CryptoQuant CEO Advises Bitcoin Holders to Sell Gradually, Warns of Risks of Buying Full Position
On Nov. 7, Ki Young Ju, CEO of crypto analytics platform CryptoQuant, tweeted that new investors tend to hold bitcoin during bear markets and experience losses for about two years before changing hands when the market stabilizes. He argues that the time is right for that switch, and that bitcoin could rise another 30-40 percent from current levels, but won't be able to reproduce the 368 percent increase it experienced from $16,000 onward. He advises investors to consider selling gradually rather than continuing to “buy all in”.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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