+Follow
SIMONANG
No personal profile
9
Follow
0
Followers
0
Topic
0
Badge
Posts
Hot
SIMONANG
2021-04-26
Like and comment
Bitcoin: Boom, Bust and Big Opportunity?
Go to Tiger App to see more news
{"i18n":{"language":"en_US"},"userPageInfo":{"id":"3578439674654060","uuid":"3578439674654060","gmtCreate":1615345859454,"gmtModify":1706620740328,"name":"SIMONANG","pinyin":"simonang","introduction":"","introductionEn":"","signature":"","avatar":"https://static.laohu8.com/default-avatar.jpg","hat":null,"hatId":null,"hatName":null,"vip":1,"status":2,"fanSize":0,"headSize":9,"tweetSize":1,"questionSize":0,"limitLevel":999,"accountStatus":4,"level":{"id":1,"name":"萌萌虎","nameTw":"萌萌虎","represent":"呱呱坠地","factor":"评论帖子3次或发布1条主帖（非转发）","iconColor":"3C9E83","bgColor":"A2F1D9"},"themeCounts":0,"badgeCounts":0,"badges":[],"moderator":false,"superModerator":false,"manageSymbols":null,"badgeLevel":null,"boolIsFan":false,"boolIsHead":false,"favoriteSize":0,"symbols":null,"coverImage":null,"realNameVerified":"success","userBadges":[{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.12.07","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1001},{"badgeId":"44212b71d0be4ec88898348dbe882e03-1","templateUuid":"44212b71d0be4ec88898348dbe882e03","name":"Boss Tiger","description":"The transaction amount of the securities account reaches $100,000","bigImgUrl":"https://static.tigerbbs.com/c8dfc27c1ee0e25db1c93e9d0b641101","smallImgUrl":"https://static.tigerbbs.com/f43908c142f8a33c78f5bdf0e2897488","grayImgUrl":"https://static.tigerbbs.com/82165ff19cb8a786e8919f92acee5213","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.07.14","exceedPercentage":"60.80%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1101},{"badgeId":"7a9f168ff73447fe856ed6c938b61789-1","templateUuid":"7a9f168ff73447fe856ed6c938b61789","name":"Knowledgeable Investor","description":"Traded more than 10 stocks","bigImgUrl":"https://static.tigerbbs.com/e74cc24115c4fbae6154ec1b1041bf47","smallImgUrl":"https://static.tigerbbs.com/d48265cbfd97c57f9048db29f22227b0","grayImgUrl":"https://static.tigerbbs.com/76c6d6898b073c77e1c537ebe9ac1c57","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1102},{"badgeId":"a83d7582f45846ffbccbce770ce65d84-1","templateUuid":"a83d7582f45846ffbccbce770ce65d84","name":"Real Trader","description":"Completed a transaction","bigImgUrl":"https://static.tigerbbs.com/2e08a1cc2087a1de93402c2c290fa65b","smallImgUrl":"https://static.tigerbbs.com/4504a6397ce1137932d56e5f4ce27166","grayImgUrl":"https://static.tigerbbs.com/4b22c79415b4cd6e3d8ebc4a0fa32604","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100},{"badgeId":"972123088c9646f7b6091ae0662215be-1","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Elite Trader","description":"Total number of securities or futures transactions reached 30","bigImgUrl":"https://static.tigerbbs.com/ab0f87127c854ce3191a752d57b46edc","smallImgUrl":"https://static.tigerbbs.com/c9835ce48b8c8743566d344ac7a7ba8c","grayImgUrl":"https://static.tigerbbs.com/76754b53ce7a90019f132c1d2fbc698f","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":"60.39%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100}],"userBadgeCount":5,"currentWearingBadge":null,"individualDisplayBadges":null,"crmLevel":1,"crmLevelSwitch":0,"location":null,"starInvestorFollowerNum":0,"starInvestorFlag":false,"starInvestorOrderShareNum":0,"subscribeStarInvestorNum":0,"ror":null,"winRationPercentage":null,"showRor":false,"investmentPhilosophy":null,"starInvestorSubscribeFlag":false},"baikeInfo":{},"tab":"hot","tweets":[{"id":374348908,"gmtCreate":1619423958604,"gmtModify":1704723604500,"author":{"id":"3578439674654060","authorId":"3578439674654060","name":"SIMONANG","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578439674654060","authorIdStr":"3578439674654060"},"themes":[],"htmlText":"Like and comment ","listText":"Like and comment ","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/374348908","repostId":"1158968268","repostType":4,"isVote":1,"tweetType":1,"viewCount":336,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":374348908,"gmtCreate":1619423958604,"gmtModify":1704723604500,"author":{"id":"3578439674654060","authorId":"3578439674654060","name":"SIMONANG","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578439674654060","authorIdStr":"3578439674654060"},"themes":[],"htmlText":"Like