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RE: People Are Saving Money To Buy The Top While Neglecting The Bottom

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@curatorcat.leo
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1 min read

Certainly a classic "truth" and an interesting statement about human psychology.

But I could also play "Devil's Advocate" here and point out that when markets are down — be that crypto, property, stocks or whatever — the greater economy is typically in the toilet, and people have no funds to "buy the dip."

For example, I'd LOVE to be able to stock up on Hive and LEO at these prices, but I need every cent I have to just pay for food, electricity and such. When times are better and people have more money to support my business, I have more money myself... and markets are typically UP.

That doesn't mean that I don't think there are great opportunities for those sitting with idle cash on the sidelines buy in at bargain prices... but I think they're a tiny minority.

=^..^=

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