THE TIM­ING

Popular Mechanics (South Africa) - - News -

>> “So many peo­ple en­ter this mar­ket be­cause of emo­tions, the fear of miss­ing out. And what do they do? Exit the mar­ket based on emo­tions, not on in­formed data. And I get it. But cryp­tocur­ren­cies aren’t a pump-and­dump thing where you get rich in one week. You have to con­sider in­vest­ments over the course of a year, and take time to do cur­rency- cost av­er­ag­ing. It isn’t sexy, but that’s the only way to sur­vive, the only way to make guar­an­teed gains.” – cryp­tocur­rency in­vestor Peter Sadding­ton. Last year, he bought a Lam­borgh­ini Hu­ra­can with 45 bit­coins. In 2011, when he first in­vested, one bit­coin was worth about R50.

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