Dear helpless investor, I am writing to check in on you. It has been a roller coaster week. Are you still intact despite all the ups and downs? You must have been through a lot. Suddenly, you woke up to a disastrous free fall in the stock market. The next day there was a historic rebound. Then the following day another market plunge wiped out the gains. As retail … [Read more...]
Lessons learned from the fall of bitcoin
Last Friday, the cryptocurrency market suffered an irrational sell-off. An estimated $115 billion worth of different digital coins were wiped off in a single day. What happened to bitcoin? In less than 13 hours, the price of bitcoin plunged 15 percent to USD7,700, before bouncing back to the USD9,000 level on Saturday. As I am writing this, the price of bitcoin … [Read more...]