Bitcoin's Tumble, Explained

41
18
Favorite

Bitcoin's Tumble, Explained

thestreet2021-04-26

Bitcoin fell dramatically in late April, sinking from its mid-month high of around $64,000 to Sunday morning when it was hovering around $50,000. Here, we talk with Bobby Ong, CoinGecko's chief ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment（18）

Ansonline
·2021-04-26
Only invest what you can afford to loose in this speculative coin.
Reply
2
Report
Wanlin
·2021-04-26
Like and comment, thanks.
Reply
2
Report
Fold Replies
- Acella:
  ?
  2021-04-26
  Reply
  Report
Sallkwan
·2021-04-26
Adjustment
Reply
1
Report
Fold Replies
- Veon6620:
  Agree
  2021-05-01
  Reply
  Report
- Sallkwan:
  Agree
  2021-04-29
  Reply
  Report
- Veon6620:
  BiTcoin no horse run
  2021-04-29
  Reply
  Report
View more 1 comments
Marcus1993
·2021-04-26
Wow
Reply
Like
Report
TraderGw
·2021-04-26
Oh
Reply
Like
Report
AnthonyC
·2021-04-26
Please help to like and comment!
Reply
2
Report
Fold Replies
- Wanlin:
  Comment
  2021-04-26
  Reply
  Report
Ychwee
·2021-04-26
BTC to the moon!
Reply
Like
Report
Benben0201
·2021-04-26
Like
Reply
Like
Report
TwL
·2021-04-26
Even with this tumble I still see bullish in it. Agree?
Reply
Like
Report
WTurtle
·2021-04-26
Headwind
Reply
Like
Report
KLxx
·2021-04-26
Comment
Reply
1
Report
andrew123
·2021-04-26
Wondering with recent correction, is it good to acc for mid to long term as tgt by some btc price tgt 100k or begining of downtrend to some analyst 35k? Like n comment
Reply
1
Report
Fold Replies
- Alfred1007:
  can buy if you see potential in it, but be prepared to lose it.
  2021-04-26
  Reply
  Report
Veon6620
·2021-04-26
Bitcoin healthy correction only.
Reply
4
Report
Fold Replies
- Veon6620Replying toVeon6620:
  Higher
  2021-04-28
  Reply
  Report
- Veon6620:
  Bitcoin Now at 55k. Superb recovery
  2021-04-28
  Reply
  Report
- Sallkwan:
  Agree
  2021-04-26
  Reply
  Report
View more 1 comments
WoBuZhiDao
·2021-04-26
Comment and like please
Reply
2
Report
Fold Replies
- DericPiew:
  done
  2021-04-26
  Reply
  Report
- AS78Replying toDericPiew:
  Thanks ya
  2021-04-26
  Reply
  Report
- AS78:
  Done. Please like and comment back, thanks [开心] [龇牙]
  2021-04-26
  Reply
  Report
View more 1 comments
五指神獭
·2021-04-26
Insightful
Reply
1
Report
Kikiooi
·2021-04-26
Good adjustment
Reply
2
Report
Bbloh
·2021-04-26
[Facepalm]
Reply
1
Report
Boo2bear
·2021-04-26
Anyone buying here?
Reply
Like
Report
Fold Replies
- Boo2bear:
  Pls like my post. Thanks
  2021-04-26
  Reply
  Report
- Kikiooi:
  Not yet
  2021-04-26
  Reply
  Report

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/1112623830?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2021-04-26 09:18","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1112623830","market":"us","top_or_hot":-1,"title":"Bitcoin's Tumble, Explained","media":"thestreet","content":"<div>\nBitcoin fell dramatically in late April, sinking from its mid-month high of around $64,000 to Sunday morning when it was hovering around $50,000. Here, we talk with Bobby Ong, CoinGecko's chief ...\n\n<a href=\"https://www.thestreet.com/investing/bitcoin/bitcoins-tumble-explained\">Source Link</a>\n\n</div>\n","source":null,"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's Tumble, Explained</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's Tumble, Explained\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-26 09:18 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/investing/bitcoin/bitcoins-tumble-explained>thestreet</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nBitcoin fell dramatically in late April, sinking from its mid-month high of around $64,000 to Sunday morning when it was hovering around $50,000. Here, we talk with Bobby Ong, CoinGecko's chief ...\n\n<a href=\"https://www.thestreet.com/investing/bitcoin/bitcoins-tumble-explained\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://www.thestreet.com/investing/bitcoin/bitcoins-tumble-explained","article_id":"1112623830","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1112623830","pubTimestamp":1619399934,"columns":[],"sourceInfo":null,"weMediaInfo":null,"summary":"Bitcoin fell dramatically in late April, sinking from its mid-month high of around $64,000 to Sunday","collect":0,"end_time":0,"defaultTopTitle":"thestreet.com","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"比特币暴跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{},"content_text":"Bitcoin fell dramatically in late April, sinking from its mid-month high of around $64,000 to Sunday morning when it was hovering around $50,000. Here, we talk with Bobby Ong, CoinGecko's chief operating officer, about the move down. CoinGecko is one of the largest independent cryptocurrency data aggregators.\nThe following interview was conducted over email over last week as bitcoin had already begun its decline.\nTheStreet:Despite bitcoin's known volatility, it seems some people were caught off guard by the decline in bitcoin over the past week. Was that just par for the course -- normal volatility -- of something else?\nOng:The recent bloodbath on April 18 saw a record of approximately $9.77 billion worth of futures contracts liquidated in just 24 hours. There was already a massive amount of leverage in the market in anticipation of the Coinbase (COIN) -Get Report initial public offering. The excitement of having the first crypto company IPO also led bitcoin’s price to hit a new all-time high of $64,804.\nHowever, the direct listing of Coinbase also had a lukewarm reception from stock investors. More recently, there was a lot of fear and uncertainty spreading on social media due to various factors, including (rumors of) the U.S. Treasury taking legal action against certain financial institutions for money laundering, which turned out to be false information. Other than that, CNBC was recirculating news about the crypto ban in India, Turkey banning crypto payments, President Biden proposing a higher capital gains tax, and China bitcoin miners losing power.\nThe selloff happened during the weekend when there were thinner order books. 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.\nNaturally, the market also needs to correct itself, because there were many over-leveraged traders. It is also important to note that bitcoin options expire towards the end of every month, which usually causes increased volatility in the last week of each month.\nTheStreet:Do you see the decline as a chance for people to get into it at a cheaper price?\nOng:It depends on that person and their goals. The profiles of buyers today are very different before, when it was mostly libertarians. Today. it’s U.S. institutions, and soon it will be governments.\nIf the time horizon is more than five years, then there is no need to look at price movements each day. Have a long-term horizon, choose an exposure of your net worth that you are comfortable with, and hold for the long term. We are still in the early innings of bitcoin adoption, and we foresee tremendous growth potential in the years to come.\nTheStreet:What did you make of Coinbase's IPO and subsequent move downward?\nOng:Coinbase had a pretty decent performance with regards to direct listing performance in comparison to other companies. It was just the unusually high expectation from the crypto space with regards to its price.\nThere were also ongoing debates on how Coinbase should be valued, because it operates in a cyclical market and might face increased competition in the future.\nTheStreet:It seems you have two parallel views of bitcoin and other crypto that's not tethered to another currency: One, you have people who want to use it as a currency and for privacy. And, two, you have people who are solely looking at it as an investment. How does the latter affect the former? Can it rise to a point where it's only really useful for investment?\nOng:You are raising a good point here, because bitcoin was originally envisioned to be a peer-to-peer currency for everyone. However, since its inception, there have been various debates in regards to bitcoin’s role.\nI would say its purpose has now evolved to become a store of value and is becoming a viable alternative to replace gold. In fact, this appears to align with China’s stance, as it recently recognized that crypto assets are also an alternative form of investment. This is significant, because the Chinese government has always shunned crypto assets.\nMeanwhile, stablecoins such as USDT and USDC are seeing increased adoption as a form of payment currency.\nTheStreet:Is there anything you want to add?\nOng:Bitcoin’s correction is becoming more pronounced even though it is essential for sustained market growth. We are now experiencing 20%-30% drawdowns on an almost monthly basis. Although the overall macro trend remains bullish, we see an increase in the number of liquidations by traders who over-leverage themselves.\nIt is important to understand that while leverage opportunities like margin trading or futures offer the potential for more gains, the associated risk is also very high. Be sure that you have time, resources, and lots of knowledge before dabbling in leverages.\nI highly recommend that people set reasonable timeframes and financial goals that work for themselves and ensure that they do plenty of research.","kind":"news","is_publish_news":false,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":374987147,"gmtCreate":1619409698589,"gmtModify":1704723413495,"author":{"id":"3582265733545695","authorId":"3582265733545695","name":"Ansonline","avatar":"https://static.tigerbbs.com/d4a1577ad7f95fc8567a2bc1de3fc32a","vip":1,"crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3582265733545695","idStr":"3582265733545695"},"htmlText":"Only invest what you can afford to loose in this speculative coin.","listText":"Only invest what you can afford to loose in this speculative coin.","text":"Only invest what you can afford to loose in this speculative coin.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/374987147","repostId":1112623830,"repostType":4,"repost":{"id":"1112623830","kind":"news","pubTimestamp":1619399934,"share":"https://ttm.financial/m/news/1112623830?lang=&edition=fundamental","pubTime":"2021-04-26 09:18","market":"us","language":"en","title":"Bitcoin's Tumble, Explained","url":"https://stock-news.laohu8.com/highlight/detail?id=1112623830","media":"thestreet","summary":"Bitcoin fell dramatically in late April, sinking from its mid-month high of around $64,000 to Sunday","content":"Bitcoin fell dramatically in late April, sinking from its mid-month high of around $64,000 to Sunday morning when it was hovering around $50,000. Here, we talk with&nbsp;Bobby Ong, CoinGecko's chief operating officer, about the move down. CoinGecko is one of the&nbsp;largest independent cryptocurrency data aggregators.\nThe following interview was conducted over email over last week as bitcoin had already begun its decline.\nTheStreet:Despite bitcoin's known volatility, it seems some people were caught off guard by the decline in bitcoin over the past week. Was that just par for the course -- normal volatility -- of something else?\nOng:The recent bloodbath on April 18 saw a record of approximately $9.77 billion worth of futures contracts liquidated in just 24 hours. There was already a massive amount of leverage in the market in anticipation of the Coinbase&nbsp;(COIN) -Get Report&nbsp;initial public offering. The excitement of having the first crypto company IPO also led bitcoin’s price to hit a new all-time high of $64,804.\nHowever, the direct listing of Coinbase also had a lukewarm reception from stock investors. More recently, there was a lot of fear and uncertainty spreading on social media due to various factors, including (rumors of)&nbsp;the U.S. Treasury taking legal action against certain financial institutions for money laundering, which turned out to be false information. Other than that, CNBC was recirculating news about the crypto ban in India, Turkey banning crypto payments, President Biden proposing a higher capital gains tax, and China bitcoin miners losing power.\nThe selloff happened during the weekend when there were thinner order books. 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.\nNaturally, the market also needs to correct itself, because there were many over-leveraged traders. It is also important to note that bitcoin options expire towards the end of every month, which usually causes increased volatility in the last week of each month.\nTheStreet:Do you see the decline as a chance for people to get into it at a cheaper price?\nOng:It depends on that person and their goals. The profiles of buyers today are very different before, when it was mostly libertarians. Today. it’s U.S. institutions, and soon it will be governments.\nIf the time horizon is more than five years, then there is no need to look at price movements each day. Have a long-term horizon, choose an exposure of your net worth that you are comfortable with, and hold for the long term. We are still in the early innings of bitcoin adoption, and we foresee tremendous growth potential in the years to come.\nTheStreet:What did you make of Coinbase's IPO and subsequent move downward?\nOng:Coinbase had a pretty decent performance with regards to direct listing performance in comparison to other companies. It was just the unusually high expectation from the crypto space with regards to its price.\nThere were also ongoing debates on how Coinbase should be valued, because it operates in a cyclical market and might face increased competition in the future.\nTheStreet:It seems you have two parallel views of bitcoin and other crypto that's not tethered to another currency: One, you have people who want to use it as a currency and for privacy. And, two, you have people who are solely looking at it as an investment. How does the latter affect the former? Can it rise to a point where it's only really useful for investment?\nOng:You are raising a good point here, because bitcoin was originally envisioned to be a peer-to-peer currency for everyone. However, since its inception, there have been various debates in regards to bitcoin’s role.\nI would say its purpose has now evolved to become a store of value and is becoming a viable alternative to replace gold. In fact, this appears to align with China’s stance, as it recently recognized that crypto assets are also an alternative form of investment. This is significant, because the Chinese government has always shunned crypto assets.\nMeanwhile, stablecoins such as USDT and USDC are seeing increased adoption as a form of payment currency.\nTheStreet:Is there anything you want to add?\nOng:Bitcoin’s correction is becoming more pronounced even though it is essential for sustained market growth. We are now experiencing 20%-30% drawdowns on an almost monthly basis. Although the overall macro trend remains bullish, we see an increase in the number of liquidations by traders who over-leverage themselves.\nIt is important to understand that while leverage opportunities like margin trading or futures offer the potential for more gains, the associated risk is also very high. Be sure that you have time, resources, and lots of knowledge before dabbling in leverages.\nI highly recommend that people set reasonable timeframes and financial goals that work for themselves and ensure that they do plenty of research.","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's Tumble, Explained</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's Tumble, Explained\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-26 09:18 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/investing/bitcoin/bitcoins-tumble-explained>thestreet</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nBitcoin fell dramatically in late April, sinking from its mid-month high of around $64,000 to Sunday morning when it was hovering around $50,000. Here, we talk with Bobby Ong, CoinGecko's chief ...\n\n<a href=\"https://www.thestreet.com/investing/bitcoin/bitcoins-tumble-explained\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.thestreet.com/investing/bitcoin/bitcoins-tumble-explained","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1112623830","content_text":"Bitcoin fell dramatically in late April, sinking from its mid-month high of around $64,000 to Sunday morning when it was hovering around $50,000. Here, we talk with Bobby Ong, CoinGecko's chief operating officer, about the move down. CoinGecko is one of the largest independent cryptocurrency data aggregators.\nThe following interview was conducted over email over last week as bitcoin had already begun its decline.\nTheStreet:Despite bitcoin's known volatility, it seems some people were caught off guard by the decline in bitcoin over the past week. Was that just par for the course -- normal volatility -- of something else?\nOng:The recent bloodbath on April 18 saw a record of approximately $9.77 billion worth of futures contracts liquidated in just 24 hours. There was already a massive amount of leverage in the market in anticipation of the Coinbase (COIN) -Get Report initial public offering. The excitement of having the first crypto company IPO also led bitcoin’s price to hit a new all-time high of $64,804.\nHowever, the direct listing of Coinbase also had a lukewarm reception from stock investors. More recently, there was a lot of fear and uncertainty spreading on social media due to various factors, including (rumors of) the U.S. Treasury taking legal action against certain financial institutions for money laundering, which turned out to be false information. Other than that, CNBC was recirculating news about the crypto ban in India, Turkey banning crypto payments, President Biden proposing a higher capital gains tax, and China bitcoin miners losing power.\nThe selloff happened during the weekend when there were thinner order books. 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.\nNaturally, the market also needs to correct itself, because there were many over-leveraged traders. It is also important to note that bitcoin options expire towards the end of every month, which usually causes increased volatility in the last week of each month.\nTheStreet:Do you see the decline as a chance for people to get into it at a cheaper price?\nOng:It depends on that person and their goals. The profiles of buyers today are very different before, when it was mostly libertarians. Today. it’s U.S. institutions, and soon it will be governments.\nIf the time horizon is more than five years, then there is no need to look at price movements each day. Have a long-term horizon, choose an exposure of your net worth that you are comfortable with, and hold for the long term. We are still in the early innings of bitcoin adoption, and we foresee tremendous growth potential in the years to come.\nTheStreet:What did you make of Coinbase's IPO and subsequent move downward?\nOng:Coinbase had a pretty decent performance with regards to direct listing performance in comparison to other companies. It was just the unusually high expectation from the crypto space with regards to its price.\nThere were also ongoing debates on how Coinbase should be valued, because it operates in a cyclical market and might face increased competition in the future.\nTheStreet:It seems you have two parallel views of bitcoin and other crypto that's not tethered to another currency: One, you have people who want to use it as a currency and for privacy. And, two, you have people who are solely looking at it as an investment. How does the latter affect the former? Can it rise to a point where it's only really useful for investment?\nOng:You are raising a good point here, because bitcoin was originally envisioned to be a peer-to-peer currency for everyone. However, since its inception, there have been various debates in regards to bitcoin’s role.\nI would say its purpose has now evolved to become a store of value and is becoming a viable alternative to replace gold. In fact, this appears to align with China’s stance, as it recently recognized that crypto assets are also an alternative form of investment. This is significant, because the Chinese government has always shunned crypto assets.\nMeanwhile, stablecoins such as USDT and USDC are seeing increased adoption as a form of payment currency.\nTheStreet:Is there anything you want to add?\nOng:Bitcoin’s correction is becoming more pronounced even though it is essential for sustained market growth. We are now experiencing 20%-30% drawdowns on an almost monthly basis. Although the overall macro trend remains bullish, we see an increase in the number of liquidations by traders who over-leverage themselves.\nIt is important to understand that while leverage opportunities like margin trading or futures offer the potential for more gains, the associated risk is also very high. Be sure that you have time, resources, and lots of knowledge before dabbling in leverages.\nI highly recommend that people set reasonable timeframes and financial goals that work for themselves and ensure that they do plenty of research.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":374014578,"gmtCreate":1619401755294,"gmtModify":1704723260253,"author":{"id":"3547347450599561","authorId":"3547347450599561","name":"Wanlin","avatar":"https://static.tigerbbs.com/65fdefa6dcf29500b8aa3b61f1f5d7e0","vip":1,"crmLevel":4,"crmLevelSwitch":0,"authorIdStr":"3547347450599561","idStr":"3547347450599561"},"htmlText":"Like and comment, thanks.","listText":"Like and comment, thanks.","text":"Like and comment, thanks.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/374014578","repostId":1112623830,"repostType":4,"repost":{"id":"1112623830","kind":"news","pubTimestamp":1619399934,"share":"https://ttm.financial/m/news/1112623830?lang=&edition=fundamental","pubTime":"2021-04-26 09:18","market":"us","language":"en","title":"Bitcoin's Tumble, Explained","url":"https://stock-news.laohu8.com/highlight/detail?id=1112623830","media":"thestreet","summary":"Bitcoin fell dramatically in late April, sinking from its mid-month high of around $64,000 to Sunday","content":"Bitcoin fell dramatically in late April, sinking from its mid-month high of around $64,000 to Sunday morning when it was hovering around $50,000. Here, we talk with&nbsp;Bobby Ong, CoinGecko's chief operating officer, about the move down. CoinGecko is one of the&nbsp;largest independent cryptocurrency data aggregators.\nThe following interview was conducted over email over last week as bitcoin had already begun its decline.\nTheStreet:Despite bitcoin's known volatility, it seems some people were caught off guard by the decline in bitcoin over the past week. Was that just par for the course -- normal volatility -- of something else?\nOng:The recent bloodbath on April 18 saw a record of approximately $9.77 billion worth of futures contracts liquidated in just 24 hours. There was already a massive amount of leverage in the market in anticipation of the Coinbase&nbsp;(COIN) -Get Report&nbsp;initial public offering. The excitement of having the first crypto company IPO also led bitcoin’s price to hit a new all-time high of $64,804.\nHowever, the direct listing of Coinbase also had a lukewarm reception from stock investors. More recently, there was a lot of fear and uncertainty spreading on social media due to various factors, including (rumors of)&nbsp;the U.S. Treasury taking legal action against certain financial institutions for money laundering, which turned out to be false information. Other than that, CNBC was recirculating news about the crypto ban in India, Turkey banning crypto payments, President Biden proposing a higher capital gains tax, and China bitcoin miners losing power.\nThe selloff happened during the weekend when there were thinner order books. 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.\nNaturally, the market also needs to correct itself, because there were many over-leveraged traders. It is also important to note that bitcoin options expire towards the end of every month, which usually causes increased volatility in the last week of each month.\nTheStreet:Do you see the decline as a chance for people to get into it at a cheaper price?\nOng:It depends on that person and their goals. The profiles of buyers today are very different before, when it was mostly libertarians. Today. it’s U.S. institutions, and soon it will be governments.\nIf the time horizon is more than five years, then there is no need to look at price movements each day. Have a long-term horizon, choose an exposure of your net worth that you are comfortable with, and hold for the long term. We are still in the early innings of bitcoin adoption, and we foresee tremendous growth potential in the years to come.\nTheStreet:What did you make of Coinbase's IPO and subsequent move downward?\nOng:Coinbase had a pretty decent performance with regards to direct listing performance in comparison to other companies. It was just the unusually high expectation from the crypto space with regards to its price.\nThere were also ongoing debates on how Coinbase should be valued, because it operates in a cyclical market and might face increased competition in the future.\nTheStreet:It seems you have two parallel views of bitcoin and other crypto that's not tethered to another currency: One, you have people who want to use it as a currency and for privacy. And, two, you have people who are solely looking at it as an investment. How does the latter affect the former? Can it rise to a point where it's only really useful for investment?\nOng:You are raising a good point here, because bitcoin was originally envisioned to be a peer-to-peer currency for everyone. However, since its inception, there have been various debates in regards to bitcoin’s role.\nI would say its purpose has now evolved to become a store of value and is becoming a viable alternative to replace gold. In fact, this appears to align with China’s stance, as it recently recognized that crypto assets are also an alternative form of investment. This is significant, because the Chinese government has always shunned crypto assets.\nMeanwhile, stablecoins such as USDT and USDC are seeing increased adoption as a form of payment currency.\nTheStreet:Is there anything you want to add?\nOng:Bitcoin’s correction is becoming more pronounced even though it is essential for sustained market growth. We are now experiencing 20%-30% drawdowns on an almost monthly basis. Although the overall macro trend remains bullish, we see an increase in the number of liquidations by traders who over-leverage themselves.\nIt is important to understand that while leverage opportunities like margin trading or futures offer the potential for more gains, the associated risk is also very high. Be sure that you have time, resources, and lots of knowledge before dabbling in leverages.\nI highly recommend that people set reasonable timeframes and financial goals that work for themselves and ensure that they do plenty of research.","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's Tumble, Explained</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's Tumble, Explained\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-26 09:18 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/investing/bitcoin/bitcoins-tumble-explained>thestreet</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nBitcoin fell dramatically in late April, sinking from its mid-month high of around $64,000 to Sunday morning when it was hovering around $50,000. Here, we talk with Bobby Ong, CoinGecko's chief ...\n\n<a href=\"https://www.thestreet.com/investing/bitcoin/bitcoins-tumble-explained\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.thestreet.com/investing/bitcoin/bitcoins-tumble-explained","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1112623830","content_text":"Bitcoin fell dramatically in late April, sinking from its mid-month high of around $64,000 to Sunday morning when it was hovering around $50,000. Here, we talk with Bobby Ong, CoinGecko's chief operating officer, about the move down. CoinGecko is one of the largest independent cryptocurrency data aggregators.\nThe following interview was conducted over email over last week as bitcoin had already begun its decline.