PeterSchiff has advised investors to sell bitcoin today, emphasizing that it is 'the smart move.' crypto cryptocurrency $BTC
Gold bug and economist Peter Schiff has recommended selling bitcoin today, emphasizing that it is “the smart move.” Many people disagreed with Schiff’s analysis of the price of the cryptocurrency, warning that he is telling investors to sell at the bottom.Gold bug and economist Peter Schiff has a Christmas message for bitcoin investors. Schiff is the founder and current chairman of Schiffgold, a precious metals dealer specializing in gold and silver bullion.
As you can see bitcoin is much closer to its ceiling than its floor. The yellow line that was once support is now resistance. Since the upside potential is so low and downside risk so high, the smart move is to sell today.While some people thanked Schiff for his advice, many criticized the economist for telling people to sell at the bottom and causing panic selling. “Just one advice for you: write these things when bitcoin is around top and you just might help someone.
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