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Topic: Are investors investing in Bitcoin at ATH now are fools ? - page 7. (Read 2698 times)

hero member
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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
Of course, the best time to invest in the crypto market is when there is bearish season. However, there is no rule that prohibits one from buying even at its ATH, so most likely people will definitely buy using their hard-earned money as long as their mindset is that bitcoin price will certainly rise more in the next months or years. And as you’ve said, their money, their rules. And I’m not against in it, investing in bitcoin even at its ATH simply proves that you have a huge faith for bitcoin that it’s price will continue to grow despite how highly volatile it is. And as long as you are investing for long term, you can still maximize your profits when you only sell when your price goal will be achieved.
hero member
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yeah they should be considering these 9 factors, yet even if they don't really know all of the answers the 9 factors, it does not mean that they should wait in terms of getting started right away..
I did not know the answers to some of the questions or factors in that thread, but I have been accumulating BTC for over a 1 year now. So this proves, that taking one step is a necessary thing toward leaning new things, On the way I did learn a lot of things and made some mistakes as well, and in the future will make too, but learn new things also.

Bitcoin is available to anyone, but they have to act rather than just sitting and looking at it.  No one else can act for them.
A bitter one but that's the reality, you spit facts dear.

So some of those folks are going to end up starting and getting involved in bitcoin later.. and so there are advantages to folks who are well connected, but even folks in well-connected places are not taking actions to establish their stake in bitcoin.
I have seen people who have knowledge, or wants to get knowledge but don't want to get practical. Few days ago I have a talk with my uncle and I told him about how BTC is moving, where it was before ETFs and where it is now, and gave him a short tutorial about Halving, ETFs, etc. etc. In the end he asked, should we invest in it, what do you think, I said it's your choice, and he asked what do you prefer should I sell my car and invest the funds in BTC. I said no, you should not risk the money that is in your need. Only invest that is affordable to be lost. Why invest your bread money in it. He then gets uninterested I do not know why. So the point is, even if there are people in the neighborhood involved in BTC it does not mean in that geographical area there will be more people involved.

You seem to be thinking in short-term ways.. so yeah, you are trading.. not investing.. since Why would you need an exit plan if you still don't have enough BTC?  You already said that you don't have enough, which means keep stacking and don't stop.
I don't have enough BTC I agree, but I don't want to remain stuck for another cycle, I want to exit the market with the profit I will make, as I know after a bull run, a bearish cycle will start and then I will get the opportunity to buy BTC at low and thus can have more satoshis which mean more profit. So after another cycle, when the next bull run comes, I will be making a good profit, and then cycle to cycle things can go smoothly. If things not change. Am I wrong here, and yeah I do know investing means holding funds for more then 4 to 5 years, and I am holding funds for like 1 year now, which don't make me a investor, but I don't consider myself a trader too, as I don't trade often. Or should I consider myself.

Anyhow, you do what you like, but it sounds to me that you have hardly any clue about what you are attempting to achieve, including understanding the long term potential of bitcoin, including that you might need to consider bitcoin's long term potential so that you might better know why you are accumulating BTC and likely not needing to worry about exit until you have accumulated enough or more than enough, then after that you could consider following some kind of sustainable withdrawing plan and/or staking plan like I talk about in my sustainable withdrawal thread.
Thanks for the thread, By the way, what's your long-term plan or understand of BTC, I see something unique here, and would love to hear you out, I already stated my plan which is to follow cycle to cycle, but yours seems to be of holding more then 10 years, why? where you see BTC at. What if you die tomorrow and your funds go to waste, that's why I thought we should book some profit, exit the market, and enjoy life too. hehe. But what I understand after reading your words, is you are assuming to become financially free with some amount of BTC, is that possible. I do know people have become financially free with BTC but what's your point or take here. If you don't mind to share.
sr. member
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There's no such thing about being foot on buying into these peaks considering that the price could reach out $100k or more then it would be still
a viable option that you could really be able to get.

Traders and investors will also continue to try to increase the price of BTC because they know its potential in the future and of course what you say is very relevant and makes sense, even though the price of BTC is already above 100K, if someone comes and wants to buy again, who wants to hold on to it...

As far as I know, medium to long term investors are still accumulating Bitcoin, especially to prepare for the halving and the job of us small-timers is to just follow the mainstream and use the dollar cost averaging (DCA) strategy before the BTC price pumps up and climbs even higher in the future.

and I really believe that's when recognition and adoption comes.
hero member
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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.
Recognition and adoption is something that inevitable and completely or gradually rising up on which it would really be normal that there would really be new people who would really be investing
even into this current peak condition as we do say. If there would be no people would be buying on this point specially to those old investors or traders then whose gonna buy?
There would be no break out and there would really be no bull run if that happens. It is really just that good to see on where we are now on which the price is really that rising up
and could posssibly be able to to break those barriers or resistances.

