Big name investor predicts the crypto market

[Clubber Lang]

Crypto market is already almost 50% off of it's high.

-50% is a walk in the park for crypto.
HODLers don’t even start complaining until -70%

 

[Tradex]

But even if we get a crash of that magnitude again, history taught us from before that it would be a massive buying opportunity.

"Buy when there's blood in the streets"
(Baron Rothschild, 18th century).

 

[Covertibility]

https://twitter.com/x/status/1406349369276735489

An omen !!

 

[Vtechno]

Oh damn, I love all racing but had no idea doge coin was on a Nascar/Winston cup. Great camera angle to capture the Shiba on the hood as it passes the start line.

 

[Overnight]

https://twitter.com/x/status/1406349369276735489

An omen !!

lol!

 

[RedDuke]

"Buy when there's blood in the streets"
(Baron Rothschild, 18th century).

With crypto really hard to know when there is blood ….

 

[d08]

"Buy when there's blood in the streets"
(Baron Rothschild, 18th century).

Depends on the instrument. Was buying tulips at the lows worth it? Did it bounce back? Not every crash is a buying opportunity. TSLA on the other hand? If it was 90% down from the current price, that would probably be a good opportunity.

 

[NoahA]

If it was 90% down from the current price, that would probably be a good opportunity.

If it was down 90%, it might almost be considered fair value based on EPS and their market cap in relation to how much share of the car market they actually have. But this doesn't mean it would rise, or that it couldn't fall further, just that maybe the stock price would maybe make sense.

 

[SoCal1Trader]

To be honest, Michael Burry is NOT a big name investor. He just happens to be a guy that made a name of himself being far too early (which means he was wrong) in his short bets long before the 08 financial crisis.

 

[Tradex]

Not every crash is a buying opportunity.

True, but stock indexes that crash and never recover (like the Nikkei) are rare.

Plus the pros always wait for some sort of bounce to buy, like a breakout of a down trendline for instance, they just don't buy simply because it's cheap and panicky traders are dumping their stocks like crazy.

As far as crypto is concerned, it can ONLY go up in the long run, the New World Order people need crypto to run things...