Are people buying BTC @ $27000+ idiots?

[Battle1doom]

Could have bought it in March this year for sub $4000.

Downside risk is much greater now than it was earlier this year.

Is it the mentally challenged that are getting fleeced right now.

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[LFC_Bitcoin]

It’s the start of the next bull cycle, do your research. Sure people buying now won’t make as much profit as somebody who bought in March but even buying now it’s likely they’ll make at least 2 or 3 x what they invest now by late 2021.

As somebody who’s been constantly buying & HODLING (selling nothing) since 2014, there is never a bad time to buy bitcoin if you have patience.

Look at a chart from all the way back since the first block was mined, what do you see? Long term, exponential, upwards price trajectory. Sure we have bull markets followed by harsh bear markets but the long term trend is always up. An asset that has its supply cut in half every 4 years demands price growth.

It’s simple math & science -

Time = upwards price trajectory

Therefore no, people buying now are not idiots. The idiots are the NOCOINERS with no BTC.

[Viscore]

Based on my experience, it's not really wise to buy during the peak, bad idea, unless you are a long term holder who are willing to hold longer and will not panic when the price dump. We are again at the time where some people get FOMO and we can't stop them since they believe the uptrend will continue and we also don't know if it will stop, so let them do their thing and learn if they make mistakes.

I'll just wait for the dip and then start buying.

[bakasabo]

Could have bought it in March this year for sub $4000.

Downside risk is much greater now than it was earlier this year.

Is it the mentally challenged that are getting fleeced right now.

What about people who bought Bitcoin when its price was below $4,000? Also idiots? I think that smart ones are the one who got free hardware and electricity, and mined Bitcoin in 2009.
Take a look back in past, when the price was 19-20k. Those who bought Bitcoin in Winter 2017/2018 were crazy and brave. And now, after 3 years they are still in profit. I think that those who bought Bitcoin today at the price of $27k will get their profit someday

[Chrystora123]

buying Bitcoin at $ 27k is not an idiot but someone who dares to take high risks.  I still remember 2017-2018 when many people feel trapped in high prices because they bought Bitcoin on ATH (around $ 20k) when the price of Bitcoin goes down they immediately cut loss.  maybe when someone buys Bitcoin at a price of $ 27k, even though the price is likely to fall but in the next few years, it will definitely go up again.  the key to not losing is "don't sell below the purchase price"..

[Jawhead999]

So do you mean a people buying BTC in last ATH is idiots too? Even Bitcoin has got massive dump below $4,000, but now? Everything changed... Bitcoin going bullish reaching new ATH and right now it's worth for $27,000. It mean they get 1/3 profit from their investment (and if they still holding).

If you're a real long term holders, buying Bitcoin in any price is okay since you're HODLING.

[fiulpro]

The one rule I did read about in the investors magazine is
             "Never to invest when the price is up"

I do agree with your statement but not fully though. Right now the price of BTC is scaling up and it's looking really good for everyone but I am pretty sure that we will see a considerable difference in the price in few days or so. I do believe that it would be much wiser to wait up for the price to go down and then invest instead of investing right now. It is anyways a good idea if you just realized the value of BTC and do want to hold for a long term, then it doesn't really matters when you buy.

I do see people commenting a lot about how it's not a bad idea but I do believe that it is right now. We are in a state of Pandemic and it won't be able to hold out that price for too long. Sooner or later the price might go down. There is a very good possibility regarding that. Look out and learn from the past.

[error08]

Whoever buying bitcoin at $27k certainly not ordinary people without any planning for the future, they are institutional investors, high net worth individuals (HNWI), big companies, and traders with different plans, whether to get profits in a short time or intend to save it for the long term. Although it's not the best entry-level, we can't complain about the current price to get back to $4000 again, if no one buys at $25k, bitcoin can't rise to $27k, if no one purchasing bitcoin at $27k, it won't increase to $28k, so on and so forth, do you expect it to stagnant at current price and decline? do you think $27k is the limit for bitcoin? Of course not, which is why people continue to buy bitcoin even at the current level.

[Maus0728]

Maybe the correct term would be "late" since they have missed the opportunity to accumulate a larger fraction of bitcoin at an early date causing them to missed an opportunity of a good amount of profit. However, I think labeling people  who just recently bought their own coin as dumb isn't right. They may be late but the realization why they are purchasing bitcoin maybe different, it could be something related to achieve their financial sovereignty or perhaps an asset which could preserve their wealth for long ages.