There's no such thing about being foot on buying into these peaks considering that the price could reach out $100k or more then it would be still
a viable option that you could really be able to get.
legendary
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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.
legendary
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I am not sure if you got my point, and I doubt that there is any necessity to study bitcoin prior to getting the fuck started.
You are 100% right, most of the newbies procrastinate and wait for the right moment, some are lazy enough that they can't even set their wallets, or know how to do P2P. You are right about the fact that study bitcoin is not that much necessary, just invest funds and see the magic. But don't you think its a bit doubtful or will be doubtful for newbies?

The main thing seems to be to get started, and yeah, newbies should be figuring out their particulars, but they still should get started sooner rather than waiting around.  The most important is their own particulars in terms of their discretionary income... and yeah they should be considering these 9 factors, yet even if they don't really know all of the answers the 9 factors, it does not mean that they should wait in terms of getting started right away..

They are ultimately responsible for getting started or not getting started.. both are choices, and people who don't get started in bitcoin are likely going to end up getting screwed worse than those who get started.. and also better to make your mistakes earlier rather than later, but they still have to figure out the main thing.. spending within their discretionary income... and probably having a 4-10 year investment timeline or longer.. but just because their investment timeline is would also not suggest that they shouldn't get started ASAP.

If they don't know the potential of BTC then why would they invest in BTC

Well don't then.  Get left behind.  That's their choice, and sorry that they are dumb and/or unwilling to look into it..

Sure there are people who don't have disposable/discretionary income, and they won't be able to invest into bitcoin unless they increase their income or decrease their expenses.  Basic financial management ideas that are in the grasp of any person with a bit of practice and thought, and the fact that a lot of folks are inclined to gamble rather than invest, then that is a choice and they can have fun staying poor.  Bitcoin is available to anyone, but they have to act rather than just sitting and looking at it.  No one else can act for them.

, and if they don't know how to set up a wallet, from where to buy BTC, how to avoid spammers, or phishing scams, then how they can save themselves, even if somehow after watching YT videos they come to buy BTC even.

Well, for their own good, they better figure it out.  There is a lot of information out there, and some information is better than others, and there is some need for critical thinking skills in order to differentiate between good information and bad information.  So maybe they start with something easy, and try to find something in their local area, and if they start out with some custodial solutions then they get used to that adn then move to self-custody later down the road.  Yeah, there are some areas of the world in which it is difficult to get bitcoin or to find someone to sell bitcoin.. so that is too bad for some folks, even though there are bitcoin enclaves all over the world... and maybe some of those people who are in the boonies have to look harder to find some ways to get bitcoin. 

I know that some areas of the world have more bitcoin networks and internet and people promoting bitcoin than others, and those are disadvantages to some people in parts of the world that have fewer options to get bitcoin... So some of those folks are going to end up starting and getting involved in bitcoin later.. and so there are advantages to folks who are well connected, but even folks in well-connected places are not taking actions to establish their stake in bitcoin.

I surely don't claim to know bitcoin availability in all locations, even though I know that there is geographical variations that could disadvantage folks.

A little study is necessary IMHO. And I did get your point. I will start one day VS Day One have different meanings.

Perhaps, but not as much as people likely think.  If you figure out a way to buy some bitcoin and you know that you have $100 per week that you could use, but you don't know about it, so then you start out with $10 per week while you are studying into the matter, and maybe it takes you a few weeks or even a few months to move up from $10 per week to $100 per week and so you can increase the level of your aggressiveness in investing in bitcoin with the level of your knowledge and even getting your shit together in terms of the already mentioned 9 factors.  Yeah, it could take years to get your budget together, including making sure that you have an emergency fund, but if you figure out how to source your bitcoin, it does not mean that you should not get started right away.

In other words, the mere fact that we just touched on ATHs in the last 48 hours, that still does not mean that the price will ever be lower than it is today... so if you have assessed that you don't have enough bitcpoin, then you keep buying until you have enough... you don't wait.  Waiting is not an accumulation strategy.
I actually don't know how much BTC would be enough for me, you are saying if I will have 1.5+ BTC then they are more then enough in compared to having 0.008. I got your point here, but I don't know how can I know if the BTC I have is enough or not,

It depends on your goals, so if you want to try to achieve financial independence then you might think in terms of your yearly expenses/salary, and if you are able to achieve somewhere between 20 to 30 years of your annual income/expenses, then you likely have reached financial independence.  Of course, you could get into bitcoin with other goals, but I don't consider accumulating bitcoin for 4-10 years or longer to be a reason to then get out of bitcoin.. so usually there would be abilities to live off your bitcoin or to use your bitcoin as a supplement to your income.

