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The Biggest Opportunities Come When Sentiment Is at Its Worst
Don’t Let Perfect Timing be the Enemy of Great Timing
Teeka Tiwari
July 05, 2024
The Biggest Opportunities Come When Sentiment Is at Its Worst
On March 10, 2023, we witnessed the third-largest banking collapse in U.S. history
That was the day Silicon Valley Bank went under. Shortly after, Silvergate and Signature banks also imploded.
Panic spread through the markets. And for the first time since the 2008 Great Financial Crisis, we saw massive bank runs in the United States.
When all was said and done, the S&P 500 had dropped from its 2023 high of 4,195 in February to a low of 3,808 by March 13 on fears of a meltdown in the financial system.
The carnage wasn’t limited to the banking sector…
Like the stock market, bitcoin sold off during the banking panic. It previously hit a high of $24,915 in February but plummeted to a low of $19,873 on March 10.
While everyone was panicking, I sent a special video update to subscribers of my flagship cryptocurrency newsletter.
The title: “What This Bank’s Stunning Fall Means for Crypto and Stocks.”
These opportunistic sell-offs that we’re seeing, which have nothing to do with the underlying fundamentals, are great buying opportunities… So what I would suggest is to continue dollar-cost averaging. I’ve said before that below $20,000, you can put opportunistic capital to work.”
As I predicted, not only did bitcoin bottom just below $20,000 on March 10 – less than four weeks after my video… it blasted past $30,000.
Anyone who listened to me had a chance to make 52% in just five weeks on BTC.
Most people would shy away from this type of volatility. But if you understand its nature, you can take advantage of it – just like many of my readers have done over the years.
And right now, I’m seeing a similar set up in bitcoin to make short-term profits while you let your core stack grow.
Don’t Let Perfect Timing be the Enemy of Great Timing