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Why this UAE investor ignores Elon Musk s whipsawing tweets when he trades in cryptocurrencies

SHARE For the past four months, Dubai resident Shashwat Phumbhra, a 28-year-old Indian equity analyst and trader, has been investing in Dogecoin but says his investment in the cryptocurrency does not depend on Tesla chief executive Elon Musk’s tweets. “If one is making investment decisions on the basis of a billionaire’s tweet, there is a problem with the investor,” he tells The National. However, he is a big fan of Mr Musk and Tesla shares make up a big portion of his investment portfolio. Mr Phumbhra first bought Dogecoin when it was priced between $0.05 and $0.07 and it multiplied in value. He added more Dogecoin to his portfolio when it was trading at $0.25 and $0.3. He later exited his holding when the parody cryptocurrency was valued at between $0.4 and $0.6. Although he has booked a tidy profit, he declined to say how much he invested.

Top news of June 30 | Donald Trump hosts South Korea s Moon for talks on North Korea

Top news of June 30 | Donald Trump hosts South Korea s Moon for talks on North Korea Top news of June 30 | Donald Trump hosts South Korea s Moon for talks on North Korea Twitter Is Buzzing With News Alerts From India And Rest Of The World. Here Are The Latest Updates From The Micro-blogging Site In One Scroll: News Nation Bureau | Edited By : Himani Garg | Updated on: 30 Jun 2017, 08:55:59 PM New Delhi: Twitter is buzzing with news alerts from India and rest of the world. Here are the latest updates from the micro-blogging site in one scroll: #8:31 PM I think India will grow faster, better, economy will be benefited, all the states will be benefited: Devendra Fadnavis, Maharashtra CM #GST - ANI

1993 Mumbai blast case: Abu Salem, Mustafa Dossa, Firoz and Tahir Merchant found guilty of murder and conspiracy

1993 Mumbai blast case: Abu Salem, Mustafa Dossa, Firoz and Tahir Merchant found guilty of murder and conspiracy 1993 Mumbai blast case: Abu Salem, Mustafa Dossa, Firoz and Tahir Merchant found guilty of murder and conspiracy Apart From Abu Salem, The Other Accused Are Mustafa Dossa, Firoz Khan, Riyaz Siddiqui, Karimullah Shaikh, Mohammad Tahir Merchant Alias Tahir Taklya And Abdul Qayyum. News Nation Bureau | Edited By : Vikas Mehta | Updated on: 16 Jun 2017, 02:50:28 PM New Delhi: A special TADA (Terrorist And Disruptive Activities (Prevention) Act) court on Friday found Abu Salem, Mustafa Dossa and Mohammed Dossa guilty of murder and conspiracy in connection with 1993 Mumbai blast case. The court also convicted Firoz Abdul Rashid Khan, and Karimullah Sheikh under charges of conspiracy and murder under sections of IPC, TADA and Explosives Act. The court convicted Tahir Merchant in the case. 

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