Fund Manager: Selling Bitcoin to Buy Hot Altcoins Is "Super Risky"

in hive-116221 •  6 months ago 

STEEM POSTS

There's been a strong move by many Bitcoin investors over recent weeks to accumulate altcoins. The premise of many of these investments is that one can potentially garner more BTC by trading popular altcoins, be that Cardano, Dogecoin, or otherwise.

Pseudonymous analyst "PlanB" confirmed this. Citing a poll the prominent Bitcoin investor conducted, he wrote on July 10th; "sellers [of BTC] indicate they are trading or selling Bitcoin to buy altcoins to get more BTC."


Shared On DLIKE

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Copying/Pasting full or partial texts without adding anything original is frowned upon by the community. Repeated copy/paste posts could be considered spam. Spam is discouraged by the community and may result in the account being Blacklisted.