Home
News
- In recent tweet of Galaxy CEO Mike Novogratz, Bitcoin(BTC) is loosing investors Confidence while Edward Snowden Feels like buying Bitcoin.
- People are responding in both positive and negative manner in collapse of crypto currency (BTC). As many factors led Bitcoin to its disintegration, people are still viewing a vital opportunity in it.
Due to the current market condition, Bitcoin’s prices are completely under the heavy influence of Bears. This condition led to drastic collapse on Friday, which later on becomes the BTC largest single-day price drop in last six years.This drop was so serious that many investors are loosing there faith in the Bitcoin.
Mike Novogratz tweeted that:
$btc was always a confidence game. All crypto is. And it appears global confidence in just about anything has evaporated. What brings it back to $btc.
— Mike Novogratz (@novogratz) March 13, 2020
The CEO of galaxy Digital, Michael Novogratz believe that it’s Bitcoin about a game of confidence and not just btc but all crypto is.
Many people responded to this tweet in both positive and negative manner. Due the COVID-19 out break, the market becomes very unstable and than the conflict in between the Russia and Saudi Arabia over the oil made it worst. Investors are highly concerned in the liquadition of there assets, there is a heavy increase over selling region. People are backing off from there market investments, leading to a continuous fall in market prices which will keep on going.
Still there are many people who thinks that there is still a wide scope in this Cryptocurrency.
Today In a tweet Edward Snowden Stated that:
This is the first time in a while I've felt like buying bitcoin. That drop was too much panic and too little reason.
— Edward Snowden (@Snowden) March 13, 2020
This tweet from Edward Snowden comes after the Bitcoins major inter day-fall, showing that investors are still seeking an opportunity in it. Market condition is very week, still there is a opportunity in it. As the fear and greed indicator shows heavy dominance in fear, still some people are acquiring greedy approach to counter this situation.
Mr. Pratik chadhokar is an Indian Forex, Cryptocurrencies and Financial Market Advisor and analyst with a background in IT and Financial market Strategist. He specialises in market strategies and technical analysis and has spent over a year as a financial markets contributor and observer. He possesses strong technical analytical skills and is well known for his entertaining and informative analysis of the Financial markets.
