Who were the morons that bought 60k bitcoin? - page 2.

XCANA

full member

Activity: 1456

Merit: 148

Quote from: cocoadreamboy on June 06, 2021, 10:31:18 AM

I'm just curious.... Or didn't sell 60k bitcoin? or 50k or 40k

we all gotta learn our lessons

So many say all sorts of negative thing against those who fail to sell their holding at the peaks of 2017 but what will such people say as at the Bitcoin current price or when it was at $60k. I believe you are using your own life experience to make judgement for other people who wish to hold as long as 10 years to come. Not everyone are in same condition as you are Dude.

kapalmabur

sr. member

Activity: 2002

Merit: 250

Quote from: Lorence.xD on June 11, 2021, 05:49:46 AM

Is it self-gratifying for you OP to call the people who bought at 60k morons? If so then you are probably a pathetic person because that's what pathetic persons do, they try to make you stupid when they are the one that has the problems.

people who don't have insight and education are like that, even though there is no problem buying bitcoins above $50k,
because this is an asset not gambling!, it's very sad that the OP gave bad statements about people who bought over $50k,
I hope he can realize and admit his mistakes in this thread

Lorence.xD

sr. member

Activity: 1624

Merit: 315

Leading Crypto Sports Betting & Casino Platform

Is it self-gratifying for you OP to call the people who bought at 60k morons? If so then you are probably a pathetic person because that's what pathetic persons do, they try to make you stupid when they are the one that has the problems.

Ararbermas

sr. member

Activity: 1988

Merit: 283

Despite of some negative news you still want to grab some bitcoin? Lol indeed even 50k is enough reason to dump during the downtrend wherein no more excuses because its very obvious and that time there's a full of criticism around the internet so who will gonna think it can bounce back immediately? Seems a big mistake. Grin

if you knew how this things can easily manipulated in such ways perhaps you will not insist that it can survive especially despite of the negative news that exist after those whales published some article about how dangerous the situation of bitcoin at the all time high value..

coin-investor

hero member

Activity: 2814

Merit: 571

Leading Crypto Sports Betting & Casino Platform

That's adding insult to injury calling them morons, who would have thought Bitocin will drop drastically after reaching that high, no one can't tell, they only have two choices and that is to cut their losses and wait for Bitcoin to make a huge pump again, the latter is the better choice between the two, have to extend their patient and consider themselves as HODLERS.

elisabetheva

full member

Activity: 1708

Merit: 105

Quote from: cocoadreamboy on June 06, 2021, 10:31:18 AM

I'm just curious.... Or didn't sell 60k bitcoin? or 50k or 40k

we all gotta learn our lessons

why should there be any doubts about bitcoin, we've had that kind of thing when it happened in 2018 where there was a correction that never went up again and a lot of people regretted not taking action to sell at $15K, $10K, $5K, which could make something at least still be able to benefit.

but after 4 years later it was refuted and the fact the price could even be several times the price in 2017 and it was real and actually there was no need for excessive fear. that doing nothing while prices are still high is nothing to be afraid of, that it will happen again in the next 4 years and will be the same as it is today.

in fact I have not seen that bitcoin is finished but is preparing for time to increase again and must remember that there is still a long time until the end of this year, be patient to wait and must remember that there will be no loss for holding it, because in time it will change that.

Fortify

legendary

Activity: 2632

Merit: 1172

Quote from: cocoadreamboy on June 06, 2021, 10:31:18 AM

I'm just curious.... Or didn't sell 60k bitcoin? or 50k or 40k

we all gotta learn our lessons

Hedge funds and investment managers working for billionaires were all involved. They could read the way the wind was blowing, were able to sell it to their clients who have so much money that they don't care if they lose a few million when they had the chance to make back many times that. The alternative is letting your money sit in a bank which is losing money to the inflation rate, so if they are diversified and this small portion of their money is able to help their average up by one or two percentage it can make a huge difference. There were also a lot of small scale investors who simply got caught up in the hype and end up riding the waves made by the whales beneath the surface. I would say feel sorry for the small scale investor but they are often led by greed and do not have the long term patience that is critical to decent performance over years.

stomachgrowls

hero member

Activity: 2828

Merit: 767

Quote from: magneto on June 10, 2021, 06:26:07 AM

Chill.

The current market cycle might be over but that doesn't mean that bitcoin all of a sudden has no long term value.

I personally think that if you were a swing trader or a day trader, then you should have definitely sold at near $50-60k. But if you were just a retail long term investor, there is no reason to panic just because you haven't sold at those heights or bought in.

