If you had bought the previous ATH you're on profit - page 5.

South Park

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Quote from: Ayers on March 15, 2024, 09:09:41 AM

Quote from: adaseb on March 14, 2024, 11:31:30 PM

I know many people personally who bought bitcoin above $60K last cycle and guess what. Almost all of them have sold.

Some sold in the $30K area where it looked like bitcoin was going nowhere. And the rest sold after the Ftx collapse where it looked like bitcoin would go to $10k again.

I am pretty sure there are rarely any people who are in profit now who bought in 2021.

This is not surprising because I think the people willing to buy bitcoin for $60k or more are mostly newbies. They are greedy and ignorant about the market because if they are experienced investors, they will realize that that time is the peak of the bull season. And buying at that time is much riskier than the profits they will receive. But buying bitcoin for $67k now is completely different than in 2021 because we are at the pre-bull cycle and not near the end of the bull cycle like in 2021. So, buying bitcoin right now is quite safe and the profits are worth the risks we have to trade off.

It is because of this that we cannot just take a look at the price to determine if buying at that moment is a good idea or not, buying above 60k on 2021 is completely different than buying above 60k on 2024, at the time it was clear that we were at the limits of what the price of bitcoin could achieve, so anyone buying at that time was making a terrible decision, while anyone buying above that price now is in fact making a good move, since the bull market is just starting and we expect for the price to go much higher during the next months.

goaldigger

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Those who are trap before can finally enjoy the profit today but only those who chose to stay and hold.

Another proof that the cycle continues with cryptomarket that after hitting the bottom rock, the market will fly again on its own.

If you missed the bear market, don’t worry you can still have the chance in the next cycle and more halvings to come, for now jut be cautious with your investments and choose to take profit.

AVE5

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If we buy our bitcoins without minding the price then it's like abolishing the DCA accumulation method and it's not a good one for for Petty of little funds of Investors although, buying and accumulating of bitcoin shouldn't be prioritized on a particular price just as you said Op, whether you buys at a lower or higher prices but you could hold for long l, then you'd definitely make it profitable when the market rises because the bull run volatility potentials of bitcoin is to keep beating its past ATH so even if you buys at a current ATH, you never bought an All Time Future ATH. So, no don't need to panicking and don't feel so bothered or fears when you buys at a high value of Bitcoin.

Ayers

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Quote from: adaseb on March 14, 2024, 11:31:30 PM

I know many people personally who bought bitcoin above $60K last cycle and guess what. Almost all of them have sold.

Some sold in the $30K area where it looked like bitcoin was going nowhere. And the rest sold after the Ftx collapse where it looked like bitcoin would go to $10k again.

I am pretty sure there are rarely any people who are in profit now who bought in 2021.

This is not surprising because I think the people willing to buy bitcoin for $60k or more are mostly newbies. They are greedy and ignorant about the market because if they are experienced investors, they will realize that that time is the peak of the bull season. And buying at that time is much riskier than the profits they will receive. But buying bitcoin for $67k now is completely different than in 2021 because we are at the pre-bull cycle and not near the end of the bull cycle like in 2021. So, buying bitcoin right now is quite safe and the profits are worth the risks we have to trade off.

Nrcewker

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If you add “If” in many places, then definitely you would have been Elon Musk by worth till now. Many have missed many potential time to buy the coins in cheap. At that time everyone just undervalued the coins, for which they didn’t make the deserving profit. Nothing can be done what happened in the past. If people still want to make profits, then if they buy now also, then can make decent profit. The people just need to show faith in the coins.

Volimack

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As far as I understand the market is in a very good position. If you think about profit while buying ATH, it will not be possible to make much profit. Now getting more profit than previous ATH buy. All the investors I know are predicting that Bitcoin will go to $100K now that Bitcoin will still give good long term returns. A bull run is going on in the market the price of Bitcoin will continue to increase.

adaseb

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I know many people personally who bought bitcoin above $60K last cycle and guess what. Almost all of them have sold.

Some sold in the $30K area where it looked like bitcoin was going nowhere. And the rest sold after the Ftx collapse where it looked like bitcoin would go to $10k again.

I am pretty sure there are rarely any people who are in profit now who bought in 2021.

Marvelockg

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Although buying in an ATH isn't the best option, I totally understand the angle you're coming from. What stands now as an ATH will become the bearish season in the next five to ten years time as shown from the pictorial representation you gave and someone that buys even at $80k will still be in profit when bitcoin finally hits $100k and above.

But this doesn't mean you should wait only to buy during an ATH, remember you are looking at the best time to possibly buy that will put you at a good profit. If you are buying with the DCA merhord, it's understandable if you still buy in an ATH because you would normally want to continue in youe routine and because its actually an accumilated purchase, your dip purchase will counter your bullish purchase whish will still put you in a good profit in the long run but generally, buying during a given ATH will mean that you have to wait lonher untill bitcoin breals a new all time height.

