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The Daily Hodl
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Stock Market Analyst and Crypto Skeptic Buys His First Bitcoin – BTC, Ethereum, XRP Price Analysis

by Daily Hodl Staff
March 12, 2019
in Trading
‏‏‎ ‏‏‎ ‏‏‎ ‏‏‎
‎‎‎ ‏‏‎

A Swiss investor who predicted the 1987 stock market crash and the Great Recession just bought his first Bitcoin. Marc Faber, a former crypto skeptic, told the Swiss media outlet Cash that he now finds the price of BTC attractive after its fall from nearly $20,000. He believes Bitcoin could become an effective global currency, but warns people should only invest what they can afford to lose.

“I bought Bitcoin for the first time 10 days ago. It’s not certain, but possible, that Bitcoin will be the standard for money transfers.”

Right now, the crypto markets are mostly in the green, with Bitcoin moving sideways up 0.02% at $3,890. Ethereum is up 0.94% at $133, and XRP is down 0.72% at $0.3100 at time of publishing.

Source: Coin360

Technical analysts are trying to gauge the short-term outlook, with CoinDesk saying Bitcoin may be poised to rise above $4,200 in the near future.

Bitcoin

CoinDesk  – Bitcoin approaches ‘bull cross’, could rise toward $4,236

NewsBTC – Key reversal could trigger additional losses

FXStreet – BTC/USD a $3000 retest is not yet out of the picture

Ethereum

Cointelegraph – Short term outlook points to a consolidation

NewsBTC – ETH at continued risk of weakness

Live Bitcoin News – ETH primed for additional losses

XRP

Blockonomi – Downside thrust before fresh rebound

NewsBTC – XRP buyers To defend key $0.3000 support?

FXStreet – XRP not poised to lead market movement

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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