Bitcoin trust no one

Содержание
  1. How to start with Bitcoin? Trust No One
  2. Trust no one: the story of Blockchain and Bitcoin
  3. In The Beginning
  4. Ethereum
  5. Police Raids
  6. Suspicious Entities
  7. Trust No One
  8. Moving Forward
  9. Grayscale Bitcoin Trust (BTC) (GBTC)
  10. Grayscale Investments® Hires Wall Street Executive as Chief Marketing Officer
  11. Elon Musk’s reputation hits a low on Twitter after attacking bitcoin
  12. UK can lead the world on crypto regulation if it acts fast
  13. Crypto & Digital Currency Company Investor Presentations Now Available for On-Demand Viewing
  14. Bitcoin is officially a new asset class: Goldman Sachs
  15. Cryptos climb as Goldman says it’s new asset class and Ray Dalio reveals bitcoin investment
  16. Bitcoin falls again as China reiterates crackdown
  17. Bitcoin is teetering on a very key technical level
  18. Musk: Tesla has ‘diamond hands’
  19. Crypto and Digital Currency Live Virtual Investor Conference: Companies Present on May 20th
  20. Live Investor Conference & Webinar: Crypto and Digital Currency Companies Present on May 20th
  21. Why Elon Musk’s bitcoin and dogecoin tweets don’t break rules
  22. London-listed crypto miner Argo signs climate accord
  23. Grayscale Digital® Large Cap Fund Files Form 10 with SEC
  24. Bank of England’s Bailey on crypto: ‘Be prepared to lose all your money’
  25. Bitcoin will eventually hit ‘$1 million a coin,’ CoinDesk editor predicts
  26. Marlton Issues Statement Regarding Grayscale Bitcoin Trust (GBTC) Latest Announcement
  27. Why bitcoin’s pullback could be ‘healthy’ for a run to $100,000
  28. Cryptocurrency Thesis: Long Bitcoin, Short Dogecoin
  29. ‘Britcoin’: Central bank digital currencies explained
  30. Where you can shop with crypto
  31. Facebook has ‘very, very big plans” on digital payments through its platform: Facebook VP
  32. Bitcoin price drops after Turkey bans cryptocurrency payments
  33. ‘This is the single worst time to be a passive investor’: veteran investor
  34. A Key Bitcoin Investment Faces Activist Pressure

How to start with Bitcoin? Trust No One

Welcome to the Bitcoin Decentralized World, here you will get all rights in your hands. Bitcoin is an open-source protocol for everyone, Bitcoin is people money without any centralized control.

Remember: Trust No One. Trust No One. Trust No One.
Trust Yourself. Trust Yourself. Trust Yourself.

Must Read All Points: Little Laziness loose everything

  1. Learn First Buy Later. If you are new to Bitcoin them must do some research about it unless you will lose everything just like a kid. How to do research? waw its very simple – open browser starts searching about bitcoin and starts reading about it as much as you can. You don’t need to learn too technically but must have some useful knowledge of it which is compulsory for your security as no one cares you, only you are responsible for your security.
  2. Be Aware of Scams. There is a large number of scams going on in Bitcoin world which can trap you easily, please avoid greediness of becoming rich fast and don’t invest anywhere by following others, read others opinions but only follow yourself by doing your own research. You may lose too much by doing a single mistake mind it.
  3. After Buying Bitcoins. You can buy Bitcoins from your any trusted dealer or any local exchange, Use decentralized exchange like Bisq if you want to secure your privacy or you can also use Wasabi wallet and Samourai wallet to make your bitcoins private. Please do some research on it.
  4. You must have own Private Keys. Make sure you have ownership of private keys of your Bitcoins, if you don’t have private keys then you may lose your coins anytime. Don’t use those wallets which are not providing private keys of your Bitcoins to you. I prefer to use Electrum, Mycelium as they have good UI as well as old and trusted, but best to do your own research then choose which one you like. You can also create your own private keys by some open source algorithms like Bitaddress but in this case, you must create it offline and the hardware (pc or laptop or anything) must not be online anytime in future and must not be shared to anyone in the future.
  5. Core wallets are the best to use. Setting-up your own Core wallet quite a bit difficult as Blockchain size is too big which had to be downloaded to setup Core. But if have the ability to setup Core then you can use your core wallet to store your Bitcoins securely. Remember if any hacker got physical access to your Core then he/she can steal your Bitcoins easily, but you are 100% safe from online hacking attacks.
  6. Don’t store Bitcoins on Exchanges. Maybe an Exchange providing good security, maybe an Exchange is very old and was not hacked even once in history. Maybe you have a great belief on the security of an Exchange, Maybe an Exchange is providing insurance to your Bitcoins. But But But Please Please Please Do Not Store Your Bitcoins on any Exchange. Please Transfer your Bitcoins to those wallets in which you own the private key or to your core wallet if you have or to any wallet where the private key is owned by only you, not by any third party. Be 100% Safe.
  7. One address One Time. Please don’t store your Bitcoins in an address which is used before. Always use a Freshly created address which does not have any transaction before. It increases your security by minimizing risk.
  8. Use hardware Wallets to store Bitcoins. Best to use famous hardware wallets like Trezor, Ledger to store your Bitcoins securely.
  9. Store Bitcoins in multiple wallets. Please do not store your all Bitcoins in one wallet. You may lose that wallet or may be attacked by someone. Please use multiple ways with multiple wallets to store your Bitcoins like some in hardware wallets or some in other wallets or some in core wallet or some in personally created private key wallets. Use more than one hardware wallets to store your Bitcoins.
  10. Stay updated with technology and with hacking attacks going on by hackers.
  11. If you are Lazy and Careless please stay away from Bitcoin. Get a job and live a happy life in your Fiat world. If you don’t know what is Bitcoin and do not want to know what it is, then please don’t make false and stupid statements about Bitcoin.

