Charlie Shram: buy bitcoin and don't sell it for five years

[Paha87]

One of the founders of the Bitcoin Foundation urged not to panic and not to pay attention to the volatility of digital money.
The investor and co-founder of the Bitcoin Foundation Charlie Schrem offered to open a long-term position on one of the largest cryptocurrencies. He said that the probability of profit increases dramatically if you do not sell digital assets for five years, writes CCN.

"Cryptocurrencies can fall in price, anything happens. Sometimes prices fall by 90% and then rise by more than 100%. I recommend everyone who invests in cryptocurrencies to decide how much money you are willing to lose painlessly, that's how much you need to invest. Just have fun, learn. There are many good cryptocurrencies: Bitcoin, Ethereum, Dash, Litecoin. Take the time to study their differences," said Shrem.

He added that bull and bear markets usually have two-year cycles. According to the expert, despite the large amount of digital money, bitcoin will always remain the main currency.

"Bitcoin will always be a 'daddy', for a long time. Over time, you will see how the number of its transactions will decrease, in such a situation it will be possible to pay attention to other projects," the investor said.

Previously, he spoke negatively about the EOS project, calling it centralized. Schrem believes that in the blockchain space, no one can decide who to punish or protect, as the platform's Central arbitration forum (ECAF) does.

More news about cryptocurrencies can be found in our telegram channel RBC-Crypto.

More information on the RBC:
https://www.rbc.ru/crypto/news/5b8e3ab19a7947c0e3534ae8

[altcoingamer]

I dont know if I agree with not touching it for 5 years but I certainly think now is a good time to buy bitcoin.. but when market cycles finish up for a correction, this is the most predictable and easiest money to make!