Dailyscript

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Quote from: el kaka22 on March 13, 2024, 01:38:03 PM

Well, I would say anyone who is smart enough to hold between two ATH's would also be smart enough to buy some along the way. Think about it, if you bought at ATH and still holding, then it means you trusted bitcoin to go back up one day, if you think that it will go back up one day, then why wouldn't buy it when it is even cheaper?

It would only be logical, someone who thinks it will be 70k one day, will want to buy when it's 20k or 30k or even 40k, and that means their entry point might be ATH but they probably lowered their average purchasing price. This is why I believe that it's quite good to have investments like this. I know that it takes a while for people to have some different results, but it should not be a loss if they held.

Such an investor is a worthy one, and he deserves better. It is difficult for people to believe in bitcoin these days, like the only perception they have of it is that it can make you reach overnight or that if you just invest in it, it's going up. The only people who truly believe in bitcoin are the investors who bought bitcoin at several intervals, waited for long regardless of the volatility and fearful price fluctuation, to name a few. Yes, this investor still holds on firmly to their bitcoin, believing that this day will come.

As we are talking right now,. There are investors bagging more bitcoin in this ATH season. If you ask them the reasons, you will be amazed because they know cryptocurrency is the future, and if any cryptocurrency is first to bring that change, then it will be bitcoin. Someone told me that he knew someday bitcoin would reach 5 million dollar's for one but he wont be alive to see it that is his anger.

Obim34

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Quote from: Wapfika on March 13, 2024, 08:45:06 AM

Quote from: Dailyscript on March 13, 2024, 07:12:23 AM

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.

Are you suggesting that buying on the previous ATH has more chance to enter rather than buying at bottom(below previous ATH)? You have a lot of time buying below the previous ATH compared to buying at peak. I purchased most of Bitcoin on 20K level after the price recovers from the 14K bottom.

Don't get him mixed up, his only making reference to those who missed the opportunity of buying early, during the DIP and later ended purchasing when Bitcoin has experienced significant price growths. I saw a thread of a guy who had missed buying the DIP due to procrastination and having to wait the market experiencing a more DIP, he met the price at $20k and relentlessly waited the price to DIP even more but unfortunately never did he get that opportuned and now we already at an all time high, would you still recommend him to purchase Bitcoin? Yes it's never too late. Every All Time High is a DIP to another All Time High. Those who had bought at the 2021 all time high are currently on profits as long they maintained their portfolio by holding and even catching more portions of Bitcoin during DIP.

mich

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Well yes that is a good way to look at your profits. I did not think about it like this before. If all of us holders did but it before new ath we did get gains and are in profit.
I do still want to buy more crypto because I am 'bullish'. But we must be ready for a correction to come and it would take out all of our profits.
For me it is a time to wait and just keep making profits form hodling. But if there is a big dip I will use some of my fiat for more cheap coins.

Essential10

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How many people would want to take a new entry at the current price of Bitcoin? Those who bought Bitcoin at past highs may be heaving a sigh of relief as they have now seen a small profit. Bitcoin peak price i.e. currently it has crossed $73k which is the current peak price of Bitcoin, did those who bought at the past high price hold it at this current price or withdraw their money. Those who regularly DCA by buying Bitcoin at past highs are also now in big profits. I think DCA is a powerful tool for building wealth through Bitcoin investing and a successful method for anyone looking to start Bitcoin investing.

MFahad

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Well, I'd say it should be motivation for people who are new to Bitcoin and cryptocurrencies and are about to make an entry, but people who are old and have been around for quite some time, shouldn't be buying at an ATH because they had better opportunities to do so, and if they didn't buy back then and are buying at an ATH, they are not doing things in the right way even if they may become profitable in the next bull run, it still isn't justifiable in my opinion.
So if a person that is old in the market and thinks of long term investments, they should have started buying in portions when the price was lower instead of doing it now as their profits would have been much higher in that case.

pinggoki

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As a long-term hodler, I can definitely attest that it's all profit at the long run, that's why I've always been doing DCA for a long time now and there's no other way for me but to make more money for myself, with all the profit that I've got through the years, it's actually a good thing that I believed in bitcoin despite the scare and FUD when the bear market is on season. But I have reservations about buying at an all-time high or price peaks of bitcoin though, I feel like that's the time that if you're doing DCA, the time that you should be taking it easy and instead save fiat for the cases where there's a possibility of a price correction or massive selling happens, you can easily get more bitcoin that way since you've got the money to buy since you took it easy during the price peaks.

poodle63

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goes to show why spot trading is superior with crypto people could just wait it out letting their floating loss floating unrealized for sometime can make them gain profit instead in the long term game.
same thing with this, in the previous all time high when the price suddenly dumping, people advising that anyone buying bitcoin with spot, could just wait it out until it hits all time high, turns out it was true, well it was true for many times already seeing from the graph so thats definitely not unfounded advise but instead a very informed one if im being honest.
i think the price gonna spike from here on reaching $100k easily then in the future if bearish ever occur the bottom gonna be significantly higher than the previous one probably around previous all time high if im being honest. we will not see price of bitcoin dumping ever again in the future, overall a great feat that bitcoin is achieving, after all the total supply is limited bitcoin is gonna be as scarce as it can get and the price gonna be really high in the future. probably we will see $1m at some point.