Источник

Trust no one: the story of Blockchain and Bitcoin

The story of Bitcoin and blockchain starts with Satoshi Nakamoto, a man (or group) whose identity is a mystery that is yet to be solved. Nakamoto introduced Bitcoin in 2008 in a paper titled ‘Bitcoin: A Peer-to-Peer Electronic Cash System’.

In The Beginning

In the paper, Nakamoto describes bitcoin as “a purely peer-to-peer version of electronic cash [that] would allow online payments to be sent directly from one party to another without going through a financial institution”. Ever since, the cryptocurrency has posed a threat to a banking system that has been known to man for hundreds of years.

As an economic force, Bitcoin developed a new profession, calling the employees “bitcoin miners”. Those miners use high-powered computers to constantly solve algorithmic issues, only to be later rewarded with Bitcoins.

Nakamoto’s innovation resulted in the spread of one the internet’s most used terms, Blockchain.

In simple words, blockchains are open-ended lists of records that are shared peer-to-peer, meaning complete decentralization from hackable servers. Blockchains also act as ledgers that document any changes to the records, along with info about the individual who made the changes.

In a modern world example, think about any application within the Google’s G Suite. If you create a Google doc, it’s designed not to be shared with anyone until you choose to do so. The doc then will keep a record of any changes made and will credit them to the respective contributor.

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SophiaTX, the first open-source platform to integrate blockchain with SAP and other ERP, CRM and SCM systems, has the potential to transform cross-industry business practices, with customers already in the pipelines for a One-to-one Document Exchange that will use blockchain to ensure that both the sending and receiving parties of business documents such as invoices, purchase orders, timesheets, deliver notices and quality inspections acknowledge the transaction.

Ethereum

Co-Founder of Ethereum and co-Founder of Bitcoin Magazine , Vitalik Buterin describes blockchain as “a magic computer that anyone can upload programs to and leave the programs to self-execute, where the current and all previous states of every program are always publicly visible, and which carries a very strong crypto economically secured guarantee that programs running on the chain will continue to execute in exactly the way that the blockchain protocol specifies.”

In human words, blockchains are owned by nobody, but accessed only by peers that create the blocks and others they choose to share them with.

Ethereum, a concept under the name of ‘blockchain 2.0,’ was developed as a way to integrate programming language into the peer-to-peer ecosystem, allowing the development of apps secured by the technology’s platform. Ethereum provides a way to establish binding contracts that facilitate secure payments Among the applications designed on blockchain 2.0 is, of course more currencies. The new currencies now come in the form of ICOs (Initial Coin Offerings) which is the new, fancy way to invest in a company’s stocks.

But here’s where I think we dug our own graves by creating ICOs. In Nakamoto’s paper, they highlighted how the concept can free us from the redundant banking system that makes us pay to access our own money. But now with everyone coming up with their own currencies, we’ve re-opened Pandora’s Box to allow institutions to exploit ways to value their services without any basis for guarantee.

Take the Bitcoin Investment Trust (intelligently shortened to BIT) for instance, which led investors to believe that they were getting their investment worth in bitcoins, which turned out to be false, as it provided less than 10% in value in bitcoins .

