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Investors Can Look Forward With Bitcoin and Ether: Tweets Mac

Analytics

coinedition.com 24 November 2022 16:42, UTC
  
Reading time: ~2 m

The free crypto content space account, Mac, tweeted that Bitcoin (BTC) and Ether (ETH) are the only digital assets that can be stacked for the long term, adding that “everything else is a Ponzi you should trade in short term cycles.”

The platform tweeted the ideas regarding long-term investments in crypto as a “piece of advice”:

I know several people that were stacking $FTT long term

Honestly let me give you one piece of advice after all these years in #crypto

The only two assets you should be stacking long term are $BTC and $ETH

everything else is a ponzi you should trade in short term cycles.

— Mac 🐺 (@MacnBTC) November 24, 2022

Additionally, Mac tweeted that many investors had been stacking FTT on a long-term basis and had been severely affected by the crash.

Significantly, both BTC and ETH have been traveling through a reasonable trajectory despite the fall of FTX. The robust infrastructure and technologies of the blockchains may be one of the reasons for their unshattered condition as commented by Cathie Wood, the founder and CEO of Arc Invest. Furthermore, the hash rate of the Bitcoin network is currently at 258.99 M which is a change of 74.07% from one year ago. As Cathie Wood stated, the all-time high hash rate of BTC is a positive indicator of the long-term security of Bitcoins.

Bitcoin Hashrate

Though the whole world of crypto had been highly affected after the fall of FTX and prices of almost all the cryptos were highly volatile, the positions of both BTC and ETH have been comparatively stable.

Notably, ETH is currently trading at a rate lower than $1,600 which could be a positive sign for the traders to purchase more coins intending to accumulate in the future.


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