Bought Crypto At The All Time Highs? You're More Fortunate Than You Think.
A friendly reminder of the future possibilities never hurt anybody, so I set out to do that once again today.
If there’s one question that people ever so dearly love to express their concerns towards, it’s when is the best time to invest in crypto. Something that probably bores you all to death, as much so as it does for myself. The root stem of this question derives pretty much entirely from those who have bought at the prior all-time highs (ATH’s) or those who believe they possess the capabilities to time the market with no prior experience doing so. So, when is the best time to get involved in the cryptocurrency market?
Well, technically, it’s today, right now, yesterday, the day before, the week before, tomorrow, last month, the past hour, last year and even at the previous ATH’s. You see, the best way to provide this insight into an understandable manner and logic is to use Bitcoin’s first ever rise to $1,000 that shocked the world, something nobody would have ever expected within their imagination. If you think FOMO was strong last year, imagine back in 2014 when nothing of such gigantic growth had ever been witnessed by humanity before, especially in such a short space of time. Those who were late to the party would have been sitting aside at every stage from $100 to $1,000 waiting eagerly for the drop that never came, eventually sinking into the fear of missing out and entering near the highs of $1,000, believing the hype and news articles that $5,000 was next and then $10,000 and so forth. Except, quite the opposite happened, Bitcoin plummeted as market participants watched in disbelief as something so promising became nothing but a catastrophic devastation to their portfolio’s as they watched each day pass, resulting in a further loss of capital they had hopes of turning to millions. It’s often in these moments the overwhelming punches of emotions overturn any form of rationality and logic, something you must have in optimal form during such moments of drawdown in your investment. What many failed to understand was that the ATH’s they bought at, were temporary, time has proven so that eventually new highs are always formed once a market correction has occurred, we see this in all aspects of financial markets and several times already in the cryptocurrency market. As long as the investment is legit & sufficient to sustain external or global factors, you’re good if you take sides with the magic of time.
When Bitcoin fell back into the $100’s, those with their heads screwed on, were buying even more than they did before, because they had a new targeted price to sell their holdings at in a worst-case scenario. If Bitcoin could surge all the way to $1,000 off speculation alone, imagine what happens when global adoption occurs and more speculative investors flood the market? If you had bought at the prior ATH’s of $1,000 what you probably didn’t realise is that you had set yourself up with an incredible entry to make twenty times your initial investment by simply sitting back, trusting the process and the investments you had made. The market in its current state is no exception, price has fallen from new ATH’s back down to the levels we experienced prior to witnessing one of the greatest bull-runs of our time, which is a clear enough sign in itself that you are now upon one of the greatest opportunities of your life to get involved at once again, the ground level many will not dare to enter from.
Using just a handful of the major crypto’s as an example, here’s what would happen to your ROI (return on investment) if you were to scoop up some of the leading coins in the market at their current prices and then opt for the ‘safe’ route of selling back at the ATH’s just seen, a clear target for those experienced enough to embrace as a very-near possibility.
ETH - 4X ROI
LTC - 5X ROI
XRP - 8X ROI
BTC - 3X ROI
IOT - 7X ROI
Putting these numbers into consideration, you can see right now it’s almost a no-brainer to time at least some of your entries at the current prices we’re at, simply due to the fact the returns from this region alone will far outweigh any other investment vehicle you include in your overall investment portfolio. But what if you bought at ATH’s? Well, whilst you will have missed out on the majority of good entries from the present price ranges, nothing is stopping you adding entries at the present-day levels either. Not only would this counteract the losses from the investments at the ATH’s but it also sets you in place for a seriously strong investment once ATH’s are broken and exceeded once again in the anticipated bull-run looking to outweigh the last, something history has proven time and time again as a standard cycle of market behaviour. When you consider how much more capital is going to be flooded into this market, it’s not a long shot by any means to see how price can be quadrupled and beyond once the ATH’s have been taken out. This means even if you have only got entries at the very top of the market, you’re fortunate enough to still be an early adopter. Just how the investors who caught BTC at $1,000 before its meltdown who persevered and held strong made over 20x ROI, you’re set in stone for history to repeat itself, just at a higher price to before. A simple look at the charts and historical data of all financial markets across stocks & crypto in particular can paint a picture bigger than any forecaster can do. You have the proven statistics of history carved in stone on your side, trust the process, it comes with the journey of adopting technology ahead of the rest of the world.