\nTheStreet:Despite bitcoin's known volatility, it seems some people were caught off guard by the decline in bitcoin over the past week. Was that just par for the course -- normal volatility -- of something else?\nOng:The recent bloodbath on April 18 saw a record of approximately $9.77 billion worth of futures contracts liquidated in just 24 hours. There was already a massive amount of leverage in the market in anticipation of the Coinbase (COIN) -Get Report initial public offering. The excitement of having the first crypto company IPO also led bitcoin’s price to hit a new all-time high of $64,804.\nHowever, the direct listing of Coinbase also had a lukewarm reception from stock investors. More recently, there was a lot of fear and uncertainty spreading on social media due to various factors, including (rumors of) the U.S. Treasury taking legal action against certain financial institutions for money laundering, which turned out to be false information. Other than that, CNBC was recirculating news about the crypto ban in India, Turkey banning crypto payments, President Biden proposing a higher capital gains tax, and China bitcoin miners losing power.\nThe selloff happened during the weekend when there were thinner order books. 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.\nNaturally, the market also needs to correct itself, because there were many over-leveraged traders. It is also important to note that bitcoin options expire towards the end of every month, which usually causes increased volatility in the last week of each month.\nTheStreet:Do you see the decline as a chance for people to get into it at a cheaper price?\nOng:It depends on that person and their goals. The profiles of buyers today are very different before, when it was mostly libertarians. Today. it’s U.S. institutions, and soon it will be governments.\nIf the time horizon is more than five years, then there is no need to look at price movements each day. Have a long-term horizon, choose an exposure of your net worth that you are comfortable with, and hold for the long term. We are still in the early innings of bitcoin adoption, and we foresee tremendous growth potential in the years to come.\nTheStreet:What did you make of Coinbase's IPO and subsequent move downward?\nOng:Coinbase had a pretty decent performance with regards to direct listing performance in comparison to other companies. It was just the unusually high expectation from the crypto space with regards to its price.\nThere were also ongoing debates on how Coinbase should be valued, because it operates in a cyclical market and might face increased competition in the future.\nTheStreet:It seems you have two parallel views of bitcoin and other crypto that's not tethered to another currency: One, you have people who want to use it as a currency and for privacy. And, two, you have people who are solely looking at it as an investment. How does the latter affect the former? Can it rise to a point where it's only really useful for investment?\nOng:You are raising a good point here, because bitcoin was originally envisioned to be a peer-to-peer currency for everyone. However, since its inception, there have been various debates in regards to bitcoin’s role.\nI would say its purpose has now evolved to become a store of value and is becoming a viable alternative to replace gold. In fact, this appears to align with China’s stance, as it recently recognized that crypto assets are also an alternative form of investment. This is significant, because the Chinese government has always shunned crypto assets.\nMeanwhile, stablecoins such as USDT and USDC are seeing increased adoption as a form of payment currency.\nTheStreet:Is there anything you want to add?\nOng:Bitcoin’s correction is becoming more pronounced even though it is essential for sustained market growth. We are now experiencing 20%-30% drawdowns on an almost monthly basis. Although the overall macro trend remains bullish, we see an increase in the number of liquidations by traders who over-leverage themselves.\nIt is important to understand that while leverage opportunities like margin trading or futures offer the potential for more gains, the associated risk is also very high. Be sure that you have time, resources, and lots of knowledge before dabbling in leverages.\nI highly recommend that people set reasonable timeframes and financial goals that work for themselves and ensure that they do plenty of research.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4134117,"gmtCreate":1619402605263,"gmtModify":1680785600839,"authorId":3563150446821026,"author":{"id":3563150446821026,"idStr":"3563150446821026","authorId":3563150446821026,"name":"Acella","avatar":"https://static.tigerbbs.com/2712c4bb0bfbec4d2773e012189db3bc","vip":1,"crmLevel":9,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":374014578,"type":1,"supId":0,"prevId":0,"content":"?","text":"?","html":"?"}],"langContent":"EN"},{"id":374011574,"gmtCreate":1619401419398,"gmtModify":1704723255571,"author":{"id":"3581550090206949","authorId":"3581550090206949","name":"Sallkwan","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3581550090206949","idStr":"3581550090206949"},"htmlText":"Adjustment&nbsp;","listText":"Adjustment&nbsp;","text":"Adjustment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/374011574","repostId":1112623830,"repostType":4,"repost":{"id":"1112623830","kind":"news","pubTimestamp":1619399934,"share":"https://ttm.financial/m/news/1112623830?lang=&edition=fundamental","pubTime":"2021-04-26 09:18","market":"us","language":"en","title":"Bitcoin's Tumble, Explained","url":"https://stock-news.laohu8.com/highlight/detail?id=1112623830","media":"thestreet","summary":"Bitcoin fell dramatically in late April, sinking from its mid-month high of around $64,000 to Sunday","content":"Bitcoin fell dramatically in late April, sinking from its mid-month high of around $64,000 to Sunday morning when it was hovering around $50,000. Here, we talk with&nbsp;Bobby Ong, CoinGecko's chief operating officer, about the move down. CoinGecko is one of the&nbsp;largest independent cryptocurrency data aggregators.\nThe following interview was conducted over email over last week as bitcoin had already begun its decline.\nTheStreet:Despite bitcoin's known volatility, it seems some people were caught off guard by the decline in bitcoin over the past week. Was that just par for the course -- normal volatility -- of something else?\nOng:The recent bloodbath on April 18 saw a record of approximately $9.77 billion worth of futures contracts liquidated in just 24 hours. There was already a massive amount of leverage in the market in anticipation of the Coinbase&nbsp;(COIN) -Get Report&nbsp;initial public offering. The excitement of having the first crypto company IPO also led bitcoin’s price to hit a new all-time high of $64,804.\nHowever, the direct listing of Coinbase also had a lukewarm reception from stock investors. More recently, there was a lot of fear and uncertainty spreading on social media due to various factors, including (rumors of)&nbsp;the U.S. Treasury taking legal action against certain financial institutions for money laundering, which turned out to be false information. Other than that, CNBC was recirculating news about the crypto ban in India, Turkey banning crypto payments, President Biden proposing a higher capital gains tax, and China bitcoin miners losing power.\nThe selloff happened during the weekend when there were thinner order books. 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.\nNaturally, the market also needs to correct itself, because there were many over-leveraged traders. It is also important to note that bitcoin options expire towards the end of every month, which usually causes increased volatility in the last week of each month.\nTheStreet:Do you see the decline as a chance for people to get into it at a cheaper price?\nOng:It depends on that person and their goals. The profiles of buyers today are very different before, when it was mostly libertarians. Today. it’s U.S. institutions, and soon it will be governments.\nIf the time horizon is more than five years, then there is no need to look at price movements each day. Have a long-term horizon, choose an exposure of your net worth that you are comfortable with, and hold for the long term. We are still in the early innings of bitcoin adoption, and we foresee tremendous growth potential in the years to come.\nTheStreet:What did you make of Coinbase's IPO and subsequent move downward?\nOng:Coinbase had a pretty decent performance with regards to direct listing performance in comparison to other companies. It was just the unusually high expectation from the crypto space with regards to its price.\nThere were also ongoing debates on how Coinbase should be valued, because it operates in a cyclical market and might face increased competition in the future.\nTheStreet:It seems you have two parallel views of bitcoin and other crypto that's not tethered to another currency: One, you have people who want to use it as a currency and for privacy. And, two, you have people who are solely looking at it as an investment. How does the latter affect the former? Can it rise to a point where it's only really useful for investment?\nOng:You are raising a good point here, because bitcoin was originally envisioned to be a peer-to-peer currency for everyone. However, since its inception, there have been various debates in regards to bitcoin’s role.\nI would say its purpose has now evolved to become a store of value and is becoming a viable alternative to replace gold. In fact, this appears to align with China’s stance, as it recently recognized that crypto assets are also an alternative form of investment. This is significant, because the Chinese government has always shunned crypto assets.\nMeanwhile, stablecoins such as USDT and USDC are seeing increased adoption as a form of payment currency.\nTheStreet:Is there anything you want to add?\nOng:Bitcoin’s correction is becoming more pronounced even though it is essential for sustained market growth. We are now experiencing 20%-30% drawdowns on an almost monthly basis. Although the overall macro trend remains bullish, we see an increase in the number of liquidations by traders who over-leverage themselves.\nIt is important to understand that while leverage opportunities like margin trading or futures offer the potential for more gains, the associated risk is also very high. Be sure that you have time, resources, and lots of knowledge before dabbling in leverages.\nI highly recommend that people set reasonable timeframes and financial goals that work for themselves and ensure that they do plenty of research.","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's Tumble, Explained</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's Tumble, Explained\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-26 09:18 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/investing/bitcoin/bitcoins-tumble-explained>thestreet</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nBitcoin fell dramatically in late April, sinking from its mid-month high of around $64,000 to Sunday morning when it was hovering around $50,000. Here, we talk with Bobby Ong, CoinGecko's chief ...\n\n<a href=\"https://www.thestreet.com/investing/bitcoin/bitcoins-tumble-explained\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.thestreet.com/investing/bitcoin/bitcoins-tumble-explained","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1112623830","content_text":"Bitcoin fell dramatically in late April, sinking from its mid-month high of around $64,000 to Sunday morning when it was hovering around $50,000. Here, we talk with Bobby Ong, CoinGecko's chief operating officer, about the move down. CoinGecko is one of the largest independent cryptocurrency data aggregators.\nThe following interview was conducted over email over last week as bitcoin had already begun its decline.\nTheStreet:Despite bitcoin's known volatility, it seems some people were caught off guard by the decline in bitcoin over the past week. Was that just par for the course -- normal volatility -- of something else?\nOng:The recent bloodbath on April 18 saw a record of approximately $9.77 billion worth of futures contracts liquidated in just 24 hours. There was already a massive amount of leverage in the market in anticipation of the Coinbase (COIN) -Get Report initial public offering. The excitement of having the first crypto company IPO also led bitcoin’s price to hit a new all-time high of $64,804.\nHowever, the direct listing of Coinbase also had a lukewarm reception from stock investors. More recently, there was a lot of fear and uncertainty spreading on social media due to various factors, including (rumors of) the U.S. Treasury taking legal action against certain financial institutions for money laundering, which turned out to be false information. Other than that, CNBC was recirculating news about the crypto ban in India, Turkey banning crypto payments, President Biden proposing a higher capital gains tax, and China bitcoin miners losing power.\nThe selloff happened during the weekend when there were thinner order books. 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.\nNaturally, the market also needs to correct itself, because there were many over-leveraged traders. It is also important to note that bitcoin options expire towards the end of every month, which usually causes increased volatility in the last week of each month.\nTheStreet:Do you see the decline as a chance for people to get into it at a cheaper price?\nOng:It depends on that person and their goals. The profiles of buyers today are very different before, when it was mostly libertarians. Today. it’s U.S. institutions, and soon it will be governments.\nIf the time horizon is more than five years, then there is no need to look at price movements each day. Have a long-term horizon, choose an exposure of your net worth that you are comfortable with, and hold for the long term. We are still in the early innings of bitcoin adoption, and we foresee tremendous growth potential in the years to come.\nTheStreet:What did you make of Coinbase's IPO and subsequent move downward?\nOng:Coinbase had a pretty decent performance with regards to direct listing performance in comparison to other companies. It was just the unusually high expectation from the crypto space with regards to its price.\nThere were also ongoing debates on how Coinbase should be valued, because it operates in a cyclical market and might face increased competition in the future.\nTheStreet:It seems you have two parallel views of bitcoin and other crypto that's not tethered to another currency: One, you have people who want to use it as a currency and for privacy. And, two, you have people who are solely looking at it as an investment. How does the latter affect the former? Can it rise to a point where it's only really useful for investment?\nOng:You are raising a good point here, because bitcoin was originally envisioned to be a peer-to-peer currency for everyone. However, since its inception, there have been various debates in regards to bitcoin’s role.\nI would say its purpose has now evolved to become a store of value and is becoming a viable alternative to replace gold. In fact, this appears to align with China’s stance, as it recently recognized that crypto assets are also an alternative form of investment. This is significant, because the Chinese government has always shunned crypto assets.\nMeanwhile, stablecoins such as USDT and USDC are seeing increased adoption as a form of payment currency.\nTheStreet:Is there anything you want to add?\nOng:Bitcoin’s correction is becoming more pronounced even though it is essential for sustained market growth. We are now experiencing 20%-30% drawdowns on an almost monthly basis. Although the overall macro trend remains bullish, we see an increase in the number of liquidations by traders who over-leverage themselves.\nIt is important to understand that while leverage opportunities like margin trading or futures offer the potential for more gains, the associated risk is also very high. Be sure that you have time, resources, and lots of knowledge before dabbling in leverages.\nI highly recommend that people set reasonable timeframes and financial goals that work for themselves and ensure that they do plenty of research.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4188231,"gmtCreate":1619834915572,"gmtModify":1680786451875,"authorId":3581547615722192,"author":{"id":3581547615722192,"idStr":"3581547615722192","authorId":3581547615722192,"name":"Veon6620","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":374011574,"type":1,"supId":4146737,"prevId":0,"content":"Agree","text":"Agree","html":"Agree"},{"id":4168398,"gmtCreate":1619669141667,"gmtModify":1680786137423,"authorId":3581550090206949,"author":{"id":3581550090206949,"idStr":"3581550090206949","authorId":3581550090206949,"name":"Sallkwan","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":374011574,"type":1,"supId":4146737,"prevId":0,"content":"Agree ","text":"Agree ","html":"Agree "},{"id":4168384,"gmtCreate":1619669074045,"gmtModify":1680786135006,"authorId":3581547615722192,"author":{"id":3581547615722192,"idStr":"3581547615722192","authorId":3581547615722192,"name":"Veon6620","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":374011574,"type":1,"supId":0,"prevId":0,"content":"BiTcoin no horse run ","text":"BiTcoin no horse run ","html":"BiTcoin no horse run "},{"id":4146737,"gmtCreate":1619498474239,"gmtModify":1680785804227,"authorId":3581547615722192,"author":{"id":3581547615722192,"idStr":"3581547615722192","authorId":3581547615722192,"name":"Veon6620","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":374011574,"type":1,"supId":0,"prevId":0,"content":"Agree","text":"Agree","html":"Agree"}],"langContent":"EN"},{"id":374019834,"gmtCreate":1619401335528,"gmtModify":1704723249423,"author":{"id":"3575673928225023","authorId":"3575673928225023","name":"Marcus1993","avatar":"https://static.tigerbbs.com/0b835437b2dfaf620c28adecbcb202d6","vip":1,"crmLevel":9,"crmLevelSwitch":0,"authorIdStr":"3575673928225023","idStr":"3575673928225023"},"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/374019834","repostId":1112623830,"repostType":4,"repost":{"id":"1112623830","kind":"news","pubTimestamp":1619399934,"share":"https://ttm.financial/m/news/1112623830?lang=&edition=fundamental","pubTime":"2021-04-26 09:18","market":"us","language":"en","title":"Bitcoin's Tumble, Explained","url":"https://stock-news.laohu8.com/highlight/detail?id=1112623830","media":"thestreet","summary":"Bitcoin fell dramatically in late April, sinking from its mid-month high of around $64,000 to Sunday","content":"Bitcoin fell dramatically in late April, sinking from its mid-month high of around $64,000 to Sunday morning when it was hovering around $50,000. Here, we talk with&nbsp;Bobby Ong, CoinGecko's chief operating officer, about the move down. CoinGecko is one of the&nbsp;largest independent cryptocurrency data aggregators.\nThe following interview was conducted over email over last week as bitcoin had already begun its decline.\nTheStreet:Despite bitcoin's known volatility, it seems some people were caught off guard by the decline in bitcoin over the past week. Was that just par for the course -- normal volatility -- of something else?\nOng:The recent bloodbath on April 18 saw a record of approximately $9.77 billion worth of futures contracts liquidated in just 24 hours. There was already a massive amount of leverage in the market in anticipation of the Coinbase&nbsp;(COIN) -Get Report&nbsp;initial public offering. The excitement of having the first crypto company IPO also led bitcoin’s price to hit a new all-time high of $64,804.\nHowever, the direct listing of Coinbase also had a lukewarm reception from stock investors. More recently, there was a lot of fear and uncertainty spreading on social media due to various factors, including (rumors of)&nbsp;the U.S. Treasury taking legal action against certain financial institutions for money laundering, which turned out to be false information. Other than that, CNBC was recirculating news about the crypto ban in India, Turkey banning crypto payments, President Biden proposing a higher capital gains tax, and China bitcoin miners losing power.\nThe selloff happened during the weekend when there were thinner order books. 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.\nNaturally, the market also needs to correct itself, because there were many over-leveraged traders. It is also important to note that bitcoin options expire towards the end of every month, which usually causes increased volatility in the last week of each month.\nTheStreet:Do you see the decline as a chance for people to get into it at a cheaper price?\nOng:It depends on that person and their goals. The profiles of buyers today are very different before, when it was mostly libertarians. Today. it’s U.S. institutions, and soon it will be governments.\nIf the time horizon is more than five years, then there is no need to look at price movements each day. Have a long-term horizon, choose an exposure of your net worth that you are comfortable with, and hold for the long term. We are still in the early innings of bitcoin adoption, and we foresee tremendous growth potential in the years to come.\nTheStreet:What did you make of Coinbase's IPO and subsequent move downward?\nOng:Coinbase had a pretty decent performance with regards to direct listing performance in comparison to other companies. It was just the unusually high expectation from the crypto space with regards to its price.\nThere were also ongoing debates on how Coinbase should be valued, because it operates in a cyclical market and might face increased competition in the future.\nTheStreet:It seems you have two parallel views of bitcoin and other crypto that's not tethered to another currency: One, you have people who want to use it as a currency and for privacy. And, two, you have people who are solely looking at it as an investment. How does the latter affect the former? Can it rise to a point where it's only really useful for investment?\nOng:You are raising a good point here, because bitcoin was originally envisioned to be a peer-to-peer currency for everyone. However, since its inception, there have been various debates in regards to bitcoin’s role.\nI would say its purpose has now evolved to become a store of value and is becoming a viable alternative to replace gold. In fact, this appears to align with China’s stance, as it recently recognized that crypto assets are also an alternative form of investment. This is significant, because the Chinese government has always shunned crypto assets.\nMeanwhile, stablecoins such as USDT and USDC are seeing increased adoption as a form of payment currency.\nTheStreet:Is there anything you want to add?\nOng:Bitcoin’s correction is becoming more pronounced even though it is essential for sustained market growth. We are now experiencing 20%-30% drawdowns on an almost monthly basis. Although the overall macro trend remains bullish, we see an increase in the number of liquidations by traders who over-leverage themselves.\nIt is important to understand that while leverage opportunities like margin trading or futures offer the potential for more gains, the associated risk is also very high. Be sure that you have time, resources, and lots of knowledge before dabbling in leverages.\nI highly recommend that people set reasonable timeframes and financial goals that work for themselves and ensure that they do plenty of research.","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's Tumble, Explained</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's Tumble, Explained\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-26 09:18 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/investing/bitcoin/bitcoins-tumble-explained>thestreet</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nBitcoin fell dramatically in late April, sinking from its mid-month high of around $64,000 to Sunday morning when it was hovering around $50,000. Here, we talk with Bobby Ong, CoinGecko's chief ...\n\n<a href=\"https://www.thestreet.com/investing/bitcoin/bitcoins-tumble-explained\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.thestreet.com/investing/bitcoin/bitcoins-tumble-explained","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1112623830","content_text":"Bitcoin fell dramatically in late April, sinking from its mid-month high of around $64,000 to Sunday morning when it was hovering around $50,000. Here, we talk with Bobby Ong, CoinGecko's chief operating officer, about the move down. CoinGecko is one of the largest independent cryptocurrency data aggregators.\nThe following interview was conducted over email over last week as bitcoin had already begun its decline.\nTheStreet:Despite bitcoin's known volatility, it seems some people were caught off guard by the decline in bitcoin over the past week. Was that just par for the course -- normal volatility -- of something else?\nOng:The recent bloodbath on April 18 saw a record of approximately $9.77 billion worth of futures contracts liquidated in just 24 hours. There was already a massive amount of leverage in the market in anticipation of the Coinbase (COIN) -Get Report initial public offering. The excitement of having the first crypto company IPO also led bitcoin’s price to hit a new all-time high of $64,804.\nHowever, the direct listing of Coinbase also had a lukewarm reception from stock investors. More recently, there was a lot of fear and uncertainty spreading on social media due to various factors, including (rumors of) the U.S. Treasury taking legal action against certain financial institutions for money laundering, which turned out to be false information. Other than that, CNBC was recirculating news about the crypto ban in India, Turkey banning crypto payments, President Biden proposing a higher capital gains tax, and China bitcoin miners losing power.\nThe selloff happened during the weekend when there were thinner order books. 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.\nNaturally, the market also needs to correct itself, because there were many over-leveraged traders. It is also important to note that bitcoin options expire towards the end of every month, which usually causes increased volatility in the last week of each month.\nTheStreet:Do you see the decline as a chance for people to get into it at a cheaper price?\nOng:It depends on that person and their goals. The profiles of buyers today are very different before, when it was mostly libertarians. Today. it’s U.S. institutions, and soon it will be governments.\nIf the time horizon is more than five years, then there is no need to look at price movements each day. Have a long-term horizon, choose an exposure of your net worth that you are comfortable with, and hold for the long term. We are still in the early innings of bitcoin adoption, and we foresee tremendous growth potential in the years to come.\nTheStreet:What did you make of Coinbase's IPO and subsequent move downward?\nOng:Coinbase had a pretty decent performance with regards to direct listing performance in comparison to other companies. It was just the unusually high expectation from the crypto space with regards to its price.\nThere were also ongoing debates on how Coinbase should be valued, because it operates in a cyclical market and might face increased competition in the future.\nTheStreet:It seems you have two parallel views of bitcoin and other crypto that's not tethered to another currency: One, you have people who want to use it as a currency and for privacy. And, two, you have people who are solely looking at it as an investment. How does the latter affect the former? Can it rise to a point where it's only really useful for investment?\nOng:You are raising a good point here, because bitcoin was originally envisioned to be a peer-to-peer currency for everyone. However, since its inception, there have been various debates in regards to bitcoin’s role.\nI would say its purpose has now evolved to become a store of value and is becoming a viable alternative to replace gold. In fact, this appears to align with China’s stance, as it recently recognized that crypto assets are also an alternative form of investment. This is significant, because the Chinese government has always shunned crypto assets.