> Just because you can call that there will be a Bitcoin pull back in the next twelve months, doesn't mean that it will be less than the price right now > you aren't really giving good advice for what to do today

This. At this point anyone with half a brain knows that there is heavy speculation going on and there is a bubble happening. That doesn't automatically mean you're dumb to be investing, or that those who are still investing surely haven't lived through a speculative market bubble before, as the author suggests.

The only real problem is that many people do not understand the risks inherent to speculation and overexpose themselves to losing money they can't afford to lose. Once you buy into the lie that "the price can only ever keep going up", you're setting yourself up for a rude awakening. But if you properly understand the risks and don't overexpose yourself, you can still invest intelligently.