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<\/p>\nThere is a book called \u201cExtraordinary Popular Delusions and the Madness of Crowds\u201d, written by Charles MacKay in 1841. The thesis of the book is that the majority is mostly wrong. When it comes to investing, there are always wrong. If they ever rewrite this book, there will be a special chapter dedicated to bitcoin called \u201cDigital Tulip Mania\u201d.<\/p>\n
The number one investment rule is this:
\n\u201cParabolic moves end in tears\u201d<\/p>\n
Below is the monthly price of bitcoin for your consideration.<\/p>\n
<\/p>\n
Print it out. Now compare it to the NASDAQ in 2001. Silver in 2011. Tulips in the 1600\u2019s.<\/p>\n
Can bitcoin go to 15K? 20K? 50K? Sure why not. Never underestimate the madness of people. However, the folks buying it now will never get out in time. They will hold on to it all the way to zero. Idiotic celebrities are tweeting about it. Everyone I know is asking me about it. When every Tom, Dick and Harry is telling you to buy, it\u2019s not. It\u2019s time to sell. When they say \u201cThis time is different\u201d. It\u2019s not. It\u2019s just another top.<\/p>\n","protected":false},"excerpt":{"rendered":"
There is a book called \u201cExtraordinary Popular Delusions and the Madness of Crowds\u201d, written by Charles MacKay in 1841. The thesis of the book is that the majority is mostly wrong. When it comes to investing, there are always wrong. If they ever rewrite this book, there will be a special chapter dedicated to bitcoin … Continue reading Tom, Dick and Harry Call a Top<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4],"tags":[],"class_list":["post-150","post","type-post","status-publish","format-standard","hentry","category-general"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p9wXzO-2q","jetpack_likes_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/stockpicks4you.com\/index.php\/wp-json\/wp\/v2\/posts\/150","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stockpicks4you.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stockpicks4you.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stockpicks4you.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/stockpicks4you.com\/index.php\/wp-json\/wp\/v2\/comments?post=150"}],"version-history":[{"count":4,"href":"https:\/\/stockpicks4you.com\/index.php\/wp-json\/wp\/v2\/posts\/150\/revisions"}],"predecessor-version":[{"id":234,"href":"https:\/\/stockpicks4you.com\/index.php\/wp-json\/wp\/v2\/posts\/150\/revisions\/234"}],"wp:attachment":[{"href":"https:\/\/stockpicks4you.com\/index.php\/wp-json\/wp\/v2\/media?parent=150"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockpicks4you.com\/index.php\/wp-json\/wp\/v2\/categories?post=150"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockpicks4you.com\/index.php\/wp-json\/wp\/v2\/tags?post=150"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}