"Be fearful when others are greedy"
Updated
I think history will repeat itself, just watch the chart.
People start thinking Bitcoin makes "free money" for everyone. It is easy to be a millionare or even billionare, "just invest all your money in Bitcoin". Unfortunately it is not working like that, never was... At the end of the hype, many will lose all their money while they are sleeping, and a few clever guy, who made this balloon on purpose, will be making billions shorting Bitcoin.
I dont say to short Bitcoin, i just say there are no "free money" in this world, and dont hop on on that train. As Warren Buffett said:
I will tell you how to become rich. Close the doors. Be greedy when others are fearful, and fearful when others are greedy.
-Warren Buffett, Multi-Billionaire CEO of Berkshire Hathaway
People start thinking Bitcoin makes "free money" for everyone. It is easy to be a millionare or even billionare, "just invest all your money in Bitcoin". Unfortunately it is not working like that, never was... At the end of the hype, many will lose all their money while they are sleeping, and a few clever guy, who made this balloon on purpose, will be making billions shorting Bitcoin.
I dont say to short Bitcoin, i just say there are no "free money" in this world, and dont hop on on that train. As Warren Buffett said:
I will tell you how to become rich. Close the doors. Be greedy when others are fearful, and fearful when others are greedy.
-Warren Buffett, Multi-Billionaire CEO of Berkshire Hathaway
Note
Happens faster than i tought :)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.