Latest news with #Innerdev
Time of India
4 days ago
- Business
- Time of India
Crypto whale issues chilling warning: Don't hold too long on Bitcoin, Ethereum, or XRP
A famous crypto expert called Innerdevcrypto said he is still bullish on Bitcoin but gave a strong warning about holding it too long. He posted on X that Bitcoin might grow 10x in the next 5–10 years and maybe even reach the same level as gold's market value. But he also warned people not to just hold forever without taking some profits — enjoy the gains when they come. Innerdev said that in bull markets, Bitcoin can fall 30% and other altcoins can drop 50% — this is normal but risky, according to the report by Benzinga. Explore courses from Top Institutes in Select a Course Category Degree CXO PGDM Project Management Artificial Intelligence healthcare Data Analytics MBA Data Science Technology Design Thinking Finance others Digital Marketing Leadership Product Management Cybersecurity Others Management Public Policy Operations Management Healthcare MCA Data Science Skills you'll gain: Data-Driven Decision-Making Strategic Leadership and Transformation Global Business Acumen Comprehensive Business Expertise Duration: 2 Years University of Western Australia UWA Global MBA Starts on Jun 28, 2024 Get Details ALSO READ: George W. Bush fumes after daughter Jenna asks about Obama divorce: 'I know them, it isn't true' by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now Don't hold forever, take some gains So, people should not just believe in crypto forever — they should also have a plan to manage risk and know when to take profits. He mentioned even popular coins and NFTs like Solana, Sui, and Pudgy Penguins are still very volatile, as per the reports. He clearly said, "Take some profits on the way up" — use that money to do things that matter in real life. In another post on X, Innerdev said if you make money in crypto, use it to take care of your health, enjoy time with family, or have special life experiences, according to the report by Benzinga. Live Events He warned people not to become "bitter maxis", people who hold too long and never enjoy their money — instead, live a little while investing smartly, as per the reports. ALSO READ: Memecoin market rockets $17 billion in a month — Solana launchpad hype fuels the fire What other experts are saying Crypto Batman, another crypto analyst, said the Bitcoin-to-Gold ratio has broken out of a long-standing pattern — this is a strong bullish signal. He explained that the chart is now retesting resistance as support, which usually means the price could go way higher next, as stated by the reports. Alex Wacy, a known crypto researcher, compared Bitcoin's current chart to gold's big breakout in 1979 — he said it looks "uncannily similar." Wacy believes Bitcoin might be repeating history and could soon have a huge parabolic rise just like gold did back then, as stated by Benzinga report. FAQs Q1. Should I hold Bitcoin for a long time? Not always — experts say take profits at the right time and avoid holding forever. Q2. Is Bitcoin still expected to grow? Yes, it may grow 10x in the next 5–10 years, but with big ups and downs.
Yahoo
4 days ago
- Business
- Yahoo
Are You Up On Your Bitcoin, ETH, XRP Holdings? 'Take Out Enough,' Prominent Whale Cautions
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Prominent crypto voice Innerdevcrypto remains firmly bullish on Bitcoin (CRYPTO: BTC) but noted the risks in trading and advised taking profits at the right time. What Happened: Innerdevcrypto took to X to predict it could eventually match or surpass gold's market capitalization, representing a 10x upside over the next 5–10 years. In a series of posts, he also warned against becoming a long-term holder who never cashes out or enjoys the journey. Trending: Tired of Grid Failures and Charging Deserts? This Startup Has a Solar Fix and $25M+ in Sales — While long-term conviction is important, Innerdev stresses that 30% pullbacks on Bitcoin and 50% corrections in altcoins are routine in bull markets. Therefore, traders must have both risk management and profit-taking strategies in place. He reminds traders that even strong altcoins and NFTs like Solana, Sui, and Pudgy Penguins come with volatility. 'Take some profits on the way up," he advised, reminding the community that financial gains should translate into real-life benefits. In another X post, Innerdevcrypto emphasizes whether it's health, family, or memorable experiences, he encouraged using some of your crypto wealth to live well now, instead of endlessly waiting for a future top. Don't become the bitter maxi who never lived, he added, advocating for balance between holding and Next: Other analysts are also noting historic technical setups: Crypto Batman highlighted the Bitcoin-to-Gold ratio, which recently broke out of a long-standing range and is now retesting resistance as support, a classic bullish setup. If confirmed, this could spark the next leg up. Alex Wacy, a respected crypto researcher, compared Bitcoin's current positioning to gold's breakout in 1979, calling the chart 'uncannily similar.' He noted, 'This is not a different era, it's a repeat of history,' signalling that Bitcoin may be on the verge of a historic parabolic Next: Named a TIME Best Invention and Backed by 5,000+ Users, Kara's Air-to-Water Pod Cuts Plastic and Costs — And You Can Invest At Just $6.37/Share If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends would you invest in it? Image: Shutterstock This article Are You Up On Your Bitcoin, ETH, XRP Holdings? 'Take Out Enough,' Prominent Whale Cautions originally appeared on Sign in to access your portfolio
