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Why Mexico billionaire advise bitcoiners to keep buying bitcoin
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[QUOTE="Flow-er, post: 219018, member: 71012"] Bitcoin is a good store of value is a very common narrative. What does this mean? It mean, it will surge when you keep it for a long period of time. For instance, if I store $300 in bitcoin for 3years , it has the ability to reach $1500. We could see that the value appreciated in fivefold, indicating that you will make profit keeping it for a long time. The investors that keeps cryptocurrency for a long period of time are dubbed the "Hodlers". The bitcoin hodlers would keep the coin for a very long time no matter the hurdles. This set of investors are said to own the bitcoin market because they will definitely gain on the long-term. Ricardo Salinas Pliego a multimillionaire in mexico reiterated that the crypto investors should continue buying bitcoin while the price is still low. He made it clear that the bitcoin would surge very soon. It shows that the billionaire is holding a significant amount of bitcoin. Although, the amount he holds was not revealed. According to the technical analysis, bitcoin will continue in an uptrend if it hit the support zone . It will definitely make a rebound at this level with a full bullish movement. I will take a trading position if there is a pull back very close to the support zone. [/QUOTE]
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Why Mexico billionaire advise bitcoiners to keep buying bitcoin
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