An early bitcoin investor says the best time to buy is when nobody's talking abo

[Malam90]

An early bitcoin adopter says the best time to buy is when no one's talking about it.
He started out with an initial purchase of 2.5 bitcoins in 2013, when the token was trading around $100.
The buyer, who prefers to remain anonymous, lost 16 bitcoins in the 2014 Mt. Gox scandal.
Sign up here our daily newsletter, 10 Things Before the Opening Bell.
The ultimate time to buy bitcoin is when no one is talking about it, according to one early adopter.
"The best time to buy bitcoin is whenever blood is on the street, everyone's panicking, and no one's talking about it," the investor, who prefers to remain anonymous, told Insider in a phone interview from Manila, Philippines.
In 2013, he made an initial purchase of 2.5 bitcoins from a seller who went by the name "Mang Sweeney" on LocalBitcoins.com when the cryptocurrency was trading at $100 per coin. "Mang" denotes a sign of respect in the local language in the Philippines.
At the time, the platform allowed face-to-face meetings, after which the seller would transfer the cryptocurrency on-the-spot via their laptop or mobile. Mang Sweeney was already trading bitcoin when it was worth $10 a coin since speculative buying and selling was popular even then, according to the anonymous buyer. News source