The price of Bitcoin Bull Tom Lee says that Hodl is in the middle of a fall in the market for later profits.

Join our community of 10,000 merchants on Hacked.com for only $ 39 per month. Thomas Lee, of Fundstrat, is emerging as a voice of reason for cryptocurrency investors, even as bitcoin continues to trade in depression. The former chief stock strategist at JPMorgan Chase is applying the lessons of the stock market to investment in bitcoins. Trying to time the market is "challenging" because Bitcoin, even in its short history, has proven to generate most of its annual returns in less than a period of two weeks a year, according to Lee in a note titled "Why HODL? " Lee also recently recommended that bitcoin investors buy the fall, and now adds, saying, "We believe that investors should be patient purchasers of bitcoins here." It may be easier said than done, since bitcoin is still lower in two -digital percentage year to date. Patience, however, is a virtue when it is invested, whether in the stock market or in cryptocurrencies. Lee said: "In general, the synchronization of the market in traditional capital investment is discouraged." He continued to provide the following example: "If an investor missed the best 10 days (for S & P 500) every year, the annualized return falls to 5.4 percent (ex-10 best), 9.2 percent." In other words, the argument to buy and hold in shares is the opportunity cost of missing the best 10 days. " The strategy is vital for investment in bitcoins. Suppose you try to synchronize the market and miss the best 10 days of the year of BTC. Meanwhile, you would be sacrificing up to 25% of annual returns, says Lee. Without the best 10 days of commercial performance, bitcoin records losses of 25% annually, according to the Fundstrat report obtained by CCN.

Cortesía: Fundstrat

'Positive catalysts' The pressure is real, and Bitcoin is struggling to surpass the USD 8,000 level, which as Fundstrat points out is the equilibrium price for BTC mining. But Bitcoin investors can breathe a sigh of relief. "Excessive regulatory risk generally keeps investors marginalized, but we see positive catalysts for Bitcoin later in 2018, including the clarification of regulatory hurdles." - Fundstrat analysts Earlier this month, Lee Fundstrat warned that altcoins, which had ridden Bitcoin's skirts during the march to register the leading cryptocurrency, are heading for a period of "purgatory" to unfold for 150-175 days before the minus currencies known resume their rise. Fundstrat presents an image of a cyclical market for altcoins, which is another parallel to broader stock markets. As for the leading currencies, Lee and his research team predict a "strong" 2018 led by "blockchains growth more established" and "upward for ETH and BTC."