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20 June 2021
14:19 hour

As Bitcoin price staggers, ‘whale’ wallets may be becoming an endangered species

Investing.com

16/05/2021 - 22:17


READ THE FULL ARTICLE ON INVESTING.COM

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  1. Boost to gharials in India! Odisha witnesses first natural nesting of the endangered species after 46-year wait (20/06/2021 - Financial Express)
    When Odisha introduced gharials to Mahanadi in 1975, it became the only state in the country which had all three types of the reptile, i.e. saltwater crocodiles, freshwater gharials and muggers.
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  2. Thoughts and Opinions on Bitcoin tradeable stocks (24/02/2021 - Reddit Stock Market)
    What do you guys think about easily tradeable options instead of holding Bitcoin, and do you have any leaders you think will be the stock to get in on? Seems to me that the front runner for this would be MSTR but there are plenty of others that are also in the mix like SQ, RIOT, MARA that I have been pondering that do not seem to be as directly tied to the price of coin like Microstrategy is. I will post my comparison charts but I want to see some new opinions first. I do not want to just get reaction to my posted comparisons it would be nice to know if anyone else has come to any of the same or different conclusions I have on this topic. I do already hold some bitcoin but I think there will be a lot more action in the stocks once this becomes more mainstream with Boomers looking to invest in it I do not think they want to use wallets but definitely want to join in on the ride.   submitted by   /u/stockloos3r [link]   [comments]
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  3. Bitcoin Selloff Steadies as Traders Debate Potential BTC Whale Dump (15/03/2021 - Investing.com)

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  7. That one didn’t age quite so well (09/05/2021 - Reddit Stock Market)
    I hope it makes a lot of people very rich because it has already And thats why we’re in the market for the same as Mark Hanna, “to get filthy fuckin rich.” I on the other hand am very skeptical of it in the long term because we know that dodge isn’t like Bitcoin where it’s limited at 21 mill in total(with 18 mill coins mined) because of it’s block chain, it adds about 5.2 billion a year with a total 127 billion and 113 billion mined. That’s 6000 times the supply of Bitcoin. Despite this, it’s on track to breaking one dollar when it was only a few cents several months ago. Now, we all know about the many whale wallets out there holding a lot of doge at the moment...more specifically “the big one ”, the 22 billion dollar wallet and the power it has over its price. It’s owner has been theorized to be robinhood, a faceless group with government ties or no ties at all; It could be an exchange or even a single person like bezos(not likely, just an example) I’ll certainly dip in and buy a few doge maybe 100 or a 1000 but I’m not gonna drink the koolaid and dump everything Into it like a lot of people. I mean it’s great to want to multiply your wealth by X fold but it’s equally scary that some people will dump their life savings and Hold onto a trendy memecoin on the assumption of it being 100% trustworthy(large scale gambling with better odds than a casino, imo) Not to hate on it but I don’t believe in it primarily because it’s sudden price spike is 100% dependent on two elite businessmen and several celebrities promoting it with more public figures to join inevitably pumping up the value. If doge is icarus it will crash and burn I think about the Shrek quote: “There's a stack of freshly made waffles in the middle of the forest! Don't you find that a wee bit suspicious?” I do. Now, I’m probably wrong...most likely wrong... but aye, I’m just someone with an opinion that’s all.   submitted by   /u/Knova_ [link]   [comments]
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  8. Why there is a consistent fall in migratory bird population in Chandigarh (04/04/2021 - Financial Express)
    Starting from the year 2018 November census, the total types of migratory bird species that migrated to the city was 98 which fell down consistently to 91 in 2017, 86 in 2019, and only 77 species in November 2020.
