Topic: If you had bought the previous ATH you're on profit - page 2. (Read 1040 times)
The last ATH occured for the first time before halving, and the bull run was just getting started, so people were and still predicting a massive bull season were we'll likely see an ATH that'll reach somewhere near $200k in the peak of this bull run. So if any investor have these mindsets, I don't think that they'll have any problems buying during the last ATH, because they know that in the peak of bull run that we're going to see a new ATH that'll more than double the last ATH. If an investor is doing DCA method and have projected Bitcoin price to reach atleast $150k and above in the bull run, then they shouldn't worry about continuous accumulation, until price begins to near the estimated target.
~Snip
I agree with pretty much everything you say! I agree that a financial market must go up and down, that will always happen and moreso with Bitcoin but what I heard or
read somewhere was that we are kess likely to have those massive 50+% drops and the
ETF's will have more of an influence going forward I believe.
Today is the day that there continues to be positive cash flow into the market through bitcoin ETFs, but we can see that bitcoin prices have not improved much and show no signs of recovery. That shows how difficult it is to predict the price of bitcoin, and still no one can predict what will happen next with bitcoin.
So don't believe what is being spread on social media, there will be no "this time will be different" just because we have ETFs. Only human psychology changes, the market has never changed, the market is still unpredictable.
The interesting thing for todays BTC price is that we need to close below 69k for a negative trend to develop. Its wavering back and forth and actually I think the rest of the week will be more important but right now it might be decided on this day which is holidays in some countries with no main market access, there is enough for a valid price though imo.
I believe April will be encountering more negative weather and a harder time to stay positive, counter intuitively as halvening is right here. However the rumor move is stronger then the actual event which in this case I take as cumulatively counting over the entire year hence I stay bullish further out into end year close and beyond hopefully.
I believe April will be encountering more negative weather and a harder time to stay positive, counter intuitively as halvening is right here. However the rumor move is stronger then the actual event which in this case I take as cumulatively counting over the entire year hence I stay bullish further out into end year close and beyond hopefully.
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.
and down, that will always happen and moreso with Bitcoin but what I heard or
read somewhere was that we are kess likely to have those massive 50+% drops and the
ETF's will have more of an influence going forward I believe.Price volatility is a natural property of crypto prices, this is inherent even if you hold stablecoins. Prices will change all the time and it all depends on supply and demand. Today the price corrected slightly compared to the previous 24 hours, but it will likely only last for a short time before recovering again. Whatever causes market volatility, it will always be there and should be considered by anyone before investing.
~Snip
I agree with pretty much everything you say! I agree that a financial market must go up and down, that will always happen and moreso with Bitcoin but what I heard or
read somewhere was that we are kess likely to have those massive 50+% drops and the
ETF's will have more of an influence going forward I believe.
...
I have read that after this halving "it will be different". The thinking is that there may not
be another dump because of the ETF buy pressures...
I have read that after this halving "it will be different". The thinking is that there may not
be another dump because of the ETF buy pressures...
I would never believe these baseless claims because ETF or not, bitcoin is unpredictable. If people were pretty sure about this, would they put all their assets into investing in bitcoin? After all, bitcoin is also a financial market and for a market to exist in a sustainable way, there need to be ups and downs. No market can be considered healthy if it just goes up and up without a correction.
Since the ETF has been approved so far, there has not been a significant correction and I believe bitcoin will correct after the halving, which is what will happen, I am still waiting for “sell in May” like every year.
I agree with pretty much everything you say! I agree that a financial market must go up
and down, that will always happen and moreso with Bitcoin but what I heard or
read somewhere was that we are kess likely to have those massive 50+% drops and the
ETF's will have more of an influence going forward I believe.
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.
If it were me, if I were unlucky enough to buy bitcoin for $69k in 2021 and then I confirmed that bear season has arrived, I would rather cut my losses and wait to buy back at a good price than hold until now just to get a few percent of the profits. In investing, there will be wins and losses and we need to accept them because that is the risk of investing.
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.
...
I have read that after this halving "it will be different". The thinking is that there may not
be another dump because of the ETF buy pressures...
I have read that after this halving "it will be different". The thinking is that there may not
be another dump because of the ETF buy pressures...
I would never believe these baseless claims because ETF or not, bitcoin is unpredictable. If people were pretty sure about this, would they put all their assets into investing in bitcoin? After all, bitcoin is also a financial market and for a market to exist in a sustainable way, there need to be ups and downs. No market can be considered healthy if it just goes up and up without a correction.
