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When the market euphoria was going close to its peak of peaks You only know it was a peak after it peaks. So your advice just boils down to 'sell before the pr
by joosters 4y ago
When the market euphoria was going close to its peak of peaks
You only know it was a peak after it peaks. So your advice just boils down to 'sell before the price goes down'. What an insight!
- piva00 4y agoIt definitely sounded like a "you just need to be right when timing the market!" advice.
- rvz 4y agoOr simply that hype, euphoria and low interest rates will not last forever. And this was essentially announced years ago in advance of the interest rates now being raised.
- rvz 4y ago> You only know it was a peak after it peaks. So your advice just boils down to 'sell before the price goes down'. What an insight! Ah yes. You're reminding me about the warning I gave when stocks like $NET were going all the way up and I questioned others 'buying' / 'holding' it at the top and never selling, during the same period of euphoria at the time. [0] You can look at the responses yourself. It is no different to those who I questioned why many bought Bitcoin at >$60K at the time, even when it reached back up again. [1] Seems expected in advance to the entire market correcting. Great insight of mine not to join the 99% or wait months for a 'formal' announcement or data and then 'prepare' months afterwards. [0] https://news.ycombinator.com/item?id=29355360 https://news.ycombinator.com/item?id=29355360 [1] https://news.ycombinator.com/item?id=27206314 https://news.ycombinator.com/item?id=27206314