BTC has proven its long term resilience over and over again. There is no reason to believe that institutional adoption is going to abruptly end now.

Depends on your target because not all would really be having that kind of perception.

Some said that it is over since they had entered on peak price and some wouldnt really care as they are accumulating coins for long term.

Each investor does have different mindset when it comes to that and i cant called those fellas who bought on 60k as morons but rather those are
strong believers but cant deny that there are people who just got tagged along with FOMO.

magneto

hero member

Activity: 1666

Merit: 753

Chill.

The current market cycle might be over but that doesn't mean that bitcoin all of a sudden has no long term value.

I personally think that if you were a swing trader or a day trader, then you should have definitely sold at near $50-60k. But if you were just a retail long term investor, there is no reason to panic just because you haven't sold at those heights or bought in.

BTC has proven its long term resilience over and over again. There is no reason to believe that institutional adoption is going to abruptly end now.

Questat

hero member

Activity: 2800

Merit: 603

Quote from: TastyChillySauce00 on June 10, 2021, 12:31:37 AM

everyone calls the last guy who gets FOMO'd in the 2018 market who bought at ATH a moron, or an idiot but few years later these people who trying to insults are the real moron and the person they called moron just make more than 3x ROI just within few years, lets see how things will play out 4 years forward because im pretty sure holders always win at the end of the day.

They apparently missed the train but they catch it as it backs again. I know many had missed the $60k as they were expecting $80k, $100k, and more. many could say they are morons but yeah, they might be getting more if they never sell it and wait for the next Bullrun. But the question is if these people are still holding it or they just sell it after hearing those FUDS.

TastyChillySauce00

legendary

Activity: 2954

Merit: 1028

Leading Crypto Sports Betting & Casino Platform

everyone calls the last guy who gets FOMO'd in the 2018 market who bought at ATH a moron, or an idiot but few years later these people who trying to insults are the real moron and the person they called moron just make more than 3x ROI just within few years, lets see how things will play out 4 years forward because im pretty sure holders always win at the end of the day.

vapourminer

legendary

Activity: 4298

Merit: 3505

what is this "brake pedal" you speak of?

Quote from: philipma1957 on June 06, 2021, 08:29:04 PM

Quote from: adaseb on June 06, 2021, 07:32:25 PM

I am pretty sure nobody sold their BTC at $60K. People either sold some at $20K or $25K or $50K. People were probably going to sell at $75K or $100K. Same like in 2017 nobody sold at $19.9K because they wanted to sell at $20K

It’s difficult to predict a top whether $64K was a top or not. Either way. Most people shouldn’t of been buying Bitcoin at $64K anyways. They should of either bought it during the bear market at $6K or maybe after it broke $10K or maybe after $20K ATH was breached. Longing tops is never smart.

I sold some at 60 k +

same, sold at up to ~62k and wasnt trying to time anything, its just what my ladder was set at. i think ~65k was next on the sell ladder then. i still have others beyond that cuz well honey badger.

smyslov

sr. member

Activity: 2002

Merit: 269

We should thank these people who still bought Bitcoin when it is hitting $50k it's risky but these people are taking a risk at moving the price of Bitcoin, I believe these people are not newbies and they just keep adding more Bitcoin to their portfolio, we really never know if they are buying because they have sold all their Bitcoin after making a huge profit, we should not call them morons if we don't have people like them, Bitcoin will be in a standstill or fall.

cocoadreamboy

jr. member

Activity: 378

Merit: 5

Quote from: jaberwock on June 09, 2021, 12:38:08 PM

I just do not care if they bought here or there or any price and if they hold or sold or whatever. I just think that people are making out those who bought at 60k as "morons" for nothing, it is really a horrible thing to do and it is indecent. You should not care where people bought, because no matter what ATH is, there is more to be made in the future.

When we broke over 20k people still bought and that is how we became 30k, when we were 30k people still bought and that is how we became 40k, when it was 40k people bought and we became 50k which means you have to buy at 60k so we can be 70k and that is what people were doing and I do not think that it was a bad move, sure we dropped and when we look at it right now you will think that it is a bad move but the reality is that at the moment that was a good thing to do because bitcoin was in a bull run.

