Cryptocurrency
HODL is a term used in cryptocurrency that is an acronym for “Hold on for Dear Life”. It came about in the early days of cryptocurrency, when someone in a forum misspelt “hold” and has caught on as a defining term for the cryptocurrency markets https://casino-review-aussie.com.
When you first start investing it can be very exciting, and even addictive for some. This can be especially true if your first purchases occur during a bull run, when everything is heading massively higher. You might think things will be like that always, and that can lead to over-committing yourself and your capital.
Secondly, you should try to diversify your investments beyond crypto. While the potential of decentralized money and financial systems is immense, no one can say for certain how things will play out in the future. Stocks, financial vehicles tracking stock market movements (for example, ETFs), and bonds can be good portfolio diversifiers. In addition, precious metals like gold and silver are also widely recognized as good buys for additional portfolio stability.
Hawk tuah girl cryptocurrency lawsuit
But earlier this month, disaster struck when Welch released $HAWK, a cryptocurrency based on her valuable personal brand. Such crypto assets, known as “meme coins,” are known as volatile investments, and tend to trade according to the boom-and-bust cycles of the online phenomena that inspire them. Welch’s coin, developed by partners running a foundation out of the Cayman Islands, spiked in value when it debuted only to crater within hours, plummeting more than 90 percent from a market cap of nearly $500 million to under $30 million.
Hailey Welch has finally addressed the devastating crash of her memecoin $HAWK. Known as the Hawk Tuah Girl, the 22-year-old issued a statement on social media after weeks of disappearance following her crypto currency controversy, which caused investors to lose millions.
The plaintiffs’ legal team contended that many investors were first-time cryptocurrency participants attracted by Hailey Welch’s involvement. They also argued that the token’s rapid loss of value inflicted substantial financial harm on investors who had trusted the project’s roadmap and Welch’s public association with it.
The latter saw her grab headlines for all the wrong reasons, with Welch being accused of misleading investors via a ‘pump and dump’ crypto scheme. Her critics have been vocal, with influencer Astrid Wett even branding her ‘disgusting’.
Despite a meteoric market cap rise to $500 million on its December 4 launch, the token quickly lost 88% of its value. Major holders sold off assets en masse, prompting suspicions of insider trading and a coordinated rug pull by the creators. Many investors affected were Welch’s supporters and newcomers to cryptocurrency.
Best cryptocurrency exchange australia
The capacity of the Independent Reserve to acquire dozens of various cryptocurrencies in New Zealand dollars via SWIFT or PayID is one of its primary advantages. Users can invest in digital assets without having to deal with complicated currency conversions or trading pairings. Users with Australian bank accounts can also use additional NPP methods to make deposits and withdrawals.
Ben Knight is a writer and editor from Melbourne with a passion for all things music and finance. He enjoys turning complex topics – especially the technical details of cryptocurrency – into digestible bites that anybody can understand. He acquired his Master’s in Writing, Editing and Publishing from RMIT in 2019 and has run his own creative writing business ever since.
CoinJar prides itself on being a streamlined, easily accessible crypto exchange. This means it has done away with many features seen in modern trading platforms. With that said, there is still plenty for investors of all skill levels:
It is one of the few exchanges that offers derivatives trading (including futures, options and perpetual swaps) in Australia. You’ll need to be a verified wholesale client to access derivatives trading.