- Bitcoin’s volatility means that a 50% loss is just as possible as a 200% gain, according to one strategist.
- The strategist believes the best course of action would be to hold a nominal amount of Bitcoin indefinitely.
- On-chain data suggests both whales and retail investors have been buying Bitcoin.
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.
The tastylive’s Crypto Concepts co-host explained that adding to this bullish outlook, Bitcoin’s surge beyond $35,000, 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…
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