\nMeanwhile, stablecoins such as USDT and USDC are seeing increased adoption as a form of payment currency.\nTheStreet:Is there anything you want to add?\nOng:Bitcoin’s correction is becoming more pronounced even though it is essential for sustained market growth. We are now experiencing 20%-30% drawdowns on an almost monthly basis. Although the overall macro trend remains bullish, we see an increase in the number of liquidations by traders who over-leverage themselves.\nIt is important to understand that while leverage opportunities like margin trading or futures offer the potential for more gains, the associated risk is also very high. Be sure that you have time, resources, and lots of knowledge before dabbling in leverages.\nI highly recommend that people set reasonable timeframes and financial goals that work for themselves and ensure that they do plenty of research.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":374032248,"gmtCreate":1619401090484,"gmtModify":1704723243269,"author":{"id":"3572398673005116","authorId":"3572398673005116","name":"TraderGw","avatar":"https://static.tigerbbs.com/aca8db80dc59388010d0fbbafecdeb6e","vip":1,"crmLevel":3,"crmLevelSwitch":0,"authorIdStr":"3572398673005116","idStr":"3572398673005116"},"htmlText":"Oh","listText":"Oh","text":"Oh","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/374032248","repostId":1112623830,"repostType":4,"repost":{"id":"1112623830","kind":"news","pubTimestamp":1619399934,"share":"https://ttm.financial/m/news/1112623830?lang=&edition=fundamental","pubTime":"2021-04-26 09:18","market":"us","language":"en","title":"Bitcoin's Tumble, Explained","url":"https://stock-news.laohu8.com/highlight/detail?id=1112623830","media":"thestreet","summary":"Bitcoin fell dramatically in late April, sinking from its mid-month high of around $64,000 to Sunday","content":"Bitcoin fell dramatically in late April, sinking from its mid-month high of around $64,000 to Sunday morning when it was hovering around $50,000. Here, we talk with&nbsp;Bobby Ong, CoinGecko's chief operating officer, about the move down. CoinGecko is one of the&nbsp;largest independent cryptocurrency data aggregators.\nThe following interview was conducted over email over last week as bitcoin had already begun its decline.\nTheStreet:Despite bitcoin's known volatility, it seems some people were caught off guard by the decline in bitcoin over the past week. Was that just par for the course -- normal volatility -- of something else?\nOng:The recent bloodbath on April 18 saw a record of approximately $9.77 billion worth of futures contracts liquidated in just 24 hours. There was already a massive amount of leverage in the market in anticipation of the Coinbase&nbsp;(COIN) -Get Report&nbsp;initial public offering. The excitement of having the first crypto company IPO also led bitcoin’s price to hit a new all-time high of $64,804.\nHowever, the direct listing of Coinbase also had a lukewarm reception from stock investors. More recently, there was a lot of fear and uncertainty spreading on social media due to various factors, including (rumors of)&nbsp;the U.S. Treasury taking legal action against certain financial institutions for money laundering, which turned out to be false information. Other than that, CNBC was recirculating news about the crypto ban in India, Turkey banning crypto payments, President Biden proposing a higher capital gains tax, and China bitcoin miners losing power.\nThe selloff happened during the weekend when there were thinner order books. 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.\nNaturally, the market also needs to correct itself, because there were many over-leveraged traders. It is also important to note that bitcoin options expire towards the end of every month, which usually causes increased volatility in the last week of each month.\nTheStreet:Do you see the decline as a chance for people to get into it at a cheaper price?\nOng:It depends on that person and their goals. The profiles of buyers today are very different before, when it was mostly libertarians. Today. it’s U.S. institutions, and soon it will be governments.\nIf the time horizon is more than five years, then there is no need to look at price movements each day. Have a long-term horizon, choose an exposure of your net worth that you are comfortable with, and hold for the long term. We are still in the early innings of bitcoin adoption, and we foresee tremendous growth potential in the years to come.\nTheStreet:What did you make of Coinbase's IPO and subsequent move downward?\nOng:Coinbase had a pretty decent performance with regards to direct listing performance in comparison to other companies. It was just the unusually high expectation from the crypto space with regards to its price.\nThere were also ongoing debates on how Coinbase should be valued, because it operates in a cyclical market and might face increased competition in the future.\nTheStreet:It seems you have two parallel views of bitcoin and other crypto that's not tethered to another currency: One, you have people who want to use it as a currency and for privacy. And, two, you have people who are solely looking at it as an investment. How does the latter affect the former? Can it rise to a point where it's only really useful for investment?\nOng:You are raising a good point here, because bitcoin was originally envisioned to be a peer-to-peer currency for everyone. However, since its inception, there have been various debates in regards to bitcoin’s role.\nI would say its purpose has now evolved to become a store of value and is becoming a viable alternative to replace gold. In fact, this appears to align with China’s stance, as it recently recognized that crypto assets are also an alternative form of investment. This is significant, because the Chinese government has always shunned crypto assets.\nMeanwhile, stablecoins such as USDT and USDC are seeing increased adoption as a form of payment currency.\nTheStreet:Is there anything you want to add?\nOng:Bitcoin’s correction is becoming more pronounced even though it is essential for sustained market growth. We are now experiencing 20%-30% drawdowns on an almost monthly basis. Although the overall macro trend remains bullish, we see an increase in the number of liquidations by traders who over-leverage themselves.\nIt is important to understand that while leverage opportunities like margin trading or futures offer the potential for more gains, the associated risk is also very high. Be sure that you have time, resources, and lots of knowledge before dabbling in leverages.\nI highly recommend that people set reasonable timeframes and financial goals that work for themselves and ensure that they do plenty of research.","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's Tumble, Explained</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's Tumble, Explained\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-26 09:18 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/investing/bitcoin/bitcoins-tumble-explained>thestreet</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nBitcoin fell dramatically in late April, sinking from its mid-month high of around $64,000 to Sunday morning when it was hovering around $50,000. Here, we talk with Bobby Ong, CoinGecko's chief ...\n\n<a href=\"https://www.thestreet.com/investing/bitcoin/bitcoins-tumble-explained\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.thestreet.com/investing/bitcoin/bitcoins-tumble-explained","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1112623830","content_text":"Bitcoin fell dramatically in late April, sinking from its mid-month high of around $64,000 to Sunday morning when it was hovering around $50,000. Here, we talk with Bobby Ong, CoinGecko's chief operating officer, about the move down. CoinGecko is one of the largest independent cryptocurrency data aggregators.\nThe following interview was conducted over email over last week as bitcoin had already begun its decline.\nTheStreet:Despite bitcoin's known volatility, it seems some people were caught off guard by the decline in bitcoin over the past week. Was that just par for the course -- normal volatility -- of something else?\nOng:The recent bloodbath on April 18 saw a record of approximately $9.77 billion worth of futures contracts liquidated in just 24 hours. There was already a massive amount of leverage in the market in anticipation of the Coinbase (COIN) -Get Report initial public offering. The excitement of having the first crypto company IPO also led bitcoin’s price to hit a new all-time high of $64,804.\nHowever, the direct listing of Coinbase also had a lukewarm reception from stock investors. More recently, there was a lot of fear and uncertainty spreading on social media due to various factors, including (rumors of) the U.S. Treasury taking legal action against certain financial institutions for money laundering, which turned out to be false information. Other than that, CNBC was recirculating news about the crypto ban in India, Turkey banning crypto payments, President Biden proposing a higher capital gains tax, and China bitcoin miners losing power.\nThe selloff happened during the weekend when there were thinner order books. 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.\nNaturally, the market also needs to correct itself, because there were many over-leveraged traders. It is also important to note that bitcoin options expire towards the end of every month, which usually causes increased volatility in the last week of each month.\nTheStreet:Do you see the decline as a chance for people to get into it at a cheaper price?\nOng:It depends on that person and their goals. The profiles of buyers today are very different before, when it was mostly libertarians. Today. it’s U.S. institutions, and soon it will be governments.\nIf the time horizon is more than five years, then there is no need to look at price movements each day. Have a long-term horizon, choose an exposure of your net worth that you are comfortable with, and hold for the long term. We are still in the early innings of bitcoin adoption, and we foresee tremendous growth potential in the years to come.\nTheStreet:What did you make of Coinbase's IPO and subsequent move downward?\nOng:Coinbase had a pretty decent performance with regards to direct listing performance in comparison to other companies. It was just the unusually high expectation from the crypto space with regards to its price.\nThere were also ongoing debates on how Coinbase should be valued, because it operates in a cyclical market and might face increased competition in the future.\nTheStreet:It seems you have two parallel views of bitcoin and other crypto that's not tethered to another currency: One, you have people who want to use it as a currency and for privacy. And, two, you have people who are solely looking at it as an investment. How does the latter affect the former? Can it rise to a point where it's only really useful for investment?\nOng:You are raising a good point here, because bitcoin was originally envisioned to be a peer-to-peer currency for everyone. However, since its inception, there have been various debates in regards to bitcoin’s role.\nI would say its purpose has now evolved to become a store of value and is becoming a viable alternative to replace gold. In fact, this appears to align with China’s stance, as it recently recognized that crypto assets are also an alternative form of investment. This is significant, because the Chinese government has always shunned crypto assets.\nMeanwhile, stablecoins such as USDT and USDC are seeing increased adoption as a form of payment currency.\nTheStreet:Is there anything you want to add?\nOng:Bitcoin’s correction is becoming more pronounced even though it is essential for sustained market growth. We are now experiencing 20%-30% drawdowns on an almost monthly basis. Although the overall macro trend remains bullish, we see an increase in the number of liquidations by traders who over-leverage themselves.\nIt is important to understand that while leverage opportunities like margin trading or futures offer the potential for more gains, the associated risk is also very high. Be sure that you have time, resources, and lots of knowledge before dabbling in leverages.\nI highly recommend that people set reasonable timeframes and financial goals that work for themselves and ensure that they do plenty of research.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":374036050,"gmtCreate":1619401032570,"gmtModify":1704723240834,"author":{"id":"3571137160288122","authorId":"3571137160288122","name":"AnthonyC","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":3,"crmLevelSwitch":0,"authorIdStr":"3571137160288122","idStr":"3571137160288122"},"htmlText":"Please help to like and comment!","listText":"Please help to like and comment!","text":"Please help to like and comment!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/374036050","repostId":1112623830,"repostType":4,"repost":{"id":"1112623830","kind":"news","pubTimestamp":1619399934,"share":"https://ttm.financial/m/news/1112623830?lang=&edition=fundamental","pubTime":"2021-04-26 09:18","market":"us","language":"en","title":"Bitcoin's Tumble, Explained","url":"https://stock-news.laohu8.com/highlight/detail?id=1112623830","media":"thestreet","summary":"Bitcoin fell dramatically in late April, sinking from its mid-month high of around $64,000 to Sunday","content":"Bitcoin fell dramatically in late April, sinking from its mid-month high of around $64,000 to Sunday morning when it was hovering around $50,000. Here, we talk with&nbsp;Bobby Ong, CoinGecko's chief operating officer, about the move down. CoinGecko is one of the&nbsp;largest independent cryptocurrency data aggregators.\nThe following interview was conducted over email over last week as bitcoin had already begun its decline.\nTheStreet:Despite bitcoin's known volatility, it seems some people were caught off guard by the decline in bitcoin over the past week. Was that just par for the course -- normal volatility -- of something else?\nOng:The recent bloodbath on April 18 saw a record of approximately $9.77 billion worth of futures contracts liquidated in just 24 hours. There was already a massive amount of leverage in the market in anticipation of the Coinbase&nbsp;(COIN) -Get Report&nbsp;initial public offering. The excitement of having the first crypto company IPO also led bitcoin’s price to hit a new all-time high of $64,804.\nHowever, the direct listing of Coinbase also had a lukewarm reception from stock investors. More recently, there was a lot of fear and uncertainty spreading on social media due to various factors, including (rumors of)&nbsp;the U.S. Treasury taking legal action against certain financial institutions for money laundering, which turned out to be false information. Other than that, CNBC was recirculating news about the crypto ban in India, Turkey banning crypto payments, President Biden proposing a higher capital gains tax, and China bitcoin miners losing power.\nThe selloff happened during the weekend when there were thinner order books. 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.\nNaturally, the market also needs to correct itself, because there were many over-leveraged traders. It is also important to note that bitcoin options expire towards the end of every month, which usually causes increased volatility in the last week of each month.\nTheStreet:Do you see the decline as a chance for people to get into it at a cheaper price?\nOng:It depends on that person and their goals. The profiles of buyers today are very different before, when it was mostly libertarians. Today. it’s U.S. institutions, and soon it will be governments.\nIf the time horizon is more than five years, then there is no need to look at price movements each day. Have a long-term horizon, choose an exposure of your net worth that you are comfortable with, and hold for the long term. We are still in the early innings of bitcoin adoption, and we foresee tremendous growth potential in the years to come.\nTheStreet:What did you make of Coinbase's IPO and subsequent move downward?\nOng:Coinbase had a pretty decent performance with regards to direct listing performance in comparison to other companies. It was just the unusually high expectation from the crypto space with regards to its price.\nThere were also ongoing debates on how Coinbase should be valued, because it operates in a cyclical market and might face increased competition in the future.\nTheStreet:It seems you have two parallel views of bitcoin and other crypto that's not tethered to another currency: One, you have people who want to use it as a currency and for privacy. And, two, you have people who are solely looking at it as an investment. How does the latter affect the former? Can it rise to a point where it's only really useful for investment?\nOng:You are raising a good point here, because bitcoin was originally envisioned to be a peer-to-peer currency for everyone. However, since its inception, there have been various debates in regards to bitcoin’s role.\nI would say its purpose has now evolved to become a store of value and is becoming a viable alternative to replace gold. In fact, this appears to align with China’s stance, as it recently recognized that crypto assets are also an alternative form of investment. This is significant, because the Chinese government has always shunned crypto assets.\nMeanwhile, stablecoins such as USDT and USDC are seeing increased adoption as a form of payment currency.\nTheStreet:Is there anything you want to add?\nOng:Bitcoin’s correction is becoming more pronounced even though it is essential for sustained market growth. We are now experiencing 20%-30% drawdowns on an almost monthly basis. Although the overall macro trend remains bullish, we see an increase in the number of liquidations by traders who over-leverage themselves.\nIt is important to understand that while leverage opportunities like margin trading or futures offer the potential for more gains, the associated risk is also very high. Be sure that you have time, resources, and lots of knowledge before dabbling in leverages.\nI highly recommend that people set reasonable timeframes and financial goals that work for themselves and ensure that they do plenty of research.","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's Tumble, Explained</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's Tumble, Explained\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-26 09:18 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/investing/bitcoin/bitcoins-tumble-explained>thestreet</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nBitcoin fell dramatically in late April, sinking from its mid-month high of around $64,000 to Sunday morning when it was hovering around $50,000. Here, we talk with Bobby Ong, CoinGecko's chief ...\n\n<a href=\"https://www.thestreet.com/investing/bitcoin/bitcoins-tumble-explained\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.thestreet.com/investing/bitcoin/bitcoins-tumble-explained","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1112623830","content_text":"Bitcoin fell dramatically in late April, sinking from its mid-month high of around $64,000 to Sunday morning when it was hovering around $50,000. Here, we talk with Bobby Ong, CoinGecko's chief operating officer, about the move down. CoinGecko is one of the largest independent cryptocurrency data aggregators.\nThe following interview was conducted over email over last week as bitcoin had already begun its decline.\nTheStreet:Despite bitcoin's known volatility, it seems some people were caught off guard by the decline in bitcoin over the past week. Was that just par for the course -- normal volatility -- of something else?\nOng:The recent bloodbath on April 18 saw a record of approximately $9.77 billion worth of futures contracts liquidated in just 24 hours. There was already a massive amount of leverage in the market in anticipation of the Coinbase (COIN) -Get Report initial public offering. The excitement of having the first crypto company IPO also led bitcoin’s price to hit a new all-time high of $64,804.\nHowever, the direct listing of Coinbase also had a lukewarm reception from stock investors. More recently, there was a lot of fear and uncertainty spreading on social media due to various factors, including (rumors of) the U.S. Treasury taking legal action against certain financial institutions for money laundering, which turned out to be false information. Other than that, CNBC was recirculating news about the crypto ban in India, Turkey banning crypto payments, President Biden proposing a higher capital gains tax, and China bitcoin miners losing power.\nThe selloff happened during the weekend when there were thinner order books. 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.\nNaturally, the market also needs to correct itself, because there were many over-leveraged traders. It is also important to note that bitcoin options expire towards the end of every month, which usually causes increased volatility in the last week of each month.\nTheStreet:Do you see the decline as a chance for people to get into it at a cheaper price?\nOng:It depends on that person and their goals. The profiles of buyers today are very different before, when it was mostly libertarians. Today. it’s U.S. institutions, and soon it will be governments.\nIf the time horizon is more than five years, then there is no need to look at price movements each day. Have a long-term horizon, choose an exposure of your net worth that you are comfortable with, and hold for the long term. We are still in the early innings of bitcoin adoption, and we foresee tremendous growth potential in the years to come.\nTheStreet:What did you make of Coinbase's IPO and subsequent move downward?\nOng:Coinbase had a pretty decent performance with regards to direct listing performance in comparison to other companies. It was just the unusually high expectation from the crypto space with regards to its price.\nThere were also ongoing debates on how Coinbase should be valued, because it operates in a cyclical market and might face increased competition in the future.\nTheStreet:It seems you have two parallel views of bitcoin and other crypto that's not tethered to another currency: One, you have people who want to use it as a currency and for privacy. And, two, you have people who are solely looking at it as an investment. How does the latter affect the former? Can it rise to a point where it's only really useful for investment?\nOng:You are raising a good point here, because bitcoin was originally envisioned to be a peer-to-peer currency for everyone. However, since its inception, there have been various debates in regards to bitcoin’s role.\nI would say its purpose has now evolved to become a store of value and is becoming a viable alternative to replace gold. In fact, this appears to align with China’s stance, as it recently recognized that crypto assets are also an alternative form of investment. This is significant, because the Chinese government has always shunned crypto assets.\nMeanwhile, stablecoins such as USDT and USDC are seeing increased adoption as a form of payment currency.\nTheStreet:Is there anything you want to add?\nOng:Bitcoin’s correction is becoming more pronounced even though it is essential for sustained market growth. We are now experiencing 20%-30% drawdowns on an almost monthly basis. Although the overall macro trend remains bullish, we see an increase in the number of liquidations by traders who over-leverage themselves.\nIt is important to understand that while leverage opportunities like margin trading or futures offer the potential for more gains, the associated risk is also very high. Be sure that you have time, resources, and lots of knowledge before dabbling in leverages.\nI highly recommend that people set reasonable timeframes and financial goals that work for themselves and ensure that they do plenty of research.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4133973,"gmtCreate":1619401744028,"gmtModify":1680785600460,"authorId":3547347450599561,"author":{"id":3547347450599561,"idStr":"3547347450599561","authorId":3547347450599561,"name":"Wanlin","avatar":"https://static.tigerbbs.com/65fdefa6dcf29500b8aa3b61f1f5d7e0","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":374036050,"type":1,"supId":0,"prevId":0,"content":"Comment","text":"Comment","html":"Comment"}],"langContent":"EN"},{"id":374038484,"gmtCreate":1619401025048,"gmtModify":1704723240187,"author":{"id":"3579483775019155","authorId":"3579483775019155","name":"Ychwee","avatar":"https://static.tigerbbs.com/21b26b66434038d42864871216ba4fc9","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3579483775019155","idStr":"3579483775019155"},"htmlText":"BTC to the moon!&nbsp;","listText":"BTC to the moon!&nbsp;","text":"BTC to the moon!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/374038484","repostId":1112623830,"repostType":4,"repost":{"id":"1112623830","kind":"news","pubTimestamp":1619399934,"share":"https://ttm.financial/m/news/1112623830?lang=&edition=fundamental","pubTime":"2021-04-26 09:18","market":"us","language":"en","title":"Bitcoin's Tumble, Explained","url":"https://stock-news.laohu8.com/highlight/detail?id=1112623830","media":"thestreet","summary":"Bitcoin fell dramatically in late April, sinking from its mid-month high of around $64,000 to Sunday","content":"Bitcoin fell dramatically in late April, sinking from its mid-month high of around $64,000 to Sunday morning when it was hovering around $50,000. Here, we talk with&nbsp;Bobby Ong, CoinGecko's chief operating officer, about the move down. CoinGecko is one of the&nbsp;largest independent cryptocurrency data aggregators.\nThe following interview was conducted over email over last week as bitcoin had already begun its decline.\nTheStreet:Despite bitcoin's known volatility, it seems some people were caught off guard by the decline in bitcoin over the past week. Was that just par for the course -- normal volatility -- of something else?\nOng:The recent bloodbath on April 18 saw a record of approximately $9.77 billion worth of futures contracts liquidated in just 24 hours. There was already a massive amount of leverage in the market in anticipation of the Coinbase&nbsp;(COIN) -Get Report&nbsp;initial public offering. The excitement of having the first crypto company IPO also led bitcoin’s price to hit a new all-time high of $64,804.\nHowever, the direct listing of Coinbase also had a lukewarm reception from stock investors. More recently, there was a lot of fear and uncertainty spreading on social media due to various factors, including (rumors of)&nbsp;the U.S. Treasury taking legal action against certain financial institutions for money laundering, which turned out to be false information. Other than that, CNBC was recirculating news about the crypto ban in India, Turkey banning crypto payments, President Biden proposing a higher capital gains tax, and China bitcoin miners losing power.\nThe selloff happened during the weekend when there were thinner order books. 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.\nNaturally, the market also needs to correct itself, because there were many over-leveraged traders. It is also important to note that bitcoin options expire towards the end of every month, which usually causes increased volatility in the last week of each month.\nTheStreet:Do you see the decline as a chance for people to get into it at a cheaper price?\nOng:It depends on that person and their goals. The profiles of buyers today are very different before, when it was mostly libertarians. Today. it’s U.S. institutions, and soon it will be governments.\nIf the time horizon is more than five years, then there is no need to look at price movements each day. Have a long-term horizon, choose an exposure of your net worth that you are comfortable with, and hold for the long term. We are still in the early innings of bitcoin adoption, and we foresee tremendous growth potential in the years to come.\nTheStreet:What did you make of Coinbase's IPO and subsequent move downward?\nOng:Coinbase had a pretty decent performance with regards to direct listing performance in comparison to other companies. It was just the unusually high expectation from the crypto space with regards to its price.