Bitcoin price made a firm upward move to push beyond $4,000 and chalk in a high above $4,100 at press time after flirting with the level over the last few days. Trading data from Bitfinex reveals bitcoin trading to the dollar near $3,900 at the start of the day.
Now back above the $4,000 mark, the momentum stuck as trading climbed further for price to register a new 7-day high of $4,112 on Bitstamp.
David Perry plans to end the main operations of TeamCo Advisers LLC by early 2018 and ultimately shut the firm, he told Reuters in an interview, making his San Francisco-based business the latest casualty in the struggling fund of hedge funds industry.
Firms like TeamCo that manage portfolios of hedge funds for wealthy individuals and institutional investors have come under pressure as the performance of their underlying investments has lagged, making it harder for them to justify their extra layer of fees.
Cristiano Ronaldo, said to be the world’s most highly paid football player, is lending his name to promoting contracts for difference (CFDs) derivatives, which regulators across Europe have been seeking to clamp down upon due to the high risk of deep losses to retail investors they can entail.
The mercurial Portugal and Real Madrid forward tweeted his 59 million followers last month to say, “Happy with my new partnership with @EXNESS”.
He also retweeted a statement from Exness in which he says:”It’s an honour to partner with an international company that gives back to the world not only in offering the highest quality of services but also in fostering a socially conscious culture.
Only the fewest traders earn long-term money on the stock market. One of the reasons for this is the indiscriminate or incorrect setting of stops. But how much leeway should you give to a trade and when is it better to get out? There are many myths, some of which are misinterpreted and blindly believed. Traders who have long-term profitability, however, are working on a statistical basis, which we would like to present to you in the following.
This Newsletter has repeatedly brought the attention of readers to the situation of the US dollar and the extreme indebtedness of Washington, which now practically has a national debt of 20 trillion without calculating all the other liabilities. Proposing a defense budget of almost 700 billion to maintain over 800 bases globally is going to help lead to national bankruptcy.
At the end of 2016 (1), I wrote an article about the STOXX Supersector Europe 600 Health Care Index, pointing out that there were technical signs of a possible recovery. I indicated that the Index in July 2016 reached an important high at about 780, and I suggested that this was the level to overcome to have the first confirmation that the healthcare European equity market had regained its strength.
Robert Shiller, the Nobel-winning author who predicted the two biggest speculative markets in recent history, is repeating that bitcoin is in a bubble.
In January 2014 at the World Economic Forum in Davos, Switzerland, he called the cryptocurrency "an amazing example of a bubble," adding that there was "no question about it."
This is, of course, a provocative heading that shoots against successful investors. And it is a thesis, which probably most traders reject. But, in return, we ask the question of the Holy Grail of the trades: Is it really true? If we define this grail as a constantly successful trading system, the consequence is clear: there is no such thing.