Accumulating 1.5+ BTC seems a little difficult but who don't want to accumulate that much. If I am making huge earnings, then I will definitely accumulate but for the time being, I am not accumulating due to finance issues. I don't have any issue in holding some funds aside, I actually save some funds in stable currency to buy back but I have to use them also.

If you save 10% of your salary per year and invest into bitcoin, it is going to take you 10 years to reach 1 year's worth of salary/expenses, and so it takes a while to build an investment portfolio, and you are never going to make any progress if you are spending from your investment portfolio.

You choose how you want to treat your investment portfolio, and it is my sense that investing into bitcoin is a 4-10 years or longer endeavor, and many folks if they want to get to fuck you status take 30-40 years or they never even make it to such status, but with bitcoin it could be possible to make it to such status a lot quicker, even cutting the time in half such as 15-20 years, but you still have to get your shit together and establish a sound but aggressive investment strategy that might also involve needs to increase your discretionary income by increasing your income and/or decreasing your expenses.

-cut- as long as you figure out your discretionary income and you are not spending from money that you need, which you should be able to figure out those kinds of relatively basis personal financial management matters.
Got It.
So they might have some periods that they are looking foolish, but who is going to care 20 years down the road when they spent their first 10 years buying like crazy and at any price, then when it comes time to start spending them, they are likely going to have way more options than the person who was failing/refusing to act.
I got this point also, and I am far above this point, because I am not overdoing it, I am not wasting my funds, I do proper DCA, I manage funds from my income, and try to invest with what my life don't disturb. Actually I love holding BTC now, my Average buying is $28k. Now I am in good profit.

What I lack is a good exit plan.

You seem to be thinking in short-term ways.. so yeah, you are trading.. not investing.. since Why would you need an exit plan if you still don't have enough BTC?  You already said that you don't have enough, which means keep stacking and don't stop.

Who gives any shits that your average cost is $28k?  If you don't have enough then you have to keep stacking, even if your cost per BTC is likely to continue to go up when the BTC price is continuing to go up.

Anyhow, you do what you like, but it sounds to me that you have hardly any clue about what you are attempting to achieve, including understanding the long term potential of bitcoin, including that you might need to consider bitcoin's long term potential so that you might better know why you are accumulating BTC and likely not needing to worry about exit until you have accumulated enough or more than enough, then after that you could consider following some kind of sustainable withdrawing plan and/or staking plan like I talk about in my sustainable withdrawal thread.

Are investors investing in Bitcoin at ATH now are fools ?  Is there chance of major correction from here as prices have already peaked now.

Does people who invested in 2017 ATH fools? Or the ones that did it two years ago fools?

We are not at 2017 ATH comparison points.  We are more like at early 2017 when BTC first passed through the 2013 ATH (of $1,163) or maybe we are at late 2020 (when BTC first passed through the 2017 ATH of $19,666).

Basically everyone invested in Bitcoin at the time of the current ATH made profit since they could sell Bitcoin more than the price they bought it for.
Bitcoin drove all the market up and many cryptocurrencies made a record price which is good for everyone Wink

Fuck crypto currencies (ie shitcoins) they are not relevant to this discussion.

Are investors investing in Bitcoin at ATH now are fools ?  Is there chance of major correction from here as prices have already peaked now.

At one point BTC price ATH was nearly $1000 and people were asking the same question whether people buying at this price are fools ?
What would be your answer now that you know current BTC ATH is $70k and what would you call those people who bought BTC at $1000 ?
The same thing applies now and I can say that we are still way early into bitcoin and there's a long journey ahead.

The 2013 high was $1,163 and so BTC passed back through it (and above it) in early 2017.. that was a bit more than 3 years between the ATH being reached again.  This time around with the $69k from November 2021, it was ONLY a bit more than 2 years... perhaps a little more than 27 months.
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.

At one point BTC price ATH was nearly $1000 and people were asking the same question whether people buying at this price are fools ?
What would be your answer now that you know current BTC ATH is $70k and what would you call those people who bought BTC at $1000 ?
The same thing applies now and I can say that we are still way early into bitcoin and there's a long journey ahead.
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.

Does people who invested in 2017 ATH fools? Or the ones that did it two years ago fools?
Basically everyone invested in Bitcoin at the time of the current ATH made profit since they could sell Bitcoin more than the price they bought it for.
Bitcoin drove all the market up and many cryptocurrencies made a record price which is good for everyone Wink
hero member
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Are investors investing in Bitcoin at ATH now are fools ?

