Cryptocurrency analyst Michaël van de Poppe made significant statements on page X today. The analyst provides striking advice for investors, emphasizing the importance of timing when investing in Bitcoin and altcoins. Let’s take a closer look at the details.
Have We Missed the Boat for Bitcoin and Altcoin Investments?
Analyst Poppe points out how losses in the cryptocurrency world can be erased in a very short period of time. He states that it is challenging to position oneself well during volatile and bullish market days. After prices have risen, we are then faced with two important questions: “Have we missed the boat?” and “Should we buy?”
Poppe states that we are currently experiencing the longest bear market in the markets, highlighting the reality that investors who hold their positions must endure. This reality presents itself as long periods of sideways movements and downward trends that cause great concern for investors during bear markets. At this point, the analyst provides the example of altcoin Chainlink. According to him, after consolidating within a range for 500 days, LINK broke out of this range and started moving towards the $16 level and higher.
Why Do We Get Confused After the Rise?
Analyst Poppe emphasizes that a rise is completely natural after a long waiting period. However, he highlights a reality that causes fear and confusion. This reality is our emotions. As our emotions have been focused on the bear market for the past two years, the analyst points out that templates of a decline have formed in our minds. However, he emphasizes that this expectation of a decline continues until it does not materialize, and provides advice on how to position oneself after a rise.
At this point, Poppe emphasizes how timing should be when buying altcoins. Because when we see massive green candles, we are all afraid to enter the cryptocurrency that is experiencing the increase. Being aware of this fear and having a good understanding of the investment psychology of cryptocurrencies, analyst Poppe points out that the best investment time for an altcoin is during stagnant and boring periods.
At What Stage Are We in the Rise of Bitcoin and Altcoins?
The analyst believes that we are still in the early stages of the rise. He underlines that if Bitcoin remains calm, it will mean more upward movement for altcoins. Poppe highlights that investors are eager to enter altcoins at this point, and draws attention to the fact that declines will be bought during every 5-10% decrease in Bitcoin. He also indicates that this time will be a correction for altcoins.
After emphasizing the above, the analyst moves on to the main question and provides advice on how investors should position themselves. The analyst’s recommendations are as follows:
Buy altcoins that have not experienced a rise yet.
If you missed the opportunity in your preferred altcoin, just wait. Ask yourself questions at this point. Should I buy this cryptocurrency from here? Or what would be the advantage/disadvantage of buying another coin compared to the altcoin I bought?
Lastly, the analyst points out that the most sensible move is to wait for a 40-70% drop for an altcoin. However, this also raises the question of what if there is no drop. In such a case, the analyst says, “Wait, even if the price will be higher than the current price at that stage.”
