true, depends on where the company has operations. There is always a political risk for miners, but there are plenty that are in mining-friendly jurisdictions.


ETA: You can reduce some risk by buying royalty companies

Wall Street owns both sides of the aisle and has a revolving door with every administration. You really think taxing of unrealized gains has a chance

$30.9

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Bitcoin tumbled below $30,000 on Thursday, as the cryptocurrency continued its 2021 slide after quadrupling in value last year.

The digital currency dropped 17% to $29,246.77, wiping out about $100 billion from the market, according to data from CoinDesk. It’s now down more than 30% since peaking at $41,940 earlier this month.

The latest plunge, which comes without any clear reason, underscores the volatility of a currency that’s become a popular investment for day traders in recent years even as it still has limited real-world application. Bitcoin rose over 300% in 2020, closing the year right about where it sits currently.

Ether, the digital currency that’s second to Bitcoin in total value, dropped even more on Thursday, declining 22% to $1053.80. It’s now 27% below its high from earlier this week, according to CoinDesk. Ether rose 471% last year.

President Joe Biden picked Gary Gensler, the former chairman of the Commodity Futures Trading Commission and an ex-Goldman Sachs baker, to be the next chair of the Securities and Exchange Commission. Gensler taught about cryptocurrencies at the Massachusetts Institute of Technology, starting in 2018.

When Dogecoin hits $1, I'm rich!

Part of what kicked the drop off was a report that a “double spend” had occurred. This means a bitcoin was spent twice.

But the report was retracted, as a “double spend” didn’t occur.

https://www.businessinsider.com/bitcoin-price-double-spend-flaw-critical-report-suggests-2021-1

https://www.coindesk.com/bitcoin-double-spend-that-never-happened

BITMEX should be sued.

Only idiots sell on bullshit.

Or the big institutional guys hit the exits.

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Bitcon is a speculators game, any wiff of trouble is a sell signal.