\nThere were also ongoing debates on how Coinbase should be valued, because it operates in a cyclical market and might face increased competition in the future.\nTheStreet:It seems you have two parallel views of bitcoin and other crypto that's not tethered to another currency: One, you have people who want to use it as a currency and for privacy. And, two, you have people who are solely looking at it as an investment. How does the latter affect the former? Can it rise to a point where it's only really useful for investment?\nOng:You are raising a good point here, because bitcoin was originally envisioned to be a peer-to-peer currency for everyone. However, since its inception, there have been various debates in regards to bitcoin’s role.\nI would say its purpose has now evolved to become a store of value and is becoming a viable alternative to replace gold. In fact, this appears to align with China’s stance, as it recently recognized that crypto assets are also an alternative form of investment. This is significant, because the Chinese government has always shunned crypto assets.\nMeanwhile, stablecoins such as USDT and USDC are seeing increased adoption as a form of payment currency.\nTheStreet:Is there anything you want to add?\nOng:Bitcoin’s correction is becoming more pronounced even though it is essential for sustained market growth. We are now experiencing 20%-30% drawdowns on an almost monthly basis. Although the overall macro trend remains bullish, we see an increase in the number of liquidations by traders who over-leverage themselves.\nIt is important to understand that while leverage opportunities like margin trading or futures offer the potential for more gains, the associated risk is also very high. Be sure that you have time, resources, and lots of knowledge before dabbling in leverages.\nI highly recommend that people set reasonable timeframes and financial goals that work for themselves and ensure that they do plenty of research.","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's Tumble, Explained</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's Tumble, Explained\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-26 09:18 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/investing/bitcoin/bitcoins-tumble-explained>thestreet</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nBitcoin fell dramatically in late April, sinking from its mid-month high of around $64,000 to Sunday morning when it was hovering around $50,000. Here, we talk with Bobby Ong, CoinGecko's chief ...\n\n<a href=\"https://www.thestreet.com/investing/bitcoin/bitcoins-tumble-explained\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.thestreet.com/investing/bitcoin/bitcoins-tumble-explained","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1112623830","content_text":"Bitcoin fell dramatically in late April, sinking from its mid-month high of around $64,000 to Sunday morning when it was hovering around $50,000. Here, we talk with Bobby Ong, CoinGecko's chief operating officer, about the move down. CoinGecko is one of the largest independent cryptocurrency data aggregators.\nThe following interview was conducted over email over last week as bitcoin had already begun its decline.\nTheStreet:Despite bitcoin's known volatility, it seems some people were caught off guard by the decline in bitcoin over the past week. Was that just par for the course -- normal volatility -- of something else?\nOng:The recent bloodbath on April 18 saw a record of approximately $9.77 billion worth of futures contracts liquidated in just 24 hours. There was already a massive amount of leverage in the market in anticipation of the Coinbase (COIN) -Get Report initial public offering. The excitement of having the first crypto company IPO also led bitcoin’s price to hit a new all-time high of $64,804.\nHowever, the direct listing of Coinbase also had a lukewarm reception from stock investors. More recently, there was a lot of fear and uncertainty spreading on social media due to various factors, including (rumors of) the U.S. Treasury taking legal action against certain financial institutions for money laundering, which turned out to be false information. Other than that, CNBC was recirculating news about the crypto ban in India, Turkey banning crypto payments, President Biden proposing a higher capital gains tax, and China bitcoin miners losing power.\nThe selloff happened during the weekend when there were thinner order books. 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.\nNaturally, the market also needs to correct itself, because there were many over-leveraged traders. It is also important to note that bitcoin options expire towards the end of every month, which usually causes increased volatility in the last week of each month.\nTheStreet:Do you see the decline as a chance for people to get into it at a cheaper price?\nOng:It depends on that person and their goals. The profiles of buyers today are very different before, when it was mostly libertarians. Today. it’s U.S. institutions, and soon it will be governments.\nIf the time horizon is more than five years, then there is no need to look at price movements each day. Have a long-term horizon, choose an exposure of your net worth that you are comfortable with, and hold for the long term. We are still in the early innings of bitcoin adoption, and we foresee tremendous growth potential in the years to come.\nTheStreet:What did you make of Coinbase's IPO and subsequent move downward?\nOng:Coinbase had a pretty decent performance with regards to direct listing performance in comparison to other companies. It was just the unusually high expectation from the crypto space with regards to its price.\nThere were also ongoing debates on how Coinbase should be valued, because it operates in a cyclical market and might face increased competition in the future.\nTheStreet:It seems you have two parallel views of bitcoin and other crypto that's not tethered to another currency: One, you have people who want to use it as a currency and for privacy. And, two, you have people who are solely looking at it as an investment. How does the latter affect the former? Can it rise to a point where it's only really useful for investment?\nOng:You are raising a good point here, because bitcoin was originally envisioned to be a peer-to-peer currency for everyone. However, since its inception, there have been various debates in regards to bitcoin’s role.\nI would say its purpose has now evolved to become a store of value and is becoming a viable alternative to replace gold. In fact, this appears to align with China’s stance, as it recently recognized that crypto assets are also an alternative form of investment. This is significant, because the Chinese government has always shunned crypto assets.\nMeanwhile, stablecoins such as USDT and USDC are seeing increased adoption as a form of payment currency.\nTheStreet:Is there anything you want to add?\nOng:Bitcoin’s correction is becoming more pronounced even though it is essential for sustained market growth. We are now experiencing 20%-30% drawdowns on an almost monthly basis. Although the overall macro trend remains bullish, we see an increase in the number of liquidations by traders who over-leverage themselves.\nIt is important to understand that while leverage opportunities like margin trading or futures offer the potential for more gains, the associated risk is also very high. Be sure that you have time, resources, and lots of knowledge before dabbling in leverages.\nI highly recommend that people set reasonable timeframes and financial goals that work for themselves and ensure that they do plenty of research.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":374038849,"gmtCreate":1619401008581,"gmtModify":1704723239863,"author":{"id":"3576208758020955","authorId":"3576208758020955","name":"Benben0201","avatar":"https://static.tigerbbs.com/e6fa83e1b3e7005f02323b59bddb2f82","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3576208758020955","idStr":"3576208758020955"},"htmlText":"Like&nbsp; &nbsp; &nbsp; &nbsp;&nbsp;","listText":"Like&nbsp; &nbsp; &nbsp; &nbsp;&nbsp;","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/374038849","repostId":1112623830,"repostType":4,"repost":{"id":"1112623830","kind":"news","pubTimestamp":1619399934,"share":"https://ttm.financial/m/news/1112623830?lang=&edition=fundamental","pubTime":"2021-04-26 09:18","market":"us","language":"en","title":"Bitcoin's Tumble, Explained","url":"https://stock-news.laohu8.com/highlight/detail?id=1112623830","media":"thestreet","summary":"Bitcoin fell dramatically in late April, sinking from its mid-month high of around $64,000 to Sunday","content":"Bitcoin fell dramatically in late April, sinking from its mid-month high of around $64,000 to Sunday morning when it was hovering around $50,000. Here, we talk with&nbsp;Bobby Ong, CoinGecko's chief operating officer, about the move down. CoinGecko is one of the&nbsp;largest independent cryptocurrency data aggregators.\nThe following interview was conducted over email over last week as bitcoin had already begun its decline.\nTheStreet:Despite bitcoin's known volatility, it seems some people were caught off guard by the decline in bitcoin over the past week. Was that just par for the course -- normal volatility -- of something else?\nOng:The recent bloodbath on April 18 saw a record of approximately $9.77 billion worth of futures contracts liquidated in just 24 hours. There was already a massive amount of leverage in the market in anticipation of the Coinbase&nbsp;(COIN) -Get Report&nbsp;initial public offering. The excitement of having the first crypto company IPO also led bitcoin’s price to hit a new all-time high of $64,804.\nHowever, the direct listing of Coinbase also had a lukewarm reception from stock investors. More recently, there was a lot of fear and uncertainty spreading on social media due to various factors, including (rumors of)&nbsp;the U.S. Treasury taking legal action against certain financial institutions for money laundering, which turned out to be false information. Other than that, CNBC was recirculating news about the crypto ban in India, Turkey banning crypto payments, President Biden proposing a higher capital gains tax, and China bitcoin miners losing power.\nThe selloff happened during the weekend when there were thinner order books. 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.\nNaturally, the market also needs to correct itself, because there were many over-leveraged traders. It is also important to note that bitcoin options expire towards the end of every month, which usually causes increased volatility in the last week of each month.\nTheStreet:Do you see the decline as a chance for people to get into it at a cheaper price?\nOng:It depends on that person and their goals. The profiles of buyers today are very different before, when it was mostly libertarians. Today. it’s U.S. institutions, and soon it will be governments.\nIf the time horizon is more than five years, then there is no need to look at price movements each day. Have a long-term horizon, choose an exposure of your net worth that you are comfortable with, and hold for the long term. We are still in the early innings of bitcoin adoption, and we foresee tremendous growth potential in the years to come.\nTheStreet:What did you make of Coinbase's IPO and subsequent move downward?\nOng:Coinbase had a pretty decent performance with regards to direct listing performance in comparison to other companies. It was just the unusually high expectation from the crypto space with regards to its price.\nThere were also ongoing debates on how Coinbase should be valued, because it operates in a cyclical market and might face increased competition in the future.\nTheStreet:It seems you have two parallel views of bitcoin and other crypto that's not tethered to another currency: One, you have people who want to use it as a currency and for privacy. And, two, you have people who are solely looking at it as an investment. How does the latter affect the former? Can it rise to a point where it's only really useful for investment?\nOng:You are raising a good point here, because bitcoin was originally envisioned to be a peer-to-peer currency for everyone. However, since its inception, there have been various debates in regards to bitcoin’s role.\nI would say its purpose has now evolved to become a store of value and is becoming a viable alternative to replace gold. In fact, this appears to align with China’s stance, as it recently recognized that crypto assets are also an alternative form of investment. This is significant, because the Chinese government has always shunned crypto assets.\nMeanwhile, stablecoins such as USDT and USDC are seeing increased adoption as a form of payment currency.\nTheStreet:Is there anything you want to add?\nOng:Bitcoin’s correction is becoming more pronounced even though it is essential for sustained market growth. We are now experiencing 20%-30% drawdowns on an almost monthly basis. Although the overall macro trend remains bullish, we see an increase in the number of liquidations by traders who over-leverage themselves.\nIt is important to understand that while leverage opportunities like margin trading or futures offer the potential for more gains, the associated risk is also very high. Be sure that you have time, resources, and lots of knowledge before dabbling in leverages.\nI highly recommend that people set reasonable timeframes and financial goals that work for themselves and ensure that they do plenty of research.","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's Tumble, Explained</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's Tumble, Explained\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-26 09:18 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/investing/bitcoin/bitcoins-tumble-explained>thestreet</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nBitcoin fell dramatically in late April, sinking from its mid-month high of around $64,000 to Sunday morning when it was hovering around $50,000. Here, we talk with Bobby Ong, CoinGecko's chief ...\n\n<a href=\"https://www.thestreet.com/investing/bitcoin/bitcoins-tumble-explained\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.thestreet.com/investing/bitcoin/bitcoins-tumble-explained","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1112623830","content_text":"Bitcoin fell dramatically in late April, sinking from its mid-month high of around $64,000 to Sunday morning when it was hovering around $50,000. Here, we talk with Bobby Ong, CoinGecko's chief operating officer, about the move down. CoinGecko is one of the largest independent cryptocurrency data aggregators.\nThe following interview was conducted over email over last week as bitcoin had already begun its decline.\nTheStreet:Despite bitcoin's known volatility, it seems some people were caught off guard by the decline in bitcoin over the past week. Was that just par for the course -- normal volatility -- of something else?\nOng:The recent bloodbath on April 18 saw a record of approximately $9.77 billion worth of futures contracts liquidated in just 24 hours. There was already a massive amount of leverage in the market in anticipation of the Coinbase (COIN) -Get Report initial public offering. The excitement of having the first crypto company IPO also led bitcoin’s price to hit a new all-time high of $64,804.\nHowever, the direct listing of Coinbase also had a lukewarm reception from stock investors. More recently, there was a lot of fear and uncertainty spreading on social media due to various factors, including (rumors of) the U.S. Treasury taking legal action against certain financial institutions for money laundering, which turned out to be false information. Other than that, CNBC was recirculating news about the crypto ban in India, Turkey banning crypto payments, President Biden proposing a higher capital gains tax, and China bitcoin miners losing power.\nThe selloff happened during the weekend when there were thinner order books. 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.\nNaturally, the market also needs to correct itself, because there were many over-leveraged traders. It is also important to note that bitcoin options expire towards the end of every month, which usually causes increased volatility in the last week of each month.\nTheStreet:Do you see the decline as a chance for people to get into it at a cheaper price?\nOng:It depends on that person and their goals. The profiles of buyers today are very different before, when it was mostly libertarians. Today. it’s U.S. institutions, and soon it will be governments.\nIf the time horizon is more than five years, then there is no need to look at price movements each day. Have a long-term horizon, choose an exposure of your net worth that you are comfortable with, and hold for the long term. We are still in the early innings of bitcoin adoption, and we foresee tremendous growth potential in the years to come.\nTheStreet:What did you make of Coinbase's IPO and subsequent move downward?\nOng:Coinbase had a pretty decent performance with regards to direct listing performance in comparison to other companies. It was just the unusually high expectation from the crypto space with regards to its price.\nThere were also ongoing debates on how Coinbase should be valued, because it operates in a cyclical market and might face increased competition in the future.\nTheStreet:It seems you have two parallel views of bitcoin and other crypto that's not tethered to another currency: One, you have people who want to use it as a currency and for privacy. And, two, you have people who are solely looking at it as an investment. How does the latter affect the former? Can it rise to a point where it's only really useful for investment?\nOng:You are raising a good point here, because bitcoin was originally envisioned to be a peer-to-peer currency for everyone. However, since its inception, there have been various debates in regards to bitcoin’s role.\nI would say its purpose has now evolved to become a store of value and is becoming a viable alternative to replace gold. In fact, this appears to align with China’s stance, as it recently recognized that crypto assets are also an alternative form of investment. This is significant, because the Chinese government has always shunned crypto assets.\nMeanwhile, stablecoins such as USDT and USDC are seeing increased adoption as a form of payment currency.\nTheStreet:Is there anything you want to add?\nOng:Bitcoin’s correction is becoming more pronounced even though it is essential for sustained market growth. We are now experiencing 20%-30% drawdowns on an almost monthly basis. Although the overall macro trend remains bullish, we see an increase in the number of liquidations by traders who over-leverage themselves.\nIt is important to understand that while leverage opportunities like margin trading or futures offer the potential for more gains, the associated risk is also very high. Be sure that you have time, resources, and lots of knowledge before dabbling in leverages.\nI highly recommend that people set reasonable timeframes and financial goals that work for themselves and ensure that they do plenty of research.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":374031664,"gmtCreate":1619400986159,"gmtModify":1704723238410,"author":{"id":"3549714415666834","authorId":"3549714415666834","name":"TwL","avatar":"https://static.tigerbbs.com/14ad422a3833952a8e4fba42f34de58a","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3549714415666834","idStr":"3549714415666834"},"htmlText":"Even with this tumble I still see bullish in it. Agree?","listText":"Even with this tumble I still see bullish in it. Agree?","text":"Even with this tumble I still see bullish in it. Agree?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/374031664","repostId":1112623830,"repostType":4,"repost":{"id":"1112623830","kind":"news","pubTimestamp":1619399934,"share":"https://ttm.financial/m/news/1112623830?lang=&edition=fundamental","pubTime":"2021-04-26 09:18","market":"us","language":"en","title":"Bitcoin's Tumble, Explained","url":"https://stock-news.laohu8.com/highlight/detail?id=1112623830","media":"thestreet","summary":"Bitcoin fell dramatically in late April, sinking from its mid-month high of around $64,000 to Sunday","content":"Bitcoin fell dramatically in late April, sinking from its mid-month high of around $64,000 to Sunday morning when it was hovering around $50,000. Here, we talk with&nbsp;Bobby Ong, CoinGecko's chief operating officer, about the move down. CoinGecko is one of the&nbsp;largest independent cryptocurrency data aggregators.\nThe following interview was conducted over email over last week as bitcoin had already begun its decline.\nTheStreet:Despite bitcoin's known volatility, it seems some people were caught off guard by the decline in bitcoin over the past week. Was that just par for the course -- normal volatility -- of something else?\nOng:The recent bloodbath on April 18 saw a record of approximately $9.77 billion worth of futures contracts liquidated in just 24 hours. There was already a massive amount of leverage in the market in anticipation of the Coinbase&nbsp;(COIN) -Get Report&nbsp;initial public offering. The excitement of having the first crypto company IPO also led bitcoin’s price to hit a new all-time high of $64,804.\nHowever, the direct listing of Coinbase also had a lukewarm reception from stock investors. More recently, there was a lot of fear and uncertainty spreading on social media due to various factors, including (rumors of)&nbsp;the U.S. Treasury taking legal action against certain financial institutions for money laundering, which turned out to be false information. Other than that, CNBC was recirculating news about the crypto ban in India, Turkey banning crypto payments, President Biden proposing a higher capital gains tax, and China bitcoin miners losing power.\nThe selloff happened during the weekend when there were thinner order books. 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.\nNaturally, the market also needs to correct itself, because there were many over-leveraged traders. It is also important to note that bitcoin options expire towards the end of every month, which usually causes increased volatility in the last week of each month.\nTheStreet:Do you see the decline as a chance for people to get into it at a cheaper price?\nOng:It depends on that person and their goals. The profiles of buyers today are very different before, when it was mostly libertarians. Today. it’s U.S. institutions, and soon it will be governments.\nIf the time horizon is more than five years, then there is no need to look at price movements each day. Have a long-term horizon, choose an exposure of your net worth that you are comfortable with, and hold for the long term. We are still in the early innings of bitcoin adoption, and we foresee tremendous growth potential in the years to come.\nTheStreet:What did you make of Coinbase's IPO and subsequent move downward?\nOng:Coinbase had a pretty decent performance with regards to direct listing performance in comparison to other companies. It was just the unusually high expectation from the crypto space with regards to its price.\nThere were also ongoing debates on how Coinbase should be valued, because it operates in a cyclical market and might face increased competition in the future.\nTheStreet:It seems you have two parallel views of bitcoin and other crypto that's not tethered to another currency: One, you have people who want to use it as a currency and for privacy. And, two, you have people who are solely looking at it as an investment. How does the latter affect the former? Can it rise to a point where it's only really useful for investment?\nOng:You are raising a good point here, because bitcoin was originally envisioned to be a peer-to-peer currency for everyone. However, since its inception, there have been various debates in regards to bitcoin’s role.\nI would say its purpose has now evolved to become a store of value and is becoming a viable alternative to replace gold. In fact, this appears to align with China’s stance, as it recently recognized that crypto assets are also an alternative form of investment. This is significant, because the Chinese government has always shunned crypto assets.\nMeanwhile, stablecoins such as USDT and USDC are seeing increased adoption as a form of payment currency.\nTheStreet:Is there anything you want to add?\nOng:Bitcoin’s correction is becoming more pronounced even though it is essential for sustained market growth. We are now experiencing 20%-30% drawdowns on an almost monthly basis. Although the overall macro trend remains bullish, we see an increase in the number of liquidations by traders who over-leverage themselves.\nIt is important to understand that while leverage opportunities like margin trading or futures offer the potential for more gains, the associated risk is also very high. Be sure that you have time, resources, and lots of knowledge before dabbling in leverages.\nI highly recommend that people set reasonable timeframes and financial goals that work for themselves and ensure that they do plenty of research.","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's Tumble, Explained</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's Tumble, Explained\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-26 09:18 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/investing/bitcoin/bitcoins-tumble-explained>thestreet</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nBitcoin fell dramatically in late April, sinking from its mid-month high of around $64,000 to Sunday morning when it was hovering around $50,000. Here, we talk with Bobby Ong, CoinGecko's chief ...\n\n<a href=\"https://www.thestreet.com/investing/bitcoin/bitcoins-tumble-explained\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.thestreet.com/investing/bitcoin/bitcoins-tumble-explained","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1112623830","content_text":"Bitcoin fell dramatically in late April, sinking from its mid-month high of around $64,000 to Sunday morning when it was hovering around $50,000. Here, we talk with Bobby Ong, CoinGecko's chief operating officer, about the move down. CoinGecko is one of the largest independent cryptocurrency data aggregators.\nThe following interview was conducted over email over last week as bitcoin had already begun its decline.\nTheStreet:Despite bitcoin's known volatility, it seems some people were caught off guard by the decline in bitcoin over the past week. Was that just par for the course -- normal volatility -- of something else?\nOng:The recent bloodbath on April 18 saw a record of approximately $9.77 billion worth of futures contracts liquidated in just 24 hours. There was already a massive amount of leverage in the market in anticipation of the Coinbase (COIN) -Get Report initial public offering. The excitement of having the first crypto company IPO also led bitcoin’s price to hit a new all-time high of $64,804.\nHowever, the direct listing of Coinbase also had a lukewarm reception from stock investors. More recently, there was a lot of fear and uncertainty spreading on social media due to various factors, including (rumors of) the U.S. Treasury taking legal action against certain financial institutions for money laundering, which turned out to be false information. Other than that, CNBC was recirculating news about the crypto ban in India, Turkey banning crypto payments, President Biden proposing a higher capital gains tax, and China bitcoin miners losing power.\nThe selloff happened during the weekend when there were thinner order books. 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.\nNaturally, the market also needs to correct itself, because there were many over-leveraged traders. It is also important to note that bitcoin options expire towards the end of every month, which usually causes increased volatility in the last week of each month.\nTheStreet:Do you see the decline as a chance for people to get into it at a cheaper price?\nOng:It depends on that person and their goals. The profiles of buyers today are very different before, when it was mostly libertarians. Today. it’s U.S. institutions, and soon it will be governments.