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- ec_2008ec_2008
  ·2021-05-25
  Wow nice
  Yuan jumps to 3-yr high, investors wary of PBOC pressure
  SHANGHAI, May 25 (Reuters) - China's yuan jumped to a near three-year high against a weaker dollar o
  Yuan jumps to 3-yr high, investors wary of PBOC pressure
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- ec_2008ec_2008
  ·2021-05-25
  Nice
  Crypto investors to Elon Musk: Please stop tweeting!
  New York (CNN Business)The prices of bitcoin, dogecoin and other digital currencies have plunged mor
  Crypto investors to Elon Musk: Please stop tweeting!
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- ec_2008ec_2008
  ·2021-05-25
  ?
  Wall Street Considers "The Flippening"
  Bitcoin Versus Ethereum In a post a couple weeks ago (Tesla Stops Taking Bitcoin), we wrote that Elo
  Wall Street Considers "The Flippening"
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China's yuan jumped to a near three-year high against a weaker dollar o","content":"<p>SHANGHAI, May 25 (Reuters) - China's yuan jumped to a near three-year high against a weaker dollar on Tuesday, although investors are now gauging the central bank's tolerance for a firmer currency before chasing new highs.</p><p>The onshore yuan opened at 6.4110 per dollar and jumped to a high of 6.4030, the strongest level since June 2018 and a tad below the psychologically important 6.4 per dollar level.</p><p>By midday, it was changing hands at 6.4117, 83 pips firmer than the previous late session close.</p><p>\"The RMB still sees the firmest appreciation pressure, and this translates to the 6.4000 being still in the spotlight,\" strategists at OCBC Bank said in a note.</p><p>Several traders said the yuan's strength reflected the greenback's overnight weakness following softer-than-expected U.S. data and affirmations from Federal Reserve officials that policy would stay on hold.</p><p>But the onshore spot yuan was stuck at around 6.41 per dollar level after leaps in initial trade as investors worried a too rapid rise in the currency could prompt state-run banks to step in to rein in strength.</p><p>Rapid yuan moves in either direction are not ideal for the central bank, said a trader at a Chinese bank.</p><p>Many analysts and economists said a too strong yuan could hurt the country's exporters despite external trade remaining resilient in the first quarter of this year.</p><p>\"In our view, the People's Bank of China (PBOC) is aware of the RMB appreciation risk given slowing China (economic) growth momentum in Q1 and still uneven recovery,\" said Ken Cheung, chief Asian FX strategist at Mizuho Bank in Hong Kong.</p><p>\"The CNY fixings in coming days will be monitored for any PBOC FX policy guidance.\"</p><p>Markets believed that the official midpoint fixing is <a href=\"https://laohu8.com/S/AONE\">one</a> of the key signals showing authorities' attitude toward the yuan's levels. Prior to market opening on Tuesday, the PBOC set the midpoint rate    at 6.4283 per dollar, 125 pips or 0.19% firmer than the previous fix of 6.4408. It was 23 pips weaker than Reuters' estimate of 6.426.</p><p>The PBOC over the weekend urgently reiterated no change to the currency policy after comments from central bank researchers that had unnerved the market.</p><p>One researcher felt China should free up the exchange rate over time to support wider global adoption of the currency, while another said the exchange rate target could be dropped to allow further strengthening to offset rising commodity prices.</p><p>The offshore yuan    also followed its onshore counterpart's appreciation in morning trade to test the key 6.4 per dollar level. It jumped to a high of 6.4010 before trading at 6.406 per dollar as of midday.</p><p>The global dollar index fell to 89.759 at midday from the previous close of 89.855.</p><p>Divergence of the dollar/yuan exchange rate. Negative number indicates that spot yuan is trading stronger than the midpoint. The People's Bank of China (PBOC) allows the exchange rate to rise or fall 2% from official midpoint rate it sets each morning.</p><p>(Reporting by Winni Zhou and Andrew Galbraith; Editing by Sam Holmes)</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Yuan jumps to 3-yr high, investors wary of PBOC pressure</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; 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}\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\">\nYuan jumps to 3-yr high, investors wary of PBOC pressure\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-05-25 12:52</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>SHANGHAI, May 25 (Reuters) - China's yuan jumped to a near three-year high against a weaker dollar on Tuesday, although investors are now gauging the central bank's tolerance for a firmer currency before chasing new highs.