Bitcoin Panic Selling: Great Entry Point to Get in?

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Published on :

15 August, 2018

Bitcoin Panic Selling as Price Levels Out Around $6,344

Brian Kelly, Brian Kelly Capital founder and “Fast Money” trader, and Sheri Kaiserman, Maco.la principal advisor, discuss the sell-off in bitcoin and their outlooks for the crypto space.

"What you are seeing now is a lot of panic selling," claims Kelly. "Investors that were in it, caught the hype in November, December, or projects that raised funds in ethereum or bitcoin are now panic selling out, so when I look at this for me, it is one of the better entry points we have had in a long time, particularly when you view it against where support is for bitcoin.... as well as the short interest, which is almost at records."

Bitcoin now represents as much as 80% of all transactions at some online gambling establishments.

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