Yes. For some reason people think it is a great idea to buy items when they are on sale at a lower price. But when it comes to bitcoin and stocks it is the opposite.
Well, that only applies if you are not on the long-term side of the market, if you can hodl your bitcoin even if the prices are going lower than your initial buy and you can last that winter, it will still be better. 
Topic: "Buy when there's blood in the streets, even if the blood is your own." (Read 221 times)
June 01, 2021, 03:37:26 AM
legendary
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June 01, 2021, 03:26:51 AM
Hard to do but, I'm doing it. My crypto portfolio is down greatly.
Keep going buddy, what you're doing is called securing the bag. For additional advantage, it isn't just about buying the blood but knowing how to buy when the market is in such condition and one of the most effective way is by dollar cost averaging.
You can google the term out and you'll understand better as the market is best tackled with dollar cost averaging. This will best increase your chances of getting more coin if your initial buy in price wasn't the button as most case it isn't always the button as manipulation occurs frequently in the market.
May 31, 2021, 11:49:31 PM
~
This is posted in the Bitcoin forum, not ALT.
And yet you mention this: "My crypto portfolio is down greatly." which clearly suggests you are talking about a bag of altcoins and not just bitcoin hence my comment about the fact that shitcoins' dump will not be followed by a recovery 99% of the times. This is posted in the Bitcoin forum, not ALT.
May 31, 2021, 09:58:09 PM
In fact, if you buy bitcoin now, these low-price bitcoins will carry the blood of investment losers. After the 519 Black Swan Incident, many people went bankrupt or lost a lot, perhaps including yourself. In the face of a sudden plunge, buying back the chips you sold is a knowing choice.
May 31, 2021, 05:03:20 PM
People have already been getting into an easy panic when the market started to bleed because of declination making them get into soft hands selling their holdings because of the idea that they will be able to save their capital by just simply doing that. People specially the newbies are just into thinking that when the market goes red loss is the only thing that is present but in reality, opportunities arise at the same time for it is the time when the expensive ones can be somehow affordable to be purchased. Green market and red market are both good depending on how you look at it and that is the thing people must see before they easily get into panic.
May 30, 2021, 10:57:40 AM
Warren Buffett once said that it is wise for investors to be "fearful when others are greedy, and greedy when others are fearful."
We do opposite to that. We buy when market is going up and sell when coins are at their lowest.
We do opposite to that. We buy when market is going up and sell when coins are at their lowest.
Yes. For some reason people think it is a great idea to buy items when they are on sale at a lower price. But when it comes to bitcoin and stocks it is the opposite.
May 30, 2021, 10:55:01 AM
That is wrong because it is out of context.
For example in altcoin market when there is blood on the streets you should run away and don't look back because majority of those altcoins that are bleeding are never going to recover and a lot of them are going to die.
Take 2017 and 2018 for example. Every single altcoin which is almost 10k got pumped during 2017, even the so called "top" altcoins got pumped a lot. Then in 2018 again every single altcoin got dumped ridiculously hard. There are coins that have lost all their value and have gone below 1 satoshi price! Obviously buying any of them is going to be foolish.
For example in altcoin market when there is blood on the streets you should run away and don't look back because majority of those altcoins that are bleeding are never going to recover and a lot of them are going to die.
Take 2017 and 2018 for example. Every single altcoin which is almost 10k got pumped during 2017, even the so called "top" altcoins got pumped a lot. Then in 2018 again every single altcoin got dumped ridiculously hard. There are coins that have lost all their value and have gone below 1 satoshi price! Obviously buying any of them is going to be foolish.
This is posted in the Bitcoin forum, not ALT.
May 30, 2021, 08:05:18 AM
This is a so true saying, man. We should already understand by now that buying from the dip is a golden opportunity for an investor (especially for a HODLer). To be honest, I have bought some more in this period and started HODLing them too.
This season of bleeding is not really a moment of regrets or frustration but it open doors of opportunity and it saddened us because not all people realize this. To be honest, i still feel little bit worries for this dump season while seeing my investments start to fall. But thinking that this is just temporary and the price will eventually recover and rise up again.They say buy at the dip and sell when the price is at peak. Yes that's actually i'm doing right now and i'm very optimistic that when the market starts to recover, soon i'll be reaping the fruit of my action.
May 30, 2021, 07:58:30 AM
This is a so true saying, man. We should already understand by now that buying from the dip is a golden opportunity for an investor (especially for a HODLer). To be honest, I have bought some more in this period and started HODLing them too.
Don't be too disappointed to see the current market dump, because now is a golden opportunity for us to be able to buy Bitcoin at low prices.
Especially if it is true that Bitcoin can recover soon, this is an important moment for us to be able to buy Bitcoin. If experienced investors will
like the current situation, especially investors who plan to hold Bitcoin in the long term, definitely do not hesitate to buy Bitcoin at the current price.
I myself bought Bitcoin when the price was $ 32k, although now it has gone up to $ 36k, I will not be selling it any time soon. Because I am
optimistic that the price of Bitcoin can return to the price of $ 60k.