</p><p>The onshore yuan opened at 6.4110 per dollar and jumped to a high of 6.4030, the strongest level since June 2018 and a tad below the psychologically important 6.4 per dollar level.</p><p>By midday, it was changing hands at 6.4117, 83 pips firmer than the previous late session close.</p><p>\"The RMB still sees the firmest appreciation pressure, and this translates to the 6.4000 being still in the spotlight,\" strategists at OCBC Bank said in a note.</p><p>Several traders said the yuan's strength reflected the greenback's overnight weakness following softer-than-expected U.S. data and affirmations from Federal Reserve officials that policy would stay on hold.</p><p>But the onshore spot yuan was stuck at around 6.41 per dollar level after leaps in initial trade as investors worried a too rapid rise in the currency could prompt state-run banks to step in to rein in strength.</p><p>Rapid yuan moves in either direction are not ideal for the central bank, said a trader at a Chinese bank.</p><p>Many analysts and economists said a too strong yuan could hurt the country's exporters despite external trade remaining resilient in the first quarter of this year.</p><p>\"In our view, the People's Bank of China (PBOC) is aware of the RMB appreciation risk given slowing China (economic) growth momentum in Q1 and still uneven recovery,\" said Ken Cheung, chief Asian FX strategist at Mizuho Bank in Hong Kong.</p><p>\"The CNY fixings in coming days will be monitored for any PBOC FX policy guidance.\"</p><p>Markets believed that the official midpoint fixing is <a href=\"https://laohu8.com/S/AONE\">one</a> of the key signals showing authorities' attitude toward the yuan's levels. Prior to market opening on Tuesday, the PBOC set the midpoint rate    at 6.4283 per dollar, 125 pips or 0.19% firmer than the previous fix of 6.4408. It was 23 pips weaker than Reuters' estimate of 6.426.</p><p>The PBOC over the weekend urgently reiterated no change to the currency policy after comments from central bank researchers that had unnerved the market.</p><p>One researcher felt China should free up the exchange rate over time to support wider global adoption of the currency, while another said the exchange rate target could be dropped to allow further strengthening to offset rising commodity prices.</p><p>The offshore yuan    also followed its onshore counterpart's appreciation in morning trade to test the key 6.4 per dollar level. It jumped to a high of 6.4010 before trading at 6.406 per dollar as of midday.</p><p>The global dollar index fell to 89.759 at midday from the previous close of 89.855.</p><p>Divergence of the dollar/yuan exchange rate. Negative number indicates that spot yuan is trading stronger than the midpoint. The People's Bank of China (PBOC) allows the exchange rate to rise or fall 2% from official midpoint rate it sets each morning.</p><p>(Reporting by Winni Zhou and Andrew Galbraith; Editing by Sam Holmes)</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CYB":"人民币ETF-WisdomTree Dreyfus"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2138816831","content_text":"SHANGHAI, May 25 (Reuters) - China's yuan jumped to a near three-year high against a weaker dollar on Tuesday, although investors are now gauging the central bank's tolerance for a firmer currency before chasing new highs.The onshore yuan opened at 6.4110 per dollar and jumped to a high of 6.4030, the strongest level since June 2018 and a tad below the psychologically important 6.4 per dollar level.By midday, it was changing hands at 6.4117, 83 pips firmer than the previous late session close.\"The RMB still sees the firmest appreciation pressure, and this translates to the 6.4000 being still in the spotlight,\" strategists at OCBC Bank said in a note.Several traders said the yuan's strength reflected the greenback's overnight weakness following softer-than-expected U.S. data and affirmations from Federal Reserve officials that policy would stay on hold.But the onshore spot yuan was stuck at around 6.41 per dollar level after leaps in initial trade as investors worried a too rapid rise in the currency could prompt state-run banks to step in to rein in strength.Rapid yuan moves in either direction are not ideal for the central bank, said a trader at a Chinese bank.Many analysts and economists said a too strong yuan could hurt the country's exporters despite external trade remaining resilient in the first quarter of this year.\"In our view, the People's Bank of China (PBOC) is aware of the RMB appreciation risk given slowing China (economic) growth momentum in Q1 and still uneven recovery,\" said Ken Cheung, chief Asian FX strategist at Mizuho Bank in Hong Kong.