{"id":171557,"date":"2021-07-19T07:29:09","date_gmt":"2021-07-19T01:59:09","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=171557"},"modified":"2021-07-19T15:10:31","modified_gmt":"2021-07-19T09:40:31","slug":"bitcoin-is-this-a-point-of-maximum-financial-opportunity","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/bitcoin-is-this-a-point-of-maximum-financial-opportunity\/","title":{"rendered":"Bitcoin: Is this a point of maximum financial opportunity?"},"content":{"rendered":"

Amidst an ongoing bearish scenario, Bitcoin may potentially be stepping into a “crypto winter,” which is, a phase of heavy losses followed by a sustained period of stagnation. When the same happened between 2018 and early 2020, the crypto space was able to outgrow it eventually, and register recovery.<\/p>\n

Warren Buffett, the \u201cSage of Omaha,” once said<\/a>, “Be fearful when others are greedy, and be greedy when others are fearful.\u201d Now, with “buy the dip” messages doing the rounds within the community, does Buffett’s philosophy apply? How do emotions factor in here?<\/p>\n

This chart explains the significance of the same:<\/p>\n

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Source: Bernhardt Wealth Management <\/a><\/figcaption><\/figure>\n

Talking about opportunity, popular cryptocurrency analyst Kaleo recently tweeted<\/a> about the current buying window (of opportunity) despite growing concerns about the crypto market’s current state.<\/p>\n

He urged his followers to \u201ckeep stacking<\/a>\u201d and not to let go of this opportunity. It all comes down to sentiments; if one perceives the current market correction as a window to buy more at a discounted rate, then the overall (community) sentiment doesn’t matter. With regards to this, Kaleo reiterated<\/a>:<\/p>\n

“If you don’t believe Bitcoin is dead, this is called opportunity.”<\/p><\/blockquote>\n

Looking at this chart showcasing a price recovery, can “now” be a good opportunity to buy? The analyst thinks so.<\/p>\n

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Source: Twitter <\/a><\/figcaption><\/figure>\n

This wasn’t the first that Kaleo put forward his optimistic approach, despite headwinds. As covered before, he predicted<\/a> Bitcoin to outperform tech stocks and in doing so trace a path surpassing $100k in the long run.<\/p>\n

Other crypto bulls jumped on this “buy the dip” bandwagon too. Not so long ago, Lex Moskovski<\/a>, investment director of Moskovski Capital, saw the plummeting price as a great time to HODL.<\/p>\n

https:\/\/twitter.com\/mskvsk\/status\/1413840827160346629<\/p>\n

Another Bitcoin supporter tweeted,<\/p>\n

\n

Buying #Bitcoin<\/a> right now isn\u2019t risky.
Missing the opportunity to buy Bitcoin right now, is risky.<\/p>\n

Accumulate when others are fearful!<\/p>\n

— Carl Moon \ud83c\udf19 (@TheMoonCarl) July 16, 2021<\/a><\/p><\/blockquote>\n