My magic 8 Ball says "NO"
Consulting the dartboard after breakfast
Topic: Are investors investing in Bitcoin at ATH now are fools ? - page 15. (Read 2586 times)
Are investors investing in Bitcoin at ATH now are fools ? Is there chance of major correction from here as prices have already peaked now.
This is not the ATH for the current cycle. All long term crypto holders and traders know that there’s always a new ATH for every crypto cycle that usually x2 of the previous ATH. I think those investors that buying at the current price is thinking a larger price target for new ATH since it’s proven many times since Bitcoin start trading more than a decade ago.
Buying Bitcoin at any price is never a dumb choice since its price keeps growing or recovering whenever it’s dump. It’s either you will left behind when price pump hard more or you will just end up holding Bitcoin if the price correct and hold it until it recovers.
Are investors investing in Bitcoin at ATH now are fools ? Is there chance of major correction from here as prices have already peaked now.
I don’t think they are. In fact, people who chose to invest in bitcoin over altcoins are smart enough. However, investing during ATH is not the perfect entry to the market but it should be price at its bearish. But we can’t control how people deal with bitcoin price. One thing is certain, as long as they invest in bitcoin for long term, then there’s no issues with that. They’ll eventually sell only when the price is higher from the price they bought bitcoin first.Now when it comes to market correction, it’s always inevitable in the first place. But we can’t tell certainly as to when its major correction will appear in the market. We just have to be prepared for it and embrace more patience by not selling our bitcoin at a lower price. The price will eventually recover so we just have to hold our coins tighter without resorting into panicking every time the price drops lower.
Are investors investing in Bitcoin at ATH now are fools ? Is there chance of major correction from here as prices have already peaked now.
As long as you are not investing because of FOMO or for short term profit. If you intend to have a long term bitcoin investment for 4-6yrs and above, then the price that you are buying shouldn't be a problem. This is why we have the DCA method of accumulating bitcoin, which gives us the advantage to buy bitcoin irrespective of the price.Buying regularly using DCA helps you to balance the average price of bitcoin in your bitcoin investment, because if you are consistent, and persistent in it, after buying at the bull run, you will still buy during the bottom line of the next bear market, and so on. By next circle bull run, you will have some profits. Don't allow the price of bitcoin to discourage you and keep on waiting, because that is the worst of it.
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.
Are investors investing in Bitcoin at ATH now are fools ? Is there chance of major correction from here as prices have already peaked now.
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