\nIf the time horizon is more than five years, then there is no need to look at price movements each day. Have a long-term horizon, choose an exposure of your net worth that you are comfortable with, and hold for the long term. We are still in the early innings of bitcoin adoption, and we foresee tremendous growth potential in the years to come.\nTheStreet:What did you make of Coinbase's IPO and subsequent move downward?\nOng:Coinbase had a pretty decent performance with regards to direct listing performance in comparison to other companies. It was just the unusually high expectation from the crypto space with regards to its price.\nThere were also ongoing debates on how Coinbase should be valued, because it operates in a cyclical market and might face increased competition in the future.\nTheStreet:It seems you have two parallel views of bitcoin and other crypto that's not tethered to another currency: One, you have people who want to use it as a currency and for privacy. And, two, you have people who are solely looking at it as an investment. How does the latter affect the former? Can it rise to a point where it's only really useful for investment?\nOng:You are raising a good point here, because bitcoin was originally envisioned to be a peer-to-peer currency for everyone. However, since its inception, there have been various debates in regards to bitcoin’s role.\nI would say its purpose has now evolved to become a store of value and is becoming a viable alternative to replace gold. In fact, this appears to align with China’s stance, as it recently recognized that crypto assets are also an alternative form of investment. This is significant, because the Chinese government has always shunned crypto assets.\nMeanwhile, stablecoins such as USDT and USDC are seeing increased adoption as a form of payment currency.\nTheStreet:Is there anything you want to add?\nOng:Bitcoin’s correction is becoming more pronounced even though it is essential for sustained market growth. We are now experiencing 20%-30% drawdowns on an almost monthly basis. Although the overall macro trend remains bullish, we see an increase in the number of liquidations by traders who over-leverage themselves.\nIt is important to understand that while leverage opportunities like margin trading or futures offer the potential for more gains, the associated risk is also very high. Be sure that you have time, resources, and lots of knowledge before dabbling in leverages.\nI highly recommend that people set reasonable timeframes and financial goals that work for themselves and ensure that they do plenty of research.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":374031008,"gmtCreate":1619400969204,"gmtModify":1704723237926,"author":{"id":"3561975721283567","authorId":"3561975721283567","name":"WTurtle","avatar":"https://static.tigerbbs.com/f365603f5d6014baec364bc1bdd93afd","vip":1,"crmLevel":3,"crmLevelSwitch":0,"authorIdStr":"3561975721283567","idStr":"3561975721283567"},"htmlText":"Headwind","listText":"Headwind","text":"Headwind","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/374031008","repostId":1112623830,"repostType":4,"repost":{"id":"1112623830","kind":"news","pubTimestamp":1619399934,"share":"https://ttm.financial/m/news/1112623830?lang=&edition=fundamental","pubTime":"2021-04-26 09:18","market":"us","language":"en","title":"Bitcoin's Tumble, Explained","url":"https://stock-news.laohu8.com/highlight/detail?id=1112623830","media":"thestreet","summary":"Bitcoin fell dramatically in late April, sinking from its mid-month high of around $64,000 to Sunday","content":"Bitcoin fell dramatically in late April, sinking from its mid-month high of around $64,000 to Sunday morning when it was hovering around $50,000. Here, we talk with&nbsp;Bobby Ong, CoinGecko's chief operating officer, about the move down. CoinGecko is one of the&nbsp;largest independent cryptocurrency data aggregators.\nThe following interview was conducted over email over last week as bitcoin had already begun its decline.\nTheStreet:Despite bitcoin's known volatility, it seems some people were caught off guard by the decline in bitcoin over the past week. Was that just par for the course -- normal volatility -- of something else?\nOng:The recent bloodbath on April 18 saw a record of approximately $9.77 billion worth of futures contracts liquidated in just 24 hours. There was already a massive amount of leverage in the market in anticipation of the Coinbase&nbsp;(COIN) -Get Report&nbsp;initial public offering. The excitement of having the first crypto company IPO also led bitcoin’s price to hit a new all-time high of $64,804.\nHowever, the direct listing of Coinbase also had a lukewarm reception from stock investors. More recently, there was a lot of fear and uncertainty spreading on social media due to various factors, including (rumors of)&nbsp;the U.S. Treasury taking legal action against certain financial institutions for money laundering, which turned out to be false information. Other than that, CNBC was recirculating news about the crypto ban in India, Turkey banning crypto payments, President Biden proposing a higher capital gains tax, and China bitcoin miners losing power.\nThe selloff happened during the weekend when there were thinner order books. 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.\nNaturally, the market also needs to correct itself, because there were many over-leveraged traders. It is also important to note that bitcoin options expire towards the end of every month, which usually causes increased volatility in the last week of each month.\nTheStreet:Do you see the decline as a chance for people to get into it at a cheaper price?\nOng:It depends on that person and their goals. The profiles of buyers today are very different before, when it was mostly libertarians. Today. it’s U.S. institutions, and soon it will be governments.\nIf the time horizon is more than five years, then there is no need to look at price movements each day. Have a long-term horizon, choose an exposure of your net worth that you are comfortable with, and hold for the long term. We are still in the early innings of bitcoin adoption, and we foresee tremendous growth potential in the years to come.\nTheStreet:What did you make of Coinbase's IPO and subsequent move downward?\nOng:Coinbase had a pretty decent performance with regards to direct listing performance in comparison to other companies. It was just the unusually high expectation from the crypto space with regards to its price.\nThere were also ongoing debates on how Coinbase should be valued, because it operates in a cyclical market and might face increased competition in the future.\nTheStreet:It seems you have two parallel views of bitcoin and other crypto that's not tethered to another currency: One, you have people who want to use it as a currency and for privacy. And, two, you have people who are solely looking at it as an investment. How does the latter affect the former? Can it rise to a point where it's only really useful for investment?\nOng:You are raising a good point here, because bitcoin was originally envisioned to be a peer-to-peer currency for everyone. However, since its inception, there have been various debates in regards to bitcoin’s role.\nI would say its purpose has now evolved to become a store of value and is becoming a viable alternative to replace gold. In fact, this appears to align with China’s stance, as it recently recognized that crypto assets are also an alternative form of investment. This is significant, because the Chinese government has always shunned crypto assets.\nMeanwhile, stablecoins such as USDT and USDC are seeing increased adoption as a form of payment currency.\nTheStreet:Is there anything you want to add?\nOng:Bitcoin’s correction is becoming more pronounced even though it is essential for sustained market growth. We are now experiencing 20%-30% drawdowns on an almost monthly basis. Although the overall macro trend remains bullish, we see an increase in the number of liquidations by traders who over-leverage themselves.\nIt is important to understand that while leverage opportunities like margin trading or futures offer the potential for more gains, the associated risk is also very high. Be sure that you have time, resources, and lots of knowledge before dabbling in leverages.\nI highly recommend that people set reasonable timeframes and financial goals that work for themselves and ensure that they do plenty of research.","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's Tumble, Explained</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's Tumble, Explained\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-26 09:18 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/investing/bitcoin/bitcoins-tumble-explained>thestreet</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nBitcoin fell dramatically in late April, sinking from its mid-month high of around $64,000 to Sunday morning when it was hovering around $50,000. Here, we talk with Bobby Ong, CoinGecko's chief ...\n\n<a href=\"https://www.thestreet.com/investing/bitcoin/bitcoins-tumble-explained\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.thestreet.com/investing/bitcoin/bitcoins-tumble-explained","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1112623830","content_text":"Bitcoin fell dramatically in late April, sinking from its mid-month high of around $64,000 to Sunday morning when it was hovering around $50,000. Here, we talk with Bobby Ong, CoinGecko's chief operating officer, about the move down. CoinGecko is one of the largest independent cryptocurrency data aggregators.\nThe following interview was conducted over email over last week as bitcoin had already begun its decline.\nTheStreet:Despite bitcoin's known volatility, it seems some people were caught off guard by the decline in bitcoin over the past week. Was that just par for the course -- normal volatility -- of something else?\nOng:The recent bloodbath on April 18 saw a record of approximately $9.77 billion worth of futures contracts liquidated in just 24 hours. There was already a massive amount of leverage in the market in anticipation of the Coinbase (COIN) -Get Report initial public offering. The excitement of having the first crypto company IPO also led bitcoin’s price to hit a new all-time high of $64,804.\nHowever, the direct listing of Coinbase also had a lukewarm reception from stock investors. More recently, there was a lot of fear and uncertainty spreading on social media due to various factors, including (rumors of) the U.S. Treasury taking legal action against certain financial institutions for money laundering, which turned out to be false information. Other than that, CNBC was recirculating news about the crypto ban in India, Turkey banning crypto payments, President Biden proposing a higher capital gains tax, and China bitcoin miners losing power.\nThe selloff happened during the weekend when there were thinner order books. 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.\nNaturally, the market also needs to correct itself, because there were many over-leveraged traders. It is also important to note that bitcoin options expire towards the end of every month, which usually causes increased volatility in the last week of each month.\nTheStreet:Do you see the decline as a chance for people to get into it at a cheaper price?\nOng:It depends on that person and their goals. The profiles of buyers today are very different before, when it was mostly libertarians. Today. it’s U.S. institutions, and soon it will be governments.\nIf the time horizon is more than five years, then there is no need to look at price movements each day. Have a long-term horizon, choose an exposure of your net worth that you are comfortable with, and hold for the long term. We are still in the early innings of bitcoin adoption, and we foresee tremendous growth potential in the years to come.\nTheStreet:What did you make of Coinbase's IPO and subsequent move downward?\nOng:Coinbase had a pretty decent performance with regards to direct listing performance in comparison to other companies. It was just the unusually high expectation from the crypto space with regards to its price.\nThere were also ongoing debates on how Coinbase should be valued, because it operates in a cyclical market and might face increased competition in the future.\nTheStreet:It seems you have two parallel views of bitcoin and other crypto that's not tethered to another currency: One, you have people who want to use it as a currency and for privacy. And, two, you have people who are solely looking at it as an investment. How does the latter affect the former? Can it rise to a point where it's only really useful for investment?\nOng:You are raising a good point here, because bitcoin was originally envisioned to be a peer-to-peer currency for everyone. However, since its inception, there have been various debates in regards to bitcoin’s role.\nI would say its purpose has now evolved to become a store of value and is becoming a viable alternative to replace gold. In fact, this appears to align with China’s stance, as it recently recognized that crypto assets are also an alternative form of investment. This is significant, because the Chinese government has always shunned crypto assets.\nMeanwhile, stablecoins such as USDT and USDC are seeing increased adoption as a form of payment currency.\nTheStreet:Is there anything you want to add?\nOng:Bitcoin’s correction is becoming more pronounced even though it is essential for sustained market growth. We are now experiencing 20%-30% drawdowns on an almost monthly basis. Although the overall macro trend remains bullish, we see an increase in the number of liquidations by traders who over-leverage themselves.\nIt is important to understand that while leverage opportunities like margin trading or futures offer the potential for more gains, the associated risk is also very high. Be sure that you have time, resources, and lots of knowledge before dabbling in leverages.\nI highly recommend that people set reasonable timeframes and financial goals that work for themselves and ensure that they do plenty of research.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":374033132,"gmtCreate":1619400958026,"gmtModify":1704723237102,"author":{"id":"3577678934201060","authorId":"3577678934201060","name":"KLxx","avatar":"https://static.tigerbbs.com/a52c68e0b84d7f61c9d9ccf225bb2bb8","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3577678934201060","idStr":"3577678934201060"},"htmlText":"Comment","listText":"Comment","text":"Comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/374033132","repostId":1112623830,"repostType":4,"repost":{"id":"1112623830","kind":"news","pubTimestamp":1619399934,"share":"https://ttm.financial/m/news/1112623830?lang=&edition=fundamental","pubTime":"2021-04-26 09:18","market":"us","language":"en","title":"Bitcoin's Tumble, Explained","url":"https://stock-news.laohu8.com/highlight/detail?id=1112623830","media":"thestreet","summary":"Bitcoin fell dramatically in late April, sinking from its mid-month high of around $64,000 to Sunday","content":"Bitcoin fell dramatically in late April, sinking from its mid-month high of around $64,000 to Sunday morning when it was hovering around $50,000. Here, we talk with&nbsp;Bobby Ong, CoinGecko's chief operating officer, about the move down. CoinGecko is one of the&nbsp;largest independent cryptocurrency data aggregators.\nThe following interview was conducted over email over last week as bitcoin had already begun its decline.\nTheStreet:Despite bitcoin's known volatility, it seems some people were caught off guard by the decline in bitcoin over the past week. Was that just par for the course -- normal volatility -- of something else?\nOng:The recent bloodbath on April 18 saw a record of approximately $9.77 billion worth of futures contracts liquidated in just 24 hours. There was already a massive amount of leverage in the market in anticipation of the Coinbase&nbsp;(COIN) -Get Report&nbsp;initial public offering. The excitement of having the first crypto company IPO also led bitcoin’s price to hit a new all-time high of $64,804.\nHowever, the direct listing of Coinbase also had a lukewarm reception from stock investors. More recently, there was a lot of fear and uncertainty spreading on social media due to various factors, including (rumors of)&nbsp;the U.S. Treasury taking legal action against certain financial institutions for money laundering, which turned out to be false information. Other than that, CNBC was recirculating news about the crypto ban in India, Turkey banning crypto payments, President Biden proposing a higher capital gains tax, and China bitcoin miners losing power.\nThe selloff happened during the weekend when there were thinner order books. 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.\nNaturally, the market also needs to correct itself, because there were many over-leveraged traders. It is also important to note that bitcoin options expire towards the end of every month, which usually causes increased volatility in the last week of each month.\nTheStreet:Do you see the decline as a chance for people to get into it at a cheaper price?\nOng:It depends on that person and their goals. The profiles of buyers today are very different before, when it was mostly libertarians. Today. it’s U.S. institutions, and soon it will be governments.\nIf the time horizon is more than five years, then there is no need to look at price movements each day. Have a long-term horizon, choose an exposure of your net worth that you are comfortable with, and hold for the long term. We are still in the early innings of bitcoin adoption, and we foresee tremendous growth potential in the years to come.\nTheStreet:What did you make of Coinbase's IPO and subsequent move downward?\nOng:Coinbase had a pretty decent performance with regards to direct listing performance in comparison to other companies. It was just the unusually high expectation from the crypto space with regards to its price.\nThere were also ongoing debates on how Coinbase should be valued, because it operates in a cyclical market and might face increased competition in the future.\nTheStreet:It seems you have two parallel views of bitcoin and other crypto that's not tethered to another currency: One, you have people who want to use it as a currency and for privacy. And, two, you have people who are solely looking at it as an investment. How does the latter affect the former? Can it rise to a point where it's only really useful for investment?\nOng:You are raising a good point here, because bitcoin was originally envisioned to be a peer-to-peer currency for everyone. However, since its inception, there have been various debates in regards to bitcoin’s role.\nI would say its purpose has now evolved to become a store of value and is becoming a viable alternative to replace gold. In fact, this appears to align with China’s stance, as it recently recognized that crypto assets are also an alternative form of investment. This is significant, because the Chinese government has always shunned crypto assets.\nMeanwhile, stablecoins such as USDT and USDC are seeing increased adoption as a form of payment currency.\nTheStreet:Is there anything you want to add?\nOng:Bitcoin’s correction is becoming more pronounced even though it is essential for sustained market growth. We are now experiencing 20%-30% drawdowns on an almost monthly basis. Although the overall macro trend remains bullish, we see an increase in the number of liquidations by traders who over-leverage themselves.\nIt is important to understand that while leverage opportunities like margin trading or futures offer the potential for more gains, the associated risk is also very high. Be sure that you have time, resources, and lots of knowledge before dabbling in leverages.\nI highly recommend that people set reasonable timeframes and financial goals that work for themselves and ensure that they do plenty of research.","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's Tumble, Explained</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's Tumble, Explained\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-26 09:18 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/investing/bitcoin/bitcoins-tumble-explained>thestreet</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nBitcoin fell dramatically in late April, sinking from its mid-month high of around $64,000 to Sunday morning when it was hovering around $50,000. Here, we talk with Bobby Ong, CoinGecko's chief ...\n\n<a href=\"https://www.thestreet.com/investing/bitcoin/bitcoins-tumble-explained\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.thestreet.com/investing/bitcoin/bitcoins-tumble-explained","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1112623830","content_text":"Bitcoin fell dramatically in late April, sinking from its mid-month high of around $64,000 to Sunday morning when it was hovering around $50,000. Here, we talk with Bobby Ong, CoinGecko's chief operating officer, about the move down. CoinGecko is one of the largest independent cryptocurrency data aggregators.\nThe following interview was conducted over email over last week as bitcoin had already begun its decline.\nTheStreet:Despite bitcoin's known volatility, it seems some people were caught off guard by the decline in bitcoin over the past week. Was that just par for the course -- normal volatility -- of something else?\nOng:The recent bloodbath on April 18 saw a record of approximately $9.77 billion worth of futures contracts liquidated in just 24 hours. There was already a massive amount of leverage in the market in anticipation of the Coinbase (COIN) -Get Report initial public offering. The excitement of having the first crypto company IPO also led bitcoin’s price to hit a new all-time high of $64,804.\nHowever, the direct listing of Coinbase also had a lukewarm reception from stock investors. More recently, there was a lot of fear and uncertainty spreading on social media due to various factors, including (rumors of) the U.S. Treasury taking legal action against certain financial institutions for money laundering, which turned out to be false information. Other than that, CNBC was recirculating news about the crypto ban in India, Turkey banning crypto payments, President Biden proposing a higher capital gains tax, and China bitcoin miners losing power.\nThe selloff happened during the weekend when there were thinner order books. 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.\nNaturally, the market also needs to correct itself, because there were many over-leveraged traders. It is also important to note that bitcoin options expire towards the end of every month, which usually causes increased volatility in the last week of each month.\nTheStreet:Do you see the decline as a chance for people to get into it at a cheaper price?\nOng:It depends on that person and their goals. The profiles of buyers today are very different before, when it was mostly libertarians. Today. it’s U.S. institutions, and soon it will be governments.\nIf the time horizon is more than five years, then there is no need to look at price movements each day. Have a long-term horizon, choose an exposure of your net worth that you are comfortable with, and hold for the long term. We are still in the early innings of bitcoin adoption, and we foresee tremendous growth potential in the years to come.\nTheStreet:What did you make of Coinbase's IPO and subsequent move downward?\nOng:Coinbase had a pretty decent performance with regards to direct listing performance in comparison to other companies. It was just the unusually high expectation from the crypto space with regards to its price.\nThere were also ongoing debates on how Coinbase should be valued, because it operates in a cyclical market and might face increased competition in the future.\nTheStreet:It seems you have two parallel views of bitcoin and other crypto that's not tethered to another currency: One, you have people who want to use it as a currency and for privacy. And, two, you have people who are solely looking at it as an investment. How does the latter affect the former? Can it rise to a point where it's only really useful for investment?\nOng:You are raising a good point here, because bitcoin was originally envisioned to be a peer-to-peer currency for everyone. However, since its inception, there have been various debates in regards to bitcoin’s role.\nI would say its purpose has now evolved to become a store of value and is becoming a viable alternative to replace gold. In fact, this appears to align with China’s stance, as it recently recognized that crypto assets are also an alternative form of investment. This is significant, because the Chinese government has always shunned crypto assets.\nMeanwhile, stablecoins such as USDT and USDC are seeing increased adoption as a form of payment currency.\nTheStreet:Is there anything you want to add?\nOng:Bitcoin’s correction is becoming more pronounced even though it is essential for sustained market growth. We are now experiencing 20%-30% drawdowns on an almost monthly basis. Although the overall macro trend remains bullish, we see an increase in the number of liquidations by traders who over-leverage themselves.\nIt is important to understand that while leverage opportunities like margin trading or futures offer the potential for more gains, the associated risk is also very high. Be sure that you have time, resources, and lots of knowledge before dabbling in leverages.\nI highly recommend that people set reasonable timeframes and financial goals that work for themselves and ensure that they do plenty of research.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":374092986,"gmtCreate":1619400677845,"gmtModify":1704723229449,"author":{"id":"3576260758860416","authorId":"3576260758860416","name":"andrew123","avatar":"https://community-static.tradeup.com/news/f2a1eaba26272212d42018e60e78b422","vip":1,"hat":"https://static.tigerbbs.com/4c5ceab71416b120bab4604c0754b52a","crmLevel":5,"crmLevelSwitch":0,"authorIdStr":"3576260758860416","idStr":"3576260758860416"},"htmlText":"Wondering with recent correction, is it good to acc for mid to long term as tgt by some btc price tgt 100k or begining of downtrend to some analyst 35k? Like n comment","listText":"Wondering with recent correction, is it good to acc for mid to long term as tgt by some btc price tgt 100k or begining of downtrend to some analyst 35k? Like n comment","text":"Wondering with recent correction, is it good to acc for mid to long term as tgt by some btc price tgt 100k or begining of downtrend to some analyst 35k? Like n comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/374092986","repostId":1112623830,"repostType":4,"repost":{"id":"1112623830","kind":"news","pubTimestamp":1619399934,"share":"https://ttm.financial/m/news/1112623830?lang=&edition=fundamental","pubTime":"2021-04-26 09:18","market":"us","language":"en","title":"Bitcoin's Tumble, Explained","url":"https://stock-news.laohu8.com/highlight/detail?id=1112623830","media":"thestreet","summary":"Bitcoin fell dramatically in late April, sinking from its mid-month high of around $64,000 to Sunday","content":"Bitcoin fell dramatically in late April, sinking from its mid-month high of around $64,000 to Sunday morning when it was hovering around $50,000. Here, we talk with&nbsp;Bobby Ong, CoinGecko's chief operating officer, about the move down. CoinGecko is one of the&nbsp;largest independent cryptocurrency data aggregators.\nThe following interview was conducted over email over last week as bitcoin had already begun its decline.\nTheStreet:Despite bitcoin's known volatility, it seems some people were caught off guard by the decline in bitcoin over the past week. Was that just par for the course -- normal volatility -- of something else?\nOng:The recent bloodbath on April 18 saw a record of approximately $9.77 billion worth of futures contracts liquidated in just 24 hours. There was already a massive amount of leverage in the market in anticipation of the Coinbase&nbsp;(COIN) -Get Report&nbsp;initial public offering. The excitement of having the first crypto company IPO also led bitcoin’s price to hit a new all-time high of $64,804.