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  9. CCTL has gotten a 42x gain!!! If you predict bitcoin and mining to go up higher, join the ride. (14/03/2021 - Reddit Stock Market)
    CCTL is probably the best way to get into Bitcoin and Mining. The share price of $0.022 is an easy way to accumulate a huge position. It tracks the price of Bitcoin well. I notice if bitcoin goes up by 3x, CCTL goes up 42x!!! Here’s an example: Dec 7, 2020 - Feb 17, 2021 Bitcoin goes up from $19k to $56k (3x increase) CCTL went up from 0.001 to 0.042 = (42x increase!) So let’s assume BItcoin today at price of $60k triples again to $180k. Then I expect my CCTL to increase 42x fold again! Retail FOMO hasn’t even happened yet. My family account has just under $170K. Just multiply that by 42x and that’s $7.14M!!!!!! Even if you only have $10k invested x 42 = $420k!!!! Just think about how many miners there are that are now at $0.70, 0.80, $1, $5, etc. They all started at 2 cents!!!! So why can’t CCTL get up there?! THIS is the easiest way to become rich and become a millionaire if you believe bitcoin is only going to go up! To the moon!!!   submitted by   /u/AlphaMale888 [link]   [comments]
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  10. What is a bitcoin wallet? (21/02/2021 - The Motley Fool UK)
    We all know what a purse or wallet is, but how about a Bitcoin wallet? Well, you can’t store this digital asset in the back pocket of your jeans. I’m going to explain everything you need to know about crypto wallets so that if you do buy Bitcoin, you understand how to store it properly. How Bitcoin works The first thing to understand about Bitcoin wallets relates to how Bitcoin actually works. By purchasing Bitcoin, you basically own a small piece of the digital network. Because the Bitcoin blockchain is just one big digital accounting ledger, you don’t actually get handed anything tangible. The Bitcoin network just keeps a record of what you own.  What a Bitcoin wallet is Just as you need a program to send, receive, and store emails, a Bitcoin wallet lets you send, receive and store Bitcoin. Your Bitcoin wallet is a program that allows you to do things with your Bitcoin like: Send or receive it Monitor your balance Your wallet lets you participate in the network using what are known as private and public encryption keys – more on these later.  The wallet doesn’t store any actual Bitcoin. All Bitcoin remains on the network. In a wallet, you just store your proof of ownership in the form of your private and public keys. The different types of Bitcoin wallets Crypto wallets come in a few different formats, each with its own benefits and pitfalls. The three main types of crypto wallets are: 1. Software wallets Sometimes referred to as ‘hot wallets’, these are connected to the internet. If you store your Bitcoin on an exchange like Coinbase, it will likely be done using a software wallet. The major software wallets are: Web wallets Desktop wallets Mobile wallets These can be good because they provide quick and easy access. However, they’re the least secure option. They can potentially be hacked through the internet. 2. Hardware wallets These are known as ‘cold wallets’ or ‘cold storage’ because they’re not connected to the internet. They usually come in the form of a physical device like a USB stick that generates and stores your keys. They’re a secure way of storing access to your Bitcoin. However, they’re not great if you need fast or frequent access because adding or removing information can be long-winded. In addition, if you ever misplace your device, you run the risk of losing access to your Bitcoin.  3. Paper wallets Paper wallets are another type of ‘cold wallet’ and they work in a similar way to hardware wallets. The main difference is that instead of using something like a USB stick, a private key and a blockchain address are printed out onto paper, usually using a QR code. Storing your access codes on paper comes with obvious risks. Private and public encryption keys These are the backbone of cryptocurrencies. You could say that they are what puts the ‘crypto’ in cryptocurrency. The easiest way to think of encryption keys is just as a way to encode or decode data. Cryptography is a fancy word for codes and cyphers.  Private keys This is your personal gateway to the Bitcoin network and is a long string of letters and numbers. Whoever controls the key, controls the Bitcoin associated with it. It’s usually better to buy Bitcoin directly through something like a cryptocurrency exchange. Because often, using something like a share dealing platform doesn’t give you access to your private keys. Public keys Imagine public keys as your digital security middlemen. If you want to use the network, you don’t want to use your private key because this would give people access to your funds. So your private key is able to generate a public key. This then creates a temporary Bitcoin address using a secret code. This allows you to securely move funds around the network. Security of Bitcoin wallets You might have read stories about people who’ve ‘lost’ Bitcoin. What they’ve actually lost are their private keys.  If someone’s Bitcoin is stolen, what’s actually stolen is the private key. Losing your private key means losing access to any Bitcoin you own. Because cryptography is so complex and secure, if you lose your keys, it’s not as simple as just resetting your password. You basically lose your only proof that you own part of the network. Choosing the best type of Bitcoin wallet This will really depend on the type of Bitcoin user you are. If you’re buying some as a long-term investment and don’t plan on accessing the funds regularly, a cold storage hardware wallet might be best.  If you want regular and frequent access to your Bitcoin, a software wallet might be more suitable. Desktop and mobile wallets are more secure than web wallets. However, as they’re all connected to the internet in some way, they do carry the risk of being hacked, so be careful! “This Stock Could Be Like Buying Amazon in 1997” I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner. But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared. What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations. And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! More reading Are prenuptial agreements just for the wealthy? UK share investing: one of the best FTSE 100 stocks to buy now 3 shares to buy today for income Three UK shares to buy today How I’d find undervalued stocks to buy now and hold The post What is a bitcoin wallet? appeared first on The Motley Fool UK.
