VeChain (VET) Investors Bullish as Bitcoin (BTC) Surpasses $71,000

VeChain (VET) Investors Bullish as Bitcoin (BTC) Surpasses $71,000

  • VeChain (VET) investors stay optimistic as BTC surpasses $71,000.
  • Stressing future gains, an investor advocates hodling VET.
  • Trading insights reveal competition against advanced AI bots.

Amid Bitcoin’s surge breaking all-time highs above $71,000, VeChain (VET) holders exhibit unwavering confidence. A VET investor shares insights, having recently bought more VET at $0.0495, observing a minor dip to $0.046 (-5%). However, the investor remains resolute, emphasizing a long-term perspective and dismissing short-term market fluctuations.

Bought more $VET @ $0.0495 yesterday. Today a bit down to $0.046 -5%. Do I worry? Hell no.
I do not necessary look for hourly or minutes chart. As I am not a swing trader, no need checking charts or TA.
As an investor, I always look for future only. In the weekly chart, we can…

— Tim (@Timothy36660780) March 11, 2024

The investor dismisses the stress and time-consuming nature of swing trading, advocating for a focused approach on future potential. The weekly chart analysis reveals VET’s current position in the bottom zone, indicating a 99% upside potential with only a 1% downside, signaling the end of the bear market.

Highlighting the challenges of trading against AI bots rather than human counterparts, the investor emphasizes the advantages of Dollar-Cost Averaging (DCA) over active trading. Stressing that DCA often leads to more substantial gains, the investor suggests that attempting to time the market can be less rewarding, particularly for those without substantial capital.

The investor concludes with a straightforward investment strategy: “Buy, hodl, and ride the wave to Valhalla”. Asserting that $1 for VET is pre-programmed, the investor perceives VET below 5 cents as a valuable gift, reinforcing the belief in the cryptocurrency’s long-term potential despite short-term price fluctuations.

Meanwhile, the crypto community as a whole is delighted by Bitcoin blowing past its previous ATH. Now that the pioneer crypto has entered its price discovery phase, the entire crypto market awaits to see what new ATH will be set in the thick of the golden crypto bull run.

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