"Never catch a falling knife" - investors should still take this old saying to heart. Because, this means never buying a stock/asset that is currently in a strong downtrend. This enticement may be great but accordingly dangerous and can have fatal consequences. It could happen that the price falls even deeper and the investor thereby reaches into the symbolic falling knife, whereby it can seriously damage your investment under certain circumstances.
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That's very true. Thanks for sharing this.
You're welcome mate. We are all on the same boat, no one needs to lose money. Crypto is for everyone and those who are involved now will have good times hopefully one day.
This is great advice, although I find myself catching falling knives probably more than I should! It is better to wait until the downward trend just starts reversing. Follow the trend, don't fight it ;)
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STOPGood thoughts