In today’s lecture, I’ll share with you why I have decided to add some more Tezos into my crypto portfolio and what is my price prediction for the coin in 2021.
Actually, Tezos was the very first cryptocurrency I ever bought and I really like the idea behind the Tezos. I like the community, I think there is great potential in it because it allows staking, and I personally find staking to be the future of cryptocurrencies. Because obviously, it’s super easy to earn passive income when you are staking cryptocurrencies.
But I will not go into there, I will talk about the Tezos coin, my current investment and what is my price prediction for 2021 and the next couple of years.
Tezos price prediction in 2021
To show you exactly what I’ve done, I will open the Crypto.com app and if you look at my account, where I have the short-term investments and I have the cryptos that I stake, you will see that the Tezos has been a little bit negative.
I bought Tezos exactly on the 9th of March, and I bought 100 Tezos coins. And this moment the price was $4.5993 or we can say it was at $4.60. So I have decided to buy around $400 of Tezos.
And if you already have watched some of our courses or videos on YouTube, you will know that I never put all of the money that I have prepared as an investment for one asset into one position or one entry, or a one-time purchase.
Market crashed because the people panicked
I usually divide it into pieces, so, for example, if I have prepared $1,200, which is currently what I have prepared for Tezos, then I will purchase just for $400. If the price drops more, I will buy more. Probably, you have heard many times, ‘Buy the dips.‘ And this is usually the strategy that I follow. But this time, I didn’t take these lows right here, which happened at the end of February and the beginning of March. I waited for the Tezos to break the resistance of $4.50, which was strong resistance back in August 2020.
And I really don’t feel comfortable buying below a resistance line. So that’s why I just waited a little bit to break the $4.50. I bought it at $4.60, we’ll see where it goes.
If it drops, I’m happy because I will buy more at a lower price, I will have a better average price. If it drops more, I will buy the 3rd piece and I will have even a better average price. And this is the kind of mindset I feel comfortable with.
Because most people, what happens, especially the beginners is they buy crypto or an asset, stock, doesn’t matter what it is. When it goes on positive, they are happy but they regret, why didn’t I buy more? If it drops, they panic. They tend to panic, this is how the market crashed in 2018. Because the people panic they will lose everything and they sold. So many people have bought the Bitcoin at $17,000, $18,000, $19,000 and they have sold later at a much lower price because they have panicked when the Bitcoin crash.
Price of Tezos is depreciating
And that’s a normal human feeling. But if you prepare your mindset in a way that you are happy when the price drops, because you will buy more, then you will feel comfortable at any moment. Because buying the Tezos at $4.60 is a relatively high price from where the Tezos was, let’s say in the last year. But if it drops, I will buy more. Usually, I buy more if the price drops by 25%. If it drops by another 25%, I will buy more.
And I will have a much better average price compared to if I buy the whole thing right now. If the price goes up, alright, awesome. But if the price goes down, I won’t be able to improve my average price.
What is my Tezos price prediction?
Now, where do I see the price of the Tezos coin, and what is my prediciton? I personally think that Tezos is being depreciated compared to some other cryptos that did so well for no reason. But that’s my personal opinion, so it doesn’t really matter.
But because Tezos is one of the most popular assets for staking, I have recorded a video about staking Tezos on the Ledger Live. You can watch it here.
And since I strongly believe that the Proof-of-Stake will be the future in cryptocurrencies, I think all the cryptocurrencies like Tezos, Cardano, and the others that are available for staking on many wallets, on many websites, on many exchanges, more and more people will invest.
Staking cryptocurrencies is the future
Because in the longer term the people invest in cryptocurrencies. Not only to store value or to solve the huge inflation that we have nowadays. But as well to earn passive income. And that’s the reason I have created one of the first online courses for crypto staking. And there I have demonstrated different methods of crypto staking.
Because I personally believe and I will be investing more into assets and cryptocurrencies that I can stake easily and securely on some of my crypto wallets and exchanges. And if I look into the short term and if Bitcoin keeps being bullish and reaching new record highs, I think the Tezos has a huge potential of reaching $10 in 2021 and $15-$20 in the next few years. In the long-term, I feel the staking cryptocurrencies will really go to the moon. And Tezos is one of those.
So I personally feel like keeping Tezos for longer-term investment and staking it. Because prices like $100, $200, even $1,000 are more than realistic for me, for the Tezos. But that’s like really in the long term. And one more time, this is because first, I find the Tezos very depreciated. Second, because the staking cryptocurrencies is the future out there and that investors will look into those more and more because of the passive incomes and the high interest rates that some of the wallets and exchanges offer. That is much more compared to what the banks will offer to those investors if they keep millions and billions of dollars.
Thanks for reading. Let me know what you think about Tezos in the comments below. What is your price prediction for the Tezos coin? How do you feel about staking Tezos? Are you doing it right now? Where are you doing it? So this article will be more useful for everyone. And if you have any questions, let me know. I will see you guys in another lecture.