You know what Xorkoth, when BTC hit the bottom last year Mrs Chesire_Kat and I discussed things over and decided to sell ours off while it still had some value. When I went to sell it I discovered that my old wallet had been deprecated due to security problems and I had to buy a newer version to access my BTC. They were in short supply so I had to wait for a few weeks and by the time my new wallet arrived BTC was already recovering so I put off selling.
I was so close to selling at the bottom it's not even funny.
Everything I gained from BTC is total luck. Left to my own devices I would have made real bad mistakes twice already.
Timing lows and highs a highly volatile active like BTC is a losing game, imho.Man BTC getting close to $38K. Fuckin wild. If it doesn't have a big crash/correction after this exponential fomo climb, but would goo to buy some even if only to sell it at a modest gain when it shows signs of stalling. But the last big spike, I bought in right around here and fucked myself.
How is Tesla at 700+ billion market value?
They made 500k cars last year, 700 billion is larger than Facebook, what a joke.
I'm guessing buyers are a mix between Musk fanboys and people trying to make a short term profit but I mean, it should be worth 1/50th of that no?
It is really wrong to be a permabear, but it is good to never forget that markets can drop anytime.
A nice video explaining on historical perspective how hard can be to stay invested in market crashes. And mentions two important things: your age and how much money you have in. You can skip to around minute 12 where starts reviewing historical crashes.
It's very difficult to time the markets. Specially if you are not a professional. It is quite delusional to believe you can do that during all your lifetime. The only way I find protection without going crazy is having some % of your portfolio permanently allocated in protective assets (cash and gold). Right now for example I am around 50% in stocks, 25% cash, 15-20% gold, 5% BTC. I dismiss bonds in this climate of zero interest rates, as I see a spike in rates could make them fall sharply.