BTC NEW ATH!. Another reason to accumulate when others are fearful

[DubemIfedigbo001]

Guys who sold or refused to buy during the dips are newbies to the bull season, Informed people who were in for short-term gains bought the dip since they knew bull run was not yet over. Lots of ignorant people thought we were already in bear season and only got awakened with the price appreciation and FOMO is setting in, now when they get into the market, they would still be overcome by fear of volatility and when there is a slight negative price correction, most of them would still end up selling in loss, still within the bull season.

[Botnake]

The higher the bitcoin price achieved, the more people will enter the market and resort into panic buying. This has happened already in the past, so I won’t be surprised if I witness the same scenario.

Bitcoin’s performance has been extremely good in the past couple of days, but we all know this isn’t always the case. But I believe this is a good time to buy before bitcoin will skyrocket again and reach its new heights. I know this kind of reminder has been said a lot of times, but still new investors are still aren’t cautious about it.

[SUPERSAIAN]

I don't know much about technical analysis but I know that there is a cycle to this business, when it is cheap, you should buy more and save and in such times of rise, you should be patient and smart. When the price of Bitcoin dropped to 76k, everyone was making calculations to buy it if it would drop a little more.

I think it will not return to the price of 76k for a long time, maybe it will come in the next bear season. Right now, it feels like a new beginning, Bitcoin will continue to rise in the long term with corrections.

[Becassine]

It is clear that with such volatility, people who manage to read the charts and if these charts correspond to what is really going to happen (I still have the impression that many people are wrong), there is really room for big profits. When you know nothing about candles and other signs, the best is to do DCA quietly, when you have some FIATS to invest. That way you have no regrets.

[philipma1957]

It is clear that with such volatility, people who manage to read the charts and if these charts correspond to what is really going to happen (I still have the impression that many people are wrong), there is really room for big profits. When you know nothing about candles and other signs, the best is to do DCA quietly, when you have some FIATS to invest. That way you have no regrets.

Dca can reduce risk a lot.

Also ends a lot of decisions which is big.

[Publictalk792]

The higher the bitcoin price achieved, the more people will enter the market and resort into panic buying. This has happened already in the past, so I won’t be surprised if I witness the same scenario.

Bitcoin’s performance has been extremely good in the past couple of days, but we all know this isn’t always the case. But I believe this is a good time to buy before bitcoin will skyrocket again and reach its new heights. I know this kind of reminder has been said a lot of times, but still new investors are still aren’t cautious about it.

This is very common thing in crypto market when Bitcoin price goes up people mostly get worried they will miss out. So many new buyers jump in sometimes even panic buying. As you said this has happened before so it would not be surprise to see it again.
It is also true that just because Bitcoin has done well lately it does not mean it always will. Your idea that now might be good time to buy before it goes up even more is something many people who believe in Bitcoin for long term feel. You are right that advice to buy before it skyrockets is heard mostly. But new investors can still get carried away without fully understanding risks.

[Darker45]

Those who accumulated even at the $80,000 level were doing it perfectly right. There were those who waited for a much lower price, perhaps $70,000 or below. They all missed the bus. That's the price for trying to find the lowest point before buying. In reality, it's very difficult to buy at the bottom. You can't easily time the market like that. You'd end up not buying at all.

And then they refused to buy at $80,000 believing it would still go down. The same when Bitcoin hit $90,000, and then when it hit $100,000, and then at $105,000, and so on. And they won't buy at an ATH either, because it's an ATH. The price then rose to $110,000 and then above $111,000. They're still keeping their money for a big swing. Well, we're on the road to $120,000.

[michellee]

Yes, those Bitcoin holders are happy seeing Bitcoin break the last ATH. Bitcoin now stay at $110k after reach $111k but that will not be a problem because Bitcoin will rise more. This rising will not stop and $111k is not the last ATH that can happen.

If you buy when Bitcoin below $70k, you are making a big profit now. But you still have a chance to buy Bitcoin especially if you use Bitcoin as a long term investment. But if you want to buy now, maybe you can wait for a second until the correction come so you can buy at lower price.

Right now, I just monitor the price moves while I still continue investing in Bitcoin using DCA.

[Luzin]

Right now, I just monitor the price moves while I still continue investing in Bitcoin using DCA.

Most people regret that the price has gone up, but they also regret that they didn't buy when the price was lower. For those who have free money I think the most appropriate accumulation of Bitcoin amount in the current position is DCA. This means buying gradually at a certain price. Of course there are techniques that must be understood and patience to run this model. But for me at this time I am trying to accumulate the amount of Bitcoin by trading. So I only trade to increase the amount of Bitcoin, in my lifetime I only bought Bitcoin once in 2015.

[X-ray]

The picture is interesting, reflect exactly what happened back then, people were so afraid and those who said they're waiting for a pullback to buy aren't buying a damn thing .

But I expected price of bitcoin to go up even more, it seems we gonna see massive rally like what happened in the past since BTC has broken through resistance. After all, history rhymes and i'm sure the increase of adoption just caused bitcoin's worth to potentially reach an even higher ATH.

Those billions from institutional investors aren't getting in for nothing.

[henry_of_skalitz]

The picture is interesting, reflect exactly what happened back then, people were so afraid and those who said they're waiting for a pullback to buy aren't buying a damn thing .

But I expected price of bitcoin to go up even more, it seems we gonna see massive rally like what happened in the past since BTC has broken through resistance. After all, history rhymes and i'm sure the increase of adoption just caused bitcoin's worth to potentially reach an even higher ATH.

Those billions from institutional investors aren't getting in for nothing.

Nobody says we are done yet, and to stop such a rally, we would need more fudsters and big events shifting the sentiment

We need to be ready for it eventually, but not currently for sure.

[Maslate]

I don't know much about technical analysis but I know that there is a cycle to this business, when it is cheap, you should buy more and save and in such times of rise, you should be patient and smart. When the price of Bitcoin dropped to 76k, everyone was making calculations to buy it if it would drop a little more.

I think it will not return to the price of 76k for a long time, maybe it will come in the next bear season. Right now, it feels like a new beginning, Bitcoin will continue to rise in the long term with corrections.

The problem with people, they don’t know when to best enter the market. Instead of trying to make its best entry while the market isn’t completely bullish yet, but these people chose to enter when there is hype, that is seeing new investors come rushing and panic buying, and when the price drops, they blame the market and regret their decision, and end up selling at a loss.

So I don’t see this a great opportunity to enter the market, but no worries if you are going to accumulate through DCA. This is reducing the burden when you think of buying all at once.

[Davidvictorson]

You buy at the price you deserve is the most profound statement of all time in the bitcoin community. I love it because in as much as it sounds like a mocking statement, it actually for me sounds positive and encouraging. Slow down, don't rush. You don't need to jump in if you haven't understood it yet or are not convinced. And for those, the naysayers who have had numerous opportunities to invest when the price was much lower, the statement gives a kind of like, "I told you so" vibes.  Whichever group you are, you will certainly buy at the price you deserve.

[Ziskinberg]

That’s a given fact, those who have bought bitcoin when its price dropped into $76k can confidently sell today and enjoy their massive profits. But for sure they’re smart enough not to sell their coins but will hold them even longer,  knowing bitcoin price will be even more bullish in the next possible days.

However, the opportunity continues when the market becomes more bullish. You can decide to buy through DCA, or even buy all at once, though it’s too risky but the reward is greater when you decide to hold your coins for longer years, like 5-10 years from now.