Are investors investing in Bitcoin at ATH now are fools ? - page 14.

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Quote from: owenle on March 04, 2024, 09:39:58 AM

Are investors investing in Bitcoin at ATH now are fools?

Bitcoin Investors buying at ATH are not fools. it's speculated that the price will hit an ATH of $120 - $150k in the incoming bull season. So, investors buying now are certain of atleast doubling their investment if they want to sell during the bull season. Also, there's another category of investors called the long term holders who have been buying before now, and will keep buying until they decide to take profit in the next 10 or 15 years and only God knows what the price of Bitcoin will be then.

Quote from: owenle on March 04, 2024, 09:39:58 AM

Is there chance of major correction from here as prices have already peaked now.

Yes, there is.

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Quote from: owenle on March 04, 2024, 09:39:58 AM

Are investors investing in Bitcoin at ATH now are fools ? Is there chance of major correction from here as prices have already peaked now.

There are people who buy bitcoin because they use it for daily transactions, so price for these people doesn't matter, they convert bitcoin in USD value and buy that way. Btw on another hand there are people who really invest in bitcoin during this time. Majority of them are fools only in the case if they aim for short-term profits because it's very risky to buy bitcoin at 63K and make a sell order at 65K to take some money in your pocket. I wouldn't call fool to someone who buys bitcoin even today and plans to wait for 4, 5 or 6 years because long-term, 63K is still a dip.
At the moment I wouldn't but Bitcoin, price is too high for that. I would short sell right now.

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Quote from: owenle on March 04, 2024, 09:39:58 AM

Are investors investing in Bitcoin at ATH now are fools ? Is there chance of major correction from here as prices have already peaked now.

There is a chance for a major correction but there is also a big chance that bitcoin is going 150k from here, you still think that they are fool? I don't think so, even if there is a major correction it's still a good buy, I won't advice anyone to go all in on bitcoin though, it's better if they DCA but I have a good feeling that there will be some calm before the real storm.

The bitcoin halving is just 45+ days away, it's very closer than we think and once it's over there might be a big correction but this won't stop the fact that Bitcoin is going to make a new all time high, we are already on the way into the 3rd phase of this bull market and which will be the last tsunami move so it's still a very good time to buy.

I have bought majority of my holdings since early 2022 while everyone was scared of a possible 10k per bitcoin, following the horde never pays in this crypto space, you must stand for yourself and use the little knowledge you've gained, the best time to have bought everything this time around was in 2022.

itorai

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Quote from: bittraffic on March 04, 2024, 12:26:27 PM

Not really fools but they are likely not aware of how the cycle works. ATH usually is where the downtrend will start but if they know it will happen they will not try to get in. Most probably they are just tempted because the price continues to keep rising and then start thinking they could have doubled their money already if they did buy last month or week. This is actually very common to newcomers in crypto.

Yes i totally agree with that and not only that but all those who do not know how a cycle works will experience the same thing, so we have to know before we start and the same thing applies to every trade.
But in this case it is the newcomers who seem to be scared, but i see two options that affect it.
1. Fear that what they buy will soon go down and be sold.
2. As you said @bittraffic they are "tempted because the price keeps going up and then start thinking that they can multiply the profit" so they sell.
So maybe it's a natural thing because i was also in that position, but with the passage of time and continuing to learn, i now feel that i can control it yee.. even though the results are not much, I am still grateful.

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Quote from: owenle on March 04, 2024, 09:39:58 AM

Are investors investing in Bitcoin at ATH now are fools ? Is there chance of major correction from here as prices have already peaked now.

Investors who are investing right now at current ATH, might see loss during a correction. However if they have long term Outlook and they are willing to do cost averageing, their investment should be fine. The best way to invest in Bitcoin is through systematic investment plan. You get into the market at different price points so that you can average out your buying price. Otherwise there will always be risk.

