0
📰 News
766 views

As Bitcoin Bull Market Returns, Anthony Pompliano Shares Investment Basics for Crypto Lovers

  • Yuri Molchan
    📰 News

    With Bitcoin still holding above $11,800, Anthony Pompliano tweets basics of investing in crypto to help newbies avoid financial losses

As Bitcoin Bull Market Returns, Anthony Pompliano Shares Investment Basics for Crypto Lovers
Cover image via www.facebook.com
Contents

Bitcoin has been around the $12,000 level for a while already. This prompts crypto experts to believe that we are currently in another bull market.

One of them, Anthony Pompliano, who is a frequent guest on CNBC and ‘preaches’ about Bitcoin on their shows, has published a list of basic rules of how to invest correctly and reasonably when you deal with crypto.

It could be useful either to newbies or to those who hodl crypto already but may lose their head seeing that Bitcoin is attempting to regain at least its 2017 ATH.

👉MUST READ

Tron Founder Justin Sun Promises to Reveal ‘Secret Project’ from BTFS, Community Expects Another Scam Coming

Tron Founder Justin Sun Promises to Reveal ‘Secret Project’ from BTFS, Community Expects Another Scam Coming

The ‘ten commandments’ for a crypto investor from ‘Pomp’

The co-founder and a partner at Morgan Creek Digital, ‘Pomp’, reminds the community of several crucial rules that any crypto investor must follow in order not to lose their money and then call crypto ‘a scam’.

Many, not careful investors, who are ignorant of how the crypto market functions, have lost much more than they could afford to and joined the camp of those who call Bitcoin a fraud.

In the comment thread, one user suggested another advice – ‘do not keep your crypto on exchanges’ – and Pompliano admitted that this is also a useful one.

Image by Twitter
Image by Twitter

50-percent allocation in Bitcoin

The other day, when talking to Kevin O’Leary on CNBC, Anthony Pompliano admitted that his net worth is over 50 percent in Bitcoin.

As per O’Leary, an investor, a CNBC host and writer, that is a serious mistake and a violation of investor’s basics, whether he operates in the crypto market or with traditional assets. He criticized ‘Pomp’, saying “Shame on you! That’s nuts!”

In return, Pompliano explained that Bitcoin price is going to keep rising and called that a maths-proven fact, not a personal opinion. He stated that the lack of exposure to Bitcoin for any financial institution is irresponsible these days.

The fastest way to get crypto news is to follow our Twitter. You won’t miss a thing! Subscribe.

About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

Recommended articles
0
📰 News
154 views

Bitcoin Price Likely to Decline to $7,800: Crypto Analyst

  • Yuri Molchan
    📰 News

    Bitcoin is to find support at $7,800 or recover to $8,300, an analyst writes, but either way ‘continuation of the ranging on either of the levels is going to occur’

Bitcoin Price Likely to Decline to $7,800: Crypto Analyst
Cover image via www.123rf.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Over the last few days, Bitcoin has been trading below the $8,500 area. At the moment, it has recovered to $8,258 after the recent slip below the $8,100 level.

Analysts have been bullish on BTC in the long run, however, the nearest BTC price movements are expected to be bearish.

👉MUST READ

Ex-Congressman Says Fed Should Not Play With Own Cryptocurrency

Ex-Congressman Says Fed Should Not Play With Own Cryptocurrency

The crypto analyst @CryptoMichNL believes that there are two paths ahead of Bitcoin at the moment. If it fails to recover to $8,300, he says on his Twitter page, then the market should be ready for the flagship coin to drop and find support at the $7,800 or $7,300 levels.

Whichever way it goes, ‘continuation of the ranging on either of the levels is going to occur’.

The analyst tweeted this forecast twice with an hour pause.

Only the most important posts per day. Infographics, analytics, reviews & summaries. Join our Telegram channel!

About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

Recommended articles

This site uses cookies for different purposes. Please set your preferences in Cookie Settings and visit our Cookie policy for more information on how and why cookies are used on this site. Click here for cookie policy

Cookie settings