According to @QCompounding, buyers who purchased Microsoft at the Dotcom Bubble peak in 2000 had to wait 16 years to make a profit, underscoring that price paid at euphoric highs—not company quality—determined the return path. According to @QCompounding, the trading lesson is that overpaying at cycle tops elongates payback periods and drawdown duration, making entry discipline critical. According to @QCompounding, crypto traders in BTC and ETH should apply the same peak-pricing risk framework by avoiding late-cycle chase behavior and managing entries to reduce the probability of multi-year underwater positions. According to @QCompounding, great assets can still deliver poor outcomes if bought at bubble valuations, so risk management must prioritize price discipline at highs.