As speculation continues surrounding the surge in prices of major cryptocurrencies and altcoins, prominent venture capitalist Ran Nuener urges his massive online audience to adopt a more cautious approach. He suggests viewing the situation as a marathon rather than a sprint.
“The winner is the one who ultimately wins. Those who run too fast at first will get a REKT!” Neuner said.
Investors should approach the cryptocurrency bull market with caution
In a recent X (formerly Twitter) post, Neuner advised his 736,400 followers not to rush into the cryptocurrency market as prices continue to trend upward across the board.
“Treat this bull market like a marathon (42km). “I’ve already ridden about 10km and now there are 32km left.”
“We have 20 miles of opportunity ahead of us,” he declared to his followers. Moreover, he reminds us that we don’t need to capture every trade, nor do we need to time every trade perfectly.
“Most people are in a rush to make money, so you’ll get your REKT before it’s over!”
Read more: How to Make Money in Cryptocurrency: Top 4 Ways in 2024
The Crypto Bull Run could be the biggest on record, according to analysts.
On November 14, BeInCrypto reported that Bitcoin had reached $37,000, its highest in 18 months. The increase comes amid growing optimism that U.S. regulators will soon approve spot Bitcoin exchange-traded funds (ETFs), which one analyst said could lead to the next bull market.
However, cryptocurrency analyst el_crypto_prof suggested at
The analyst said BTC recently flashed a rare buy signal that was last seen eight years ago.
Read more: Cryptocurrency Trading During the Holidays: 5 Key Historical Trends
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