\nHowever, the direct listing of Coinbase also had a lukewarm reception from stock investors. More recently, there was a lot of fear and uncertainty spreading on social media due to various factors, including (rumors of)&nbsp;the U.S. Treasury taking legal action against certain financial institutions for money laundering, which turned out to be false information. Other than that, CNBC was recirculating news about the crypto ban in India, Turkey banning crypto payments, President Biden proposing a higher capital gains tax, and China bitcoin miners losing power.\nThe selloff happened during the weekend when there were thinner order books. 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.\nNaturally, the market also needs to correct itself, because there were many over-leveraged traders. It is also important to note that bitcoin options expire towards the end of every month, which usually causes increased volatility in the last week of each month.\nTheStreet:Do you see the decline as a chance for people to get into it at a cheaper price?\nOng:It depends on that person and their goals. The profiles of buyers today are very different before, when it was mostly libertarians. Today. it’s U.S. institutions, and soon it will be governments.\nIf the time horizon is more than five years, then there is no need to look at price movements each day. Have a long-term horizon, choose an exposure of your net worth that you are comfortable with, and hold for the long term. We are still in the early innings of bitcoin adoption, and we foresee tremendous growth potential in the years to come.\nTheStreet:What did you make of Coinbase's IPO and subsequent move downward?\nOng:Coinbase had a pretty decent performance with regards to direct listing performance in comparison to other companies. It was just the unusually high expectation from the crypto space with regards to its price.\nThere were also ongoing debates on how Coinbase should be valued, because it operates in a cyclical market and might face increased competition in the future.\nTheStreet:It seems you have two parallel views of bitcoin and other crypto that's not tethered to another currency: One, you have people who want to use it as a currency and for privacy. And, two, you have people who are solely looking at it as an investment. How does the latter affect the former? Can it rise to a point where it's only really useful for investment?\nOng:You are raising a good point here, because bitcoin was originally envisioned to be a peer-to-peer currency for everyone. However, since its inception, there have been various debates in regards to bitcoin’s role.\nI would say its purpose has now evolved to become a store of value and is becoming a viable alternative to replace gold. In fact, this appears to align with China’s stance, as it recently recognized that crypto assets are also an alternative form of investment. This is significant, because the Chinese government has always shunned crypto assets.\nMeanwhile, stablecoins such as USDT and USDC are seeing increased adoption as a form of payment currency.\nTheStreet:Is there anything you want to add?\nOng:Bitcoin’s correction is becoming more pronounced even though it is essential for sustained market growth. We are now experiencing 20%-30% drawdowns on an almost monthly basis. Although the overall macro trend remains bullish, we see an increase in the number of liquidations by traders who over-leverage themselves.\nIt is important to understand that while leverage opportunities like margin trading or futures offer the potential for more gains, the associated risk is also very high. Be sure that you have time, resources, and lots of knowledge before dabbling in leverages.\nI highly recommend that people set reasonable timeframes and financial goals that work for themselves and ensure that they do plenty of research.","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's Tumble, Explained</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's Tumble, Explained\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-26 09:18 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/investing/bitcoin/bitcoins-tumble-explained>thestreet</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nBitcoin fell dramatically in late April, sinking from its mid-month high of around $64,000 to Sunday morning when it was hovering around $50,000. Here, we talk with Bobby Ong, CoinGecko's chief ...\n\n<a href=\"https://www.thestreet.com/investing/bitcoin/bitcoins-tumble-explained\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.thestreet.com/investing/bitcoin/bitcoins-tumble-explained","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1112623830","content_text":"Bitcoin fell dramatically in late April, sinking from its mid-month high of around $64,000 to Sunday morning when it was hovering around $50,000. Here, we talk with Bobby Ong, CoinGecko's chief operating officer, about the move down. CoinGecko is one of the largest independent cryptocurrency data aggregators.\nThe following interview was conducted over email over last week as bitcoin had already begun its decline.\nTheStreet:Despite bitcoin's known volatility, it seems some people were caught off guard by the decline in bitcoin over the past week. Was that just par for the course -- normal volatility -- of something else?\nOng:The recent bloodbath on April 18 saw a record of approximately $9.77 billion worth of futures contracts liquidated in just 24 hours. There was already a massive amount of leverage in the market in anticipation of the Coinbase (COIN) -Get Report initial public offering. The excitement of having the first crypto company IPO also led bitcoin’s price to hit a new all-time high of $64,804.\nHowever, the direct listing of Coinbase also had a lukewarm reception from stock investors. More recently, there was a lot of fear and uncertainty spreading on social media due to various factors, including (rumors of) the U.S. Treasury taking legal action against certain financial institutions for money laundering, which turned out to be false information. Other than that, CNBC was recirculating news about the crypto ban in India, Turkey banning crypto payments, President Biden proposing a higher capital gains tax, and China bitcoin miners losing power.\nThe selloff happened during the weekend when there were thinner order books. 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.\nNaturally, the market also needs to correct itself, because there were many over-leveraged traders. It is also important to note that bitcoin options expire towards the end of every month, which usually causes increased volatility in the last week of each month.\nTheStreet:Do you see the decline as a chance for people to get into it at a cheaper price?\nOng:It depends on that person and their goals. The profiles of buyers today are very different before, when it was mostly libertarians. Today. it’s U.S. institutions, and soon it will be governments.\nIf the time horizon is more than five years, then there is no need to look at price movements each day. Have a long-term horizon, choose an exposure of your net worth that you are comfortable with, and hold for the long term. We are still in the early innings of bitcoin adoption, and we foresee tremendous growth potential in the years to come.\nTheStreet:What did you make of Coinbase's IPO and subsequent move downward?\nOng:Coinbase had a pretty decent performance with regards to direct listing performance in comparison to other companies. It was just the unusually high expectation from the crypto space with regards to its price.\nThere were also ongoing debates on how Coinbase should be valued, because it operates in a cyclical market and might face increased competition in the future.\nTheStreet:It seems you have two parallel views of bitcoin and other crypto that's not tethered to another currency: One, you have people who want to use it as a currency and for privacy. And, two, you have people who are solely looking at it as an investment. How does the latter affect the former? Can it rise to a point where it's only really useful for investment?\nOng:You are raising a good point here, because bitcoin was originally envisioned to be a peer-to-peer currency for everyone. However, since its inception, there have been various debates in regards to bitcoin’s role.\nI would say its purpose has now evolved to become a store of value and is becoming a viable alternative to replace gold. In fact, this appears to align with China’s stance, as it recently recognized that crypto assets are also an alternative form of investment. This is significant, because the Chinese government has always shunned crypto assets.\nMeanwhile, stablecoins such as USDT and USDC are seeing increased adoption as a form of payment currency.\nTheStreet:Is there anything you want to add?\nOng:Bitcoin’s correction is becoming more pronounced even though it is essential for sustained market growth. We are now experiencing 20%-30% drawdowns on an almost monthly basis. Although the overall macro trend remains bullish, we see an increase in the number of liquidations by traders who over-leverage themselves.\nIt is important to understand that while leverage opportunities like margin trading or futures offer the potential for more gains, the associated risk is also very high. Be sure that you have time, resources, and lots of knowledge before dabbling in leverages.\nI highly recommend that people set reasonable timeframes and financial goals that work for themselves and ensure that they do plenty of research.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4134242,"gmtCreate":1619403158826,"gmtModify":1680785608814,"authorId":3570656625926041,"author":{"id":3570656625926041,"idStr":"3570656625926041","authorId":3570656625926041,"name":"Alfred1007","avatar":"https://static.tigerbbs.com/81d8406380cbc0525927f00a9510f2fa","vip":1,"currentWearingBadge":{"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,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1102},"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":374092986,"type":1,"supId":0,"prevId":0,"content":"can buy if you see potential in it, but be prepared to lose it.","text":"can buy if you see potential in it, but be prepared to lose it.","html":"can buy if you see potential in it, but be prepared to lose it."}],"langContent":"EN"},{"id":374007317,"gmtCreate":1619400311139,"gmtModify":1704723220206,"author":{"id":"3581547615722192","authorId":"3581547615722192","name":"Veon6620","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3581547615722192","idStr":"3581547615722192"},"htmlText":"Bitcoin healthy correction only.&nbsp;","listText":"Bitcoin healthy correction only.&nbsp;","text":"Bitcoin healthy correction only.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/374007317","repostId":1112623830,"repostType":4,"repost":{"id":"1112623830","kind":"news","pubTimestamp":1619399934,"share":"https://ttm.financial/m/news/1112623830?lang=&edition=fundamental","pubTime":"2021-04-26 09:18","market":"us","language":"en","title":"Bitcoin's Tumble, Explained","url":"https://stock-news.laohu8.com/highlight/detail?id=1112623830","media":"thestreet","summary":"Bitcoin fell dramatically in late April, sinking from its mid-month high of around $64,000 to Sunday","content":"Bitcoin fell dramatically in late April, sinking from its mid-month high of around $64,000 to Sunday morning when it was hovering around $50,000. Here, we talk with&nbsp;Bobby Ong, CoinGecko's chief operating officer, about the move down. CoinGecko is one of the&nbsp;largest independent cryptocurrency data aggregators.\nThe following interview was conducted over email over last week as bitcoin had already begun its decline.\nTheStreet:Despite bitcoin's known volatility, it seems some people were caught off guard by the decline in bitcoin over the past week. Was that just par for the course -- normal volatility -- of something else?\nOng:The recent bloodbath on April 18 saw a record of approximately $9.77 billion worth of futures contracts liquidated in just 24 hours. There was already a massive amount of leverage in the market in anticipation of the Coinbase&nbsp;(COIN) -Get Report&nbsp;initial public offering. The excitement of having the first crypto company IPO also led bitcoin’s price to hit a new all-time high of $64,804.\nHowever, the direct listing of Coinbase also had a lukewarm reception from stock investors. More recently, there was a lot of fear and uncertainty spreading on social media due to various factors, including (rumors of)&nbsp;the U.S. Treasury taking legal action against certain financial institutions for money laundering, which turned out to be false information. Other than that, CNBC was recirculating news about the crypto ban in India, Turkey banning crypto payments, President Biden proposing a higher capital gains tax, and China bitcoin miners losing power.\nThe selloff happened during the weekend when there were thinner order books. 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.\nNaturally, the market also needs to correct itself, because there were many over-leveraged traders. It is also important to note that bitcoin options expire towards the end of every month, which usually causes increased volatility in the last week of each month.\nTheStreet:Do you see the decline as a chance for people to get into it at a cheaper price?\nOng:It depends on that person and their goals. The profiles of buyers today are very different before, when it was mostly libertarians. Today. it’s U.S. institutions, and soon it will be governments.\nIf the time horizon is more than five years, then there is no need to look at price movements each day. Have a long-term horizon, choose an exposure of your net worth that you are comfortable with, and hold for the long term. We are still in the early innings of bitcoin adoption, and we foresee tremendous growth potential in the years to come.\nTheStreet:What did you make of Coinbase's IPO and subsequent move downward?\nOng:Coinbase had a pretty decent performance with regards to direct listing performance in comparison to other companies. It was just the unusually high expectation from the crypto space with regards to its price.\nThere were also ongoing debates on how Coinbase should be valued, because it operates in a cyclical market and might face increased competition in the future.\nTheStreet:It seems you have two parallel views of bitcoin and other crypto that's not tethered to another currency: One, you have people who want to use it as a currency and for privacy. And, two, you have people who are solely looking at it as an investment. How does the latter affect the former? Can it rise to a point where it's only really useful for investment?\nOng:You are raising a good point here, because bitcoin was originally envisioned to be a peer-to-peer currency for everyone. However, since its inception, there have been various debates in regards to bitcoin’s role.\nI would say its purpose has now evolved to become a store of value and is becoming a viable alternative to replace gold. In fact, this appears to align with China’s stance, as it recently recognized that crypto assets are also an alternative form of investment. This is significant, because the Chinese government has always shunned crypto assets.\nMeanwhile, stablecoins such as USDT and USDC are seeing increased adoption as a form of payment currency.\nTheStreet:Is there anything you want to add?\nOng:Bitcoin’s correction is becoming more pronounced even though it is essential for sustained market growth. We are now experiencing 20%-30% drawdowns on an almost monthly basis. Although the overall macro trend remains bullish, we see an increase in the number of liquidations by traders who over-leverage themselves.\nIt is important to understand that while leverage opportunities like margin trading or futures offer the potential for more gains, the associated risk is also very high. Be sure that you have time, resources, and lots of knowledge before dabbling in leverages.\nI highly recommend that people set reasonable timeframes and financial goals that work for themselves and ensure that they do plenty of research.","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's Tumble, Explained</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's Tumble, Explained\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-26 09:18 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/investing/bitcoin/bitcoins-tumble-explained>thestreet</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nBitcoin fell dramatically in late April, sinking from its mid-month high of around $64,000 to Sunday morning when it was hovering around $50,000. Here, we talk with Bobby Ong, CoinGecko's chief ...\n\n<a href=\"https://www.thestreet.com/investing/bitcoin/bitcoins-tumble-explained\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.thestreet.com/investing/bitcoin/bitcoins-tumble-explained","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1112623830","content_text":"Bitcoin fell dramatically in late April, sinking from its mid-month high of around $64,000 to Sunday morning when it was hovering around $50,000. Here, we talk with Bobby Ong, CoinGecko's chief operating officer, about the move down. CoinGecko is one of the largest independent cryptocurrency data aggregators.\nThe following interview was conducted over email over last week as bitcoin had already begun its decline.\nTheStreet:Despite bitcoin's known volatility, it seems some people were caught off guard by the decline in bitcoin over the past week. Was that just par for the course -- normal volatility -- of something else?\nOng:The recent bloodbath on April 18 saw a record of approximately $9.77 billion worth of futures contracts liquidated in just 24 hours. There was already a massive amount of leverage in the market in anticipation of the Coinbase (COIN) -Get Report initial public offering. The excitement of having the first crypto company IPO also led bitcoin’s price to hit a new all-time high of $64,804.\nHowever, the direct listing of Coinbase also had a lukewarm reception from stock investors. More recently, there was a lot of fear and uncertainty spreading on social media due to various factors, including (rumors of) the U.S. Treasury taking legal action against certain financial institutions for money laundering, which turned out to be false information. Other than that, CNBC was recirculating news about the crypto ban in India, Turkey banning crypto payments, President Biden proposing a higher capital gains tax, and China bitcoin miners losing power.\nThe selloff happened during the weekend when there were thinner order books. 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.\nNaturally, the market also needs to correct itself, because there were many over-leveraged traders. It is also important to note that bitcoin options expire towards the end of every month, which usually causes increased volatility in the last week of each month.\nTheStreet:Do you see the decline as a chance for people to get into it at a cheaper price?\nOng:It depends on that person and their goals. The profiles of buyers today are very different before, when it was mostly libertarians. Today. it’s U.S. institutions, and soon it will be governments.\nIf the time horizon is more than five years, then there is no need to look at price movements each day. Have a long-term horizon, choose an exposure of your net worth that you are comfortable with, and hold for the long term. We are still in the early innings of bitcoin adoption, and we foresee tremendous growth potential in the years to come.\nTheStreet:What did you make of Coinbase's IPO and subsequent move downward?\nOng:Coinbase had a pretty decent performance with regards to direct listing performance in comparison to other companies. It was just the unusually high expectation from the crypto space with regards to its price.\nThere were also ongoing debates on how Coinbase should be valued, because it operates in a cyclical market and might face increased competition in the future.\nTheStreet:It seems you have two parallel views of bitcoin and other crypto that's not tethered to another currency: One, you have people who want to use it as a currency and for privacy. And, two, you have people who are solely looking at it as an investment. How does the latter affect the former? Can it rise to a point where it's only really useful for investment?\nOng:You are raising a good point here, because bitcoin was originally envisioned to be a peer-to-peer currency for everyone. However, since its inception, there have been various debates in regards to bitcoin’s role.\nI would say its purpose has now evolved to become a store of value and is becoming a viable alternative to replace gold. In fact, this appears to align with China’s stance, as it recently recognized that crypto assets are also an alternative form of investment. This is significant, because the Chinese government has always shunned crypto assets.\nMeanwhile, stablecoins such as USDT and USDC are seeing increased adoption as a form of payment currency.\nTheStreet:Is there anything you want to add?\nOng:Bitcoin’s correction is becoming more pronounced even though it is essential for sustained market growth. We are now experiencing 20%-30% drawdowns on an almost monthly basis. Although the overall macro trend remains bullish, we see an increase in the number of liquidations by traders who over-leverage themselves.\nIt is important to understand that while leverage opportunities like margin trading or futures offer the potential for more gains, the associated risk is also very high. Be sure that you have time, resources, and lots of knowledge before dabbling in leverages.\nI highly recommend that people set reasonable timeframes and financial goals that work for themselves and ensure that they do plenty of research.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4156398,"gmtCreate":1619576391686,"gmtModify":1680785955705,"authorId":3581547615722192,"author":{"id":3581547615722192,"idStr":"3581547615722192","authorId":3581547615722192,"name":"Veon6620","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":3581547615722192,"repliedAuthor":{"id":3581547615722192,"idStr":"3581547615722192","authorId":3581547615722192,"name":"Veon6620","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"objectId":374007317,"type":1,"supId":4133664,"prevId":4156076,"content":"Higher ","text":"Higher ","html":"Higher "},{"id":4156076,"gmtCreate":1619574803042,"gmtModify":1680785945856,"authorId":3581547615722192,"author":{"id":3581547615722192,"idStr":"3581547615722192","authorId":3581547615722192,"name":"Veon6620","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":374007317,"type":1,"supId":4133664,"prevId":0,"content":"Bitcoin Now at 55k. Superb recovery","text":"Bitcoin Now at 55k. Superb recovery","html":"Bitcoin Now at 55k. Superb recovery"},{"id":4133920,"gmtCreate":1619401448729,"gmtModify":1680785597483,"authorId":3581550090206949,"author":{"id":3581550090206949,"idStr":"3581550090206949","authorId":3581550090206949,"name":"Sallkwan","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":374007317,"type":1,"supId":0,"prevId":0,"content":"Agree","text":"Agree","html":"Agree"},{"id":4133664,"gmtCreate":1619400360887,"gmtModify":1680785587297,"authorId":3578969648963961,"author":{"id":3578969648963961,"idStr":"3578969648963961","authorId":3578969648963961,"name":"Boo2bear","avatar":"https://static.tigerbbs.com/209ae746c8124fe2d5f79aee784d2fcc","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":374007317,"type":1,"supId":0,"prevId":0,"content":"Yes as long stays above $44k","text":"Yes as long stays above $44k","html":"Yes as long stays above $44k"}],"langContent":"EN"},{"id":374004859,"gmtCreate":1619400259471,"gmtModify":1704723219068,"author":{"id":"3554887433065819","authorId":"3554887433065819","name":"WoBuZhiDao","avatar":"https://static.tigerbbs.com/979eba89f1c5251b4aa4e0f0f6c10daa","vip":1,"crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3554887433065819","idStr":"3554887433065819"},"htmlText":"Comment and like please&nbsp;","listText":"Comment and like please&nbsp;","text":"Comment and like please","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/374004859","repostId":1112623830,"repostType":4,"repost":{"id":"1112623830","kind":"news","pubTimestamp":1619399934,"share":"https://ttm.financial/m/news/1112623830?lang=&edition=fundamental","pubTime":"2021-04-26 09:18","market":"us","language":"en","title":"Bitcoin's Tumble, Explained","url":"https://stock-news.laohu8.com/highlight/detail?id=1112623830","media":"thestreet","summary":"Bitcoin fell dramatically in late April, sinking from its mid-month high of around $64,000 to Sunday","content":"Bitcoin fell dramatically in late April, sinking from its mid-month high of around $64,000 to Sunday morning when it was hovering around $50,000. Here, we talk with&nbsp;Bobby Ong, CoinGecko's chief operating officer, about the move down. CoinGecko is one of the&nbsp;largest independent cryptocurrency data aggregators.\nThe following interview was conducted over email over last week as bitcoin had already begun its decline.\nTheStreet:Despite bitcoin's known volatility, it seems some people were caught off guard by the decline in bitcoin over the past week. Was that just par for the course -- normal volatility -- of something else?\nOng:The recent bloodbath on April 18 saw a record of approximately $9.77 billion worth of futures contracts liquidated in just 24 hours. There was already a massive amount of leverage in the market in anticipation of the Coinbase&nbsp;(COIN) -Get Report&nbsp;initial public offering. The excitement of having the first crypto company IPO also led bitcoin’s price to hit a new all-time high of $64,804.\nHowever, the direct listing of Coinbase also had a lukewarm reception from stock investors. More recently, there was a lot of fear and uncertainty spreading on social media due to various factors, including (rumors of)&nbsp;the U.S. Treasury taking legal action against certain financial institutions for money laundering, which turned out to be false information. Other than that, CNBC was recirculating news about the crypto ban in India, Turkey banning crypto payments, President Biden proposing a higher capital gains tax, and China bitcoin miners losing power.\nThe selloff happened during the weekend when there were thinner order books. 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.\nNaturally, the market also needs to correct itself, because there were many over-leveraged traders. It is also important to note that bitcoin options expire towards the end of every month, which usually causes increased volatility in the last week of each month.\nTheStreet:Do you see the decline as a chance for people to get into it at a cheaper price?\nOng:It depends on that person and their goals. The profiles of buyers today are very different before, when it was mostly libertarians. Today. it’s U.S. institutions, and soon it will be governments.\nIf the time horizon is more than five years, then there is no need to look at price movements each day. Have a long-term horizon, choose an exposure of your net worth that you are comfortable with, and hold for the long term. We are still in the early innings of bitcoin adoption, and we foresee tremendous growth potential in the years to come.\nTheStreet:What did you make of Coinbase's IPO and subsequent move downward?\nOng:Coinbase had a pretty decent performance with regards to direct listing performance in comparison to other companies. It was just the unusually high expectation from the crypto space with regards to its price.\nThere were also ongoing debates on how Coinbase should be valued, because it operates in a cyclical market and might face increased competition in the future.\nTheStreet:It seems you have two parallel views of bitcoin and other crypto that's not tethered to another currency: One, you have people who want to use it as a currency and for privacy. And, two, you have people who are solely looking at it as an investment. How does the latter affect the former? Can it rise to a point where it's only really useful for investment?\nOng:You are raising a good point here, because bitcoin was originally envisioned to be a peer-to-peer currency for everyone. However, since its inception, there have been various debates in regards to bitcoin’s role.