Thomas Lee, a former stock analyst now turned crypto expert has made some declarations to Bloomberg making recommendations for investing in the crypto market as it stands today. He said fundamentally that crypto is a business based on opportunity, and that most gains come from one-day rallies.
Thomas compared and made an analysis of the best days of rallies per year since 2013 and found out something interesting: in most cases, the year gains were determined from the addition of the “best days” gain percentage. All years correlate with this trend, except 2014, when the market experienced a sensible drop.
To him, the key word is patience. The bear market we have seen almost all this year since the astounding December rally could change in ten or twelve good days. So, even if the market seems low, and there’s no much movement or incentive to buy; in the long run, it would be a smart choice. Hodling is not as irrational as one would think then, at least for the main cryptocurrencies.
He also foresighted a called “purgatory” period on the market, when prices will be dropping or stagnating; produced by the regulatory initiatives from the SEC in the USA and from other regulatory bodies worldwide; and the possible classification of some tokens as securities. We will see if he is right in the next months, or if the market keeps stagnating and dropping to new lows.