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Peter Schiff Reviews Strategy to HODL Bitcoin: Insufficient Buying Pressure
BlockBeats News, November 3rd, Economist and cryptocurrency critic Peter Schiff commented on the "Michael Saylor Announces Strategy to Buy 397 BTC Last Week at an Average Price of $114,771" event, saying, "The amount of Bitcoin you purchased is far from enough to support the price. Unless you make a big move, the price is likely to continue to fall. Note that the current price of Bitcoin is already 6% lower than the average cost you bought in at last week."
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