified as an “Ethereum Killer,” which is thecase with several coinssuch as<b>Polkadot</b>(DOT),<b>Solana</b>(SOL), and<b>Cardano</b>(ADA).</p><p>Synergia Capital’s head of research, Denis Vinokourov, said that the rise in ETC “appears to be dominated by ‘cheaper’ Ethereum play and retail flow that has pushed DOGE to sky-high levels,” CoinDeskreported, dubbing the surge in ETC as a sign of froth in the cryptocurrency market.</p><p>ETC’s retail fueled rise is similar to the story of<b>Dogecoin</b>(DOGE), which has soared 13,604.64% since the year began. However, even DOGE’s weekly gains of 102.68% are weaker than those of ETC. DOGE traded 6.63% higher at $0.63 at press time.</p>","source":"lsy1606299360108","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Is Ethereum Classic's Outpacing Of Bitcoin, Ethereum, Dogecoin Gains All About Being 'Cheaper?'</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIs Ethereum Classic's Outpacing Of Bitcoin, Ethereum, Dogecoin Gains All About Being 'Cheaper?'\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-06 11:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/markets/cannabis/21/05/20980403/is-ethereum-classics-outpacing-of-bitcoin-ethereum-dogecoin-gains-all-about-being-cheaper><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Gains in Ethereum Classic(ETC) continue to outpace the ones made by the cryptocurrency’s peers Bitcoin(BTC),Ethereum(ETH), andDogecoin(DOGE), which all enjoy larger market capitalizations.What ...</p>\n\n<a href=\"https://www.benzinga.com/markets/cannabis/21/05/20980403/is-ethereum-classics-outpacing-of-bitcoin-ethereum-dogecoin-gains-all-about-being-cheaper\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.benzinga.com/markets/cannabis/21/05/20980403/is-ethereum-classics-outpacing-of-bitcoin-ethereum-dogecoin-gains-all-about-being-cheaper","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1197402336","content_text":"Gains in Ethereum Classic(ETC) continue to outpace the ones made by the cryptocurrency’s peers Bitcoin(BTC),Ethereum(ETH), andDogecoin(DOGE), which all enjoy larger market capitalizations.What Happened:ETC has soared 160.83% in a seven-day trailing period, while BTC and ETH have risen 3.54% and 26.80% in a similar period, according to CoinMarketCap data.At press time on Wednesday night, ETC traded 16.85% higher at $90.06 in a 24-hour period. BTC was up 4.46% at $57,201.19 and ETH was higher by 3.71% at $3,484.ETC is trading 10.43% below the all-time high of $100.03 it reached on Wednesday.Ethereum Classiccame into existenceafter a hard fork of the Ethereum blockchain took place in 2016 due to prevailing disagreements at the time in the community.Barry Silbert — CEO of Digital Currency Group, which owns Grayscale — is a well-known proponent of ETC.On Wednesday, Ethereum Classic noted that theGrayscale Ethereum Classic Trust(OTC:ETCG) has over $1 billion in assets under management.ETCG closed 27.76% higher at $67.15 on Wednesday.Why It Matters:ETC has caught the attention of the social media investment crowd. The cryptocurrency’s ticker featured in the Stocktwits list of top 10 trending streams at press time.The rise in ETC is despite the fact that it is not typically classified as an “Ethereum Killer,” which is thecase with several coinssuch asPolkadot(DOT),Solana(SOL), andCardano(ADA).Synergia Capital’s head of research, Denis Vinokourov, said that the rise in ETC “appears to be dominated by ‘cheaper’ Ethereum play and retail flow that has pushed DOGE to sky-high levels,” CoinDeskreported, dubbing the surge in ETC as a sign of froth in the cryptocurrency market.ETC’s retail fueled rise is similar to the story ofDogecoin(DOGE), which has soared 13,604.64% since the year began. However, even DOGE’s weekly gains of 102.68% are weaker than those of ETC. DOGE traded 6.63% higher at $0.63 at press time.","news_type":1},"isVote":1,"tweetType":1,"viewCount":424,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":102533430,"gmtCreate":1620223088520,"gmtModify":1634206869421,"author":{"id":"3581561214996277","authorId":"3581561214996277","name":"CHENGHOE","avatar":"https://static.tigerbbs.com/96f6b5364f0ba041d6ae45f7d4302867","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581561214996277","authorIdStr":"3581561214996277"},"themes":[],"htmlText":"It worth to buy at this time, as it is pumping this few day&nbsp;grab some money and dump it.","listText":"It worth to buy at this time, as it is pumping this few day&nbsp;grab some money and dump it.","text":"It worth to buy at this time, as it is pumping this few day grab some money and dump it.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/102533430","repostId":"1115203133","repostType":4,"repost":{"id":"1115203133","kind":"news","pubTimestamp":1620178775,"share":"https://www.laohu8.com/m/news/1115203133?lang=&edition=full","pubTime":"2021-05-05 09:39","market":"us","language":"en","title":"Why is dogecoin’s price spiking? The crypto has surged 11,000% in 2021","url":"https://stock-news.laohu8.com/highlight/detail?id=1115203133","media":"Market Wacth","summary":"Every dog has its day…but a whole year?Indeed, dogecoin, the meme cryptocurrency linked to an image ","content":"<p>Every dog has its day…but a whole year?</p><p>Indeed, dogecoin, the meme cryptocurrency linked to an image of a Shiba Inu dog, has been enjoying one of the best years for cryptocurrency in recent memory, boasting year-to-date gains of more than 11,000% and putting it in the top 10 of the most highly valued digital assets this year.</p><p>At last check, dogecoinDOGEUSD,+8.26%was changing hands at 54 cents, up more than 23% in the past 24 hours and up around 11,210% so far in 2021, according to CoinDesk.</p><p>That parabolic rise is drawing both applause and apprehension as its supporters aim to drive the parody coin to a value near $1, with critics warning that the asset bears all the hallmarks of an asset bubble that is bound to pop and leave carnage in its wake.</p><p>Only, don’t tell that to those cheerleading the crypto, or risk being met with this common refrain: “enjoy being poor.”<img src=\"https://static.tigerbbs.com/7c7201d3eb982c0d5d636bf8ff4a1ca7\" tg-width=\"505\" tg-height=\"367\" referrerpolicy=\"no-referrer\">So why is dogecoin, pronounced “dōj-coin,”&nbsp;on such a monumental tear that has outstripped crypto considered more serious representatives of the age of digital assets and blockchain? Here are a few reasons:</p><p>Its biggest booster set to guest host ‘SNL’</p><p>Elon Musk, CEO of Tesla Inc. and SpaceX, will host “Saturday Night Live” this weekend, which has already drawn&nbsp;cheers and jeers&nbsp;for the technologist. He has become one of the most prominent and vocal champions of dogecoin this year and some speculate that he could do something to promote doge.</p><p>Musk did refer to himself as the “dogefather” in one recent tweet ahead of his “Saturday Night Live” gig.</p><p><img src=\"https://static.tigerbbs.com/54a1a1602240507ad985c5efcb2571f5\" tg-width=\"501\" tg-height=\"177\" referrerpolicy=\"no-referrer\">Brokerages trade dogecoin</p><p>A number of new venues have announced that they will trade dogecoin on their exchanges in recent days and weeks.</p><p>Crypto exchange Geminion Tuesdayannounced trading and custody support for the coin. Trading platform&nbsp;eToro also made dogecoin&nbsp;available for trading on its platform.Webullallowed its users to purchase dogecoin back on April 20.</p><p>FOMO</p><p>Fear of missing out also is said to be behind the surge. Some crypto participants speculate that the rise in dogecoin is being supported by retail traders who see the parody coin as more accessible investment (or trade) than, say, bitcoinBTCUSD,-0.16%,which was changing hands at $54,000, at last check on CoinDesk.</p><p>“Dogecoin&nbsp;is surging because many cryptocurrency traders do not want to miss out on any buzz that stems from Elon Musk’s hosting of ‘Saturday Night Live,’” wrote Edward Moya, senior market analyst at Oanda, in a daily note.</p><p>Gains in traditional assets also might seem more pedestrian. By comparison, gold futuresGC00,0.17%are down 6% so far this year, the Dow Jones Industrial AverageDJIA,+0.06%and the S&amp;P 500 indexSPX,-0.67%are up by at least 10% in 2021, while the Nasdaq Composite IndexCOMP,-1.88%has gained over 5%.</p><p>Accessibility</p><p>Konstantin Boyko-Romanovsky, CEO of&nbsp;Allnodes, via an emailed message, said he viewed support from Musk and fellow billionaire Mark Cuban as central to the bull thesis for dogecoin, but also said that some may perceive the crypto as more accessible compared against bitcoin, which hit a recent peak above $60,000 before cooling.</p><p>“It appeals more to the general public because it costs so little. $60,000 for a single bitcoin may be intimidating to some. In a way, doge then is more like a USD but in a digital form,” he wrote.</p><p>Bubbles &amp; manias</p><p>Moya wrote that the dogecoin bubble should have “popped by now, but institutional interest is trying to take advantage of this momentum and that could support another push higher.”</p><p>Many skeptics warn that dogecoin could leave a lot of newbie investors hemorrhaging losses if they wade into the asset imprudently.</p>","source":"lsy1604288433698","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why is dogecoin’s price spiking? The crypto has surged 11,000% in 2021</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy is dogecoin’s price spiking? The crypto has surged 11,000% in 2021\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-05 09:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/why-is-dogecoins-price-spiking-the-crypto-has-surged-11-000-in-2021-11620151738?mod=home-page><strong>Market Wacth</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Every dog has its day…but a whole year?Indeed, dogecoin, the meme cryptocurrency linked to an image of a Shiba Inu dog, has been enjoying one of the best years for cryptocurrency in recent memory, ...</p>\n\n<a href=\"https://www.marketwatch.com/story/why-is-dogecoins-price-spiking-the-crypto-has-surged-11-000-in-2021-11620151738?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.marketwatch.com/story/why-is-dogecoins-price-spiking-the-crypto-has-surged-11-000-in-2021-11620151738?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1115203133","content_text":"Every dog has its day…but a whole year?Indeed, dogecoin, the meme cryptocurrency linked to an image of a Shiba Inu dog, has been enjoying one of the best years for cryptocurrency in recent memory, boasting year-to-date gains of more than 11,000% and putting it in the top 10 of the most highly valued digital assets this year.At last check, dogecoinDOGEUSD,+8.26%was changing hands at 54 cents, up more than 23% in the past 24 hours and up around 11,210% so far in 2021, according to CoinDesk.That parabolic rise is drawing both applause and apprehension as its supporters aim to drive the parody coin to a value near $1, with critics warning that the asset bears all the hallmarks of an asset bubble that is bound to pop and leave carnage in its wake.Only, don’t tell that to those cheerleading the crypto, or risk being met with this common refrain: “enjoy being poor.”So why is dogecoin, pronounced “dōj-coin,” on such a monumental tear that has outstripped crypto considered more serious representatives of the age of digital assets and blockchain? Here are a few reasons:Its biggest booster set to guest host ‘SNL’Elon Musk, CEO of Tesla Inc. and SpaceX, will host “Saturday Night Live” this weekend, which has already drawn cheers and jeers for the technologist. He has become one of the most prominent and vocal champions of dogecoin this year and some speculate that he could do something to promote doge.Musk did refer to himself as the “dogefather” in one recent tweet ahead of his “Saturday Night Live” gig.Brokerages trade dogecoinA number of new venues have announced that they will trade dogecoin on their exchanges in recent days and weeks.Crypto exchange Geminion Tuesdayannounced trading and custody support for the coin. Trading platform eToro also made dogecoin available for trading on its platform.Webullallowed its users to purchase dogecoin back on April 20.FOMOFear of missing out also is said to be behind the surge. Some crypto participants speculate that the rise in dogecoin is being supported by retail traders who see the parody coin as more accessible investment (or trade) than, say, bitcoinBTCUSD,-0.16%,which was changing hands at $54,000, at last check on CoinDesk.“Dogecoin is surging because many cryptocurrency traders do not want to miss out on any buzz that stems from Elon Musk’s hosting of ‘Saturday Night Live,’” wrote Edward Moya, senior market analyst at Oanda, in a daily note.Gains in traditional assets also might seem more pedestrian. By comparison, gold futuresGC00,0.17%are down 6% so far this year, the Dow Jones Industrial AverageDJIA,+0.06%and the S&P 500 indexSPX,-0.67%are up by at least 10% in 2021, while the Nasdaq Composite IndexCOMP,-1.88%has gained over 5%.AccessibilityKonstantin Boyko-Romanovsky, CEO of Allnodes, via an emailed message, said he viewed support from Musk and fellow billionaire Mark Cuban as central to the bull thesis for dogecoin, but also said that some may perceive the crypto as more accessible compared against bitcoin, which hit a recent peak above $60,000 before cooling.