Post
Topic
Board Altcoin Discussion
Re: Buy when there is blood in the streets
by
Minnie1928
on 06/02/2018, 21:22:02 UTC
Financial market legend and 19th-century banker Nathan Rothschild once allegedly declared...

"The time to buy is when there's blood in the streets."

As the story goes, Rothschild used this contrarian approach to amass a fortune.

There are also risks involved with this contrarian approach and investing. All the famous contrarian investors including the Rothschild invested large sums of money. They invested differently than the 90 percent of the common investors which had their own plans and strategies. These famous contrarians did not make the profit on pure luck. Prior to the investment, they did some serious research to ensure that the 90 percent of the other investors were indeed wrong in their theories about the market possible curves. When a certain crypto ( currently all cryptos ) takes a nosedive, this doesn't prompt a contrarian investor to buy all cryptos on a low value. It is pushing him forward to investigate prior the investment and to find out what has caused the drop of the specified crypto and is that drop even justified for the specific crypto that is his investment target.

The Rothschild contrarian approach is usually misinterpreted and viewed differently. This famous quote has different meaning and it is for us to interpret his words properly because the wrong interpretation of this famous quote can only bring the bigger loss. ( after that who will you blame? - Rothschild?). Be smart and analyze the suggestions that have the one use only and that is the better analyzation of the market!