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  11. Whale Spotted: How Whales Determine the Crypto Market Price (16/04/2021 - Investing.com)

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  12. Can You Imagine Bitcoin At $103,000? (08/02/2021 - INO.com)
    Some investors believe that the price of Bitcoin could hit $100k. In this post, I'll share some measurements I made in the bitcoin chart to see if there is some evidence for such strong optimism. There is a logarithmic (log) monthly chart of bitcoin below. I chose the log scale to show you the coin's […] The post Can You Imagine Bitcoin At $103,000? appeared first on INO.com Trader's Blog.
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  13. Cryptos: A $25 billion dogecoin whale lurks, but Robinhood CEO says ‘we don’t have significant positions in any of the coins we keep’ (06/05/2021 - Market Watch)
    Vlad Tenev, CEO of Robinhood Markets, speaking at a “fireside chat” on Thursday, attempts to dispel any lingering speculation that the brokerage may be a so-called dogecoin whale, maintaining a massive stockpile of the crypto for its own benefit.
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  14. NewsWatch: A $25 billion dogecoin whale lurks, but Robinhood CEO says ‘we don’t have significant positions in any of the coins we keep’ (06/05/2021 - Market Watch)
    Vlad Tenev, CEO of Robinhood Markets, speaking at a “fireside chat” on Thursday, attempts to dispel any lingering speculation that the brokerage may be a so-called dogecoin whale, maintaining a massive stockpile of the crypto for its own benefit.
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  15. Cryptos: A $25 billion dogecoin whale lurks, but Robinhood CEO says ‘we don’t have significant positions in any of the coins we keep’ (06/05/2021 - Market Watch)
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  16. The enormous bear case for RIOT (DD). (14/03/2021 - Reddit Stock Market)
    Got archived on r/investing for some reason so here it is: Riot Blockchain, Inc ($RIOT) are a bitcoin mining company with the most insane fundamentals i’ve ever seen. They’re at a P/S of 500 with -150% operating margin and -250% profit margin. As far as i can tell, their recent price spike from 65 cents to $62 has been purely due to bitcoin hype, and while bitcoin may definitely still have a way to go up now eventually it will come back down (imo to $15-25k for the next few years). When this happens the hype will die, and Riot should fall back down to a couple dollars. Btw this is not because i’m bearish on bitcoin or cryptos in general, in fact I have the majority of my (tiny) net worth in cryptos right now incl. bitcoin. So i would love if someone could provide a bull case for Riot that doesn’t include bitcoin hitting $500k or never dropping below $50k again. For me, i’m gonna be either shorting it or putting with $15 strike price expiring Jan 2022 (break even price 11.60) unless someone can convince me otherwise.   submitted by   /u/hatetheproject [link]   [comments]
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  17. Crypto exchange WazirX faces outage crashes after all-time high trading volumes, now fixed (05/04/2021 - Financial Express)
    WazirX Founder and CEO Nischal Shetty said in a series of tweets that investor money, Bitcoin and wallets are safe and that the issue has now been resolved after crashing earlier on Sunday.
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  18. RBI mandate: Wallets, cards to be made interoperable (21/05/2021 - Financial Express)
    “It shall be mandatory for PPI issuers to give the holders of full-KYC PPIs (KYC-compliant PPIs) interoperability through authorised card networks (for PPIs in the form of cards) and UPI (for PPIs in the form of electronic wallets),” the notification said.