“It appeals more to the general public because it costs so little. $60,000 for a single bitcoin may be intimidating to some. In a way, doge then is more like a USD but in a digital form,” he wrote.Bubbles & maniasMoya wrote that the dogecoin bubble should have “popped by now, but institutional interest is trying to take advantage of this momentum and that could support another push higher.”Many skeptics warn that dogecoin could leave a lot of newbie investors hemorrhaging losses if they wade into the asset imprudently.","news_type":1},"isVote":1,"tweetType":1,"viewCount":125,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":109269717,"gmtCreate":1619700635839,"gmtModify":1634210625649,"author":{"id":"3581561214996277","authorId":"3581561214996277","name":"CHENGHOE","avatar":"https://static.tigerbbs.com/96f6b5364f0ba041d6ae45f7d4302867","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581561214996277","authorIdStr":"3581561214996277"},"themes":[],"htmlText":"Bitcoin seem slowing down，ETH coming very strong this week.","listText":"Bitcoin seem slowing down，ETH coming very strong this week.","text":"Bitcoin seem slowing down，ETH coming very strong this week.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/109269717","repostId":"1196375227","repostType":4,"repost":{"id":"1196375227","kind":"news","pubTimestamp":1619699540,"share":"https://www.laohu8.com/m/news/1196375227?lang=&edition=full","pubTime":"2021-04-29 20:32","market":"us","language":"en","title":"Digital currency ether hits a record high, stealing bitcoin's limelight","url":"https://stock-news.laohu8.com/highlight/detail?id=1196375227","media":"CNBC","summary":"Etherhit an all-time high Thursday as bitcoin’s dominance of the cryptocurrency market declined.\nThe","content":"<div>\n<p>Etherhit an all-time high Thursday as bitcoin’s dominance of the cryptocurrency market declined.\nThe world’s second-largest digital currency by market value surged to a fresh record of $2,774 Thursday...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/29/bitcoin-btc-ethereum-eth-cryptocurrency-price-hits-record-high.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Digital currency ether hits a record high, stealing bitcoin's limelight</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDigital currency ether hits a record high, stealing bitcoin's limelight\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-29 20:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/04/29/bitcoin-btc-ethereum-eth-cryptocurrency-price-hits-record-high.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Etherhit an all-time high Thursday as bitcoin’s dominance of the cryptocurrency market declined.\nThe world’s second-largest digital currency by market value surged to a fresh record of $2,774 Thursday...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/29/bitcoin-btc-ethereum-eth-cryptocurrency-price-hits-record-high.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.cnbc.com/2021/04/29/bitcoin-btc-ethereum-eth-cryptocurrency-price-hits-record-high.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1196375227","content_text":"Etherhit an all-time high Thursday as bitcoin’s dominance of the cryptocurrency market declined.\nThe world’s second-largest digital currency by market value surged to a fresh record of $2,774 Thursday morning, according to data from Coin Metrics.Bitcoin, the top digital coin, was slightly lower at apriceof $54,471.\nThe move comes after the European Investment BankannouncedWednesday that it had issued its first ever digital bond on the Ethereum blockchain, ether’s underlying network. This led to speculation that the currency is gaining traction among mainstream financial institutions.\nMost major cryptocurrencies were trading higher Thursday, boosted by ether’s rise. Bitcoin, the most valuable digital coin, is down about 16% from its all-time high of almost $65,000 earlier this month. It has still had a stunning rally, though, climbing almost 90% so far this year, on the back of increased interest from institutional investors and corporate buyers likeTesla.\nAt the same time, some investors have warned of froth in the crypto market. Dogecoin, a meme-inspired digital token, rallied on Wednesday after supportive tweets from celebrities like Elon Musk and Mark Cuban.\nAnd plenty of other “altcoins,” or alternative currencies, have also rallied this year. This led to bitcoin’s dominance of the crypto market falling below 50% last week for the first time since August 2018, according to CoinMarketCap.\nThe first time bitcoin’s share of the market sank below that level was in 2017, before a huge slump in crypto prices now referred to as a “crypto winter.” But bitcoin bulls argue things are different this time, as the rally is being driven by institutional demand rather than retail investors.\n“There’s just so much hype from the institutions coming in,” Carol Alexander, professor at University of Sussex Business School, told CNBC last week. “Bitcoin is almost like a sort reference point, the numeraire of crypto. I think there’s going to be sustained demand as institutional investors become more confident about the market.”\n“Having said that, on the more retail side that used to be in bitcoin, it’s not cool anymore,” Alexander added. “Everyone knows about bitcoin and we want things to talk about. We don’t want to talk about Covid all the time. So much of this is about market psychology. We’ve been shut inside and haven’t had any news to talk about.”\nSkeptics of cryptocurrencies say that bitcoin and other digital coins are a speculative bubble. Stephen Isaacs, chairman of the investment committee at financial consultants Alvine Capital, told CNBC earlier this month that he thinks bitcoin is in a “bubble” that will burst, citing risks around regulation and climate change.\nEthereum vs. bitcoin\nEthereum may be coming after bitcoin, but there are some key differences between the two. For one, Ethereum has several software developers building apps on its network. Ether is the native token of the Ethereum blockchain.\nOne popular trend in the so-called “decentralized app” space is NFTs, or non-fungible tokens, digital assets meant to represent ownership of rare virtual items like art and sports memorabilia. Many NFTs are based on Ethereum.\nEthereum is also going through a major upgrade that will push it further from bitcoin, in theory allowing for faster transaction times and reducing the amount of power required to process transactions. Both bitcoin and ether’s networks have attracted criticism from environmentalists over the impact of crypto mining on the climate.\n“Post the network upgrade, Ethereum in particular is proving its use-case, and with developers piling on to the platform, it is little wonder it is gaining so much traction with investors,” said Simon Peters, cryptoasset analyst for online trading platform eToro.\n“Underlying this is demand from institutional investors. While they may now have some exposure to bitcoin, institutions are now diversifying their exposure and Ethereum is the natural next pick, and that leaves the second biggest cryptoasset by market cap well placed to benefit further.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":522,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":109269717,"gmtCreate":1619700635839,"gmtModify":1634210625649,"author":{"id":"3581561214996277","authorId":"3581561214996277","name":"CHENGHOE","avatar":"https://static.tigerbbs.com/96f6b5364f0ba041d6ae45f7d4302867","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581561214996277","authorIdStr":"3581561214996277"},"themes":[],"htmlText":"Bitcoin seem slowing down，ETH coming very strong this week.","listText":"Bitcoin seem slowing down，ETH coming very strong this week.","text":"Bitcoin seem slowing down，ETH coming very strong this week.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/109269717","repostId":"1196375227","repostType":4,"repost":{"id":"1196375227","kind":"news","pubTimestamp":1619699540,"share":"https://www.laohu8.com/m/news/1196375227?lang=&edition=full","pubTime":"2021-04-29 20:32","market":"us","language":"en","title":"Digital currency ether hits a record high, stealing bitcoin's limelight","url":"https://stock-news.laohu8.com/highlight/detail?id=1196375227","media":"CNBC","summary":"Etherhit an all-time high Thursday as bitcoin’s dominance of the cryptocurrency market declined.\nThe","content":"<div>\n<p>Etherhit an all-time high Thursday as bitcoin’s dominance of the cryptocurrency market declined.\nThe world’s second-largest digital currency by market value surged to a fresh record of $2,774 Thursday...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/29/bitcoin-btc-ethereum-eth-cryptocurrency-price-hits-record-high.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Digital currency ether hits a record high, stealing bitcoin's limelight</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDigital currency ether hits a record high, stealing bitcoin's limelight\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-29 20:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/04/29/bitcoin-btc-ethereum-eth-cryptocurrency-price-hits-record-high.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Etherhit an all-time high Thursday as bitcoin’s dominance of the cryptocurrency market declined.\nThe world’s second-largest digital currency by market value surged to a fresh record of $2,774 Thursday...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/29/bitcoin-btc-ethereum-eth-cryptocurrency-price-hits-record-high.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.cnbc.com/2021/04/29/bitcoin-btc-ethereum-eth-cryptocurrency-price-hits-record-high.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1196375227","content_text":"Etherhit an all-time high Thursday as bitcoin’s dominance of the cryptocurrency market declined.\nThe world’s second-largest digital currency by market value surged to a fresh record of $2,774 Thursday morning, according to data from Coin Metrics.Bitcoin, the top digital coin, was slightly lower at apriceof $54,471.\nThe move comes after the European Investment BankannouncedWednesday that it had issued its first ever digital bond on the Ethereum blockchain, ether’s underlying network. This led to speculation that the currency is gaining traction among mainstream financial institutions.\nMost major cryptocurrencies were trading higher Thursday, boosted by ether’s rise. Bitcoin, the most valuable digital coin, is down about 16% from its all-time high of almost $65,000 earlier this month. It has still had a stunning rally, though, climbing almost 90% so far this year, on the back of increased interest from institutional investors and corporate buyers likeTesla.\nAt the same time, some investors have warned of froth in the crypto market. Dogecoin, a meme-inspired digital token, rallied on Wednesday after supportive tweets from celebrities like Elon Musk and Mark Cuban.\nAnd plenty of other “altcoins,” or alternative currencies, have also rallied this year. This led to bitcoin’s dominance of the crypto market falling below 50% last week for the first time since August 2018, according to CoinMarketCap.\nThe first time bitcoin’s share of the market sank below that level was in 2017, before a huge slump in crypto prices now referred to as a “crypto winter.” But bitcoin bulls argue things are different this time, as the rally is being driven by institutional demand rather than retail investors.\n“There’s just so much hype from the institutions coming in,” Carol Alexander, professor at University of Sussex Business School, told CNBC last week. “Bitcoin is almost like a sort reference point, the numeraire of crypto. I think there’s going to be sustained demand as institutional investors become more confident about the market.”\n“Having said that, on the more retail side that used to be in bitcoin, it’s not cool anymore,” Alexander added. “Everyone knows about bitcoin and we want things to talk about. We don’t want to talk about Covid all the time. So much of this is about market psychology. We’ve been shut inside and haven’t had any news to talk about.”\nSkeptics of cryptocurrencies say that bitcoin and other digital coins are a speculative bubble. Stephen Isaacs, chairman of the investment committee at financial consultants Alvine Capital, told CNBC earlier this month that he thinks bitcoin is in a “bubble” that will burst, citing risks around regulation and climate change.\nEthereum vs. bitcoin\nEthereum may be coming after bitcoin, but there are some key differences between the two. For one, Ethereum has several software developers building apps on its network. Ether is the native token of the Ethereum blockchain.\nOne popular trend in the so-called “decentralized app” space is NFTs, or non-fungible tokens, digital assets meant to represent ownership of rare virtual items like art and sports memorabilia. Many NFTs are based on Ethereum.