"Buy when there's blood in the streets, even if the blood is your own." - page 2.

Kemarit

legendary

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Quote from: Zoe Saldana on May 29, 2021, 06:20:48 PM

Quote from: Twentyonepaylots on May 29, 2021, 05:52:43 PM

It is a very novel and helpful tip especially for those of us who are severely panicking about their investments amidst the bear market. However, this shouldn't invalidate the fact that there is also no wrong in selling, if and only if, you cannot afford the losses you will be inflicted upon during this situation. So it's a case-to-case basis as always.

If a person didn't sell at 65 why would they sell at 35?

If they need the money at 35 for living expenses they are not handling their finances well.

Well, with that argument, I wouldn't say that he/she is not handling his finances very well, but probably all his money on crypto right now. In any case, still a win-win, if you are going to buy at the current dip and be a long term holder.

Yes, there is TA that can help us, but I'm sure that majority here are doing any TA, they just buy when there is opportunity, hence that old saying is applicable.

sadrina

newbie

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I have a serious question. I'm new to crypto. I saw in 2017 BTC went from 1k to almost 20k and crashed to 3k for the bear cycle. It finally reached and passed 20k in 2021 (the person who bought at 20K was underwater for 3 years). 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.

Zoe Saldana

jr. member

Activity: 84

Merit: 3

Quote from: Twentyonepaylots on May 29, 2021, 05:52:43 PM

It is a very novel and helpful tip especially for those of us who are severely panicking about their investments amidst the bear market. However, this shouldn't invalidate the fact that there is also no wrong in selling, if and only if, you cannot afford the losses you will be inflicted upon during this situation. So it's a case-to-case basis as always.

If a person didn't sell at 65 why would they sell at 35?

If they need the money at 35 for living expenses they are not handling their finances well.

Twentyonepaylots

sr. member

Activity: 1918

Merit: 370

It is a very novel and helpful tip especially for those of us who are severely panicking about their investments amidst the bear market. However, this shouldn't invalidate the fact that there is also no wrong in selling, if and only if, you cannot afford the losses you will be inflicted upon during this situation. So it's a case-to-case basis as always.

Upgrade00

legendary

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Quote from: taufik123 on May 29, 2021, 04:41:01 PM

when the market is bearish and we buy at a price position that is not ideal, then we will experience a little loss.

You do not experience loss until you sell. When the market rebounds, a difference of a couple thousand dollars buy in price will not matter much.

Quote from: taufik123 on May 29, 2021, 04:41:01 PM

However, if we know where to enter we will benefit from entering at the lowest price.

No one has a crystal ball with which to predict price actions, if not, we'll all buy at the bottom and sell at the top.

rhomelmabini

hero member

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No God or Kings, only BITCOIN.

Well, that would be applicable to hodlers who want cheap bitcoins but those who easily can't control his/her emotions while investing or trading then it's a different story. Most people doesn't remember this especially when they're panicking and just go on with the crowd.

BIT-BENDER

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Quote from: Zoe Saldana on May 29, 2021, 01:21:51 PM

Baron Rothschild, an 18th-century British nobleman and member of the Rothschild banking family, is credited with saying that "the time to buy is when there's blood in the streets." He should know. Rothschild made a fortune buying in the panic that followed the Battle of Waterloo against Napoleon.

Hard to do but, I'm doing it. My crypto portfolio is down greatly.

The market is becoming a pool of blood, but as formerly the market inhales life and flourishes again, I think many knows and experienced it to even keep buying as they can.
But what is your portfolio like, what coin are you buying in a bad market and sure of it developing.
I think the worst time to buy a shit-coin is almost half way into a bear market, and the expectation of it rising make the anxiety provoking, so I'm the bear market buy those coins able to regrow during bull market.

taufik123

legendary

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Rollbit.com | #1 Solana Casino

Not just buying, even though the market is bleeding, it needs to be analyzed in order to know where the market is going.
when the market is bearish and we buy at a price position that is not ideal, then we will experience a little loss. However, if we know where to enter we will benefit from entering at the lowest price.
all that requires a good analysis. Buying gradually and setting up reserve capital will be very useful when the market is bearish or bleeding like this.

Zoe Saldana

jr. member

Activity: 84

Merit: 3

Quote from: boyptc on May 29, 2021, 03:50:36 PM

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.

Yes, I have 10 limit buys on BTC from 30K up. And doing similar on 4 ALT coins.

boyptc

hero member

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★Bitvest.io★ Play Plinko or Invest!

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.

Zoe Saldana

jr. member

Activity: 84

Merit: 3

Baron Rothschild, an 18th-century British nobleman and member of the Rothschild banking family, is credited with saying that "the time to buy is when there's blood in the streets." He should know. Rothschild made a fortune buying in the panic that followed the Battle of Waterloo against Napoleon.

Hard to do but, I'm doing it. My crypto portfolio is down greatly.

Topic: "Buy when there's blood in the streets, even if the blood is your own." - page 2. (Read 251 times)