News
It’s not a good idea to convert Bitcoin into altcoins
Jul 13, 2020 Forex News
Morgan Creek Digital investment fund partner Jason Williams concluded that converting Bitcoins to altcoins is unprofitable and risky.
Jason Williams tweeted that investors are risking to get a loss when converting Bitcoin to altcoins. Selling Bitcoin to buy altcoin or stablecoin is not the best solution.
After analyzing the historical data, Jason Williams concluded that today the most correct solution is to hold bitcoins, that is, to be a holder.
And apparently, large investors prefer to keep Bitcoins. The number of holders that store bitcoins for 1 year or more has grown significantly this year.
Daniel Ferraro, head of marketing at IntoTheBlock, said the number of holders has grown significantly over the past 12 months. This analyst considers investors who have been holding bitcoins for more than one year to be scammers.
to other news
All newsDespite the short-term effect of rumors that Amazon was going to accept Bitcoin this year and the subsequent pullback, the BTC/USD pair was able to find support in the area of $36500 and start a new rally. As a result, today the BTC/USD pair was able to rise
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