From $6.5 to $3.5: My Accurate Prediction and Why Patience Pays Off in Crypto
My Story about IO Token
I felt the urge to buy IO coin at 5.5 when the coin was skyrocketing in upward trend and all sentiments appeared bullish. I eventually avoided the urge to buy after studying the IO market and bullish trend which was artificially induced and manipulated base on the volume. I posted it here and warned buyers concerning this, but many turned deaf ears to this and called me haters 😀. One of the ways to prosper in this crypto business is to resist the FEAR OF MISSING OUT and also to be patient. You need a lot of calculated patience to prosper in Cryptocurrency market, because you are competing with bigger investors, traders and whales.
When IO token was trading between $5.5 and $6.5, I shared my prediction with many in the crypto community: the coin would soon drop to $3.5. At the time, many traders and buyers of IO token criticized my outlook, labeling it as overly pessimistic.
However, today, IO touched its lowest mark of $3.65, proving my prediction right. From a high of $6.5, the token has lost over 50% of its value in this bearish market.
Many who rushed to buy IO tokens at higher prices are now counting their losses. I, on the other hand, remained patient. Today, I bought $20k worth of IO at $3.6, and I am confident in seeing the value rise back to $6.5 in the coming weeks.
The good news is that you won’t lose your money if you resist the urge to sell your crypto during market downturns. The market is down now, but it will regain its value during the next bullish cycle. Patience and strategic buying are key.
I share my daily story, success, failures and struggles concerning cryptocurrency.
Disclaimer: This is not a financial advise