No one is stupid when it comes to money. But the investment time and holding time really matters for an asset like Bitcoin.

bittraffic

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Not really fools but they are likely not aware of how the cycle works. ATH usually is where the downtrend will start but if they know it will happen they will not try to get in. Most probably they are just tempted because the price continues to keep rising and then start thinking they could have doubled their money already if they did buy last month or week. This is actually very common to newcomers in crypto.

criptoevangelista

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Anyone who didn't want to buy in 2020 when it reached 20 thousand (ATH 2017) missed the entire rise in the cycle. I'm not thinking about getting rid of anything and I'm not going to buy anything either, I've already bought everything I had... I finished shopping in December 2022. I ran out of FIAT money haha My rule (not is a recommendation): ALL IN and "just go" Tongue

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Quote from: owenle on March 04, 2024, 09:39:58 AM

Are investors investing in Bitcoin at ATH now are fools ? Is there chance of major correction from here as prices have already peaked now.

At ATH in 2021, if they still hold their bitcoins, they will see it again.

After the halving, months after that event, Bitcoin will have a parabolic growth and 2021 ATH will be a past story. We wil have a new all time high and 2021 ATH buyers will get profit.

If they were panic since 2021, they already shaked their hands and sold their bitcoins. If they still hold coins now, no reason why they feel fool today.

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Quote from: m2017 on March 04, 2024, 11:39:42 AM

The only person who can be called a fool in BTC-investments is the one who sells this cryptoasset at a loss (cheaper than the purchase price).

Well I mean many Luna holders would contradict you. Bitcoin has been called out for 'dying' many MANY times before. If only once this call out would of been true, it would be enough for all the people who sold at a loss to be SMART instead of fools. Then the fools would be the Holders.

It is also possible that Bitcoin suddenly drops by 30 percent and will never get to recover to All Time High again. We would all be fools.

Only the future will determine who the fools really were.

m2017

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Quote from: owenle on March 04, 2024, 09:39:58 AM

Are investors investing in Bitcoin at ATH now are fools ? Is there chance of major correction from here as prices have already peaked now.

The only person who can be called a fool in BTC-investments is the one who sells this cryptoasset at a loss (cheaper than the purchase price). Are those who buy bitcoin at ATH fools? This is impossible to determine right now. If, under the pressure of emotions, panic, fear, these people sell bitcoin during a subsequent correction (which can't be avoided) or during a bear market during the subsequent btc-cycle, then such investors can't be called anything other than fools.

I agree that buying at current ATH is far from being under the best conditions, but by the next ATH even these numbers will seem ridiculous and very profitable. So, by being patient, they (current BTC-investors) can avoid the fate of being called fools.

There is a proverb: "chickens are counted in autumn".

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Quote from: owenle on March 04, 2024, 09:39:58 AM

Are investors investing in Bitcoin at ATH now are fools ? Is there chance of major correction from here as prices have already peaked now.

Is this first time btc going to break ATH? If you post same post when btc was breaking ATH of 100$ then this thinking made any sense. ATH doesn't mean that it is last peak price. This time btc is much more stronger than previous, it is not fake pump, The organization and big whales are accumulating btc for long term because they know the value and demand after btc halving.

I don't think that person starting holding btc from today will be called fool but if I will say that he must buy only 50% or less to buy at current rate First I believe that the price will cross 80k this time but if btc dumped for some corrections then he should used other 30% to buy at low rate.

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Quote from: owenle on March 04, 2024, 09:39:58 AM

Are investors investing in Bitcoin at ATH now are fools ? Is there chance of major correction from here as prices have already peaked now.

they are not stupid for investing now because they already have their own calculations where they will be able to get a profit not in 1-2 years of investment, but longer than that. so if you say that they are stupid, remember that they are not traders, but investors who already have their own calculations regarding various conditions that may occur in the near or long term. and they are ready to face that.

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Not foolish but has high risk appetite. The thing that controls the market price movement is the demand from its community of users or investors. Meaning, no one is certain whether it will be a continue or upward price movement or there will be a sudden crash in its value. The only thing which makes it "risky" at this moment is its price reaching and breaking its previous all time high market price. There's this assumption that the price could fall anytime but everything's subjective. What if it continue to increase? Would it still be foolish? Those who invested at this point are simply ones who embraced the risk. As long as they manage the risk by setting a stop loss, then things would be fine even if a sudden unwanted thing happen. Of course purchasing at a lower market price would be better but given the lack of assurance, there would be a FOMO assumption as well. There's no best price point to enter, only good or bad. It will be considered bad if price movement will go the opposite of majority's expectations.

