Topic: If you had bought the previous ATH you're on profit - page 6. (Read 1040 times)

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.

There would really be no issues if you are really just having those plans that you would really holding up for long term on which having those entry points wont really be that much in concern since you do know deep inside that this is something that you are after since you are really that going for long term. You've been that confident that the price would be going upwards no matter what.

With the current price that we do have on BTC now then we can really say that it is really that actually too high or expensive for someone to buy but considering that we can
buy in fractions then it should really be just that fine. It is really just that there are people who are really that too skeptical on things that they've been seeing without
even trying out to realize about into its potential.

This is the best advantage of DCA that only few people have been aware. Buying bitcoin gradually does not basically mean that you have to start buying at its dips, sometimes you have to think for long term as well that even if you buy at its ATH, the fact that you are still inclined to hold it for long term, then you won’t still be at loss but definitely see yourself in massive profits when a new ATH arrives. Although this might be highly risky and majority would still be fearful, but if you have faith in bitcoin and you are only investing at the amount you can afford to lose, then you have really nothing to worry about.

     That's right, even if I were the previous holder who got stuck with my holdings at the previous ATH and only held it for a few years, I still wouldn't sell it, even though I see that it will achieve at least $100,000 per bitcoin. I'll just keep it there. will sell, especially if I bought more than 1 bitcoin at that time, of course.

     But there are some who have exited, maybe because their profit is big for them and they may be satisfied with that, and that is their choice, of course, and we respect that for them too.
However, for me now I will continue to do dca for the assets I want to accumulate.

I'd say the point of buying at any point, either low/high is only good if you were doing DCA in the first place. After all, the money always enters so at some point if the price gradually goes up you would've profited plenty either way, it would just take more time. If you weren't doing DCA, then you either forgot about it or sold when it crashed, accepting the loss.

On the other hand, people who fail to invest and try to find the bottom can be said to be looking at the market with a narrow point of view, possibly on a weekly/monthly pov. Otherwise, they would've started DCA or at least invested at some point between when the market was at or below $20k since most people who'd invest would probably start comparing the current price from ATH as a point to compare. At least that's how I started.

That's right, MicroStrategy did it and they never cared what the price of bitcoin was when they bought it. Such an investment strategy allows the investor to obtain a lower average value than the single investment he holds, thereby giving him more profits than leaving it without further investment.

In fact, DCA has provided a good opportunity for all investors not to wait too long for high prices to take profits. I mean, if someone buys 1 bitcoin for $69k and they also buy 1 bitcoin for $16k, then today they have earned a pretty good return. DCA is a great option for anyone, it will improve the portfolio and the opportunity to get faster returns.

What you mentioned about buying without thinking about the upper and lower prices is that the DCA method is more appropriate, many people accumulated from the $20K price and now have made a pretty good profit, maybe they will continue to hold on until the price is even higher.

Buy Dip is a good plan, if you have a large capital then be brave enough to do it, I myself lean more towards the DCA method because it is simpler to do without thinking about what price to enter.

Those who bought ATH before, have returned capital at the beginning but I think they will still HODL.

This actually is the best option to buy, especially if you're not one that is on my drawn to Bitcoin by rising price and traffic around it. If one has been buying consistently every month since the last ATH, their average price per unit would be much lower than the last ATH and they'll have gotten massive gains already with the current price.

Trying to time the bottom can work out if you know what you're doing and have a readily available stash of capital to spend, but for a newbie, DCA is the best option.

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.

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.

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.

Absolutely agree with whatever you have mention because I have experienced it, whoever would have purchase last time but all time high and did not sell it till now will be in profit but very few would have that much patience apart from long term investors and being the second type of investors who buy in dip is really difficult as you never know the rock bottom and very few would succeed in this too.

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.

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