The Crypto space is fast-paced and dynamic. Even for experienced investors, the pace of changes and the unpredictability are daunting, especially if an investor is not acquainted with complex statistical forecasts. Novice traders as well need professional advice for optimal trading to hedge risks.
Few experts can give correct insights into the Crypto market. One of the few analysts is Atlanta-based Ben Armstrong, who uses the name Bitboy on his social media handles. Scott Melker is another market analyst with a deep understanding of the market. The article explores whether investors can rely on his recommendations while transacting in the Crypto market.
Bitboy Warned of the Celsius Debacle
Bitboy has advised investors to divest from Celsius, warning them of a looming crash. True to his prediction, the Crypto lender has become insolvent and has gone down with millions of dollars in depositors’ wealth. Armstrong noted that the platform was going under last month, and investors who listened to him may have been able to safeguard their Crypto wealth.
It is, however, unclear whether the FUDs exacerbated the downfall of Celsius from Bitboy. At the time, other platforms such as Coinbase were facing a tumultuous time as the Crypto winter battered the market.
Followers Can Get Free Advisory Services on Crypto
On YouTube, the Crypto analyst has over 1.5 million subscribers, while on Twitter, he has 900,000 followers. He usually delves into price analysis and forecasts for leading Cryptos such as Cardano, Solana, Ripple, Bitcoin, and more.
He also highlights the trending news in the world of Blockchain. The adoption of Ethereum code in designing platforms for digital assets has been on an upward trend. The Itau Unibanco and the Central Bank of South Korea are building tokenization platforms on the Ethereum protocol.
According to the Washington Post, Bitboy analytics tends to advise investors to hodl in a bear market in anticipation of a bull run. Steven Zeitchik, The Washington Post writer, is skeptical of Armstrong’s perspective. However, the Crypto enthusiast sold off 6 BTC for $1,700 in 2013 at a Cybercafé. Had he hodled, the same would be worth over $100,000 today. He, therefore, understands the intricacies of the Crypto market trends to predict bulls and bears.
The Analyst Also Sells His Lifestyle
Traditional financial advisers exude professionalism and refer to finance jargons that lay people do not comprehend. On the other hand, Armstrong dons a beard and grooms casually, and he often veers off the topic by highlighting his lifestyle as an investor who lets his money work for him. A moose hunt in Alaska, an Atlanta United face-off from a luxury box, and other luxuries that only the high-net-worth individuals can afford. Nonetheless, Ben Armstrong shows that Crypto investment can accord investors a lifestyle they aspire to attain.