Veteran investor Mark Mobiis expects Bitcoin to fall further – warns crypto traders not to buy Dip – Markets and Prices Bitcoin News

Mark Mobius, co-founder and founder of Mobius Capital, has warned cryptocurrency traders not to use the “Buy Dip Strategy” strategy. Some temporary relief comes at a cost of $ 20,000 and expects Bitcoin prices to fall further.

Mark Mobius Warning and its Bitcoin Bitcoin Prediction

In an interview with Financial News Friday, Mark Mobius, co-founder of Mobiis Capital Partners, warned against buying crypto traders. He also shared price forecasts and forecasts for bitcoin.

Mobius was the CEO of the Templeton Emerging Markets Group before starting his own company. A.D. He joined Templeton in 1987 and manages more than $ 50 billion in new market portfolios.

Some crypto traders have previously acknowledged the effectiveness of the “Buy Dip Strategy” and emphasized that it is not a strategy that the market is still paying for while it is still falling apart. The 85-year-old Mobius Capital founder, in particular, commented on the purchase of Bitcoin Bitcoin.

Bitcoin does not work at this time until it reaches $ 20,000. There may be some ups and downs, but the next target is $ 10,000.

Some people have issued similar warnings on social media, especially after the fall of terrausd (UST) and terra (LUNA). UST has lost ground against the US dollar and is currently trading at $ 0.11, while LUNA is in vain.

“Terra Luna will give you a perfect example of why you should not always ‘buy the baptism,'” Gold Singer Peter Schiff said on Twitter on Thursday. “Luna dropped by 98% yesterday. If you buy that dip, the crash has a big buying potential. Today you lost 99.3%. This can happen to any crypto.

However, many Bitcoin investors do not buy a dip to give the market a quick boost; They plan to hold their BTC for a long time. They believe that the price of a laptop this year will reach $ 100,000, for example, they are happy that the price is lower than the target.

Mobius has long been a skeptic of bitcoin. In October, cryptocurrency “could really explode,” he told a news outlet, stressing that central banks “should pay attention” to the threat.

He does not see it as a ploy by people to invest in cryptocurrency in November. “It’s a way of guessing and having fun. But then you have to return to the stock market at the end of the day. ”

Tags in this story

Bitcoin, Bitcoin Down, Bitcoins Fall, Bitcoin Color Prediction, Buy Dip, Buy Dip, Crypto, Crypto Prediction, Crypto Currency, Mark Mobius, Mobius Capital, Veteran Investor, Veteran Trader

What do you think about Mark Mobius’ warning? Let us know in the comments section below.

Kevin Helms

Kevin, an Austrian economics student, acquired Bitcoin in 2011 and has been an evangelist ever since. His interests lie in the relationship between Bitcoin security, open source systems, network impacts and economics and encryption.

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