Reaching a new high always makes the public happy and scared at the same time. I am not saying that its going to be all that confusing, it is going to be something that will take a bit of time, and should be a little bit worried in the end, I believe that it is going to be something that will take a while. I personally believe that the best thing to do in this case would be just focusing on how you could make money from the fall, because this isn't a permeant fall, we all know that it will recover.
This is why the best thing to do would be finding a way to make a big investment right now, so that when it recovers and goes back up, you will be in profit. Fearing how high it could go, ends up causing people to sell earlier than they should.
Topic: If you had bought the previous ATH you're on profit (Read 1058 times)
Quote from: rodskee
that is what we all experienced when times that ATH is being broken with the new
one but sadly neither of the 2 ATH of my time here gives me this profit because of my
wrong decisioning , this is why this time will be different as I made sure to have my
funds intact at least till next year when bull market happens.
People have learned their lesson, never to regret to buy BTC in high price because the higher price can turn to low price in the future when another bull hit market which you can view it from this current bull run.one but sadly neither of the 2 ATH of my time here gives me this profit because of my
wrong decisioning , this is why this time will be different as I made sure to have my
funds intact at least till next year when bull market happens.
There are some people that bought their BTC at $50k last year and hodl till this year to make a big profit, and many people that bought at $18k or $20k feel bad about those people that bought at $50k in high price but the people that bought at $50k made plenty profits than those that bought at $18k or $20k because those that bought at $18k sell their BTC early but those that bought $50k wait for the price to hit $70k before they released their BTC.
This bull run make people to be wise to always save some fund, they will use to buy BTC when the bear season occur and this bear season can happen this year, and it will be difficult for the price of BTC to return back to $18k or $20k in the bear market because it look like you are waiting for the price to reach $20k before you can buy.
legendary
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Re: If you had bought the previous ATH you're on profit
I still remember the very first gaming coin that I bought in 2018. I bought it when the market is about to go down really hard, and at that time, I was a newbie in crypto, and have little knowledge so mistakes often happen. What coin is that? Enjin Coin.I bought that coin when the market is almost at it's peak still back in 2018, and obviously the market went down at that year and so does my investment. At that time, I don't want to sell my ENJ at a loss that's why I decided to hold my coins on Binance which is my another mistake. Well, I held that coin for 3 years and when the year 2021 comes and I'm already at profit on my ENJ coins, I immediately sold all of it. I think I got around 30% profit at that time which is obviously not worth it. 10% profit per year? It wasn't worth it for me.
Anyway, I agree with the subject title that if you bought on the previous ATH, you will be on profit. The key here is "patience". If you're patient enough to hold your Bitcoins if you accidentally bought it at it's peak, you will still end up getting profits though it will take years before it happens. Most like me have the patience to wait, but some are just making stop-losses which is a better strategy, and just buy it again during the bear market.
The current high prices registering on a closing basis are dragging us away from the prior ATH. The highs declining are all in line with a moving average which is a rough weekly average for BTC, any time we remain trading below that particular measure I assume BTC is actively negative in its trend at least short term I find that to be true.
I did think upto a month ago that the 50 day average would eventually come into play and we've been juggling these same prices in a circle for so long now over 30 days that now that 50 day MA is on the lows. So moving average cant be resistance, its just an indicator so nothing strongly retaining us exactly but untill we make new prices & do something different I assume the circle carries on.
Rapid movement can still be zero velocity on an wider time frame, I'm sure some rely on that but its irritating to observe and draw much conclusion from.
I did think upto a month ago that the 50 day average would eventually come into play and we've been juggling these same prices in a circle for so long now over 30 days that now that 50 day MA is on the lows. So moving average cant be resistance, its just an indicator so nothing strongly retaining us exactly but untill we make new prices & do something different I assume the circle carries on.
Rapid movement can still be zero velocity on an wider time frame, I'm sure some rely on that but its irritating to observe and draw much conclusion from.
IMO holding from ATH to ATH definitely is a great profit there. Although it requires alot of faith. This being that you trust that Bitcoin will hit a value with which you can have tangible profit regardless of the fact that you bought the coin at the highest price at a time. Still it's wisdom to still buy in-between, as the coin is cheaper then.
Bitcoin buyers from the previous ATH to the current ATH have clearly made quite a profit, because they are waiting for the next ATH every four years. Everyone can also continue to buy Bitcoin, especially when they see the price decline that occurred after the previous halving (2021). So in terms of the level of profit, it is certain to double and is also very extraordinary, although this may not be able to be done by everyone because remember that you have to have patience and high trust in Bitcoin within that deadline.at the bottom then entry point would really be that lesser. You wont really be thinking anymore that you have bought on the peak on which this is really just that a normal approach to have.
