Short Report: Bearmarket Warren Buffet Quotes, by Shortsegments.

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6 years ago, comments: 14, votes: 72, reward: $1.36

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Sometimes when you invest, you have to go beyond your comfort zone.

Hello Steemians,

In terms of the altcoins market, the last several days there’s been blood in the streets with all altcoins showing red, until today. A small green revival took place. Whether it continues or not we will see. During times like this I like to review what traders who have been through bear markets many times have to say. Their words become my encouragement and my motivation. One of those traders is Warren Buffet, the billionaire value trader.

Bear Market Buffet Quotes:

”Most people get interested in stocks when everyone else is interested and the price is high. The best time to get interested is when no one else is interested and the price is low”.

”Look for good companies, with low prices and buy all you can afford, using money you can afford to lose.”

”You can't buy what is popular and do well."

I don’t have a crystal ball, but I know that Steem has made many hardware and software improvements, Steem Inc., is generating revenue with advertising and cutting costs, while the Steemit development team has turned out many new innovations like hive mind, Mira, and other innovations like SMT and Communities are almost ready for public release.
Plus I Steem Engine, the Tribes, the Games and other Applications (Dapps) are doing very well. However, I realize the price of Steem is very low and nearing an all time low. So many of us are outside our comfort zone with regards to Steem. But I still think the strategy of buying good companies when their unpopular and their price is low, is a sound one. So I will be HODLing and buying more Steem little by little. We all have to decide what to invest our money in using our own minds.

✍️by Shortsegments.

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References

  1. https://steemit.com/cryptocurrency/@zonkd/two-warren-buffett-quotes-changed-my-life
  2. https://steemit.com/steem/@gripenfire/29-warren-buffett-quotes-on-investing-and-success

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