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At least for stocks i don't think this is valid. The great index funds have more all-time-highs then not, for bitcoin this has also partly been true i guess.
by domano 5y ago
At least for stocks i don't think this is valid.
The great index funds have more all-time-highs then not, for bitcoin this has also partly been true i guess.
Still i am wary of crypto investments, easy to get burned.
- autosharp 5y agoI have no idea why you are downvoted. The stock market and the housing market are at all time highs almost all the time for the last 150 years. This doesn't mean you should almost never buy stocks.
- ivanche 5y agoI don't know why you're being downvoted, all-time highs is nothing to be afraid of. Ben Carlson discussed the topic a few times with a lot of interesting data points: https://awealthofcommonsense.com/2020/12/investing-in-stocks-at-all-time-highs/ https://awealthofcommonsense.com/2020/12/investing-in-stocks... https://awealthofcommonsense.com/2017/03/all-time-highs-are-usually-followed-by-all-time-highs/ https://awealthofcommonsense.com/2017/03/all-time-highs-are-... https://awealthofcommonsense.com/2016/11/dont-be-afraid-of-all-time-highs-in-the-stock-market/ https://awealthofcommonsense.com/2016/11/dont-be-afraid-of-a...
- rvz 5y agoWell the context in my replies there is clearly only talking about Cryptocurrencies here. I did not mention anything else. > Still i am wary of crypto investments, easy to get burned. So, since I stayed away from the late Bitcoin mania up to >$60K (and DOGE) and warned others, I am downvoted? This is why people get burned because they don't understand these 'investments' and join in when it is late, or when Elon Musk and Tesla start a pump and dump scheme and baghodl at all time highs, which is what I am talking about. I am now congratulating the BTC short-sellers who took advantage of the sea of red in the cryptocurrency markets just 12 days ago. [0] [0] https://news.ycombinator.com/item?id=27075627 https://news.ycombinator.com/item?id=27075627