One year ago, I was virtually assaulted for suggesting bitcoin was “as good as gold” and most of the commenters said bitcoin was in a bubble and “tulip mania” when it was near $1,300 while stating that gold was the best investment.
Nine months later and bitcoin had risen to $17,700 and I was lambasted for even stating that bitcoin could ever go down again… and nearly everyone commented that gold would never rise again.
This is why you shouldn’t be taking your investment advice from Youtube commenters! In fact, I often use it as a gauge of public sentiment and if everyone thinks something is going to go up… then it will almost surely go down. And, vice versa.
Funny how that rule never wears out! I've been using it myself. On the assumption that we're in a "Crypto Winter," I've paid off all my credit card debt and getting ready to dollar-cost-average into more cryptocurrency when it looks like a bottoming.