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Quote from: owenle on March 04, 2024, 09:39:58 AM

Are investors investing in Bitcoin at ATH now are fools ?

Looking at the present, people that don't really like these people will say that they're fools. But if they're projecting long term and they know what they're doing and they've got a strong hands to hold on, they are not fools.

Quote from: owenle on March 04, 2024, 09:39:58 AM

Is there chance of major correction from here as prices have already peaked now.

It seems that it has peaked but I don't think that this is the maximum that we'll ever get from this cycle. I do believe that there will be some correction but it won't be as major as it may seem to be because we're already in the bull run.

The peak hasn't been seen yet but we're close to the last ATH of 2021 and after that, this is where the part goes of how high it can go as the peak for this cycle.

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Quote from: owenle on March 04, 2024, 09:39:58 AM

Are investors investing in Bitcoin at ATH now are fools ?

The answer is YES and NO.

YES - those who have been investing in Bitcoin for years and know what is happening, but still have some doubts all the time, and instead of taking advantage of the long bear market, they start investing only now.

NO - The one who is a beginner is in a situation where he can invest now, regardless of the price, or wait for the next correction and bear market, which may only occur in about 2 years. Besides, maybe people wouldn't feel like fools if they understood that Bitcoin is much more than a get-rich-quick scheme.

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Investors purchasing Bitcoin at All Time High back in 2012 were fools too. People tend to forget how easy it is to call some body out when things go bad and also tend to forget when they are wrong.

It is very rare that we get a glimpse of how things turn in the future. Even then, they are still not certain. Some Shit Coins have been called out many times before and truly turned out to be scams. Some of us were 99 percent sure things will take a down turn for these Shit Coins some day and they did. But there was a chance we were wrong too of course.

Investors are not fools unless they are fooled into believing something that is not real or true. Shit Coin investors are mostly fools or naive. Time will tell whether investors of Bitcoin will continue to earn a profit. Past tells us they will. Future is uncertain.

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Quote from: owenle on March 04, 2024, 09:39:58 AM

Are investors investing in Bitcoin at ATH now are fools ?

They aren't fools, bitcoin is a profitable investment and we are just close to the previous all-time high, we need more little steps to the $69,000 all time high and from there hence it can be more profitable as expected, but for now, we are still on $66,000 and investing from this market value is not acting being insane, instead, an advantage in seeking out for opportunity on an investment made on bitcoin.

Quote from: owenle on March 04, 2024, 09:39:58 AM

Is there chance of major correction from here as prices have already peaked now.

We can't predict bitcoin movement accurate, just as we least expected that it might have been this far, we should always expect the impossible and prepare ahead down for the worse.

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Do you think people who bought Bitcoin at $19K on 2017 are fools? you know the answer.

How you can be sure if the current Bitcoin price is already at the peak? in 2020 Bitcoin able to reach $19K again and it's keep rising to $63K before it downs.

So it's not really surprising if Bitcoin can reach the previous ATH in this year and we could see down turns for few months, until Bitcoin made it's new ATH in the next year.

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No, they are not fool. And the ATH you are talking about will be far behind once you understand the Bitcoin 4 Year Cycle and expected Bitcoin ATH for the next peak of the cycle i.e. Nov/Dec 2025.
You could try searching for else just go and look at my charts and you will realize the next ATH that Bitcoin can reach is way more and fruitful even though if you invest at the current prices.
No one should be called a fool for investing in Bitcoin, it only works for Gold investors.

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Quote from: owenle on March 04, 2024, 09:39:58 AM

Are investors investing in Bitcoin at ATH now are fools ? Is there chance of major correction from here as prices have already peaked now.

The only people I would call foolish are those who are waiting for a price drop before investing in Bitcoin. We might not have reached the highest price yet, and the next halving is coming in April. There are many reasons why the market is moving like this, and it's just the beginning.

If things keep going like this, Bitcoin might reach $100k this year, setting a new record. So, if you're thinking about investing in Bitcoin, it's not too late. There might be a dip before the halving, but this isn't the last ath. So You can keep buying and investing for now.

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