Now Is The Best Time To Buy Bitcoin.. 🤑

Dan Morehead: Now is the best time to buy Bitcoin..

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#DanMorehead, a well-known figure in #CryptoCurrency industry, says buy #Bitcoin today..

CryptoCurrencies now have low prices and so it's a good time to buy them. Dan Morehead, managing director of Pantera Capital, has this idea..

He is one of the well-known figures in the field of CryptoCurrencies, as well as one of the bitcoin millionaires..

Speaking to the CNBC news service, he said, referring to a 65 percent decline in CryptoCurrency value, said that all CryptoCurrencies are currently priced at a very low price, and maybe this year Bitcoin has reached its bottom..

In December last year (December 1396), Bitcoin's value as the most significant CryptoCurrency hit $ 19,500 and fell to $ 6,000 in February (February 2012)..

When making this news, the value of every Bitcoin is $ 7600..

Although the unstable and variable nature of digital money, as well as the lack of codified laws in this regard, have left market observers somewhat confused, but, according to #Morehead, working on these funds can ultimately benefit investors..

His advice to investors is:

When a currency has spent its 230-day moving average, buy it. Then wait one year and then sell the currency. In this case, you get an average of 239% of your profit without doing anything..

The moving average is an important indicator in the technical analysis, which eliminates the price fluctuations and thus helps the investor to figure out a better picture of the average price and price trend..

Morehead says:

This strategy has the best performance in Bitcoin because it has happened five times over the last six years..

He added:

The yummy of this business is: these currencies rarely come cheap when compared to their long-term average, so today is a good day to buy bitcoin..

Dan Morehead founded 2013 Pantera Capital CryptoCurrency Coverage Fund. The fund, which is one of the first American companies operating in the #BlockChain area, managed to gain huge profits in a few years..