Police Raids

With such a rivalry against the almighty banking system, the search for Bitcoin’s inventor took a serious turn when an Australian businessman, Craig Wright, was not only accused to be part of the 2-person “Satoshi Nakamoto” team, along with the late Dave Kleiman, an American computer forensics expert – in an article by Gizmodo , but Wright also had his house raided by the the Australian police, in hopes to find out the true identity of Nakamoto.

Most curiously, Wright was never found at his home, nor at his office, which one officer on the scene confirmed was also being searched under the accusations of “possible tax evasions”. The government also commented that the search warrant was in no way based on the article on Gizmodo.

Other individuals also fell under suspicion for being the masterminds behind the “Satoshi Nakamoto” scheme. Among the most significant figures was Nick Szabo, a cryptographer who’s famous for his research on digital contracts and digital currency, but most notably for his paper on Bit Gold, a concept derived from Bitcoins.

Suspicious Entities

Another prominent player, Hal Finney (died on August 28, 2014), was a cryptographic pioneer who was the first, besides Nakamoto to use the Bitcoin software and file bug reports on it. Coincidentally enough, Finney lived close to the family home of one Satoshi Nakamoto, a Japanese-American physicist who worked on American military contracts.

However, both Finney and the real Nakamoto were cleared of any suspicion, due to lack of incriminating proof, leaving Wright as the only possible suspect.

Both the whereabouts of Wright and the true identity of Satoshi Nakamoto remain as unsolved mysteries, and Bitcoins are now handled by its own multi-million user community .

Moreover, a platform was created in 2013 under the name of Nxt aims to improve the functionality of existing blockchains and cryptocurrencies with increased transparency, allowing more financial and funding governance, along with, unsurprisingly, its own cryptocurrency. Nxt was developed by BCNext, a developer who also succeeded at keeping their identity as an unsolved mystery.

Trust No One

In a blog post, BCNext explains an elaborate 3-part plan , in which it describes that Bitcoin’s private nature made it ‘trustless’. “Bitcoin was a genius invention, but its implementation became corrupted by people whose aim was to make money – not bitcoins, but dollars.”

“Trust no one. This is a very important principle. Nxt doesn’t rely on trust, but solves the problem of trust in another way. It evolves to a system that doesn’t care about trust because everything will be very clear. Transparency extended to its absolute end leads to an inability to cheat. This removes necessity of wondering if anyone should trust anyone else.”

Beatriz Ramos. Photo by Victor Jeffreys II.

Beatriz Ramos, Founder of DADA, a social network where artists speak to each other through drawings, explains, “Blockchain works well for a specific community, like artists, who distrust the government, banks, and other institutional and corporate gatekeepers who have failed this community. Blockchain technology allows such communities to be self-sustaining and create their own peer-to-peer economy in which artists have full control of the value of their work.”

During my research on cryptocurrencies, I found that the whole industry is engulfed in shadiness, as shown by BCNext when the author stated, “Don’t try to learn the real identity of BCNext. He intentionally copied the styles and ideas of different people. If you think you’ve found him, you are likely wrong. BCNext never existed.”

Moving Forward

However, on a lighter note, blockchains have been doing a better job than cryptocurrencies at delivering less than bone-chilling results. Companies have been utilizing the technologies to help people maintain the privacy of their information in a world full of cyberthreats. Recent applications included fraud prevention and secure registers for medical records .

Adding on to that, tech giants, such as Microsoft and Accenture partnered up with the United Nations to implement blockchains into international ID systems , minimizing the threat of identity theft, and facilitating the storage of personal records on decentralized systems.

As of the time this article is being written, blockchains are being adopted into every aspect of the tech world, while Bitcoins are valued just shy of Six thousand Dollars. So, whoever Satoshi Nakamoto truly is, he, she, or it have definitely achieved what they were after, changing the world as we know it.

Источник

Grayscale Bitcoin Trust (BTC) (GBTC)

Previous Close 30.10
Open 30.97
Bid 0.00 x 0
Ask 0.00 x 0
Day’s Range 30.15 — 31.61
52 Week Range 9.13 — 58.22
Volume 7,962,097
Avg. Volume 9,719,973
Market Cap 5.343B
Beta (5Y Monthly) N/A
PE Ratio (TTM) N/A
EPS (TTM) N/A
Earnings Date Oct 15, 2019
Forward Dividend & Yield N/A (N/A)
Ex-Dividend Date N/A
1y Target Est N/A

Grayscale Investments® Hires Wall Street Executive as Chief Marketing Officer

Deborah Bussière, formerly of Broadridge Financial Solutions, named CMONew York, June 10, 2021 (GLOBE NEWSWIRE) — Grayscale Investments®, the world’s largest digital currency asset manager, today announced Deborah Bussière has been appointed Chief Marketing Officer. Bussière will lead the company’s marketing and advertising efforts, reporting to Michael Sonnenshein, CEO. Grayscale Investments has been a trailblazer in its marketing and advertising campaigns, which have been grounded in a commit

