The Founder and CEO of BK Capital Management, Brian Kelly claims that “Market watchers should invest in Bitcoin now that prices are down”.
He told to CNBC on 23 January 2018 that “Now, when everyone is saying … it’s over, that’s it, bitcoin is dead, for the 175th time. Now’s the time you start looking at it, on the buy side”.
The BK Capital Management is an investment firm that emphasizes the development of cryptocurrencies. It provides management support to a specific clientele and encourages to invest in digital currencies.
According to the events that have had negative consequences on key crypto markets these weeks, such as South Korea and China, Mr. Kelly argued that the evolution of cryptocurrencies is momentary in its “hand-off” period.
He assures that Bitcoin market has a lot to show us and users still make money from it. Instead, a lot of investors were worried about decreasing statistics of Bitcoin value during this month, while Mr. Kelly was keeping up with the global market not to miss new opportunities.
Note that Bitcoin values have fluctuated between 10.000 $ and 11.000 $ for last weeks.
The Founder and CEO of BK Capital Management recommends three main ways to act for investors:
“Only risk 1 percent to 5 percent of assets”. He argues that if prices fluctuate too much, it will certainly continue with an extraordinary growth. Investors should not give up investing.
“Don’t sell too soon”. Do not sell the cryptocurrencies if their price begins to decrease. He assures that now is the right time to invest, not to sell.
“Do not panic when coin drops 50 percent”. He has argued that the cryptocurrency market is volatile and sensitive.
Did you manage to invest in Bitcoin cryptocurrencies when the price was still affordable these weeks?