How would Laszio feel today?

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Today, a record has been set by the first ever cryptocurrency after BTC broke the $20,000 barrier to hit an all-time high of $20,891. Accidentally, I stumbled on this photo of bitcoin and pizza. History has it that on May 22nd, 2010 the bearer Laszio Hanyec purchased 2 pizzas with 10,000 BTC. What an expensive pizza that was!

And now I ask, how would Laszio be feeling today as BTC soars above $20,000 mark price? If it were me, I'd feel really really terrible. It is his money as for but I just think he made a wrong choice. And maybe, he didn't deeply understand the technology he invested in because if he did, he wouldn't have spent all that volume of BTC on just mere pizza.

It thus necessary for one to fully understand a business or project before investing in it else, such individual may not fully profit from his investment. When you understand a project fully, you will be confident of its ability to grow to a meaningful level in the future hence, there will be no panic selling off.

10,000 BTC is worth about $208,000,000 today at Bitcoin's current price. Patience and hodling is one of the best analysis method if you ask me. But then again, hodling isn't that easy after although it appears easy. It is only long-term driven traders that get to HODL and I'm trying to learn this art.

It is impressive to see BTC soaring very high amid the Corona Virus saga and economic downturn across the world. Bitcoin is simply one of the best assets one can hold in a bid to hedge against the future financially. The percentage returns BTC and cryptocurrency has given to many persons cannot be found in any other assets this.

Now, what next? Should we expect a dump or more pump?

Posted Using LeoFinance Beta



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