When it comes to profit then you would definitely be having one on the time that the market would really be having that recovery.
It all matters on how wise you would really be on the time that you would really be making out those kind of decisions. Profitable traders are the ones who do really know
on what they would gonna do on times like these. There are ones who are really that skeptical on making such move when the market is dumping on which this is really that very normal.
IMO holding from ATH to ATH definitely is a great profit there. Although it requires alot of faith. This being that you trust that Bitcoin will hit a value with which you can have tangible profit regardless of the fact that you bought the coin at the highest price at a time. Still it's wisdom to still buy in-between, as the coin is cheaper then.
Bitcoin buyers from the previous ATH to the current ATH have clearly made quite a profit, because they are waiting for the next ATH every four years. Everyone can also continue to buy Bitcoin, especially when they see the price decline that occurred after the previous halving (2021). So in terms of the level of profit, it is certain to double and is also very extraordinary, although this may not be able to be done by everyone because remember that you have to have patience and high trust in Bitcoin within that deadline.IMO holding from ATH to ATH definitely is a great profit there. Although it requires alot of faith. This being that you trust that Bitcoin will hit a value with which you can have tangible profit regardless of the fact that you bought the coin at the highest price at a time. Still it's wisdom to still buy in-between, as the coin is cheaper then.
Bitcoin buyers from the previous ATH to the current ATH have clearly made quite a profit, because they are waiting for the next ATH every four years. Everyone can also continue to buy Bitcoin, especially when they see the price decline that occurred after the previous halving (2021). So in terms of the level of profit, it is certain to double and is also very extraordinary, although this may not be able to be done by everyone because remember that you have to have patience and high trust in Bitcoin within that deadline.
If you buy Bitcoin at the previous highest price in the last bull market, you can sell the Bitcoin and wait for the price to drop before buying again but if you have other sources of income that you can go on with your life without thinking about the money that's locked in Bitcoin because you're holding it and not thinking about selling, you can keep holding Bitcoin until we have another halving and a new highest price to reach.
Do you believe people can do it? I doubt that even if they have other income that could help them meet other needs. This is because not everyone knows the benefits of saving money in Bitcoin.We might be able to do this if we have other income that doesn't interfere with our savings and can cover our basic needs because we know that saving money in Bitcoin can make our hopes come true.
Saving consistently without paying attention to the purchase price can only be done by people who have other income and know the value of Bitcoin.
Why, not everyone who has multiple sources of income knows the value of saving in Bitcoin. That's only select people.
legendary
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Merit: 1102
Leading Crypto Sports Betting & Casino Platform
IMO holding from ATH to ATH definitely is a great profit there. Although it requires alot of faith. This being that you trust that Bitcoin will hit a value with which you can have tangible profit regardless of the fact that you bought the coin at the highest price at a time. Still it's wisdom to still buy in-between, as the coin is cheaper then.
Bitcoin buyers from the previous ATH to the current ATH have clearly made quite a profit, because they are waiting for the next ATH every four years. Everyone can also continue to buy Bitcoin, especially when they see the price decline that occurred after the previous halving (2021). So in terms of the level of profit, it is certain to double and is also very extraordinary, although this may not be able to be done by everyone because remember that you have to have patience and high trust in Bitcoin within that deadline. 
IMO holding from ATH to ATH definitely is a great profit there. Although it requires alot of faith. This being that you trust that Bitcoin will hit a value with which you can have tangible profit regardless of the fact that you bought the coin at the highest price at a time. Still it's wisdom to still buy in-between, as the coin is cheaper then.
If you buy Bitcoin at the previous highest price in the last bull market, you can sell the Bitcoin and wait for the price to drop before buying again but if you have other sources of income that you can go on with your life without thinking about the money that's locked in Bitcoin because you're holding it and not thinking about selling, you can keep holding Bitcoin until we have another halving and a new highest price to reach. Bitcoin isn't a cryptocurrency to have doubts in, every four years Bitcoin will always give those people investing in it profits because of the halving. I don't believe someone will knowingly buy Bitcoin at the all time high price but if it ever happens to you, don't panic but keep buying more Bitcoin and have a strategy that you'll use to own more Bitcoin while you wait for the bull market. This is why it is quite important to remember that holding is easy and gives you profits, that should be something that could be done in a way that would make it worthy for you to make some money, should not be a big deal at a ll.
IMO holding from ATH to ATH definitely is a great profit there. Although it requires alot of faith. This being that you trust that Bitcoin will hit a value with which you can have tangible profit regardless of the fact that you bought the coin at the highest price at a time. Still it's wisdom to still buy in-between, as the coin is cheaper then.
