Commentary
Everyone is talking about Bitcoin again because the price is up, even way up: $34.5K. There are huge earnings here but with a caveat: you have to buy low. If you bought at $65K as many people did a few years ago, you are still down by half. If you bought at $15K as hardly anyone did, you are doing extremely well. There is no sure thing, despite what the boosters say.
This is the downside of only paying attention to Bitcoin when the price action is upwards. This is true for anything you purchase as an investment. When the hype grows, chances are that you are being drawn into a sucker’s rally. When its price is low and everyone else stops talking about it and even trashes it as forever dead, that’s when you need to get interested….
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