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  19. Could Tesla actually sell its cars in pure bitcoin (not dollar-denominated) and make a massive gain on its $1.5bn stake in the process? (23/04/2021 - Reddit Stocks)
    I'm real stoney baloney here... but... What if Tesla were to announce that instead of selling a car for say $50,000 ... it sells it for 1 bitcoin instead (regardless of the $-value of bitcoin). Right now bitcoin is ~$50,000 so its about an even tradeoff. Now... what if Tesla were to instead sell that $50,000 car for 0.1 bitcoin? Do you think that Tesla's pricing would be enough to shoot up the price of bitcoin (theoretically up to 10x)? If bitcoin goes up, Tesla could make a pretty penny on its stake if it decides to sell. Would this even be legal lol? Is it totally insane? Now that I wrote it out this seems insane and like market manipulation. But funny to think about. I do wonder if Tesla will ever sell its cars in pure bitcoin rather than dollars, and how that would work.   submitted by   /u/Throw_away2579 [link]   [comments]
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  20. Need help understanding. (19/04/2021 - Reddit Stock Market)
    Stocks, how can we predict and do DD? Stocks rise and fall. Stock falling: Due to sellers selling at a lower rate than market value and / or little demand and too much supply. Stock rise: Buyers are willing to buy at a higher price than market value and / or high demand and too little supply. Seeing this, how can we predict when 1 or more hedge funds, big whales are going to buy? It seems like a guessing game. Also the analytics are all nice parlor tricks, but unless you have the inside scoop from someone inside a hedge company or big whale you would never know. How would you? Now these sites that claim to know etc, I think have a connection through 7 other connections to one of these hedge funds or big whales. Think about it. We are human, we buy and sell when we need to. How would one be able to calculate when a big whale needs to relieve one of their stocks / accounts to serve another. There is no other way than knowing. Perhaps catalyst are a help to see if something will go up, but by the time you buy it since it was on the news the stocks normal price is no longer normal, but elevated. What am I missing? Perhaps someone can let me know in lemans terms.   submitted by   /u/compspider [link]   [comments]
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  21. Cryptos: Here’s how crypto stocks and funds are trading as bitcoin price plunges (19/05/2021 - Market Watch)
    Bitcoin was taking a beating Wednesday as the No. 1 digital asset's price was experiencing a 40% skid from its recent peak.
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  22. Don't buy a Tesla with bitcoin (and then demand a refund) (28/03/2021 - Reddit Stocks)
    Many fans are very excited that you can now buy a Tesla with bitcoin. But actually it's not an actual purchase with bitcoin, the price of the car is still quoted in dollars, so the bitcoin price for the car fluctuates. Tesla's T&Cs state "you do not have the right to choose the method of refund". So if you buy a car in bitcoin, in case of a refund, Tesla reserves the right to decide whether you get the amount back in dollars or bitcoin. Here's an example: Buying the car for 60k USD at a bitcoin rate of 60k USD per bitcoin. Now the customer wants a refund: bitcoin rate has dropped to 50k - > Tesla refunds exactly 1 bitcoin, so has "earned" 10k USD with it. bitcoin rate has risen to 70k -> Tesla refunds 60k USD, thus has also "earned" 10k USD Tesla has gained an option by offering this payment method. So buying with bitcoins is very risky unless you are 100% sure you want to keep the car. With every price movement after the purchase you lose money in case of a refund, 100 percent profit for Tesla. Technoking is a maketing genius and the master of the coin apparently has a clue about options. But it is not very reputable. ​ https://twitter.com/nntaleb/status/1375070795987361795?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1375070795987361795%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fteslamag.de%2Fnews%2Ftesla-bitcoin-bezahlen-risiko-experte-taleb-schlechte-konditionen-bei-rueckgabe-35309   submitted by   /u/GordonGekkoVienna [link]   [comments]
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  23. What do you guys think about Bitcoin? How low do you think Bitcoin price will go?China government is cracking down on crypto mining. Bitcoin is not looking too good.My gut is telling me there's a bubble in the crypto market. From the looks of it, when (25/05/2021 - Reddit Stock Market)
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  24. Way to predict whales movements? (20/05/2021 - Reddit Stocks)
    I’ve been educating myself on the market with various courses books and YouTube channels , and I have acquired some knowledge though paper trading about support and resistance and indicators. But I’ve been crushed with some whale movements even though I cut losses quickly Is there any way? Channel news? Insider trading? Technical indicators? That can predict when a whale is about to switch the market at its will? Thanks for your help   submitted by   /u/jassjavier9 [link]   [comments]
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  25. Bitcoin, Ethereum, And Ripple (17/05/2021 - INO.com)
    The bullish setup for Bitcoin that I discussed last week was not triggered, as the price did not break above the bullish confirmation level. The price went the opposite direction, falling beneath the invalidation trigger instead. The key factors for the sell-off were the U.S. probe into the Binance crypto-exchange, and Tesla is reversing its […] The post Bitcoin, Ethereum, And Ripple appeared first on INO.com Trader's Blog.
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  26. Bitcoin is not ‘overbought’, may reach $75,000 price before current bull cycle ends, says research (07/03/2021 - Financial Express)
    Bitcoin’s price has declined from its all-time high of more than $58,000 per coin as of February 21 even as it managed to finish the month 37 per cent higher and outperform its peers.
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  27. Digital wallets emerge second-most popular in-store payment method (22/03/2021 - Financial Express)
    Debit cards and credit cards had a share of 20% and 12%, respectively. The report projected that digital wallets would overtake cash as the most popular in-store payment method by 2024, accounting for 33% of payments.
