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Should You Buy Meme Coins Like Shiba Inu (SHIB)?
By Seedly  •  May 23, 2021
Even today, Cryptocurrencies as a whole are still wild volatile, speculative investments. Many experts warn that you should only invest money that you can afford to lose with good reason. According to the Bitcoin Volatility Index, an index that measures the standard deviation of the daily returns for the preceding 30- and 60-day time periods for Bitcoin and other assets; Bitcoin is still highly volatile. FYI: When it comes to investing, standard deviation is often applied to the rate of return of an investment product over a time period. This shines a light on the investment’s historical volatility. The higher the standard deviation, the larger the variance between the price and the mean which is indicative of a broader price range. Generally, a higher standard deviation indicates that an asset is highly volatile. This means that you bear a lot of risk holding the asset as its price may go higher or lower significantly any other day....
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By Seedly
Launched in 2016, Seedly helps users make smarter financial decisions with its budgeting app which allows its 40,000 users to sync up their financial accounts and better manage their cash-flow. Last year, we introduced a new community feature which allows users to crowdsource knowledge from peers before making a financial decision.
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