Quote:
Originally Posted by tophcfa
It’s a game of musical chairs. If you get in early while the music is still playing it’s all fun, but it’s wise to stop playing early. When the music stops there very well might not be a single chair around.
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I totally agree. While there will always be those who anonymously tout (falsely brag?) about how much they've made on crypto and were able to get out already with huge returns, IMHO the market is being driven by those who are ruled by FOMO (fear of missing out). As we've seen time and time again (the Tulip fiasco is a good example) by the time that fomo feeling takes over, it's usually too late. And those few who actually made amazing returns by actually getting out, will most likely try again for that adrenaline rush and good luck to them looking for a seat - when it crashes. I'll continue to look to the Oracle of Omaha and his tried and true formula for building wealth - as it's worked pretty well so far.