Tuesday, February 25, 2020

Chinese Billionaire Advises Investors To ‘Buy Bitcoin While Bearish State’

Elizabeth Jamie
Jamie Elizabeth is a Mass Communication Graduate from the Philippines, knowledgeable in the field of cryptocurrencies, blockchain etc., currently enjoying freelance writing, and able to write anything under the sun.

“If you and I believe in the future of Bitcoin, so it is best to hold as much as possible when nobody cares.”

‘Buy Bitcoins While The Hype Is Not High’

As the old saying goes, ‘the two most powerful warriors are patience and time’. This saying corresponded to the current advice of Chinese billionaire, Zhao Dong, in his comments in WeChat– a messaging and social media app.

The group wherein Dong expressed his opinion about bitcoins is called ‘The Public Chain Alliance Crossing The Bulls And Bears Elite Team.’

According to him, now is the time for investors to buy and invest their money on bitcoins since the platform is no longer making any attention from the masses compared to its 2017 hype.

“For most people, if they don’t pay attention to Bitcoin now, they won’t pay much attention to most of the time, so for them, only how many tens of thousands of bitcoins will break them will be noticed again.”

Investing On Bears Than In Bulls

As suggested by him, for the market to start its bullish rate again, investors must continue to support bitcoin and give patience to its redeeming market over time.

Ironically, Dong also explained that people should not invest on cryptos– specifically bitcoins– when the bullish market strikes. As explained by him, it is not easier for investors to make quick money in the bullish market, as a matter of fact, it is harder to earn money within these days.

“In the bull market, I don’t persuade people to buy Bitcoin, because it seems easy to make quick money but in fact it is not. Now [in the bear market], I start to talk people into buying Bitcoin.”

Dong is also known for his bitcoin predictions, and when asked about his predictions on the next years to come, he said that:

“For 2019, everyone should just try to have a good winter. 2020 would bring the spring, with summer not expected until 2021.”

‘Just Be Patient’

Dong also reiterates that entrepreneurs should be patient with the market of bitcoin since many businesses were already quitting in the field. He said that these incidences give an outstanding position for other businesses since their competitions were low on their feet.

Given the status of most bitcoin-related businesses, the worst time could also be the best time, according to Dong.

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