Topic: If you had bought the previous ATH you're on profit - page 4. (Read 1047 times)

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.

It's not a lot of profit though, last ATH before the latest ATH of bitcoin, it was around 69k and now it's only at 73k, only a 4k difference. But if you were consistently investing in bitcoin at the previous ATH even through the price dips (especially at the price dips) then yes, you would be in profit, you'd also be the envy of your bitcoin peers that never had the opportunity to invest during the dip and now they've regretted what they've done and they see you as an icon or an idol to follow but I digress, this very reason that even if you buy right now when the prices are so high and the price peaking is the most likely thing that would happen and you hodl to it and have in mind that the bitcoin that you're buying right now is for the long-term profit, you will always be rewarded with a really big profit no matter how you look at it, just need the patience to hold on to those bitcoin no matter what FUD may come through that door, your wait will always be worth it with bitcoin. At this day and age, not believing that you would profit in bitcoin in the long-term is stupidity and not skepticism anymore.

The Bitcoin market is completely uncertain. If investments can be made during the dumping of the Bitcoin market, it is natural that there will be profits during the market recovery. However, the best time to buy Bitcoin is unknown, so no matter how high the market is, it is impossible to get the right timing. The highest ATH in 2021 was 69 thousand but in 2024 the highest ATH has become 73000 dollars, that is, even if you can invest in ATH in 2021, there would be profit in ATH now.

You forgot to add the other type of investors that FOMO in without having any reason or belief. They just invest out of the pressure that people are investing. Well, the ATH you speak of didn’t really last because we’re obviously lower than the last ATH. Bitcoin even went as low as $63k or so. However, I believe that it’ll break the record and probably rise to $75k or more. But I can’t be too confident so let’s see how it all plays out because there are many factors that matters.

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.

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.

That is true, anytime the price falls down, people could just focus on making the best they possibly can and in return they will definitely have some good income. There is no "missing out" on bitcoin, there will be ups and there will be downs, if you missed one down, then you can buy at the next down and just keep trying to make more money.

This isn't some short get rich quick scheme, this is a long term investment, something to consider for your retirement even, so if you want to get rich, just a small portion of this situation is ok. Just wait for your turn, see it go down and then you can get in. Most people would make so much money if they wait for a 10% drop and then get in, aside from the bear market period of course.

This proves that despite of the risk investing in bitcoin due to high volatility, there are still few who managed to trust bitcoin and hold it longer. Now they are almost at the peak of their success if bitcoin price reaches another all time high again. While those who end up panic selling are obviously regretting because they were beaten by their fears that lead them losing their future investment profits. However, opportunities never run out with bitcoin so they can still reinvest again and try not to panic selling again.

exactly  DCAing is still the best way to treat this but the problem is that how ,much are you willing to risk because DCA is still harder for many to manage learning completely with low risk.

if people have invested at 20k$ value then indeed we are at profit with multiple times , but sadly only few that still has their holding from that point.

Although the only pattern we see is every 4 years we have this bull run. However, a new pattern emerges today as we have a new all time high prior to the halving. And so it invalidates our previous cycle that it's hard to see what will be or how bit the bull run will be this year.

Yes, take profit as you can, others hodl though, as we are looking for like $100k at conservative estimates at least. But there is nothing wrong with taking profits from time to time as this is how we become great investors. And then uses that extra money that we profit in other things.

That's right, as buyers we have to know first what the condition is. Don't just buy it straight away without further consideration.
but that happens for in-person purchases. different from DCA. When people routinely buy money every week, for a long period of time they will definitely make a profit and are not affected by the price dynamics of Bitcoin. because what is taken is the average. It's not as much an advantage as those who analyze the market first to get more profits, but DCA is enough if you want to get passive profits from Bitcoin.

Even for long term holders, buying at ATH will always be a problem as it will not give you much profit and you need to hold for a very long time. Just think about the people who bought bitcoin for $69k in 2021 and they had to wait 3 years to break even while the people who bought bitcoin for under $20k in 2022 are making double profits 3 times. If it were you, would you feel comfortable and satisfied with that result?

Therefore, investing in bitcoin must always be researched and analyzed thoroughly and clearly before we want to invest . Don't invest with an empty head and only rely on people's advice, you will only become liquidity for the market. A good project does not mean it will definitely bring you good results, but to get good results you must buy at a good price.

