Currently, there are over 5000 altcoins in the crypto market, and they accounted for more than 34% market capitalization of the crypto market in February 2020. Altcoins compete for market dominance and create fierce competition in the market. Some of them like Ether, Litecoin and Ripple have, over the years, increased in popularity and value.
However, the value of a coin is hinged to many factors (e.g. price trends and fundamental analysis). While other factors may be inconsistent sometimes, one always remains consistent: Bitcoin. No matter the potential of a coin, its value must be impacted by the current price movement of Bitcoin.
We saw this happen with [...]
Michael Burry, widely known for his role in the prediction of the 2008 subprime mortgage crisis and the collateralized debt obligations bubble, now predicts the same fate for Index funds and ETFs.
The Big Shot’s hero has indicated that the massive inflow into the ETF market precedes a crisis that could cripple the entire system in the long run. The contrarian explained that the influx of index funds is now affecting the prices of stocks and bonds, creating a bubble that could adversely affect the market investors at some point.
He also pointed out the risks that could be faced in this case – which we attempt to explain in a few steps through this [...]
Over the years, we have educated our readers about cryptocurrency and cryptocurrency trading. We appreciate the numerous readers that have followed us consistently. If you are reading this, we know you are one of them, and we do not make light of this.
Our reviews cut across various topics — Bitcoin exchanges, trading bots, trading signal providers and digital banking — in a bid to guide our readers into making educated decisions regarding their investments in the investing sphere. Just like our name, we aim to present smart investment options to our community. We find this necessary because the cryptocurrency and the investment world is ridden with cynicism. Many [...]
As the world struggles to contain the spiral effects of the novel coronavirus on the economy, nations worldwide are reviewing their policies to maintain a measure of stability. Today, we have governments enacting what they term “quantitative easing” with goals of increasing the supply and circulation of money, thus in doing so create some new bitcoin gold news for us. As both bitcoin vs gold narrative and the irony of being able to now buy gold with Bitcoin has your traditional cryptocurrency exchange buying and selling not only metals but currencies such as the usd eur and even commodities as [...]