Bitcoin experienced yet another surge, hitting a new record high of over $51,200 USD experiencing what analysts are calling a “parabolic advance“.
Bitcoin hits new all-time high
Bitcoin broke above $50,000 USD for the first time ever on Tuesday and is now sitting just above that at above $51,045 USD at the time of writing. According to trading analyst Peter Brandt, this break stands as its third parabolic advance in the past ten years of the token’s life. Noting that this scale is “extremely rare”, he drew reference to the history of Bitcoin charting the trends of the cryptocurrency:
Big picture $BTC
Bitcoin is undergoing its third parabolic advance in the past decade. A parabolic advance on an arithmetic scale is extremely rare – three on a log scale is historic pic.twitter.com/fyyM5Ws6N5
— Peter Brandt (@PeterLBrandt) February 16, 2021
Bitcoin surges, the rest of the market showing red
While Bitcoin is showing bullish gains, the rest of the cryptocurrency is taking a while to catch up on the increase. Often the overall market is influenced by the leading cryptocurrency Bitcoin. With over 62% dominance in the market, Bitcoin is thriving and it’s likely that the rest of the market will see green.
It’s worthwhile noting that the price of the leading altcoins is in regions of their recorded all-time high values too. Ethereum is currently sitting at just below $1,800 USD and analysts are predicting it’s only going to see more value within the upcoming weeks. Just recently, Ethereum broke the $200 billion USD market cap, a figure unprecedented by both the altcoin market as well as traditional companies such as Novartis and AT&T. This is inherently bullish, but looking at the market cap as a metric for achievement has received criticism from several within the community.
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To call yourself an investor means that you have some investment purpose, and you make an investment decision based on your expectations of that benefit. To be very literal, investing means making an investment in a fixed asset. For example, if I were to sell my stock holdings to invest for tomorrow, it would be considered an investment. Therefore, to say that we are all investors means that we, as individuals, have an investment purpose or expectation.
In general, the most common types of investments are stocks, bonds, and mutual funds. Stocks are instruments that provide immediate or future return. For example, if I owned 100 stocks, I can buy and sell them today and earn some profit. Most stocks are traded publicly, so it is easy to follow the movement of prices. Although stocks come with risks, they also offer a wide range of potential return.
Bond interest payments are another type of investment. Typically, people will own bonds and use them as safety in case interest rates fall. Bond interest payments are also tax-deferred, so they are not taxable until they are earned. Unlike stocks, bonds typically cannot be sold until they are fully paid off. This ensures long-term safety for the holder, even if interest rates fall.
Mutual funds are popular types of investment, because they combine stocks and bonds into a single managed fund. As in a mutual fund, in each fund, investors take a stake in a number of different companies. Funds are designed to be flexible, with minimum and maximum investment limits. For example, some funds to allow the stocks to vary in price, allowing investors to buy low and sell high at a profit. Another feature is set up to allow investors who do not want to have complete control over their portfolio, giving them the ability to “buy in” and out, at a set limit.
Another common type of investment is real estate, which can be used to increase your overall value in your property. Real estate investments can be used for both residential and commercial purposes. It is important to remember that the returns on real estate are slow, with profits only coming through rental income. Most homes, however, will produce more profits than other investments, but there is also potential for substantial losses.
Other types of investment include precious metals, such as gold, silver, platinum, and palladium. With precious metals, you may also want to look into investing in gemstones, such as rubies or emeralds. You can make money buying and selling gemstones, because the prices increase over time. Other valuable assets can include stamps, bonds, and coins. The bottom line is that there are a variety of different assets you can invest in, depending on what your personal tastes and financial needs are.