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New York, May 13, 2021 (GLOBE NEWSWIRE) — Grayscale Investments®, the world’s largest digital currency asset manager and manager of Grayscale® Digital Large Cap Fund (OTCQX: GDLC), today announced that it has publicly filed a Registration Statement on Form 10 with the Securities and Exchange Commission (SEC) on behalf of Grayscale Digital Large Cap Fund.* This is a voluntary filing that is subject to SEC review. If the Registration Statement becomes effective, it would designate the Fund as an SEC reporting company and register its shares pursuant to Section 12(g) of the Securities Exchange Act of 1934, as amended (the Exchange Act).** It would also designate the Fund as Grayscale’s third digital currency investment vehicle to become an SEC reporting company, following Grayscale® Bitcoin Trust as the first and the Grayscale® Ethereum Trust as the second in the U.S. Additionally, if the Registration Statement become effective, accredited investors who purchased shares in the Fund’s private placement would have an earlier liquidity opportunity, as the statutory holding period of private placement shares would be reduced from 12 months to 6 months under Rule 144 of the Securities Act of 1933, as amended (the Securities Act).*** The Fund currently publishes quarterly and annual reports as well as audited financial statements pursuant to the OTC Markets Alternative Reporting Standard (ARS). Should the Registration Statement become effective, the Fund would file these reports and financial statements as 10-Qs and 10-Ks with the SEC, along with current reports on Form 8-K, in addition to complying with all other obligations under the Exchange Act. The Fund is an investment product that allows investors to more effectively implement strategic and tactical asset allocations that incorporate digital assets by using the Fund’s shares. This action reflects Grayscale’s commitment to move Grayscale Digital Large Cap Fund forward through the product pipeline described in a recent blog post about Grayscale’s roadmap to launching digital currency ETFs. For more information, please refer to the Form 10 filing and the Information Statement as well as the FAQ page. *The Fund offers a private placement to accredited investors. To date, the Fund has not met its investment objective and the shares quoted on OTCQX have not reflected the value of digital assets held by the Fund, less the Fund’s expenses and other liabilities, but have instead traded at a premium over such value, which at times has been substantial. **This voluntary filing should not be confused as an effort to classify Grayscale Digital Large Cap Fund as an exchange traded fund (ETF). The structure of the Fund will not change and it will continue to not operate a redemption program nor trade on a national securities exchange. ***The holding period reduction would go effective after Grayscale Digital Large Cap Fund has been a reporting company for at least 90 days and has satisfied the other requirements under Rule 144 of the Securities Act. This press release is not an offer to sell or the solicitation of an offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal, nor shall there be any sale of any security in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction. About Grayscale Investments® Grayscale Investments is the world’s largest digital currency asset manager, with more than $53B in assets under management as of May 12, 2021. Through its family of investment products, Grayscale provides access and exposure to the digital currency asset class in the form of a security without the challenges of buying, storing, and safekeeping digital currencies directly. With a proven track record and unrivaled experience, Grayscale’s products operate within existing regulatory frameworks, creating secure and compliant exposure for investors. Grayscale products are distributed by Genesis Global Trading, Inc. (Member FINRA/SIPC, MSRB Registered). For more information, please visit grayscale.com and follow @Grayscale. CONTACT: press@grayscale.co

