- "Unfortunately, we can't predict the future. What we can do is focus on long-term financial goals and look for opportunities in the turmoil. The emotional reactions of others may create rational opportunities for us." - (Reyes Financial Architecture)
This holds true for not only traditional financial markets but, possibly, even more so with crypto-currency markets. Both are plagued with irrational investors guiding the markets by collective opinions and/or a heard mentality. Separating one's emotions is a must when dealing with one's investments. If one is able to see the forest for the trees the anarchy of irrational decisions "may create rational opportunities for us."
- "When the masses are selling the individual should be buying."
- "The pink sheets & crypto-currencies are still profitable"
- "Look for alternative investments."
- "Hold physical wealth. Gold, Silver, Platinum, Palladium, Rhodium bullion. (as of this write-up precious metals are at relative all time lows) "
P.S. The quotes without an explanation DO have caveats so do not read them just at face-value. Instead, think of the exceptions to the maxims and different workarounds/solutions for those exceptions.
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