Quote from: lumierre on Today at 03:35:09 AM

I follow the strategy of investing exactly at the moment when other people are scared. When there is a drawdown, many people start selling, but long-term investors should be strong and be ready to buy more on a dip if they really believe in what that hold. Bitcoin has already overcome many drawdowns and it has always recovered, also I know that it has already has a value as it is used in many financial operations, so I continue holding.

How exactly or what makes you think that people are scared at the moment? You know that there wouldn’t be a way that you would be able to tell exactly that people are afraid to invest in the market and that they’re selling, just that there is a little breakdown in the price doesn’t mean that everybody is already running helter skelter and trying to leave the market.

So you still have to be careful, because the drop in price might just be a little drop that will still go back up again and reach a higher price than the one it was at post the drop. Unless when you would say that people are afraid in the market is when there is a heavy drop in the price, take for example when the market first reached $63,000 which was the first of all time high price this year, it then dropped to around $30,000, that’s when you can say that people are afraid and you can use that opportunity to invest. I did invest then at around that $35,000, and I have benefited from it quite a lot.