Many ordinary investors were caught off guard by the sharp fall in the exchange rate of bitcoin is below $4,500. Edition CoinTelegraph asked now interested in the public questions of the leaders of the cryptocurrency industry.
The tone Weiss, former institutional trader and a big supporter of bitcoin said that the current collapse was no fundamental prerequisites, as they were not during the rapid growth the end of 2017. According to him, then bitcoin was “overrated”.
Weiss noted that parabolicheskoi movement is not new to bitcoin, as well as the fact that traders often forget about what makes bitcoin so important. In his opinion, those who are interested in cryptocurrency market exclusively from the point of view of profit, must leave it forever.
The same opinion and Anthony “Pomp”, Pompiano, head of Morgan Creek Digital Assets and a hater of Central banking, who said that he was not interested in the short-term dynamics of the rate of BTC, but only a long-term trend. What is most remarkable, in the opinion of Pompiano, the bottom was never reached a bitcoin, largest bitcoin still have to fall — in front of $4000 and $3000.
Pompiano added that the $3000 historically determined: normally the collapses of the exchange rate of bitcoin was taken away from crypto-currencies more than 80% of the cost, while this year’s bear market has reduced the market capitalization of BTC is “only” 75%. With the Outlook agreed, and the Tone of Weiss.
Alex Tapscott, the author, in fact, the cryptocurrency of the Bible, the book “the Blockchain Revolution”, also agreed with the idea that the cryptocurrency market was overvalued and added that now is the time when have invested a year ago, investors decided to recoup their investments, extracting funds from the cryptocurrency market.