Big-name investors are using a ‘1% rule’ to make risky bets that won’t devastate you — but could pay off big-time

To the uninitiated, investing can seem like gambling. And in some cases, it is. But when big-name investors make big returns look easy, it’s tempting to roll the dice yourself. The latest craze to catch the attention of the mainstream investing community revolves around cryptocurrencies, such as Bitcoin and Ethereum. Jason Calacanis, an early investor in startups including Robinhood and Uber, recently tweeted a question about the appropriate percentage to invest in the volatile cryptocurrency…

"Big-name investors are using a ‘1% rule’ to make risky bets that won’t devastate you — but could pay off big-time"

Silicon Valley is hot on a new cryptocurrency that could become worth 100 times its current value

Ether, the unit of cryptocurrency used on the Ethereum blockchain, has given investors a wild ride lately. Its value more than doubled in May, peaked in June at more than $ 400 an ether, and then lost more than half that value by early this week. That may sound like a bubble bursting. But some investors are still optimistic and are prepared to ride it out. Aaron Batalion, a partner at Lightspeed Venture Partners, said…

"Silicon Valley is hot on a new cryptocurrency that could become worth 100 times its current value"

One of the world’s top central bankers warns digital currencies like bitcoin could worsen future financial crises

Jens Weidmann, the head of Germany’s Bundesbank and one of the most powerful figures in European finance, has warned that digital currencies like bitcoin have the potential to make financial crises in the future even more devastating. Speaking in Frankfurt on Wednesday, Weidmann said he believes that central banks will eventually create their own digital currencies to reassure average citizens that such currencies are safe and stable, but in doing so could increase the risk…

"One of the world’s top central bankers warns digital currencies like bitcoin could worsen future financial crises"

The Future of Bitcoin Could Be Bitcoin Futures

Bitcoin enthusiasts eager for the digital currency to go mainstream have had a disappointing month. The Securities and Exchange Commission on Tuesday rejected a bid to list shares of the SolidX Bitcoin Trust on an affiliate of the New York Stock Exchange. Less than three weeks earlier, the SEC denied a similar application to list a bitcoin exchange-traded fund backed by Cameron and Tyler Winklevoss. The two decisions appear to have slammed the doors on bitcoin ETFs…

"The Future of Bitcoin Could Be Bitcoin Futures"

The first investor in Snapchat thinks bitcoin could realistically be worth $500,000 by 2030

Bitcoin has been the top-performing currency in the world in six of the past seven years, climbing from zero to a value of about $ 1,190. But the cryptocurrency isn’t anywhere close to its potential, according to Jeremy Liew, the first investor in Snapchat, and Blockchain CEO and cofounder Peter Smith. In a presentation sent to Business Insider, the duo laid out their case for why it’s reasonable for bitcoin to explode to $ 500,000 by…

"The first investor in Snapchat thinks bitcoin could realistically be worth $500,000 by 2030"

The Future of Bitcoin Could Be Bitcoin Futures

Bitcoin enthusiasts eager for the digital currency to go mainstream have had a disappointing month. The Securities and Exchange Commission on Tuesday rejected a bid to list shares of the SolidX Bitcoin Trust on an affiliate of the New York Stock Exchange. Less than three weeks earlier, the SEC denied a similar application to list a bitcoin exchange-traded fund backed by Cameron and Tyler Winklevoss. The two decisions appear to have slammed the doors on bitcoin ETFs…

"The Future of Bitcoin Could Be Bitcoin Futures"

Bitcoin could be on the edge of a cliff

Let me be clear: I do not trade bitcoin, but I do write about it often. Before going into journalism, I spent my days trading. I learned a lot about technical analysis during that time, and right now, technical analysis spells huge trouble ahead for the cryptocurrency.  Let’s recap what has been going on in the bitcoin market so far this year.  Bitcoin rallied 120% in 2016 and has been the top-performing currency in each of…

"Bitcoin could be on the edge of a cliff"