If you had bought the previous ATH you're on profit - page 3.

Russlenat

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Quote from: erep on March 23, 2024, 05:49:25 PM

Quote from: fuguebtc on March 23, 2024, 12:16:49 PM

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.

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.

This is from an old investor’s perspective but newbies have different perspectives as well. Once they witness a bullish market then they will anticipate that bitcoin price will certainly be bullish all the time, which leads them to buy at a peak price regardless of how risky it is. And resort into panic selling upon seeing bitcoin experiencing price decline. With that, they will never be in profits no matter how they tried.

Patience is the key. If they can’t overcome some price decline in the market, hence they will never be good hodlers in the process.

Moreno233

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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.

South Park

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Quote from: Sanitough on March 27, 2024, 08:36:18 AM

Quote from: erep on March 23, 2024, 05:49:25 PM

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.

Many people just follow others blindly without stopping to think if what they are doing is the right thing, when people buy a regular good with the intention to use it they compare the different prices and buy it when it is cheaper, so they save themselves some money by buying that good on this way, but when people are speculating they instead take the opposite approach, and buy the asset when it is rising and it is very expensive, not realizing that they should have applied the same logic they apply to consumer goods and buy their preferred asset when it was cheap.

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Quote from: kentrolla on March 27, 2024, 01:24:45 PM

Quote from: rodskee on March 27, 2024, 03:39:37 AM

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.

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.

DCA might sound simple but of course there would really be still some considerations on which you would really be needing up to do so that you would really be able to make that having effective DCA
but of course it would really be depending on what project or coin you are investing into.IF we do talks about on Bitcoin then there's no doubt that DCA would be the best option that you would really be needing to
take incase you have bought on the peak and ended up on holding up for a couple of years but we do know that in the market it does have that so called cycle on which means that despite of worrying about
on when it would recovers then it would be wise that you should be having that DCA to have that trying out to lower your entry point or something your average.

Although not all would really be having that sufficient fund on doing DCA and this is why some people wont really be able to do such step due to this kind of problem.
So it would really be something that situational.

kentrolla

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Quote from: rodskee on March 27, 2024, 03:39:37 AM

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.

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.

Sorryfor

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Yes that's right. The second seems more reliable to me If you hold Bitcoin for a long period of time, you will definitely benefit from it. Given all the historical data, the amount that Bitcoin has gone up to today is truly amazing. If you can buy Bitcoin at the right time as per the plan and following the right strategy then you can earn good amount of profit at the end of the day and it will give you profit at the end of the day. Currently Bitcoin is seen. Bitcoin price was 66000$ a few days ago, many thought that the market will not go up but just a few days later Bitcoin reached 70000$ again. So it is a profitable way to hold bitcoins for a long period of time.

Sanitough

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Quote from: erep on March 23, 2024, 05:49:25 PM

Quote from: fuguebtc on March 23, 2024, 12:16:49 PM

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.

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.

Barikui1

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Quote from: Dailyscript on March 13, 2024, 06:12:23 AM

It happens all the time with bitcoin ATH, where investors avoid buying the ATH rather than waiting for the dip again before they can buy. I want to draw a quick summary of all the bitcoin all-time highs first to remind you that if you had bought in the previous ATH without minding the price, you are on profit now. And this is to encourage us that buying the ATH is not as bad as we think. My theory is to buy high or low and not sell. You won't lose if you don't sell, and imagine your DCA in one form or another since you would have no regret at all. Obviously, it is not the best option.

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. Those who patiently wait for the dip every single period. It is mostly seen as the best plan since you don't have much to lose and the price will surely go back up. Not everyone is successful with this strategy, some end up not having to buy at the dip because they feel it is too expensive to buy even when it has dropped a little. They end up never buying at all despite whatever price it falls down to.

Source of image link here: ATH Chart Link

Yes it's actually true that people that were able to hold without selling are now in a profit, in spot buying, you can't lose your asset as long as you don't sell, but the major problem is how far can you hold, because I believe that not everyone has the patience to hold, even those that have the patience, don't have the right knowledge on how to hold effectively, like having a source of income and having an emergency fund so that you won't have to fall back to your investment anytime you are in serious financial issues like rent, feeding and health emergencies, but if you can have them in place, then I believe you are ready to hold, because patience alone is not enough.

kotajikikox

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Quote from: tengui on March 27, 2024, 03:17:57 AM

Maybe what you mean by type 1 investor is a day trader or someone who invests short term. they don't care and will buy even though prices are high because their goal is only short-term investment and small profits, and most importantly market conditions are in a positive trend.

but short term investors are not applicable in bitcoin not unless times like now happens when the market is flowing here and
there but for normal days? this is only for altcoins.

