Richardcyoung.com

The Online Home of Author and Investor, Dick Young

  • Home
  • How We Are Different
  • Debbie Young
  • About Us
    • Foundation Principles
    • Contributors
  • Investing
    • You’ve Read The Last Issue of Intelligence Report, Now What?
  • Your Survival Guy
  • The Great Reset
  • The Swiss Way
  • My Rifles
  • Dividends and Compounding
  • Your Security
  • Dick Young
  • Key West
  • Paris
  • Dick’s R&B Top 100
  • Liberty & Freedom Map
  • Bank Credit & Money
  • Your Survival Guy’s Super States
  • NNT & Cholesterol
  • Your Health
  • Ron Paul
  • US Treasury Yield Curve: My Favorite Investor Tool
  • Anti-Gun Control
  • Anti-Digital Currency
  • World Gold Mine Production

Bitcoin Plunge

February 2, 2018 By The Editors

By Puslatronik @ Shutterstock.com

The price of bitcoin is plunging as regulators begin to recognize the real threat alternative currencies pose to their fiat currencies and begin to fire back with restrictions. Between new regulatory scrutiny, and the threat of hacking, bitcoin investors are beginning to find better places for their money elsewhere. The neck-snapping volatility of bitcoin prices must be shocking to some of the late investors who bought when prices were heading up by 20% a day. Steven Russolillo and Kenan Machado report:

The digital currency has now fallen by nearly 60% from a record high of close to $20,000 in December, according to research site CoinDesk Inc. That marks bitcoin’s third biggest drop over the past five years: It fell 76% in the spring of 2013, and 85% from November 2013 to January 2015.

Bitcoin’s sharp swings illustrate just how much the digital currency remains a highly illiquid and volatile investment, particularly relative to stock, bond or currency markets.

In its nine-year history, it has had five peak-to-trough declines of more than 70% apiece, said Charlie Bilello, director of research at New York advisory firm Pension Partners. It fell 94% in less than a month in 2010—and again over a five-month stretch in 2011—but both times bounced back.

The recent decline in some regards feels more severe, as the magnitude of the dollar price drop offers a dose of reality to new investors who poured money into cryptocurrencies during last year’s frenzied rally. Many were drawn to the prospect of investing in currencies outside the control of central banks and governments, but now are having to succumb to market forces.

Read more here.

Related Posts

  • Bitcoin Plunges!
  • Bitcoin Down 70% from High
  • Bitcoin Unreliable?
  • Author
  • Recent Posts
The Editors
Latest posts by The Editors (see all)
  • CRUMBLING EMPIRE: Major Hotel Flees San Francisco as City Suffers - June 8, 2023
  • MUSIC IN DANGER: Is This the Worst Use for AI? - June 8, 2023
  • How Does Wall St. Push Companies to “Go Woke?” - June 7, 2023

Dick Young’s Must Reads

  • Joel Salatin and Alfie Oakes, America’s Food Kings
  • Escape From the City: You’re Going to Like What You See
  • DONBAS: Russian Tanks Face Gauntlet of Death from Javelin Wielding Ukrainians
  • The Three Best Retirement Decisions I Ever Made
  • Washington Is the Systemic Risk
  • To Me There Isn’t a Better Way to Live
  • Is Rutin Useful in Preventing Blood Clots?
  • YOU DESERVE FREEDOM: Your Hard Work Will Make It Happen
  • Paris, The Palace Hotels: Part I
  • ENERGY FREEDOM ACT: Ted Cruz Introduces Bill for Energy Independence

Our Most Popular Posts

  • The Party Is Going Off the Rails
  • June Is Retirement Compounders Month
  • My Nephew Graduates, and I’m Larry the Cable Guy
  • Why Is the Media So Terrified of Robert F. Kennedy Jr.'s Ideas?
  • Is This the Summer of the Tick Fest
  • Your Survival Guy’s Take on ChatGPT and AI
  • The Nickel Pickle from EVs
  • CBDCs Not “Just Another Form of Money”
  • ALLIGATOR MARKET: Calm Surface Hides Danger Below
  • Rewarding Loyalty with Ridicule

Disclosure

RSS Youngresearch.com

  • Starving for Fixed Income? I Can Help
  • SUPER STATE RISING? This State Is Doing All the Right Things
  • China Increases Its Gold Reserves for Seventh Month Straight
  • CROWDING OUT: Government Debt Binge Could Hurt Banks
  • End of ESG?
  • Much Hyped Offshore Wind Project in MA Abandoned
  • Mortgage Demand Drops on Rates, Low Inventory
  • Is China Prepared to Dominate the EV Market?
  • Your Survival Guy’s Take on ChatGPT and AI
  • CBDCs Not “Just Another Form of Money”

RSS Yoursurvivalguy.com

  • RAGE Gauge June: Remember When You Were A Kid and Money Was Free?
  • Your Retirement Life: Striped Bass Fishing off Block Island
  • Artificial Intelligence or Four-Year Olds?
  • Forbes Global 2000: The Bigger They Are, the Harder They Fall?
  • Starving for Fixed Income? I Can Help
  • SUPER STATE RISING? This State Is Doing All the Right Things
  • End of ESG?
  • Your Survival Guy’s Take on ChatGPT and AI
  • ALLIGATOR MARKET: Calm Surface Hides Danger Below
  • My Nephew Graduates, and I’m Larry the Cable Guy

Oh Canada: Wildfires at a Blistering Pace

RAGE Gauge June: Remember When You Were A Kid and Money Was Free?

What Do You Know About Vanguard’s Wellesley Income Fund?

CRUMBLING EMPIRE: Major Hotel Flees San Francisco as City Suffers

MUSIC IN DANGER: Is This the Worst Use for AI?

Crushing the Heretics

Copyright © 2023 | Terms & Conditions | About Us | Dick Young | Archives