We are living in one of the most transformational periods of our time. The advancements in biotech, medical science and financial technology are just mind boggling you would think they’re in the realm of science fiction. One particularly interesting development of late is the rise of cryptocurrencies or digital currencies. Bitcoin, being the mother of all cryptocurrencies, is leading the charge with bullish crypto investors such as John McAfee predicting that the value of Bitcoin “will hit $1 Million by 2020.”
He tweeted, “When I predicted Bitcoin at $500,000 by the end of 2020, it used a model that predicted $5,000 at the end of 2017. BTC has accelerated much faster than my model assumptions. I now predict Bircoin at $1 million by the end of 2020” (Source)
Rocked by this prediction, different media outlets and ordinary investors began questioning John McAfee’s model, with various quarters advocating either a buy, sell or hold strategy. Be it Bitcoin or other fast rising cryptocurrencies such as Ducatus Coin, the question of whether you should buy, sell or hold is an all-important one. When we’re at the cusp of a major economic opportunity looming on the horizon, holding on to your coin seems to be the most sensible thing to do. Here are a few reasons why:
Take advantage of the very favourable pricing.
Bitcoin is obviously a mainstream cryptocurrency now and buying some may not offer the same level of benefit as buying, say 2 years ago. But Bitcoin is not the only promising cryptocurrency there is. Ducatus Coin, for example, invests heavily in the coin’s usability and convertibility, which means the company has a long term plan to ensure success – and at the moment, the pricing is very favourable.
When the company is investing in people, strategy and systems, there is nowhere to go but up.
Holding on to coins, just like holding on to stocks of blue chip companies, is a very good strategy provided the company shows a solid track record with very good and transparent plans. Do some research and when you’re satisfied that a company is investing in the right people, winning strategy and efficient systems, then the chances of success is high, and holding on to your coin will be the right thing to do. (See related article: The Solid Foundation that Ducatus is Built Upon)
As long as you don’t sell, you don’t lose.
Some people who already own a cryptocurrency are just too impatient and oftentimes, get nervous when they see the value of their coin going down. While this is normal reaction, this should not be your guiding principle. You may think that you’re losing but the reality is, as long as you haven’t sold your coins (at a lower value), you haven’t lost. Do further research and be guided accordingly.
Every serious investor is in it for a long haul. It’s the same thing for companies that chose to invest in a strategy that is both transformative and beneficial for all its stakeholders. One such company is Ducatus.
Buy and forget. Then move on with other things.
As with any form of investment, you should proceed with a strategy that you’re most comfortable with. Here’s one strategy adapted by a very cautious investor. See if it fits your lifestyle: Every month, set aside a small amount, say $50, to buy coins. Consider the money gone. Don’t think about it again. At the end of every month, some coins will go down in value while some will go up. After a few months, notice the coins that seem to be performing well and buy a bit more of those (again, with minimal amount). Keep building the nest and watch it grow someday.
Investing is a long-term game. There’s a reason ‘get rich quick’ is perceived negatively.
Every serious investor is in it for a long haul. It’s the same thing for companies that chose to invest in a strategy that is both transformative and beneficial for all its stakeholders. One such company is Ducatus. Ducatus developed its blockchain and coin using the latest technology and leveraged on its dynamic network marketing system to distribute Ducatus Coins (DUC) globally. This powerful approach allowed it to attract members and users in more than 100 countries in less than six months. And the vision is long-term: to make Ducatus the world’s most popular cryptocurrency.
Think about this: there is a reason most scams are labelled as “get rich quick” scheme. Surely, you don’t want to be associated with those, do you?