After the crypto market bubble popped in late 2017, popular cryptocurrencies like Bitcoin and Litecoin have suffered significant price declines throughout 2018. Litecoin creator and Litecoin Foundation Managing Director Charlie Lee says that is when it is time to buy.

Lee, who famously “sold and donated” all of his Litecoin holdings as crypto prices peaked in December, recommends investors accumulate cryptocurrencies during bear markets.

“I think it’s always good to buy on the way down to average dollar cost or your buy in. That’s what I would recommend people to do,” Lee told CNBC in an interview. He continued, suggesting proper risk management:

“As long as you don’t spend money you can’t afford to lose, I think that’s fine. I think it’s really bad for people who mortgage their house, put all their money into a coin, and then watch it drop like 80%”.

Lee added that despite dropping prices among cryptocurrencies, a bear market is a “good time” to “get stuff done” and says adoption is increasing regularly.

Even though Lee is suggesting investors dollar-cost average “buy-ins” during the ongoing bear market, he stops short of suggesting prices are ready to start increasing, commenting on the market’s unpredictability:

“It’s hard to predict prices. I’ve been in this space for seven years now. I think sometimes it comes back within six months to a year, and sometimes it takes three or four years.”

One thing Lee is sure of, though, is that he is “not going to buy back my Litecoin any time soon or at all,” reiterating that his decision to sell his holdings was to avoid a potential conflict of interest.

Litecoin is currently trading at $61.48 after rebounding from a 2018 low of $51.39, according to CoinMarketCap data. Read more Litecoin news here.