There is no time when you can't enter the market, but it just depends on you want to take your profits. If someone has money and wants to hold it for a long period of time, it can continue to accumulate Bitcoin even as the price is high. All those investing in bitcoin at this  high price may have done some research before they decided to invest in bitcoin.
 
If you are calling those who are investing in bitcoin currently fools, if everyone is decide to take their profits and nobody is investing, how will the bitcoin of price move higher again as people are expecting? The bitcoin price can't just move if there is not more demand for bitcoin.
 
And again, why are some people now investing? Maybe when the price of Bitcoin goes down, they don't have money with them to invest at that period, but now when  Bitcoin is at the top price, they have the money to invest in it. And again, the truth is that nobody knows what will be Bitcoin ATH in this bull run, so we should not easily conclude that those that are investing will not make a profit.
hero member
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I am not sure if you got my point, and I doubt that there is any necessity to study bitcoin prior to getting the fuck started.
You are 100% right, most of the newbies procrastinate and wait for the right moment, some are lazy enough that they can't even set their wallets, or know how to do P2P. You are right about the fact that study bitcoin is not that much necessary, just invest funds and see the magic. But don't you think its a bit doubtful or will be doubtful for newbies? If they don't know the potential of BTC then why would they invest in BTC, and if they don't know how to set up a wallet, from where to buy BTC, how to avoid spammers, or phishing scams, then how they can save themselves, even if somehow after watching YT videos they come to buy BTC even. A little study is necessary IMHO. And I did get your point. I will start one day VS Day One have different meanings.
In other words, the mere fact that we just touched on ATHs in the last 48 hours, that still does not mean that the price will ever be lower than it is today... so if you have assessed that you don't have enough bitcpoin, then you keep buying until you have enough... you don't wait.  Waiting is not an accumulation strategy.
I actually don't know how much BTC would be enough for me, you are saying if I will have 1.5+ BTC then they are more then enough in compared to having 0.008. I got your point here, but I don't know how can I know if the BTC I have is enough or not, Accumulating 1.5+ BTC seems a little difficult but who don't want to accumulate that much. If I am making huge earnings, then I will definitely accumulate but for the time being, I am not accumulating due to finance issues. I don't have any issue in holding some funds aside, I actually save some funds in stable currency to buy back but I have to use them also.

-cut- as long as you figure out your discretionary income and you are not spending from money that you need, which you should be able to figure out those kinds of relatively basis personal financial management matters.
Got It.

So they might have some periods that they are looking foolish, but who is going to care 20 years down the road when they spent their first 10 years buying like crazy and at any price, then when it comes time to start spending them, they are likely going to have way more options than the person who was failing/refusing to act.
I got this point also, and I am far above this point, because I am not overdoing it, I am not wasting my funds, I do proper DCA, I manage funds from my income, and try to invest with what my life don't disturb. Actually I love holding BTC now, my Average buying is $28k. Now I am in good profit.

What I lack is a good exit plan.
sr. member
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It's never too late to invest in bitcoin, I felt this way when the price was around $35,000 and regretted the moment missed before, but I realized that bitcoin will come back and the hystory is quite clear. I started buying dca and I also often get from this forum too. For me the current high price is not magically born and with a logical journey. The halving of bitcoin let the community know when the moment of the bloodbath arrived and what positive impact it had on the price.

Not the maximum high / peak today friends, you can buy bitcoin today, see the time span you posted until now, beautiful bitcoin. If you wait for monet in the future it will be too far away and not sure when, if you regret the price currently recorded for bitcoin which is difficult to reach completely, don't be sorry maybe next month will be more unpredictable on all crypto currencies. Bitcoin is the destination.

Precisely! it's not too late to invest in bitcoin because there are still many investors who are just new to it. Yes, you will regret it at first because you found out about it too late, especially since the value is already high, but also think carefully that there is always a right time for everything. The value of bitcoin is unpredictable, so we are not sure when we will earn what we invest in it, unless someone can provide the exact technical analysis on the movement of BTC.
full member
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But they need to know that buying at whatever price which people is comfortable is not a bad decision since at any price people can accumulate its just we have different target and for sure those people who enter at current condition aims for future since they believe that there would be a lot of chance for bitcoin to grow more.
With different buying prices, their purposes and holding periods will also be different. Maybe those who buy at this price have to hold longer than those who buy at below price entries  to make a profit. And one point we need to consider is that for those new to this market, when Bitcoin price is 69k USD, it is impossible to compare the entry price of those who have known the market before. They cannot wait for Bitcoin's price to drop to a low price like previous participants
 to buy in, and this possibility up to this point is extremely difficult. Do newbies have to skip investing when the price of Bitcoin is quite high compared to old people? Therefore, these newcomers certainly cannot be considered idiots. Depending on the market situation and each person's time of entering the market, we can determine whether the price we buy is low or high.
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.

