A venture capitalist, Fred Wilson, suggested that bitcoin investors should make purchases after declines due to current events that make it worth investing in the cryptocurrency sector.
Fred Wilson commented on the situation on Bitcoin in the entry on his blog:
“We’re in the cycle after the crypto crash and it made the sector interesting for me again. The prices are definitely lower and there is a lot of work on the projects we have invested in, as well as the ones we want to invest in. “
Wilson therefore proposes an approach that we all know from saying “buy cheap, sell expensive.”
The need for patience
Fred Wilson’s online voice has also appeared on Twitter. The investor joined the exchange, where he left a comment under the banner of Chris Burniske, partner of the New York startup Placeholder Ventures, who quoted Wilson four years ago.
Chris Burniske wrote this week on Twitter:
“Wilson” replied that:
“It requires a lot of patience. We did not really receive payment for it until 2006/2007 after the internet bubble. “
However, as with any “forecast” that we meet on the web, be careful and make decisions yourself.
The approaching bottom.
Fred Wilson this year has already had a somewhat broader comment on the cryptocurrency market. He believes that the Bitcoin crisis is approaching the bottom.
Importantly, the whole process of determining this bottom can take up to a year. During this time, the investor expects several upward rallies, while the market will remain under pressure throughout 2019.