If you buy Bitcoin at the previous highest price in the last bull market, you can sell the Bitcoin and wait for the price to drop before buying again but if you have other sources of income that you can go on with your life without thinking about the money that's locked in Bitcoin because you're holding it and not thinking about selling, you can keep holding Bitcoin until we have another halving and a new highest price to reach. Bitcoin isn't a cryptocurrency to have doubts in, every four years Bitcoin will always give those people investing in it profits because of the halving. I don't believe someone will knowingly buy Bitcoin at the all time high price but if it ever happens to you, don't panic but keep buying more Bitcoin and have a strategy that you'll use to own more Bitcoin while you wait for the bull market.
I fully resonate with your points, having experienced them myself. Holding through all-time highs requires patience, and few investors can manage it. Dollar-cost averaging (DCA) has been my go-to strategy with Bitcoin, offering consistent benefits accessible to everyone.
If you have strong determination, then no one can stop you from holding the coins. You just need to have patience while holding the coins and keep yourself motivated. You need to make yourself clear that, Bitcoins are limited in numbers, hence it’s obvious that the price will go up. You will have to just show patience. I accept DCA is a great strategy, and it works all the time. Hence in order to make profits, just keep your fundamentals clear.
There are two type of investors i know this period and how it is affecting them
There are the ones who always buy without minding if the price is at the top or at the bottom. They know it may not be the best bitcoin accumulation plan, but they have had the experience, and right now they are on gains. It may not be massive gains, but they are on the green.
The second type is the bottom buyer.
In both types, I am more interested in the first type. Here they make purchases by applying the DCA pattern without having to be patient when buying when the price is below.There are the ones who always buy without minding if the price is at the top or at the bottom. They know it may not be the best bitcoin accumulation plan, but they have had the experience, and right now they are on gains. It may not be massive gains, but they are on the green.
The second type is the bottom buyer.
They are investors who know the best way to get accumulated Bitcoin every year.
If we refer to the previous ATH where the price was below $70k, currently the price is still on the same line. If purchases are made without caring about price because they prioritize the concept of buying using the DCA method, then they will now have made a profit.
The profits will be multiplied when Bitcoin reaches a new ATH.
For investors who choose to be patient and buy when the price is below, they will miss several opportunities to get large profits according to the amount of Bitcoin.
In the second practice, we don't know when the price will be at its lowest point.
It is true that we often say that we should invest in bitcoin every chance we get, but that does not mean we invest blindly and without any specific analysis or strategy . For me, buying bitcoin at ATH is a bad investment strategy because we have to wait many years and only get very low returns . Meanwhile, if we have a clear strategy and plan, we will shorten the investment time and generate significant profits .
Using the DCA strategy is completely different from buying at ATH levels . And we are just discussing buying bitcoin at ATH, we are not talking about DCA strategy.
There is no doubt that if you buy during an ATH and then hold it for a long term, you will have to wait for years for Bitcoin to go above that ATH again so that you can get some profit, however, if someone buys near a new ATH and then sell when they see they are getting about 5% to 10% profit, that isn't a bad deal in my opinion. So, long-time investment during an ATH is not a good thing to do, I agree with that.Using the DCA strategy is completely different from buying at ATH levels . And we are just discussing buying bitcoin at ATH, we are not talking about DCA strategy.
A person applying DCA method and buying accordingly also needs a proper strategy and plan with their budget and buying intervals because if one doesn't know how much they should buy after each dip, they would have their capital exhausted before the market reaches the bottom.
Learn to avoid hypes and FOMOs because that will only push you to wrong decision making. Stick with the plans, and always follow what’s in the plan. And always control your emotions especially when the market gets highly bullish. That’s the key so you won’t be buying at a wrong timing.
We have a small group and this group only consists of investors who are close to each other and we often tell each other this. Choosing a good asset to invest in is just a necessary condition for us to have a successful investment. The sufficient condition is that we need to have a good time to buy, the cheaper we buy, the higher the chance of making a profit. So for me, the timing of buying is extremely important and it will reflect your success. Bitcoin is a good choice, but if we rush in blindly, buying just when everyone is taking profits and we will become liquidity for someone else. So it's not a good investment, it's a bad investment.
-snip-
But if anyone is investing in this period and thinking to reap within 4 to 5 months should not because you might not see the expected results. So long term investment and lock down your mind waiting patiently for years to come.
If it is indeed forcing and trying to enter the current price period, it may still not be so bad.But if anyone is investing in this period and thinking to reap within 4 to 5 months should not because you might not see the expected results. So long term investment and lock down your mind waiting patiently for years to come.
