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
When you know that bitcoin is not a bubble, bitcoin is the new digital gold and bitcoin is here to stay then you will buy it even at 40,000$ and believe me you will be happy seeing bitcoin cross 100,000$ or more in coming days.