Quote

and for investor type number 2, maybe he wants long-term investment because the goal is big profits and low risk. What often happens to investors like this is that they often hesitate to buy because the price is still considered too high and could still fall.

that will be the most approachable for Bitcoin as this is the constant and best currency when we are talking about long term investing.

CryptoBuds

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Quote from: AirtelBuzz on March 24, 2024, 10:48:53 AM

Quote from: |MINER| on March 24, 2024, 05:23:43 AM

You are actually right that those who invested in bitcoin at the last all-time high price have also profited in this year 2024. But I think those who invested at last all time high price are profiting now I would call it their loss recovery. Because I don't think the investors got much profit on the difference of a few thousand or they are very happy with it.

Those who bought and invested in Bitcoin during the previous ATH are now able to profit during this year's ATH I think it has compensated them. The price of Bitcoin was previously at an all-time high in 2021 a three-year stretch from which those who patiently held on to buying Bitcoin at high prices were able to make up for it this year. Maybe many have been able to hold on and many have failed to hold on but those who have been able to hold on patiently have succeeded.

As we saw when Bitcoin touched ATH in 2021 the price of Bitcoin has continued to fall in the years since then but has also seen occasional gains. But the Bitcoin market completely turned around by the end of 2023 because then Bitcoin ETFs were approved. After the approval of ETFs we see a completely different form of Bitcoin market that is the constant increase in the price of Bitcoin.

Is that level of compensation worth it? For example, you spend $100k and buy bitcoin for $69k in 2021 and luckily, bitcoin has touched $72k in 3 years and the profit you get is not even 5%. Meanwhile, if you were patient and waited to buy bitcoin for less than $17k 2 years ago. Now you are getting more than 300% profit, do you think investing in bitcoin right at ATH and 5% profit is enough compensation? If we are satisfied with the result of only 5% profit in 3 years, then clearly we are just stubborn people and do not want to accept our mistakes.
Invest with knowledge and experience, don't invest if you don't know anything about it, don't enter the market just to provide liquidity for others.

rodskee

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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.

tengui

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Maybe what you mean by type 1 investor is a day trader or someone who invests short term. they don't care and will buy even though prices are high because their goal is only short-term investment and small profits, and most importantly market conditions are in a positive trend. and for investor type number 2, maybe he wants long-term investment because the goal is big profits and low risk. What often happens to investors like this is that they often hesitate to buy because the price is still considered too high and could still fall.

arjunmujay

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Quote from: mirakal on March 24, 2024, 04:59:12 PM

I still believe that buying at its dips is the best decision when you are in an investment. However, we cannot tell exactly if that is already the dip but as long as the market is in bearish, it’s always a perfect entry in the market. No need to debate for that, if you are waiting for your bitcoin investment to maximize its profits in the future, then always start buying if possible at its lowest price.

but you also need to have extra money that can be used to buy bitcoin again if the next day it goes down again.
because nothing is impossible in the crypto market.
It could be that currently Bitcoin has experienced a 2% decline and you consider it the right time to buy. However, the next day Bitcoin fell again, if yesterday you were all-in on a 2% decline, you have lost the opportunity to buy Bitcoin again on today's decline.

Having good analysis really influences when you can enter correctly.

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Quote from: erep on March 23, 2024, 05:49:25 PM

Quote from: fuguebtc on March 23, 2024, 12:16:49 PM

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.

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.

You are putting a higher risk on your funds if you enter the market while bitcoin price is at its peak. Even if you say you are here for long term investment, but that never means that it’s okay for you to profit after a couple of years because you still have to wait for bitcoin price to skyrocket so that it will reach a new all time high that is higher from the price you have bought your bitcoin first.

I still believe that buying at its dips is the best decision when you are in an investment. However, we cannot tell exactly if that is already the dip but as long as the market is in bearish, it’s always a perfect entry in the market. No need to debate for that, if you are waiting for your bitcoin investment to maximize its profits in the future, then always start buying if possible at its lowest price.

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Quote from: erep on March 23, 2024, 05:49:25 PM

Quote from: fuguebtc on March 23, 2024, 12:16:49 PM

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.

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.

I mean that but some people think that buying bitcoin at ATH is still a good thing because they will eventually make a profit as long as they don't sell it until they make a profit . That's not wrong , but is it a wise decision when everyone is trying to sell at ATH to make a profit while we are trying to buy at high prices? Within 4 years they can make 3, 4 times the profit, and we can only make 20% to 30% profit , is that wise ? In my opinion, the people giving this advice do not have any investment knowledge and it is bad advice .

