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RE: Consensus - Market is RED - what is happening?

in #cryptocurrency7 years ago (edited)

Personally I think the claims touting Consensus as a catalyst for launching the cryptocurrency markets into some sort of frenzied bull market were overplayed and destined to fail -- at least in the short term.

Frankly I see it as an excellent opportunity to pick up some of the cheaper altcoins that have had percentages shaved off their price through no fault of their own, even picking up a little bit of BTC as it bounces above the 8k support.

As Baron Rothschild once put it; "the time to buy is when there's blood in the streets."

Or if you want to look at Buffet as an example: "You pay a very high price in the stock market for a cheery consensus." True enough despite his views on the technology, I would have thought. :)

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Indeed - the Consensus event might have been overplayed. I believe that so many factors affect the market that it is hard to " hang one's hat" on one.
You are correct - it is always time to shop for one's favourite crypto when there is blood in the streets.

I prefer Buffets quote though - especially for the play on words " .........cheery CONSENSUS." :)

Good one

I love this