\"The CNY fixings in coming days will be monitored for any PBOC FX policy guidance.\"Markets believed that the official midpoint fixing is one of the key signals showing authorities' attitude toward the yuan's levels. Prior to market opening on Tuesday, the PBOC set the midpoint rate    at 6.4283 per dollar, 125 pips or 0.19% firmer than the previous fix of 6.4408. It was 23 pips weaker than Reuters' estimate of 6.426.The PBOC over the weekend urgently reiterated no change to the currency policy after comments from central bank researchers that had unnerved the market.One researcher felt China should free up the exchange rate over time to support wider global adoption of the currency, while another said the exchange rate target could be dropped to allow further strengthening to offset rising commodity prices.The offshore yuan    also followed its onshore counterpart's appreciation in morning trade to test the key 6.4 per dollar level. It jumped to a high of 6.4010 before trading at 6.406 per dollar as of midday.The global dollar index fell to 89.759 at midday from the previous close of 89.855.Divergence of the dollar/yuan exchange rate. Negative number indicates that spot yuan is trading stronger than the midpoint. The People's Bank of China (PBOC) allows the exchange rate to rise or fall 2% from official midpoint rate it sets each morning.(Reporting by Winni Zhou and Andrew Galbraith; Editing by Sam Holmes)","news_type":1},"isVote":1,"tweetType":1,"viewCount":272,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":138376926,"gmtCreate":1621914008265,"gmtModify":1704364353537,"author":{"id":"3583926059514630","authorId":"3583926059514630","name":"ec_2008","avatar":"https://static.tigerbbs.com/85dfc3b23967eda164dd1565e73eee59","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583926059514630","authorIdStr":"3583926059514630"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/138376926","repostId":"1147970797","repostType":4,"repost":{"id":"1147970797","pubTimestamp":1621911827,"share":"https://ttm.financial/m/news/1147970797?lang=&edition=fundamental","pubTime":"2021-05-25 11:03","market":"us","language":"en","title":"Crypto investors to Elon Musk: Please stop tweeting!","url":"https://stock-news.laohu8.com/highlight/detail?id=1147970797","media":"CNN","summary":"New York (CNN Business)The prices of bitcoin, dogecoin and other digital currencies have plunged mor","content":"<p>New York (CNN Business)The prices of bitcoin, dogecoin and other digital currencies have plunged more than 40% in recent weeks. While Elon Musk isn't the only reason for the crypto carnage, he certainly isn't helping.</p><p>Whether it's going on \"Saturday Night Live\" and joking that dogecoin is a \"hustle\" or having his epiphany that bitcoin mining may not be great for the environment, Musk's behavior has cryptocurrency bulls wishing he would stop tweeting and focus more on building cars instead.</p><p>Bitcoin (XBT) fans are tired of Musk exerting so much influence over the near-term price movements of seemingly all cryptocurrencies.</p><p>\"People who followed Musk blindly have lost a lot of money. They may have gotten burned and never come back,\" said Alex Mashinsky, CEO and founder of Celsius, a crypto lending platform that offers digital tokens as rewards to customers — similar to a publicly traded company paying a dividend.</p><p>\"The crypto community needs to be more responsible in how it explains these assets and the risk,\" Mashinsky added. \"Pundits kept saying we'd never see a down market for bitcoin again because of institutional interest, Square and PayPal, etc. When you hear that, you have to worry.\"</p><p>Investors and analysts are particularly irked by that all cryptocurrencies have been rising and falling with bitcoin and dogecoin — in part due to Musk making flip-flopping remarks about them. Some crypto investors are also annoyed, to put it mildly, that a comment from Musk can move prices so wildly.</p><p>\"Musk is very calculated,\" said Eloisa Marchesoni, an angel investor and cryptocurrency consultant. \"People are angry.\"</p><p>Tesla did not respond to requests for comment about Musk's thoughts on bitcon, dogecoin and other cryptocurrencies. But Musk hasn't been silent on Twitter — and, for the time being, he seems bullish.</p><p><b>Musk still tweeting about crypto</b></p><p>In one tweet early Monday morning, Musk shared a parody of the famous movie poster of \"Jaws.\"</p><p>A crumpled dollar was the substitute for the hapless swimmer about to get attacked, and the infamous shark was replaced with a giant dog. DOGE appeared in big red letters at the top, with the caption \"You'll never use the dollar again.