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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