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RE: Buy when there’s blood in the streets.

in #investing6 years ago (edited)

Both Rothschild and Buffet are not rich by an accident. Thay may not understand crypto, but at the end it’s all the same. Buy when you are scared to buy! Sounds scary right? That’s what they do. It’s all the same, stock market, real estate, crypto... I’m glad I was accumulating at around where we are right now and I’m ready to add if we go even lower. I just don’t believe it’s over. When people start saying the days of crypto are over, that’s when we finaly start the new bull market. When Bitcoin was at $20000, no one believed it may drop to $10000. When we were at $10000, no one believed it may drop to $6000. Now we are at $6000 and everyone is talking about much lower price. Do you get the point? I think we are very close to the bottom. It’s painfull to watch this market to fall that much especially when you are invested, but where is no pain there is no gain. It would be too easy if everyone made money. As of now, I still don’t see the blood on the street as you say, at least not yet.

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You're narrative is spot on, and the fact that people are beginning to shift towards collective negativity is a long term positive too. We might not be there yet, but we're certainly on track! Volume is picking up on the downside with all kinds of bullish divergences on the technical indicators.

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