When To Buy Bitcoin and other CryptocurrenciesAccording to a recent statement by Dan Morehead, who is the CEO of Pantera Capital, the time is
buy Bitcoin. The question is why should we buy Bitcoin Now and does he have a formula that works anytime?
Dan Morehead actually does have a formula he uses to calculate the best buying opportunity to make a cool 239% in just 12months.
Profit From Bitcoin
Here's the formula:
- Wait until the cryptocurrency drops below its 230-day moving average (use Binance tools to find moving averages)
- Buy Bitcoin or other cryptocurrency
- Wait 12 months
- Sell for 239% profit
Morehead claims his formula delivers consistant returns "it happened about 5 times in the last 6 years" he said.
As a caution to readers - Pantera Capital Management is a US Bitcoin company based in San Francisco, which is heavily invested in approx 25 blockchain currencies. It therefore stands to reason that Morehead may have a biased viewpoint.
As I always remind readers - The information on this page in no way represents financial advice of any kind. The cryptocurrency market can be volatile, meaning you may see large profits, or you may see large losses. It is your responsibility to make decisions based on your own research. The above formula has not been tested.