Well-known Chinese OTC-trader and cryptocurrency billionaire Zhao Dong (Zhao Dong) believes that the next 15 months is the ideal time to acquire cryptocurrencies. According to Dong, you need to choose “quality undervalued project”, purchase tokens and sell them for a long time.
“Investors should prefer a bear market, where cheaply to buy undervalued cryptocurrency for profit in the long term,” he said. “It’s not only cheap to buy cryptocurrency – have them not sell.”
Dong recommends to keep the cryptocurrency in the period of three years. It’s probably time chosen based on previous experience, as in the period from 2014 to 2017, the bitcoin has shown real price rally.
“Winter ahead, but spring is still far away. But most investors struggle to cope with the waiting,” he said.
After significant growth in the past year, in 2018 the price of bitcoin fell almost 70%, however, given the bearish sentiment in the cryptocurrency market has not prevented the majority of investors to invest in the cryptocurrency. A recent survey showed that they still are very optimistic, despite a sharp market correction – 59% cryptocurrency accredited investors and nearly three-quarters of retail investors plan to increase their investments in the next 12 months. With 57% of investors and 66% of consumers expect higher estimates of cryptocurrencies in the next year.