May 30, 2021, 07:44:15 AM
Buying when the market drops sharply due to FUD is the best way to get rich because selling is very strong at this time. Usually, rallies after sharp declines bring big profits. That is the explanation for the famous saying, also the title of the subject.
The saying of value to the electronic market is difficult to apply because in many cases prices fell so sharply that they did not recover. I remember the bearish event was in 2018, the crypto market went down for days.
HERE
The saying of value to the electronic market is difficult to apply because in many cases prices fell so sharply that they did not recover. I remember the bearish event was in 2018, the crypto market went down for days.
HERE
May 30, 2021, 04:40:55 AM
This is a so true saying, man. We should already understand by now that buying from the dip is a golden opportunity for an investor (especially for a HODLer). To be honest, I have bought some more in this period and started HODLing them too.
May 30, 2021, 04:11:36 AM
Keep doing it.
Many are forgetting that they should do their own thing when the market is bleeding. Sadly, it's inevitable that there will be complaints that their money is starting to become less due to the state of the market.
But if you've been here for quite a long, you're doing the right thing of keeping more and buying some more for your own accumulation.
Many are forgetting that they should do their own thing when the market is bleeding. Sadly, it's inevitable that there will be complaints that their money is starting to become less due to the state of the market.
But if you've been here for quite a long, you're doing the right thing of keeping more and buying some more for your own accumulation.
Yes, I have 10 limit buys on BTC from 30K up. And doing similar on 4 ALT coins.
I'm sure that you'll be one of those folks that will be happy after this correction. Whilst some are still thinking if they're going to accumulate, we've done it already.
And it's going to be too late for them when they do.
May 30, 2021, 02:48:47 AM
this is no different when you say buy the dip while all the prices are red.
i can only assume Baron Rothschild said this while there is chaos in the country and the street are full of riots and killings which much like every property in new york could be worth just a few dollars. the bear market in crypto almost feels the same but only for those who have funds to invest.
May 30, 2021, 02:33:46 AM
The bleeding is just imaginary, the moment that you ignore the bleeding, the better it is for you because it would mean that you aren't affected by the panic that it might cause you. Also, the bleeding as you said is the right time to buy but the problem is that people misinterpret it and think that they should put it all in the market not knowing that the gushing is going to last for awhile so they end up with a loss, the advice is great but to make it better we should add that only buy what you can afford to lose.
May 30, 2021, 02:00:48 AM
Earning money is hard and earning profits over your hard handed money is even harder. Anyone can say let's buy bitcoin while the market is bearish and buy more when there is a new dip, that's easy to say but hard to do. Specially, when you are talking about bitcoin and cryptocurrencies because there much more sharp price movements in the market. Just like what happened a few days ago you can lose the half or even more of your investments in a few days. However, even if you are buying on a bloody market you will need to to some money management before any kind of investing.
May 30, 2021, 01:54:21 AM
Warren Buffett once said that it is wise for investors to be "fearful when others are greedy, and greedy when others are fearful."
We do opposite to that. We buy when market is going up and sell when coins are at their lowest.
We do opposite to that. We buy when market is going up and sell when coins are at their lowest.
May 29, 2021, 11:40:38 PM
That is wrong because it is out of context.
For example in altcoin market when there is blood on the streets you should run away and don't look back because majority of those altcoins that are bleeding are never going to recover and a lot of them are going to die.
Take 2017 and 2018 for example. Every single altcoin which is almost 10k got pumped during 2017, even the so called "top" altcoins got pumped a lot. Then in 2018 again every single altcoin got dumped ridiculously hard. There are coins that have lost all their value and have gone below 1 satoshi price! Obviously buying any of them is going to be foolish.
For example in altcoin market when there is blood on the streets you should run away and don't look back because majority of those altcoins that are bleeding are never going to recover and a lot of them are going to die.
Take 2017 and 2018 for example. Every single altcoin which is almost 10k got pumped during 2017, even the so called "top" altcoins got pumped a lot. Then in 2018 again every single altcoin got dumped ridiculously hard. There are coins that have lost all their value and have gone below 1 satoshi price! Obviously buying any of them is going to be foolish.
May 29, 2021, 08:35:44 PM
Especially if they are the ones causing the bloodshed, the more they are going to buy. You can imagine how much Tesla must have been buying in secret. Big names from investment companies are now coming out declaring they have bought Bitcoin. The problem when there is blood on the streets is that it could go worse. If you are just a retail investor who invested not in the bottom, you'd be crushed by the whales.
May 29, 2021, 08:15:31 PM
Only few have the guts to do this kind of risk and I would also like to try it out,
And I know that it would really be a great one for a long term investment.
So good luck for all of us who would try and take advantage of the market fall.
And I know that it would really be a great one for a long term investment.
So good luck for all of us who would try and take advantage of the market fall.
May 29, 2021, 08:02:47 PM
...Was that 20k buyer a dumbass or a genius? Similarly, is the person who bought at 65K last month a dumbass or a genius? Thanks.
You can't base it on just the price. The person buying at a low price could be a dumbass, but got lucky.
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