Of course, as an average joe, I would think that buying bitcoin at once isn't a good idea especially if bitcoin's price keeps soaring. I would rather use "Dollar Cost Averaging" to stay ahead regardless of bitcoin's price movement instead of just staring at it like a dumb.

[mk4]

Is it the mentally challenged that are getting fleeced right now.

Says the same people who refused to buy at the previous all-time high peaks of the previous years because "it's too expensive". Even in 2017 it probably might've looked like a stupid decision back then to buy at the $19,700 peak, but look where we are at now.

[sapnu]

We cannot really claim that they are idiots since the value of bitcoin is still rising continuously. If they bought it having a high price like right now, they may not gain much but will still make profits from it, just not the same with those who bought it earlier or before the bull run. Who knows how high the value of bitcoin might be in the next few months or years, maybe those who bought it at 27k would still be happy as it reach 40k if ever in the future, so let us not be judgemental with their decision making, maybe they are just being wise.

[Bitstar_coin]

Could have bought it in March this year for sub $4000.

Downside risk is much greater now than it was earlier this year.

Is it the mentally challenged that are getting fleeced right now.

Obviously if people are not buying how then is the price pumping so high? Fomo is a big thing and can make someone get confused, even i myself thought of buying when the price keep going up but I didn't,
I also ask myself same question, and I just conclude institutional investors are the ones accumulating who have long term goal in mind.

[Samayuki]

Could have bought it in March this year for sub $4000.

Downside risk is much greater now than it was earlier this year.

Is it the mentally challenged that are getting fleeced right now.

I'm scared of Bitcoin ATH as well but what are you going to say if Bitcoin hits over 30,000$ in few more weeks? The crypto investment idea is investing only what you can afford to lose, it's very risky to invest right now accepted, so why not go in with little money if you think you are up for the risk? Risk management is the best

[bitbollo]

I have seen the same discussions back in 2014 after 2013 bull run... will appear constantly with bitcoin discussion. Everyone during these years was an idiot that had bought 1 btc for 1K usd.
There was even some suicide due to this crash... however take a look now of the market.
it was really insane buy 1 btc at 1K usd?  

[BrewMaster]

Could have bought it in March this year for sub $4000.

funny thing is that the same questions was being asked back then too. like you could have bought bitcoin at $3000 a while back or $200 a while more back...

Downside risk is much greater now than it was earlier this year.

not at all because the price being higher than {an arbitrary amount of time} ago doesn't mean it is riskier now.
it is only risky to buy bitcoin in bubbles and i don't see any bubbles at all.

[Noctis Connor]

Well there are not idiots when they had money to buy why not? People if they really want something they make way to get it, you can't judge them by investing their money into bitcoin not because they didn't know before that bitcoin has it good potential in our lives that can help in our daily living since they want to be part of trading industry too. Even they missed the opportunity to buy bitcoin way back then it is still cool because they change their mindset to invest where they can really earn profit from it. for me having bitcoin is a big achievement .

[Tushar Ramani]

Could have bought it in March this year for sub $4000.

Downside risk is much greater now than it was earlier this year.

Is it the mentally challenged that are getting fleeced right now.

You could have mined a lot of BTC entirely on CPU power back in 2010. Did you do it? Have you become an idiot now?
People buying BTC at $27k have just come to know about Bitcoin and they will have a look at the historical price of Bitcoin. So, according to one proverb - "It's morning whenever you wake up", they are not idiots. In fact, they did something amazing today. Just because the time is wrong, it doesn't hold true to judge someone as an idiot.

[dimonstration]

Well there are not idiots when they had money to buy why not? People if they really want something they make way to get it, you can't judge them by investing their money into bitcoin not because they didn't know before that bitcoin has it good potential in our lives that can help in our daily living since they want to be part of trading industry too. Even they missed the opportunity to buy bitcoin way back then it is still cool because they change their mindset to invest where they can really earn profit from it. for me having bitcoin is a big achievement .