Waiting for a deeper correction will provide an opportunity to buy cheaper and more coins earned.
Currently, the price is still stable around $65k-$67k, whereas the last ATH before the halving was $73k.
Only need to buy back when the price continues to fall, and make the most of the ATH hype.
One year in the future, maybe the bitcoin market will be a fairly crowded market with increasingly high demand.
IMO holding from ATH to ATH definitely is a great profit there. Although it requires alot of faith. This being that you trust that Bitcoin will hit a value with which you can have tangible profit regardless of the fact that you bought the coin at the highest price at a time. Still it's wisdom to still buy in-between, as the coin is cheaper then.
Yeah, all those who invested in the last All Time High ATH are on the smiling mood. But those who bought at that time took the risk and have the confidence that it will definitely surpass the previous All Time High for them to make profit from it. And that should be a very long term investment and with patient. And most of us, this is the first All Time High and we are still going into see the highest All Time High in this year or early next year before it will finally go back to the next bear market again. And as for bitcoin the transaction fee is also moderate for interested investors to start their journey and it is good for long term for like 6 to 7 years investment.
But if anyone is investing in this period and thinking to reap within 4 to 5 months should not because you might not see the expected results. So long term investment and lock down your mind waiting patiently for years to come.
But if anyone is investing in this period and thinking to reap within 4 to 5 months should not because you might not see the expected results. So long term investment and lock down your mind waiting patiently for years to come.
It is true that we often say that we should invest in bitcoin every chance we get, but that does not mean we invest blindly and without any specific analysis or strategy . For me, buying bitcoin at ATH is a bad investment strategy because we have to wait many years and only get very low returns . Meanwhile, if we have a clear strategy and plan, we will shorten the investment time and generate significant profits .
Using the DCA strategy is completely different from buying at ATH levels . And we are just discussing buying bitcoin at ATH, we are not talking about DCA strategy.
There is no doubt that if you buy during an ATH and then hold it for a long term, you will have to wait for years for Bitcoin to go above that ATH again so that you can get some profit, however, if someone buys near a new ATH and then sell when they see they are getting about 5% to 10% profit, that isn't a bad deal in my opinion. So, long-time investment during an ATH is not a good thing to do, I agree with that.Using the DCA strategy is completely different from buying at ATH levels . And we are just discussing buying bitcoin at ATH, we are not talking about DCA strategy.
A person applying DCA method and buying accordingly also needs a proper strategy and plan with their budget and buying intervals because if one doesn't know how much they should buy after each dip, they would have their capital exhausted before the market reaches the bottom.
Learn to avoid hypes and FOMOs because that will only push you to wrong decision making. Stick with the plans, and always follow what’s in the plan. And always control your emotions especially when the market gets highly bullish. That’s the key so you won’t be buying at a wrong timing.
I don't know how many users commenting on this thread bought in at the 2021 ATH ($69,000), but if any, their losses must have been recovered right now. I'm not one of them as I didn't buy around $69k back then, but tended to accumulate from $16k to now.
If you are still regularly collecting Bitcoin from the price of $16K until now, you are also quite lucky because the price level has also changed a lot for Bitcoin so you can feel the benefits very clearly. Likewise, people who have managed to recover their losses this year if they had previously bought at $69K, they have also made a more sizable profit if they had sold at $73K. But in general there are still a lot of people who are still holding and not selling when they see the price of $73K this year, in my opinion, because people like that usually have more confidence in the next price increase in Bitcoin this year.then we've been able to hit up new all time highs and i could say that congratulations to them on which they had sustained and survived that very long bearish market. For those people who do able to survive then it would really be that hard to believe that they would really be selling out unto their entry points on which it would really be that they would really be tending to hold it further more.
You would really be having in mind that we are already that nearly on halving period which does significantly means that we are near on bull run. Selling now would really be just that a
non ideal thing to do because you are projecting already the probability that you could make even more profits if you do hold up even more longer.
legendary
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I don't know how many users commenting on this thread bought in at the 2021 ATH ($69,000), but if any, their losses must have been recovered right now. I'm not one of them as I didn't buy around $69k back then, but tended to accumulate from $16k to now.
If you are still regularly collecting Bitcoin from the price of $16K until now, you are also quite lucky because the price level has also changed a lot for Bitcoin so you can feel the benefits very clearly. Likewise, people who have managed to recover their losses this year if they had previously bought at $69K, they have also made a more sizable profit if they had sold at $73K. But in general there are still a lot of people who are still holding and not selling when they see the price of $73K this year, in my opinion, because people like that usually have more confidence in the next price increase in Bitcoin this year. Jump to: