Re:Bitcoin surpasses $50K as major companies jump into crypto
by seibelj on Tuesday February 16, 2021 @07:23PM
(#26160892)
If everyone agrees with an investment then it no longer has the potential for high returns as everyone is already in. You need to look at what others don’t and decide for yourself. No one can know the future, you need to have personal beliefs, ideals, and investment theses. Not listening to the HN groupthink helps for investment decisions. The people here are super smart about many things but money is not one of them.
That's what everybody said when it was $17k and crashed to $5k. I loaded up on it, now its $50k. I bet there were a lot of similar comments saying that it would never be 10x. I also seem to recall a lot of people 10 years ago saying TSLA was overpriced and they would never hit their production goals. Time will tell.