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Topic: Are investors investing in Bitcoin at ATH now are fools ? - page 5. (Read 2586 times)

sr. member
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Are investors investing in Bitcoin at ATH now are fools ?  Is there chance of major correction from here as prices have already peaked now.
Why would investors in ATH be fools? Bitcoin's first major ATH was $20k and after that it made another ATH at $68k.  Those who invested in ATH of that time could not profit in the next ATH?  Profit was more than 3x. After that btc is currently moving forward once again breaking its previous ATH record.  Don't you think that those who invest in Bitcoin now can profit?  But yes Bitcoin will not make anyone rich overnight.  In order to profit from Bitcoin, you need to hold Bitcoin for a long time without getting impatient.
full member
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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 has crossed its previous ATH but yet Bitcoin has not made a fixed new ATH.  So one can still invest in Bitcoin if they want because there is a big possibility of ATH of Bitcoin at $100k so following DCA method one can still invest in Bitcoin if they want. But when investing in Bitcoin, you should avoid panic and prepare yourself to invest for the long term. If someone can do this then investment in Bitcoin can be a good investment for him otherwise he will not be able to make a profit rather lose in investing in Bitcoin.
exactly, this time around those that are interested and wanna start investing in Bitcoin now should have the mindset of long-term investment,  by using DCA strategies to start their Accumulation ( but in a less aggressive way) because of the recent increase of bitcoin price, and at the same time be saving some reserve funds ( to buy the dip) whenever there's any.

One should always put there emotions in check, to avoid any form of panicky and reduce the act of always checking Market charts or their portfolio regularly, because that won't do any good it would only initiate fear and panic which may lead to  one selling their investment in losses. That why those that normally engaged in too much shitcoins should reduce such act. Because most time those shitcoins are the causes of such fear or panic. For instance a guy started in this space investing in shitcoins without any proper knowledge on how things work in this space may fall as victim in buying shitcoins that may endup dipping with his funds that may not bounce back. Leaving a scars. Thinking if they invest in Bitcoin such scenario may occur again, but nahhh Bitcoin is far more different from other coins and anytime Bitcoin undergoes a dip doesn't matters how long it may take but bitcoin would surely bounce back stronger.
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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 far as I know, we are not at the ATH that is new now because Bitcoin's previous ATH has just been broken. So it's a bit wrong when you say that we are at the peak of Bitcoin's price value right away. So it's not foolish to buy Bitcoin now.

     It's not because the price of Bitcoin is so high right now that we are discouraged from buying it because it is expensive now; actually, it will be even more expensive in the coming times, to be honest. So let's just save as long as we have time to do it.
legendary
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Are investors investing in Bitcoin at ATH now are fools ?  Is there chance of major correction from here as prices have already peaked now.

When Bitcoin was trading around $19k and later broke the previous all time high and sail to $65k, will you say those people are food and don't know what they are doing? I don't think they are fool but among them there believers of Bitcoin, they are buying at those levels that hold and also trade for short-term gains, there people that are buying because of fomo, they don't want to lose out and they are doing that because they also believe the price will reach some certain level in the future.

What I don't know is how far this run the bulls will reach but buying Bitcoin doesn't make you a loser or a fool, people that were buying when Bitcoin was around previous all time of the previous bull run, some snaet people like you thought the same thing and for the past 12 years, the price has never remain the same. If you hold, there is no way for you to lose unless you sell.
There's only two types on which those believers and non-believers and we do included those neutrals too on which they are really just that observing around.We've seen on how far Bitcoin price did able to jump
and this is why it would really be better that you shouldnt really be trying out to criticize into those people who had bought on 69k or with these new all time high prices because we do know that we are already reaching out
on halving period and what comes next is that bull run that everyone is really that anticipating. We do already have those price projections on where it could be heading up. Yes, there's no assurance to that but at least
we've been wary on where it would really be possibly be able to land and possibly be able to reach out. It is really just that there are people who are really always having those doubts.

Well, we do have our own choices and decisions in towards into our investments on which it would really be that something that normal that you would really be having those
doubts and its up to you whether you would really be risking up yourself on doing such thing or not.
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Not Your Keys, Not Your Bitcoin
Are investors investing in Bitcoin at ATH now are fools ?  Is there chance of major correction from here as prices have already peaked now.

