Enter the terms you wish to search for. 18 bitcoin capital gains It Time to Hold or Sell Bitcoin? In the wake of this week’s bitcoin slide, users are left wondering if they should hold or sell the highly volatile cryptocurrency.
Also falling Tuesday were the prices of the world’s other top cryptocurrencies, including ethereum and ripple. 200 billion during sell-offs Tuesday and Wednesday after South Korea and China hinted at a ban on trading. But is it time to hold or sell bitcoin? I would say the strong rally in bitcoin and other cryptocurrencies we saw last year is over,” analyst Makoto Sakuma of Tokyo-based NLI Research Institute told Reuters.
But while the rally is over, he said, “I don’t think it is right to say bitcoin is finished. Before the December 2017 surge, experts recommended that cryptocurrency users sell 20 to 50 percent of their bitcoin, keeping some money invested in it in case it gains value in coming years. Bitcoin is deciding whether this is the moment to crash and burn,” Steven Englander, head of strategy at Rafiki Capital Management, told Reuters on Tuesday. However, Meltem Demirors, director of development at Digital Currency Group, told Bloomberg on Tuesday that despite Tuesday’s drop, bitcoin, ripple and other cryptocurrencies have been “incredibly resilient to bad news. And what was driving up prices could also drive them down. Adam Ludwin, the CEO of blockchain startup Chain, said that pricing fluctuations in virtual currencies are largely psychological. There is essentially a belief this will continue to go up.