They are morons little girl lol All you 20k idiots forget BTC hit 3.5k later that year. MORONS lolololololol

jaberwock

legendary

Activity: 2520

Merit: 1073

Quote from: South Park on June 09, 2021, 10:50:40 AM

It is all a matter of perspective if they were dumb enough to sell their coins for less than that then I will agree with the characterization you made out of them, but if they are still holding their coins then they will do fine, in fact I think there are good enough chances that those people will not only recover their money during this year but that they do in fact make money with their investment, but this can only ever become a reality if they decide to hold their coins no matter what.

I just do not care if they bought here or there or any price and if they hold or sold or whatever. I just think that people are making out those who bought at 60k as "morons" for nothing, it is really a horrible thing to do and it is indecent. You should not care where people bought, because no matter what ATH is, there is more to be made in the future.

When we broke over 20k people still bought and that is how we became 30k, when we were 30k people still bought and that is how we became 40k, when it was 40k people bought and we became 50k which means you have to buy at 60k so we can be 70k and that is what people were doing and I do not think that it was a bad move, sure we dropped and when we look at it right now you will think that it is a bad move but the reality is that at the moment that was a good thing to do because bitcoin was in a bull run.

ShowOff

legendary

Activity: 2590

Merit: 1178

Bitcoin is a volatile asset and its price will never be stable. I wouldn't say those who bought at $60K were stupid because now the price is down almost 50% because maybe they are quite confident in the analysis they are making. As long as they are willing to keep it for the long term then they will not lose the bitcoin they have bought but it is true that they have lost almost 50% of the invested capital.

People believe that history can repeat itself and the situation with bitcoin today may be almost the same as it was in 2017. If 2017 ATH has broken in 2020, then $64K ATH in 2021 will also be broken in the following years. So nothing is impossible, I'm sure history will keep repeating itself. Why should we call him morons?

South Park

hero member

Activity: 2856

Merit: 794

I am terrible at Fantasy Football!!!

Quote from: cocoadreamboy on June 06, 2021, 10:31:18 AM

I'm just curious.... Or didn't sell 60k bitcoin? or 50k or 40k

we all gotta learn our lessons

It is all a matter of perspective if they were dumb enough to sell their coins for less than that then I will agree with the characterization you made out of them, but if they are still holding their coins then they will do fine, in fact I think there are good enough chances that those people will not only recover their money during this year but that they do in fact make money with their investment, but this can only ever become a reality if they decide to hold their coins no matter what.

xSkylarx

hero member

Activity: 2352

Merit: 593

Even if some people bought at that price they won't lose anything as long as they have strong hands to hodl. Just like the people who bought bitcoin at $20k way back 2017, after many years of bear market it already broke that price last year and already made a new high of $65k. During bitcoin's rally, it has really been unstoppable so we can't blame those people if they bought at that price. Buying bitcoin is not just a short term-goal, it has a limited amount of supply but its demand is continuously increasing so $60k per bitcoin could still be cheap few years from now.

YuginKadoya

legendary

Activity: 3038

Merit: 1169

Quote from: ene1980 on June 07, 2021, 12:52:07 PM

The inexperienced always gets stuck most of the time, i have no idea who will be willing to invest when the market was rallying but you need to understand that there are new users entering the market and they will always make mistakes that will take a long time to recover. All they need to do is to hold for the long term rather than panicking and average their entry by investing whenever the market goes down and that is the only way they are going to recover that.

Yes! most of the time they are buying on the hype and the market is on the green field, but I am not saying that it is good or bad in buying in every bull market it depends on the situation because mostly all are selling on this kind of cycle, and only buying the dips, and if they got stuck holding is a better solution than selling your asset into oblivion, we cam say that they should not have the fear on missing a cycle on cryptocurrency because the opportunity is still there you just need to be patient with it.

MCobian

full member

Activity: 1190

Merit: 117

Quote from: inanilujimi on June 08, 2021, 05:50:03 AM

real idiots buy Bitcoin for $60k and sell for $35k. basically I believe the potential of bitcoin can continue to exceed the ATH it makes, learned from the experience of 2017 only true holders will benefit and not for weak hands.

A person who buys Bitcoin at $60k is not stupid if he doesn't sell it at a loss. Because most people when buying Bitcoin at a price of $60k,
then the Bitcoin price falls, then they will panic and sell the Bitcoin they have. Therefore, if we include people who bought Bitcoin at a price of $60k,
and now Bitcoin is still under the price of $40k. Don't panic and sell it, because if we don't sell the Bitcoin we have it means we haven't suffered a loss.
We have to be strong hands, by still holding the Bitcoin that we have if the price drops.

Topic: Who were the morons that bought 60k bitcoin? - page 2. (Read 707 times)