The problem is, all patterns end at some point and new patterns replace them. It could be that Bitcoin at some point in the future will reach a certain peak, then crash and never revisit that peak ever again. Or it could decades to see that price again. Bitcoiners tend to brush off unrealized losses with their "just hodl" mantra, but not everyone can just hodl. Sometimes life makes you spend money whether you like it or not, and this is where having all your wealth stored in Bitcoin would be a major downside.

We're trading below that level now and today the highs were found at the weekly average hence we are trading bearish for this week and probably next I think.   Till we confirm properly on a daily and weekly bar basis I assume we are range bound at best and negative at worst waiting for a break down further.

So near term negative and I think medium to longer term we are intact in a good recovery of all prior losses, its hard to be too negative overall in that full context.  However we have to find and prove that positive trait in the price action first, before then I think its best I watch for people taking off some of their BTC balance amidst background buying by the ETF perhaps and maybe others.
  Just the liquidity of some people selling is enough to bring us down 10k or more thats all quite reasonable.

Profit taking always happens and its no real negative just have to account for it and try to be fully aware of a change back to a positive trend, dont get too disheartened before that happens even if we do go back to prices in the 50's

If you are a long term holder then this wont really be an issue but if you are someone whose really that comes after with shorter trades and you have caught yourself into that previous bull run peak then emotions and patience would really be primarily would be your opponent into these moments or conditions on which this is really that actually that too hard for you to control on. This is why some people do end up on panic selling just because they cant really be able to bare up the stress and disappointment that they had bought on the peak.

I think the price of Bitcoin previously reached an all-time high in 2021, and since then, the price of Bitcoin was the highest it has been before touching a new ATH record this year. If those who bought bitcoins during the previous ATH were able to patiently hold on to the bitcoins for that long, they may have profited but not much as the price of bitcoins touched $72k this year, which is only a few thousand more than the previous ATH.
It might be foolish for us to buy bitcoins when bitcoin reaches ATH because then the price of bitcoins starts to fall like it has been this year. Even before that i.e. in 2021 when Bitcoin touched it ATH the price of Bitcoin began to decline steadily. But for those who bought bitcoin during ATH this year I think they still have time to profit because bitcoin halving will happen this year then the market will definitely change.

Actually buying at a ATH has never been Ideal enough because you will have to wait much longer than others who bought at the dip will before they will be able to start getting profit, normally the dynamics of Bitcoin totally has been an upwards movement with some occasionally correction which depending on the time frame of analysis do last through some period of time, and your preference in this determines how well you are going to be profitable in the total movement, so if you are buying at the ATH which usually shows some kind of exhaustion of the strength of the bulls pushing the market upwards, you will have to wait till there's a correction and it's over with before attaining your point of entry and then proceed into profits and some time this can actually take a whole long time and you may loose your portfolio if you don't have. A really big one.

It's always better and safer to buy at lows, corrections where you you will not have to wait for a down ward movement before coming to your point of entry and then profitablity. Buying in deeps helps you get in to profit quick enough and that has always been the main reason behind the buying of the coin, so they appreciate and turn out profitable for us. So whenever you are looking forward to buy a crypto asset, make sure to buy at the low and if it's high already be patient and wait for another low do not allow FOMO to causes you your portfolio.

Yes, taking profits at some point is also vital. But that won’t mean that you have to sell all your coins in exchange for stable coins, there are bigger profits waiting ahead so reserve some of your coins for future profits. But for those who miss the opportunity of not buying earlier, I guess until we have but reached bitcoin halving and bull run, opportunities are still there. Although the risk is quite high, but we all know it’s always worth taking risk with bitcoin in the end.

I have also seen that. People still end up panic selling when they are seeing bitcoin price drops drastically and end up deciding to sell even at a lower position. Once you resort doing that, accept already that you’ll end up losing from your investment. However, there are still rare people who manage to be patient and hold their coins like there’s no plan of selling. And it’s obvious that they’re already in profits right now if they decide to sell. But I guess people like them will still wait for the final bull run, and will not waste the opportunity of selling their coins before bitcoin bull run event takes place.

Bad decisions in the past because buying at ATH prices above $60k would have gotten worse if they hadn't held it.
Whereas now that the ATH price has exceeded the price of $73k, those who are too FOMO will buy at a high price again,
this cycle will always happen to people who only follow FOMO.

People who were able to hold their Bitcoin when buying in ATH last year to date are certainly quite great at holding back in the long run.
They really have to seize the opportunity this time to double their long-overdue profits.