Here come the Warren Buffett quotes again

mtoner98
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Here come the Warren Buffett quotes again

Every time we have a huge selloff it's the same old crowd telling you to double down, "be greedy when others are fearful" etc. Just a reminder you don't know if these people are actually buying, they could easily be on the other side of your trade selling into you. I don't invest in crypto so I don't have a dog in this fight, but I have lurked on this forum for too long and seen too much shameless, smug pumping followed by another leg down at this point.

I'm not going to tell you what to do because the truth is I don't know, and there is NOBODY who knows how to value Bitcoin over the long term and ESPECIALLY not in the short or medium term. Since you guys like quoting Warren buffet so much however, I'm guessing his advice would be

A) not to invest at all. Why you guys quote Warren Buffett I will never understand given he has also said "Cryptocurrencies basically have no value and they don't produce anything." "I don't own any cryptocurrency and I never will," etc.

B) if you are going to do it anyway, don't be an idiot who invests more than they can afford to lose and

C) be cognisant that this is an opaque, unregulated capital market with bad actors where systemic contagion risks can pop up out of nowhere with no warning, hence you should minimise your exposure to any and all financial institutions as they have proven themselves untrustworthy as a cohort.