\nEthereum is also going through a major upgrade that will push it further from bitcoin, in theory allowing for faster transaction times and reducing the amount of power required to process transactions. Both bitcoin and ether’s networks have attracted criticism from environmentalists over the impact of crypto mining on the climate.\n“Post the network upgrade, Ethereum in particular is proving its use-case, and with developers piling on to the platform, it is little wonder it is gaining so much traction with investors,” said Simon Peters, cryptoasset analyst for online trading platform eToro.\n“Underlying this is demand from institutional investors. While they may now have some exposure to bitcoin, institutions are now diversifying their exposure and Ethereum is the natural next pick, and that leaves the second biggest cryptoasset by market cap well placed to benefit further.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":522,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":138115913,"gmtCreate":1621917161832,"gmtModify":1634185502772,"author":{"id":"3581561214996277","authorId":"3581561214996277","name":"CHENGHOE","avatar":"https://static.tigerbbs.com/96f6b5364f0ba041d6ae45f7d4302867","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581561214996277","authorIdStr":"3581561214996277"},"themes":[],"htmlText":"Crypto will not bursts, it is the new trend. And soon more and more people will accept crypto as part of their life.","listText":"Crypto will not bursts, it is the new trend. And soon more and more people will accept crypto as part of their life.","text":"Crypto will not bursts, it is the new trend. And soon more and more people will accept crypto as part of their life.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/138115913","repostId":"2137132568","repostType":4,"repost":{"id":"2137132568","kind":"highlight","pubTimestamp":1621915020,"share":"https://www.laohu8.com/m/news/2137132568?lang=&edition=full","pubTime":"2021-05-25 11:57","market":"us","language":"en","title":"10 Reasons the Cryptocurrency Bubble Is Bursting","url":"https://stock-news.laohu8.com/highlight/detail?id=2137132568","media":"Motley Fool","summary":"This might be more than just a \"healthy pullback.\"","content":"<blockquote><b>This might be more than just a \"healthy pullback.\"</b></blockquote><p>For more than 100 years, the stock market has been <a href=\"https://laohu8.com/S/AONE\">one</a> of the greatest wealth creators in this country. Stocks might have taken a back seat to housing, oil, gold, or other assets for brief periods of time over the past century, but they've delivered the highest consistent returns of any investment vehicle.</p><p>That is until cryptocurrencies came along a little over a decade ago.</p><p>The emergence of <b>Bitcoin</b> (CRYPTO:BTC), <b>Ethereum</b> (CRYPTO:ETH), <b>Dogecoin</b> (CRYPTO:DOGE), and a host of other digital currencies have paved the way for once-in-a-lifetime gains. For instance, a $155 investment in Bitcoin at $1 would have been worth over $1 million when it hit $64,800 a token in mid-April.</p><p>But over the past two weeks, cryptocurrencies have fallen off a cliff. Some would call this a natural pullback after a monstrous run higher. I have a different name for it: a popping bubble.</p><p>While there is no shortage of enthusiasts who believe digital currencies are the greatest thing since sliced bread, I believe the crypto market is imploding for 10 very good reasons.</p><p><img src=\"https://static.tigerbbs.com/08bd510be5ae746f0867c5de1184417a\" tg-width=\"700\" tg-height=\"464\" referrerpolicy=\"no-referrer\"></p><p>Image source: Getty Images.</p><p>1. There's very minimal real-world utility</p><p>One of the biggest drawbacks of digital currency is that it's virtually useless outside a cryptocurrency exchange. Although we've seen a small number of high-profile companies or organizations accept Bitcoin or Dogecoin, the reality is that the total number of businesses accepting either is microscopic. Approximately 1,300 businesses globally have chosen to accept Dogecoin after eight years, while Fundera found that 15,174 businesses accept Bitcoin, as of December 2020. For some context here, there are an estimated 582 million entrepreneurs worldwide.</p><p>2. Valuations, relative to transaction data, made no sense</p><p>Even though valuation is somewhat subjective, <a href=\"https://laohu8.com/S/AONE.U\">one</a> glance at transaction data for the three most popular cryptocurrencies, relative to payment processing juggernauts such as <b><a href=\"https://laohu8.com/S/V\">Visa</a></b> (NYSE:V) and <b>Mastercard</b> (NYSE:MA), would leave anyone's jaw on the floor.</p><p>The latest Nilson report found that 1.01 billion credit transactions were processed daily in 2018, 700 million of which were handled by Visa and Mastercard. By comparison, Bitcoin, Ethereum, and Dogecoin are processing in the neighborhood of 300,000, 1.4 million, and 50,000 respective transactions on their blockchains each day. All the major cryptos combined can't hold a candle to the processing potential of Visa or Mastercard, yet the Big Three of crypto have a higher combined market value than Visa and Mastercard. That makes no sense.</p><p><img src=\"https://static.tigerbbs.com/ce89a01a16c15dafb27017a6a42cedc3\" tg-width=\"700\" tg-height=\"496\" referrerpolicy=\"no-referrer\"></p><p>Image source: Getty Images.</p><p>3. Businesses have been slow to adopt blockchain</p><p>On paper, blockchain sounds great. On the financial side of the equation, it's a way to expedite the validation and settlement of payments. Rather than waiting up to a week for cross-border payments to settle, they could be resolved in mere seconds or minutes. Blockchain also has nonfinancial applications. Ethereum's smart contract-driven blockchain might be the key to one day unlocking supply chain bottlenecks.</p><p>However, what sounds great on paper doesn't always translate into real-world success. Blockchain continues to suffer from a Catch-22. Businesses won't adopt it till the technology is proven on a broad scale, but no businesses will abandon their existing (and proven) infrastructure to effectively be the guinea pig. Until blockchain matures, big business will keep its distance.</p><p>4. There's virtually no barrier to entry</p><p>Aside from minimal utility, my biggest personal gripe with crypto is there's no barrier to entry. Anyone with the time to code can develop a blockchain and, potentially, a tethered token. According to CoinMarketCap, there are almost 10,000 different cryptocurrencies in its system. While many aren't trading much, if at all, that's an insane number of potential competitors to Bitcoin, Dogecoin, and Ethereum, with the likelihood of many more to come.</p><p>In short, the crypto space is constantly being diluted by an unlimited amount of competition.</p><p><img src=\"https://static.tigerbbs.com/614d7f34734e33d740f7f9c02ed3f8fd\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\"></p><p>Image source: Getty Images.</p><p>5. Centralization remains a problem</p><p>One of the many goals of cryptocurrencies is decentralization. This is to ensure that no one person or small group of people controls a network. Yet according to data from BitInfoCharts.com, ownership in Bitcoin and Dogecoin is fairly centralized. Just 2,155 addresses own almost 42% of all Bitcoin, while 66.6% of all outstanding Dogecoin is owned by only 99 addresses. It's possible folks are waking up to the fact that these financial experiments aren't as decentralized as they were intended to be.</p><p>6. Elon Musk is tugging at heartstrings</p><p>Another reason the crypto bubble is bursting is that it's been artificially driven by tweets from <b>Tesla</b>&nbsp;CEO Elon Musk.</p><p>At first, Musk was all aboard the Bitcoin train. He purchased $1.5 billion Bitcoin for Tesla's balance sheet in February and announced that the company would begin accepting Bitcoin for electric vehicle purchases a month later. Then, after 49 days, he tweeted that Tesla would no longer accept Bitcoin because of the adverse environmental impacts of mining it. He's since turned his attention to Dogecoin.</p><p>The fact that tweets with little or no substance are creating and erasing hundreds of billions of dollars in crypto market value would seem to indicate that a bubble has been brewing for some time.</p><p><img src=\"https://static.tigerbbs.com/4c7f03bc8a60bee0f293f0582f185505\" tg-width=\"700\" tg-height=\"474\" referrerpolicy=\"no-referrer\"></p><p>Image source: Getty Images.</p><p>7. Not all governments are OK with crypto</p><p>The crypto bubble is also popping because some governments aren't OK with allowing cryptocurrencies to undermine their own central bank-backed currencies. Last week, China sent the crypto market into a tailspin after prohibiting banks and online payment channels in the country from offering any services related to the cryptocurrency industry. It should be noted that a lot of Bitcoin mining occurs in China.</p><p>And China's far from alone. Turkey recently enacted a ban on crypto payments. Meanwhile, countries including Bolivia, Ecuador, Nigeria, and Algeria have effectively banned digital currencies. This trend makes the global use case for crypto unlikely.</p><p>8. There are no identifiable real-world correlations</p><p>Yet another issue with crypto is there are no readily identifiable real-world correlations.</p><p>For example, we know that gold and the U.S. dollar have an inverse relationship to one another. When the dollar is declining in value, gold is very likely rising in value. This is a correlation that's been established over a long period of time.</p><p>Bitcoin, Ethereum, and Dogecoin don't have these correlations. Enthusiasts like to point out how crypto is a hedge against inflation, but they forget that Bitcoin has both risen and fallen when the money supply expanded rapidly or slowly. Crypto is driven by emotion and technical analysis, primarily because it has no real-world correlations.</p><p><img src=\"https://static.tigerbbs.com/b04ade705354c4825038c4dfcd0187d9\" tg-width=\"700\" tg-height=\"500\" referrerpolicy=\"no-referrer\"></p><p>Image source: Getty Images.</p><p>9. Leverage is haunting the crypto market</p><p>The cryptocurrency implosion can also be blamed on investors who are over-levered. Some of the most popular crypto exchanges will allow customers to use 50 to 125 times leverage on their actual account equity. While this isn't an uncommon amount of leverage in forex, where currencies move in fractions of a cent, it's absolutely ludicrous for crypto, which can move 3% in the blink of an eye.</p><p>According to data from Bybt.com, via Bloomberg, over 887,000 accounts totaling $9.4 billion in aggregate crypto assets were liquidated as a result of leverage-based margin calls on May 19. Because of this insane leverage, it doesn't take much for things to go south quickly for the crypto market.</p><p>10. Investors always overhype new tech</p><p>Finally, investors frequently overestimate the adoption of new technology. Though there is no shortage of people hyped up about blockchain, it's been more than a half-decade and the blockchain buzz hasn't materialized into meaningful enterprise usage. It takes all next-big-thing technology time to mature, and crypto will be no different.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>10 Reasons the Cryptocurrency Bubble Is Bursting</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n10 Reasons the Cryptocurrency Bubble Is Bursting\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-25 11:57 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/05/24/10-reasons-the-cryptocurrency-bubble-is-bursting/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>This might be more than just a \"healthy pullback.\"For more than 100 years, the stock market has been one of the greatest wealth creators in this country. Stocks might have taken a back seat to housing...</p>\n\n<a href=\"https://www.fool.com/investing/2021/05/24/10-reasons-the-cryptocurrency-bubble-is-bursting/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"V":"Visa","GBTC":"Grayscale Bitcoin Trust","COIN":"Coinbase Global, Inc."},"source_url":"https://www.fool.com/investing/2021/05/24/10-reasons-the-cryptocurrency-bubble-is-bursting/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2137132568","content_text":"This might be more than just a \"healthy pullback.