Are investors investing in Bitcoin at ATH now are fools ? - page 13.

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Quote from: arhipova on March 04, 2024, 08:45:41 AM

Quote from: owenle on March 04, 2024, 08:39:58 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.

How do you know that current ATH is the peak for the year. There are good chances that BTC can close to double or triple of current price by the end of the year. I assure you that if you do not buy BTC and it performs well for remaining part of the year as well, then you will surely look like a fool.

That's just one thing with bitcoin investment. Now seems like ATH and a no go area, but when bitcoin hits 100 or 150k, there will be much regret of not entering the market at the range of 60k. The current bitcoin price is about 60k, and the ATH is about 69k. This means that it is possible for bitcoin to double it's previous ATH and when this happens, you that didn't buy at 63k will now become the fool.

It is advisable to always watch the ATH when investing so that it will be a good guide on your investment decisions.

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Quote from: The Cryptovator on March 04, 2024, 05:04:49 PM

Bitcoin investors won't fool me anyway until they hold. Let's say someone bought the last ATH; currently, Bitcoin is almost passing the previous ATH and is going to make a new record. So those who have held on to their investments can still profit. So how should we consider them fools? If they sold at a loss, then it is reasonable to call them a fool. We don't know where the new ATH will be hit and start dumping, so DCA would be a better option for us.

Bitcoin investors won’t end up being fool even if they start investing at an ATH price. As long as they won’t sell immediately but will execute more patience and hold the coins like couple of years until a new ATH will hit the market, then they wouldn’t be at loss. And no one will probably know when a new ATH will enter the market so buying at the current price is still a good buy. Although it’s highly risky but we all know it would still be worth doing as long as we know exactly what we are doing. Just buy and hold, and sell when you think every coin is worth selling.

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Bitcoin investors won't fool me anyway until they hold. Let's say someone bought the last ATH; currently, Bitcoin is almost passing the previous ATH and is going to make a new record. So those who have held on to their investments can still profit. So how should we consider them fools? If they sold at a loss, then it is reasonable to call them a fool. We don't know where the new ATH will be hit and start dumping, so DCA would be a better option for us.

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Right now that the price of bitcoin is close to ATH, I think buying now is a great risk or has a greater risk because yes, maybe there will be a correction or dip after bitcoin reaches its ATH or sets another ATH, but I'm sure holders of bitcoin will not sell right away after it passes to its own ATH. There is a speculation that bitcoin might reach $100k, but that's a speculation only if those holders will not sell midway to $100k. But yeah, to the topic: if you are planning to buy bitcoin right now, then make sure you are prepared for the risk of it.

But let's believe that with bitcoin and its holders, I'm sure they are also aiming for the highest bitcoin price they can reach, so maybe this year the bitcoin price will set a new record that will be headline news all over the world, so bitcoin might be popular after these events.

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Yes I think many are buying the ATH break. The sentiment is so bullish that we are getting predictions for $100K around the halving and some others are predicting $200K to $1M.

Also we never had a double top, we had a cup and handle in this area but we always broke it. So many are thinking it’s a safe buy here at $67K while selling for $100K at least.

At least that is what the majority are thinking.

Mate2237

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Op you have to know that there are two types of investors in the cryptocurrency market. Short term investors and long term investors. Short term investors are not making profit as the long term investors. And it is not too late for the two parties. In business even you gain 5% from the investment is something so now that bitcoin is still $66k $67k those short term investors can still make profit before the market will have redline for the bear market after the All Time High. So it is not a fool for them to invest now.

And for the long term investors there is no limit for them to invest. Because their aim is to buy against the next all time high and not this one that is very close. Like the once they bought in the previous All Time High, they will sell those once in this all time high. And prepare for the next one again so they never lose in any day.

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If they are investing for long term then they aren’t fools, but vice verse doesn’t mean they are fools either, because it is possible that they can make some money in such short time. With the way Bitcoin is going we can now say that it will break the ATH soon, it’s still at $67k so that’s still $3k left. That’s about 4-5% but it’s something, even if they are late. But we should already know that there will always be those set of investors who rush in when it’s all pumping and leave when it’s going down, always.

Franctoshi

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If we follow the patterns of the Previous Bitcoin Bull market cycles, well, those investors entering the market right now are not fools, but I would rather classify them as FOMO investors, reasons why they are not fools being that from records I know, after that Bitcoin succeeded in smashing its previous ATH, it usually followed by a run to the upside, sometimes even do 2x in price from its previous ATH, and those investors will still be on the profit side despite them buying late because the best time to build a portfolio is during the bear market while you will be taking profits when the real bull market has kick-started just as we are about to hit the ground running with Bitcoin now.

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Quote from: owenle on March 04, 2024, 08:39:58 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.

It could be a fool, if it's like this:
This person is FOMO about the current Bitcoin price which has increased very drastically. Then, the price experiences a slight correction and finally the person panics. and sell all the BTC at a low price. That's just a stupid decision.

However, as long as he buys at whatever price and is still holding on to achieving a certain target number, not in a hurry, not panicking, then it cannot be said to be a fool. Because everyone has their own time and moment to invest.

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I wouldn't call them that simply because bitcoin according to many investors, especially well known being Michael Saylor, bitcoin is going to appreciate in value forever because fiat money will depreciate forever.
This means that every ATH is only temporary and in some time you will see another ATH and then another.

Also, how do you know that the ATH of the last cycle is also this cycle's ATH? This has never happened before and I don't think that it ever will. We will probably have smaller growth cycles as time goes by, but they will still be here as long as halvings are here.

