When NOT to Buy Bitcoin

by Martin Weiss and Juan Villaverde
By Martin Weiss

Martin Weiss here with Juan Villaverde, our lead crypto analyst.

Three weeks ago, when Bitcoin (BTC) was surging to new highs for the year, I asked Juan …

"Is it now time to back up the truck and load up?"

His answer: "No!"

His reasoning: We were near an 80-day-cycle high, and that's not the time to buy more Bitcoin.

Beyond core positions, he explained, the best time to load up would be at the other side of that cycle — near the 80-day low, not expected until the second half of March.

Between now and then, he predicted, a typical market correction was coming.

And that's exactly what's happened: Bitcoin and other cryptos have suffered a typical market correction.

Juan was right.

But it wasn't the first time. Step back in time and you'll see what I mean …

Big bottom No. 1: About four years ago, Juan called the big bottom in the crypto market, practically to the day. And to my knowledge, he's the only one who did.

Investors who bought Bitcoin on the day of Juan's announcement could have seen it surge 20.1x — enough to turn a $10,000 investment into $200,832.

With our highest-rated crypto, Ethereum (ETH), they could have seen $10,000 grow to $545,760. That's more than 54x their money.

A $10,000 investment in Cardano (ADA), also among our top-rated coins, could have grown to $1,020,648, or a 102-fold increase.

And Chainlink (LINK) beat them all. Investors could have seen a $10,000 initial investment grow to $2,338,746, or nearly 234x their money.

Even if an investor booked a small fraction of those gains, it could have been life changing.

Juan was right.

Big bottom No. 2: About two months ago, Juan announced a similar big bottom.

And sure enough, from their cyclical lows to their recent highs, four cryptos surged by more than 300%.

One skyrocketed 887%! That alone would have been enough to turn $10,000 into $897,200 in just 78 days.

By the way, these are not flimsy, fly-by-night cryptos. All are among a group of 38 select cryptos that passed our basic tests for technology, adoption and liquidity.

Moreover, every single one of the 38 rose pretty sharply from their lows … with an average gain of 158% overall.

Juan was right again!

All this raises four urgent questions for investors:

1. Is the latest correction in the market opening up a second chance to buy at still-low prices?

2. In this new bull market, will it again be possible to see gains like 20x, 54x, 102x and 234x?

3. Relatively newer coins like Cardano and Chainlinkwere clearly among the biggest winners in the last cycle. What about the new cycle that has just begun? Will they again be among the leaders?

4. If not, which coins will be the leaders this time around?

For the answers, be sure to check your inbox for my upcoming emails.

Good luck and God bless!


 

Martin D. Weiss, PhD
Weiss Ratings Founder

About the Weiss Ratings Founder

Dr. Weiss is the founder of Weiss Ratings, the nation’s leading provider of 100% independent grades on stocks, mutual funds and financial institutions, as well as the world’s only ratings agency that grades cryptocurrencies. He founded his company in 1971, and thanks largely to his strict independence, has established a 50-year record of accuracy. Forbes called him “Mr. Independence.” The U.S. Government Accountability Office (GAO) reported that his insurance company ratings outperformed those of A.M. Best, S&P and Moody’s by at least three to one. And The Wall Street Journal reported that investors using the Weiss stock ratings could have made more money than those following the grades issued by Merrill Lynch, J.P. Morgan, Goldman Sachs, Standard & Poor’s and every other firm reviewed.

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