Major Hedge Fund: Cryptocurrency Market Surge Imminent, Build Positions
From NewsBTC
Cryptocurrency is an intriguing yet confusing industry. Every time positive momentum takes place, something negative happens to counter it.Read more: https://www.newsbtc.com/2018/05/12/major-hedge-fund-cryptocurrency-market-surge-imminent-build-positions/Despite this volatile nature of Bitcoin and altcoins, Linxus Management CEO Mark Harrington remains bullish. In a recent interview, the multi-million dollar hedge fund manager stated how now is the time to lock in one’s cryptocurrency investments.
The Volatile Nature of Bitcoin and Altcoins
Most people know all too well how price fluctuations work. It is the inherent nature of any financial product or service. Price stability is an alien concept that is very hard to come by. Even the so-called ‘stablecoins’ tend to fluctuate ever so slightly. However, they maintain their pegged value most of the time without any real problems.In the world of Bitcoin and altcoins, the situation is very different. Price volatility occurs every single day. Money can be earned and lost in the blink of an eye. One of the golden rules in cryptocurrency trading is how not to let one’s emotions guide the trading behavior. Making impulsive decisions can lead to catastrophic outcomes. It is part of the reason why this industry remains somewhat off-limits to most everyday consumers.
Convincing those people to pay attention to cryptocurrency is not easy. Newly created investment vehicles, such as futures contracts, may make this industry more accessible. Circle Invest is also an interesting creation in this regard. According to hedge fund manager Mark Harrington, now is the time to make strategic investments in various cryptocurrencies. It is pertinent speculators never put all of their eggs in the same basket.
As long as the Mt Gox trustee doesn't rain all over the parade I can see this vision becoming reality. Like many of you I'm trying to get a little stake of crypto waiting for the next big jump on the charts. We are going to see staggering new heights this year. When the bulls of 2018 get going it will be a stampede.
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Yes, very confusing indeed. I am yet to get the full gist of cryptocurrency, how it works and to get in to it. Thanks
lol..... these guys obviously know as much as anyone else.....everyone knows 1trillion market cap isn't far off....
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