Buying Cryptocoin On Sale – The Recent Market Plunge Could be the Buying Opportunity of a Lifetime
What’s happening with Bitcoin in South Korea is spooking a lot of people. I get the sense that there is a massive sell off in South Korea due to the new mandates eliminating anonymous transactions couples with their intention to tax the income Bitcoin exchanges earn. This sell off then went global as people suffering from FUD are prevailing over the people with FOMO. That’s a shame because practically every cryptocurrency can be acquired at bargain basement prices. That’s why buying cryptocoin on sale makes total sense.
I see both of the Bitcoin moves in South Korea as positives as when all is said and done, Bitcoin will gain a higher level of legitimacy and stabilize. I predict, basing my forecasts on historical performance, that Bitcoin will rebound and hit fresh highs this year beyond imagination. Some experts predict BTC at $40,000, $60,000 or even $100,000 this year. That’s why buying cryptocoin on sale — while it’s still on sale — is in all probability a very smart digital currency investment move.
The key to long-term success with any cryptocoin investment is to HODL and sell when it’s high, ideally at an all-time high. So many investors have shared their tales of woe and loss when they sold in a panic only to see their coin bounce back even higher than before. You can almost feel their pain in realizing how much money they would’ve made if only waited.
Benjamin Franklin once wrote that when one finds something on sale he should stock up on it. With cryptocoin prices so low cryptocoin is essentially on sale. That’s why buying cryptocoin on sale makes so much sense. While there is inherent risk to any investment and cryptocoin values may go down even more, history tells us that after every dip comes a fresh rise. And, like always, Bitcoin will lead the way.
As with any investment instrument, buying low and selling high is the key to maximizing profits. That’s why buying cryptocoin on sale — as it is right now — is a sound strategy. Then just HODL and wait for the next market moves to see what new cryptocoin price highs may happen next.
One of Benjamin Franklin’s most famous quotes comes to mind: “He that can have patience can have what he will.”