From Nasdaq: 2024-06-01 11:41:00

At a recent conference hosted by JPMorgan Chase, Coinbase COO Emilie Choi offered insight on the crypto market cycle, emphasizing the futility of trying to time the market. The concept of time in the market, holding investments long-term, is emphasized as a more successful strategy than attempting to predict market cycles.

Investing in the market and allowing returns to compound over time has historically proven more successful than trying to time market fluctuations. By remaining invested, one can benefit from long-term growth while avoiding the stress of daily market movements and the emotional pitfalls that come with it.

Applying the principle of time in the market to the volatile crypto market requires a disciplined, long-term approach. Investing in cryptocurrencies with strong fundamentals and enduring market swings with patience can lead to long-term success despite short-term volatility. Coinbase’s COO serves as an example of approaching a volatile sector with a modest and patient mindset.

Read more at Nasdaq: Crypto Investing Wisdom: Insights From Coinbase’s COO