To any neutral rational observer with just a minimal understanding of economics, it is clear that Bitcoin is deep into a bubble.
But investors can still make money.
The price can still continue to go up for a while. This is what economists call the "Greater Fool theory". In this, an investor buys an asset (for example Bitcoin) purely on the speculation that the price will go up because someone else is willing to buy at a higher price (the new buyer is the greater fool).
This strategy can of course be profitable for an investor who buys for example at a dip and sells on the way up.
But, as anyone with half a brain knows, as this is purely a bubble it also means something else.
It means that any investor that buys now can only be one of two types of people:
- You can be the greater fool. Ask yourself if that is you?
- Or you can be the one buying with a plan to sell to the greater fool. But that also means you plan as an investor is to cheat he greater fool - which in effect is stealing from somebody dumber than you.
Therefore, if you have been buying Bitcoin in the past months, ask yourself:
Are you a thief or are you a greater fool?
With the market cap of all crypto coins getting near 1 TRILLION
The fools are those who refuse to admit a seismic shift to crypto is occuring
Crypto is now bigger than every major US company
So as it roars past 1 trillion then 2 trillion do you grasp how much some coins will be worth
If you don't have some crypto at this point you are the fool
BTC is the favorite amongst investors
But you have many other major cap coins
Eth
Xrp
Bch
LTC
Then many lesser nice coins
Will all the coins increase of course not but soon many will be at levels where the winners that look expensive today are considered dirt cheap in the future
Not buying into crypto only steals from your future wealth
Crypto is here to stay like the net
You get with it or you have stolen from your own wealth knowing how big it is now and what happens as it grows
