Now, with prices at historical highs, the question arises again among investors, both for those who are already invested in Bitcoin, and for those who have not yet: What to do, buy, “hold” (a term used in crypto jargon to refer to maintaining an asset position), or sell? Here is the analysis of three specialists:
Franco Bianchi, CMO de Lemon
To have Bitcoin today is to own a piece of the future. In days of high market euphoria, it is always advisable to keep a cool mind and watch the movie instead of the photo. If we zoom out and take perspective, Bitcoin has already become a store of value and many experts classify it as the new digital gold.
Taking into account the context of the historical peak that we are experiencing, we believe that the best thing is to “hold”.
Miguel Boggiano, CEO of Carta Financiera
All cryptocurrencies are in an uptrend. If you have to do something, it is to be bought. That probabilistic, that is, whoever is bought has an advantage. From where it is, the price of Bitcoin could accelerate a lot, but there are no certainties either. In other words, it is one more trending game among so many others out there.
For example, one could play the downtrend on the US 10-year bond, one could play the uptrend on copper. Those are assets that are also in a very clear trend.
Bitcoin is in a clear trend, it can go higher, but it is probabilistic. No one is certain about this. There is a very marked speculation because behind there is a very important change linked to distributed ledger and Blockchain technologies. And within which, Bitcoin is an actor among all those technologies.
Instituto N&W Professional Traders
After very tough institutional coups, attempts to ban and centralize cryptocurrencies, Bitcoin has reached a new all-time high. And not only that, but the resistance of $ 65,000 was broken with a lot of volume, which shows a great bull market intention.
Although the markets are not 100% predictable, everything would indicate that cryptocurrencies are here to stay. For this reason people who “hold” Bitcoin should be very happy.
As for the short term, we do not recommend buying at historical highs, because statistically the price can go back at those levels. The most sensible thing would be to wait to buy at a better price.
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