Bitcoin Can Lose 50% Or Gain 200% During Volatility: Strategist
Nov 3, 202319:25 GMT+5
KEY POINTS:
Bitcoin’s volatility means that a 50% loss is just as possible as a 200% gain, according to one strategist.
The strategist believes the best course of action would be to hold a nominal amount of Bitcoin indefinitely.
On-chain data suggests both whales and retail investors have been buying Bitcoin.
Bitcoin’s volatility means that a 50% loss is just as possible as a 200% gain, according to Ryan Grace, head of wallet developer tastycrypto. According to Grace, for those who believe in Bitcoin, the best course of action would be to hold a nominal amount of the cryptocurrency indefinitely.
Grace made these statements and others while speaking with Coin Edition about the recent Bitcoin volatility. He noted that data from on-chain analytics suggest both whales and retail investors have been buying Bitcoin, a trend that typically coincides with upward price movement.
Nov 3, 202319:25 GMT+5
KEY POINTS:
Bitcoin’s volatility means that a 50% loss is just as possible as a 200% gain, according to one strategist.
The strategist believes the best course of action would be to hold a nominal amount of Bitcoin indefinitely.
On-chain data suggests both whales and retail investors have been buying Bitcoin.
Bitcoin’s volatility means that a 50% loss is just as possible as a 200% gain, according to Ryan Grace, head of wallet developer tastycrypto. According to Grace, for those who believe in Bitcoin, the best course of action would be to hold a nominal amount of the cryptocurrency indefinitely.
Grace made these statements and others while speaking with Coin Edition about the recent Bitcoin volatility. He noted that data from on-chain analytics suggest both whales and retail investors have been buying Bitcoin, a trend that typically coincides with upward price movement.
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Join my recommended broker , link 👇
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.