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Quote from: owenle on March 04, 2024, 08:39:58 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.

Buying Bitcoin at ATH is a mistake but it was different from buying during bull season which is believed that it was still a profitable decision.
Of course, corrections are inevitable which I think was in your mind and it was possible but have to consider that Bitcoin is been proven to recover from when dumps occur. If we just hold and wait for that moment, we never lose any amount but earn a profit.

But of course, I don't suggest people start accumulating Bitcoin at this time but rather make it during the bear season for a bigger profit.
Perhaps, we should be practical knowing that we can multiply more on our investment when buying cheap compared when buying at the current price.

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Quote from: owenle on March 04, 2024, 08:39:58 AM

Are investors investing in Bitcoin at ATH now are fools ?

Not stupid. Investors who invest in Bitcoin when prices are high cannot be considered stupid. The current price cannot be said to have reached the ATH but it is close to the previous ATH price.
Because it has not yet reached the new ATH, investors who start investing in Bitcoin when the Bitcoin price is close to the previous ATH price cannot be said to be stupid but they want profits in the short time before the price reaches a new high which is estimated to reach $100K or more.

Quote from: owenle on March 04, 2024, 08:39:58 AM

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

Regarding "possibilities", there are two and both could happen. Its nature is uncertain.
I said there could be another correction and it might also break this forecast where the price continues to increase and will only stop at a price above $70K before the halving.

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Quote from: owenle on March 04, 2024, 08:39:58 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.

You're talking about the 2021 high. The bull run always starts around the old ATH. So anyone buying now will probably make double their money or more in the next 12+ months.

Yeah sure there could definitely be a correction soon. I'd be pretty surprised if the price doesn't go back down to at least $55k this month. But if it does, it'll probably be back up to mid-to-high $60,000s before the end of April as the price recovers from the correction.

The only thing that could throw a wrench in an expected correction back down to low-to-mid $50,000s is if ETFs keep buying hundreds of millions of dollars of Bitcoin five days a week. Sure a correction is going to have wayyyy more daily net selling volume on exchanges than whatever the ETFs can muster in daily net buying, but if the ETFs keep buying huge amounts during a correction that would definitely blunt the correction and maybe we'd only see a drop to say $60k instead of $50k or $55k.

So no, people buying now are not in anyway fools, they are getting in just as the market is starting to blast off. Sure they might spend a couple or even a few weeks in temporary losses if a correction hits soon, but they will soon be very far in the green.

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No they're not fools, they just take more risk than people who were smart enough to buy for example when the ETF news came out at 40k.
Would you call a person who bought at the last ATH of the previous bull market ($20k) a fool? Bitcoin made 3x in a year from there and even if we won't make 3x from now (which is more probable) there's still a decent chance for 130k this cycle. Even if bitcoin broke records to the downside and made it only to 130k, doubling the last ATH, you'd get a 2x profit from your investment. Show me any other asset that can give you 2x in a year. You won't because there are no such assets, unless you get lucky with startups.

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Quote from: owenle on March 04, 2024, 08:39:58 AM

Are investors investing in Bitcoin at ATH now are fools ?

Of course not, as long as they know that bitcoin goes through a cycle every four years that can exceed its current price. Now it is not yet at its highest ATH because in a few days we have been at quite a significant price. People who invest are stupid because they don't know the potential and they are more likely to be caused by FOMO and not having the right knowledge.

Quote from: owenle on March 04, 2024, 08:39:58 AM

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

Why can you be so sure that now the price is at its peak and on Bitcoin's journey there will definitely be conditions for correction or recovery. There are no get-rich-quick schemes and people cannot be influenced by such circumstances in investing.

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Quote from: owenle on March 04, 2024, 08:39:58 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.

Bitcoin have not reach the all time high but very close. Now may seems a bad time to invest in Bitcoin for some people but if we look at it properly, now is not a bad time to invest in Bitcoin. The reason is simple, halving is coming in few weeks time and price is already pumping. This means that after the halving, what we are seeing as bull run may be small compare to the actual bull run. This is possible because there are a lot of players now with huge capital that is gradually being invested into Bitcoin. Therefore, anyone buying now is doing the right thing.

As for the correction, we should expect some correction probably after the halving and price have achieved a new all time high. The target of many people for the new all time high is $100,000. If it happens that way, after this bull market there may be some corrections but I don't know if it will be deep or shallow correction.

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Quote from: owenle on March 04, 2024, 08:39:58 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.

In this case I will say that not all investor who investing in Bitcoin all time high price are not fools. Because short term trader are also kind of investor they will to chance of this situation. I want to say something now cryptocurrency market there will be many FOMO and those who are influenced by this FOMO you can take them all as fools but those who will use this FOMO for their short-term trading we can say them fools because this is on of the technical time to investing on short-term.

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Quote from: owenle on March 04, 2024, 08:39:58 AM

Are investors investing in Bitcoin at ATH now are fools ?

Between investing now and not investing, I will say the people who are investing now even though they are late are wiser than those not investing. The people investing now can still make some profit from their investment if they invest well even though they are late. People who never invest will never benefit hence are the fools to me. Do you agree that an investor who invest hugely now may even benefit more from bitcoins than and investor who has not been consistent with DCA or hodling what they have invested until this time?

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Quote from: owenle on March 04, 2024, 08:39:58 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, 08:39:58 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, 08:39:58 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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