Topic: Are investors investing in Bitcoin at ATH now are fools ? - page 8. (Read 2586 times)

Investors will never take the risk of investing in crypto when risk is high such as legality is in question, or if security of coins has to be undertaken by them which was a big ask...but with spot ETF's these remove the risk of losing Bitcoin if a hack was to happen and for price to soar and break the ATH, institutional investors we a must have in the picture and they are very much in it at the right time as potential of price to go up is still high.

And that's what beginners feel because they don't have experience or understanding about Bitcoin and Bitcoin movements, and I understand it because a situation like that will make them confused and doubtful so that in the end they keep buying without caring about the price.
However, because there was a lot of positive news and maybe they tried to do a short research and there was still a lot of good news regarding the future price of Bitcoin, they finally decided to buy it. Because they already believe that Bitcoin will rise once or several times again which will give them profits.
And in contrast to those who have been involved with Bitcoin for a long time and also have experience and knowledge about Bitcoin, they will still buy if they have a lot of money. Because knowing that Bitcoin price will exceed the previous ATH, and I think that will become a reality.

Looking like a fool, and actually being a fool seem to be two different things. 

Another thing you mention is accumulating bitcoin for a few years so they can cash into profits, and sure I suppose that could be considered as investing, yet for bitcoin I have a hard time considering anyone who would be buying into bitcoin for periods that are less than a full cycle (which is 4 years) to be an investor rather than a short term trader.. which is not the same as investing, at least from my perspective.


Fuck crypto.  Who cares about shitcoins?  This thread is about bitcoin. .so if you are into shitcoins, I would agree you are probably a fool, especially if you had not figured out bitcoin first and maybe limiting your exposure to shitcoins to less than 10% of your bitcoin stash.


Having a stop loss also sounds like a trading mentality rather than an investing mentality.   An investor might have a plan to buy more BTC if the price drops below his initial investment point rather than selling, and a lot of time the idea of investing also comes with the concept of commitment, which is where the expression of not investing more than you can lose.. so there may well be a commitment that comes with investment to ride the investment down to zero, unless there might be some strong evidence that broke the investment thesis, beyond merely the price going down.. 


If someone gets overly emotional, they probably had invested more than they can afford to lose and/or they did not have a plan for down, which should have had been either to hold through it or to buy more.


How do you know that the BTC price is going to go down?


How do you know that the price is going to go up?


That's no answer to anything... you are largely just saying "it's your money, do what you like" 

Well, some of those who are buying right now are those who are new to it, so they never really had an opportunity to buy lower and I don't think they would wait for the next bear market to make their purchases so they don't really have a choice. However, some are those who didn't buy when Bitcoin was lower because they thought it will go even lower than that, and they are buying now because they have got the impression that it isn't going to $10k anymore.
You can blame the second category of buyers who are buying right now because they had the opportunity to do that earlier but they didn't because of their ignorance or maybe because of lack of experience and knowledge.

maybe.. but not because bitcoin will not increase in price but because they could have maximized their profits by waiting and buying bitcoin when the price is going down bitcoin will still increase in price for the next following months and its “peak” would be nothing compared to bitcoin’s price right after halving

it’s their money in the end so if they feel they can do and invest their money no matter how high the price is then good for them

I think it's both.
People who are investing now because of FOMO rather than accumulating Bitcoins/Satoshis for a few years to cash in profits, then yes they might look like fools. Who knows if more ETFs came and made them lucky they should have invested when we had a bearish market for crypto.

No because they may be day trading and have a good stop loss in case bitcoin goes south (which is unlikely to happen but we never know for sure what gonna happen in future, it's only predictable)

I also want to add people who don't day trade but get too much emotional about the price of bitcoin then it's not for them because they won't be able to live a stable life thinking about prices all day long.

Sure, we are at an ATH, but there is no evidence beyond almost pure baseless conjecture that we are at either a local top or another ATH.  In other words, if you either are a low coiner or a no coiner, you better get your off your ass and buy some bitcoin - otherwise you are not prepared for up, and it is not going to do you any good to prepare for down if down does not end up happening.  If down does end up happening, and you bought at current prices ($68k-ish), then hopefully either you have some dry powder to buy some more or you just HODL through the period in which the BTC price is lower than your purchase price.

Hopefully anyone getting into BTC for investment purposes has a timeline of 4-10 years or longer, and if they happen to be a newbie to bitcoin and just learning about bitcoin, it is way better to get started rather than waiting around, especially you likely don't know too much about bitcoin if you happen to be a newbie, and getting involved through buying and establishing a stake in it, is going to help to inform you in a more active way rather than sitting on the sidelines and waiting for something (such as a price drop) that may or may not end up happening.

If they buy now and lost confidence after correction then decided to sell it is stupid move and those you can consider as fools but there are people who enters now and wait for the price to go higher it can take months or years and definitely they still can make money in the next cycle.

That is what usually happens to people who don't understand bitcoin but also finance in general: in the long run there is a very high possibility that bitcoin's price will keep going up. I'm not sure I would buy today at $68-69k, maybe I would wait for a little dip, anyway even if you buy at the very top of the cycle at that point you need to be patience and wait for the next ATH, and then you're in profit. Of course it would mean waiting for months or even years, but you only lose when you actually sell.

