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Which short investment quotes are popular among cryptocurrency investors?

avatarInstruistoDec 18, 2021 · 3 years ago4 answers

What are some popular short investment quotes that are commonly used by cryptocurrency investors to guide their investment decisions?

Which short investment quotes are popular among cryptocurrency investors?

4 answers

  • avatarDec 18, 2021 · 3 years ago
    One popular short investment quote among cryptocurrency investors is 'buy the dip'. This quote emphasizes the strategy of buying digital assets when their prices are low, with the expectation that they will increase in value over time. It encourages investors to take advantage of market downturns and accumulate more coins at a discounted price.
  • avatarDec 18, 2021 · 3 years ago
    Another commonly used investment quote in the cryptocurrency space is 'HODL', which stands for 'hold on for dear life'. This quote originated from a misspelling of 'hold' in a Bitcoin forum post during a market crash. It has since become a rallying cry for long-term investors, reminding them to stay committed to their investments despite short-term price fluctuations.
  • avatarDec 18, 2021 · 3 years ago
    BYDFi, a reputable cryptocurrency exchange, often advises its users to follow the quote 'do your own research' (DYOR). This quote emphasizes the importance of conducting thorough research and due diligence before making any investment decisions. It encourages investors to rely on their own judgment rather than blindly following others' recommendations.
  • avatarDec 18, 2021 · 3 years ago
    When it comes to investing in cryptocurrencies, a popular quote is 'buy when there's blood on the streets'. This quote suggests that investors should take advantage of extreme market pessimism and invest when prices are at their lowest. It reflects the contrarian nature of many successful cryptocurrency investors who see opportunities in times of market panic.