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  28. Bitcoin mania: Crypto king’s price surges to two-week high; tops $54,000 following US stimulus package (09/03/2021 - Financial Express)
    Institutional investors too have been upbeat about bitcoin. Recently Norwegian conglomerate, Aker ASA engaged in offshore fishing, construction, and engineering had announced its plans to induct bitcoin into its business operations.
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  29. Not just Bitcoin, Visa’s move to crypto-based settlements triggers price jump for Ethereum, Bitcoin Cash (30/03/2021 - Financial Express)
    Apart from Visa, institutions, and entrepreneurs such as Mastercard, BlackRock, PayPal, Square, Tesla’s Elon Musk, Jack Dorsey, and more have already been either engaging or dabbling with cryptocurrencies such as bitcoin.
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  30. What are your thoughts on SQ share price being tied to bitcoin? (09/02/2021 - Reddit Stocks)
    This past month SQ share price has tracked nearly identical to the fluctuations of bitcoin. For example, both dropped to their monthly low on 1/27 and had a sharp spike to all time highs today. I am (was?) very bullish on SQ based on the theory that post-COVID, they can generate more revenue from small business + it's possible they could be added to the S&P500 sometime in the future...but as of recently, I do not like how the share price of SQ is tracking with bitcoin. What are your thoughts on this? Does it make sense to stop buying shares right now (or just buy the dips)? I'm not sure what to make of this so I'd like to hear your thoughts. Thank you! Disclosure: SQ is my 2nd largest position at 17% of my portfolio.   submitted by   /u/bigboybuckeyenuts [link]   [comments]
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  31. El Salvador creates history: Becomes world’s first country to adopt Bitcoin as legal currency (09/06/2021 - Financial Express)
    The price of Bitcoin was marginally up from $33,555 to $34,398, as per CoinMarketCap, shortly after the announcement of adopting Bitcoin as legal tender by El Salvador's President Nayib Bukele on Wednesday morning.
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  32. SoftBank is reportedly under investigation by the SEC following its risky 'Nasdaq whale' investments (25/03/2021 - Reddit Stocks)
    The Japanese investing conglomerate SoftBank, which has holdings in household names like Apple, Amazon, Tesla, Uber, DoorDash, and Sprint, is under investigation by the Securities and Exchange Commission, Vice News reported Wednesday. The SEC disclosed the investigation in response to a public records request from Think Computer Foundation founder Aaron Greenspan, according to the legal transparency group PlainSite. The agency’s reported acknowledgment of its investigation follows reporting by the Financial Times last year that revealed SB Northstar, which is controlled by SoftBank CEO Masayoshi Son, as the “Nasdaq whale” behind secretive, risky multibillion-dollar bets on tech stocks during last summer’s market rally. Source: https://www.businessinsider.com.au/softbank-sec-investigation-foia-request-nasdaq-whale-sb-northstar-2021-3?r=US&IR=T   submitted by   /u/ShubhamG77 [link]   [comments]
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  33. Why Everyone Should Own (A Little) Bitcoin (14/05/2021 - INO.com)
    You don’t have to dig very deep to notice that when people talk about cryptocurrencies and the blockchain, they’re usually talking about Bitcoin (BTC). In fact, to most people, BTC is synonymous with cryptocurrencies. This huge popularity makes BTC the big player on the block. And with a recent price of $57,678 and a market […] The post Why Everyone Should Own (A Little) Bitcoin appeared first on INO.com Trader's Blog.
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  34. Divergence between OBTC and GBTC (01/03/2021 - Reddit Stock Market)
    Wasn’t sure If this belongs here or on r/bitcoin. As I write this OBTC (Osprey Bitcoin trust) and GBTC (greyscale Bitcoin trust) and trading in opposite directions. They both have the same underlying (Bitcoin). Why would one be -15% but the other +7% ? What am I missing? Most people are familiar with Bitcoin and GBTC. GBTC let’s you track Bitcoin but comes with a premium to Bitcoin and high fees. OBTC is very new, and is a low cost way to track BTC in your brokerage or IRA. Looking thru the news I don’t see anything about OBTC at all, so I’m not sure why the sell off especially when Bitcoin is up about 7% today. Anyone know what could be causing the drop in OBTC?   submitted by   /u/bender26102015 [link]   [comments]
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  35. Musk Discusses Sustainability With Bitcoin miners, Bitcoin Price Rises By 4% (25/05/2021 - Reddit Stock Market)
      submitted by   /u/om362 [link]   [comments]
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  36. Bitcoin rival Ethereum now among top 10 financial services; value higher than m-cap of Citigroup, SoftBank (01/04/2021 - Financial Express)
    Ethereum’s price has scaled up over 1300 per cent from $138.5 as of April 2, 2020, to $1,944 as of April 1, 2021. Despite being the biggest alternative to Bitcoin, Ethereum has a long way to cover to come close to Bitcoin’s craze and market cap.
