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+7 +2
Bull Market Blues
**Submitter's note: browse in Privacy/Incognito mode.** The fact that the major averages have lately been hitting new highs — the Dow has risen 177 percent from its low point in March 2009 — is newsworthy and noteworthy. What are those Wall Street indexes telling us?
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+30 +1
Kobe Bryant reveals his $100 million venture capital fund
Kobe Bryant has revealed that while he was dominating play on the basketball court, he was also quietly building a $100 million venture capital firm, called Bryant Stibel.
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+15 +1
World’s biggest pension fund hit by $52bn loss
Japan’s Government Pension Investment Fund (GPIF) has posted a loss of $52 billion for April to June, following the tumbling Tokyo stock market and the yen’s surge.
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+32 +1
A Chinese billionaire is staking his legacy — and thousands of American jobs — on this factory in Ohio
The next chapter of globalization is already unfolding inside a Chinese billionaire's factory in Ohio.
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+1 +1
Best Returns in Poland Are Stocks Flying Under Government Radar
Poland’s equity investors are sidestepping government efforts to encroach on state companies by piling into stocks of medium-sized firms instead.
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+18 +1
How To Trade Stocks For Profit When The Market Opens
In this video, learn how to trade stocks for profit. I discuss how you can make a profit when the stock market opens. The rules are slightly different since there is more volatility in the morning when the Market bell rings.
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+10 +1
Political Storms Won’t Deter Polish Stock Rally
Equities in Poland have surged. But attractive valuations and strong macroeconomic conditions should keep them rising.
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+14 +1
Cameron Winklevoss Predicts That Bitcoin Will Reach Multi-Trillion Value
Cameron of the famous Winklevoss twins, predicts bitcoins blazing gains this year is just the start and it is primed to reach a multi-trillion value in long-term. “We’ve always felt that Bitcoin, given its properties, is gold 2.0 — it disrupts gold. Gold is scarce, Bitcoin is actually fixed. Bitcoin is way more portable and way more divisible. At a $300 bln market cap, it’s certainly seen a lot of price appreciation, but gold is at $6 tln and if Bitcoin disrupting gold is true and it plays out...
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+5 +1
Bill Miller's hedge fund has half its money in bitcoin
A hedge fund run by legendary investor Bill Miller is now half invested in bitcoin. "It's just about 50 percent right now," Miller said regarding his MVP 1 fund on the WealthTrack podcast with Consuelo Mack released last week. Miller founded Miller Value Partners in 2016 after a 35-year career at Legg Mason, where he managed a fund that beat the S&P 500 for 15 straight years through 2005.
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+9 +1
Trader makes million-dollar bet that bitcoin will triple next year
Someone just bet that bitcoin will top $50,000 next year. Online records from New York-based digital currency-trading platform LedgerX showed 275 call options expiring Dec. 28, 2018, were bought in Wednesday's trading session at a volume-weighted average price of $3,600. At that price, roughly $1 million was spent on the bet. The trade gives the investor or investors the option to buy bitcoin at $50,000 in the roughly next 12 months, implying expectations that the digital currency will soar beyond that price.
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+18 +1
Don’t fall for the hype — Why Bitcoin’s $10,000 Price Doesn’t Reflect Its True Value.
Here are some examples of financial news headlines from the last few days: Bitcoin finally hits $10,000! — The Economist, Nov. 28th, 2017 Bitcoin surpasses the $10,000 milestone! — CNBC, Nov. 28th, 2017 BITCOIN SOARS ABOVE $11,000! — The Guardian, Nov. 29th, 2017
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+16 +1
Goldman Sachs to set up cryptocurrency trading desk
Goldman Sachs Group Inc. is setting up a trading desk to make markets in digital currencies like bitcoin, Bloomberg reported, citing people familiar with the matter. The Wall Street bank aims to get the business running by the end of June, Bloomberg reported Thursday.
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+19 +1
Jamie Dimon: "I Regret Calling Bitcoin A Fraud"
Less than four months after Jamie Dimon lashed out at bitcoin, warning that it was would "eventually blow up" because it was "worse than tulip bulbs" and that "any trader trading bitcoin" will be "fired for being stupid", the JPMorgan CEO said he "regrets" his infamous criticism of bitcoin, in which he called the cryptocurrency a "fraud." In an interview with FOX Business' Maria Bartiromo, Dimon repented, softening the comments he made in a September banking conference, saying "I regret making them."
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+12 +1
'Get ready for an explosion' in bitcoin as Wall Streeters spend their bonus checks
Many market observers expect the crypto markets will have sharp spikes up and down this year compared to 2017. A few weeks ago the bitcoin traded at more than $20,000, and at the end of 2017 the price dropped to around $11,000. This was followed by a rebound again, with bitcoin hitting about $16,500Ƀ1.122000BTC on Saturday. Meltem Demirors, director of the Digital Currency Group — an investment company which invests in currencies and crypto blockchain businesses — believes renewed momentum is on its way as Wall Street bonus season hits.
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+24 +1
Ex-Financial Regulator Regrets He Didn’t Invest In Bitcoin Instead of Warning Everyone Not To
Who wouldn’t like to invest in Bitcoin back at the time when it was worth $100 or $200 dollars? Now it seems that the establishment regrets not to have invested before. Bart Chilton, a former financial regulator, said in Thursday that he wished he had invested in Bitcoin, or other cryptocurrencies, when he was warning everyone about them.
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+35 +1
So you're thinking about investing in bitcoin? Don't
A collective insanity has sprouted around the new field of ‘cryptocurrencies’, causing an irrational gold rush. I know you’re tempted, but don’t be a fool
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+37 +1
Beyond the Bitcoin Bubble
Yes, it’s driven by greed — but the mania for cryptocurrency could wind up building something much more important than wealth.
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+18 +1
10 Biggest Crypto-Currencies Lose Over $100 Billion in 24 Hours
Bitcoin and other digital currencies have always been volatile, so a big daily drop is not unusual. That said, Tuesday was a particularly ugly day for crypto investors as every major currency fell by anywhere from 15% to 28%. A back-of-the-envelope calculation by Fortune shows that the top 10 currencies had collectively lost $108 billon in 24 hours as of 3 pm ET on Tuesday.
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+23 +1
Hedgies jumping in on bitcoin shakeout
This is the type of shake-out moment bitcoin needed in order to move to the next level — provided it survives. I’m not speaking of any other crypto here, just bitcoin since it’s the blue chip digital currency.As the price crashed below $10,000 mark on some exchanges, bitcoin can build a base punishing the speculators who jumped in late last year.
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+14 +1
Bitcoin's on a wild ride, but investors have shown it's here to stay, analyst says
Despite its recent price whipsaw, bitcoin has gained legitimacy with investors and is here to stay, according to Spencer Bogart, a partner and head of research at Blockchain Capital. Bitcoin has been on a jolting ride this year after soaring more than 1,200 percent in 2017. It rose 30.9 percent Thursday, to top $12,000 after plunging more than 30 percent earlier in the week. Other cryptocurrencies such as ripple, litecoin and ethereum, showed similar trading patterns. Bitcoin was trading around $11,570 later Thursday.
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