Punk Crypto News

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Federal judge bars SBF from contacting FTX and Alameda employees, using Signal

A federal judge presiding over the criminal case against former FTX chief executive officer Sam Bankman-Fried has ordered he no...

Web3 could seize on the decades-old software-as-a-service business model

In the era of services like Netflix, Dropbox or Amazon Prime, it’s quite easy to forget about the times when customers were get...

Bitcoin advocate Najah Roberts explains why BTC is a tool for empowerment

If you ask 10 people what Bitcoin’s original purpose is, at least one person will say it’s meant to cut out the middleman, redu...

Bitcoin awaits Fed Powell speech as sellers cement $23.5K resistance

Bitcoin (BTC) preserved its active trading range into the Feb. 1 Wall Street open as markets looked to the day’s key macroecono...

Hall of Flame – Cointelegraph Magazine

Name: Tiffany FongAnonymous: No Twitter followers: 51.7K Known for: Breaking leaked info on Celsius and interviewing Sam Bankma...

How to improve your coding skills using ChatGPT

As a language model, ChatGPT is primarily used for natural language processing tasks such as text generation and language under...

FTX debtors seek subpoenas for inner circle of Sam Bankman-Fried

A motion filed in the United States Bankruptcy Court for the District of Delaware seeks to glean valuable information from the ...

9-year-old Henry takes BTC to the classroom

A nine-year-old boy’s efforts show that Bitcoin (BTC) is for everyone and Bitcoin education is for all ages. Henry, who l...
February 1, 2023

Binance delves into decentralized Web3 storage with BNB Greenfield

BNB Chain, a blockchain platform launched by crypto exchange Binance, revealed interest in building a blockchain-based Web3 inf...

Is Buying Bitcoin Safe?

No investment is without risk, but investing in bitcoin carries different risks and responsibilities compared to traditional investments of stocks, bonds and funds. And the bitcoin investor plays a big role in keeping their bitcoin safe. Many investors piled into bitcoin after it broke the $20,000 barrier in December 2020 and continued its bull run into April, when the spot price surged above $64,000. But in the months after, the price began a long decline, with the spot price falling below $32,000 by early June. Longtime investors in cryptocurrency had seen this before. Bitcoin reached its previous record high in December 2017, when the spot price came near $20,000, and one year later the spot price was below $3,400. So when investing in bitcoin, understand that the value can drop quickly — and may take years to regain previous highs.

Investing in bitcoin and other cryptocurrencies can be risky

Risk is inherent in any investment, but especially with bitcoin and other emerging cryptocurrencies. It’s important to take the long view with your investments, to keep your overall portfolio in balance, and never to purchase more bitcoin (or any single company stock, or other standalone investment) than you can afford to lose.

Advantages of Bitcoin?

There are many pros and cons of Bitcoin, and it is important to understand what advantages this cryptocurrency can bring. There are top 4 advantages: 1. Accessibility and Liquidity 2. User Anonymity and Transparency 3. Independence From Central Authority 4. High Return Potential However, always do your own research and make sure you are aware of the risks and cons as well.