Mark Cuban: Bitcoin’s performance will be similar to the Internet stock bubble
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Answer Mark Cuban: Bitcoin’s performance will be similar to the Internet stock bubble
With the increase in the media momentum around Bitcoin, the focus of interest in Bitcoin has increased by investors and billionaires.
Mark Cuban, one of the billionaire investors who is one of the famous names in the world, recently had the opportunity to comment on Bitcoin by saying:
Bitcoin and Ethereum can be compared to the Internet stock bubble.
Mark Cuban: Crypto is like a dotcom bubble
The recent fluctuation in the price of Bitcoin surprised many.
Although analysts with sufficient experience warned of the possibility of such a correction long ago.
Billionaire investor Mark Cuban tweeted about Bitcoin yesterday:
Read:A new scam targeting XRP investors…details here
Cryptocurrencies are just like the internet stock bubble. exactly.
When you watch cryptocurrency trading, it is just like an internet stock bubble. exactly. I think btc, eth and some others will be similar to the ones that were built during the dotcom era, survived the bubble burst and thrived, like AMZN, EBay and Priceline. won’t do much
– Mark Cuban (@mcuban) January 11, 2021
He also focused his tweets on big cryptocurrencies such as Bitcoin and Ethereum.
Speaking about digital currencies chirp Cuban by saying:
I think Bitcoin, Ethereum and some other currencies will be similar to those that were built during the dotcom era, survived the bubble burst and thrived, like Amazon and eBay…
The road is full of obstacles and dangers:
While Cuban seems somewhat convinced that the leading cryptocurrencies will prevail and will stand the test of time, he also believes that many fortunes will be lost and hidden, and time will prove who has the guts to hoard and who doesn’t.
Read:Turkish city plans to launch its own digital currency!
Cuban also spoke fondly of hedging as an important necessity for those who want long-term profits.
The investor also challenged people trying to justify the current prices of cryptocurrencies, stating in this regard, by saying:
It is driven by supply and demand and all the stories about the downturn, finances, etc., are just sales promotions.
Read:A decentralized finance project based on the “Solana” blockchain escapes with investors’ money!
Currently the biggest strong explanation is scarcity versus demand.
Cuban touched on the risks of borrowing in order to invest in a risky market and highlighted the importance of risk management.
For our part, we take the opportunity to address this matter to emphasize that it is very dangerous to borrow money in order to trade in digital currencies, as the crypto market is characterized by strong volatility and the possibility of losing all money in a short period of time, so be careful and enter money that you can lose 100% without affecting on the course of your life.
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