John McAfee has offered bitcoin holders tips on how to avoid the anxieties brought up by short-term price fluctuations. According to McAfee, the best way to avoid worries caused by volatility is to stop manic watching the cryptocurrency rate. Instead, McAfee advises investors to “just check the price once every two or three months.”
‘Short term fluctuations have no meaning. The best way to avoid experiencing the anxieties caused by the volatility is to avoid obsessively checking cryptocurrency prices. Instead, McAfee advises, ‘just check the price once every two or three months,’ the 2020 U.S. presidential candidate said.
Since the start of the year, Bitcoin has appreciated by over 100 percent. The bitcoin price has increased from $6,863 to $8,167, having reached a new 2019 high and recovered to July 2018 levels. On the Google search engine, the bitcoin search term has also experienced a renewed surge in interest in the past 30 days.
While many analysts predict the bitcoin price will increase to $10,000 in the medium term, in the nearest future, traders have predicted a healthy retracement.