“The stock market is where the money of the impatient flows to the patient.” The saying is a phrase known to many investors. While many experienced investors have confirmed the accuracy of this statement many times, we see that this rule is valid not only in stock exchanges and traditional markets, but also in cryptocurrency markets.
While many investors are already impatient for the rise in Bitcoin and altcoins, Binance CEO Richard Teng reminded this promise with his post.
At this point, Binance CEO advised investors to be patient as the Bitcoin halving took place only three months ago.
Richard Teng said in an X post that cryptocurrency markets are cyclical in nature and fluctuations in prices are normal.
Reminding that investors should have a long-term perspective when deciding to invest in a token, Binance CEO pointed out that only three months have passed since Bitcoin's last halving.
Teng advises investors to be patient with this post and states that, according to historical data, Bitcoin is still at the beginning of the bull cycle, and investors who are patient and think long-term will benefit.
“Markets are cyclical. It is not uncommon to experience ups and downs, it is completely natural.
It is important to consider a long-term horizon when making investment decisions. We would like to remind you that only 3 months have passed since the last Bitcoin halving.
It is not financial advice. Always do your own research.”
Markets are cyclical. Experiencing ups and downs is not uncommon. 📈 📉
It's important to take a long-term horizon when making investment decisions. Here's a reminder that it's only been 3 months after the recent Bitcoin halving.
⚠️ Not financial advice. Always do your own… pic.twitter.com/YEgJizGMvn
— Richard Teng (@_RichardTeng) July 19, 2024
*This is not investment advice.
