Bitcoin has fallen 50 per cent since November. This is not unusual for the cryptocurrency; it did the same thing from April to July 2021, and quickly rebounded.
“For a contagion driven asset with no economic anchor such as #BTC, a falling price does not make it ‘cheaper’ and more attractive. A falling price makes it less desirableThis is not true empirically over bitcoin’s short history. In the past, buying bitcoin when the price was falling has been equally attractive as buying it when its price was rising. But Taleb made an economic claim, not a statistical one.
This is the world in which bitcoin was born and gained worldwide trust among technophiles, financially repressed people and people sceptical of government and banks.Bitcoin was a lifeboat for people thrown overboard by the government ship, and for everyone in case the traditional financial system’s lack of an anchor caused it to founder. Lifeboats don’t need anchors.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Top US doctor backs Pfizer's plans for Omicron-specific vaccinePfizer and BioNTech have announced a plan to study a coronavirus vaccine specifically targeted at the highly infectious Omicron variant. They probley released it so they could sell the vaccine. I trust them as far as I can throw a 50kg plate. Get your gift card at Domino's now. why? If it was any other manufacturer it would be a product recall! LOL
Source: SkyNewsAust - 🏆 7. / 78 Read more »
US stocks sell-off as Fed dread deepensAll three major US benchmarks were lower in late morning trade on renewed, volatile selling. US bonds were steady. Gold, oil, iron ore and bitcoin were higher.
Source: FinancialReview - 🏆 2. / 90 Read more »
US troops on high alert over Ukraine as NATO outlines Russia 'deterrence' planThe NATO alliance outlines potential troop and ship deployments, the UK says it will withdraw diplomats from Kyiv, and Ireland denounces upcoming Russian war games off its coast as unwelcome. dusting off the old Russian bogeyman script? Election Incoming! Bidens ratings have tanked , a war is always good for ratings . Can’t Europe for once fight their own wars .
Source: abcnews - 🏆 5. / 83 Read more »
US jet crashes in South China SeaSeven people have been injured after a United States fighter jet crashed on the deck of an aircraft carrier during operations in the South China Sea on Monday. 😂😂😂 Bunch of useless people wast of taxpayer money
Source: newscomauHQ - 🏆 9. / 77 Read more »
US troops on standby to deploy to EuropeBut it’s ok to do exactly what Russia is doing but on the doorstep of China / Iran & North Korea The Ukraine may have asked for help.. From one war to the next. Will it ever end. This one maybe will be the one that ends it for the USA
Source: SkyNewsAust - 🏆 7. / 78 Read more »
US orders families of Ukraine embassy staff to leave with fears Russia will invadeThe move comes amid rising tensions about Russia's military buildup on the Ukraine border that haven't eased following talks between Secretary of State Antony Blinken and Russian Foreign Minister Sergey Lavrov. The Democrats love a good war, don't they. Quick abc run the AUSTRALIA is going to war stories to scare the public into not changing government EU should not let the US negotiate with the RUS for them. The US will not pay a hefty price if there's a war, on the other hand, the EU will.
Source: abcnews - 🏆 5. / 83 Read more »