Why I Sold My Bitcoin… (BTC Crash 2020)
Today, the entire market crashed in crypto. And I sold my Bitcoin. Watch this video to see what my next moves are and what you should be planning for. Learn more at https://BitBoyCrypto.com
It’s a tough choice to decide whether to sell some of your bitcoin or keep all of it invested. Some experts recommend selling between 20% and 50% if you are risk-averse or have pressing financial needs. It also makes sense to sell some of your bitcoin if you don’t want to wait years for a potentially massive payoff.
This is why bitcoin is a cryptocurrency. Crypto for the source of authority but currency for the asset’s behavior. You don’t invest in a currency, you can only speculate in it. You can buy currency in order to buy investments denominated in that currency but the currency itself is never an investment.
Bitcoin and cryptocurrency prices have fallen sharply over the last few days, with around $50 billion wiped from crypto markets. The bitcoin price had climbed through the first few months of 2020 but the recent falls erased.
The current crypto market crash is one of the worst ever losses that have hit the cryptocurrency sphere. Bitcoin had a destructive sell-off within the last 24 hours. The investors all over the world are in sheer panic and selling everything as apprehensions and confusion have taken over the financial market.
The effect of Coronavirus has shaken the finance industry to the extent that even gold that was considered the safest haven has gone down. As the investors have pulled $68 million from the crypto markets.
Bitcoin has lost $22 billion overnight, which is indeed a scary situation. In just one hour, bitcoin fell by 17 percent. Per the speculations, there could be three major causes behind the crypto market crash.
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