Why new investors are in problem even after the bitcoin rally?
The most popular cryptocurrency in the crypto market is bitcoin and in previous years it has given decent returns and it is completed 15 years. Recently the price of Bitcoin has crossed 69k US dollars and the previous all-time high was 69K so it has broken the previous all-time high price. But Some such events have happened recently Because of that crypto investors are worried. Some big investors were excited to invest in Bitcoin but we can see that They are keeping their distance from the crypto investment. Here I’m talking about Elon Musk and he’s the person who indicated to invest in Bitcoin with his multiple ventures But it seems like now he is not taking an interest in cryptocurrency.
He also said that cryptocurrency will be useful to use in the mars. but now he is keeping his distance from the cryptocurrency and that is why other investors are worried not only Elon Musk but there is a firm block that keeps distance. it is owned by Jack Dorsey. Firm block sold tokens by cash app. Bitcoin miners also sold their holdings and according to one report, on 17th January, BTC miners sold more than 10k Bitcoins in a single day. This is a big amount guys You calculate 10k bitcoins then the sum is 686538000.00 USD and this is huge.
This type of selling scares new investors. While new investors are scared, the other side's micro strategy bought bitcoins and this is a positive sign I hope that this new buying can give a relief to new investors. actually, new investors do not have any idea and if they see the selling of Bitcoin then they think that “we should invest in Bitcoin or other altcoins”. I believe this type of thinking is natural and they have the right to invest wherever they want however Bitcoin has already gone up so if you do not have very good money you come out for investment then you should go for the quality altcoins however do not consider this as financial advice.
Bitcoin still can give you a better return but you can see that it is already up I am not saying that now btc will take the correction but it is just the beginning and the price will go up because the halving event is coming so Obviously Bitcoin will show us a big rally but altcoins are not going up and they are still down So there is a more opportunity to earn more in the altcoins so if you want to take risk then you should try altcoins otherwise it is ok to be in the Bitcoin because Bitcoin is the king of all the currency so that is what I want to say in this post if you find this post helpful and informational then don’t forget to share it I am signing off.
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