Hi Steemians,
Today in the news the banking giant, GoldmanSachs stated their clients to beware of BTC as it is headed in the bearish area. It is due to the reason that the price of BTC reached 3000$+ alltime high and instantly get down to 2300$ and now it is maintaining a level at 2700$.
But today as I saw the BTC price is started to decline as seen in the figure above, so my advice to all steemians Don't enter long position in BTC.
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Thanks for sharing the chart. Its heading for a dip alright, but I think most of the crypto will take a dive
yes all crypto are dependent on BTC as the most of the trading at exchanges like poloniex trade in relation to BTC.
I'm boycotting bitcoin - the scaling issue, greed and bickering is leading to its demise. Greed and ego will kill bitcoin. Greed is stopping it from developing and risking a fork. The only way we can stop this is boycotting bitcoin and forcing them to get their act together....
@serfie Boycotting BTC is not easy, the world is now accepting cryptocurrency as their transactions are faster than the normal banking and other financial systems. So now if you say other to boycot BTC they will probably won't do it.
Bitcoin goes up and down a lot. Great for traders but investors should just buy and hold if they believe in the long term prospects of Bitcoin. Accumulate more during slow periods.
@wekkel Surely if you are investing than you don't worry about ups and down, but for day trader and short term trader who buy/sell BTC using margin amount will surely keep this in mind.
Thanks for the info dude 👍..
Please see my post as i am new here n upvote 😊https://steemit.com/mynaturebody/@iqraalam/magical-tricks-in-your-hand-to-control-major-health-issues-must-read
done bro, do upvote and follow me thanks