[Cthulhu_]

Common stock advice: if you hear about an investment opportunity, you've probably already missed out.

Ex: Bitcoin stocks (yes they're stocks / investment products) are only really reported on when they're at an all-time high. They may go up a little more if you're reading something fresh off the press, but it's not going to go up as much as it already has. I mean if you bought a year ago you could have had a 10x return on investment, if you invest now it'll be 10-20% return on investment at best.

[ChuckNorris89]

Pretty much this. Once the hype has reached the mainstream, the opportunity has peaked or already passed.

[WrtCdEvrydy]

Yep, the only reason you should buy into the Bitcoin is when you see the news that it's going the other way (ie: Bitcoin drops $2,000 in 30 minutes)

[thebean11]

$2k is only 4%, swings like that happen like every day. Would not recommend trading on that news.

[porknubbins]

If “hear about” means major media wrote a news story about it because it has gone up then yes. But I’ve learned about profitable investments from places like twitter, reddit etc if you are deeply plugged in to what is happening.

[fennecfoxen]

Or deeply plugged into the world of fantasies and pump-and-dump scams. It can be hard to tell.

[jobigoud]

That's the reasonning that prevented people from buying the ATH when Bitcoin made the news in 2011. And in 2013. And in 2017. And 2020.

[thebean11]

Historically when they reach all time high again after a crash they still go up quite a bit (like 400% last upswing). Obviously not a huge sample size there though

[wtf_is_up]

Where can I find this Bitcoin corporation that issues stock?

[base698]

$MSTR is one.

[plank_time]

Also once Wall Street turns it into a structured product or an ETF, then stay far away.

[asdff]

SPY has gone up 191% in 5 years. I'd say the good ETFs are fine.

[bitexploder]

Bitcoin has different fundamentals IMO. For buy and hold I still think 10x from here (over the long term) is possible. This year we might see up to 100k. It’s extremely fickle. We could easily see 5k again. No one really knows, though. The best fundamental analysis that gives a bright future is of Bitcoin replacing some significant market cap for gold. Probably not though.