and comment ","listText":"Like and comment ","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/374348908","repostId":"1158968268","repostType":4,"repost":{"id":"1158968268","kind":"news","pubTimestamp":1619396796,"share":"https://ttm.financial/m/news/1158968268?lang=&edition=fundamental","pubTime":"2021-04-26 08:26","market":"us","language":"en","title":"Bitcoin: Boom, Bust and Big Opportunity?","url":"https://stock-news.laohu8.com/highlight/detail?id=1158968268","media":"TheStreet","summary":"TheStreet taps two crypto experts, Bobby Ong of CoinGecko and Dave Balter of Flipside Crypto, to dis","content":"<p>TheStreet taps two crypto experts, Bobby Ong of CoinGecko and Dave Balter of Flipside Crypto, to discuss the April 'bloodbath' and what it means for investors.</p>\n<p>Did the world just witness the bitcoin bomb? Or, the chance for a bitcoin buy?</p>\n<p>The famed cryptocurrency fell sharply over the past week, sinking from its mid-month high of over $64,000 to Sunday evening, when it fell under $48,000.</p>\n<p>But the move may prove an opportunity for longer term investors.</p>\n<p>\"Bitcoin's volatility isn't a flaw, it's a gift -- especially for the up-and-coming investor class of millennials and Gen-Z,\" said Dave Balter, the chief executive of Flipside Crypto, which provides analytics and business intelligence to crypto organizations, in an email to<i>TheStreet.</i>\"The last month is a reflection of its natural cycles, but also of a maturing institutional speculation and futures market.\"</p>\n<p>And, said Balter, any good investor \"knows there's always money to be made with volatile assets.\"</p>\n<p>Still, the move startled some observers. Before the fall, bitcoin had been on a steady upswing, with many forecasting that it was not a question of if, but when, itwould hit $100,000. Just in the past quarter, the cryptocurrency scored several new highs and surpassed $64,000 on April 14. By that time it had also grown by over 1,000% from a year-ago, when on March 13, 2020, it crashed 40% intraday to $5,413, according to a new report by CoinGecko, one of the largest independent cryptocurrency data aggregators.</p>\n<p>The past week's drop also came after several months of bullish buildup on crypto that dominated financial news headlines.</p>\n<p>Tesla had said in March that it was holding bitcoin as an investment asset and would take it as a form of payment. Visa gotfurther into cryptoand Grayscale Investmentsrevealed it planned a bitcoin exchange-traded fund. And then there was the hysteria of Coinbase going public.</p>\n<p>\"There was already a massive amount of leverage in the market in anticipation of the Coinbase IPO,\" said Bobby Ong, CoinGecko's chief operating officer, told<i>TheStreet</i>in an email. \"The excitement of having the first crypto company IPO also led bitcoin’s price to hit a new all-time high of $64,804.\"</p>\n<p>Further exacerbating last week's selloff was its occurrence during the weekend when there were thinner order books, said Ong. \"With high leverage and thin order books, even a small decrease in price will trigger a sharp drawdown and cause a downward spiral in price.\"</p>\n<p>Now, the market needs to correct itself, because there were many over-leveraged traders, said Ong, adding that bitcoin options expire toward the end of every month, which usually causes increased volatility around that time.</p>\n<p><b>Bitcoin Ban?</b></p>\n<p>Despite bitcoin's rise through mid-April and excitement leading up to Cionbase's offering, it wasn't all glitter and gold for the digital coin in past few weeks.</p>\n<p>Not only did coinbase's initial public offering somewhat disappoint in the days following, but star investors had been growing increasingly vocal about their skepticism of the cryptocurrency.</p>\n<p>Hedgefund investor Ray Dalio of Bridgewater Associates told Yahoo News last month that he felt there was a “good probability” bitcoin could become outlawed in the U.S. He also questioned the privacy of the cryptocurrency's transactions. Then, last week, Guggenheim Partners’ Scott Minerd told CNBC that while he's bullish on bitcoin over the long-term, bitcoin is too \"frothy\" and could fall 50%.</p>\n<p>The lukewarm reception from stock investors over Coinbase's direct listing and \"a lot of fear and uncertainty\" spreading on social media didn't help bitcoin, suggested Ong, noting the recent headlines of crypto bans in India and Turkey.</p>\n<p>But aside from the technical and fundamental moves in crypto in the waning weeks of April -- much of what happened in the media was little more than hype and speculation, suggested Balter.</p>\n<p>\"I'd hate to go on record for ever saying Ray Dalio doesn't know what he's talking about,\" said Balter, who is also a partner with venture capital firm True Ventures. \"That said ... like any asset, there's always a great deal of speculation -- bitcoin is esteemed in that it presents both technical and financial implications, and thus magnifies that speculation immensely.\"</p>\n<p>And, that people like Dalio and Minerd are even talking about crypto so publicly on the record, shows how far the digital currency has come, noted Balter, also responding to a recent comment by value investor Bill Miller, who told CNBC this month that he sees bitcoin establishing itself in the \"mainstream.\"</p>\n<p>\"The fact that all three are going on record would indicate that bitcoin is likely entering the mainstream, so hat-tip to Mr. Miller,\" said Balter. \"The volatility of bitcoin has always been part of its allure, so cutting in half isn't out of the question.... Although, I don't think we'll ever see $10,000 levels again. As for Mr. Dalio, unfortunately the concept of outlawing an asset that is conceptually decentralized is pretty much out of the question, and bitcoin transactions are hardly private, so sorry Mr. Dalio, you are pretty off the mark.\"</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin: Boom, Bust and Big Opportunity?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin: Boom, Bust and Big Opportunity?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-26 08:26 GMT+8 <a href=https://www.thestreet.com/investing/bitcoin/thestreet-taps-two-crypto-experts-bobby-ong-of-coingecko-and-dave-balter-of-flipside-crypto-to-discuss-the-april-bloodbath-and-what-it-means-for-investors><strong>TheStreet</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>TheStreet taps two crypto experts, Bobby Ong of CoinGecko and Dave Balter of Flipside Crypto, to discuss the April 'bloodbath' and what it means for investors.\nDid the world just witness the bitcoin ...</p>\n\n<a href=\"https://www.thestreet.com/investing/bitcoin/thestreet-taps-two-crypto-experts-bobby-ong-of-coingecko-and-dave-balter-of-flipside-crypto-to-discuss-the-april-bloodbath-and-what-it-means-for-investors\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust","COIN":"Coinbase Global, Inc.","SQ":"Block","PYPL":"PayPal","TSLA":"特斯拉"},"source_url":"https://www.thestreet.com/investing/bitcoin/thestreet-taps-two-crypto-experts-bobby-ong-of-coingecko-and-dave-balter-of-flipside-crypto-to-discuss-the-april-bloodbath-and-what-it-means-for-investors","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1158968268","content_text":"TheStreet taps two crypto experts, Bobby Ong of CoinGecko and Dave Balter of Flipside Crypto, to discuss the April 'bloodbath' and what it means for investors.\nDid the world just witness the bitcoin bomb? Or, the chance for a bitcoin buy?\nThe famed cryptocurrency fell sharply over the past week, sinking from its mid-month high of over $64,000 to Sunday evening, when it fell under $48,000.\nBut the move may prove an opportunity for longer term investors.\n\"Bitcoin's volatility isn't a flaw, it's a gift -- especially for the up-and-coming investor class of millennials and Gen-Z,\" said Dave Balter, the chief executive of Flipside Crypto, which provides analytics and business intelligence to crypto organizations, in an email toTheStreet.\"The last month is a reflection of its natural cycles, but also of a maturing institutional speculation and futures market.\"\nAnd, said Balter, any good investor \"knows there's always money to be made with volatile assets.\"\nStill, the move startled some observers. Before the fall, bitcoin had been on a steady upswing, with many forecasting that it was not a question of if, but when, itwould hit $100,000. Just in the past quarter, the cryptocurrency scored several new highs and surpassed $64,000 on April 14. By that time it had also grown by over 1,000% from a year-ago, when on March 13, 2020, it crashed 40% intraday to $5,413, according to a new report by CoinGecko, one of the largest independent cryptocurrency data aggregators.\nThe past week's drop also came after several months of bullish buildup on crypto that dominated financial news headlines.\nTesla had said in March that it was holding bitcoin as an investment asset and would take it as a form of payment. Visa gotfurther into cryptoand Grayscale Investmentsrevealed it planned a bitcoin exchange-traded fund. And then there was the hysteria of Coinbase going public.\n\"There was already a massive amount of leverage in the market in anticipation of the Coinbase IPO,\" said Bobby Ong, CoinGecko's chief operating officer, toldTheStreetin an email. \"The excitement of having the first crypto company IPO also led bitcoin’s price to hit a new all-time high of $64,804.\"\nFurther exacerbating last week's selloff was its occurrence during the weekend when there were thinner order books, said Ong. \"With high leverage and thin order books, even a small decrease in price will trigger a sharp drawdown and cause a downward spiral in price.\"\nNow, the market needs to correct itself, because there were many over-leveraged traders, said Ong, adding that bitcoin options expire toward the end of every month, which usually causes increased volatility around that time.\nBitcoin Ban?\nDespite bitcoin's rise through mid-April and excitement leading up to Cionbase's offering, it wasn't all glitter and gold for the digital coin in past few weeks.\nNot only did coinbase's initial public offering somewhat disappoint in the days following, but star investors had been growing increasingly vocal about their skepticism of the cryptocurrency.\nHedgefund investor Ray Dalio of Bridgewater Associates told Yahoo News last month that he felt there was a “good probability” bitcoin could become outlawed in the U.S. He also questioned the privacy of the cryptocurrency's transactions. Then, last week, Guggenheim Partners’ Scott Minerd told CNBC that while he's bullish on bitcoin over the long-term, bitcoin is too \"frothy\" and could fall 50%.\nThe lukewarm reception from stock investors over Coinbase's direct listing and \"a lot of fear and uncertainty\" spreading on social media didn't help bitcoin, suggested Ong, noting the recent headlines of crypto bans in India and Turkey.\nBut aside from the technical and fundamental moves in crypto in the waning weeks of April -- much of what happened in the media was little more than hype and speculation, suggested Balter.\n\"I'd hate to go on record for ever saying Ray Dalio doesn't know what he's talking about,\" said Balter, who is also a partner with venture capital firm True Ventures. \"That said ... like any asset, there's always a great deal of speculation -- bitcoin is esteemed in that it presents both technical and financial implications, and thus magnifies that speculation immensely.\"\nAnd, that people like Dalio and Minerd are even talking about crypto so publicly on the record, shows how far the digital currency has come, noted Balter, also responding to a recent comment by value investor Bill Miller, who told CNBC this month that he sees bitcoin establishing itself in the \"mainstream.\"\n\"The fact that all three are going on record would indicate that bitcoin is likely entering the mainstream, so hat-tip to Mr. Miller,\" said Balter. \"The volatility of bitcoin has always been part of its allure, so cutting in half isn't out of the question.... Although, I don't think we'll ever see $10,000 levels again. As for Mr. Dalio, unfortunately the concept of outlawing an asset that is conceptually decentralized is pretty much out of the question, and bitcoin transactions are hardly private, so sorry Mr. Dalio, you are pretty off the mark.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":336,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}
