The irony of the quote is that Mr Buffet even forgot to apply his principle on Bitcoin and bought it big a decade ago when most people were scared and called it a bubble 🤷. It goes to show that even doctors don't like taking their own prescription.

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Buying during panic sale is what defines sensible risk and unnecessary risk. Sometimes one may be buying into a total dump where project teams are exiting, thinking it's a correction or the act of weak hands. Whether hacks or not, tokens will always pass through price crash from time to time and it's never an easy decision buying during a crash in price.