But it will be better if they invested earlier than now, there were too many opportunities to buy before so it will be better if they will wait a bit for some correction and just study the market now. If they plan for much longer investment then buying now can still be a good option provided they will not withdraw it when the price decrease or when correction happen since we know that the price will eventually increase again after some correction.

[CODE200]

Not really. They just believe in the potential of Bitcoin to achieve greater or higher market value. It is a sort of a gamble and there's really nothing wrong with it since it is their money in the first place. If you do look at their action as something foolish, then let them be, 'coz they are the ones who will suffer the consequences. But do not regret if they have made right speculations. The thing here is that, no one is certain of how will the market price move tomorrow. Possibilities are always two sided. If you anticipate a price downfall then sell already but do not belittle the decision of other investors who invested at a high market price just because that's how they see this market or the market price of Bitcoin. They made their own analysis and we should respect that.

[MoreStamps.Global]

Could have bought it in March this year for sub $4000.

Downside risk is much greater now than it was earlier this year.

Is it the mentally challenged that are getting fleeced right now.

You could have mined a lot of BTC entirely on CPU power back in 2010. Did you do it? Have you become an idiot now?
People buying BTC at $27k have just come to know about Bitcoin and they will have a look at the historical price of Bitcoin. So, according to one proverb - "It's morning whenever you wake up", they are not idiots. In fact, they did something amazing today. Just because the time is wrong, it doesn't hold true to judge someone as an idiot.

Haha! A great explanation. I think judging someone too early especially in crypto space is not right thing do.

[Battle1doom]

What I don't get is that people assume that bitcoin will climb forever. I'm sorry to disappoint you, but it probably wont.

Ask yourself this. How long will bitcoin be around. My assumption: for as long as nothing better will outcompete it.

Fact: bitcoin is no longer the leader techwise, it has been proven beyond any doubt that bitcoin is too slow, too expensive and has many other problems and flaws.

Result: bitcoin is mostly useless in replacing banks and even fiat when doing your grocery shopping at your local supermarket.

What is the situation in 2020: relegated to pump and dump and that's mostly it. Yes, you can use it to buy SOME items and services if you are prepared to pay expensive fees and wait forever.

It's just begging to be run over by a better coin - like the typewriter getting killed by the pc. And this shitcoin is worth $27K. For how long?

 

[anknok]

I don't think buying BTC at current price is a wise idea. Buy when everyone fears to buy and sell when everyone greedy to buy - Warren Buffet.
Like in Dec 2017, when BTC went upto 19k$ and people who bought at that price have to 3 years to get there money back with profit. While people who bought btc for 3500k$ in Dec 2018 have to wait few months to get that double. Buying when market is bullish is not a wise move and these are usually new comers who do this mistake.

[CryptoMobster]

I think it depends on how long they want to hold and what reward based on research, but also what has now influenced them to look at it.

Screaming buy below $6,000 this year, I bet a lot of people are kicking themselves.

[masterzino]

Could have bought it in March this year for sub $4000.

Downside risk is much greater now than it was earlier this year.

Is it the mentally challenged that are getting fleeced right now.

Most probably buyers are not people but institutional investors and companies. Also, there are new people in every area all the time, crypto is not an exception.

[gurunanakji777]

Yes, its very risky to buy bitcoin at a $27000 price, and its easy to said if we buy BTC this year in March even some people think that time Btc can drop to $1000 value. BTC is a Gem and we can not say where it will be stable as we all know there is a limited supply of BTC. I believe BTC will continue to grow year by year. If someone planning to buy BTC for the long-term then he/she can buy Btc at any level. 

[ChrisPop]

Downside risk is much greater now than it was earlier this year.

Is it? Would you call institutions "idiots"? Many of them are purchasing at this price. This is why we are sustaining these price levels.

Let's frame it in another way. When Bitcoin will be trading at $100k+ I'm sure you wouldn't call people who bought at $30k like that. The downside risk is still the same percent-wise. We're just dealing with bigger numbers. One can buy fractions of a Bitcoin and still be buying only $100 or $500 worth of Bitcoins. I hope you understand my perspective.

[ven7net]

Could have bought it in March this year for sub $4000.

Downside risk is much greater now than it was earlier this year.

Is it the mentally challenged that are getting fleeced right now.

