Patience is KEY in Crypto Investment

Patience is KEY in Crypto Investment


Patience is KEY in Crypto Investment

As most of you guys probably know, Bitcoin has reached another new all-time-high today. About two weeks ago, we saw some scary volatility where massing selling was observed. And it went through a relatively long period of consolidation (about a month according to the chart). However, sticking to the game plan of only considering and analyzing the recent/current trend based on chart and news, it finally has paid off today! Not to mention that Ethereum and Ripple have also moved up dramatically and reached their all-time-high. Congratulations to all the LONGs and who have made money off of this latest move. Bitcoin and many other crypto currencies have been the best investment for the past 5 years and even going back further. You do not have to know how to trade to make money because it has been the case where buying and simply holding it showed 100%, 200%, so on so forth profits. I keep telling people around me to buy some as part of your long investment along with other types of assets, and with patience you likely will not be disappointed.

Bitcoin’s next target price in my opinion is around $66,000 to $67,000, and it would only be part of the beginning of another massive break out. Many positive news show up almost every week, if not every day, for crypto currencies especially for Bitcoin. Bitcoin is the king of cryptos and it will probably stay that way for long. The current $2 trillion market would likely be expanded to $3 trillion soon. Patience is the most important thing that should be the essential part of your investment plan. Analyzing the market and current trend are the most fundamental yet critical for your crypto investment. Do your due diligence and keep up to date with what is happening to the crypto world.

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