Wolf of Wall Street's Jordan Belfort has warned the public about gambling on low-cap crypto assets, describing the similarities it has to penny stocks. He should know.
Former stockbroker Jordan Belfort, known colloquially as the “Wolf of Wall Street” has likened low market cap crypto assets to penny stocks due to their extreme price volatility.
Belfort's rise to prominence in the 90s and eventual run in with the Securities and Exchange Commision , was in part, due to brokering deals for these stocks.that these types of investments have the “same predictable cycle” which can generate huge returns but can also burn investors who fail to cash out at the right time:
“I don’t think there’s any amount of research that you can do to protect yourself from these ultra low cap [assets], except getting in really, really early. It doesn’t matter if it's good management [or] bad, they’re that low that what's gonna end up happening, it's gonna take its ride up, and then when it gets to the top, people are gonna dump it.”
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Man arrested for allegedly punching, throwing basketballs, stabbing 2 people at West Jordan gymA man was arrested Friday after police say he stabbed two people during a fight over a basketball game at a gym in West Jordan.
Consulte Mais informação »
'Nope' Scares Up $148.7 Million at the Global Box OfficeJordan Peele's Nope, which stars Keke Palmer and Daniel Kaluuya, has made $148.7 Million at the Global Box Office.
Consulte Mais informação »
Quarterback observations: Calzada appearing all but out of battle for Week 1 starterAUBURN ---Auburn football is a week out from its season's start, and fans got the chance for an early look at the Tigers on Saturday with an open-practice at Jordan-Hare.
Consulte Mais informação »
Family and friends of slain Wasilla teen look to each other — instead of the court — to find closureThe sentencing hearing for Jordan Flowers — charged with the murder of Gunnar Swan in January 2019 — was delayed for the third time since the end of June.
Consulte Mais informação »
Florida man convicted in hate crime road rage attack on Black martial artist dad who fought backFlorida man convicted of a hate crime for a road rage incident in which he tried to run a Black man and his family off the road and assault him — only to find the victim was a mixed-martial artist who fought back.
Consulte Mais informação »