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By CCN.com: Juventus stock plunged by more than 23% in the two days following the club’s Champions League exit, where a goal by Cristiano Ronaldo wasn’t enough to stave off defeat against Ajax. Such is the financial gulf between Italian giants Juventus and their Dutch opponents that the share price of Juventus Fc SpA (JUVE) sunk like a stone immediately after the game. The selloff signals a lack of belief among investors that the ‘Ronaldo Project’ is going to pay off, and raises questions about the future of the club on and off the pitch. JUVENTUS STOCK PRICE PLUNGES ON
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At I write this, one dollar is worth .89 Euros, 110.8 Japanese Yen, and .77 British Pounds, but the exchange rates are likely to be different tomorrow, or even in the next five minutes. Such is the uncertainty we must accept when it comes to the value of fiat currencies. The only means available to us for measuring the value of money is by comparison to other currencies, hence why the value of the Euro, Japanese Yen, and British Pound are compared to the US dollar as opposed to a Somali Shilling (at the time of this writing worth $ .0017).
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I know that if you look at Bitcoin it's hard to believe the last ten years could be repeated. Most of the people who have an exposure to Bitcoin thought the same when looking at it in 2017 when it was below 4k, or even further down the road when it was at 1k, or when it was at 400 a coin, etc.
Try to look at why it came from sub Dollar a coin to where we are now. The fundamentals are the same but everything around it has evolved in making it's usage better. Bitcoin still has by far the biggest development team behind it. It's still evolving and not like most shitcoins just a copy of something existing with one or a few improvements that are sold by smart salesman as the next revolution but mostly right after that fall dead in the water because maintenance or development goes quickly to zero.
Look at what is happening to the debts building up everywhere; individual, governments, companies, banks. How is that ever going to be paid back, just by printing more of it? Is it possible to just keep on creating money with no end. If it's that easy wouldn't we all be rich already by banks just printing infinite amounts and giving it to all of us?
Even of you don't understand how the fiat system works, you probably will realize we cannot create wealth by just printing fiat, but that is the only thing we are doing right know and have been doing for a long time.
Bitcoin is like Gold in that respect, it can't be created at almost no cost like fiat can. So it can't create inflation like printing fiat does. Bitcoin is sound money like gold and silver once was but just modern version, better suited for and made possible by computers and the internet. If Bitcoin will succeed in reaching its ultimate goal we will have a lot wealth that has to be flowing into it, in fact we would only just have being started with that process.
No one can quarantee it will succeed since nobody can look into the future. So don't invest more than you can afford is rule #1. But the longer it survives the bigger the chances of succeeding will be.
You can wait for it to prove its ultimate destination but then you will also be paying the amount of wealth it will represent at that time. If you get onboard in a suitably time, does ~80% below last ath sound good enough?, you could enjoy the ride up with us.
Know where you put your money in is rule #2 so read up on what Bitcoin is how it works. If you do not own your private key you don't own your coins is rule #3 Keep your amount of wealth to yourself would be #4
There are more things you should know but if @4 don't let anyone or anything stop you from having some exposure to Bitcoin. Not because you will help me or other Bitcoin owners, but simply because having no exposure is in my believe a bigger risk than having a balanced exposure to it, even when I tell you you can lose that part completely.
Let me finish with #5: just have some patience.
‣Reddit user says a single wallet on NiceHash controls 51%+ of the hashrate of Dash ‣NiceHash responds: Lease more hash power from us to shore up against a 51% attack ‣You could also shore up with used ASIC miners for a bargain discount these days ‣NiceHash could make it impossible for hashrate buyers to coordinate an attack ‣Or, you could be the next one to join the bank run on your small alt coin and hodl btc Earlier in January on reddit.com/r/Cryptocurrency, a user by the name of /u/Flenst pointed out that Slovenian hash power broker NiceHash is powering over
Canadian-based QuardigaCX says they can’t find their cold storage wallets. In a notice published on its website, the crypto exchange says they have filed an application for protection under the Companies’ Creditors Arrangement Act (CCAA), a Canadian law which deals with bankruptcies in Canada. For the past weeks, we have worked extensively to address our liquidity issues, which include attempting to locate and secure our very significant cryptocurrency reserves held in cold wallets, and that are required to satisfy customer cryptocurrency balances on deposit, as well as sourcing a financial institution to accept the bank drafts that are to be
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By CCN.com: Circle CEO Jeremy Allaire says humanity can’t survive the digital age without crypto because its decentralized nature and resiliency make it indispensable. Allaire made the remarks at the 2019 World Economic Forum in Davos, Switzerland. Allaire says cryptocurrency skeptics are merely that way because they’re unfamiliar with the new technology. ‘Cryptography is Fundamental to the … Continued
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