Since the ETF has been approved so far, there has not been a significant correction and I believe bitcoin will correct after the halving, which is what will happen, I am still waiting for “sell in May” like every year.
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.
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.
Absolutely, if you buy high you have to be prepared to HODL even when the price drops.
Unfortunately though its not like that for some people, they could either put everything into
Bitcoin and have to sell at a lower price or they suffer from FUD when the price drops.
The best outlook is for long term or minimum 4 years if you buy at the ATH and to consider
the FIAT you put in must not be everything otherwise you will have to sell at a loss.
I have read that after this halving "it will be different". The thinking is that there may not
be another dump because of the ETF buy pressures...
Comparing it with the investors that have bought on the peak of $73k, they have to wait again until they break even.
But an investor that looks at the market to profit quickly, they're the ones that won't survive for so long.
This market is designed for most of the long term holders and whoever stays here for the short term will just have to come back but missed more profits than of those that have just held.
as always the holders always wins because long term investment is the best way to figure out profit from investing in bitcoin for most of the trader they might get caught with sudden dipping and then lost their entire profit and capital possibly but they can always become a long term investment if worse come to worst wait it out until their asset making profit exactly what people from previous bullrun who bought an all time high and patient enough to wait, even though they are buying at peak it can't be denied they have made profit.But an investor that looks at the market to profit quickly, they're the ones that won't survive for so long.
This market is designed for most of the long term holders and whoever stays here for the short term will just have to come back but missed more profits than of those that have just held.
but we also know that being patient when the market seems like as if its gonna get doomed is just simply put hard enough to be honest.
its an activity that is mentally exhausting so i'm not surprised if some people just take the loss and move on, but its already proven that someone can buy at peak and could still make profit its all about strategy and patient.
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.
DCA is the best kind of investment and I have been immensely benefited by doing it with Bitcoin and this is something which everyone can try.
I also use the same method on my Bitcoin accumulation because it protects from investing aggressively and also in DCA you don't care so much about the price of Bitcoin because it has to do with slow and steady accumulation for those who doesn't have much investment capital or were steady cash flow is coming from, although in as much as accumulating Bitcoin when the price dip has it own profits advantages but because of my method of accumulation I don't really consider buying when the price dip unless I will be privilege to meet the dip while doing my DCA investment because my target is for a long time holding. 
Many people actually bought the 2021 peak because the expectations was that Bitcoin was going to $100k just like we are hoping now. Then no one expected that it will stop where it did so there was buying spree when Bitcoin rose above $50k. The sell off started when price refused to continue the upward movement. Majority of those who bought around the peak should have already sold then. Those who still have the Bitcoins bought at the peak are definitely strong believers in Bitcoin, probably those who invested with money budgeted for long term holding.
How do they know if they were buying at the top of the market, no investor will intentionally buy Bitcoin knowing it's the top of the market. Every investor buying Bitcoin is doing so because he believes that Bitcoin will rise in the future. It only depends on how long we think the future is because some investors can buy Bitcoin and begin to be expecting he should be making profits in months while other investors sees years as their future and those are the long term holders. If you mistakenly buy Bitcoin at the top, you shouldn't panic but keep hodling because Bitcoin will always pass its previous highest price eventually. Patience is what we need to have when we invest in Bitcoin when the market is dumping and not rising.
Buying bitcoin at the ATH price is not recommended because you are at the peak of market risk where if the market experiences a significant decline then you experience high losses in just a short time, say you buy at a price of 69k and you only get a profit difference of 3k from the highest price of 71k, so you only get low potential to get high profits but on the contrary that you are now experiencing losses, I am very worried about buying bitcoin at the ATH price and it is better for me to choose the option to target buy when the market experiences a significant decline before the bullish market moment comes.
However, not all of us have this kind of mindset as majority of newbies still enter the market regardless if bitcoin price is at its peak, believing that its price increase will continue since the market is very bullish. But honestly, this is a very wrong strategy as you might end up with huge losses unknowingly. This is why we should get the right information before entering the market and before risking our funds with bitcoin. That way, we won’t be at a situation where the risk to lose is high, since we chose to invest at a bearish season.This is the important part and I think it should be the most crucial part of any investment. I get that not everyone will be able to do it, and certainly not newbies but at least veterans who remembers the past could maybe try to do something like this to do better. I hope that it could get to a point where we may end up with a much better technology without a doubt.
If you've been able to buy on that 69k peak and holding up to now then congrats but i do highly doubt that for most people who had bought into that ATH or peak purchase but there are ones that actually had made out their purchase into those points but still holding until this moment which it isnt something a simple journey that they have held up for those couple of years that has passed.
