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.