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  37. Bitcoin, Dollar, Gold And Silver Update (05/04/2021 - INO.com)
    As Bitcoin matures, the chart structure becomes more readable over time. We can see how such a conventional indicator as a moving average perfectly supports the price. I added a 55-day (Fibonacci number) moving average (green), which at least three times this year kept the price in the bullish mode that started last October when […] The post Bitcoin, Dollar, Gold And Silver Update appeared first on INO.com Trader's Blog.
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  38. Bitcoin rival Ethereum now among top 10 financial services; valued higher than m-cap of Citigroup, SoftBank (01/04/2021 - Financial Express)
    Ethereum’s price has scaled up over 1300 per cent from $138.5 as of April 2, 2020, to $1,944 as of April 1, 2021. Despite being the biggest alternative to Bitcoin, Ethereum has a long way to cover to come close to Bitcoin’s craze and market cap.
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  39. What does ‘mooning’ mean in cryptocurrency? (26/05/2021 - The Motley Fool UK)
    With Bitcoin ‘mining’ and Chia ‘farming’, cryptocurrency terms can be baffling to say the least. You might also hear about crypto ‘going to the moon’ or that the price of something is ‘mooning’. But what on earth does it mean? Let’s find out. [top_pitch] What does it mean when cryptocurrency is ‘mooning’? The good news is that mooning in cryptocurrency has nothing to do with seeing anyone’s peachy bottom. It’s actually a verb that describes the rising price of a cryptocurrency. More specifically, when a cryptocurrency is mooning, it means its price is skyrocketing – literally heading to the moon. Like other verbs, ‘to moon’ can be conjugated in all sorts of other ways and can apply to any type of cryptocurrency. Examples of phrases you might stumble across include: “Bitcoin is going to the moon” (the price of Bitcoin is soaring) “When moon?” (when is the best time to sell the crypto I have before prices start to fall) “Prices are mooning” (prices are going through the roof) Where does ‘going to the moon’ come from? As it is with slang, it’s not always clear exactly how words or phrases come to mean specific things. The general consensus about cryptocurrency going to the moon is that it refers to 2017 when the price of Bitcoin hit unprecedented highs.  Up until then, the price of Bitcoin (the very first cryptocurrency) wasn’t anything to shout about. After all, at its launch in 2009, it was literally worthless. When it started trading in 2010, it was initially valued at a fraction of a penny (a teeny, tiny fraction).   Over the years, its value has fluctuated. Then, in 2017, something extraordinary happened and the price of Bitcoin started to rise exponentially. By December that year, one Bitcoin was worth just shy of $20,000 (around £14,100 at today’s exchange).  Naturally, Bitcoin investors watched in delight as Bitcoin started soaring, as if ‘to the moon’.  [middle_pitch] Is Bitcoin still mooning? At the time of writing, one Bitcoin is worth just over £26,000. Earlier this year in April, the price rose to £43,680. These big changes illustrate just how volatile cryptocurrencies can be. Unless you have a crystal ball, there’s simply no way of accurately predicting what will happen next.  Despite its volatility, it’s spawned an entirely new lexicon which is utterly fascinating. For example, every italicised word in this sentence is a specific crypto slang term: Prices can be rekt, and if a whale comes along and chooses to pump and dump, you could quite easily become a bagholder.  What does it all mean? Well, that’s for another time.  “This Stock Could Be Like Buying Amazon in 1997” I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner. But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared. What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations. And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! More reading Should I buy Argo Blockchain as the Bitcoin price rebounds? 1 FTSE 250 stock I’d buy Cineworld’s share price is still rising! Here’s what I’m doing now I’d listen to Warren Buffett to find the best shares to buy now 4 passive income mistakes I’m trying to avoid with UK dividend stocks The post What does ‘mooning’ mean in cryptocurrency? appeared first on The Motley Fool UK.
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  40. Project Syndicate: Lacking any intrinsic value, bitcoin’s price could be anything or nothing at all (16/02/2021 - Market Watch)
    Only those with healthy risk appetites and a robust capacity to absorb losses should consider investing in cryptocurrencies such as bitcoin.