\"For more than 100 years, the stock market has been one of the greatest wealth creators in this country. Stocks might have taken a back seat to housing, oil, gold, or other assets for brief periods of time over the past century, but they've delivered the highest consistent returns of any investment vehicle.That is until cryptocurrencies came along a little over a decade ago.The emergence of Bitcoin (CRYPTO:BTC), Ethereum (CRYPTO:ETH), Dogecoin (CRYPTO:DOGE), and a host of other digital currencies have paved the way for once-in-a-lifetime gains. For instance, a $155 investment in Bitcoin at $1 would have been worth over $1 million when it hit $64,800 a token in mid-April.But over the past two weeks, cryptocurrencies have fallen off a cliff. Some would call this a natural pullback after a monstrous run higher. I have a different name for it: a popping bubble.While there is no shortage of enthusiasts who believe digital currencies are the greatest thing since sliced bread, I believe the crypto market is imploding for 10 very good reasons.Image source: Getty Images.1. There's very minimal real-world utilityOne of the biggest drawbacks of digital currency is that it's virtually useless outside a cryptocurrency exchange. Although we've seen a small number of high-profile companies or organizations accept Bitcoin or Dogecoin, the reality is that the total number of businesses accepting either is microscopic. Approximately 1,300 businesses globally have chosen to accept Dogecoin after eight years, while Fundera found that 15,174 businesses accept Bitcoin, as of December 2020. For some context here, there are an estimated 582 million entrepreneurs worldwide.2. Valuations, relative to transaction data, made no senseEven though valuation is somewhat subjective, one glance at transaction data for the three most popular cryptocurrencies, relative to payment processing juggernauts such as Visa (NYSE:V) and Mastercard (NYSE:MA), would leave anyone's jaw on the floor.The latest Nilson report found that 1.01 billion credit transactions were processed daily in 2018, 700 million of which were handled by Visa and Mastercard. By comparison, Bitcoin, Ethereum, and Dogecoin are processing in the neighborhood of 300,000, 1.4 million, and 50,000 respective transactions on their blockchains each day. All the major cryptos combined can't hold a candle to the processing potential of Visa or Mastercard, yet the Big Three of crypto have a higher combined market value than Visa and Mastercard. That makes no sense.Image source: Getty Images.3. Businesses have been slow to adopt blockchainOn paper, blockchain sounds great. On the financial side of the equation, it's a way to expedite the validation and settlement of payments. Rather than waiting up to a week for cross-border payments to settle, they could be resolved in mere seconds or minutes. Blockchain also has nonfinancial applications. Ethereum's smart contract-driven blockchain might be the key to one day unlocking supply chain bottlenecks.However, what sounds great on paper doesn't always translate into real-world success. Blockchain continues to suffer from a Catch-22. Businesses won't adopt it till the technology is proven on a broad scale, but no businesses will abandon their existing (and proven) infrastructure to effectively be the guinea pig. Until blockchain matures, big business will keep its distance.4. There's virtually no barrier to entryAside from minimal utility, my biggest personal gripe with crypto is there's no barrier to entry. Anyone with the time to code can develop a blockchain and, potentially, a tethered token. According to CoinMarketCap, there are almost 10,000 different cryptocurrencies in its system. While many aren't trading much, if at all, that's an insane number of potential competitors to Bitcoin, Dogecoin, and Ethereum, with the likelihood of many more to come.In short, the crypto space is constantly being diluted by an unlimited amount of competition.Image source: Getty Images.5. Centralization remains a problemOne of the many goals of cryptocurrencies is decentralization. This is to ensure that no one person or small group of people controls a network. Yet according to data from BitInfoCharts.com, ownership in Bitcoin and Dogecoin is fairly centralized. Just 2,155 addresses own almost 42% of all Bitcoin, while 66.6% of all outstanding Dogecoin is owned by only 99 addresses. It's possible folks are waking up to the fact that these financial experiments aren't as decentralized as they were intended to be.6. Elon Musk is tugging at heartstringsAnother reason the crypto bubble is bursting is that it's been artificially driven by tweets from Tesla CEO Elon Musk.At first, Musk was all aboard the Bitcoin train. He purchased $1.5 billion Bitcoin for Tesla's balance sheet in February and announced that the company would begin accepting Bitcoin for electric vehicle purchases a month later. Then, after 49 days, he tweeted that Tesla would no longer accept Bitcoin because of the adverse environmental impacts of mining it. He's since turned his attention to Dogecoin.The fact that tweets with little or no substance are creating and erasing hundreds of billions of dollars in crypto market value would seem to indicate that a bubble has been brewing for some time.Image source: Getty Images.7. Not all governments are OK with cryptoThe crypto bubble is also popping because some governments aren't OK with allowing cryptocurrencies to undermine their own central bank-backed currencies. Last week, China sent the crypto market into a tailspin after prohibiting banks and online payment channels in the country from offering any services related to the cryptocurrency industry. It should be noted that a lot of Bitcoin mining occurs in China.And China's far from alone. Turkey recently enacted a ban on crypto payments. Meanwhile, countries including Bolivia, Ecuador, Nigeria, and Algeria have effectively banned digital currencies. This trend makes the global use case for crypto unlikely.8. There are no identifiable real-world correlationsYet another issue with crypto is there are no readily identifiable real-world correlations.For example, we know that gold and the U.S. dollar have an inverse relationship to one another. When the dollar is declining in value, gold is very likely rising in value. This is a correlation that's been established over a long period of time.Bitcoin, Ethereum, and Dogecoin don't have these correlations. Enthusiasts like to point out how crypto is a hedge against inflation, but they forget that Bitcoin has both risen and fallen when the money supply expanded rapidly or slowly. Crypto is driven by emotion and technical analysis, primarily because it has no real-world correlations.Image source: Getty Images.9. Leverage is haunting the crypto marketThe cryptocurrency implosion can also be blamed on investors who are over-levered. Some of the most popular crypto exchanges will allow customers to use 50 to 125 times leverage on their actual account equity. While this isn't an uncommon amount of leverage in forex, where currencies move in fractions of a cent, it's absolutely ludicrous for crypto, which can move 3% in the blink of an eye.According to data from Bybt.com, via Bloomberg, over 887,000 accounts totaling $9.4 billion in aggregate crypto assets were liquidated as a result of leverage-based margin calls on May 19. Because of this insane leverage, it doesn't take much for things to go south quickly for the crypto market.10. Investors always overhype new techFinally, investors frequently overestimate the adoption of new technology. Though there is no shortage of people hyped up about blockchain, it's been more than a half-decade and the blockchain buzz hasn't materialized into meaningful enterprise usage. It takes all next-big-thing technology time to mature, and crypto will be no different.","news_type":1},"isVote":1,"tweetType":1,"viewCount":178,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":192563661,"gmtCreate":1621216607553,"gmtModify":1634193324332,"author":{"id":"3581561214996277","authorId":"3581561214996277","name":"CHENGHOE","avatar":"https://static.tigerbbs.com/96f6b5364f0ba041d6ae45f7d4302867","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581561214996277","authorIdStr":"3581561214996277"},"themes":[],"htmlText":"My view is wait for a while&nbsp;it will still dip further and but will&nbsp;end&nbsp;soon and so time to buy in. Bitcoin is a valuable asset to own and it will grow in long term. Hodl you will gain more than lose.","listText":"My view is wait for a while&nbsp;it will still dip further and but will&nbsp;end&nbsp;soon and so time to buy in. Bitcoin is a valuable asset to own and it will grow in long term. Hodl you will gain more than lose.","text":"My view is wait for a while it will still dip further and but will end soon and so time to buy in. Bitcoin is a valuable asset to own and it will grow in long term. Hodl you will gain more than lose.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/192563661","repostId":"1134346216","repostType":4,"repost":{"id":"1134346216","kind":"news","pubTimestamp":1621208272,"share":"https://www.laohu8.com/m/news/1134346216?lang=&edition=full","pubTime":"2021-05-17 07:37","market":"us","language":"en","title":"Bitcoin Tumbles After Musk Implies Tesla May Sell Cryptocurrency","url":"https://stock-news.laohu8.com/highlight/detail?id=1134346216","media":"Bloomberg","summary":"(Bloomberg) -- Elon Musk continued to whipsaw the price of Bitcoin, briefly sending it to the lowest","content":"<p>(Bloomberg) -- Elon Musk continued to whipsaw the price of Bitcoin, briefly sending it to the lowest since February after implying in a Twitter exchange Sunday that Tesla Inc. may sell or has sold its cryptocurrency holdings.</p>\n<p>Bitcoin slid below $45,000 for the first time in almost three months after the billionaire owner of the electric-car maker seemed to agree with a Twitter post that said Tesla should divest what at one point was a $1.5 billion stake in the largest cryptocurrency. It traded at $45,270 as of 5:51 p.m. in New York, down about $4,000 from where it ended Friday.</p>\n<p>The online commentary was the latest from the mercurial billionaire in a week of public statements that have roiled digital tokens. He lopped nearly $10,000 off the price of Bitcoin in hours last Wednesday after saying Tesla wouldn’t take it for cars. A few days earlier, he hosted “Saturday Night Live” and joked that Dogecoin, a token he had previously promoted, was a “hustle,” denting its price. Days later he tweeted he was working with Doge developers to improve its transaction efficiency.</p>\n<p>Musk’s disclosure in early February that Tesla used $1.5 billion of its nearly $20 billion in corporate cash to buy Bitcoin sent the token’s price to record and lent legitimacy to electronic currencies, which have become more of a mainstream asset in recent years despite some skepticism.</p>\n<p>His latest dustup with Bitcoin started with a tweet from a person using the handle @CryptoWhale, which said, “Bitcoiners are going to slap themselves next quarter when they find out Tesla dumped the rest of their #Bitcoin holdings. With the amount of hate @elonmusk is getting, I wouldn’t blame him...”</p>\n<p>The Tesla chief executive officer responded, “Indeed.”</p>\n<p>The twitter account @CryptoWhale, which calls itself a “crypto analyst” in its bio, also publishes a Medium blog on market and crypto trends.</p>\n<p>Musk has spent hours Sunday hitting back at several different users on Twitter who criticized his change of stance on Bitcoin last week, a move he said was sparked by environmental concerns over the power demands to process Bitcoin transactions. He said at the time that the company wouldn’t be selling any Bitcoin it holds.</p>\n<p>An outspoken supporter of cryptocurrencies with cult-like following on social media, Musk holds immense sway with his market-moving tweets. He has been touting Dogecoin and significantly elevated the profile of the coin, which started as a joke and now ranks the 5th largest by market value.</p>\n<p>Dogecoin is down 9.6% in the last 24 hours, trading at 47 cents late Sunday afternoon, according to data from CoinMarketCap.com.</p>\n<p>Tesla didn’t immediately respond to an email seeking comment on Musk’s tweet on Sunday.</p>\n<p>Musk’s Sunday social-media escapades were the latest chapter in one of the zaniest weeks in a crypto world famous for its wildness. For die hards, the renewed slumps in Bitcoin and other tokens have done nothing to deter crypto enthusiasts who say digital coins could many times their current value if they transform the financial system.</p>\n<p>“We’re looking at the long-term and so these blips, they don’t faze us,” Emilie Choi, president and chief operating officer of crypto exchange Coinbase Global Inc., said last week on Bloomberg TV about the wild swings prevalent in the market. “You’re looking for the long-term opportunity and you kind of buckle up and go for it.”</p>\n<p>Seat belts were needed by anyone watching the crypto world in the past eight days. Aside from Musk’s antics that sent Doge and Bitcoin on wild rides, a host of other developments pushed around prices.</p>\n<p>Tether, the world’s largest stablecoin, disclosed a reserves breakdown that showed a large portion in unspecified commercial paper. Steve Cohen’s Point72 Asset Management announced that it would begin trading cryptocurrencies. And a longstanding critique of the space reared its head again: illicit usage.</p>\n<p>It was reported that the owners of the Colonial Pipeline paid a $5 million ransom in untraceable digital currencies to hackers that attacked its infrastructure, while Bloomberg also reported that Binance Holdings Ltd., the world’s biggest cryptocurrency exchange, was under investigation by the Justice Department and Internal Revenue Service in relation to possible money-laundering and tax offenses.