Yes, Even Bitcoin HODLers Can Lose Money in the Long-Term: Here’s How
Horus Hughes's original article for cointelegraph.com reduced by 59%
With the 2020 Bitcoin halving event approaching, the ultimate question on the minds of most investors revolves around whether or not Bitcoin will reach a new all-time high on the heels of the event and more importantly, when. While every trader has his or her own style, most keep a vigilant eye on Bitcoin charts and attempt to exploit every long and short opportunity that Bitcoin's market cycles provide. Second, you can see that contrary to the popular belief that Bitcoin has only had a recent price explosion that was a bubble, Bitcoin has actually gone through three full market cycles in its 10-year history.
CT: What's the likelihood that Bitcoin simply consolidates between $8,500 - $10,000 and $10,000 - $11,500 until the next halving event? How does on-chain data support this narrative? If you bought Bitcoin whenever the price was under the green moving average and then gradually sold out in the red zones above the red moving average, then you would have achieved outsized returns relative to most other Bitcoin investors and traders. PS: I swing trade crypto and also make long term investments in Bitcoin. By providing free-market cycle and on-chain valuation tools for regular Bitcoin investors, it helps them see more clearly and think differently about Bitcoin prices, and ultimately supports their Bitcoin investing.
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CN [too long; didn’t read]
Summarised crypto news.