A famous trader is often quoted for saying Buy when there is blood in the streets, even if it's your blood.
Yes, Nathan Rothschild. I tend to apply this more to stocks and shares though. In the crypto world, rug pulls, scam coins and such are much more prevalent.
In stocks, NVDIA is available with a nice haircut on price currently is a good example of taking advantage of the blood on the street. Deepseek is afterall still using NVDIA GPUs...
Good Point: I agree that in crypto, the blood from rug pulls must be distinguished from blood from panicked sellers making paper losses real.
Good Example: I think NIVIDIA is the perfect example of a good candidate for buying the dip from bad news and expecting "mean reversion" to come into play, but that is my opinion.