CRYPTO EXPERT WARNS DIPS IN PRICE ARE ‘NORMAL’
Antony Portno, founder of Traders of Crypto, commented on the falling price of crypto.
“Volatility is just part and parcel of investing in crypto, a 10 per cent movement over the course of an hour isn’t too out of the ordinary. This isn’t a time to get bogged down with the negativity, we have just seen an incredible moment of history with the adoption of Bitcoin in El Salvador.
“In order to be comfortable investing in crypto, you have to be mindful of the fact that it is a volatile market, you have to be in it for the long run.
“There have been a few weeks of positive price action, where it seems some traders have followed the ‘buy on rumour, sell on news’ mantra.
“Despite the small dip in the market over the past day or so, most currencies are still up on what they were one week ago, so it is always better to look at the bigger picture because if you focus too short term you won’t ever hold on to anything meaningful.”