Crypto billionaire Zhao Dong, a well-known Chinese OTC trader and cryptocurrency bull, believes that the next 15 months are a golden time to invest in cryptocurrency despite the overall market downturn.
“Investors should buy cryptocurrency during a bear market, when many assets are undervalued, and then simply hold them until the market recovers.”
Bitcoin's price fell nearly 70 percent in 2018, but bearish sentiment in the cryptocurrency market hasn't stopped most investors from investing in it. A recent survey showed that investors remain very optimistic despite the sharp market correction. 59% of accredited professional investors and nearly three-quarters of retail investors plan to increase their crypto holdings over the next 12 months. 57% of investors and 66% of consumers expect cryptocurrency prices to rise over the next year.
Many experienced market players advise waiting and not selling. A bear market helps filter out unqualified investors and lowers the threshold for newcomers.
“In the field of digital business, the next 15 months are the golden time of investment. Investors should look for undervalued, high-quality projects, buy and hold the assets for 3 years until the bull market returns. After that, you should either sell or hold on,” says Zhao Dong.
According to news.8btc.com
You May Also Like
Brock Pierce predicts Bitcoin will rise to $200,000
According to the co-founder of Tether, Bitcoin will reach new highs next year.
Opinion: Today Bitcoin is a lottery ticket
Former chief economist of the IMF and current professor of economics and public law at Harvard University, Kenneth Rogoff, believes that at the moment, Bitcoin and other cryptocurrencies are the same as “lottery tickets.” In an article published in The Guardian on Monday, he wrote that despite popular belief that cryptocurrencies will finally fall, it is impossible to say with certainty that their value will continue to fall.