We do know that you would really be needing that good control of emotions and your perceptions and positivity towards your investment You cant really be able to hold up that long
if you are really that not that serious on what you've been investing.
Buying bitcoin at the ATH price is not recommended because you are at the peak of market risk where if the market experiences a significant decline then you experience high losses in just a short time, say you buy at a price of 69k and you only get a profit difference of 3k from the highest price of 71k, so you only get low potential to get high profits but on the contrary that you are now experiencing losses, I am very worried about buying bitcoin at the ATH price and it is better for me to choose the option to target buy when the market experiences a significant decline before the bullish market moment comes.
However, not all of us have this kind of mindset as majority of newbies still enter the market regardless if bitcoin price is at its peak, believing that its price increase will continue since the market is very bullish. But honestly, this is a very wrong strategy as you might end up with huge losses unknowingly. This is why we should get the right information before entering the market and before risking our funds with bitcoin. That way, we won’t be at a situation where the risk to lose is high, since we chose to invest at a bearish season.This is the important part and I think it should be the most crucial part of any investment. I get that not everyone will be able to do it, and certainly not newbies but at least veterans who remembers the past could maybe try to do something like this to do better. I hope that it could get to a point where we may end up with a much better technology without a doubt.
Many people actually bought the 2021 peak because the expectations was that Bitcoin was going to $100k just like we are hoping now. Then no one expected that it will stop where it did so there was buying spree when Bitcoin rose above $50k. The sell off started when price refused to continue the upward movement. Majority of those who bought around the peak should have already sold then. Those who still have the Bitcoins bought at the peak are definitely strong believers in Bitcoin, probably those who invested with money budgeted for long term holding.
How do they know if they were buying at the top of the market, no investor will intentionally buy Bitcoin knowing it's the top of the market. Every investor buying Bitcoin is doing so because he believes that Bitcoin will rise in the future. It only depends on how long we think the future is because some investors can buy Bitcoin and begin to be expecting he should be making profits in months while other investors sees years as their future and those are the long term holders. If you mistakenly buy Bitcoin at the top, you shouldn't panic but keep hodling because Bitcoin will always pass its previous highest price eventually. Patience is what we need to have when we invest in Bitcoin when the market is dumping and not rising.
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.
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.
It happens and there is only only solution to avoid such wrong decision and that's by doing DCA be it best market or bull market but DCA will evenout the buying the price and you won't be in loss and it's best suited for Bitcoin but it may work for Altcoin as well. But it's not that easy to play around with Altcoins hence I never go full investment or huge investment at one go with Altcoin and sadly we can only learn from our mistakes of not repeating it again.
but of course it would really be depending on what project or coin you are investing into.
Well, any investing strategy will never gonna be easy, especially when you're overthinking and always depending on the other's prediction instead of doing it on your own.
DCA for example, would become complicated if you keep being undecided everytime there is a correction. Some people wanna find a good entry near the bottom. Of course noone knows the bottom and so that would complicate ones decision.
DCA will only become a simple strategy when you are not too worried about your purchases whatever the price is and of course just let bitcoin do the work for you. And also, mostly importantly this strategy works great for those who are planning to hold for long term.
Comparing it with the investors that have bought on the peak of $73k, they have to wait again until they break even.
But an investor that looks at the market to profit quickly, they're the ones that won't survive for so long.
This market is designed for most of the long term holders and whoever stays here for the short term will just have to come back but missed more profits than of those that have just held.
But an investor that looks at the market to profit quickly, they're the ones that won't survive for so long.
This market is designed for most of the long term holders and whoever stays here for the short term will just have to come back but missed more profits than of those that have just held.
People definitely will day trade Bitcoin especially now ETF allows very easy access right across the markets. Thats quite possible, its just a question of skill knowing when a break or run in the price is going to happen and worth the risk of entering the trade with a stop loss for when you are wrong.
Every entry short term has a cost in terms of risk and losses possible and there is always some who are willing to take that risk and gain multiples of their leveraged stake thats a daily gamble they take across multiple assets. Theres no reason BTC cant be one of the markets that responds positively or negatively to overall market news and sentiment
Every entry short term has a cost in terms of risk and losses possible and there is always some who are willing to take that risk and gain multiples of their leveraged stake thats a daily gamble they take across multiple assets. Theres no reason BTC cant be one of the markets that responds positively or negatively to overall market news and sentiment
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