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| December 13, 2018

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The Heat on Mika Brzezinski Isn’t Going Away

December 13, 2018 |

Mika Brzezinski was not on the air Thursday, a day after she caused a ruckus by referring to Secretary of State Mike Pompeo as a “butt boy.” Her Morning Joe co-host— and husband —Joe Scarborough said Brzezinski was “off with her family, a long-planned family event,” reports Mediaite . Her absence,…
Newser

History Isn’t Boring in Mary Queen of Scots

December 7, 2018 |

History paints them as fierce rivals. Mary Queen of Scots paints Queen Elizabeth I (Margot Robbie) and her cousin, Mary Stuart (Saoirse Ronan), as frenemies hobbled by the cruelty of men in a conflict that comes to threaten Elizabeth’s crown. Four takes on the film, which carries a 74% rating…
Newser

TMZ

Cuban Doll Says She Doesn’t Know Offset, Isn’t To Blame For Split With Cardi B

December 7, 2018 |

Cuban Doll, the female rapper Offset allegedly tried to rope into a three-way with his supposed mistress, tells us she’s definitely not at fault for his breakup with Cardi B.  We got Cuban out Thursday night at Topanga Mall … and she’s…

TMZ.com

Celeb Most Tweeted About in US Isn’t American

December 6, 2018 |

Twitter data once again shows that South Korean boy band BTS is indeed a “global phenomenon,” per Billboard . Year-end stats released by the site identify the K-Pop group as the most tweeted about celeb in the US for a second year in a row. One individual member also finds himself…
Newser

Bitcoin Isn’t Volatile – the World Is

November 21, 2018 |

Bitcoin Isn’t Volatile – the World Is

It’s been a horrible year for cryptocurrency. Assets down an average of 90 percent, constant despair and each new day bringing fresh horror. Who’d want to be a bitcoin trader? But when you zoom out beyond the cryptosphere to gain some perspective, it turns out that crypto’s not doing so badly after all. With trillions of dollars wiped off major tech stocks, 2018 has been unkind to investors across all asset classes.

Also read: Fear, Loathing and Opportunity: How Crypto Traders Are Handling the Drop

Bear Market Takes a Bite out of FAANGs

“I’m sorry,” repeated the apology for the umpteenth time. “I’m sorry that this rogue wave capsized our boat.” The wave in question was a spike in the price of natural gas that ruined options seller James Cordier and his 290 clients to the tune of millions of dollars. The rambling 10-minute apology video, which instantly went viral, demonstrates the dangers of selling naked call options — essentially bets on securities you didn’t own. When natural gas spiked by 20 percent in a matter of hours, the author of “The Complete Guide to Option Selling” was, to use crypto parlance, rekt. “Putting it simply — he had to buy very high and sell really low,” explained Palisade Research.

Bitcoin Isn't Volatile – the World Is
Not cryptocurrency: This is natural gas

While the case of Cordier is extreme, it demonstrates that sudden swings and crushing losses are not the preserve of the crypto space. In the past two months, the so-called FAANGs — Facebook, Apple, Amazon, Netflix and Google — have seen more than $ 1 trillion wiped from their valuations, while the Nasdaq is down 15 percent from its Aug. 30 peak. Oil prices have also slumped, down more than $ 20 per barrel from their October high. On Nov. 20, all 11 sectors of the S&P 500 index recorded a deficit, including energy and technology, which lost 3.5 percent and 2.4 percent, respectively. Facebook is down 39 percent from its all-time high, Amazon is down 25 percent, Apple and Google are down 20 percent, and Netflix 36 percent.

Volatility Is All Part of the Circle of Life

When viewed in a broader context, cryptocurrency volatility inhabits a broader boom and bust cycle that has defined markets ever since the dawn of civilization. From 18th-century Isaac Newton FOMOing back into the tulip bubble and getting rekt to 1930s Wall Street traders losing their shirts, epic losses are all part of the human struggle. Acknowledging this may not directly benefit bitcoin traders in the here and now, but it does help to contextualize their losses.

“Thank you so much for the barbecue sauce,” trembled Cordier in a barely audible voice as he expressed gratitude to his many clients over the years. “I will enjoy it … To Larry and Rex, looks like I owe you a Cuban sandwich.” The bizarre nature of the fund manager’s parting video likely contributed to its virality. For crypto investors, it provided some relief from their own financial worries, and highlighted that catastrophic losses are not unique to their sector. Volatility isn’t a bitcoin thing — it’s a global thing.

Do you think market volatility is inevitable? Let us know in the comments section below.


Images courtesy of Shutterstock and Nasdaq.com


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The post Bitcoin Isn’t Volatile – the World Is appeared first on Bitcoin News.

Bitcoin News

Zuckerberg: Sheryl Sandberg Isn’t Leaving, and Neither Am I

November 21, 2018 |

Mark Zuckerberg says he doesn’t plan to be Facebook’s CEO forever—but he’s certainly not going anywhere right now, and neither is his second-in-command, Sheryl Sandberg. Zuckerberg—who is facing renewed criticism after reports that the company hired a company to smear critics ignored warning signs about Russian hackers —told…
Newser

Laura Ingraham: If election chaos isn’t cleaned up, the GOP can kiss 2020 goodbye

November 15, 2018 |

The integrity of our elections is imperiled. We may be witnessing yet another in a series of stolen elections in Florida.
FOX News

Amazon Makes Its Picks, and a Young Politician Isn’t Pleased

November 13, 2018 |

The insiders were correct : Amazon announced Tuesday that its new second headquarters will be split between a site in Queens and another in Crystal City, northern Virginia. Each will have about 25,000 employees. Nashville, meanwhile, will get an “operations center of excellence” with about 5,000 workers, reports the…
Newser

For 3rd Time, Sexiest Man Alive Isn’t a White Guy

November 6, 2018 |

If the 007 rumors are true, Idris Elba is having a very good year. The 46-year-old British actor has been named People’s 33rd Sexiest Man Alive, making him the second non-white male to nab the honor in three years, and only the third overall. Jimmy Fallon revealed the news Monday…
Newser