"Buy at the Sound of Cannons and Sell at the Sound of Violins"...
* Buy at the Sound of Cannons: Indicates that it is time to buy when the market is down, in times of crisis or uncertainty, when most investors are selling out of fear.
* Sell at the Sound of Violins: Suggests that it is time to sell when the market is up, in times of optimism and euphoria, when most investors are buying out of greed.
The phrase is attributed to the 18th century financier Baron Rothschild, who is said to have made a fortune buying British government bonds during the Napoleonic Wars.
The cryptocurrency market is known for its high volatility, with prices that can rise and fall rapidly in short periods of time.
* If the market recovers, assets bought at the low can appreciate significantly, generating profits for the investor.
* It is important to remember that not all assets recover after a low. You need to be careful and invest in solid projects, with strong fundamentals and long-term growth potential.
* Selling at a high can also be a way to protect your capital from a possible market correction.
* You need to be careful not to get carried away by greed and hold on to assets for too long, running the risk of losing profits if the market goes down.
* You need to have emotional control so as not to get carried away by fear and greed, which can lead to wrong investment decisions.
"Buy when the cannons are roaring and sell when the violins are playing."