Now might just be “a good time to invest” according to CNBC’s CryptoTrader

CNBC’s CryptoTrader Ran Neuner is taking a bullish approach to the state of the cryptocurrency winter at present. NeuNer recently tweeted that now might be a great time to invest in cryptocurrencies owing to the fact that although there is little positive sentiment in the industry, there is more and more development, and that this signals “a good time to invest“:

As it stands, Bitcoin has been hovering around the $4,000 USD mark. Although this is a jump from September of last year, where it was holding $6,500 USD, it is on a positive gradient from 2018’s bottom of around $3,200 USD. Sentiment since the crash last year remains grim, with users claiming that now is a good time to sell instead:

NeuNer’s comments have been met with similar mixed responses; some are offering negative opinions on the market’s state and NeuNer’s advice while others are following the “buy now” mantra.

Whether or not one believes the CryptoTrader’s advice, one should remember that the industry is volatile, and a spike could occur in either direction. The best advice we can offer is to go into a transaction with caution and that emotional buying and selling might not yield the best results. Trade safe and trade smart.

At the time of writing, Bitcoin is trading at a 0.81% decrease in day-on-day trading at a value of $4,039.15 USD.

Related Articles

Bitcoin value in Nigeria surges as cash-free society initiative expands

The adoption rate of cryptocurrency in Nigeria hits new highs and the price of Bitcoin has hit a more than 60% premium.

How is Bitcoin regulated in the United States?

Bitcoin regulation is an ever-evolving topic, especially in the United States where national legislation is impacted by individual states.

BlockFi financial leaks shows $1.2 billion FTX links

Financial information accidentally leaked in a presentation shows that BlockFi's financial ties to FTX were much higher than previously...

Genesis slapped with lawsuits amidst bankruptcy proceedings

Class action lawsuits have been filed against crypto lending platform Genesis as the firm deals with bankruptcy filings.

See All