</p>\n<p>But, “for many crypto assets such as Bitcoin and Ethereum, the long-term story has not changed,” said Simon Peters, an analyst at multi-asset investment platform eToro. “This emerging asset class continues to revolutionize many aspects of financial services, and while nothing goes up in a straight line, the long-term fundamentals for crypto assets remain as solid as ever.”</p>\n<p>Bitcoin was already swinging wildly on the weekend before Musk tweeted. The two days tend to be particularly volatile for cryptocurrencies, which -- unlike most traditional assets -- trade around the clock every day of the week. Bitcoin’s average swing on Saturdays and Sundays so far this year comes in at 4.95%.</p>\n<p>That type of volatility is owing to a few factors: Bitcoin’s held by relatively few people, meaning that price swings can be magnified during low-volume periods. And, the market remains hugely fragmented with dozens of platforms operating under different standards. That means cryptocurrencies lack a centralized market structure akin to that of traditional assets.</p>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin Tumbles After Musk Implies Tesla May Sell Cryptocurrency</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin Tumbles After Musk Implies Tesla May Sell Cryptocurrency\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-17 07:37 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/musk-implies-tesla-may-sell-192401769.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Elon Musk continued to whipsaw the price of Bitcoin, briefly sending it to the lowest since February after implying in a Twitter exchange Sunday that Tesla Inc. may sell or has sold its...</p>\n\n<a href=\"https://finance.yahoo.com/news/musk-implies-tesla-may-sell-192401769.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://finance.yahoo.com/news/musk-implies-tesla-may-sell-192401769.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1134346216","content_text":"(Bloomberg) -- Elon Musk continued to whipsaw the price of Bitcoin, briefly sending it to the lowest since February after implying in a Twitter exchange Sunday that Tesla Inc. may sell or has sold its cryptocurrency holdings.\nBitcoin slid below $45,000 for the first time in almost three months after the billionaire owner of the electric-car maker seemed to agree with a Twitter post that said Tesla should divest what at one point was a $1.5 billion stake in the largest cryptocurrency. It traded at $45,270 as of 5:51 p.m. in New York, down about $4,000 from where it ended Friday.\nThe online commentary was the latest from the mercurial billionaire in a week of public statements that have roiled digital tokens. He lopped nearly $10,000 off the price of Bitcoin in hours last Wednesday after saying Tesla wouldn’t take it for cars. A few days earlier, he hosted “Saturday Night Live” and joked that Dogecoin, a token he had previously promoted, was a “hustle,” denting its price. Days later he tweeted he was working with Doge developers to improve its transaction efficiency.\nMusk’s disclosure in early February that Tesla used $1.5 billion of its nearly $20 billion in corporate cash to buy Bitcoin sent the token’s price to record and lent legitimacy to electronic currencies, which have become more of a mainstream asset in recent years despite some skepticism.\nHis latest dustup with Bitcoin started with a tweet from a person using the handle @CryptoWhale, which said, “Bitcoiners are going to slap themselves next quarter when they find out Tesla dumped the rest of their #Bitcoin holdings. With the amount of hate @elonmusk is getting, I wouldn’t blame him...”\nThe Tesla chief executive officer responded, “Indeed.”\nThe twitter account @CryptoWhale, which calls itself a “crypto analyst” in its bio, also publishes a Medium blog on market and crypto trends.\nMusk has spent hours Sunday hitting back at several different users on Twitter who criticized his change of stance on Bitcoin last week, a move he said was sparked by environmental concerns over the power demands to process Bitcoin transactions. He said at the time that the company wouldn’t be selling any Bitcoin it holds.\nAn outspoken supporter of cryptocurrencies with cult-like following on social media, Musk holds immense sway with his market-moving tweets. He has been touting Dogecoin and significantly elevated the profile of the coin, which started as a joke and now ranks the 5th largest by market value.\nDogecoin is down 9.6% in the last 24 hours, trading at 47 cents late Sunday afternoon, according to data from CoinMarketCap.com.\nTesla didn’t immediately respond to an email seeking comment on Musk’s tweet on Sunday.\nMusk’s Sunday social-media escapades were the latest chapter in one of the zaniest weeks in a crypto world famous for its wildness. For die hards, the renewed slumps in Bitcoin and other tokens have done nothing to deter crypto enthusiasts who say digital coins could many times their current value if they transform the financial system.\n“We’re looking at the long-term and so these blips, they don’t faze us,” Emilie Choi, president and chief operating officer of crypto exchange Coinbase Global Inc., said last week on Bloomberg TV about the wild swings prevalent in the market. “You’re looking for the long-term opportunity and you kind of buckle up and go for it.”\nSeat belts were needed by anyone watching the crypto world in the past eight days. Aside from Musk’s antics that sent Doge and Bitcoin on wild rides, a host of other developments pushed around prices.\nTether, the world’s largest stablecoin, disclosed a reserves breakdown that showed a large portion in unspecified commercial paper. Steve Cohen’s Point72 Asset Management announced that it would begin trading cryptocurrencies. And a longstanding critique of the space reared its head again: illicit usage.\nIt was reported that the owners of the Colonial Pipeline paid a $5 million ransom in untraceable digital currencies to hackers that attacked its infrastructure, while Bloomberg also reported that Binance Holdings Ltd., the world’s biggest cryptocurrency exchange, was under investigation by the Justice Department and Internal Revenue Service in relation to possible money-laundering and tax offenses.\nBut, “for many crypto assets such as Bitcoin and Ethereum, the long-term story has not changed,” said Simon Peters, an analyst at multi-asset investment platform eToro. “This emerging asset class continues to revolutionize many aspects of financial services, and while nothing goes up in a straight line, the long-term fundamentals for crypto assets remain as solid as ever.”\nBitcoin was already swinging wildly on the weekend before Musk tweeted. The two days tend to be particularly volatile for cryptocurrencies, which -- unlike most traditional assets -- trade around the clock every day of the week. Bitcoin’s average swing on Saturdays and Sundays so far this year comes in at 4.95%.\nThat type of volatility is owing to a few factors: Bitcoin’s held by relatively few people, meaning that price swings can be magnified during low-volume periods. And, the market remains hugely fragmented with dozens of platforms operating under different standards. That means cryptocurrencies lack a centralized market structure akin to that of traditional assets.","news_type":1},"isVote":1,"tweetType":1,"viewCount":469,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":105122834,"gmtCreate":1620280201328,"gmtModify":1634206400328,"author":{"id":"3581561214996277","authorId":"3581561214996277","name":"CHENGHOE","avatar":"https://static.tigerbbs.com/96f6b5364f0ba041d6ae45f7d4302867","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581561214996277","authorIdStr":"3581561214996277"},"themes":[],"htmlText":"It is a coin to watch for other than doge coin.","listText":"It is a coin to watch for other than doge coin.","text":"It is a coin to watch for other than doge coin.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/105122834","repostId":"1197402336","repostType":4,"repost":{"id":"1197402336","kind":"news","pubTimestamp":1620273156,"share":"https://www.laohu8.com/m/news/1197402336?lang=&edition=full","pubTime":"2021-05-06 11:52","market":"sh","language":"en","title":"Is Ethereum Classic's Outpacing Of Bitcoin, Ethereum, Dogecoin Gains All About Being 'Cheaper?'","url":"https://stock-news.laohu8.com/highlight/detail?id=1197402336","media":"Benzinga","summary":"Gains in Ethereum Classic(ETC) continue to outpace the ones made by the cryptocurrency’s peers Bitco","content":"<p>Gains in&nbsp;<b>Ethereum Classic</b>(ETC) continue to outpace the ones made by the cryptocurrency’s peers&nbsp;<b>Bitcoin</b>(BTC),<b>Ethereum</b>(ETH), and<b>Dogecoin</b>(DOGE), which all enjoy larger market capitalizations.</p><p><b>What Happened:</b>ETC has soared 160.83% in a seven-day trailing period, while BTC and ETH have risen 3.54% and 26.80% in a similar period, according to CoinMarketCap data.</p><p>At press time on Wednesday night, ETC traded 16.85% higher at $90.06 in a 24-hour period. BTC was up 4.46% at $57,201.19 and ETH was higher by 3.71% at $3,484.</p><p>ETC is trading 10.43% below the all-time high of $100.03 it reached on Wednesday.</p><p>Ethereum Classiccame into existenceafter a hard fork of the Ethereum blockchain took place in 2016 due to prevailing disagreements at the time in the community.</p><p>Barry Silbert&nbsp;— CEO of Digital Currency Group, which owns Grayscale&nbsp;— is a well-known proponent of ETC.</p><p>On Wednesday, Ethereum Classic noted that the<b>Grayscale Ethereum Classic Trust</b>(OTC:ETCG) has over $1 billion in assets under management.<img src=\"https://static.tigerbbs.com/18a04b786e01b25f9feb9f9e93d0d366\" tg-width=\"555\" tg-height=\"892\" referrerpolicy=\"no-referrer\">ETCG closed 27.76% higher at $67.15 on Wednesday.</p><p><b>Why It Matters:</b>ETC has caught the attention of the social media investment crowd. The cryptocurrency’s ticker featured in the&nbsp;Stocktwits list of top 10 trending streams at press time.</p><p>The rise in ETC is despite the fact that it is not typically classified as an “Ethereum Killer,” which is thecase with several coinssuch as<b>Polkadot</b>(DOT),<b>Solana</b>(SOL), and<b>Cardano</b>(ADA).</p><p>Synergia Capital’s head of research, Denis Vinokourov, said that the rise in ETC “appears to be dominated by ‘cheaper’ Ethereum play and retail flow that has pushed DOGE to sky-high levels,” CoinDeskreported, dubbing the surge in ETC as a sign of froth in the cryptocurrency market.</p><p>ETC’s retail fueled rise is similar to the story of<b>Dogecoin</b>(DOGE), which has soared 13,604.64% since the year began. However, even DOGE’s weekly gains of 102.68% are weaker than those of ETC. DOGE traded 6.63% higher at $0.63 at press time.</p>","source":"lsy1606299360108","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Is Ethereum Classic's Outpacing Of Bitcoin, Ethereum, Dogecoin Gains All About Being 'Cheaper?'</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIs Ethereum Classic's Outpacing Of Bitcoin, Ethereum, Dogecoin Gains All About Being 'Cheaper?'\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-06 11:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/markets/cannabis/21/05/20980403/is-ethereum-classics-outpacing-of-bitcoin-ethereum-dogecoin-gains-all-about-being-cheaper><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Gains in Ethereum Classic(ETC) continue to outpace the ones made by the cryptocurrency’s peers Bitcoin(BTC),Ethereum(ETH), andDogecoin(DOGE), which all enjoy larger market capitalizations.What ...</p>\n\n<a href=\"https://www.benzinga.com/markets/cannabis/21/05/20980403/is-ethereum-classics-outpacing-of-bitcoin-ethereum-dogecoin-gains-all-about-being-cheaper\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.benzinga.com/markets/cannabis/21/05/20980403/is-ethereum-classics-outpacing-of-bitcoin-ethereum-dogecoin-gains-all-about-being-cheaper","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1197402336","content_text":"Gains in Ethereum Classic(ETC) continue to outpace the ones made by the cryptocurrency’s peers Bitcoin(BTC),Ethereum(ETH), andDogecoin(DOGE), which all enjoy larger market capitalizations.What Happened:ETC has soared 160.83% in a seven-day trailing period, while BTC and ETH have risen 3.54% and 26.80% in a similar period, according to CoinMarketCap data.At press time on Wednesday night, ETC traded 16.85% higher at $90.06 in a 24-hour period. BTC was up 4.46% at $57,201.19 and ETH was higher by 3.71% at $3,484.ETC is trading 10.43% below the all-time high of $100.03 it reached on Wednesday.Ethereum Classiccame into existenceafter a hard fork of the Ethereum blockchain took place in 2016 due to prevailing disagreements at the time in the community.Barry Silbert — CEO of Digital Currency Group, which owns Grayscale — is a well-known proponent of ETC.On Wednesday, Ethereum Classic noted that theGrayscale Ethereum Classic Trust(OTC:ETCG) has over $1 billion in assets under management.ETCG closed 27.76% higher at $67.15 on Wednesday.Why It Matters:ETC has caught the attention of the social media investment crowd. The cryptocurrency’s ticker featured in the Stocktwits list of top 10 trending streams at press time.The rise in ETC is despite the fact that it is not typically classified as an “Ethereum Killer,” which is thecase with several coinssuch asPolkadot(DOT),Solana(SOL), andCardano(ADA).Synergia Capital’s head of research, Denis Vinokourov, said that the rise in ETC “appears to be dominated by ‘cheaper’ Ethereum play and retail flow that has pushed DOGE to sky-high levels,” CoinDeskreported, dubbing the surge in ETC as a sign of froth in the cryptocurrency market.ETC’s retail fueled rise is similar to the story ofDogecoin(DOGE), which has soared 13,604.64% since the year began. However, even DOGE’s weekly gains of 102.68% are weaker than those of ETC. DOGE traded 6.63% higher at $0.63 at press time.","news_type":1},"isVote":1,"tweetType":1,"viewCount":424,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":161245109,"gmtCreate":1623931606301,"gmtModify":1634025732931,"author":{"id":"3581561214996277","authorId":"3581561214996277","name":"CHENGHOE","avatar":"https://static.tigerbbs.com/96f6b5364f0ba041d6ae45f7d4302867","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581561214996277","authorIdStr":"3581561214996277"},"themes":[],"htmlText":"It time to go for retraining again.","listText":"It time to go for retraining again.","text":"It time to go for retraining again.