The market can remain irrational longer than I can remain solvent.
Liked. A colleague of mine keeps repeating this mantra as well, both in reference to BTC and to the stock market. TBH, we really don't have any sense for what level is overvalued for BTC while we do have a sense that the stock market is overvalued (based on P/E ratios and other common metrics), so I would much sooner short the stock market than BTC, but even then I come back to your mantra