Buy high and sell low. This often happens to people who buy Bitcoin during peak and dispose of their BTC when seeing the marker decline.
But for me, it was not a foolish action they have made but just a big mistake for someone who doesn't know what it is all about.
FOMO - is also a factor making people decide to buy at the current price believing it grow more. Unfortunately, the market never goes smoothly and continuously grows, there are times that dumps happen after the pump.

It has been said that there is no perfect time to buy but at least, buying Bitcoin during corrections is more profitable than buying during bull season.

That sounds more like a trading strategy rather than an investment strategy.

Unless you are talking about investing in bitcoin and then just leaving your investment sit for a period of time, such as a year or two or maybe a cycle or 6 years. 

It is not easy to leave an investment alone, except I know some guys who left when they had invested in BTC, and they started to see the BTC price correcting, and so they left with the purpose of not thinking about their investment for a few years while the market corrected and potentially returned to an ATH 1, 2 or 3 years down the road.

Are you implying that we might b correcting from here?  I have my doubts about any kind of imminent and/or meaningful correction, even though I realize that anything can happen, especially with some short-term surprises that end up having lingering effects - and those kinds of things could end up happening in either price direction.

This bull run is going to be very massive and we should be very prepared to ape in and accumulate. If anyone is buying Bitcoin at this stage, it's still a good idea because the Bitcoin halving is still loading and that would make the price of Bitcoin skyrocket for users to make more money. We need to have an investment strategy and know when we are leaving the market and coming back again without much thought. If Bitcoin could reach all time high at this stage when the price of Bitcoin and the halving has not occurred, we could be lucky to earn more from Bitcoin with time.

As a general proposition, that would be dumb to invest in shitcoins instead of bitcoin (or even accompanying a bitcoin investment), probably especially for a newbie.

Do they have faith in bitcoin or are they Fomo because the news is spreading about bitcoin on the internet? I'm not saying they are stupid to buy bitcoin at high prices but before buying they need to have clear knowledge and vision about bitcoin. They should not buy bitcoin with a Fomo mentality and know nothing about it because there is no guarantee that bitcoin will continue to go higher in the future, it is all just a prediction and everything is risky. We should always have a backup plan and not be too subjective, especially with volatile assets like bitcoin.

Buying Bitcoin in conditions like now is still the best option if the goal is to hold it for the long term rather than sitting around doing nothing. Because we can see that there are many people who are starting to regret it now because they are still afraid of buying Bitcoin in the past. So people who already believe in Bitcoin don't need to be afraid to continue buying at this time if they still have the ability to use the money and put it into Bitcoin as a better investment option for ourselves.

Investors with small capital should not be confused with investors who have large capital because the stages of buying Bitcoin for long-term purposes are slightly different in the methods they will use. But personally, I will continue to use a method that doesn't make it difficult for me when I want to buy whatever I want because this can at least help me accumulate the capital I have even though what I want to buy is the best asset like Bitcoin.

They are not stupid and they also know the big Bitcoin bubble that just happened is not over yet. Their belief in Bitcoin is so strong that they dare to invest even though prices are soaring. Who knows, now Bitcoin has reached ATH or peaked this year. The price of Bitcoin is very difficult to predict, making them confident that the price will continue to soar high. Even though there is a slight correction, it is a market cycle that cannot be avoided.

For bitcoin to continue to increase in price, the demand for it must increase even more and new investors are that catalyst. So, frankly speaking, it is difficult to say whether they are idiots or not, but without them, the market would hardly develop and bitcoin would not increase in price. Therefore, deciding when to enter the market is each person's decision, we have no right to judge whether they are right or wrong.

As an old investor, I wish more people would enter the market because then that would push the price of bitcoin higher and it would be a good time to make a profit. It sounds harsh but that's how financial markets work.

I don't think they are fools because their contributions are necessary for the crypto market to spike its price this upcoming year and there would be another batch to follow them as well because the loop will not stop until some other people dump their bitcoins and lower price and it will surely affect the market and the price will dramatically subside along with the hype. As far as the bitcoin halving season is still here, expect more people to buy bitcoins even if the price is high and expect the price to grow as well until it reaches another ATH.

yeah, this is not wrong. When bitcoin is in the spotlight like it is today, many ordinary people rush and buy bitcoin using their main money. They buy just because it's hype without knowing what and how bitcoin itself is. This happened in my environment. Quite a lot of ordinary people ask about the price of bitcoin and want to buy it.
However, for those who are ready for the risk and believe that Bitcoin price can reach a new higher ATH, I think they are taking that decision based on their own research and analysis. Because if you look at history, the price of bitcoin could rise even higher after the halving occurs.

We are in a bull run, or about to enter a bull run, bitcoin is still going up and will go even higher than where it is right now, so, to answer the question more plainly, those investing in bitcoin right now are not fools, why? Because according to predictions and available data, bitcoin may likely go as high as $150,000 and above, this is a conservative price prediction, if we are to be raw, I would join those who are saying that bitcoin will record a new all time high of $300,000, if you check the current price of bitcoin and look at where the price is going to, you will understand why those who are buying even right now are buying.

And yes to your second question, bitcoin is an asset that fluctuates in price, this means that, the price goes up and down, while the price of bitcoin reaches its previous all time high and goes into discovery of another all time high, there will be corrections from time to time, and this is because those who invested earlier will try to take profit, which will cause the price to drop, this drop is always good, as it will allow or create a chance for new investors to also enter the market and be part of the fun ride.