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Contrarian investing runs on a simple premise: buy what the crowd despises.
The argument being advanced about $BTC right now is that sentiment has turned cold enough to qualify as a buy signal, and that moment appears to have arrived.
What complicates it is that widespread negativity has never, on its own, been a sufficient thesis. The case for a contrarian entry rests on crowd psychology more than fundamentals.
When an asset is universally derided, sellers who wanted out have generally sold. What remains is a holder base with conviction, and new buyers arrive into a market with less overhead selling pressure.
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