Billionaire Zhao Dong: now is the ideal time to buy cryptocurrency

The well-known Chinese OTC trader and cryptocurrency billionaire Zhao Dong believes that the next 15 months is the ideal time to acquire a cryptocurrency. According to Dong, you need to select a "quality undervalued project", buy its tokens and do not sell them for a long time.

"Real value investors should prefer a bear market where they can find many bargains as good projects are usually underestimated in such a sluggish…," he said. "Of course, it's no use just buying good coins cheaply, you need to hold it for the long term"

Dong recommends holding the cryptocurrency for three years. Probably, this time was chosen based on previous experience, since in the period from 2014 to 2017 Bitcoin showed real price rallies.

"Winter has yet to come and spring is still far away. But most investors can hardly get through it.," he stressed.

After significant growth last year, in 2018, the price of Bitcoin fell by almost 70%, however, the bearish sentiment in the cryptocurrency market did not prevent the majority of investors from investing in the cryptocurrency. A recent poll showed that they are still very optimistic, despite a sharp correction in the market - 59% of accredited cryptocurrency investors and almost three-quarters of retail investors are planning to increase their investments over the next 12 months. At the same time, 57% of investors and 66% of consumers expect the growth of the cryptocurrency estimates over the next year.