\"</p><p>Musk also responded to a Twitter follower on Saturday who asked him: \"what do you think about the peeps who are angry at you because of crypto?\" Musk said that \"the true battle is between fiat &amp; crypto. On balance, I support the latter.\"</p><p>Musk isn't the only reason for the sell-off. Also contributing to the slide are fears of stricter regulations in China (where many bitcoin mines operate) as well as the potential for more taxes on cryptos in the United States.</p><p>But Musk's constant chatter about crypto may be confusing some investors.</p><p>They may not realize there are different use cases for bitcoin, which many investors treat as sort of an inflation hedge (aka digital gold) as opposed to the second largest crypto ethereum, whose blockchain is used for many non-fungible token (NFT) transactions that are becoming increasingly popular in the art and collectbles world.</p><p><b>Laugh at the meme coins...but don't buy them</b></p><p>Good luck finding anyone with a convincing argument for why dogecoin and other joke currencies like shiba inu coin are needed for anything.</p><p>\"I still don't understand what Musk's perspective on dogecoin is and I don't think the world does either. Why does he think it's valuable?\" said Megan Kaspar, managing director with Magnetic, a cryptocurrency investing firm.</p><p>\"Institutional investors are very thoughtful and are not buying dogecoin just because Musk is pumping it. But retail investors, who are not doing this for a living, may not be,\" she added.</p><p>Marchesoni urged long-term investors, the so-called HODLer faithful, to tune out Musk and focus on bitcoin, ethereum and other prominent coins like cardano and XRP.</p><p>\"There is nothing to be worried about if you are a HODLer,\" Marchesoni said. \"But if you are a small investor, you are going to get burned unless you stay away from the meme coins.\"</p><p>\"The bubble will burst. It always happens with new assets. It will pop and we're not yet at the climax,\" she warned.</p><p>Mashinsky, the Celsius crypto lending platform founder, agreed that casual investors may soon grow tired of the volatility in cryptocurrencies — leaving only long-term bulls who love that digital money is not tied to the whims of government-backed central banks, unlike paper currencies.</p><p><b>So long to the casual crypto investors?</b></p><p>\"We're getting a flushing out of all the crypto tourists,\" Mashinsky said. \"Many of them are not here buying because they believe in financial freedom or long-term diversification. They're just trying to make a quick ride.\"</p><p>That's why some experts are also urging investors to look at so-called stablecoins such as tether, USD Coin and binance USD. These are cryptocurrencies pegged to the value of the dollar, euro and other forms of fiat money, as a way to hedge their bets.</p><p>\"Stablecoins are asset-backed, so there is less volatility but they can help mitigate inflation pressure,\" said Ken Nakamura, CEO of GMO-Z.com Trust Company, which launched the world's first regulated stablecoin that is pegged to the Japanese yen.</p><p>But make no mistake: Bitcoin and other cryptos are still relatively young assets when compared to stocks, bonds and physical commodities and currencies. Most cryptocurrencies are likely to be volatile investments for the foreseeable future, especially if Musk doesn't put his phone down.</p><p>\"There is headline risk for cryptocurrencies and Musk is the poster child for that. What he says still matters...at least for now,\" said Ed Egilinsky, managing director and head of alternative investments at Direxion.</p><p>\"Investors have to consider why they are buying. Hopefully, it's to diversify,\" Egilinsky said. \"But there's not a long enough history to say that bitcoin or others are at true inflation hedge. This is still more like speculative momentum trading.\"</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Crypto investors to Elon Musk: Please stop tweeting!</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\">\nCrypto investors to Elon Musk: Please stop tweeting!\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-25 11:03 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://edition.cnn.com/2021/05/24/investing/elon-musk-bitcoin-dogecoin-tesla/index.html><strong>CNN</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>New York (CNN Business)The prices of bitcoin, dogecoin and other digital currencies have plunged more than 40% in recent weeks. While Elon Musk isn't the only reason for the crypto carnage, he ...</p>\n\n<a href=\"https://edition.cnn.com/2021/05/24/investing/elon-musk-bitcoin-dogecoin-tesla/index.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","GBTC":"Grayscale Bitcoin Trust","COIN":"Coinbase Global, Inc."