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

[Zoe Saldana]

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.

[boyptc]

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]

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.

[taufik123]

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.

[BIT-BENDER]

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.

[rhomelmabini]

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.

[Upgrade00]

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.

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.

[Twentyonepaylots]

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.

[Zoe Saldana]

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.

[sadrina]

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.

[Kemarit]

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.

[odolvlobo]

...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.

[acener]

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.

[cabron]

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.

[pooya87]

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.

[Erdogan]

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.

[Leviathan.007]

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.

[Lorence.xD]

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.

[electronicash]

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.

[boyptc]

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.

Great then!

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.