RE: Buy when there’s blood in the streets.
All of them are right. Actually absolutely right.You see there were always ups and downs in any kind of investment but when you have the clarity to hold when you're supposed to and sell when it's a good time you always end up to the winning side.
I keep telling myself that now s a great opportunity to buy, I said the exact same thing a week ago and two weeks back also....but it seems we are in a constant downfall and although a read the news and try to be as much informed as I can, lately, I read nothing positive...
I wish there was a way to at least make the markets be more stable,but over the last five months,every day feels like a nightmare. I know that cryptos are still in premature phase but having witnessed last years bull run it is hard for me to believe that we will be lucky enough to see such a trend in the following years...
And I know how much we all need this change. How much we all need to see the world open its eyes and see what we see in cryptos,so unless there is a great mass adoption I believe we will all be puppets in the hands of anonymous whales who keep manipulating the market...
Have a great day @cryptographic
Buying little by little on the way down is one of the best strategies out there. No-one ever knows where the bottom might be. And then once it starts rallying again, if you're still not fully positioned, you can nibble on the rebound too. As you say, scaling in when everything is bleak, and scaling out when everything is rosy, is a very good way to help insure you always end up on the winning side.
For what it's worth, I expect at least one more big exponential move higher, that proportionately exceeds the former to the same degree it proportionately exceeded its predecessor. But remember, that's just one person's opinion. 😉