Could have bought it in March this year for sub $4000.
Downside risk is much greater now than it was earlier this year.
Is it the mentally challenged that are getting fleeced right now.
I don't think buying at a high price is wrong. Those who buy at the highest prices are not idiots. If they believe in a bigger rise in the future they will hold on for a long time and they will still make a profit if in a few years bitcoin hits $ 100k
I don't think that's a good thing, unless he has a strong mentality to risk losing. Why is that? because we will never know when it will happen, of course it must also be taken into consideration before starting to invest our funds in bitcoin.
because it is not impossible that in time we as investors also need financial suddenly.
If we want to invest, then we must be prepared to lose. I think all investors are aware of that before they invest.
We don't know when the asset value will double, therefore, the way to invest is not to put all the eggs in the basket.
So, an investor must be able to manage finances and must be able to distinguish money for needs and money to be invested.