Blood in the Streets
Baron Rothchild said "buy when there's blood in the streets, even if that blood is your own."
I don't know about everyone else, but each time I think it is as bloody as it can get, it gets bloodier. I've continued to buy, averaging down the cost basis of the projects I'm invested in.
This can be a great strategy, especially when you 100% believe the projects are sound and that they're being held back by their correlation to bitcoin.
An example is with EOS:
Originally I had a cost basis of $6.58 on 1000 coins = $6580
Recently I bought 1000 more at $1.98 = $1980
Adding $6580 and $1980 = $8560
$8560/2000 coins = $4.28
DYOR and I believe you can find a few projects that are pretty much, " can't fail."
In case your wondering I've used and continue to use this primarily on
EOS
NEO
GAS
HOT
FCT
XMR
WAX
Give it a try and/or let me know what you think.
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