When Bitcoin was trading around $19k and later broke the previous all time high and sail to $65k, will you say those people are food and don't know what they are doing? I don't think they are fool but among them there believers of Bitcoin, they are buying at those levels that hold and also trade for short-term gains, there people that are buying because of fomo, they don't want to lose out and they are doing that because they also believe the price will reach some certain level in the future.

What I don't know is how far this run the bulls will reach but buying Bitcoin doesn't make you a loser or a fool, people that were buying when Bitcoin was around previous all time of the previous bull run, some snaet people like you thought the same thing and for the past 12 years, the price has never remain the same. If you hold, there is no way for you to lose unless you sell.
sr. member
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Yeah I am in the same camp as yourself where I think there's a "decently good" (if not quite good) chance that the trend is going to continue upwards.  I have heard from a lot of clients lately that they are just entering the "bitcoin space", or crypto space, and they are in large part interested in bitcoin ETFs.  IRA's or brokerage accounts connected to retirement plans certainly make it easier for people to "own" bitcoin, and I think that trend will only continue on as we are just getting started.
On chain data shows that it's start to receive new capital from fresh fishes.



Quote
The chart displays bitcoin price dynamics and UTXO P/L Supply Ratio Momentum. This metric divides average weekly P/L ratio by the yearly average. In the past decade, two significant momentum spikes were observed, with a third emerging now.

Addresses with < 0.1 BTC increases a lot.
https://www.lookintobitcoin.com/charts/addresses-greater-than-0-1-btc/
hero member
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Are you sure BTC has reached the top?
It is not about this cycle's top but the top that we've seen from 2021. If someone who has bought at that rate of the peak and just held until now then he's just break even with his investment. But as for this cycle, it is for sure that Bitcoin hasn't reached the peak yet and there's more to come for us to see soon.

I think people can invest at any time, where they have seen good prospects from their research so if they invest at a price of 72k, then it can be concluded that they believe in investing their funds in bitcoin for the long term
I agree. They're not fools and they just long term investors but everyone has their own buying moment in the market for which price they're confident of buying. And that's not a thing if they've bought at the top when the buyer isn't even panicking and understands that it's a normal to see this breakdown of the market under the price they've bought btc. The intensity that we're getting from the market is for real and that's why each and everyone of us has to set our own buying limits and prices when we want to have more bitcoin. Otherwise, if you don't want to get stressed with all the markets movement, DCA is still the king strategy that we can rely on. That's why for someone who doesn't have a clear plan of how you're going to accumulate Bitcoin. It's time for you to buy whenever you're comfortable or whenever you have spare money in doing so. But you know what, most of the winners of investing in bitcoin are the ones that are serious with their buying plans and they're not just using their spare money because they're quite small but they're also using their buying power like selling some of their assets for it.
legendary
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Not necessarily at all.  Everyone's situation is going to be different.  You might consider yourself a bit of a fool if you had thought about investing in bitcoin for a long time, and never pulled the trigger until now, when it's at it's all time high, and you dump all the money you had ever planned to "invest" in to bitcoin in at once, that MIGHT be a bit foolish, but it's hard to say, we will see where bitcoin goes from here.  For others, it might simply be part of their Dollar Cost Averaging strategy which wouldn't be foolish at all.

There are going to be a lot of folks coming to bitcoin much later than today, especially since only around 1% of the world's population own any bitcoin.. so the pump of bitcoin may well be a bit misleading in terms of suggesting either the maturity of bitcoin's adoption or its adoption rate - even though there are a lot of new entrants coming to bitcoin in recent times... namely the last 2 months or so... and surely some of them are hoarding and they will likely be making their coins available to later entrants.. and so we cannot be sure if prices will be higher or lower at various points in time, even though we should have decently good senses that the trend is ongoingly up.

