Topic: Are investors investing in Bitcoin at ATH now are fools ? (Read 2712 times)

That's the right step, because buying Bitcoin doesn't have to be 1 BTC. You can start with the small ones first. How much depends on your income. The greater your income, the more you can set aside to buy Bitcoin.

It's even better if you set aside most of your money for investment. for example, for living expenses, lifestyle, emergency funds, etc. it can only be 30-40% of your income. while you can invest the rest in bitcoin. If you can reduce your lifestyle, you will definitely see good portfolio growth in the future.

If you put it in several wallets, it actually depends on each person. but in my opinion, it would be better to just have 1 wallet. but by having a record of some kind of spreadsheet or something. So it is clearly recorded, for example, how many bitcoins are to be traded in a 1 year period as you said, and how many bitcoins are for the long term.

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I have also compared a person's bitcoin ownership compared to the total supply of bitcoin with the total population of the world.
the answer is that it is very good to store bitcoin assets for the long term. Moreover, looking at current BTC adoption, it can be said that it is still very small compared to the world population. Actually you only need to have 0.0025XX BTC ^[1], but because it's still so early, it's easy to have more than that. therefore take this opportunity to build wealth in the future as you said.
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[1] the total supply of bitcoin compared to the world population in 2024

It's not so big that I accumulate only a small portion, if possible I install it and collect in several wallets.

That means I collect it now and sell it in the coming year. So I don't mean that I collect continuously but collect for a year and wait a few years later.

I agree with that view @leonair. Holding BTC for the long term could be a good decision, especially due to its finite nature and the potential for future growth in value with the continuous increase in global adoption, perhaps it could also be one way to build long-term wealth and will come in handy at that time.

Depends how you see it though, if you see them as short-term investors then they could somewhat be called a fool but if they're investing for the long-term, it's unlikely that it's the case for this one because as we all know, bitcoin's trajectory is always up even if there's a lot of dumps in the price overtime. But I don't think that it's never a foolish move to be investing in bitcoin no matter what time you've invested into or what price you've decided to buy because at the end of the day, investing is a smart thing to do.

The guy never mentioned DCA and I do not think he is referring to that at all in all of his explanations to have warranted. This is just a random investment explanation that has nothing to do with trading as well because traders can buy and sell the market at any time and make their money. This is unlike investors that will be very careful to avoid striking the market at a low price which could become an issue later in the future. Now, about the buying of Bitcoin at any how price, it could cost the investor if care is not taken. The best is to strike the market when it is low and dump it if possible when it is too high. But first, you should know the reason why you are making such decisions and not just deciding anyhow.

For me, my chart is always my guide to know when to buy and sell, but certainly, those who are buying Bitcoin at the ATH may not necessarily be called foolish but are not smart in the investment. They are ill-informed, and that reminds me, in the last bull run, many people who bought Bitcoin close to $69,000 and lost so much started tagging cryptocurrency as bad, just because they were poorly advised by bad investors who were just lucky to gain from Bitcoin but did not know how the market works. We should be smart investors, and at the current price of Bitcoin, if I were anyone, I would never buy it to HODL but trade it which has nothing to do with whether or not is high or low.

Any trader can still gain in such a situation because the market is highly unpredictable, it could move more. But for the investment part, the reward can't really justify the risk anymore when buying at the ATH.

Better invest while we are still on upcoming halving period or just little wait a bit more for the price have some market correction before you would really be entering into the market and secure your position. Those people who are investing into those peaks arent fools because you cant really just that make yourself that be able to avoid on having some sort of emotional boost up whenever the market do break that long time all time high. You would really be assumpting that the price might be already that having the break out and with that assumption then it ends up that you have fall yourself into FOMO. Well, when it come to selling then it would really be still your own decisions.

Whether you would really be holding up your position and held for a couple of years or you would be cutting lose but its common sense on which one is sensible or would be worth. This is why it would really be that important that you should really invest into an amount which isnt something that you do need compulsory. In case you do find yourself that getting stuck on the peak purchase then you could easily just that simply forget and move on.
Sooner or later you would really be able to see such breakouts.

So this would really be just that on the same question into those people who had bought @19k price on that previous cycle on which we know that the price had dropped to 3k on that particular cycle.
Of course to those people who had bought into the peak would really be having those considerations that they have bought at the peak and pretty much sure that there are those people who have already cut their loses because they arent that sure that the price would really be having that recovery and having also those impressions that the price might be going back to $200-$1000 or something like that.
This is why they had made out those tough decision on cutting losses, and on the time comes that the price had recovered or slowly increasing then for sure they are really that banging up their heads into the wall.

Same goes that would happen to those people who would really be tending to cut loss just because they had bought on 69k. We had already broken that ATH although it might not that too far
off but there's always that significant sign that we are gradually breaking new higher highs which is really that a good thing to look at.

if we look at the total supply of bitcoin which is only 21,000,000 compared to the world population in 2024 of 8,118,835,999 people^[1]. So if it was owned by everyone in the world, each person could only own 0.00258XXX bitcoin.

that's why bitcoin is very promising for the future, because now it is still very easy to get small amounts of bitcoin. some even have more than 174,530^[2] very easily. forget about the current ATH, because new ATHs will continue to form in the future.

So before Bitcoin is owned by people all over the world, just keep accumulating Bitcoin ownership, at least 1BTC so you can be better than the rest of the population in the future.

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[1] World Population History
[2] The World’s Largest Corporate Holders of Bitcoin

ATH can be a temporary highest price or permanent high price. For the coins which still have good progress on its price growth, they can have a new ATH someday. But for the coins that are likely stuck, it can be a permanent ATH because the chance for a new ATH to be very small. If you checked some coins on the CMC or CoinGecko, there are few coins that didn't reach new ATHs in the previous bullrun season (2021). However, if it is Bitcoin, I'm very sure that the current ATH is a temporary highest price. In the next halving time, the price of Bitcoin has a big chance to increase drastically. At that time, it is very possible to have a new ATH in BItcoin.

First they are not fools because everyone has their own time to do what they like to do, if they can't buy now they can buy tomorrow. Besides not everyone knows the difference between Bitcoin and altcoins/shitcoins and they can't differenciat between Bitcoin and real estate investments if they don't know the meaning of crypto currency. Again, this is just a new ATH there is more to it, so anybody that's buying now should also put in mind that there are more ATH to come. It's only few people that won buy Bitcoin at this current rate because they think that this is all or it's too high for them to buy know. The stage Bitcoin is today, if you don't buy it will continue to increase so the easier you buy the more gains you get.

I think today many investors think intelligently about Bitcoin, whatever the price when they buy Bitcoin, because they trust it and already know it after doing research and assessing its footprint. That Bitcoin has the potential to benefit them greatly as a good investment in the long term due to its limited supply, and its decentralized nature, as well as its ever-increasing mainstream acceptance.
And they don't want to miss or lose a second chance to get good things about Bitcoin and they will do it when they have the money and keep it for the long term whatever the price. Because they believe that Bitcoin in the long term will still provide good profits for them even though declines always occur.
And stupidity only lies in those who delay buying Bitcoin, and will regret it when the price has gone up.

It should be underlined, no one knew that the rising Bitcoin price this year would be an ATH and that Bitcoin would fall soon after. Investors are investing in Bitcoin today because they believe it can offer significant returns and as a hedge against economic instability. They have predicted Bitcoin has a bright future, taking advantage of the current market moment can provide big profits in the future even if investing a small amount.

Investors believe Bitcoin is a safe store of value compared to fiat currencies such as the dollar, they try to anticipate the future when the dollar starts to weaken. Bitcoin always plays an important role in financial resilience when the economy is turbulent, Investors' trust in Bitcoin will enable them to achieve multiple profits in the future.
If you think investors have done something stupid by investing now, in my opinion, they don't want to make the mistake of not buying Bitcoin when they had the opportunity.

Yes ATH is not permanent it is only a high price till present time so in future bitcoin price may be many times more than that so real holders never think about ATH. The supply of Bitcoin is limited but the demand is unlimited because so far not everyone has started using Bitcoin worldwide yet the price of Bitcoin is high and when Bitcoin starts to be used by most people worldwide then the price of Bitcoin will be higher. So holding only for long term is always a good decision

The emotions that arise are due to the investors' own greed. In fact, there are still many who claim to be investors but still use trading strategies, even though they are very different.

A trader definitely still looks at market conditions, and all he thinks about is quick and momentary profits. different from investors, who are actually happy if bitcoin is experiencing a correction. they can instead get bitcoin at a cheaper price to grow their portfolio. and investors are not selling it in the near future because again considering the prospects for bitcoin are long term.

real investors will never sell their bitcoins within 3-4 years. even during that time, many continued to accumulate bitcoin holdings. only if it has been more than 4 years, they will sell only around 3-10% of the portfolio to enjoy their patience in collecting bitcoin without having to sacrifice their portfolio.


what about you now, have you started to accumulate bitcoin ownership?

In fact, it would be great if you could hold on to Bitcoin for up to a dozen years. but it still depends on the age of the owner. and it is impossible for someone who is 40-50 years old to continue accumulating bitcoin for a dozen years. If you are still young, maybe you can have a peaceful old age. but the fastest in my opinion is only 4 years, then think about what happens in the future. continue to continue or sell it little by little to enjoy a fulfilling life.

I agree with your view @leonair that big investors and realize that bitcoin has great potential, maybe they are ignorant and do not pay attention to the conditions where the new ath has occurred, because they invest long term for a dozen years maybe more, and what is clear is that bitcoin is very unique where in the past he was considered an ordinary coin and in fact now bitcoin is being hunted by investors who are aware of its potential.

No, they aren't. The best time to have invested in Bitcoin or even own it in my opinion would have been before the ATH but investing in Bitcoin now isn't a foolish idea, because the probability of Bitcoin going beyond the ATH price is very high, and investors investing now would gain over triple what the invested.

The thing is a lot of people in this period may be begin to invest cause of Fear Of Missing Out. But that's also helping the market as the more Bitcoin becomes popular and the more investors invest in it, the higher it's worth, value and it's price. It's not at all times fear leads to irrational decisions, sometimes it pushes us to change ourselves and our lives. So, in conclusion, the people investing now, out of fear and out of knowledge aren't fools but are people actually helping the market.

I don't see the reason why most persons care more about Bitcoin current market condition and careless about building there portfolio. Bitcoin keep appreciating regardless, past histories and present data show the promising future of bitcoin, so it doesn't matter whether bitcoin drops or pumps what matter is your investment portfolio, accumulating enough out of bitcoin.

We must know in any financial market there is three phase either uptrend, downtrend or consolidation. These phases also have sub structures inside of it, we know bitcoin is in uptrend,  so why the panic.

My only advice is that the high expectation on bitcoin should be curtail so as keep your emotions, greed and risk tolerance in check, I guess this is where the problem comes from, that why only a pullback or drop some begin to sell off rather than accumulating more.
Looking from different perspective  probably they might have made profits off there holding, still doesn't satisfy the need for investing in Bitcoin with a short term view.

As someone who can be said to be more advanced regarding Bitcoin compared to those who are just starting out, this strategy must be very familiar here and always guides everyone.

So just keep accumulating bitcoin holdings regardless of current market conditions, whether they are bullish or bearish. keep buying and holding for the next 4 years. Surely you will feel how great investing in Bitcoin is. It can even beat the investments in the stock market that people out there have made. and never act stupidly and panic when the price of bitcoin drops and then sell it. in fact it is a better time to buy bitcoin at a discount.

Hey peter0425.  I thought that you had told me that you learned your lesson in regards to your past pissing around with trying to scalp prior to reaching some decent BTC accumulation amounts?

In other words, those scalping ideas tend to be a slippery slope and might not be a good idea until you get to a state of overaccumulation of BTC... and yeah at the same time, every guy has to make his own choices in regards to either whether to continue to accumulate or to start to piss around with scalping prior to such a time of reaching overaccumulation of BTC.


You are inaccurate if you are proclaiming that BTC prices are going up merely because fiat value is debasing (and/or inflation of prices).  Sure, there is some of that going on, but the debasement of fiat is not the ONLY factor that explains BTC price appreciation.. .. so hopefully you are not allowing such simplified (yet not completely false) talking points dissuade you from making sure that you sufficiently/adequately allocate to bitcoin to the best of your abilities.

And by the way, there are a lot of reasons why BTC prices are going up faster than the debasement of the dollar(fiat), including but not limited to sound money ideas, but also in terms of exponential s-curve adoption kinds of ideas that also tie into the seven network effects as outlined by Trace Mayer.

Still the price of Bitcoin is quite high so if we can buy Bitcoin at this price it may be right for us to hold it for a long time until the bullish season starts. We may not be foolish to buy Bitcoin at this price, but those who see Bitcoin fall and then sell it at a lower price would be foolish. Those of us who invest in Bitcoin should invest with a specific goal as everyone should have an investment goal. Whenever we invest in bitcoins with our target and accumulate bitcoins from there even if the price of bitcoins goes down, we will be able to hold it no matter what our objective is to reach the target. We can buy bitcoin anytime we want but whenever we buy bitcoin we have to hold it for a certain time limit.

No sir, what I mean is the halving in the next 4 years, not the halving which is now only a few days away.
In fact, I've calculated that if I could only buy Bitcoin monthly, I could collect around $4,700 over the next 4 years if I could really get $100 every month regularly.