Bitcoin

Coin

<ul class="news-points"> 
 <li>Bitcoin’s volatility means that a 50% loss is just as possible as a 200% gain, according to one strategist.</li> 
 <li>The strategist believes the best course of action would be to hold a nominal amount of Bitcoin indefinitely.</li> 
 <li>On-chain data suggests both whales and retail investors have been buying Bitcoin.</li> 
</ul> 
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.&nbsp; 
The tastylive’s Crypto Concepts co-host explained that adding to this bullish outlook, <a href="https://coinedition.com/bitcoin-reaches-astounding-highs-anticipating-a-closer-etf-approval/">Bitcoin’s surge beyond $35,000</a>, supported by a positive MACD and increased trading activity, suggests the rally has momentum. He further noted that the recent surge coincides with the lead-up to the Bitcoin halv…
The post <a href="https://coinedition.com/bitcoin-can-lose-50-or-gain-200-during-volatility-strategist/">Bitcoin Can Lose 50% Or Gain 200% During Volatility: Strategist</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Bitcoin Can Lose 50% Or Gain 200% During Volatility: Strategist

Coin Edition

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