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/161245109","repostId":"1186659190","repostType":4,"isVote":1,"tweetType":1,"viewCount":493,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":197761783,"gmtCreate":1621486732642,"gmtModify":1634188729151,"author":{"id":"3581561214996277","authorId":"3581561214996277","name":"CHENGHOE","avatar":"https://static.tigerbbs.com/96f6b5364f0ba041d6ae45f7d4302867","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581561214996277","authorIdStr":"3581561214996277"},"themes":[],"htmlText":"Bitcoin will soon&nbsp;recover and keep hodl, don't panic and dump.","listText":"Bitcoin will soon&nbsp;recover and keep hodl, don't panic and dump.","text":"Bitcoin will soon recover and keep hodl, don't panic and dump.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/197761783","repostId":"2136866946","repostType":4,"repost":{"id":"2136866946","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1621481700,"share":"https://www.laohu8.com/m/news/2136866946?lang=&edition=full","pubTime":"2021-05-20 11:35","market":"us","language":"en","title":"Why is crypto crashing? Will bitcoin prices ever recover? Here's what traders and investors say","url":"https://stock-news.laohu8.com/highlight/detail?id=2136866946","media":"Dow Jones","summary":"Bitcoin sold off sharply Wednesday. The slump represented an acceleration of a downtrend in the worl","content":"<p>Bitcoin sold off sharply Wednesday. The slump represented an acceleration of a downtrend in the world's No. 1 crypto that had begun over the past 10 days or so, investors and industry specialists told MarketWatch.</p><p>At last check, bitcoin prices  were changing hands at $38,732,56 on CoinDesk, which is actually a remarkable feat since it touched a session low of $30,201.96 before bouncing back.</p><p>Prices of Ether  on the ethereum blockchain were off 22% at $2,608.84 after touching an intraday nadir at 1,902.08, and dogecoin  was off 25%, changing hands at 35.8 cents.</p><p>When bitcoin sneezes the rest of the crypto complex catches a cold because the dominant digital asset has increasingly become a gauge of sentiment not just in nonconventional markets but as a measure of risk appetite more broadly.</p><p>Crypto markets have shaved more than $850 billion from their combined market value, according to CoinMarketCap.com .</p><p>The stock market also saw substantial selling on the day, which abated somewhat by the closing bell. The Dow Jones Industrial Average , the S&amp;P 500 index  and the Nasdaq Composite Index  suffered a third straight day of losses.</p><p><b>Why is bitcoin crashing?</b></p><p>Don't call it a crash. Bitcoin is falling, but its an asset known for volatile periods.</p><p>Its current slump isn't pegged to <a href=\"https://laohu8.com/S/AONE\">one</a> single event or piece of news but was instead being blamed on fear, uncertainty and doubt, or FUD, in the parlance of crypto traders. Fear, at least partly, centered on China's digital-asset policy. The People's Republic was reportedly cracking down in the use of digital assets. For veteran crypto investors, such reports aren't new.</p><p>Meanwhile, bearish tweets from crypto enthusiast Elon Musk were also credited with tanking the crypto complex. Musk said earlier this month that he would no longer allow bitcoin to be used for payment at electric-vehicle maker Tesla <a href=\"https://laohu8.com/S/TSLA\">$(TSLA)$</a> until the crypto becomes more environmentally friendly.</p><p>Musk had been <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the key reasons that crypto broadly had been on an uptrend, with his tweets on meme coin dogecoin and bitcoin supporting an uptrend in those assets.</p><p>Separately, analysts at JPMorgan Chase &amp; Co. <a href=\"https://laohu8.com/S/JPM\">$(JPM)$</a>, including Nikolaos Panigirtzoglou, make the case that investors in bitcoin were shifting to gold futures , which coincidentally has been seeing steady climbs in recent trade.</p><p>\"Institutional investors appear to be shifting away from bitcoin and back into traditional gold,\" they wrote.</p><p>Market participants told MarketWatch that Wednesday's losses also were being amplified by the use of leverage which was forcing margin calls at some crypto trading platforms.</p><p>Complicating matters, some crypto trading platforms, including Coinbase Global <a href=\"https://laohu8.com/S/COIN\">$(COIN)$</a>, experienced outages that appeared to help put further pressure on prices.</p><p>A spokeswoman for Coinbase said that the company's trading problems have since been resolved.</p><p><b>Will bitcoin prices recover?</b></p><p>Bitcoin and crypto are inherently volatile.</p><p>That said, bullish investors are advocating that long-term investors stay the course  or review their original investment thesis before dumping crypto holdings.</p><p>Over the course of the past 11 years, bitcoin has seen more than 750 instances where prices saw a daily change of 5% or greater, more than 230 instances in which it swung by at least 10% and nearly 50 times that it has moved by at least 20%, according to Dow Jones Market Data.</p><p><img src=\"https://static.tigerbbs.com/3a9b524aebc2782da130debec2184082\" tg-width=\"936\" tg-height=\"204\"></p><p>\"Correction in the cryptocurrency market is a common phenomenon. It doesn't mean, however, that a bear market is under way,\" wrote Konstantin Boyko-Romanovsky, CEO and founder of Allnodes, in emailed comments.</p><p>To be sure, past performance is no guarantee of future results but that is what bullish investors tend to hang their hats on when they advocate for long-term ownership of bitcoin and its ilk.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why is crypto crashing? Will bitcoin prices ever recover? Here's what traders and investors say</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy is crypto crashing? Will bitcoin prices ever recover? Here's what traders and investors say\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2021-05-20 11:35</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>Bitcoin sold off sharply Wednesday. The slump represented an acceleration of a downtrend in the world's No. 1 crypto that had begun over the past 10 days or so, investors and industry specialists told MarketWatch.</p><p>At last check, bitcoin prices  were changing hands at $38,732,56 on CoinDesk, which is actually a remarkable feat since it touched a session low of $30,201.96 before bouncing back.</p><p>Prices of Ether  on the ethereum blockchain were off 22% at $2,608.84 after touching an intraday nadir at 1,902.08, and dogecoin  was off 25%, changing hands at 35.8 cents.</p><p>When bitcoin sneezes the rest of the crypto complex catches a cold because the dominant digital asset has increasingly become a gauge of sentiment not just in nonconventional markets but as a measure of risk appetite more broadly.</p><p>Crypto markets have shaved more than $850 billion from their combined market value, according to CoinMarketCap.com .</p><p>The stock market also saw substantial selling on the day, which abated somewhat by the closing bell. The Dow Jones Industrial Average , the S&amp;P 500 index  and the Nasdaq Composite Index  suffered a third straight day of losses.</p><p><b>Why is bitcoin crashing?</b></p><p>Don't call it a crash. Bitcoin is falling, but its an asset known for volatile periods.</p><p>Its current slump isn't pegged to <a href=\"https://laohu8.com/S/AONE\">one</a> single event or piece of news but was instead being blamed on fear, uncertainty and doubt, or FUD, in the parlance of crypto traders. Fear, at least partly, centered on China's digital-asset policy. The People's Republic was reportedly cracking down in the use of digital assets. For veteran crypto investors, such reports aren't new.</p><p>Meanwhile, bearish tweets from crypto enthusiast Elon Musk were also credited with tanking the crypto complex. Musk said earlier this month that he would no longer allow bitcoin to be used for payment at electric-vehicle maker Tesla <a href=\"https://laohu8.com/S/TSLA\">$(TSLA)$</a> until the crypto becomes more environmentally friendly.</p><p>Musk had been <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the key reasons that crypto broadly had been on an uptrend, with his tweets on meme coin dogecoin and bitcoin supporting an uptrend in those assets.</p><p>Separately, analysts at JPMorgan Chase &amp; Co. <a href=\"https://laohu8.com/S/JPM\">$(JPM)$</a>, including Nikolaos Panigirtzoglou, make the case that investors in bitcoin were shifting to gold futures , which coincidentally has been seeing steady climbs in recent trade.</p><p>\"Institutional investors appear to be shifting away from bitcoin and back into traditional gold,\" they wrote.</p><p>Market participants told MarketWatch that Wednesday's losses also were being amplified by the use of leverage which was forcing margin calls at some crypto trading platforms.</p><p>Complicating matters, some crypto trading platforms, including Coinbase Global <a href=\"https://laohu8.com/S/COIN\">$(COIN)$</a>, experienced outages that appeared to help put further pressure on prices.</p><p>A spokeswoman for Coinbase said that the company's trading problems have since been resolved.</p><p><b>Will bitcoin prices recover?</b></p><p>Bitcoin and crypto are inherently volatile.</p><p>That said, bullish investors are advocating that long-term investors stay the course  or review their original investment thesis before dumping crypto holdings.</p><p>Over the course of the past 11 years, bitcoin has seen more than 750 instances where prices saw a daily change of 5% or greater, more than 230 instances in which it swung by at least 10% and nearly 50 times that it has moved by at least 20%, according to Dow Jones Market Data.</p><p><img src=\"https://static.tigerbbs.com/3a9b524aebc2782da130debec2184082\" tg-width=\"936\" tg-height=\"204\"></p><p>\"Correction in the cryptocurrency market is a common phenomenon. It doesn't mean, however, that a bear market is under way,\" wrote Konstantin Boyko-Romanovsky, CEO and founder of Allnodes, in emailed comments.</p><p>To be sure, past performance is no guarantee of future results but that is what bullish investors tend to hang their hats on when they advocate for long-term ownership of bitcoin and its ilk.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","JPM":"摩根大通","COIN":"Coinbase Global, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2136866946","content_text":"Bitcoin sold off sharply Wednesday. The slump represented an acceleration of a downtrend in the world's No. 1 crypto that had begun over the past 10 days or so, investors and industry specialists told MarketWatch.At last check, bitcoin prices  were changing hands at $38,732,56 on CoinDesk, which is actually a remarkable feat since it touched a session low of $30,201.96 before bouncing back.Prices of Ether  on the ethereum blockchain were off 22% at $2,608.84 after touching an intraday nadir at 1,902.08, and dogecoin  was off 25%, changing hands at 35.8 cents.When bitcoin sneezes the rest of the crypto complex catches a cold because the dominant digital asset has increasingly become a gauge of sentiment not just in nonconventional markets but as a measure of risk appetite more broadly.Crypto markets have shaved more than $850 billion from their combined market value, according to CoinMarketCap.com .The stock market also saw substantial selling on the day, which abated somewhat by the closing bell. The Dow Jones Industrial Average , the S&P 500 index  and the Nasdaq Composite Index  suffered a third straight day of losses.Why is bitcoin crashing?Don't call it a crash. Bitcoin is falling, but its an asset known for volatile periods.Its current slump isn't pegged to one single event or piece of news but was instead being blamed on fear, uncertainty and doubt, or FUD, in the parlance of crypto traders. Fear, at least partly, centered on China's digital-asset policy. The People's Republic was reportedly cracking down in the use of digital assets. For veteran crypto investors, such reports aren't new.Meanwhile, bearish tweets from crypto enthusiast Elon Musk were also credited with tanking the crypto complex. Musk said earlier this month that he would no longer allow bitcoin to be used for payment at electric-vehicle maker Tesla $(TSLA)$ until the crypto becomes more environmentally friendly.Musk had been one of the key reasons that crypto broadly had been on an uptrend, with his tweets on meme coin dogecoin and bitcoin supporting an uptrend in those assets.Separately, analysts at JPMorgan Chase & Co. $(JPM)$, including Nikolaos Panigirtzoglou, make the case that investors in bitcoin were shifting to gold futures , which coincidentally has been seeing steady climbs in recent trade.