What is that one reason that motivates you to invest in bitcoin even at ATH ?

[Ben Barubal]

Bitcoin touched new ATH in 2024 of around $69000. There is fear in some investors that there can be a big correction from here. But, there are many investors who are still investing in bitcoin even if the prices are near ATH. What is your one primary reason to keep investing in BTC even at these levels.

I am doing this because I am positive with the ETF news. It is resulting in major adoption to users who were earlier reluctant to invest in bitcoins.

         Isn't his new ATH now up to $74,000? Then, when it was reached, there was a correction that we are still experiencing in the market now.
The speculators are having a bit of a hard time predicting when it will actually have a rally in the market.

        And it's also difficult to read the market because it's really unpredictable. It's just that what I still see right now is that we are still in the
consolidation period in these instances.

[bSpend]

Bitcoin touched new ATH in 2024 of around $69000. There is fear in some investors that there can be a big correction from here. But, there are many investors who are still investing in bitcoin even if the prices are near ATH. What is your one primary reason to keep investing in BTC even at these levels.

I am doing this because I am positive with the ETF news. It is resulting in major adoption to users who were earlier reluctant to invest in bitcoins.

Let's assume that it was now that Bitcoin recorded its new all time high of this year 2024, I personally will still buy more bitcoin if I have some extra cash laying around I have nothing important to do with in the coming years, I will invest it all in bitcoin because, I honestly believe that this growth is the starting point for bitcoin, with bitcoin spot etf already approved in the US, and more countries to also approve their own bitcoin spot etf very soon as time progresses, it's imminent that Bitcoin will be extremely valuable and may worth above hundreds of thousands of dollars if a million dollars and above isn't attained or reached.

So, in essence, the already seen growth, and the potential growth of bitcoin in the future is one of the reasons why I will never stop buying bitcoin even if it's close to it's all time high - there is still a lot of room for more and much more growth.

[Makus]

Bitcoin touched new ATH in 2024 of around $69000. There is fear in some investors that there can be a big correction from here. But, there are many investors who are still investing in bitcoin even if the prices are near ATH. What is your one primary reason to keep investing in BTC even at these levels.

I am doing this because I am positive with the ETF news. It is resulting in major adoption to users who were earlier reluctant to invest in bitcoins.

It's obvious that after the bull we experience there would Na a price correction after the halving takes place, and I think we are actually experience the price correction but it's not yet intensive as predicted by some folks. However those who sold their Bitcoin might be trader who can utilise more profit by buying in the dip, but those who buy even at the ATH, they are those who have come to understanding of Bitcoin network and have seen the how trustworthy the network is. In fact, I can attest to the fact that they are not being Freaked anymore when the price dips or pump.

[Iranus]

If you look closely you will see that Bitcoin price was close to $74k this year where you mentioned that Bitcoin price will touch $69k in 2024. The price of Bitcoin dumped the market after touching the milestone of $74k, which was the highest price touch in the history of Bitcoin. Bitcoin has never touched this milestone before so many fear that if they buy during the peak price they may suffer later I would say to them that Bitcoin may have hit the peak price before. And from that time to the present but the market has changed a lot positively, there is no doubt that the market can go from the present condition to a better condition in the future. So those who have an investment plan can invest if they want and wait and invest and hope the results will satisfy you.

Those who were unlucky enough to buy bitcoin at $74k recently don't need to worry too much as the real bull season is yet to come and bitcoin is still likely to reach the $100k mark in the near future. But that doesn't mean we should invest in bitcoin recklessly or blindly, buying bitcoin at ATH or at too high a price is really not a wise idea. We should limit Fomo and buy when the market is rising, and instead we should wait for bitcoin to adjust to a better price before buying.

In investing, a good asset is not enough to bring us the best profits, we need the right time to buy and sell. If we buy bitcoin at 74k$, the profit will be no better than those who buy bitcoin today when its price is 60k$.

It's crucial to approach Bitcoin investing with caution and strategy. While the market may still have potential for growth, buying at all-time highs can be risky. Timing is key, and waiting for more favorable price levels can be a wise move. Investing thoughtfully and avoiding FOMO can lead to better long-term outcomes.

As I said before, a good asset only helps us minimize risk but cannot guarantee us profits. The necessary and sufficient condition to ensure profits for us is that we need to have the right time to buy and sell, and with a good asset.

What I see is people just shouting and emphasizing that bitcoin is a good, potential asset...and they naively think that just buying it will automatically yield profits and make them rich. But they don't know that bitcoin is just a financial market, and there will be winners and losers. People who buy at too high a price or at an ATH price only become liquidity for others, not helping them make a profit. It's true that they could have held and waited if they bought at ATH, but when they broke even, many others had made many times their profits. So buying when the price is at ATH or buying because of Fomo is not a smart investment strategy.

[Bushdark]

I think many if us invested in Bitcoin at all time high and that was because of the speculation that describes Bitcoin to be on it way to the bull market. Many investors were deluded started buying and holding Bitcoin and altcoins with the hope that price is going to do better.
Many investors are still in shock seeing the price of Bitcoin falling to the level that it's now.
Although this could looks like a big disappointment but all we have to do is keep holding and waiting for the better time for harvesting.