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In the past, I have been very critical of Bitcoin (CCC:BTC-USD) as a long-term investment. There is no real way to value a cryptocurrency. That’s only one of a handful of reasons I see Bitcoin as a pure gamble rather than a sound investment. Source: Shutterstock I’m neither bullish nor bearish on Bitcoin in the long-term. In general, currencies are typically bad investments. Currencies do not generate cash flow or pay interest or dividends. Cryptocurrencies are no different. They are not dynamic like an innovative tech company. They don’t generate compound returns like a dividend stock or Treasury bond. But today, I’m recommending for the first time a way cryptocurrency investors can buy Bitcoin and sleep well at night. I’m recommending an idea of going long Bitcoin and short Dogecoin (CCC:DOGE-USD).InvestorPlace — Stock Market News, Stock Advice & Trading Tips Bitcoin Is The Winning Cryptocurrency Brand It makes no sense to me whatsoever that the world would need dozens of decentralized digital currencies. Cryptocurrency is the alternative to fiat currency. I get that. But why is there a need for alternative alternatives? Bitcoin is the unrivaled leader among cryptos by virtually any metric you use. It has by far the largest market cap. It has by far the largest daily volume (by value). Bitcoin is by far the most widely accepted as an actual payment method rather than a speculative trading vehicle. 7 Retail Stocks With E-commerce Locked In But most importantly, Bitcoin has by far the most valuable cryptocurrency brand. As I’ve said repeatedly, Bitcoin’s only source of value is the belief of its investors. Bitcoin’s price rises purely on the greater fool theory. The makeup of a Bitcoin never changes, so its value will never change. However, the value of Bitcoin’s brand has exploded in the past five years. Trust is a major factor in determining which currency will set the standard. Bitcoin was the original. It is the largest. It is the most trusted. “Even Silicon Valley pundits like Chamath Palihapitiya or Jack Dorsey are essentially Bitcoin maximalists – they cannot think beyond Bitcoin and do not acknowledge other cryptocurrency innovations,” says Ajit Tripathi, head of institutional business at decentralized-finance platform Aave. “In that sense, Bitcoin has some of those religious properties; and such strong sentiments are very valuable.” Dogecoin Is (Literally) A Joke Cryptocurrency I get the appeal of Dogecoin. It’s funny. It’s satisfyingly infuriating to all the right people. Dogecoin is a populist social movement. Young, disenfranchised retail investors are giving the middle finger to Wall Street, the Federal Reserve and anyone who has ever told them to stand up straight and get a haircut. There is a compelling argument for the merits of Bitcoin versus the U.S. dollar over the long-term. I’ll leave that debate for another day. Today, I’m simply addressing Bitcoin versus Dogecoin. I don’t know if cryptocurrencies will replace fiat currencies or gold in the long-term. But if they do, I believe Bitcoin will ultimately extend its lead as the best-in-breed crypto. It simply has too much momentum, too much brand value and too many heavy hitters backing it. If the cryptocurrency bubble bursts like it did in 2018 and Bitcoin prices never get back to their 2021 highs, I wouldn’t be surprised. But if Bitcoin drops 80%, I’d be willing to bet Dogecoin will get hit even harder. Dogecoin co-founder Billy Markus is very open about the fact that he created it as a joke. “I’m half detached, but it’s weird that something I made in a few hours is now part of internet culture,” he says. When there’s free stimulus money flowing everywhere and no concerts, sporting events or nightclubs to spend money on, I get why people are throwing their money into a joke. It’s mostly gambling, partly boredom, partly trolling and partly a statement to the establishment. But none of those reasons are compelling long-term investment theses. Bitcoin Vs. Dogecoin When the idea of going long Bitcoin/short Dogecoin came to me, I knew I wasn’t the only one thinking it. Dogecoin is due for a massive pullback in the near-term just on profit taking alone. Doge is up 302% in the past month compared to a 5.4% drop by Bitcoin and only a 33% gain by Ethereum (CCC:ETC-USD) in that time. “I look at Dogecoin as more of a speculative play that when this bubble bursts it will probably cease to exist,” KeyAdvisors Group’s Eddie Ghabour says. “In regards to crypto, Ethereum and Bitcoin are the two that I think will last.” How To Play It Investors can go long Bitcoin by buying it directly or investing in the Grayscale Bitcoin Trust (OTCMKTS:GBTC). Shorting Dogecoin is a bit more of a challenge. There is a 3x leveraged short coin called Dogebear that trades on the cryptocurrency exchange FTX. However, Dogecoin investors can essentially implement this by simply selling a portion of their DOGE and buying Bitcoin with it. You would be essentially maintaining your net long exposure to cryptocurrency but betting that Bitcoin will outperform Dogecoin moving forward. As I said, I get it. Seeing the Boomers and even the Bitcoiners rage over Dogecoin on social media is hilarious. But how long will the same joke be funny before it gets stale? On the date of publication, Wayne Duggan did not have (either directly or indirectly) any positions in any of the securities mentioned in this article. Wayne Duggan has been a U.S. News & World Report Investing contributor since 2016 and is a staff writer at Benzinga, where he has written more than 7,000 articles. Mr. Duggan is the author of the book “Beating Wall Street With Common Sense,” which focuses on investing psychology and practical strategies to outperform the stock market. More From InvestorPlace Why Everyone Is Investing in 5G All WRONG It doesn’t matter if you have $500 in savings or $5 million. Do this now. Top Stock Picker Reveals His Next Potential 500% Winner Stock Prodigy Who Found NIO at $2… Says Buy THIS Now The post Cryptocurrency Thesis: Long Bitcoin, Short Dogecoin appeared first on InvestorPlace.

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