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It's better to do that in reverse: "Forget about crypto. Set a reminder to buy some in 12-18 months. When the reminder goes off, buy it. Hold for another 2
by nostrademons 5y ago
It's better to do that in reverse:
"Forget about crypto. Set a reminder to buy some in 12-18 months. When the reminder goes off, buy it. Hold for another 2 years or until all your friends tell you to buy."
If you buy now, when it's in the popular imagination, you're almost guaranteed to buy at a top. You want to buy when everyone has forgotten about crypto and moved onto the next thing.
- acchow 5y ago> until all your friends tell you to buy. As far as I can tell, everyone and their dog has been saying to buy crypto since crypto hit $10k a second time in 2020 Regardless, I think the crypto bubble is just a reflection of central bank money printing. If they do resume QE (which we're not sure will actually happen), then you can expect crypto prices to rise again
- nostrademons 5y agoYeah, and the time to buy crypto was in early 2019 or late 2018 when BTC was going for $3-4K.