The 4 Most Dangerous Words for Bitcoin Investors: "This Time It's Different"

Famed investor John Templeton once remarked, "The four most dangerous words in investing are: This time it's different." It's an acknowledgment that investing tends to follow certain timeless rules, and that investors often become too bullish about the prospects of any high-flying asset.That's what has me so concerned about Bitcoin (CRYPTO: BTC) right now. There's a growing sense that Bitcoin has somehow outgrown its historical boom-and-bust cycle, and that severe market corrections are now a relic of the past. But is that really the case?Long-time Bitcoin investors recognize that the world's most popular cryptocurrency tends to follow four-year cycles. Each cycle is further subdivided into four distinct phases. There's a period of accumulation, followed by a period of rapid growth, a bubble, and then a crash.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool