With Aussie stocks making up such a small percentage of world share markets, how much of your portfolio should be allocated to home-grown companies?
NEO is up 42.8% to US$29.76 in the past 24 hours, as the crypto rallies from earlier lows. Today’s massive recovery is thanks to some much needed good news — a fresh listing on an exchange.
The power that crypto provides to everyday people is like nothing else before. I believe that’s the reason the likes of China’s government are cracking down on it. It’s why the US are watching it with their finger over the trigger. They’re petrified of the implications to their power base.
Cryptocurrencies represent what I call an ‘asymmetric bet’. In other words, the pay off if I’m right is 1,000%, 10,000% or even 100,000% my original investment over the next 10 years. If I’m wrong on the other hand, the maximum loss I can make is 100%.
Golem (GNT) is up 35% over the last 24 hours, as other major cryptocurrency prices have rebounded from steep falls earlier in the week.
Dramatic events unfolded in the cryptocurrency world yesterday. China put a blanket ban on initial coin offerings (ICOs). Cryptos like bitcoin, ethereum and bitcoin cash had their biggest losses in months.
Yesterday, Stargroup announced that they would help facilitate the buying and selling of bitcoins. They wouldn’t do this online. Rather they would create two-way ATMs for Aussies to buy and sell their bitcoins for cash.
Right now, one bitcoin trades for around US$4,584. It’s down slightly from its all-time high of US$4,950.72. But a lot of analysts share the view that bitcoin has only one place to go in the long run. Up!
With interest growing around the world, there has never been a better time to learn more about the incredible potential with cryptocurrencies. But there are some very real risks for investors...
The price of bitcoin reached a new high of $6,043 overnight, but has since eased back to just under the $6,000 mark.