In 2017 the price of Bitcoin went up about 2000%. The smart investor had bought Bitcoin well before this huge run up in anticipation of the move. The newbie investor bought on hype and either broke even or bought at the top and lost money.
As a base knowledge of investing, it is important to understand market cycles and how they work. Investment classes like stocks and digital assets in bull runs do not run up forever. Eventually there is a retracement. If you don’t understand market cycles then you can easily get stuck in a bad investment.
I would recommend watching this video below to understand market cycles better.
TEAMZ Blockchain Summit will have many top investors attending and sharing their knowledge on the industry. Here are 5 of the key investors coming and their message to the blockchain industry.