Popular cryptocurrency analyst Willy Woo expects the final explosive growth of Bitcoin in the currentcycle and believes that selling bitcoins now would be extremely imprudent.
Wu stated that this is the year we will seethe final stage of the explosive growth of the rate of the first cryptocurrency, which will be the last for a three-year "bullish cycle". Now the bitcoin rate is at a local bottom and there is no point in selling your BTC reserves - on the contrary, now is a good time to gain a position.
“You have to be crazy to sell right now. At the bottom, they are now buying off in huge volumes and we know that, as Rick Astley sings, we will not be let down ", - the analyst jokingly noted.
In support of his statement thatBitcoin is unlikely to decline in the near future, Wu recalled large-scale transfers of BTC from the Coinbase cryptocurrency exchange to cold wallets - this suggests that the "whales" are being purchased and are waiting for the growth of the first cryptocurrency.
“Maybe some large company buys,or a private hedge fund, or several such organizations. But this suggests that large-scale purchases of coins are taking place on Coinbase, and this exchange is popular among American financial institutions ", - said the analyst.
Wu thinks 2021 will be finalfor the current bullish cycle. Usually, it is at the end of the cycle that the most significant asset growth occurs. Earlier, the analyst noted that up to 100,000 new customers are registered on cryptocurrency exchanges every day, which is also a positive signal for Bitcoin.
Where is it more profitable to buy bitcoin? TOP-5 exchanges
For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposits and withdrawals of funds inrubles, hryvnias, dollars and euros.
The reliability of the site is primarily determinedtrading volume and number of users. By all key metrics, the largest cryptocurrency exchange in the world is Binance. Binance is also the most popular crypto exchange in Russia and the CIS, since it has the largest cash turnover and supports transfers in rubles from bank cardsVisa / MasterCardand payment systemsQIWI, Advcash, Payeer.
Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?
Rating of cryptocurrency exchanges:
| # | Exchange: | Website: | Rating: |
|---|---|---|---|
| 1 | Binance (Editor's Choice) | https://binance.com | 9.7 |
| 2 | Bybit | https://bybit.com | 7.5 |
| 3 | OKEx | https://okex.com | 7.1 |
| 4 | Exmo | https://exmo.me | 6.9 |
| 5 | Huobi | https://huobi.com | 6.5 |
The criteria by which the rating is set in our rating of crypto-exchanges:
- Work reliability— stability of access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the duration of the market and daily trading volume.
- Commissions– the amount of commission for trading operations within the platform and withdrawal of assets.
- Feedback and support– we analyze user reviews and the quality of technical support.
- Convenience of the interface– we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
- Platform Features– availability of additional features — futures, options, staking, etc.
- final grade– the average number of points for all indicators determines the place in the ranking.
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