\"Institutional investors appear to be shifting away from bitcoin and back into traditional gold,\" they wrote.Market participants told MarketWatch that Wednesday's losses also were being amplified by the use of leverage which was forcing margin calls at some crypto trading platforms.Complicating matters, some crypto trading platforms, including Coinbase Global $(COIN)$, experienced outages that appeared to help put further pressure on prices.A spokeswoman for Coinbase said that the company's trading problems have since been resolved.Will bitcoin prices recover?Bitcoin and crypto are inherently volatile.That said, bullish investors are advocating that long-term investors stay the course  or review their original investment thesis before dumping crypto holdings.Over the course of the past 11 years, bitcoin has seen more than 750 instances where prices saw a daily change of 5% or greater, more than 230 instances in which it swung by at least 10% and nearly 50 times that it has moved by at least 20%, according to Dow Jones Market Data.\"Correction in the cryptocurrency market is a common phenomenon. It doesn't mean, however, that a bear market is under way,\" wrote Konstantin Boyko-Romanovsky, CEO and founder of Allnodes, in emailed comments.To be sure, past performance is no guarantee of future results but that is what bullish investors tend to hang their hats on when they advocate for long-term ownership of bitcoin and its ilk.","news_type":1},"isVote":1,"tweetType":1,"viewCount":553,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":139305156,"gmtCreate":1621589148775,"gmtModify":1634187843884,"author":{"id":"3581561214996277","authorId":"3581561214996277","name":"CHENGHOE","avatar":"https://static.tigerbbs.com/96f6b5364f0ba041d6ae45f7d4302867","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581561214996277","authorIdStr":"3581561214996277"},"themes":[],"htmlText":"I still haven't earn&nbsp;any profit since I bought the stock it is still under performance.&nbsp;","listText":"I still haven't earn&nbsp;any profit since I bought the stock it is still under performance.&nbsp;","text":"I still haven't earn any profit since I bought the stock it is still under performance.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/139305156","repostId":"1169607285","repostType":4,"repost":{"id":"1169607285","kind":"news","weMediaInfo":{"introduction":"全球第五大财经门户网站Investing.com中国官方微信，提供全球各国海量金融资讯和实时行情数据，包括股票股指、外汇、期货、基金、债券、加密货币等。关注全球金融市场动态的投资者千万不可错过。","home_visible":1,"media_name":"英为财情Investing","id":"92","head_image":"https://static.tigerbbs.com/406e2b4996e14cd8a66a2a6864ef4313"},"pubTimestamp":1621585714,"share":"https://www.laohu8.com/m/news/1169607285?lang=&edition=full","pubTime":"2021-05-21 16:28","market":"us","language":"en","title":"Cathie Wood’s Ark Is Buying Coinbase, Should You?","url":"https://stock-news.laohu8.com/highlight/detail?id=1169607285","media":"英为财情Investing","summary":"Coinbase Global (NASDAQ:COIN) closed Wednesday at a record low after a wild trading session that saw","content":"<p>Coinbase Global (NASDAQ:COIN) closed Wednesday at a record low after a wild trading session that saw the price ofBitcoinswing by about $10,000. The largest US cryptocurrency exchange fell as much as 13% before paring the loss to close down 5.9% at $224.80 amid a broader rout in cryptocurrencies.&nbsp;Yesterday, Coinbase gained about 3.8% to close at $233.39.</p>\n<p>Since its initial public offering last month, Coinbase has lost more than a third of its value. The decline of this magnitude is prompting some proponents of this asset class to jump in and buy this beaten-down stock.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/34645400c459bdd55a45a1fb5649c585\" tg-width=\"1290\" tg-height=\"1094\"><span>COIN 2 Hr</span></p>\n<p>Ark Invest’s Cathie Wood is doubling down on her Coinbase bet, snapping up more shares of the cryptocurrency exchange as its value declines. Wood has purchased more than $90 million of Coinbase since Monday, according to the firm’s trading wrapper.</p>\n<p>The head of Ark Investment Management said in an interview on Bloomberg TV that she still expects the cryptocurrency to reach a price of $500,000.</p>\n<p>She said:</p>\n<blockquote>\n “We go through soul searching times like this and scrape the models, and yes our conviction is just as high.”\n</blockquote>\n<p>Sharp moves in cryptocurrencies should not scare investors away from the strong underlying business of Coinbase, according to investment firm Wedbush. Analyst Moshe Katri, while initiating coverage of the stock this week, assigned an “outperform rating” to it with a price target of $275 a share.</p>\n<p>According to the note:</p>\n<blockquote>\n “We view COIN as a ‘one stop shop’ platform, enabling roughly 56 million retail users, 8,000 institutions, and 134,000 ecosystem partners in over 100 countries to participate in the crypto economy.”\n</blockquote>\n<p><b>Bitcoin Bubble Near Bursting?</b></p>\n<p>These bullish calls have some rationale, but retail investors should note that Coinbase’s revenue is built almost entirely on the performance of Bitcoin andEthereum, which are showing signs of peaking in the current cycle. And if this is the beginning of a bubble being burst, then we still have a long way to go.</p>\n<p>Bitcoin has experienced two crashes of more than 80% in its short history. Another such crash will mean reduced profitability for Coinbase, which generates most of its revenue from trading fees. The extreme volatility this week suggests that a crash of this magnitude is still possible.</p>\n<p>The recent price fall accelerated after Elon Musk, who has a cult-type following in the speculative trading community, said Tesla (NASDAQ:TSLA) would cease accepting Bitcoin as a payment option for its electric cars, pointing to environmental hazards its mining process creates. That sudden U-turn came after months of bullish comments he made about Bitcoin,Dogecoin&nbsp;and other digital currencies, becoming one of the biggest market movers.</p>\n<p>After Musk’s shock came the People’s Bank of China statement that reiterated that digital tokens can’t be used as a form of payment. China has in the past issued other restrictions on cryptocurrencies, but the new ban and the reaction shows the crypto market is still sensitive to regulatory efforts.</p>\n<p>Adding to regulatory concerns is the statement made by US Treasury Secretary Janet Yellen in January during her confirmation hearing that many cryptocurrencies are used “mainly for illicit financing, and I think we really need to examine ways in which we can curtail their use.”</p>\n<p><b>Bottom Line</b></p>\n<p>Coinbase stock has become attractive after a sharp pullback, providing long-term investors a chance to buy this name at a much cheaper price than a month ago when its stock was trading above $400.</p>\n<p>But the ongoing volatility in the market and the possibility of regulatory actions may hurt the company’s revenue going forward. These uncertainties associated with the crypto market make Coinbase only suitable for investors who have a very high risk tolerance and deep pockets to absorb big losses.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cathie Wood’s Ark Is Buying Coinbase, Should You?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCathie Wood’s Ark Is Buying Coinbase, Should You?\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/92\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/406e2b4996e14cd8a66a2a6864ef4313);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">英为财情Investing </p>\n<p class=\"h-time\">2021-05-21 16:28</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Coinbase Global (NASDAQ:COIN) closed Wednesday at a record low after a wild trading session that saw the price ofBitcoinswing by about $10,000. The largest US cryptocurrency exchange fell as much as 13% before paring the loss to close down 5.9% at $224.80 amid a broader rout in cryptocurrencies.&nbsp;Yesterday, Coinbase gained about 3.8% to close at $233.39.</p>\n<p>Since its initial public offering last month, Coinbase has lost more than a third of its value. The decline of this magnitude is prompting some proponents of this asset class to jump in and buy this beaten-down stock.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/34645400c459bdd55a45a1fb5649c585\" tg-width=\"1290\" tg-height=\"1094\"><span>COIN 2 Hr</span></p>\n<p>Ark Invest’s Cathie Wood is doubling down on her Coinbase bet, snapping up more shares of the cryptocurrency exchange as its value declines. Wood has purchased more than $90 million of Coinbase since Monday, according to the firm’s trading wrapper.</p>\n<p>The head of Ark Investment Management said in an interview on Bloomberg TV that she still expects the cryptocurrency to reach a price of $500,000.</p>\n<p>She said:</p>\n<blockquote>\n “We go through soul searching times like this and scrape the models, and yes our conviction is just as high.”\n</blockquote>\n<p>Sharp moves in cryptocurrencies should not scare investors away from the strong underlying business of Coinbase, according to investment firm Wedbush. Analyst Moshe Katri, while initiating coverage of the stock this week, assigned an “outperform rating” to it with a price target of $275 a share.</p>\n<p>According to the note:</p>\n<blockquote>\n “We view COIN as a ‘one stop shop’ platform, enabling roughly 56 million retail users, 8,000 institutions, and 134,000 ecosystem partners in over 100 countries to participate in the crypto economy.”\n</blockquote>\n<p><b>Bitcoin Bubble Near Bursting?</b></p>\n<p>These bullish calls have some rationale, but retail investors should note that Coinbase’s revenue is built almost entirely on the performance of Bitcoin andEthereum, which are showing signs of peaking in the current cycle. And if this is the beginning of a bubble being burst, then we still have a long way to go.</p>\n<p>Bitcoin has experienced two crashes of more than 80% in its short history. Another such crash will mean reduced profitability for Coinbase, which generates most of its revenue from trading fees. The extreme volatility this week suggests that a crash of this magnitude is still possible.</p>\n<p>The recent price fall accelerated after Elon Musk, who has a cult-type following in the speculative trading community, said Tesla (NASDAQ:TSLA) would cease accepting Bitcoin as a payment option for its electric cars, pointing to environmental hazards its mining process creates. That sudden U-turn came after months of bullish comments he made about Bitcoin,Dogecoin&nbsp;and other digital currencies, becoming one of the biggest market movers.</p>\n<p>After Musk’s shock came the People’s Bank of China statement that reiterated that digital tokens can’t be used as a form of payment. China has in the past issued other restrictions on cryptocurrencies, but the new ban and the reaction shows the crypto market is still sensitive to regulatory efforts.</p>\n<p>Adding to regulatory concerns is the statement made by US Treasury Secretary Janet Yellen in January during her confirmation hearing that many cryptocurrencies are used “mainly for illicit financing, and I think we really need to examine ways in which we can curtail their use.”</p>\n<p><b>Bottom Line</b></p>\n<p>Coinbase stock has become attractive after a sharp pullback, providing long-term investors a chance to buy this name at a much cheaper price than a month ago when its stock was trading above $400.</p>\n<p>But the ongoing volatility in the market and the possibility of regulatory actions may hurt the company’s revenue going forward. These uncertainties associated with the crypto market make Coinbase only suitable for investors who have a very high risk tolerance and deep pockets to absorb big losses.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1169607285","content_text":"Coinbase Global (NASDAQ:COIN) closed Wednesday at a record low after a wild trading session that saw the price ofBitcoinswing by about $10,000. The largest US cryptocurrency exchange fell as much as 13% before paring the loss to close down 5.9% at $224.80 amid a broader rout in cryptocurrencies. Yesterday, Coinbase gained about 3.8% to close at $233.39.\nSince its initial public offering last month, Coinbase has lost more than a third of its value. The decline of this magnitude is prompting some proponents of this asset class to jump in and buy this beaten-down stock.