Bitcoin is a digital currency, and when people hold onto it with the hope that its value will increase, they are said to be “long” on Bitcoin. There is a warning that many people who are long on Bitcoin could lose a lot of money quickly if the value of Bitcoin suddenly goes down. This could happen even after Bitcoin’s value has reached new high records.
This warning follows a meeting of a group called FOMC, which influences interest rates and can affect how much people invest in Bitcoin.
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<p>The post Analyzing Bitcoin Longs: FOMC Price Records and Risks first appeared on CoinBuzzFeed.</p>
