Bittime - Arthur Hayes, an influential figure in the crypto industry, provides an interesting view on crypto. He predicts that there will be a decrease in crypto volatility, making it the right moment to gradually increase ownership of crypto assets.
Lessons from Rising and Falling Prices
Hayes observed behavioral patterns of crypto investors. He criticized investors who were lulled into buying Solana for under $10 and then rushing to sell when the price reached $200. On the contrary, smart investors will maintain their holdings during the 2021-2023 bull market phase.
According to him, the trend that occurs during a bear market is that investors switch fiat holdings to crypto. However, when crypto prices rose in the first quarter of 2024, they actually released their holdings.
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Switch to Bitcoin
Hayes believes that the decision to exchange less prospective crypto coins for Bitcoin was the right move. Bitcoin, according to him, is the most powerful crypto asset in history.
However, he reminded investors to avoid the mistake of exchanging their crypto coins for fiat, especially if the fiat is not needed in the near future. The reason is that the current fiat currency will continue to be printed until the financial system experiences major changes.
Opportunities in the Midst of a Bearish Market
Hayes emphasized that bull market phases are rare so missing the opportunity to maximize profits is a big loss. He believes that true crypto investors will continue to invest and maintain their holdings in the long term.
According to him, the currency devaluation policy carried out by many countries to reduce the national debt burden is a fundamental factor that drives crypto prices up. This condition is a reason for investors to refrain from selling and instead increase their crypto holdings gradually.
Also Read How to Buy Crypto:
Preparing Yourself for the Golden Period
Hayes is optimistic that the period after US Tax Day (income tax reporting date in the United States) and the subsequent Bitcoin halving will offer more opportunities in the crypto market.
He predicts a decrease in crypto volatility so that investors can take advantage of this moment to increase their holdings gradually. The next few months, according to Hayes, will be a golden opportunity to accumulate crypto assets.
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How to Buy Crypto with Bittime
You can buy and sell crypto assets in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime , make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Learn Complete Guide How to Buy Crypto on Bittime .
Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also Read:
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DISCLAIMER : This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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