},"source_url":"https://edition.cnn.com/2021/05/24/investing/elon-musk-bitcoin-dogecoin-tesla/index.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1147970797","content_text":"New York (CNN Business)The prices of bitcoin, dogecoin and other digital currencies have plunged more than 40% in recent weeks. While Elon Musk isn't the only reason for the crypto carnage, he certainly isn't helping.Whether it's going on \"Saturday Night Live\" and joking that dogecoin is a \"hustle\" or having his epiphany that bitcoin mining may not be great for the environment, Musk's behavior has cryptocurrency bulls wishing he would stop tweeting and focus more on building cars instead.Bitcoin (XBT) fans are tired of Musk exerting so much influence over the near-term price movements of seemingly all cryptocurrencies.\"People who followed Musk blindly have lost a lot of money. They may have gotten burned and never come back,\" said Alex Mashinsky, CEO and founder of Celsius, a crypto lending platform that offers digital tokens as rewards to customers — similar to a publicly traded company paying a dividend.\"The crypto community needs to be more responsible in how it explains these assets and the risk,\" Mashinsky added. \"Pundits kept saying we'd never see a down market for bitcoin again because of institutional interest, Square and PayPal, etc. When you hear that, you have to worry.\"Investors and analysts are particularly irked by that all cryptocurrencies have been rising and falling with bitcoin and dogecoin — in part due to Musk making flip-flopping remarks about them. Some crypto investors are also annoyed, to put it mildly, that a comment from Musk can move prices so wildly.\"Musk is very calculated,\" said Eloisa Marchesoni, an angel investor and cryptocurrency consultant. \"People are angry.\"Tesla did not respond to requests for comment about Musk's thoughts on bitcon, dogecoin and other cryptocurrencies. But Musk hasn't been silent on Twitter — and, for the time being, he seems bullish.Musk still tweeting about cryptoIn one tweet early Monday morning, Musk shared a parody of the famous movie poster of \"Jaws.\"A crumpled dollar was the substitute for the hapless swimmer about to get attacked, and the infamous shark was replaced with a giant dog. DOGE appeared in big red letters at the top, with the caption \"You'll never use the dollar again.\"Musk also responded to a Twitter follower on Saturday who asked him: \"what do you think about the peeps who are angry at you because of crypto?\" Musk said that \"the true battle is between fiat & crypto. On balance, I support the latter.\"Musk isn't the only reason for the sell-off. Also contributing to the slide are fears of stricter regulations in China (where many bitcoin mines operate) as well as the potential for more taxes on cryptos in the United States.But Musk's constant chatter about crypto may be confusing some investors.They may not realize there are different use cases for bitcoin, which many investors treat as sort of an inflation hedge (aka digital gold) as opposed to the second largest crypto ethereum, whose blockchain is used for many non-fungible token (NFT) transactions that are becoming increasingly popular in the art and collectbles world.Laugh at the meme coins...but don't buy themGood luck finding anyone with a convincing argument for why dogecoin and other joke currencies like shiba inu coin are needed for anything.\"I still don't understand what Musk's perspective on dogecoin is and I don't think the world does either. Why does he think it's valuable?\" said Megan Kaspar, managing director with Magnetic, a cryptocurrency investing firm.\"Institutional investors are very thoughtful and are not buying dogecoin just because Musk is pumping it. But retail investors, who are not doing this for a living, may not be,\" she added.Marchesoni urged long-term investors, the so-called HODLer faithful, to tune out Musk and focus on bitcoin, ethereum and other prominent coins like cardano and XRP.\"There is nothing to be worried about if you are a HODLer,\" Marchesoni said. \"But if you are a small investor, you are going to get burned unless you stay away from the meme coins.\"\"The bubble will burst. It always happens with new assets. It will pop and we're not yet at the climax,\" she warned.Mashinsky, the Celsius crypto lending platform founder, agreed that casual investors may soon grow tired of the volatility in cryptocurrencies — leaving only long-term bulls who love that digital money is not tied to the whims of government-backed central banks, unlike paper currencies.So long to the casual crypto investors?\"We're getting a flushing out of all the crypto tourists,\" Mashinsky said. \"Many of them are not here buying because they believe in financial freedom or long-term diversification. They're just trying to make a quick ride.