I would not be so categorical to those people who are now buying BTC for $ 27,000. The fact is that 2021 will be the last year of the next cycle in the crypto market, which means that BTC may well grow very high. To do this, just remember the end of 2017, when BTC flew to the moon. Now we should expect a similar situation, which means that BTC may well grow up to $ 100,000 per coin and possibly even more. And probably those who buy it now believe in this big rise in the price of BTC.

[kentrolla]

Buy low and sell high is the common phenomena of the market, if you go against it then you are making a fatal error I am not saying you should not buy at all but it's very risky. If we have a look in the previous ATH of 2017 many bought in 19k+ but they waited for years to see more than the buying price this doesn't mean they are fools. If they are planning to buy for long-term well and good, need not to worry about that and move on.

[Battle1doom]

Downside risk is much greater now than it was earlier this year.

Is it? Would you call institutions "idiots"? Many of them are purchasing at this price. This is why we are sustaining these price levels.

Let's frame it in another way. When Bitcoin will be trading at $100k+ I'm sure you wouldn't call people who bought at $30k like that. The downside risk is still the same percent-wise. We're just dealing with bigger numbers. One can buy fractions of a Bitcoin and still be buying only $100 or $500 worth of Bitcoins. I hope you understand my perspective.

I think your perspective is that you would like to fleece the newbs as much as possible, and I get that. Not sure what the newbs get out of it, once again FOMO proves to be powerful.

It's clear to everybody that bitcoin is being actively pumped, question is for how long. One thing we do know for sure is that the higher the price, the higher the risk.

[Murtaza345]

Ofcource People Are interested to buy bitcoin yet, Because they  know the bitcoin current really which is not doing Stop.So people also doing more research about bitcoin and they are getting more interest in bitcoin.becsuse bitcoin in2020 has done people millionaire, And Thats the reason people want to buy  also on current price like 27k. And yes they observe the bitcoin in 2021 will hit easily 35k.

[aoluain]

Could have bought it in March this year for sub $4000.

Downside risk is much greater now than it was earlier this year.

Is it the mentally challenged that are getting fleeced right now.

eh, we did buy earlier at $4000, and again at $8000, and again at $16000 and again today!

I spent my last available $'s today and bought 22,890 satoshi's, its called dollar cost averaging.

Come back to us when Bitcoin is $60000 when we are buying more.

[DarkDays]

It’s the start of the next bull cycle, do your research. Sure people buying now won’t make as much profit as somebody who bought in March but even buying now it’s likely they’ll make at least 2 or 3 x what they invest now by late 2021.

I absolutely agree with you. If people thought buying BTC at 27K is mad, what would they think when they'll realize that in a few years to buy BTC they'll need to spend at least 50K to get not 1 whole BTC but a fraction of a BTC? This type of event is not just fantasy, if BTC continues on this trend of doubling or go more than triple in value in 1 year, this is indeed very plausible.

With this in mind, clearly the idiots aren't those who buy now at 27K but those who were laughing at those buying at 27K when they themselves missed the train and would have no option but to buy in at 30K and above.

[tsaroz]

There are different types of investors and traders. The ones that plays with the prices in intraday trading watching technical analysis makes profit however the market is.
But there are also new and naive investors that hears about the records bitcoin's making and the investors brought in what multiple of profit and jump into without consideration.
There even are regular investors who on the fear of missing out buys them at a larger price.

[Josefjix]

Would you have believed it was going to surpass $4k since March? it is not idiocy to buy bitcoin at any price since everyone weighs his or her gain and loss before embarking on a buying spree.

[serjent05]

Could have bought it in March this year for sub $4000.

Downside risk is much greater now than it was earlier this year.

Is it the mentally challenged that are getting fleeced right now.

Well, I don't think that those who are buying at 27k+ idiots.  Looking at the history of Bitcoin, someone had seen a 4 year cycle wherein after a 2 year bear market Bitcoin will start its bull market, that said, the year 2020 is the first year of that bull market so if history repeat itself, we will see more insane market surge of Bitcoin next year.  And if that happens, do you think those people who bought at 27k idiot?

[bassbity]

big risk and does not guarantee big profits. This will only eat up 1% of the profit. even then if the price continues to rise, what if it goes down. It's a shame if you buy when the bitcoin position is high, so be careful when making decisions. because without doing research first it will have a bad impact. Follow the hype, but you must still be wise in making decisions.

