I'm just wondering if it is not now the time to start buying and HODLing crypto currencies again???
What do you think?
I saw a trend late last year, where everyone I talked to wanted to buy crypto currencies. When you were at a braai ("barbeque") people told you about a friend of a friend that made x amount of % on their bitcoins and they also wanted to buy. When I visited my girlfriend, her father and grandfather were discussing bitcoin and wanted to know what I thought about it.
These were people wanting to buy that had no understanding of what crypto currencies was, not to mention even what a block chain is. OBVIOUS red lights for anyone knowing anything about markets and trends.
Where are we now? Nobody is talking about bitcoin, everybody knows about a friend of a friend that lost money in the market, that is only the few that want to admit that they lost money and no-one wants to buy in fear of losing money.
Does it not seem to you that the euphoria phase of the market were in December 2017 and we are now in the fear phase? And that this is where the golden opportunity is to buy from everyone scared to lose even more? Are we at the bottom yet?
What is your thoughts on it???