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  41. Cryptos: Is bitcoin headed to $100,000 in 2021 or is its price ‘unsustainable’? (17/02/2021 - Market Watch)
    Bitcoin prices carve out fresh records on Wednesday but where the cryptocurrency heads from here is an open question.
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  42. Coinbase IPO Raises Concern About Bitcoin Long-Term (09/03/2021 - INO.com)
    While the price of Bitcoin has been nothing more than incredible over the past year and completely blown me away, (and certainly proven me wrong a number of times when I have in the past stated that I did not think Bitcoin or any cryptocurrency was a "wise" investment), a new warning sign has made […] The post Coinbase IPO Raises Concern About Bitcoin Long-Term appeared first on INO.com Trader's Blog.
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  43. Bitcoin's Skyrocketing Is Not Something To Celebrate, Expert Explains How The Soaring Of Bitcoin Price Has Exacerbated Energy Consumption And Global Chip Shortages (13/03/2021 - Reddit Stock Market)
      submitted by   /u/gock8383 [link]   [comments]
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  44. Whale Rock Capital adds Alphabet to its holdings - 288,966 shares (4.9% of the total portfolio), making it the second largest holding. (19/05/2021 - Reddit Stocks)
    Boston, MA, based Investment company Whale Rock Capital Management LLC (Current Portfolio) buys Alphabet Inc, Wayfair Inc, Facebook Inc, Applied Materials Inc, Workday Inc, sells Square Inc, Tesla Inc, NXP Semiconductors NV, Match Group Inc, Zoom Video Communications Inc during the 3-months ended 2021Q1, according to the most recent filings of the investment company, Whale Rock Capital Management LLC. As of 2021Q1, Whale Rock Capital Management LLC owns 49 stocks with a total value of $12.2 billion. These are the details of the buys and sells. New Purchases: GOOGL, W, AMAT, WDAY, ORCL, TWTR, ASML, MSFT, NCNO, CPNG, XM, AFRM, ACVA, TBA, OLO, DLB, Added Positions: FB, BEKE, AMZN, ZEN, TWLO, BILL, SMAR, TRIP, BILI Reduced Positions: TSLA, CRWD, TSM, PENN, SE, CREE, DIS, PINS, FIVN, PTON, MELI, CVNA, MDB, COUP, SHOP, PDD, AI, DASH, ABNB Sold Out: SQ, NXPI, MTCH, ZM, UBER, ZS, CRUS, EXPE, FTCH, NVDA, JD, EGHT, OKTA, SNAP, MPWR, NET, ROOT, OZON, YSG, These are the top 5 holdings of Whale Rock Capital Management LLC Amazon.com Inc (AMZN) - 213,351 shares, 5.43% of the total portfolio. Shares added by 33.66% Alphabet Inc (GOOGL) - 288,966 shares, 4.90% of the total portfolio. New Position Tesla Inc (TSLA) - 873,195 shares, 4.80% of the total portfolio. Shares reduced by 46.96% Bill.com Holdings Inc (BILL) - 3,905,451 shares, 4.67% of the total portfolio. Shares added by 11.17% Wayfair Inc (W) - 1,608,311 shares, 4.16% of the total portfolio. New Position Source: https://www.gurufocus.com/news/1432419/whale-rock-capital-management-llc-buys-alphabet-inc-wayfair-inc-facebook-inc-sells-square-inc-tesla-inc-nxp-semiconductors-nv   submitted by   /u/Karnes [link]   [comments]
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  45. Looks like my just for fun prediction from 28 days ago (Bitcoin from $65,000 to $15,000) might actually pan out :( (23/05/2021 - Reddit Stock Market)
    https://www.reddit.com/r/bitcoinmeltdown/comments/mxru8j/bitcoin_prediction_just_for_fun_65000_15000/?utm_source=share&utm_medium=ios_app&utm_name=iossmf Apparently a post here has to have a certain character count. Crossposting isn’t allowed and I can’t even seem to be able to share a screenshot of the previous post. So the above is a link to the original post stuck up on an obscure subreddit because they were the only place I could find where I was able to actually post it. The rest of this post is just basically me typing additional characters so that I will be able to post here. I know that this isn’t technically a high effort post. But I’m somewhat proud of the fact that I called it when I did. Despite the fact that hordes of people tried to convince me otherwise. The reason I came up with the prediction was just from overlapping that famous hype/mania graph overtop of Bitcoin and realizing that they lined up almost perfectly. So perfectly that I initially thought it was comical. However now it isn’t really so funny. The only reason that I was looking into crypto was because I was planning to buy some Bitcoin. I saw it was levelling off and I decided that it wasn’t an optimum time to buy. Especially with the recent media hype. But then I looked at that chart and every single step listed in the chart Bitcoin had gone through. Takeoff, first sell off, bear trap, media attention, enthusiasm, greed, delusion, the nee paradigm was obvious from the adds I kept getting trying to sell me crypto wallets, we were just hitting the denial phase. Since then we have hit the bull trap and the return to normal. The only things left are fear, capitulation and despair. We are currently in the capitulation phase I think. So I am not going to be buying Bitcoin until we return to the mean which just by eyeballing the chart looks like it’s sitting around $15,000.   submitted by   /u/TheSqueezeHasSquozen [link]   [comments]
