Much to the chagrin of all those detractors and doubters … Bitcoin just hit $40,000 overnight. Yes, it happens that fast in a bull market. From zero to hero. Which is exactly why I didn’t design the system to jump in and out of tethers or what have you for (perceived) safety. You know who you are 😉
And to the muppets who keep suggesting that “I would have jumped into tethers”…. no you wouldn’t. Not in a million years would you have done that.
Not one (sane) person in the entire crypto universe jumped into tethers when things were rockin’, and anyone who jumped into tethers at 28K now faces a shit-stick option of buying [...]
Remember this quote? “FEAR is the path to the DARK SIDE….. FEAR leads to ANGER….. ANGER leads to HATE…. HATE leads to SUFFERING…. And SUFFERING leads to stupid ass trading decisions you’ll regret later down the line.”
Okay I made up that last part but if Yoda was an investor I’m sure he would have included it.
Well that didn’t take very long. Much to the collective chagrin of the perma-bears (i.e. the majority of retail traders) this effervescent equities market seems to always have another trick up its sleeve. In actuality it’s the same old trick over and over again, but per the time tested maxim: if it ain’t broken don’t fix it.
Not even two months ago I kept receiving a flood of emails from readers and even old friends who asked me if it was a good time to buy bitcoin.
My standard reply was – and continues to be – that it’s *always* a good time to buy bitcoin. Mainly because unlike in trading my investment window is measured in months and years – and not in days or weeks.