\nI would say its purpose has now evolved to become a store of value and is becoming a viable alternative to replace gold. In fact, this appears to align with China’s stance, as it recently recognized that crypto assets are also an alternative form of investment. This is significant, because the Chinese government has always shunned crypto assets.\nMeanwhile, stablecoins such as USDT and USDC are seeing increased adoption as a form of payment currency.\nTheStreet:Is there anything you want to add?\nOng:Bitcoin’s correction is becoming more pronounced even though it is essential for sustained market growth. We are now experiencing 20%-30% drawdowns on an almost monthly basis. Although the overall macro trend remains bullish, we see an increase in the number of liquidations by traders who over-leverage themselves.\nIt is important to understand that while leverage opportunities like margin trading or futures offer the potential for more gains, the associated risk is also very high. Be sure that you have time, resources, and lots of knowledge before dabbling in leverages.\nI highly recommend that people set reasonable timeframes and financial goals that work for themselves and ensure that they do plenty of research.","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's Tumble, Explained</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's Tumble, Explained\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-26 09:18 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/investing/bitcoin/bitcoins-tumble-explained>thestreet</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nBitcoin fell dramatically in late April, sinking from its mid-month high of around $64,000 to Sunday morning when it was hovering around $50,000. Here, we talk with Bobby Ong, CoinGecko's chief ...\n\n<a href=\"https://www.thestreet.com/investing/bitcoin/bitcoins-tumble-explained\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.thestreet.com/investing/bitcoin/bitcoins-tumble-explained","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1112623830","content_text":"Bitcoin fell dramatically in late April, sinking from its mid-month high of around $64,000 to Sunday morning when it was hovering around $50,000. Here, we talk with Bobby Ong, CoinGecko's chief operating officer, about the move down. CoinGecko is one of the largest independent cryptocurrency data aggregators.\nThe following interview was conducted over email over last week as bitcoin had already begun its decline.\nTheStreet:Despite bitcoin's known volatility, it seems some people were caught off guard by the decline in bitcoin over the past week. Was that just par for the course -- normal volatility -- of something else?\nOng:The recent bloodbath on April 18 saw a record of approximately $9.77 billion worth of futures contracts liquidated in just 24 hours. There was already a massive amount of leverage in the market in anticipation of the Coinbase (COIN) -Get Report initial public offering. The excitement of having the first crypto company IPO also led bitcoin’s price to hit a new all-time high of $64,804.\nHowever, the direct listing of Coinbase also had a lukewarm reception from stock investors. More recently, there was a lot of fear and uncertainty spreading on social media due to various factors, including (rumors of) the U.S. Treasury taking legal action against certain financial institutions for money laundering, which turned out to be false information. Other than that, CNBC was recirculating news about the crypto ban in India, Turkey banning crypto payments, President Biden proposing a higher capital gains tax, and China bitcoin miners losing power.\nThe selloff happened during the weekend when there were thinner order books. 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.\nNaturally, the market also needs to correct itself, because there were many over-leveraged traders. It is also important to note that bitcoin options expire towards the end of every month, which usually causes increased volatility in the last week of each month.\nTheStreet:Do you see the decline as a chance for people to get into it at a cheaper price?\nOng:It depends on that person and their goals. The profiles of buyers today are very different before, when it was mostly libertarians. Today. it’s U.S. institutions, and soon it will be governments.\nIf the time horizon is more than five years, then there is no need to look at price movements each day. Have a long-term horizon, choose an exposure of your net worth that you are comfortable with, and hold for the long term. We are still in the early innings of bitcoin adoption, and we foresee tremendous growth potential in the years to come.\nTheStreet:What did you make of Coinbase's IPO and subsequent move downward?\nOng:Coinbase had a pretty decent performance with regards to direct listing performance in comparison to other companies. It was just the unusually high expectation from the crypto space with regards to its price.\nThere were also ongoing debates on how Coinbase should be valued, because it operates in a cyclical market and might face increased competition in the future.\nTheStreet:It seems you have two parallel views of bitcoin and other crypto that's not tethered to another currency: One, you have people who want to use it as a currency and for privacy. And, two, you have people who are solely looking at it as an investment. How does the latter affect the former? Can it rise to a point where it's only really useful for investment?\nOng:You are raising a good point here, because bitcoin was originally envisioned to be a peer-to-peer currency for everyone. However, since its inception, there have been various debates in regards to bitcoin’s role.\nI would say its purpose has now evolved to become a store of value and is becoming a viable alternative to replace gold. In fact, this appears to align with China’s stance, as it recently recognized that crypto assets are also an alternative form of investment. This is significant, because the Chinese government has always shunned crypto assets.\nMeanwhile, stablecoins such as USDT and USDC are seeing increased adoption as a form of payment currency.\nTheStreet:Is there anything you want to add?\nOng:Bitcoin’s correction is becoming more pronounced even though it is essential for sustained market growth. We are now experiencing 20%-30% drawdowns on an almost monthly basis. Although the overall macro trend remains bullish, we see an increase in the number of liquidations by traders who over-leverage themselves.\nIt is important to understand that while leverage opportunities like margin trading or futures offer the potential for more gains, the associated risk is also very high. Be sure that you have time, resources, and lots of knowledge before dabbling in leverages.\nI highly recommend that people set reasonable timeframes and financial goals that work for themselves and ensure that they do plenty of research.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4133701,"gmtCreate":1619400469916,"gmtModify":1680785600854,"authorId":3572482309404214,"author":{"id":3572482309404214,"idStr":"3572482309404214","authorId":3572482309404214,"name":"DericPiew","avatar":"https://static.tigerbbs.com/75ccf79ff136db80eba96ff2adb91032","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":374004859,"type":1,"supId":4133671,"prevId":0,"content":"done","text":"done","html":"done"},{"id":4133716,"gmtCreate":1619400539157,"gmtModify":1680785600298,"authorId":3554958921608603,"author":{"id":3554958921608603,"idStr":"3554958921608603","authorId":3554958921608603,"name":"AS78","avatar":"https://community-static.tradeup.com/news/d392d10a42f496e319268418e7602694","vip":1,"crmLevel":6,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":3572482309404214,"repliedAuthor":{"id":3572482309404214,"idStr":"3572482309404214","authorId":3572482309404214,"name":"DericPiew","avatar":"https://static.tigerbbs.com/75ccf79ff136db80eba96ff2adb91032","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"objectId":374004859,"type":1,"supId":4133671,"prevId":4133701,"content":"Thanks ya ","text":"Thanks ya ","html":"Thanks ya "},{"id":4133671,"gmtCreate":1619400384211,"gmtModify":1680785598686,"authorId":3554958921608603,"author":{"id":3554958921608603,"idStr":"3554958921608603","authorId":3554958921608603,"name":"AS78","avatar":"https://community-static.tradeup.com/news/d392d10a42f496e319268418e7602694","vip":1,"crmLevel":6,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":374004859,"type":1,"supId":0,"prevId":0,"content":"Done. Please like and comment back, thanks&nbsp; [开心] [龇牙]","text":"Done. Please like and comment back, thanks&nbsp; [开心] [龇牙]","html":"Done. Please like and comment back, thanks&nbsp; [开心] [龇牙]"},{"id":4133641,"gmtCreate":1619400283714,"gmtModify":1680785587653,"authorId":3554887433065819,"author":{"id":3554887433065819,"idStr":"3554887433065819","authorId":3554887433065819,"name":"WoBuZhiDao","avatar":"https://static.tigerbbs.com/979eba89f1c5251b4aa4e0f0f6c10daa","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":374004859,"type":1,"supId":0,"prevId":0,"content":"And reply my comment too thank:)","text":"And reply my comment too thank:)","html":"And reply my comment too thank:)"}],"langContent":"EN"},{"id":374004370,"gmtCreate":1619400247990,"gmtModify":1704723218907,"author":{"id":"3549753214776437","authorId":"3549753214776437","name":"五指神獭","avatar":"https://static.tigerbbs.com/6bcfed8048a3809a7af76678043890a9","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3549753214776437","idStr":"3549753214776437"},"htmlText":"Insightful&nbsp;","listText":"Insightful&nbsp;","text":"Insightful","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/374004370","repostId":1112623830,"repostType":4,"repost":{"id":"1112623830","kind":"news","pubTimestamp":1619399934,"share":"https://ttm.financial/m/news/1112623830?lang=&edition=fundamental","pubTime":"2021-04-26 09:18","market":"us","language":"en","title":"Bitcoin's Tumble, Explained","url":"https://stock-news.laohu8.com/highlight/detail?id=1112623830","media":"thestreet","summary":"Bitcoin fell dramatically in late April, sinking from its mid-month high of around $64,000 to Sunday","content":"Bitcoin fell dramatically in late April, sinking from its mid-month high of around $64,000 to Sunday morning when it was hovering around $50,000. Here, we talk with&nbsp;Bobby Ong, CoinGecko's chief operating officer, about the move down. CoinGecko is one of the&nbsp;largest independent cryptocurrency data aggregators.\nThe following interview was conducted over email over last week as bitcoin had already begun its decline.\nTheStreet:Despite bitcoin's known volatility, it seems some people were caught off guard by the decline in bitcoin over the past week. Was that just par for the course -- normal volatility -- of something else?\nOng:The recent bloodbath on April 18 saw a record of approximately $9.77 billion worth of futures contracts liquidated in just 24 hours. There was already a massive amount of leverage in the market in anticipation of the Coinbase&nbsp;(COIN) -Get Report&nbsp;initial public offering. The excitement of having the first crypto company IPO also led bitcoin’s price to hit a new all-time high of $64,804.\nHowever, the direct listing of Coinbase also had a lukewarm reception from stock investors. More recently, there was a lot of fear and uncertainty spreading on social media due to various factors, including (rumors of)&nbsp;the U.S. Treasury taking legal action against certain financial institutions for money laundering, which turned out to be false information. Other than that, CNBC was recirculating news about the crypto ban in India, Turkey banning crypto payments, President Biden proposing a higher capital gains tax, and China bitcoin miners losing power.\nThe selloff happened during the weekend when there were thinner order books. 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.\nNaturally, the market also needs to correct itself, because there were many over-leveraged traders. It is also important to note that bitcoin options expire towards the end of every month, which usually causes increased volatility in the last week of each month.\nTheStreet:Do you see the decline as a chance for people to get into it at a cheaper price?\nOng:It depends on that person and their goals. The profiles of buyers today are very different before, when it was mostly libertarians. Today. it’s U.S. institutions, and soon it will be governments.\nIf the time horizon is more than five years, then there is no need to look at price movements each day. Have a long-term horizon, choose an exposure of your net worth that you are comfortable with, and hold for the long term. We are still in the early innings of bitcoin adoption, and we foresee tremendous growth potential in the years to come.\nTheStreet:What did you make of Coinbase's IPO and subsequent move downward?\nOng:Coinbase had a pretty decent performance with regards to direct listing performance in comparison to other companies. It was just the unusually high expectation from the crypto space with regards to its price.\nThere were also ongoing debates on how Coinbase should be valued, because it operates in a cyclical market and might face increased competition in the future.\nTheStreet:It seems you have two parallel views of bitcoin and other crypto that's not tethered to another currency: One, you have people who want to use it as a currency and for privacy. And, two, you have people who are solely looking at it as an investment. How does the latter affect the former? Can it rise to a point where it's only really useful for investment?\nOng:You are raising a good point here, because bitcoin was originally envisioned to be a peer-to-peer currency for everyone. However, since its inception, there have been various debates in regards to bitcoin’s role.\nI would say its purpose has now evolved to become a store of value and is becoming a viable alternative to replace gold. In fact, this appears to align with China’s stance, as it recently recognized that crypto assets are also an alternative form of investment. This is significant, because the Chinese government has always shunned crypto assets.\nMeanwhile, stablecoins such as USDT and USDC are seeing increased adoption as a form of payment currency.\nTheStreet:Is there anything you want to add?\nOng:Bitcoin’s correction is becoming more pronounced even though it is essential for sustained market growth. We are now experiencing 20%-30% drawdowns on an almost monthly basis. Although the overall macro trend remains bullish, we see an increase in the number of liquidations by traders who over-leverage themselves.\nIt is important to understand that while leverage opportunities like margin trading or futures offer the potential for more gains, the associated risk is also very high. Be sure that you have time, resources, and lots of knowledge before dabbling in leverages.\nI highly recommend that people set reasonable timeframes and financial goals that work for themselves and ensure that they do plenty of research.","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's Tumble, Explained</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's Tumble, Explained\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-26 09:18 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/investing/bitcoin/bitcoins-tumble-explained>thestreet</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nBitcoin fell dramatically in late April, sinking from its mid-month high of around $64,000 to Sunday morning when it was hovering around $50,000. Here, we talk with Bobby Ong, CoinGecko's chief ...\n\n<a href=\"https://www.thestreet.com/investing/bitcoin/bitcoins-tumble-explained\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.thestreet.com/investing/bitcoin/bitcoins-tumble-explained","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1112623830","content_text":"Bitcoin fell dramatically in late April, sinking from its mid-month high of around $64,000 to Sunday morning when it was hovering around $50,000. Here, we talk with Bobby Ong, CoinGecko's chief operating officer, about the move down. CoinGecko is one of the largest independent cryptocurrency data aggregators.\nThe following interview was conducted over email over last week as bitcoin had already begun its decline.\nTheStreet:Despite bitcoin's known volatility, it seems some people were caught off guard by the decline in bitcoin over the past week. Was that just par for the course -- normal volatility -- of something else?\nOng:The recent bloodbath on April 18 saw a record of approximately $9.77 billion worth of futures contracts liquidated in just 24 hours. There was already a massive amount of leverage in the market in anticipation of the Coinbase (COIN) -Get Report initial public offering. The excitement of having the first crypto company IPO also led bitcoin’s price to hit a new all-time high of $64,804.\nHowever, the direct listing of Coinbase also had a lukewarm reception from stock investors. More recently, there was a lot of fear and uncertainty spreading on social media due to various factors, including (rumors of) the U.S. Treasury taking legal action against certain financial institutions for money laundering, which turned out to be false information. Other than that, CNBC was recirculating news about the crypto ban in India, Turkey banning crypto payments, President Biden proposing a higher capital gains tax, and China bitcoin miners losing power.\nThe selloff happened during the weekend when there were thinner order books. 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.\nNaturally, the market also needs to correct itself, because there were many over-leveraged traders. It is also important to note that bitcoin options expire towards the end of every month, which usually causes increased volatility in the last week of each month.\nTheStreet:Do you see the decline as a chance for people to get into it at a cheaper price?\nOng:It depends on that person and their goals. The profiles of buyers today are very different before, when it was mostly libertarians. Today. it’s U.S. institutions, and soon it will be governments.\nIf the time horizon is more than five years, then there is no need to look at price movements each day. Have a long-term horizon, choose an exposure of your net worth that you are comfortable with, and hold for the long term. We are still in the early innings of bitcoin adoption, and we foresee tremendous growth potential in the years to come.\nTheStreet:What did you make of Coinbase's IPO and subsequent move downward?\nOng:Coinbase had a pretty decent performance with regards to direct listing performance in comparison to other companies. It was just the unusually high expectation from the crypto space with regards to its price.\nThere were also ongoing debates on how Coinbase should be valued, because it operates in a cyclical market and might face increased competition in the future.\nTheStreet:It seems you have two parallel views of bitcoin and other crypto that's not tethered to another currency: One, you have people who want to use it as a currency and for privacy. And, two, you have people who are solely looking at it as an investment. How does the latter affect the former? Can it rise to a point where it's only really useful for investment?\nOng:You are raising a good point here, because bitcoin was originally envisioned to be a peer-to-peer currency for everyone. However, since its inception, there have been various debates in regards to bitcoin’s role.\nI would say its purpose has now evolved to become a store of value and is becoming a viable alternative to replace gold. In fact, this appears to align with China’s stance, as it recently recognized that crypto assets are also an alternative form of investment. This is significant, because the Chinese government has always shunned crypto assets.\nMeanwhile, stablecoins such as USDT and USDC are seeing increased adoption as a form of payment currency.\nTheStreet:Is there anything you want to add?\nOng:Bitcoin’s correction is becoming more pronounced even though it is essential for sustained market growth. We are now experiencing 20%-30% drawdowns on an almost monthly basis. Although the overall macro trend remains bullish, we see an increase in the number of liquidations by traders who over-leverage themselves.\nIt is important to understand that while leverage opportunities like margin trading or futures offer the potential for more gains, the associated risk is also very high. Be sure that you have time, resources, and lots of knowledge before dabbling in leverages.\nI highly recommend that people set reasonable timeframes and financial goals that work for themselves and ensure that they do plenty of research.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":374002068,"gmtCreate":1619400153154,"gmtModify":1704723216803,"author":{"id":"3574639507377836","authorId":"3574639507377836","name":"Kikiooi","avatar":"https://static.tigerbbs.com/81135f833a61d8d0899dff1c77b07e72","vip":1,"crmLevel":5,"crmLevelSwitch":0,"authorIdStr":"3574639507377836","idStr":"3574639507377836"},"htmlText":"Good adjustment&nbsp;","listText":"Good adjustment&nbsp;","text":"Good adjustment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/374002068","repostId":1112623830,"repostType":4,"repost":{"id":"1112623830","kind":"news","pubTimestamp":1619399934,"share":"https://ttm.financial/m/news/1112623830?lang=&edition=fundamental","pubTime":"2021-04-26 09:18","market":"us","language":"en","title":"Bitcoin's Tumble, Explained","url":"https://stock-news.laohu8.com/highlight/detail?id=1112623830","media":"thestreet","summary":"Bitcoin fell dramatically in late April, sinking from its mid-month high of around $64,000 to Sunday","content":"Bitcoin fell dramatically in late April, sinking from its mid-month high of around $64,000 to Sunday morning when it was hovering around $50,000. Here, we talk with&nbsp;Bobby Ong, CoinGecko's chief operating officer, about the move down. CoinGecko is one of the&nbsp;largest independent cryptocurrency data aggregators.\nThe following interview was conducted over email over last week as bitcoin had already begun its decline.\nTheStreet:Despite bitcoin's known volatility, it seems some people were caught off guard by the decline in bitcoin over the past week. Was that just par for the course -- normal volatility -- of something else?\nOng:The recent bloodbath on April 18 saw a record of approximately $9.77 billion worth of futures contracts liquidated in just 24 hours. There was already a massive amount of leverage in the market in anticipation of the Coinbase&nbsp;(COIN) -Get Report&nbsp;initial public offering. The excitement of having the first crypto company IPO also led bitcoin’s price to hit a new all-time high of $64,804.\nHowever, the direct listing of Coinbase also had a lukewarm reception from stock investors. More recently, there was a lot of fear and uncertainty spreading on social media due to various factors, including (rumors of)&nbsp;the U.S. Treasury taking legal action against certain financial institutions for money laundering, which turned out to be false information. Other than that, CNBC was recirculating news about the crypto ban in India, Turkey banning crypto payments, President Biden proposing a higher capital gains tax, and China bitcoin miners losing power.\nThe selloff happened during the weekend when there were thinner order books. 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.\nNaturally, the market also needs to correct itself, because there were many over-leveraged traders. It is also important to note that bitcoin options expire towards the end of every month, which usually causes increased volatility in the last week of each month.\nTheStreet:Do you see the decline as a chance for people to get into it at a cheaper price?\nOng:It depends on that person and their goals. The profiles of buyers today are very different before, when it was mostly libertarians. Today. it’s U.S. institutions, and soon it will be governments.\nIf the time horizon is more than five years, then there is no need to look at price movements each day. Have a long-term horizon, choose an exposure of your net worth that you are comfortable with, and hold for the long term. We are still in the early innings of bitcoin adoption, and we foresee tremendous growth potential in the years to come.\nTheStreet:What did you make of Coinbase's IPO and subsequent move downward?\nOng:Coinbase had a pretty decent performance with regards to direct listing performance in comparison to other companies. It was just the unusually high expectation from the crypto space with regards to its price.\nThere were also ongoing debates on how Coinbase should be valued, because it operates in a cyclical market and might face increased competition in the future.\nTheStreet:It seems you have two parallel views of bitcoin and other crypto that's not tethered to another currency: One, you have people who want to use it as a currency and for privacy. And, two, you have people who are solely looking at it as an investment. How does the latter affect the former? Can it rise to a point where it's only really useful for investment?\nOng:You are raising a good point here, because bitcoin was originally envisioned to be a peer-to-peer currency for everyone. However, since its inception, there have been various debates in regards to bitcoin’s role.\nI would say its purpose has now evolved to become a store of value and is becoming a viable alternative to replace gold. In fact, this appears to align with China’s stance, as it recently recognized that crypto assets are also an alternative form of investment. This is significant, because the Chinese government has always shunned crypto assets.\nMeanwhile, stablecoins such as USDT and USDC are seeing increased adoption as a form of payment currency.\nTheStreet:Is there anything you want to add?\nOng:Bitcoin’s correction is becoming more pronounced even though it is essential for sustained market growth. We are now experiencing 20%-30% drawdowns on an almost monthly basis. Although the overall macro trend remains bullish, we see an increase in the number of liquidations by traders who over-leverage themselves.\nIt is important to understand that while leverage opportunities like margin trading or futures offer the potential for more gains, the associated risk is also very high. Be sure that you have time, resources, and lots of knowledge before dabbling in leverages.\nI highly recommend that people set reasonable timeframes and financial goals that work for themselves and ensure that they do plenty of research.","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's Tumble, Explained</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's Tumble, Explained\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-26 09:18 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/investing/bitcoin/bitcoins-tumble-explained>thestreet</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nBitcoin fell dramatically in late April, sinking from its mid-month high of around $64,000 to Sunday morning when it was hovering around $50,000. Here, we talk with Bobby Ong, CoinGecko's chief ...\n\n<a href=\"https://www.thestreet.com/investing/bitcoin/bitcoins-tumble-explained\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.thestreet.com/investing/bitcoin/bitcoins-tumble-explained","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1112623830","content_text":"Bitcoin fell dramatically in late April, sinking from its mid-month high of around $64,000 to Sunday morning when it was hovering around $50,000. Here, we talk with Bobby Ong, CoinGecko's chief operating officer, about the move down. CoinGecko is one of the largest independent cryptocurrency data aggregators.\nThe following interview was conducted over email over last week as bitcoin had already begun its decline.\nTheStreet:Despite bitcoin's known volatility, it seems some people were caught off guard by the decline in bitcoin over the past week. Was that just par for the course -- normal volatility -- of something else?