Why are long-term bitcoin holders considered'smart money'?
Could you please elaborate on why individuals who hold Bitcoin for the long-term are often referred to as "smart money"? What factors contribute to this perception, and how does it relate to the overall investment strategy and mindset of these individuals? Additionally, what are some of the potential advantages and drawbacks of adopting this approach to cryptocurrency investment?
Who is smart money in crypto?
Who exactly is smart money in the realm of cryptocurrency? Is it the institutional investors with deep pockets and vast resources, who seem to always have a knack for timing the market? Or perhaps it's the retail investors, armed with a keen eye for spotting undervalued projects and a willingness to take risks? Could it be the crypto whales, moving vast sums with a single click, manipulating the market to their advantage? Or maybe it's the developers and entrepreneurs, building innovative projects that revolutionize the industry? The term 'smart money' seems to have multiple interpretations in the crypto world. After all, it's not just about having money, but about having the knowledge, the instincts, and the courage to make smart decisions in this volatile and unpredictable market. So, who do you think qualifies as smart money in crypto?