Category: Investing & Trading

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Guide to Cryptocurrency Volatility

Digiconomist April 22, 2014 Investing & Trading

Cryptocurrencies are considered (one of) the highest-risk investments you can make. This risk is reflected in the volatility of their value.

Exchanges Cut Off from funding

Digiconomist April 10, 2014 Investing & Trading

Some Chinese exchanges have started to receive official shutdown notices from banks stating that they have to stop Bitcoin related business by April 15, 2014.

Vircurex becomes insolvent

Digiconomist March 23, 2014 Investing & Trading

More bad news concerning cryptocurrency exchanges: Vircurex has announced it will freeze all current BTC, LTC, FTC and TRC balances. This means they are now effectively insolvent.

The importance and risks of advanced trading order types

Digiconomist March 21, 2014 Investing & Trading

In volatile markets, advanced trading order types can be very useful in limiting potential losses. There are, however, some things to consider when using these.

Why traders do not like price volatility

Digiconomist March 18, 2014 Investing & Trading

It is common knowledge that cryptocurrency prices are very volatile, but what is the direct impact of high volatility for those trading cryptocurrencies?

Digiconomist

@DigiEconomist

#Bitcoin is no safe haven, and as the #BTC price plunges the coming block reward halving could become increasingly troublesome. The more market pressure on the mining industry; the bigger the hit to the network’s computational power at the time of the halving.

12:40 pm · February 28, 2020

Digiconomist

@DigiEconomist

@OhGodAGirl You cannot fix the fundamentally flawed incentives in proof-of-work in general by switching to a different version of the same thing. GPU mining already takes place in a similar (centralized) industrial scale as ASIC mining; it’s just basic economies of scale.

9:17 pm · February 27, 2020

Digiconomist

@DigiEconomist

The latest #Ethereum Energy Consumption Index is 7.842 TWh per Year/0.73 Mil US households (+0.23%) ethereumenergyconsumption.com 30.7 KWh per unique transaction (powers 1 US household for 1 days) #MakeEthereumSustainable

3:02 pm · February 27, 2020

Digiconomist

@DigiEconomist

#Bitcoin #EWaste Generation is at 10.759 kilotonnes per year (comparable to a country like Luxembourg) bitcoinelectronicwaste.com A footprint of 90.7 grams per unique transaction (equal to the weight of 1.4 'C'-size batteries or 2 golf balls) #MakeBitcoinSustainable

2:33 pm · February 26, 2020

Mike Dudas

@mdudas

sAfE hAvEn pic.twitter.com/dHxSG9hnbw

10:29 pm · February 25, 2020 ·

Retweeted by Digiconomist

Digiconomist

@DigiEconomist

It’s no surprise they end up using the type that is the most disliked by everybody. Coal power provides a constant supply, is readily available and possibly at very low rates since the rest of the world doesn’t want it anymore.

6:05 pm · February 25, 2020

Digiconomist

@DigiEconomist

Realistically these authorities are spending more effort on addressing their seasonal shortages - during periods when miners are too busy leeching some other location as shortages result in high rates. 😑

6:04 pm · February 25, 2020

Digiconomist

@DigiEconomist

They don’t have the commitment to be reliable long-term partners, nor the ability given their extreme dependence on BTC price volatility. But somehow this would convince local authorities to invest in more energy projects they don’t really need in the first place.

6:04 pm · February 25, 2020

Digiconomist

@DigiEconomist

@fiege_max Always been amazed at the mental gymnastics required to suggest that BTC mining somehow contributes to long-term renewable energy projects. These companies are parasites that stick around only for your seasonal excesses at best.

6:04 pm · February 25, 2020

Maximilian

@fiege_max

“In Kazakhstan, coal-fired power costs as little as $0.001 per kilowatt-hour because of the abundant coal source there” BTC mining gives new lifeblood to fading fossil fuel infrastructure. It doesn’t compel anyone to build out new renewable power generation. twitter.com/decryptmedia/s…

5:34 pm · February 25, 2020 ·

Retweeted by Digiconomist