In investing to make a profit, most of the time, we are waiting and being patient , so if we miss an opportunity, we should wait for another opportunity instead of investing hastily and blindly.

AirtelBuzz

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Quote from: |MINER| on March 24, 2024, 05:23:43 AM

You are actually right that those who invested in bitcoin at the last all-time high price have also profited in this year 2024. But I think those who invested at last all time high price are profiting now I would call it their loss recovery. Because I don't think the investors got much profit on the difference of a few thousand or they are very happy with it.

Those who bought and invested in Bitcoin during the previous ATH are now able to profit during this year's ATH I think it has compensated them. The price of Bitcoin was previously at an all-time high in 2021 a three-year stretch from which those who patiently held on to buying Bitcoin at high prices were able to make up for it this year. Maybe many have been able to hold on and many have failed to hold on but those who have been able to hold on patiently have succeeded.

As we saw when Bitcoin touched ATH in 2021 the price of Bitcoin has continued to fall in the years since then but has also seen occasional gains. But the Bitcoin market completely turned around by the end of 2023 because then Bitcoin ETFs were approved. After the approval of ETFs we see a completely different form of Bitcoin market that is the constant increase in the price of Bitcoin.

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Quote from: rojan on March 24, 2024, 10:19:51 AM

Quote from: |MINER| on March 24, 2024, 05:23:43 AM

You are actually right that those who invested in bitcoin at the last all-time high price have also profited in this year 2024. But I think those who invested at last all time high price are profiting now I would call it their loss recovery. Because I don't think the investors got much profit on the difference of a few thousand or they are very happy with it.

I am very happy with my investment in Bitcoin because the price of Bitcoin has increased a lot. I have recovered all the losses I had made all year after the Bitcoin growth. All those who had invested in Bitcoin are now in profit. I have not sold them, I have invested them for a long time. I hope that after a few more years, my invested bitcoins will increase in price several times.

Congratulations to you because the Bitcoin price increase in less than half a year Bitcoin has recovered your previous losses, and Bitcoin has surpassed the previous ATH which has provided profits for many people when they bought at the previous low price or at the previous high price.
We will face a halving in the near future, and if we can be more patient, it is very likely that the price of Bitcoin will reach $100K or more, and you will make much bigger profits. So it's best to continue accumulating your holdings according to your means because the current price can still be said to be a good discount after Bitcoin price reaches a new ATH of $73K.

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Quote from: |MINER| on March 24, 2024, 05:23:43 AM

You are actually right that those who invested in bitcoin at the last all-time high price have also profited in this year 2024. But I think those who invested at last all time high price are profiting now I would call it their loss recovery. Because I don't think the investors got much profit on the difference of a few thousand or they are very happy with it.

I am very happy with my investment in Bitcoin because the price of Bitcoin has increased a lot. I have recovered all the losses I had made all year after the Bitcoin growth. All those who had invested in Bitcoin are now in profit. I have not sold them, I have invested them for a long time. I hope that after a few more years, my invested bitcoins will increase in price several times.

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Most plans of every crypto investor are to sell at profits when the price of bitcoin increases not when it decreases. It would be so wrong if an investor bought bitcoin at a high price and began to sell it back because he thinks that bitcoin is taking too long to reach its high price again or it won't reach.

Of those who bought bitcoin at its previous ATH, not all of them have hodl hodl bitcoin to date. Many would have sold out for the reasons best known to them but those who hodl bitcoin to date must have seen some profits in the bitcoin investment they made 4 years ago, coupled with some bitcoin they accumulated when Bitcoin was on the downside

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Quote from: |MINER|

You are actually right that those who invested in bitcoin at the last all-time high price have also profited in this year 2024. But I think those who invested at last all time high price are profiting now I would call it their loss recovery. Because I don't think the investors got much profit on the difference of a few thousand or they are very happy with it.

But those investors that invested when the price was $18,000 early last year achieve the most biggest income in this month, because they use huge amount of money to purchased Bitcoin and hold the Bitcoin till this current bullish season for them to achieve income that sweet their minds in the market. Those that purchased Bitcoin when the price increased to $40,000 made a little income in this season, because they didn't purchase their Bitcoin when the price was low in the market, but this season will make them to learn lesson not to purchase Bitcoin when the price is high. Those that earn little income in this season will try to plan well ahead of incoming bearish season so that they will increase their capital to purchase Bitcoin that will increase their income in the next bullish season.

Topic: If you had bought the previous ATH you're on profit - page 3. (Read 1058 times)