Yeah I am in the same camp as yourself where I think there's a "decently good" (if not quite good) chance that the trend is going to continue upwards.  I have heard from a lot of clients lately that they are just entering the "bitcoin space", or crypto space, and they are in large part interested in bitcoin ETFs.  IRA's or brokerage accounts connected to retirement plans certainly make it easier for people to "own" bitcoin, and I think that trend will only continue on as we are just getting started.
sr. member
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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 has crossed its previous ATH but yet Bitcoin has not made a fixed new ATH.  So one can still invest in Bitcoin if they want because there is a big possibility of ATH of Bitcoin at $100k so following DCA method one can still invest in Bitcoin if they want. But when investing in Bitcoin, you should avoid panic and prepare yourself to invest for the long term. If someone can do this then investment in Bitcoin can be a good investment for him otherwise he will not be able to make a profit rather lose in investing in Bitcoin.
legendary
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Are you sure BTC has reached the top?
I think people can invest at any time, where they have seen good prospects from their research so if they invest at a price of 72k, then it can be concluded that they believe in investing their funds in bitcoin for the long term
sr. member
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People who invest at such a high price are not foolish unless they are going all in without considering that there might be a big correction. Intelligent investors will only use a small portion of their available funds and wait for a dip before they put a more significant amount of money into their investment. Bitcoin has been more volatile recently so it doesn’t hurt to have some buy orders at lower prices so you can get the most value out of your money.
hero member
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Investing at the peak price to make a profit is a high-risk investment. As we've got more than 35 days for the halving, there are chances that the price of bitcoin will go even higher. Keeping the same in mind, taking the risk seems to be fair for people who have the ability to invest big as well as the patience to hold on. Because if the market turns bearish, he should have the patience to hold and avoid the loss. Here, holding could be for months, and it can even go for years.
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These are the same persons who at the first time Bitcoin goes down from where it is now they will say,you see it is not worth it,so I don't think is worth to be writing about these guys,they are plain losers the majority as they were skeptical to say the least while there could be a minority which only now have heard about Bitcoin and want to jump in,these are not losers,are just some delayed crypto owners.

I had predicted the new all time high to be in the end of 2025 and also many others but as always you never know what to expect from Bitcoin and here we are now,Q1 2024 already in the same level all time high of 2021,it even surpassed it a bit.
Fools are those who chose to spend their money imprudently, but chosing bitcoin above other investments, for me that is a smart decision. Even investing at its ATH is still part of DCA plan, as its best to invest in bitcoin for long term goal. And those who keep procrastinating, I’m sure they will look back from their wrong decision and end up regretting.

However, it’s a reality that investing at its ATH is completely risky, but we all know if we don’t take risks, we won’t gain nothing in the end. As long as we are capable to manage our risk tolerance, then it’s still safe to invest at our own risk.
sr. member
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It doesn’t necessarily prove that the investor has faith. Out of the people who have invested at ATH, a handful of them are people investing out of FOMO. They don’t really believe, they are just scared that they will be filled with regret if the rocket actually leaves the sky as people hype it. But those who are really long term investors are safe. As long as they are committed to it and don’t eventually have weak hands.

There are many things like that, but for BTC there is nothing wrong with buying it in fomo conditions but not in other conditions. Even if the price drops after buying BTC, it will quickly rebound again. what we are afraid of is for other coins which may not necessarily perform that way.

In a few days time there will be a Halving, I think market sentiment and further adoption will happen quickly, but what we will see after that is that it will continue to rise or there will be a temporary reversal.

I don’t agree. There is something everything wrong with FOMO-ing into investments whether it is Bitcoin or an altcoin. Investments (cryptocurrency or life assets) are supposed to be thought through properly. With FOMO, you can invest too much because of greed. With FOMO, you can skip many steps of investing smartly (like having an exit point). The price could drop and not come up as fast as intended and then the investor who didn’t have a proper plan would sell because it was all FOMO. Never FOMO into anything unless it’s just some really spare money that you don’t mind it being lost.
full member
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Not necessarily at all.  Everyone's situation is going to be different.  You might consider yourself a bit of a fool if you had thought about investing in bitcoin for a long time, and never pulled the trigger until now, when it's at it's all time high, and you dump all the money you had ever planned to "invest" in to bitcoin in at once, that MIGHT be a bit foolish, but it's hard to say, we will see where bitcoin goes from here.  For others, it might simply be part of their Dollar Cost Averaging strategy which wouldn't be foolish at all.