[Khaos77]

Could have bought it in March this year for sub $4000.

Downside risk is much greater now than it was earlier this year.

Is it the mentally challenged that are getting fleeced right now.

Yep. 

[o_e_l_e_o]

As somebody who’s been constantly buying & HODLING (selling nothing) since 2014, there is never a bad time to buy bitcoin if you have patience.

I remember getting called an idiot in December 2017 for buying at $15k on the way up to the $20k peak. I also remember getting called an idiot in January 2018 for buying at $15k on the way down from the $20k peak.

Both times I was being called an idiot by someone who said bitcoin was dead and going to zero. The value of those coins has almost doubled since I bought them. Sure, if I had saved all that fiat and bought bitcoin at $4k instead (incidentally, I did buy bitcoin at $4k, and $5k, and $6k...) I would have more, buy hey, hindsight is 20/20.


When I made this post (Re: Missed the golden opportunity, now what??), I had a feeling I would quote it in future when threads like this one showed up. I just didn't think I would be quoting it so soon. A mere two months ago this user was complaining they had missed their opportunity to buy bitcoin, and now that it was $13k, there was no point. They could have more than doubled his money in under 2 months. And so the cycle repeats, with the next used complaining the current price is too high to buy. Wonder how long it will be before we quote this thread and laugh at how low a price $27k was.

[goldade]

I wouldn't call them idiots. It is absolutely normal for them to buy at the any price bitcoin might be. I know it's the same for them just as it was when bitcoin was $4000. Everyone who bought bitcoin at $4000, its peak price then, must have bought it with the hopes of bitcoin getting even higher in price.
I believe those who buy now are buying with the hopes that bitcoin will be higher in price than what it is now.
Although, those that bough at $4000 are already in so much profit now, I do not think it's too late to get on the moving train to get the most of bitcoin.

[sterle]

Could have bought it in March this year for sub $4000.

Downside risk is much greater now than it was earlier this year.

Is it the mentally challenged that are getting fleeced right now.

lmao, like you brought at 4000$ that deep was instantly brought.

[Twinkledoe]

I wouldn't call them idiots. It is absolutely normal for them to buy at the any price bitcoin might be. I know it's the same for them just as it was when bitcoin was $4000. Everyone who bought bitcoin at $4000, its peak price then, must have bought it with the hopes of bitcoin getting even higher in price.
I believe those who buy now are buying with the hopes that bitcoin will be higher in price than what it is now.
Although, those that bough at $4000 are already in so much profit now, I do not think it's too late to get on the moving train to get the most of bitcoin.

Yes, you can't blame those people for jumping on this price. Because a lot of us believe that bitcoin will still go up as adoption is going strong and a lot of investors are still buying bitcoin. I won't call them idiots either. If in case btc will reach 30k, are you still gonna call them idiots? I don't think so. So right now, if you can afford to buy, why not? Everyone is free to join this market.

[hahay]

When an investor or someone believes the price of bitcoin will continue to break through the top, then buying at that price will be fine because after all, they have money to invest in so there is nothing wrong with their decision. The price is high, but that doesn't mean someone has to buy exactly the same amount so it comes back to your own abilities because currently bitcoin has become a strong magnet but there are still many out there who prefer to buy other cryptos that still have cheaper prices.

[harizen]

Same with the question during the price before that considered as "high" e.g buying @ $4,000, @ $ 5,000, @$10,000 are all idiots?

Regrets really happened and no one to blame as no one knows what will happen in the future.

If you really believe that the current price is not the highest possible price that bitcoin can reach, you can disregard any price level to make an entry. Patience is the key. However, if you think that price will soon crash before attempting to buy, then it's on your own call.

[Altcoinsintel]

It is not a very rational decision to buy right now. No trader and no person with even limited financial knowledge would ever suggest to buy any asset after looking at this chart.
In fact if you were a trader at a bank they would fire you if you bought at $27,000. Of course they would wait for the outcome first but the risk is stupidly high to buy right now.
Can price of Bitcoin rise more? Of course but those that buy now do not seem to care a lot about the price.

The price looks like it was artificially pumped into $28000. Those that bought either have a plan or were in need to buy Bitcoin so high.

