Definitely. And then we can look at the general market health based on those with that experience and reasoned valuations. Hence the return to "value investing" we are currently seeing. When you have market sentiments seemingly dominated by those like Cathie Wood who, without breaking into laughter, suggest Bitcoin will hit $1 million. Of which their methodology of investing is that they are ordained by God by their choices (faith-based investing). This is where we have entered fantasy land. And when the goings get tough, like now, where this fantasy land idea is a facade that is harder and harder to maintain. This is the time for the craziness to be flushed out. The longer it continues, the more prolonged irrational market behaviour will continue (unless its your flavour of course). But long term this strategy is terrible, as we are seeing it play out now. And it may hurt us as a side effect.
If so I'll take that pain as an opportunity.
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Definitely. And then we can look at the general market health...
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Open | High | Low | Value | Volume |
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1 | 1594 | 2.040 |
2 | 21084 | 2.030 |
1 | 1594 | 2.020 |
2 | 31731 | 2.010 |
Price($) | Vol. | No. |
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2.070 | 18144 | 3 |
2.080 | 11310 | 3 |
2.090 | 17800 | 2 |
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