Well in my own opinion those who are seriously investing on bitcoin I don't consider them  being a fool either.reason is because they did it for a purpose, most of them invested from the early stage when bitcoin has little or no value and they where patient enough to reserve it till this time,that bitcoin is pumping so high.is obvious that this set of people make a lot of profit, i think most of them are millionaires by now.
yeah you right, aslong they have set their mind and ready for anything in holding bitcoin, they can start accumulating with DCA method, Bitcoin still have a good potential to surge higher in the future ( though there's no guarantees), through history Bitcoin kept proving it self worthy to be among the best investment (if not the best). Even at that bitcoin price was around the price range of $20k there are some people back then  who called  those who took the chances or grab the opportunity  to invest at that time fools.  And they continue with their accumulation till now are such people still classify fools , nahhh!! . While talking about those early Investors alot of them are already millionaires, and am pretty sure they getting themselves a  nice lambo now  Cheesy
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Not necessarily at all.  Everyone's situation is going to be different.  You might consider yourself a bit of a fool if you had thought about investing in bitcoin for a long time, and never pulled the trigger until now, when it's at it's all time high, and you dump all the money you had ever planned to "invest" in to bitcoin in at once, that MIGHT be a bit foolish, but it's hard to say, we will see where bitcoin goes from here.  For others, it might simply be part of their Dollar Cost Averaging strategy which wouldn't be foolish at all.

Well in my own opinion those who are seriously investing on bitcoin I don't consider them  being a fool either.reason is because they did it for a purpose, most of them invested from the early stage when bitcoin has little or no value and they where patient enough to reserve it till this time,that bitcoin is pumping so high.is obvious that this set of people make a lot of profit, i think most of them are millionaires by now.
legendary
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Not necessarily at all.  Everyone's situation is going to be different.  You might consider yourself a bit of a fool if you had thought about investing in bitcoin for a long time, and never pulled the trigger until now, when it's at it's all time high, and you dump all the money you had ever planned to "invest" in to bitcoin in at once, that MIGHT be a bit foolish, but it's hard to say, we will see where bitcoin goes from here.  For others, it might simply be part of their Dollar Cost Averaging strategy which wouldn't be foolish at all.

There are going to be a lot of folks coming to bitcoin much later than today, especially since only around 1% of the world's population own any bitcoin.. so the pump of bitcoin may well be a bit misleading in terms of suggesting either the maturity of bitcoin's adoption or its adoption rate - even though there are a lot of new entrants coming to bitcoin in recent times... namely the last 2 months or so... and surely some of them are hoarding and they will likely be making their coins available to later entrants.. and so we cannot be sure if prices will be higher or lower at various points in time, even though we should have decently good senses that the trend is ongoingly up.
legendary
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Not necessarily at all.  Everyone's situation is going to be different.  You might consider yourself a bit of a fool if you had thought about investing in bitcoin for a long time, and never pulled the trigger until now, when it's at it's all time high, and you dump all the money you had ever planned to "invest" in to bitcoin in at once, that MIGHT be a bit foolish, but it's hard to say, we will see where bitcoin goes from here.  For others, it might simply be part of their Dollar Cost Averaging strategy which wouldn't be foolish at all.
sr. member
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I don't think that they are fool because they are investing before halving and everybody knows that halving creates a positive sign so the price will enhances from the current price of 72k$. Everyone can think better for himself so I think we cannot call anyone as fool because everyone has some personal issues due to which they cannot invest on a time so whenever they find an opportunity they can invest.

Bitcoin has crossed the previous ATH and now it is 72k$ which is a huge gain so I think if one invest now then he can get profit because halving will bring new changes during which bitcoin can attain new ATH.
hero member
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Are investors investing in Bitcoin at ATH now are fools ?  Is there chance of major correction from here as prices have already peaked now.
Hey OP, I hope you do not mean to ridicule yourself? Lol.
I just have to let you know that Bitcoin has only beaten an All Time High via historical prices but does not mean it has reached it own ATH at this seasons bull-run to determine its ATH.
Meanwhile... Investors are never fooled at no account for investing in Bitcoin. If you can Invest in Bitcoin even at its ATH and have a long term fix Investment, then at next run of its bull-run you can convert It up but it is better to Invest in this current time using the DCA purchasing method.

Maybe he just got that thoughts when seeing that price of bitcoin have a chance to dump after it reach for its new ATH. But this is case to case bases and we are not in the peak of bullish season yet and we didn't see the halving effect yet to occur. For sure we can see for more price action this year so if people think that new accumulators are fool and they doubt to do some action then for sure once bitcoin reach at six digits in figure then provably there's a lot of people will regret their decision not to buy and they are been led with their fears for a possible dump that's why they are left behind by those people have strong belief for a good price growth.
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