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RE: Cryptos hit BOTTOM today. Time to buy HUGELY and HODL as we go to the MOON
If I did believe in BTC, which I do not, it still doesn't make sense to try catching a falling safe. That's a good way to get killed.
You wait til it hits the ground and bounces, before you move in.
At least that's what I would do with an asset that had intrinsic value.
Bitcoin in my estimation is already obsolete. I think it's probably going to $1200 or so.
Technically obsolete for sure. But because of its first mover advantage, it could still be the top coin for another year, before its technical aging behavior starts to show up in its price.
Tends to be true that market leaders can sustain their first place position, for along time after the point when they truly still deserved to be in first place.