Bitcoin continues its long decline: against the background of negative news, its rate fell below $ 7000. Despite this, the well-known crypto traders retain confidence in the subsequent growth of the rate of the Crypto-currency. In their Twitter-accounts they give different proofs of their point of view.
So John McAfee, the popularizer of crypto currency and entrepreneur, compares the current value of Bitcoin with the rate of three months ago. In his opinion, one should take into account only long periods of time, without being distracted by short-term price fluctuations.
This view is supported by Ran Neuner, host of the show "Cryptotrader" on CNBC. He argues that the cost of Bitcoin still gives a good return to a long-term investor.
Despite the use of different methods of forecasting, known crypto traders converge on the idea of further growth of the crypto currency in the long term. This idea was emphasized by the creator of the Litecoin crypto currency Charlie Lee in his interview for Cointelegraph:
"Long-term purchases well, short-term no one knows".
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Way too much being made of nothing. I think McAfee's advice is usually worth about as much as the electrons it's made of but he's right about this. Long term things look good and this is a great time for people to be getting into crypto.
I completely agree with you!Good luck to you @cbk !