Wiwo

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This is what it is, no one wants to buy Bitcoin at an All time high price, it doesn't work that way and sometimes you may end up making a huge loss or having to wait for a long period before you come out of the loss if you buy at all-time high price, which is why many people act along with waiting to see when the price come back to it correction level where they have alot of discount, that way the waiting time become shorter and also easy to get into profits position with that approach of buying low.

Take for example, those who bought at the previous all-time high, hard to wait for this long before making the little profits they are seeing now, and the possibility for them to make more profits within the short term is likely not going to come anytime soon so that the reason why it is a bad idea to buy Bitcoin at a high price if you looking to make good profits in short term or even long terms manners.

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Quote from: Wapfika on March 13, 2024, 08:45:06 AM

Quote from: Dailyscript on March 13, 2024, 07:12:23 AM

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.

Are you suggesting that buying on the previous ATH has more chance to enter rather than buying at bottom(below previous ATH)? You have a lot of time buying below the previous ATH compared to buying at peak. I purchased most of Bitcoin on 20K level after the price recovers from the 14K bottom.

The thing is, bottom buyer have the possibility to not buy Bitcoin because they think it is too expensive, so I understand @OP's statement. Whether they have a lot of time buying below the previous ATH or not is not the issue, the issue is their thinking that they are not buying Bitcoin at certain price range, and they will only think it is worth buying if the Bitcoin price hits their target price which often times does not happen thus the reason of missing the chance to buy.

Quote from: Wapfika on March 13, 2024, 08:45:06 AM

It’s true that if you just hold even if you purchased on previous ATH you will jot be in profit but this is the most terrible idea rather than cut loss and purchased at the bottom because you will have more profit. You don’t have unlimited time to wait for many years and just earn 10% of your investment while easing the pain of your sever losses back to the time when the price is on the rock bottom.

True that, but many people are driven by hype, we cannot deny the fact that more people are buying when the Bitcoin price is surging than when Bitcoin price plummeting. We can see that in the volume of Bitcoin trades during the bull and bear market. So at least for those ATH buyer, their wait had became fruitful and they can be able to say that they are in profit when Bitcoin breaks its ATH these past few days. And that is a very good thing because at the moment Bitcoin breaks it previous ATH, it is the time when we can say that Bitcoin investment is 100% profit for those who have patience.

South Park

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Quote from: Dailyscript on March 13, 2024, 07:12:23 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.

I cannot really agree with this idea that buying at the ATH is not that bad, buying at that moment is really bad, it is true that if you just take a look at the charts, it can be very easy to think that since we know bitcoin will at some point recover, then the only thing a person has to do is to wait for a few years before turning a small profit, but a lot can happen during those years, economic crisis, health issues, losing your job and many other things which could force you to sell, investors have to make the effort to buy at the best possible time, so not only they can obtain more profits, but also they have more room to maneuver in the case their life does not move according to their expectations.

Jating

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Quote from: Dailyscript on March 13, 2024, 07:12:23 AM

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.

This is what we call long term holder, and those investors who really knows or at least have a good strategy on how and the why of bitcoin investments or accumulation. Also if anyone is not aware of, JJG Sustainable Bitcoin Withdrawal Strategy by our very own @JayJuanGee. You might want to take a look at it because I'm pretty sure, everyone will benefit as this is base on JJG experience as a long term Bitcoin holder.

Quote from: Dailyscript on March 13, 2024, 07:12:23 AM

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.

Right, but the thing with this strategy is that you keep on waiting for the dip, and there is a question on what if the dip didn't happen? So for me the best strategy is just do DCA and have the mentality to stay in the game for the long haul of it.

_BlackStar

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Quote from: 2Pizza410000BTC on March 13, 2024, 05:58:21 PM

Quote from: Dailyscript on March 13, 2024, 07:12:23 AM

-snip-

Based on the current price of Bitcoin, everyone is in profit, including those who bought Bitcoin at the previous ATH. Because the previous ATH was $69000 which is the highest price for the past years but currently it has exceeded $73000 which is the all time high price of Bitcoin. But I think the biggest gainers here are those who bought from the highest dips like between $15,000 and $17,000. I am now in profit because I invested in bitcoins using DCA method. I found DCA method to be the most successful.

Anyone has made a profit now - especially since bitcoin has been at its new ATH. I'm not worried at all to say that any investor would get more returns if they were willing to hold on to their bitcoin longer - but it would be a good idea to sell some of it now because it could be that the price will correct for a while before it recovers.

Many users here say DCA and DCA - but I'm not sure they actually do. Many of them just say it's a good strategy - even though they don't use it except by trying not to sell bitcoin from the proceeds they get from signature campaign.

Topic: If you had bought the previous ATH you're on profit - page 5. (Read 980 times)