Sunday, July 21, 2019
Home Business Tim Draper says some Bitcoin investors "make a mistake" - BTC, XRP,...

Tim Draper says some Bitcoin investors "make a mistake" – BTC, XRP, Ethereum, Litecoin price analysis

Billionaire venture capitalist Tim Draper says anyone who speculates about Bitcoin in the short term may want to think.

In a new ask-me-something on Facebook, Draper explains why he does not make any short-term predictions about the price of BTC.

"I never make Bitcoin predictions in the short term because anything can happen in the short term. People can manipulate the price. It moves up and down, depending on whether large customers are buying or large owners are for sale. It moves up and down, and if you invest in the short term, you make a mistake.

Bitcoin is a long term stop, because what it is is the future of the currency. And the currency will be decentralized and open, and you will have a much more fluid and dynamic currency if you own Bitcoin than if you own dollars. Sometimes Bitcoin feels very valuable and sometimes you feel like dollars that you really want to hold onto. If you feel that dollar is what you really want to hold on to, you should probably buy Bitcoin. And if you feel that Bitcoin is something that you really want to hold onto, you should probably buy dollars. "

Draper purchased 29,656 bitcoins from the US Marshall Service in 2014 for approximately $ 18 million, which now has a value in excess of $ 117 million.

At the moment, Bitcoin has risen 0.54% to $ 3,961. Ethereum rose 0.40% to $ 135 and the XRP 0.35% to $ 0.3041.

Source: Coin360

Technical analysts expect Bitcoin's rigorous moves to hold around $ 4K while Ethereum, XRP and Litecoin struggle for traction.

Bitcoin

NewsBTC – The Bitcoin price will not go quietly, the risk of breakage increases

Fxstreet – We are still waiting for a decisive breakthrough of over $ 4,000

Münzlautsprecher – BTC / USD consolidates, breakout is imminent

ether

ETHNews – Danger if the price continues to struggle at $ 137.50 to $ 140

Crypto Potato – The ETH-side trade forms a triangle

Blockonomi -ETH price for many hurdles near $ 140

XRP

Live Bitcoin News – XRP signals a significant downtrend

Fxstreet – XRP follows a bearish trend line that was born on the 20th

NewsBTC – XRP sellers are still clearly responsible

Litecoin

In bitcoins – LTC is facing another potential downside

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Disclaimer: The opinions expressed by The Daily Hodl are not investment advice. Investors should conduct their due diligence before making any risky investments in bitcoin, cryptocurrency or digital assets. Please note that your transfers and trades are at your own risk. You are responsible for any losses. The Daily Hodl does not recommend buying or selling cryptocurrencies or digital assets nor The Daily Hodl is an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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