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Holders of Over 11 Million Bitcoin are Proving That Hodl Is Not Just a Meme

Many bitcoin traders laugh at the idea of HODL (holding on for dear life). They think that it is not a sound trading or investing strategy. If you buy and hold on the way down, it’s very likely that you’ll use the same approach on the way up. The rigidity of this method makes it difficult for many investors to lock in gains. Continue reading Holders of Over 11 Million Bitcoin are Proving That Hodl Is Not Just a Meme

Three Cryptos Are Showing Strength Against Bitcoin

In the last few days, bitcoin bulls have been working really hard to put together a significant rally. Unfortunately, every attempt to bounce back has been met by a selling wall. Consequently, the king of cryptocurrencies is now close to breaking support of $9,000. Continue reading Three Cryptos Are Showing Strength Against Bitcoin

Bitcoin Whales Are Cashing in as Gains Slip Away

After a wave of aggressive buying, bitcoin whales are taking some profits. The “big money” investors drove the price up as high as nearly $14,000 in the last 24-hour period, reminding the crypto community of how the market dynamics can change on a dime. Now it seems they are cashing in on some of their fortunes as the buying momentum stops dead in its tracks. After rising as much as 22% in the last 24 hours, the BTC first slashed those gains in half. Now the gains are slipping away. Continue reading Bitcoin Whales Are Cashing in as Gains Slip Away

Billionaires Are ‘Scouring the Market’ to Own 25% of Bitcoin in Circulation

The appetite among billionaires for bitcoin is huge as ever, according to Eleesa Dadian, an art dealer and head of a secretive network for billionaire investors called the Dadiani Syndicate, in Forbes. The company has reportedly been instructed to purchase a jaw-dropping 25% of all available bitcoin in the market. Too bad that isn’t likely to happen. Continue reading Billionaires Are ‘Scouring the Market’ to Own 25% of Bitcoin in Circulation