Do you have bitcoin in 2021? To sell or not to sell, that is the question
The Drama behind the theater
Well, I have very few satoshis, the product of an excellent investment that I threw away by following the recommendation of a bad financial advisor clouded by ambition and participating in a scam to obtain big quick profits. My first experience in the crypto market was disastrous in this sense, but enriching due to the great lesson learned.
Last week the CIO of Guggenheim Partners said that the price of bitcoin will fall to the level of $ 20,000 and will keep oscillating around it throughout this year, but at the end of his statements, he maintains the prediction that one day the cryptocurrency leader will reach $ 400,000.
The big headline is the price drop, so the encrypted message is clear, sell to avoid losses in the short term. However, if you analyze the behavior of the new addresses you will notice a notable increase in the holders of more than 1,000 bitcoin.
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Source: Screenshot of the graph of new users in bitcoin of the Glassnode website from January 25, 2021
News to manipulate the market and stimulate panicked and unwary sellers to sell lower. Deplorable but accepted conduct in thin ethics. Questionable, sure, but not illegal. In the end, you are free to sell or buy.
At least my financial advisor in 2017 made a risk assessment error and lost more than I did. If you are too greedy you might end up with nothing. But these big BigFinance influencers are cold and calculating.
As I said a few paragraphs before, you have the choice to follow whoever you please and invest or spend your money however you want. Just allow me one tip: make sure you don't learn bitterly like me.
Learn as much as possible about the investments you want to take on. Buy in the uptrend and sell when it goes down. Very importantly, be wary of the statements of the big financial influencers of the status quo. They certainly do not represent your interests.
Post by @janaveda
The cover image by Tumisu on Pixabay
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https://twitter.com/jnavedan/status/1353772414459645954
I don't own any satoshi but I do know that investing based on what the medias are reporting is pointless. A matter of fact you should do the opposite of what they're saying or just follow the development and adoption.
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You're right. They just want to strip riches from whoever owns them, obviously, they are eyeing emerging markets. I think the general objective is that we become poorer.
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