\nOng:The recent bloodbath on April 18 saw a record of approximately $9.77 billion worth of futures contracts liquidated in just 24 hours. There was already a massive amount of leverage in the market in anticipation of the Coinbase (COIN) -Get Report initial public offering. The excitement of having the first crypto company IPO also led bitcoin’s price to hit a new all-time high of $64,804.\nHowever, the direct listing of Coinbase also had a lukewarm reception from stock investors. More recently, there was a lot of fear and uncertainty spreading on social media due to various factors, including (rumors of) the U.S. Treasury taking legal action against certain financial institutions for money laundering, which turned out to be false information. Other than that, CNBC was recirculating news about the crypto ban in India, Turkey banning crypto payments, President Biden proposing a higher capital gains tax, and China bitcoin miners losing power.\nThe selloff happened during the weekend when there were thinner order books. 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.\nNaturally, the market also needs to correct itself, because there were many over-leveraged traders. It is also important to note that bitcoin options expire towards the end of every month, which usually causes increased volatility in the last week of each month.\nTheStreet:Do you see the decline as a chance for people to get into it at a cheaper price?\nOng:It depends on that person and their goals. The profiles of buyers today are very different before, when it was mostly libertarians. Today. it’s U.S. institutions, and soon it will be governments.\nIf the time horizon is more than five years, then there is no need to look at price movements each day. Have a long-term horizon, choose an exposure of your net worth that you are comfortable with, and hold for the long term. We are still in the early innings of bitcoin adoption, and we foresee tremendous growth potential in the years to come.\nTheStreet:What did you make of Coinbase's IPO and subsequent move downward?\nOng:Coinbase had a pretty decent performance with regards to direct listing performance in comparison to other companies. It was just the unusually high expectation from the crypto space with regards to its price.\nThere were also ongoing debates on how Coinbase should be valued, because it operates in a cyclical market and might face increased competition in the future.\nTheStreet:It seems you have two parallel views of bitcoin and other crypto that's not tethered to another currency: One, you have people who want to use it as a currency and for privacy. And, two, you have people who are solely looking at it as an investment. How does the latter affect the former? Can it rise to a point where it's only really useful for investment?\nOng:You are raising a good point here, because bitcoin was originally envisioned to be a peer-to-peer currency for everyone. However, since its inception, there have been various debates in regards to bitcoin’s role.\nI would say its purpose has now evolved to become a store of value and is becoming a viable alternative to replace gold. In fact, this appears to align with China’s stance, as it recently recognized that crypto assets are also an alternative form of investment. This is significant, because the Chinese government has always shunned crypto assets.\nMeanwhile, stablecoins such as USDT and USDC are seeing increased adoption as a form of payment currency.\nTheStreet:Is there anything you want to add?\nOng:Bitcoin’s correction is becoming more pronounced even though it is essential for sustained market growth. We are now experiencing 20%-30% drawdowns on an almost monthly basis. Although the overall macro trend remains bullish, we see an increase in the number of liquidations by traders who over-leverage themselves.\nIt is important to understand that while leverage opportunities like margin trading or futures offer the potential for more gains, the associated risk is also very high. Be sure that you have time, resources, and lots of knowledge before dabbling in leverages.\nI highly recommend that people set reasonable timeframes and financial goals that work for themselves and ensure that they do plenty of research.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":374006088,"gmtCreate":1619400067544,"gmtModify":1704723214531,"author":{"id":"3576451483053184","authorId":"3576451483053184","name":"Bbloh","avatar":"https://static.tigerbbs.com/e3242b5b662e707b1a33137bbe4c8494","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3576451483053184","idStr":"3576451483053184"},"htmlText":"[Facepalm]&nbsp;","listText":"[Facepalm]&nbsp;","text":"[Facepalm]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/374006088","repostId":1112623830,"repostType":4,"repost":{"id":"1112623830","kind":"news","pubTimestamp":1619399934,"share":"https://ttm.financial/m/news/1112623830?lang=&edition=fundamental","pubTime":"2021-04-26 09:18","market":"us","language":"en","title":"Bitcoin's Tumble, Explained","url":"https://stock-news.laohu8.com/highlight/detail?id=1112623830","media":"thestreet","summary":"Bitcoin fell dramatically in late April, sinking from its mid-month high of around $64,000 to Sunday","content":"Bitcoin fell dramatically in late April, sinking from its mid-month high of around $64,000 to Sunday morning when it was hovering around $50,000. Here, we talk with&nbsp;Bobby Ong, CoinGecko's chief operating officer, about the move down. CoinGecko is one of the&nbsp;largest independent cryptocurrency data aggregators.\nThe following interview was conducted over email over last week as bitcoin had already begun its decline.\nTheStreet:Despite bitcoin's known volatility, it seems some people were caught off guard by the decline in bitcoin over the past week. Was that just par for the course -- normal volatility -- of something else?\nOng:The recent bloodbath on April 18 saw a record of approximately $9.77 billion worth of futures contracts liquidated in just 24 hours. There was already a massive amount of leverage in the market in anticipation of the Coinbase&nbsp;(COIN) -Get Report&nbsp;initial public offering. The excitement of having the first crypto company IPO also led bitcoin’s price to hit a new all-time high of $64,804.\nHowever, the direct listing of Coinbase also had a lukewarm reception from stock investors. More recently, there was a lot of fear and uncertainty spreading on social media due to various factors, including (rumors of)&nbsp;the U.S. Treasury taking legal action against certain financial institutions for money laundering, which turned out to be false information. Other than that, CNBC was recirculating news about the crypto ban in India, Turkey banning crypto payments, President Biden proposing a higher capital gains tax, and China bitcoin miners losing power.\nThe selloff happened during the weekend when there were thinner order books. 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.\nNaturally, the market also needs to correct itself, because there were many over-leveraged traders. It is also important to note that bitcoin options expire towards the end of every month, which usually causes increased volatility in the last week of each month.\nTheStreet:Do you see the decline as a chance for people to get into it at a cheaper price?\nOng:It depends on that person and their goals. The profiles of buyers today are very different before, when it was mostly libertarians. Today. it’s U.S. institutions, and soon it will be governments.\nIf the time horizon is more than five years, then there is no need to look at price movements each day. Have a long-term horizon, choose an exposure of your net worth that you are comfortable with, and hold for the long term. We are still in the early innings of bitcoin adoption, and we foresee tremendous growth potential in the years to come.\nTheStreet:What did you make of Coinbase's IPO and subsequent move downward?\nOng:Coinbase had a pretty decent performance with regards to direct listing performance in comparison to other companies. It was just the unusually high expectation from the crypto space with regards to its price.\nThere were also ongoing debates on how Coinbase should be valued, because it operates in a cyclical market and might face increased competition in the future.\nTheStreet:It seems you have two parallel views of bitcoin and other crypto that's not tethered to another currency: One, you have people who want to use it as a currency and for privacy. And, two, you have people who are solely looking at it as an investment. How does the latter affect the former? Can it rise to a point where it's only really useful for investment?\nOng:You are raising a good point here, because bitcoin was originally envisioned to be a peer-to-peer currency for everyone. However, since its inception, there have been various debates in regards to bitcoin’s role.\nI would say its purpose has now evolved to become a store of value and is becoming a viable alternative to replace gold. In fact, this appears to align with China’s stance, as it recently recognized that crypto assets are also an alternative form of investment. This is significant, because the Chinese government has always shunned crypto assets.\nMeanwhile, stablecoins such as USDT and USDC are seeing increased adoption as a form of payment currency.\nTheStreet:Is there anything you want to add?\nOng:Bitcoin’s correction is becoming more pronounced even though it is essential for sustained market growth. We are now experiencing 20%-30% drawdowns on an almost monthly basis. Although the overall macro trend remains bullish, we see an increase in the number of liquidations by traders who over-leverage themselves.\nIt is important to understand that while leverage opportunities like margin trading or futures offer the potential for more gains, the associated risk is also very high. Be sure that you have time, resources, and lots of knowledge before dabbling in leverages.\nI highly recommend that people set reasonable timeframes and financial goals that work for themselves and ensure that they do plenty of research.","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's Tumble, Explained</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's Tumble, Explained\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-26 09:18 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/investing/bitcoin/bitcoins-tumble-explained>thestreet</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nBitcoin fell dramatically in late April, sinking from its mid-month high of around $64,000 to Sunday morning when it was hovering around $50,000. Here, we talk with Bobby Ong, CoinGecko's chief ...\n\n<a href=\"https://www.thestreet.com/investing/bitcoin/bitcoins-tumble-explained\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.thestreet.com/investing/bitcoin/bitcoins-tumble-explained","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1112623830","content_text":"Bitcoin fell dramatically in late April, sinking from its mid-month high of around $64,000 to Sunday morning when it was hovering around $50,000. Here, we talk with Bobby Ong, CoinGecko's chief operating officer, about the move down. CoinGecko is one of the largest independent cryptocurrency data aggregators.\nThe following interview was conducted over email over last week as bitcoin had already begun its decline.\nTheStreet:Despite bitcoin's known volatility, it seems some people were caught off guard by the decline in bitcoin over the past week. Was that just par for the course -- normal volatility -- of something else?\nOng:The recent bloodbath on April 18 saw a record of approximately $9.77 billion worth of futures contracts liquidated in just 24 hours. There was already a massive amount of leverage in the market in anticipation of the Coinbase (COIN) -Get Report initial public offering. The excitement of having the first crypto company IPO also led bitcoin’s price to hit a new all-time high of $64,804.\nHowever, the direct listing of Coinbase also had a lukewarm reception from stock investors. More recently, there was a lot of fear and uncertainty spreading on social media due to various factors, including (rumors of) the U.S. Treasury taking legal action against certain financial institutions for money laundering, which turned out to be false information. Other than that, CNBC was recirculating news about the crypto ban in India, Turkey banning crypto payments, President Biden proposing a higher capital gains tax, and China bitcoin miners losing power.\nThe selloff happened during the weekend when there were thinner order books. 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.\nNaturally, the market also needs to correct itself, because there were many over-leveraged traders. It is also important to note that bitcoin options expire towards the end of every month, which usually causes increased volatility in the last week of each month.\nTheStreet:Do you see the decline as a chance for people to get into it at a cheaper price?\nOng:It depends on that person and their goals. The profiles of buyers today are very different before, when it was mostly libertarians. Today. it’s U.S. institutions, and soon it will be governments.\nIf the time horizon is more than five years, then there is no need to look at price movements each day. Have a long-term horizon, choose an exposure of your net worth that you are comfortable with, and hold for the long term. We are still in the early innings of bitcoin adoption, and we foresee tremendous growth potential in the years to come.\nTheStreet:What did you make of Coinbase's IPO and subsequent move downward?\nOng:Coinbase had a pretty decent performance with regards to direct listing performance in comparison to other companies. It was just the unusually high expectation from the crypto space with regards to its price.\nThere were also ongoing debates on how Coinbase should be valued, because it operates in a cyclical market and might face increased competition in the future.\nTheStreet:It seems you have two parallel views of bitcoin and other crypto that's not tethered to another currency: One, you have people who want to use it as a currency and for privacy. And, two, you have people who are solely looking at it as an investment. How does the latter affect the former? Can it rise to a point where it's only really useful for investment?\nOng:You are raising a good point here, because bitcoin was originally envisioned to be a peer-to-peer currency for everyone. However, since its inception, there have been various debates in regards to bitcoin’s role.\nI would say its purpose has now evolved to become a store of value and is becoming a viable alternative to replace gold. In fact, this appears to align with China’s stance, as it recently recognized that crypto assets are also an alternative form of investment. This is significant, because the Chinese government has always shunned crypto assets.\nMeanwhile, stablecoins such as USDT and USDC are seeing increased adoption as a form of payment currency.\nTheStreet:Is there anything you want to add?\nOng:Bitcoin’s correction is becoming more pronounced even though it is essential for sustained market growth. We are now experiencing 20%-30% drawdowns on an almost monthly basis. Although the overall macro trend remains bullish, we see an increase in the number of liquidations by traders who over-leverage themselves.\nIt is important to understand that while leverage opportunities like margin trading or futures offer the potential for more gains, the associated risk is also very high. Be sure that you have time, resources, and lots of knowledge before dabbling in leverages.\nI highly recommend that people set reasonable timeframes and financial goals that work for themselves and ensure that they do plenty of research.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":374008682,"gmtCreate":1619400034046,"gmtModify":1704723213883,"author":{"id":"3578969648963961","authorId":"3578969648963961","name":"Boo2bear","avatar":"https://static.tigerbbs.com/209ae746c8124fe2d5f79aee784d2fcc","vip":1,"crmLevel":4,"crmLevelSwitch":0,"authorIdStr":"3578969648963961","idStr":"3578969648963961"},"htmlText":"Anyone buying here?&nbsp;","listText":"Anyone buying here?&nbsp;","text":"Anyone buying here?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/374008682","repostId":1112623830,"repostType":4,"repost":{"id":"1112623830","kind":"news","pubTimestamp":1619399934,"share":"https://ttm.financial/m/news/1112623830?lang=&edition=fundamental","pubTime":"2021-04-26 09:18","market":"us","language":"en","title":"Bitcoin's Tumble, Explained","url":"https://stock-news.laohu8.com/highlight/detail?id=1112623830","media":"thestreet","summary":"Bitcoin fell dramatically in late April, sinking from its mid-month high of around $64,000 to Sunday","content":"Bitcoin fell dramatically in late April, sinking from its mid-month high of around $64,000 to Sunday morning when it was hovering around $50,000. Here, we talk with&nbsp;Bobby Ong, CoinGecko's chief operating officer, about the move down. CoinGecko is one of the&nbsp;largest independent cryptocurrency data aggregators.\nThe following interview was conducted over email over last week as bitcoin had already begun its decline.\nTheStreet:Despite bitcoin's known volatility, it seems some people were caught off guard by the decline in bitcoin over the past week. Was that just par for the course -- normal volatility -- of something else?\nOng:The recent bloodbath on April 18 saw a record of approximately $9.77 billion worth of futures contracts liquidated in just 24 hours. There was already a massive amount of leverage in the market in anticipation of the Coinbase&nbsp;(COIN) -Get Report&nbsp;initial public offering. The excitement of having the first crypto company IPO also led bitcoin’s price to hit a new all-time high of $64,804.\nHowever, the direct listing of Coinbase also had a lukewarm reception from stock investors. More recently, there was a lot of fear and uncertainty spreading on social media due to various factors, including (rumors of)&nbsp;the U.S. Treasury taking legal action against certain financial institutions for money laundering, which turned out to be false information. Other than that, CNBC was recirculating news about the crypto ban in India, Turkey banning crypto payments, President Biden proposing a higher capital gains tax, and China bitcoin miners losing power.\nThe selloff happened during the weekend when there were thinner order books. 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.\nNaturally, the market also needs to correct itself, because there were many over-leveraged traders. It is also important to note that bitcoin options expire towards the end of every month, which usually causes increased volatility in the last week of each month.\nTheStreet:Do you see the decline as a chance for people to get into it at a cheaper price?\nOng:It depends on that person and their goals. The profiles of buyers today are very different before, when it was mostly libertarians. Today. it’s U.S. institutions, and soon it will be governments.\nIf the time horizon is more than five years, then there is no need to look at price movements each day. Have a long-term horizon, choose an exposure of your net worth that you are comfortable with, and hold for the long term. We are still in the early innings of bitcoin adoption, and we foresee tremendous growth potential in the years to come.\nTheStreet:What did you make of Coinbase's IPO and subsequent move downward?\nOng:Coinbase had a pretty decent performance with regards to direct listing performance in comparison to other companies. It was just the unusually high expectation from the crypto space with regards to its price.\nThere were also ongoing debates on how Coinbase should be valued, because it operates in a cyclical market and might face increased competition in the future.\nTheStreet:It seems you have two parallel views of bitcoin and other crypto that's not tethered to another currency: One, you have people who want to use it as a currency and for privacy. And, two, you have people who are solely looking at it as an investment. How does the latter affect the former? Can it rise to a point where it's only really useful for investment?\nOng:You are raising a good point here, because bitcoin was originally envisioned to be a peer-to-peer currency for everyone. However, since its inception, there have been various debates in regards to bitcoin’s role.\nI would say its purpose has now evolved to become a store of value and is becoming a viable alternative to replace gold. In fact, this appears to align with China’s stance, as it recently recognized that crypto assets are also an alternative form of investment. This is significant, because the Chinese government has always shunned crypto assets.\nMeanwhile, stablecoins such as USDT and USDC are seeing increased adoption as a form of payment currency.\nTheStreet:Is there anything you want to add?\nOng:Bitcoin’s correction is becoming more pronounced even though it is essential for sustained market growth. We are now experiencing 20%-30% drawdowns on an almost monthly basis. Although the overall macro trend remains bullish, we see an increase in the number of liquidations by traders who over-leverage themselves.\nIt is important to understand that while leverage opportunities like margin trading or futures offer the potential for more gains, the associated risk is also very high. Be sure that you have time, resources, and lots of knowledge before dabbling in leverages.\nI highly recommend that people set reasonable timeframes and financial goals that work for themselves and ensure that they do plenty of research.","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's Tumble, Explained</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's Tumble, Explained\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-26 09:18 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/investing/bitcoin/bitcoins-tumble-explained>thestreet</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nBitcoin fell dramatically in late April, sinking from its mid-month high of around $64,000 to Sunday morning when it was hovering around $50,000. Here, we talk with Bobby Ong, CoinGecko's chief ...\n\n<a href=\"https://www.thestreet.com/investing/bitcoin/bitcoins-tumble-explained\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.thestreet.com/investing/bitcoin/bitcoins-tumble-explained","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1112623830","content_text":"Bitcoin fell dramatically in late April, sinking from its mid-month high of around $64,000 to Sunday morning when it was hovering around $50,000. Here, we talk with Bobby Ong, CoinGecko's chief operating officer, about the move down. CoinGecko is one of the largest independent cryptocurrency data aggregators.\nThe following interview was conducted over email over last week as bitcoin had already begun its decline.\nTheStreet:Despite bitcoin's known volatility, it seems some people were caught off guard by the decline in bitcoin over the past week. Was that just par for the course -- normal volatility -- of something else?\nOng:The recent bloodbath on April 18 saw a record of approximately $9.77 billion worth of futures contracts liquidated in just 24 hours. There was already a massive amount of leverage in the market in anticipation of the Coinbase (COIN) -Get Report initial public offering. The excitement of having the first crypto company IPO also led bitcoin’s price to hit a new all-time high of $64,804.\nHowever, the direct listing of Coinbase also had a lukewarm reception from stock investors. More recently, there was a lot of fear and uncertainty spreading on social media due to various factors, including (rumors of) the U.S. Treasury taking legal action against certain financial institutions for money laundering, which turned out to be false information. Other than that, CNBC was recirculating news about the crypto ban in India, Turkey banning crypto payments, President Biden proposing a higher capital gains tax, and China bitcoin miners losing power.\nThe selloff happened during the weekend when there were thinner order books. 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.\nNaturally, the market also needs to correct itself, because there were many over-leveraged traders. It is also important to note that bitcoin options expire towards the end of every month, which usually causes increased volatility in the last week of each month.\nTheStreet:Do you see the decline as a chance for people to get into it at a cheaper price?\nOng:It depends on that person and their goals. The profiles of buyers today are very different before, when it was mostly libertarians. Today. it’s U.S. institutions, and soon it will be governments.\nIf the time horizon is more than five years, then there is no need to look at price movements each day. Have a long-term horizon, choose an exposure of your net worth that you are comfortable with, and hold for the long term. We are still in the early innings of bitcoin adoption, and we foresee tremendous growth potential in the years to come.\nTheStreet:What did you make of Coinbase's IPO and subsequent move downward?\nOng:Coinbase had a pretty decent performance with regards to direct listing performance in comparison to other companies. It was just the unusually high expectation from the crypto space with regards to its price.\nThere were also ongoing debates on how Coinbase should be valued, because it operates in a cyclical market and might face increased competition in the future.\nTheStreet:It seems you have two parallel views of bitcoin and other crypto that's not tethered to another currency: One, you have people who want to use it as a currency and for privacy. And, two, you have people who are solely looking at it as an investment. How does the latter affect the former? Can it rise to a point where it's only really useful for investment?\nOng:You are raising a good point here, because bitcoin was originally envisioned to be a peer-to-peer currency for everyone. However, since its inception, there have been various debates in regards to bitcoin’s role.\nI would say its purpose has now evolved to become a store of value and is becoming a viable alternative to replace gold. In fact, this appears to align with China’s stance, as it recently recognized that crypto assets are also an alternative form of investment. This is significant, because the Chinese government has always shunned crypto assets.\nMeanwhile, stablecoins such as USDT and USDC are seeing increased adoption as a form of payment currency.\nTheStreet:Is there anything you want to add?\nOng:Bitcoin’s correction is becoming more pronounced even though it is essential for sustained market growth. We are now experiencing 20%-30% drawdowns on an almost monthly basis. Although the overall macro trend remains bullish, we see an increase in the number of liquidations by traders who over-leverage themselves.\nIt is important to understand that while leverage opportunities like margin trading or futures offer the potential for more gains, the associated risk is also very high. Be sure that you have time, resources, and lots of knowledge before dabbling in leverages.\nI highly recommend that people set reasonable timeframes and financial goals that work for themselves and ensure that they do plenty of research.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4133672,"gmtCreate":1619400385169,"gmtModify":1680785600237,"authorId":3578969648963961,"author":{"id":3578969648963961,"idStr":"3578969648963961","authorId":3578969648963961,"name":"Boo2bear","avatar":"https://static.tigerbbs.com/209ae746c8124fe2d5f79aee784d2fcc","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":374008682,"type":1,"supId":4133607,"prevId":0,"content":"Pls like my post. Thanks","text":"Pls like my post. Thanks","html":"Pls like my post. Thanks"},{"id":4133607,"gmtCreate":1619400165609,"gmtModify":1680785592355,"authorId":3574639507377836,"author":{"id":3574639507377836,"idStr":"3574639507377836","authorId":3574639507377836,"name":"Kikiooi","avatar":"https://static.tigerbbs.com/81135f833a61d8d0899dff1c77b07e72","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":374008682,"type":1,"supId":0,"prevId":0,"content":"Not yet ","text":"Not yet ","html":"Not yet "}],"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":41,"commentSize":18,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}