Home Bitcoin Bitcoin: New Correction Before Q1 Ends

Bitcoin: New Correction Before Q1 Ends

Alex Mashinsky, CEO of Celsius, assured that the price suffered a decline yesterday in the crypto market. In general comes as a natural correction of the market that could be taken advantage of by “intelligent investors”.

BTC even saw a decline of more than 20% yesterday at noon, which took its price to lows below $ 31,000.

The rest of the altcoins even saw losses close to 30%, which they managed to partially recover within a few hours.

Mashinsky explained that corrections are part of the market, and even more so in periods of such steep and regular growth.

Until the moment of the fall, BTC accumulated a growth of over 40% in just 10 days.

After the decline, the business man explained in dialogue with Cointelegraph that he believes there will be a new, more significant setback before the end of March, which will be the great opportunity to invest in the market before it definitively escalates.

Asked about the most profitable investment method, Mashinsky said that he considers long-term investments as the best operations in the market.

There is nothing better than Holding your BTC and earning a return because very few investments generated the returns of Bitcoin for 1, 3, and 5 years.

Lastly, the CEO added that “that process will clean the weak hands and transfer the baton with all of your BTC from short-term speculators to long-term institutions and HOLDers.”

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Must Read

LEGO ready to land in the NFTs? The news that breaks bricks

A New Player in the NFT World - It only took one tweet to get fans of NFT and Lego bricks on...

Bitcoin price: BTC fell back again, trading below $ 36,000 again

Bitcoin (BTC) closes the week with a new low of more than 10%, which pushed its price back below $ 36,000.

Bitcoin Core developers release version 0.21.0 of the software

The developers of Bitcoin Core have just announced the release of version 0.21.0 of the software. Result of...

Shopify employees allegedly behind Ledger’s database hack

In a blog post today, hardware wallet designer Ledger returned to his customer database breach in July 2020 where two employees of...

Bitcoin: New Correction Before Q1 Ends

Alex Mashinsky, CEO of Celsius, assured that the price suffered a decline yesterday in the crypto market. In general comes as...