Thomas Lee is a bitcoin advocate with years of experience as a stock analyst. On Thursday (March 29), he warned Bitcoin investors that after a 40% drop this year, they need to wait patiently.
On Wednesday, Thomas J. Thomas, former chief stock strategist at JP Morgan Chase, wrote in a report: "Traditional stock investment usually discourages market timing. If investors miss the 10 best days of the year, then the annualized rate of return fell from 9.2% to 5.4% (not the best 10 days.) In other words, the buying and holding of stocks was missed the opportunity cost of the 10 best trading days. "
Fundstrat, Ltd. Free Join Advisors LLC. management partner and research director Thomas wrote that if an investor missed the best year for 10-bit currency trading days, its annual rate of return decreased by 25%. On average, Bitcoin declines every year except for the 10 best trading days. He said that because there are several days each year for Bitcoin to obtain most of its revenue, holding it is a wise choice.
This may give some comfort to those who promised HODL - HODL was a fanatical trader who misspelled a request to hold a token in an earlier crash and later became a Bitcoin purist Oral language.