\nCOIN 2 Hr\nArk Invest’s Cathie Wood is doubling down on her Coinbase bet, snapping up more shares of the cryptocurrency exchange as its value declines. Wood has purchased more than $90 million of Coinbase since Monday, according to the firm’s trading wrapper.\nThe head of Ark Investment Management said in an interview on Bloomberg TV that she still expects the cryptocurrency to reach a price of $500,000.\nShe said:\n\n “We go through soul searching times like this and scrape the models, and yes our conviction is just as high.”\n\nSharp moves in cryptocurrencies should not scare investors away from the strong underlying business of Coinbase, according to investment firm Wedbush. Analyst Moshe Katri, while initiating coverage of the stock this week, assigned an “outperform rating” to it with a price target of $275 a share.\nAccording to the note:\n\n “We view COIN as a ‘one stop shop’ platform, enabling roughly 56 million retail users, 8,000 institutions, and 134,000 ecosystem partners in over 100 countries to participate in the crypto economy.”\n\nBitcoin Bubble Near Bursting?\nThese bullish calls have some rationale, but retail investors should note that Coinbase’s revenue is built almost entirely on the performance of Bitcoin andEthereum, which are showing signs of peaking in the current cycle. And if this is the beginning of a bubble being burst, then we still have a long way to go.\nBitcoin has experienced two crashes of more than 80% in its short history. Another such crash will mean reduced profitability for Coinbase, which generates most of its revenue from trading fees. The extreme volatility this week suggests that a crash of this magnitude is still possible.\nThe recent price fall accelerated after Elon Musk, who has a cult-type following in the speculative trading community, said Tesla (NASDAQ:TSLA) would cease accepting Bitcoin as a payment option for its electric cars, pointing to environmental hazards its mining process creates. That sudden U-turn came after months of bullish comments he made about Bitcoin,Dogecoin and other digital currencies, becoming one of the biggest market movers.\nAfter Musk’s shock came the People’s Bank of China statement that reiterated that digital tokens can’t be used as a form of payment. China has in the past issued other restrictions on cryptocurrencies, but the new ban and the reaction shows the crypto market is still sensitive to regulatory efforts.\nAdding to regulatory concerns is the statement made by US Treasury Secretary Janet Yellen in January during her confirmation hearing that many cryptocurrencies are used “mainly for illicit financing, and I think we really need to examine ways in which we can curtail their use.”\nBottom Line\nCoinbase stock has become attractive after a sharp pullback, providing long-term investors a chance to buy this name at a much cheaper price than a month ago when its stock was trading above $400.\nBut the ongoing volatility in the market and the possibility of regulatory actions may hurt the company’s revenue going forward. These uncertainties associated with the crypto market make Coinbase only suitable for investors who have a very high risk tolerance and deep pockets to absorb big losses.","news_type":1},"isVote":1,"tweetType":1,"viewCount":468,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":102533430,"gmtCreate":1620223088520,"gmtModify":1634206869421,"author":{"id":"3581561214996277","authorId":"3581561214996277","name":"CHENGHOE","avatar":"https://static.tigerbbs.com/96f6b5364f0ba041d6ae45f7d4302867","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581561214996277","authorIdStr":"3581561214996277"},"themes":[],"htmlText":"It worth to buy at this time, as it is pumping this few day&nbsp;grab some money and dump it.","listText":"It worth to buy at this time, as it is pumping this few day&nbsp;grab some money and dump it.","text":"It worth to buy at this time, as it is pumping this few day grab some money and dump it.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/102533430","repostId":"1115203133","repostType":4,"repost":{"id":"1115203133","kind":"news","pubTimestamp":1620178775,"share":"https://www.laohu8.com/m/news/1115203133?lang=&edition=full","pubTime":"2021-05-05 09:39","market":"us","language":"en","title":"Why is dogecoin’s price spiking? The crypto has surged 11,000% in 2021","url":"https://stock-news.laohu8.com/highlight/detail?id=1115203133","media":"Market Wacth","summary":"Every dog has its day…but a whole year?Indeed, dogecoin, the meme cryptocurrency linked to an image ","content":"<p>Every dog has its day…but a whole year?</p><p>Indeed, dogecoin, the meme cryptocurrency linked to an image of a Shiba Inu dog, has been enjoying one of the best years for cryptocurrency in recent memory, boasting year-to-date gains of more than 11,000% and putting it in the top 10 of the most highly valued digital assets this year.</p><p>At last check, dogecoinDOGEUSD,+8.26%was changing hands at 54 cents, up more than 23% in the past 24 hours and up around 11,210% so far in 2021, according to CoinDesk.</p><p>That parabolic rise is drawing both applause and apprehension as its supporters aim to drive the parody coin to a value near $1, with critics warning that the asset bears all the hallmarks of an asset bubble that is bound to pop and leave carnage in its wake.</p><p>Only, don’t tell that to those cheerleading the crypto, or risk being met with this common refrain: “enjoy being poor.”<img src=\"https://static.tigerbbs.com/7c7201d3eb982c0d5d636bf8ff4a1ca7\" tg-width=\"505\" tg-height=\"367\" referrerpolicy=\"no-referrer\">So why is dogecoin, pronounced “dōj-coin,”&nbsp;on such a monumental tear that has outstripped crypto considered more serious representatives of the age of digital assets and blockchain? Here are a few reasons:</p><p>Its biggest booster set to guest host ‘SNL’</p><p>Elon Musk, CEO of Tesla Inc. and SpaceX, will host “Saturday Night Live” this weekend, which has already drawn&nbsp;cheers and jeers&nbsp;for the technologist. He has become one of the most prominent and vocal champions of dogecoin this year and some speculate that he could do something to promote doge.</p><p>Musk did refer to himself as the “dogefather” in one recent tweet ahead of his “Saturday Night Live” gig.</p><p><img src=\"https://static.tigerbbs.com/54a1a1602240507ad985c5efcb2571f5\" tg-width=\"501\" tg-height=\"177\" referrerpolicy=\"no-referrer\">Brokerages trade dogecoin</p><p>A number of new venues have announced that they will trade dogecoin on their exchanges in recent days and weeks.</p><p>Crypto exchange Geminion Tuesdayannounced trading and custody support for the coin. Trading platform&nbsp;eToro also made dogecoin&nbsp;available for trading on its platform.Webullallowed its users to purchase dogecoin back on April 20.</p><p>FOMO</p><p>Fear of missing out also is said to be behind the surge. Some crypto participants speculate that the rise in dogecoin is being supported by retail traders who see the parody coin as more accessible investment (or trade) than, say, bitcoinBTCUSD,-0.16%,which was changing hands at $54,000, at last check on CoinDesk.</p><p>“Dogecoin&nbsp;is surging because many cryptocurrency traders do not want to miss out on any buzz that stems from Elon Musk’s hosting of ‘Saturday Night Live,’” wrote Edward Moya, senior market analyst at Oanda, in a daily note.</p><p>Gains in traditional assets also might seem more pedestrian. By comparison, gold futuresGC00,0.17%are down 6% so far this year, the Dow Jones Industrial AverageDJIA,+0.06%and the S&amp;P 500 indexSPX,-0.67%are up by at least 10% in 2021, while the Nasdaq Composite IndexCOMP,-1.88%has gained over 5%.</p><p>Accessibility</p><p>Konstantin Boyko-Romanovsky, CEO of&nbsp;Allnodes, via an emailed message, said he viewed support from Musk and fellow billionaire Mark Cuban as central to the bull thesis for dogecoin, but also said that some may perceive the crypto as more accessible compared against bitcoin, which hit a recent peak above $60,000 before cooling.</p><p>“It appeals more to the general public because it costs so little. $60,000 for a single bitcoin may be intimidating to some. In a way, doge then is more like a USD but in a digital form,” he wrote.</p><p>Bubbles &amp; manias</p><p>Moya wrote that the dogecoin bubble should have “popped by now, but institutional interest is trying to take advantage of this momentum and that could support another push higher.”</p><p>Many skeptics warn that dogecoin could leave a lot of newbie investors hemorrhaging losses if they wade into the asset imprudently.</p>","source":"lsy1604288433698","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why is dogecoin’s price spiking? 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The crypto has surged 11,000% in 2021\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-05 09:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/why-is-dogecoins-price-spiking-the-crypto-has-surged-11-000-in-2021-11620151738?mod=home-page><strong>Market Wacth</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Every dog has its day…but a whole year?Indeed, dogecoin, the meme cryptocurrency linked to an image of a Shiba Inu dog, has been enjoying one of the best years for cryptocurrency in recent memory, ...</p>\n\n<a href=\"https://www.marketwatch.com/story/why-is-dogecoins-price-spiking-the-crypto-has-surged-11-000-in-2021-11620151738?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.marketwatch.com/story/why-is-dogecoins-price-spiking-the-crypto-has-surged-11-000-in-2021-11620151738?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1115203133","content_text":"Every dog has its day…but a whole year?Indeed, dogecoin, the meme cryptocurrency linked to an image of a Shiba Inu dog, has been enjoying one of the best years for cryptocurrency in recent memory, boasting year-to-date gains of more than 11,000% and putting it in the top 10 of the most highly valued digital assets this year.At last check, dogecoinDOGEUSD,+8.26%was changing hands at 54 cents, up more than 23% in the past 24 hours and up around 11,210% so far in 2021, according to CoinDesk.That parabolic rise is drawing both applause and apprehension as its supporters aim to drive the parody coin to a value near $1, with critics warning that the asset bears all the hallmarks of an asset bubble that is bound to pop and leave carnage in its wake.Only, don’t tell that to those cheerleading the crypto, or risk being met with this common refrain: “enjoy being poor.”So why is dogecoin, pronounced “dōj-coin,” on such a monumental tear that has outstripped crypto considered more serious representatives of the age of digital assets and blockchain? Here are a few reasons:Its biggest booster set to guest host ‘SNL’Elon Musk, CEO of Tesla Inc. and SpaceX, will host “Saturday Night Live” this weekend, which has already drawn cheers and jeers for the technologist. He has become one of the most prominent and vocal champions of dogecoin this year and some speculate that he could do something to promote doge.Musk did refer to himself as the “dogefather” in one recent tweet ahead of his “Saturday Night Live” gig.Brokerages trade dogecoinA number of new venues have announced that they will trade dogecoin on their exchanges in recent days and weeks.Crypto exchange Geminion Tuesdayannounced trading and custody support for the coin. Trading platform eToro also made dogecoin available for trading on its platform.Webullallowed its users to purchase dogecoin back on April 20.FOMOFear of missing out also is said to be behind the surge. Some crypto participants speculate that the rise in dogecoin is being supported by retail traders who see the parody coin as more accessible investment (or trade) than, say, bitcoinBTCUSD,-0.16%,which was changing hands at $54,000, at last check on CoinDesk.“Dogecoin is surging because many cryptocurrency traders do not want to miss out on any buzz that stems from Elon Musk’s hosting of ‘Saturday Night Live,’” wrote Edward Moya, senior market analyst at Oanda, in a daily note.Gains in traditional assets also might seem more pedestrian. By comparison, gold futuresGC00,0.17%are down 6% so far this year, the Dow Jones Industrial AverageDJIA,+0.06%and the S&P 500 indexSPX,-0.67%are up by at least 10% in 2021, while the Nasdaq Composite IndexCOMP,-1.88%has gained over 5%.AccessibilityKonstantin Boyko-Romanovsky, CEO of Allnodes, via an emailed message, said he viewed support from Musk and fellow billionaire Mark Cuban as central to the bull thesis for dogecoin, but also said that some may perceive the crypto as more accessible compared against bitcoin, which hit a recent peak above $60,000 before cooling.“It appeals more to the general public because it costs so little. $60,000 for a single bitcoin may be intimidating to some. In a way, doge then is more like a USD but in a digital form,” he wrote.Bubbles & maniasMoya wrote that the dogecoin bubble should have “popped by now, but institutional interest is trying to take advantage of this momentum and that could support another push higher.”Many skeptics warn that dogecoin could leave a lot of newbie investors hemorrhaging losses if they wade into the asset imprudently.","news_type":1},"isVote":1,"tweetType":1,"viewCount":125,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}