There is always going to be price correction with Bitcoin because the market isn't a stable market and as the price rise and people take profits, the market is going to fall. Bitcoin market is highly volatile, people investing in Bitcoin at any price aren't fools, their investment will make them to be in profits in the future if it doesn't make them profits right away. The market is just warming up and if you think that investing in Bitcoin now make you a fool, wait more and you'll see that you would had made the right choice if you had joined those investing in Bitcoin at this price. $69,000 which was the highest price for the last Bitcoin bull market isn't going to be a difficult challenge for Bitcoin to pass any longer as Bitcoin is already doing that without the momentum of the after halving effect.
hero member
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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
It all depends on the investor, it doesn't matter what the price is when the investor thinks the time is right to invest. Now big institutional investment in bitcoin is buying bitcoin when we think high price they are taking entry in the market means they have proper strategy how to build their position in the market. Many of Bitcoin's previous ATHs have subsequently bottomed out, and the ATH that Bitcoin has now may also eventually bottom out. Then those who buy at ATH also become profitable sometime. The potential that Bitcoin has and those who are aware of that potential know that even if they invest in ATH of Bitcoin, they will become profitable at some point, so they may have to be patient. This is what bitcoin history suggests as Bitcoin broke the previous ATH and made a new ATH after the bull cycle started.
sr. member
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It's never too late to invest in bitcoin, I felt this way when the price was around $35,000 and regretted the moment missed before, but I realized that bitcoin will come back and the hystory is quite clear. I started buying dca and I also often get from this forum too. For me the current high price is not magically born and with a logical journey. The halving of bitcoin let the community know when the moment of the bloodbath arrived and what positive impact it had on the price.

Not the maximum high / peak today friends, you can buy bitcoin today, see the time span you posted until now, beautiful bitcoin. If you wait for monet in the future it will be too far away and not sure when, if you regret the price currently recorded for bitcoin which is difficult to reach completely, don't be sorry maybe next month will be more unpredictable on all crypto currencies. Bitcoin is the destination.
hero member
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Are investors investing in Bitcoin at ATH now are fools ? 
No they are not fool, they are smart. People are expecting bull run to start soon, so they believe when bull run starts, then we should be expecting a new all time high. So investing right now is really a good idea, if you think they are fools, then don’t invest now, just keep on looking at them, and you will end up regretting later in future, people you are thinking they are fools right now, will be the smart one’s in future, and you that think you are smart will end up regretting why didn’t you get bitcoin at his current ATH.

Is there chance of major correction from here as prices have already peaked now.
Sure there will be a correction, but just as you said, a correction but not a dump. In market their is always a correction, you don’t expect market to keep on increasing always, their is always correction m, but hope you know correction is just different from dump.
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.
Actually they still  have the chances. For me, this ATH is  not the end of the Bitcoin price will be in the bullrun. It is not stupid, only quite late. But, nothing to regret. As long as they have known the idea and going to invest in Bitcoin, at least, without any doubt and panic, they still have the chances to take profits.

For, we are still not in the peak of the bullish era, we are heading for  this. So, the chances for rising up again, still very high.

We know that Bitcoin halving is still not happened yet, so, why should blame them with this word? Nothing to late. Just go on and make your own financial management when investing in crypto. Bitcoin - to - the - moon
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.
I don't think so. Maybe there are some beginners who fomo by buying bitcoin when it is bullish and has entered a new ATH but in the end we must realize that what is the goal we want to achieve here.

If indeed it is only a moment and get a small profit even though it is good but it is a situation that is a little silly especially if the capital we have is only sober but if in the end if their goal is long-term it is not a stupid thing but it should be appreciated because after all they at least know that bitcoin progress will continue to grow over time and it could be that the price of ATH now will be considered cheap in the next few years. Therefore I will not consider it a futile act and a stupid act but instead we must appreciate it because at least they already want to try something new that they have never done before.

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.

Bitcoin always witnesses corrections, nothing only goes up in a straight line forever. Corrections & periods of sideways price action are a good thing. It signifies a good, healthy, liquid market. Bitcoin is the best performing asset of the last 10 plus years so people buying now are absolutely not fools no. Bitcoin has no top, it’s going up forever. We are not even at the halving yet, there is far more upside potential in the next couple of years.
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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.
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.
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