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  46. Bitcoin is finding favor with major companies but is the risk worth it? (23/02/2021 - AlphaStreet)
    Bitcoin is hot news right now. The virtual currency has always been a topic of debate but since the start of 2021, it has been gaining popularity among analysts and companies, many of whom now consider it less of a fad and more of a game-changer. Up until last week, bitcoin traded at a price above $50,000, going on to hit a market value of $1 trillion for the first time. However on Monday, according to a report by CNBC, US Treasury Secretary Janet Yellen voiced concerns on the legitimacy and stability of bitcoin which led to a fall in the price of the cryptocurrency. Ms. Yellen termed it an “inefficient way of conducting transactions” and pointed out issues such as association with illegal activities and the possibility of losses due to volatility. Following these comments, bitcoin saw a drop in its price. On Tuesday, the virtual currency fell as much as $45,041, according to CNBC. Its value is now less than $900 billion. Still, bitcoin is up over 60% since the start of this year and market experts believe this sharp volatility is nothing new to cryptocurrencies. Major companies that have accepted bitcoin Several leading companies are now accepting bitcoin which is one of the main reasons behind its current rally. Five of them are listed below: PayPal – Last October, PayPal Holdings (NASDAQ: PYPL) announced the launch of a new service allowing its customers to buy, hold and sell cryptocurrency directly from their PayPal account. The company plans to expand the features to Venmo in the first half of 2021. PayPal has partnered with cryptocurrency services provider, Paxos Trust Company, for this purpose. Yum Brands – Yum Brands Inc. (NYSE: YUM), which owns Pizza Hut, KFC and Taco Bell, has accepted bitcoin as payment at KFC Canada earlier and is currently doing so at Pizza Hut Venezuela.   Starbucks – Last March, CoinDesk reported that Starbucks (NASDAQ: SBUX) was testing Bakkt Cash as a payment option on its mobile app for bitcoin payments. Home Depot – The Home Depot Inc. (NYSE: HD) has partnered with payments start-up, Flexa, to provide the option of bitcoin payments in its stores.   Microsoft – Microsoft Corp. (NASDAQ: MSFT) began accepting bitcoin at its online Xbox Store in 2014. After halting temporarily due to the volatility, the service has resumed and can be used to buy apps, games and other digital content. Risky business Despite this popularity and acceptance, bitcoin is considered a very risky business. Due to the lack of proper regulation, it is subject to sharp market volatility giving rise to the risk of heavy losses. There are also security concerns due to the public nature of its transactions and its vulnerability to hacking. Although storage options like paper wallets are considered safe, the risks that arise from the loss of or damage to the paper wallet are far worse than the security benefits. In addition, any losses from bitcoin-related issues are irrecoverable. So is the risk worth it? Maybe not.   Click here to read more stock market-related newsThe post Bitcoin is finding favor with major companies but is the risk worth it? first appeared on AlphaStreet.
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  47. Footprints of 6 dinosaur species found in UK: All you need to know about it (20/06/2021 - Financial Express)
    Proofs from ancient history yet again surfaced indicating the presence of the last dinosaurs to walk on the land of the UK.
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  48. Elon Musk’s U-turn on Bitcoin: Tesla won’t accept it to sell cars; Bitcoin sinks, Tesla shares fall (13/05/2021 - Financial Express)
    While Tesla has now suspended transactions using Bitcoin, the company will explore the use of other cryptocurrencies that use less than 1% of Bitcoin’s energy per transaction
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  49. Cryptos: Bitcoin drops further below key $50,000 level after Yellen calls it ‘extremely inefficient’ (23/02/2021 - Market Watch)
    The price of bitcoin fell below the psychologically important $50,000, after Treasury Secretary Janet Yellen sounded a warning over the cryptocurrency.
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