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Buy Now or Wait? Insights from a Leading Analyst
- During the current crypto market consolidation phase, Michaël van de Poppe advises traders to conduct thorough research and be patient.
- Rather than making hype-driven investments, traders should be wary of biased information on social media.
- He recommends focusing on undervalued projects during market consolidation for high-return investments, cautioning against FOMO-driven decisions.
- Day traders should monitor volatile assets like $BONK, rather than buying at the top, during periods of fundamental progress it is especially important to carefully assess investment scenarios.
Times of Consolidation Are Tricky
With the crypto market in a consolidation phase, many traders may look for clues on what to do next – hold, buy or sell?
Michaël van de Poppe, CEO & founder of MN Trading, advises against investing in altcoins just because they’re rising, recommending instead a strategy of cautious research and patience. He points to one of the greatest pieces of advice in investing, which is to avoid the fear and doubt (FUD) just as much as the fear of missing out (FOMO).
He also urges his readers to be cautious of claims made on social media – not without irony the medium he uses to convey his message.
Yes, social media can be an evil place regarding information regarding crypto and altcoins. Most of the accounts have their own bias, interest, or anything else with the data they provide, through which it’s hard for the reader to realise which incentive they have and what you can get out of that information.
Michaël van de Poppe, CEO & Founder MN Trading Finding the Once That Haven’t Moved Yet
Van de Poppe suggests that the key to finding a high-return investment is not to follow the hype but to focus on undervalued projects in consolidation phases. He advises against investing in assets just because they’re rising, warning of the risks of FOMO-driven decisions.
For day traders, he recommends including highly volatile assets like Bonk (BONK) in their watchlist with a tight trading strategy. According to him, smart investing involves entering the market during calm periods when fundamental progress is evident but not yet reflected in prices, contrasting this with less savvy investors who buy at the height of the hype. Van de Poppe says it is crucial to evaluate both the potential gains and the likelihood of a particular investment scenario playing out.
In that regard, ask yourself: if I was going to get a position into an asset that is up a lot, does that mean I’m behind the group, and what’s my upside? What percentage would I give that the scenario I’m making for this will work out?
Michaël van de Poppe, CEO & Founder MN Trading 
Author
Aaron Feuerstein
Aaron Feuerstein is a freelance writer based in Melbourne. His focus is on decentralised finance and the regulatory space surrounding blockchain. He holds a Master's in Accounting. When he is not studying the latest legal case, he enjoys his time as a modest but eager hobby cook.
