íàçâàíèå

Clem Chambers on BTC Trading: “If You Treat Bitcoin as a Casino, It Will Treat You as a Gambler”

Clem Chambers on BTC Trading: “If You Treat Bitcoin as a Casino, It Will Treat You as a Gambler”

Clem Chambers does not hesitate to share his enthusiasm for the potential of crypto to revolutionize the world of finances. In a recent interview with Kitco News, the famous investor and author of Amazon Best-Seller 101 Ways to Pick Stock Market Winners said that because of its characteristics, Bitcoin (BTC) is superior to gold and even traditional money.

One of the books written by Clem Chambers

Chambers who also wrote Trading Cryptocurrencies: A Beginners Guide – Bitcoin, Ethereum, Litecoin explained that Bitcoin is on a bullish streak that has been fueled by the trade war between China and the United States:

As far as Im concerned its the trade war with China The Chinese have always been big Bitcoin people and I think theyre afraid that the Renminbi, Yuan or whatever you want to call their own currency is gonna get, you know, knocked down.

“I think theres a rush to buy a Bitcoin in China he said, noting that one of the reasons could be its convenience to put large ammounts of money out of the country

Chambers also asserted that in addition to the commercial war against China, U.S. threats to bomb the Syrian people and declare a military conflict have also strongly stimulated a massive purchase of cryptocurrencies:

Theres also a lot of interest in Iran at the moment because obviously, America might be dropping its bombs on the unfriendly guys over there and I think thats also driving quite a lot of Bitcoin purchasing

Clem Chambers does not believe that institutions are playing an important role in pricing Bitcoin (and the crypto marketin general.) From his point of view, institutions are years away from reallyengaging and simplyview cryptocurrencies as a weird thing considered by many as magic money.

He explained that the market for crypto has a lot of potentials to grow. Chambers made an analogy with Apple, explaining that although crypto users show a strong enthusiasm for this technology, its value is still much lower than it should be:

Its aggressive to say that the whole of the crypto space is equivalent to one stock like Disney so its a tinytinytiny market but it has a massive a massive amount of interest particularly amongst the so-called Millennials and particularly amongst people out in Asia

Mr. Chambers believes Bitcoin outperforms gold in convenience and security, however from his point of view, BTC is a better form of money than a simple storage of value.

Clem Chambers concluded the interview explaining that the market is so young it turned out to be a gift for experienced traders as it is veryeasy to predict, but for novice traders, high volatility makes trading a dangerous practice. However, he called on his followers to investigate deeply before trading and not rely on luck:

If you go in there and you treat Bitcoin like a casino, it will treat you like a gambler and youll probably lose your investment,”

Full interview available here:


The post Clem Chambers on BTC Trading: “If You Treat Bitcoin as a Casino, It Will Treat You as a Gambler” appeared first on Ethereum World News.

05.06.2019 / 15:20 33
Google Trends Indicate Worst is Over for Bitcoin Google Trends Indicate Worst is Over
Stock Market Maven, CEO, and author Clem Chambers believes Google Trends statistics for the search term Bitcoin are telling us that the worst is over
Bitcoin Price Rally was Due to Chinese Currency Devaluation, Says Expert Bitcoin Price Rally was Due to Chinese
Image courtesy of Ethereum World News archivesClem Chambers is confident that an influx of Chinese money into the market caused the recent Bitcoin
Bitcoin Could Be Worth $20K, $200k, or even $2 million, Predicts Expert Bitcoin Could Be Worth $20K, $200k, or
Image courtesy of Ethereum World News archiveClem Chambers believes that Bitcoin is a logarithmic asset. The CEO of ADVFN, a private investor
The best Prediction Ever! Bitcoin Prices Around 2k and 100k, Clem Chamber Says The best Prediction Ever! Bitcoin
Extreme volatility has characterized the price of cryptocurrencies. That is a well-known fact to any novice or expert investor. Indeed, an unwritten
Bitcoin Will Likely Slump to $2,000 Before it Reaches $20,000 Bitcoin Will Likely Slump to $2,000
Image courtesy of Ethereum World News archivesSince the start of the second half of 2018, Bitcoin has been on a mini-revival. Clem Chambers, the CEO
‘Bitcoin is on the Ledge of Another Heavy Fall,’ Says ADVFN CEO ‘Bitcoin is on the Ledge of Another
Clem Chambers, CEO of stocks and investment website ADVFN, believes “Bitcoin is on the ledge of another heavy fall,” but is simply following its
Comments (0)
Add a comment
Comment on