Steemit| Now is the best time to invest in bitcoin

marketplace watchers need to invest in bitcoin now that prices are down, says BK Capital control founder Brian Kelly.

"Now, whilst anybody is saying ... it is over, it really is it, bitcoin is lifeless, for the one hundred and seventy fifth time. now's the time you begin looking at it, at the buy aspect," Kelly, portfolio manager of the BKCM virtual Asset Fund, instructed CNBC on Tuesday.

With uncertainty over the regulatory surroundings of digital currencies in South Korea and China, Kelly talked about that cryptocurrency is in a "hand-off" duration, transferring from retail Asian buyers to U.S., european and japanese institutional traders.

"And that money is still coming in," he stated. "The flows have no longer stopped."

"This isn't always the end of bitcoin," Kelly stated, warning investors that shopping for the extraordinarily risky asset while costs are high may be dangerous.

"when we talk approximately bitcoin being up at $20,000, anybody is running around being all excited," he said. "the ones are the times to be a bit cautious."

Bitcoin costs have remained stagnant between $10,000 and $11,000 for the final week, now not improving from price highs of $19,500 in mid-December. The forty five-percent drop in price has some market experts worried that the bitcoin bubble may additionally have burst for accurate.

but Kelly stated the falling fees were "tremendously healthy for the ecosystem. You shake out the vulnerable fingers. You get strong palms in there."

Kelly has 3 golden guidelines for crypto traders:

1. most effective hazard 1 percentage to 5 percentage of assets.

"this is a brand new era," said Kelly. "things destroy. this is the net in 1995."
With an asset that fluctuates in price so much, the potential for boom is exponential — however so is the loss. If the investment doesn't exercise session, losses can without problems be absorbed, Kelly pointed out.

2. do not sell too soon.

Kelly encouraged preserving directly to the forex, even supposing it is up 20 percent or 30 percent. "as soon as there is momentum, you maintain onto this thing," he stated.

3. Do no longer panic while coin drops 50 percent.

understand the unstable nature of digital foreign money. "these things can circulate 20 percent to 30 percent in a day," he stated.