this is Shiba Inu a crypto token on Ethereum Blockchain, absolutely useless in both crypto and real world. Yet it commands an astronomical market cap of 9B$
Its just a liquidity fueled mania, an extravagant display of greater fool theory in play. at least our small caps have are engaged in some meaningful business no matter how inflated their valuations are.
I am not good at timing the peaks, nor do I have the temperament to handle such volatility. Those who can, kudos to them. I continue to hold onto names that fit my rules and thesis and sell them at valuations that I’m not comfortable holding, I might sell them sooner and miss out on gains, make mistakes, learn. Indexes are just distractions, manage your risk and focus on individual businesses.
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