\"That's why some experts are also urging investors to look at so-called stablecoins such as tether, USD Coin and binance USD. These are cryptocurrencies pegged to the value of the dollar, euro and other forms of fiat money, as a way to hedge their bets.\"Stablecoins are asset-backed, so there is less volatility but they can help mitigate inflation pressure,\" said Ken Nakamura, CEO of GMO-Z.com Trust Company, which launched the world's first regulated stablecoin that is pegged to the Japanese yen.But make no mistake: Bitcoin and other cryptos are still relatively young assets when compared to stocks, bonds and physical commodities and currencies. Most cryptocurrencies are likely to be volatile investments for the foreseeable future, especially if Musk doesn't put his phone down.\"There is headline risk for cryptocurrencies and Musk is the poster child for that. What he says still matters...at least for now,\" said Ed Egilinsky, managing director and head of alternative investments at Direxion.\"Investors have to consider why they are buying. Hopefully, it's to diversify,\" Egilinsky said. \"But there's not a long enough history to say that bitcoin or others are at true inflation hedge. This is still more like speculative momentum trading.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":148,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":138351578,"gmtCreate":1621912328494,"gmtModify":1704364324670,"author":{"id":"3583926059514630","authorId":"3583926059514630","name":"ec_2008","avatar":"https://static.tigerbbs.com/85dfc3b23967eda164dd1565e73eee59","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583926059514630","authorIdStr":"3583926059514630"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/138351578","repostId":"1189462673","repostType":4,"repost":{"id":"1189462673","pubTimestamp":1621912062,"share":"https://ttm.financial/m/news/1189462673?lang=&edition=fundamental","pubTime":"2021-05-25 11:07","market":"us","language":"en","title":"Wall Street Considers \"The Flippening\"","url":"https://stock-news.laohu8.com/highlight/detail?id=1189462673","media":"zerohedge","summary":"Bitcoin Versus Ethereum\nIn a post a couple weeks ago (Tesla Stops Taking Bitcoin), we wrote that Elo","content":"<p>Bitcoin Versus Ethereum</p>\n<p>In a post a couple weeks ago (Tesla Stops Taking Bitcoin), we wrote that Elon Musk would likely switch to buying Ether in the future:</p>\n<blockquote>\n Our guess is Musk won't be buying Bitcoin next, but Ethereum [technically, Ethereum's cryptocurrency is called Ether]. One reason is that, as our Twitter correspondent Anatoly Karlin&nbsp;reminded&nbsp;us, Ethereum is moving to a proof-of-stake approach, which may require&nbsp;99% less energy&nbsp;than the proof-of-work approach Bitcoin uses to verify transactions. The other reason is that Roko Mijic is a huge Ethereum bull, who thinks it will exceed Bitcoin's price.Recall that, as we mentioned in a post last week (Rotation Or Simulation?), in&nbsp;an odd twist&nbsp;suggesting this all might be a simulation, Roko Mijic is responsible for creating the happy family below.\n</blockquote>\n<p><b>Goldman Sees Possibility Of \"The Flippening\"</b></p>\n<p>It looks like Roko Mijic's prediction of a 50x move in Ethereum was premature (to say the least) but now Goldman Sachs has embraced the possibility of&nbsp;the flippening, Etherium's cryptocurrency outpacing Bitcoin by market cap. Via ZeroHedge (The Amazon Of Information):</p>\n<blockquote>\n <b>We therefore see a high likelihood that bitcoin will eventually lose its crown as the dominant digital store of value to another cryptocurrency with greater practical use and technological agility.</b>Ether [Ethereum's cryptocurrency] looks like the most likely candidate today to overtake bitcoin, but that outcome is far from certain.\n</blockquote>\n<p>ZeroHedge notes that JP Morgan is similarly bullish on Ethereum and that, taken together, Goldman and JP Morgan represent the institutional take on crypto. That raises the question, though, of why Ether has crashed harder than Bitcoin during this crypto correction so far.</p>\n<p><b>Still A Couple Of Crypto Names In Our Top Ten</b></p>\n<p>Despite the crypto crash, we still had a couple of crypto-related stocks in the top ten of our daily ranking on Friday, Riot Blockchain (RIOT), and Silvergate Capital (SI).</p>\n<p><img src=\"https://static.tigerbbs.com/9df5087f77ba529239b49eaac8c43b34\" tg-width=\"625\" tg-height=\"520\"><i>Screen capture via&nbsp;Portfolio Armor&nbsp;as of 5/21/2021.</i></p>\n<p>Shopify (SHOP) was one of the first companies to put Bitcoin on its balance sheet, but the fortunes of RIOT and SI are much more closely tied to crypto: RIOT is a Bitcoin miner, and SI runs the&nbsp;Silvergate Exchange&nbsp;which facilitates dollar settlement between cryptocurrency exchanges.</p>\n<p><img src=\"https://static.tigerbbs.com/e293ca2a84123dd6f4e728a551b5f22d\" tg-width=\"635\" tg-height=\"436\">Of the two, RIOT is likely the riskier one, but both of these will tumble further if crypto continues to slide.</p>\n<p><b>More Non-Crypto Inflation Bets</b></p>\n<p>Interestingly, we had more non-crypto names in our top ten on Friday that would seem likely to benefit from continued inflation: the levered short bet on the long bond (TTT), the oil services ETF (OIH), the copper miner Freeport-McMoRan (FCX), and the silver miner First Majestic (AG). Given that the current crypto correction has happened while inflation is heating up, if inflation is your main concern, those names may be worth a closer look.</p>\n<p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Wall Street Considers \"The Flippening\"</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\">\nWall Street Considers \"The Flippening\"\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-25 11:07 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/news/2021-05-24/wall-street-considers-flippening><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Bitcoin Versus Ethereum\nIn a post a couple weeks ago (Tesla Stops Taking Bitcoin), we wrote that Elon Musk would likely switch to buying Ether in the future:\n\n Our guess is Musk won't be buying ...</p>\n\n<a href=\"https://www.zerohedge.com/news/2021-05-24/wall-street-considers-flippening\">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.zerohedge.com/news/2021-05-24/wall-street-considers-flippening","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1189462673","content_text":"Bitcoin Versus Ethereum\nIn a post a couple weeks ago (Tesla Stops Taking Bitcoin), we wrote that Elon Musk would likely switch to buying Ether in the future:\n\n Our guess is Musk won't be buying Bitcoin next, but Ethereum [technically, Ethereum's cryptocurrency is called Ether]. One reason is that, as our Twitter correspondent Anatoly Karlin reminded us, Ethereum is moving to a proof-of-stake approach, which may require 99% less energy than the proof-of-work approach Bitcoin uses to verify transactions. The other reason is that Roko Mijic is a huge Ethereum bull, who thinks it will exceed Bitcoin's price.Recall that, as we mentioned in a post last week (Rotation Or Simulation?), in an odd twist suggesting this all might be a simulation, Roko Mijic is responsible for creating the happy family below.\n\nGoldman Sees Possibility Of \"The Flippening\"\nIt looks like Roko Mijic's prediction of a 50x move in Ethereum was premature (to say the least) but now Goldman Sachs has embraced the possibility of the flippening, Etherium's cryptocurrency outpacing Bitcoin by market cap. Via ZeroHedge (The Amazon Of Information):\n\nWe therefore see a high likelihood that bitcoin will eventually lose its crown as the dominant digital store of value to another cryptocurrency with greater practical use and technological agility.Ether [Ethereum's cryptocurrency] looks like the most likely candidate today to overtake bitcoin, but that outcome is far from certain.\n\nZeroHedge notes that JP Morgan is similarly bullish on Ethereum and that, taken together, Goldman and JP Morgan represent the institutional take on crypto. That raises the question, though, of why Ether has crashed harder than Bitcoin during this crypto correction so far.\nStill A Couple Of Crypto Names In Our Top Ten\nDespite the crypto crash, we still had a couple of crypto-related stocks in the top ten of our daily ranking on Friday, Riot Blockchain (RIOT), and Silvergate Capital (SI).\nScreen capture via Portfolio Armor as of 5/21/2021.\nShopify (SHOP) was one of the first companies to put Bitcoin on its balance sheet, but the fortunes of RIOT and SI are much more closely tied to crypto: RIOT is a Bitcoin miner, and SI runs the Silvergate Exchange which facilitates dollar settlement between cryptocurrency exchanges.\nOf the two, RIOT is likely the riskier one, but both of these will tumble further if crypto continues to slide.\nMore Non-Crypto Inflation Bets\nInterestingly, we had more non-crypto names in our top ten on Friday that would seem likely to benefit from continued inflation: the levered short bet on the long bond (TTT), the oil services ETF (OIH), the copper miner Freeport-McMoRan (FCX), and the silver miner First Majestic (AG). Given that the current crypto correction has happened while inflation is heating up, if inflation is your main concern, those names may be worth a closer look.","news_type":1},"isVote":1,"tweetType":1,"viewCount":168,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"followers","isTTM":true}