Tuesday, September 17, 2019

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

“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.

Related Article:  Bitmain Closes Israel Branch; Leaving Investors Worried

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

More Articles

Israel’s Securities Regulator Upgrades Cybersecurity with Blockchain

The Israel Securities Authority (ISA) is quietly integrated blockchain technology within its internal systems providing certain information for reports and information to competent authorities...

How do I get bitcoins?

Bitcoins are all the rage these days because their price keeps going up. Everyone wants to invest in them and earn money through them....

Barclays Bank Partners With Major Powerhouses to Sponsor Hackathon

Barclays, famous British investment bank, is now in a watering partnership with the Big-Three market majors:  Deloitte, ISDA and Thomson Reuters, in a bid...

Benefits of Owning a Bitcoin Wallet on a Smartphone

If you own Bitcoin, then a crucial step is to know how to safely store it in order not to lose your...

Is the Bitcoin SV Embargo Good for the Crypto...

In essence, one can describe the crypto space as a group of tech-savvy individuals who are very entrenched into the coins or...

China Banning Bitcoin Miners

The People’s Republic of China has effectively banned both bitcoin and ICOs and in retrospect it was perhaps inevitable that is now appearing to...

The CEO of A Cryptocurrency Mining Firm In Vietnam...

Le Minh Tam, the CEO of Ho Chi Minh City-based, Sky Mining - a crypto mining firm in Vietnam, allegedly stole $35 million of...

Blockchain Jobs Rated Among the Top 10 Fastest Growing...

According to Crypterium, a media platform on January 29, online jobs have been on the rise in 2018 and the same might be the...

Canadian Bank Soon Offers Digital Crypto Deposit Box

No need to be anxious on your crypto assets now as a Canadian bank will soon offer its newest digital deposit box for all...

Study Finds ICOs Yield 180% ROI On Average

A study has found that the average return on investment for Initial Coin Offerings is more than 180% of the invested amount, available in...

MIT: Blockchain to Gain Mainstream Adoption in 2019

A new study carried out by the Massachusetts Institute of Technology (MIT) predicts blockchain technology to gain mainstream adoption this year contrary to past...

Tokenized Bitcoin WBTC Launched on Ethereum Platform

The much-awaited Wrapped Bitcoin (WBTC) has now been finally launched as promised this month, becoming the first tokenized Bitcoin ERC20 token launched on the...

Latest Articles

Sygnum Becomes World’s First Licenced and Regulated Digital Asset...

Swiss-based Sygnum, a digital asset investment and solutions provider, has become one of the world's first licensed and regulated digital asset banks after receiving...

The Easiest Way to Pass Your Microsoft MCSA MD-100:...

If you try to think of things that don't use Information Technology in one way or another, it would be a very tough task....

Are Worries Over AI’s Effect on the Financial Jobs...

A recent study by Fountech has revealed that two-thirds of adults living in the UK are concerned that the Artificial Intelligence industry will leave...

Will Cryptocurrency Gambling Kill Land-Based Casinos?

It’s hard to deny that the internet has radically changed the gambling landscape. Sure, the common perception of gambling may still involve the glitz...

Microsoft 70-411 Exam: Everything You Need to Know

We can’t deny the fact that the world is moving towards the future faster than ever before. Not a day goes by that we...

Why US-based people can’t bet with bitcoins at online...

Online gambling using bitcoin has been happening since the time when cryptocurrency came into being. In the initial days, gamblers used to opt for...

Couple Pays For Breakfast Using Bitcoin, Community Finds This...

A Reddit user by the username u/portageco recently made a post in bitcoin's official subreddit. In his post, u/portageco boasts about how he paid...

Australian Woman Leads Adoption, Tours 10 Countries Spending Cryptocurrencies

Who says you can't go around the world spending cryptocurrencies? As many believe, cryptocurrencies are only good for speculations. But with a little research,...

Did A Physical Bitcoin Just Sell For $99k On...

As at the time of reporting, the listing on eBay had closed. This could be because the seller got a buyer or he decided...

Litecoin Now Approved In 30,000+ Stores

As cryptocurrencies gain ground, more and more technology-based firms find ways to incorporate the nascent technology into everyday life. Moon, prior to this time,...

How To Shop on Amazon with Bitcoin – Step-By-Step...

Wondered how to shop on Amazon with bitcoin? Then here's how you can purchase goods on one of the largest e-commerce websites that ships...