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RE: Cryptocurrency Bloodbath! Sell Everything We Were Totally Wrong!

in #money7 years ago

You should wait until a bottom is CLEARLY built. You can identify a sustainably bottom with methods of chart analysis. Look at the btc chart from 2013 - 2015. A BIG "U". But this time it will not take some years, but some month. Watch the vola and the sales numbers on the exchanges. They both need to be low.

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This is GOOD advice. Waiting is the key point to "buying low." People are panicking and they will remain fearful for some time until the dropping levels out, which can take weeks or months. But, the collective psyche will eventually forget and other zoom upwards will happen. That is just how all markets work.