According to bitcoin optimists, such dips are great buying opportunities for long-term investors.“For those who have long term investment horizons, bitcoin is absolutely a buy during these dips,” Jehan Chu, co-founder of Kenetic Capital, an investor in blockchain start-ups told CNBC. … [Read more...] about Bitcoin breaks below $8k, wipes out most 2020 gains amid global meltdown
Josh Olszewicz of Brave New Coin suggests a “long squeeze” as there are no RSI or volume divergences at the moment. When long positions start to unwind, a significant price movement downwards will result in an exaggerated move further, he says. … [Read more...] about Bitcoin price rallies 22% over one month; will it reach record-highs in 2020?
Matter of fact, since the beginning of 2020, bitcoin is down over 58% from its high of $10,500. The question now is, does bitcoin bounce back–or does it have further to fall? That’s an even harder question to answer than where the traditional markets go next. Cryptocurrencies are generally much more vulnerable than traditional markets. … [Read more...] about The coronavirus hit the markets hard yesterday, but it was worse for bitcoin
Now, what is the problem for investors with this category? Unless well-researched, it may be hard for investors to pick a fund that is aligned to their objectives. For example, an investor who picks a HDFC or Birla fund from this category thinking that it will contain downsides, may realize that these funds have far higher volatility than peers. Similarly, those who expect equity-like returns may be disappointed as the hedging caps returns in many other funds in this category. For example, when one-year returns were rolled for three years, this category beat the hybrid aggressive category only 40 per cent of the times. Similarly, equity savings funds did a better job of containing downside than the dynamic allocation category. … [Read more...] about Don’t expect equity-like returns from balanced advantage funds
Bank Nifty has formed a long body bearish candle in the week gone by and closed below the crucial support of previous swing low (29,612). Since the majority of the oscillators are in the oversold zone, one relief rally towards 30,000 levels is expected. … [Read more...] about Nifty may rebound to 11,500; bet on DLF, IOC, Maruti for double-digit returns