The article below was written by Sebastian Sinclair, the market and news reporter for CoinDesk operating in the South East Asia time zone. He has experience trading in the cryptocurrency markets, providing technical analysis, and covering news developments affecting the movements on bitcoin and the industry. He currently holds no cryptocurrencies.
Emotions do not have a place in the investment world, but if there were not emotional investors, traders and dealers would not make a fortune. When you are an emotional investor in Bitcoin, you set yourself up for failure!
Like the stock market, the cryptocurrency market goes up and down!
Like seasoned investors in the stock market, seasoned investors in the cryptocurrency market hold on to their investments and buy more as the market dips!
Are You An Emotional Investor In Bitcoin?
High net worth individuals in any market can cause the market to dip and rise as they buy and sell large amounts of stocks or cryptocurrencies. These individuals are called “WHALES!”
Whales can manipulate the market at any time, and if you are an emotional investor in Bitcoin, you will sell when the market goes down, and buy when the market goes up.
If you are selling low and buying high, you will never realize the gains that the cryptocurrency market has to offer because you need to buy low and sell high!
Take the emotions out of Bitcoin and Cryptocurrency Investing!
You can take the emotions out of Bitcoin and cryptocurrency investing by letting a professional trader do the buying and selling for you!
As a customer of Copy Pro Traders, you do the following:
- Set up an account with one of the three exchanges:
- Binance.com
- HitBTC
- Kraken
- Fund your exchange account and convert your cryptocurrency to USDT (each exchange has a minimum per trade amount, so we recommend you fund your account with enough to be in at least 10 trades plus exchange fees)
- Create an account with Copy Pro Traders (CPT)
- Connect your exchange to CPT using your exchange API keys.
- (there are instructions in your CPT back office on how to set up each of the above exchanges and connect them to CPT using their API keys)
- Select a CPT Professional Trader
- Let the CPT System know how much you want available for each trade.
- Save your selections in your CPT account and let the S.Y.S.T.E.M. go to work for you.
If you have any questions about Copy Pro Traders call or text 877-515-9650.
As always, conduct your own due diligence so that you make an educated decision instead of one based on emotions.
Read the article below, leave a comment, share on your favorite social media websites, and subscribe to my blog so that you may be notified when new content is added.
DISCLAIMER: I am not a financial advisor, planner, or CPA, and I am not giving anyone investing advice, I am just sharing information I know and use in my own decision-making about cryptocurrencies. If you need financial advice, please seek the advice and guidance of a licensed financial advisor, planner, or CPA with knowledge of cryptocurrencies.
The article below can be found at the website URL below:
Bitcoin Breaks Below $50K as Market Sell-Off Continues
Bitcoin’s price fell about $4,300 in the last 24 hours.
Apr 22, 2021 at 11:03 p.m. EDT Updated Apr 22, 2021 at 11:11 p.m. EDT
Bitcoin Breaks Below $50K as Market Sell-Off Continues
Bitcoin has fallen beneath the $50,000 psychological support line hitting its lowest point in 48 days.
At around 17:00 UTC on Thursday, bitcoin’s (BTC, -10.44%) price fell from around $54,900 to $51,500 before the markets inflicted another sell-off to $48,300, according to Bitstamp exchange data. Prices are currently hovering around $49,200 representing an 8% drop or loss of about $4,300 over the previous 24-hours, according to CoinDesk’s bitcoin price page.
“On-chain data suggests we’re still in a long-term bull market,” Ki Young Ju, CEO of South Korea-based blockchain analytics firm CryptoQuant, told CoinDesk. “In the short-term, we might have a correction and going sideways in a broad range since the market is over-heated among retail investors.”
Bitcoin is on track to close out its biggest weekly drop since February when prices fell 21% before making a sharp recovery and breaking to all-time highs near $64,900.
A loss of the 100 daily moving average at around $49,400 may open up steeper losses to around $46,000, according to technical analysis theory.
Other cryptocurrencies are also experiencing sharp sells with XRP (-18.7%) and ether (ETH, -12.63%) both down 13% and 7% respectively, while Binance coin is down 5.8%. Indeed, almost all of the assets in the CoinDesk 20 – the 20 cryptocurrencies making up the lion’s share of the crypto market at eight significant exchanges – have fallen in price over the last 24 hours.