[2double0]

OP, nice try to provoke others to dump btc by selling it, but it is not the retail investor this time who just pushed it higher and ended dumping it over 80%, these are huge institutions and they have been accumulating since the first bubble bursted but this bubble will be very huge this time so if anybody buys it right now, they still have the chance to withdraw some profits or break-even even if the price plunges.

[Upgrade00]

It is not a very rational decision to buy right now. No trader and no person with even limited financial knowledge would ever suggest to buy any asset after looking at this chart.

Do you think it would be more rational to wait for a dip and possibly end up seeing the price climb higher than it is?
If you want to put the chart in perspective, zoom out and look at significant price changes over the last years; what many thought to have been major spikes were just minor price changes with the price going much higher. That's likely the case here as well, the market is yet to fully rally and there's still so much room for growth in this cycle.

In fact if you were a trader at a bank they would fire you if you bought at $27,000. Of course they would wait for the outcome first but the risk is stupidly high to buy right now.

Banks do not exactly set the best precedent.

[MCobian]

I don't agree with the opinion that says buying Bitcoin now is stupid, because if you are used to buying and holding Bitcoin for the long term.
So buying Bitcoin now is a good thing to do, because the Bitcoin movement will continue to go up. Try to do your research properly before arguing,
I have studied the movement of Bitcoin since 2016, know that to get profit from Bitcoin we must have patience. Without patience maybe buying
Bitcoin at its current price is a bad decision to make.

[coinycoiny]

If you buy as an investment, anything over a cent makes you an idiot.

Of course, if you think there are bigger idiots behind you then buy at whatever price you want.

[Fatunad]

Could have bought it in March this year for sub $4000.

Downside risk is much greater now than it was earlier this year.

Is it the mentally challenged that are getting fleeced right now.

One of common acts of people is on where they do buy into this current price rather than into those times where everything is on red or do came from a crash.

I cant blame them though because hesitance and doubts would be there, presuming or have in mind that the market might go worst even more but if we do really
like to risk out then we would most like to consider on investing or accumulating while its cheap.

Its too late to regret on not to enter those times but still there are lots of opportunities for you to enter.

[nelson4lov]

Could have bought it in March this year for sub $4000.

Downside risk is much greater now than it was earlier this year.

Is it the mentally challenged that are getting fleeced right now.

The thing is that people are only interested in Bitcoin when it is trending on almost all media sites. Having been in crypto during the epic bull run in 2017 and the dump that followed after in 2018 and 2019, I would say that market cycles would always repeat itself and people, though aged older will keep making the same mistakes. It's happening just like it did in 2017, everyone is talking about buying Bitcoin, where to invest and what's not but they won't do the same when markets goes down and when portfolios are being capitulated.

[Fredomago]

I don't agree with the opinion that says buying Bitcoin now is stupid, because if you are used to buying and holding Bitcoin for the long term.
So buying Bitcoin now is a good thing to do, because the Bitcoin movement will continue to go up.

We can't assure that but chances is high that Bitcoin will continue to rise, there are lots of new investors that also showing interest
to this investment venue, if you are aiming for long term any position you take still have chance of getting profits.

Try to do your research properly before arguing, I have studied the movement of Bitcoin since 2016, know that to get profit from Bitcoin we must have patience.

It's very important to always do your research before doing anything, with proper knowledge the chance of succeeding i much possible to
achieved.

Without patience maybe buying Bitcoin at its current price is a bad decision to make.

Correct patience is very useful, combine patience with your knowledge will gives you room to enhance and learn the process the right way.

[WinBitcoins.Casino]

Most likely they are not idiots as this phase of Bitcoin can be considered as its initial adoption phase. Just like the shares of a company are yet to be released.

Once Bitcoin is adopted by most of the population, it will be much higher in value. It might need several upgrades to do cost cutting in transaction fees though.

[7788bitcoin]

OP, nice try to provoke others to dump btc by selling it, but it is not the retail investor this time who just pushed it higher and ended dumping it over 80%, these are huge institutions and they have been accumulating since the first bubble bursted but this bubble will be very huge this time so if anybody buys it right now, they still have the chance to withdraw some profits or break-even even if the price plunges.

Even if the OP wants to FOMO no one would listen as you mentioned these investments are from huge financial institutions and they are investing heavily for a long time and recently we had seen many similar news where some companies are moving their assets to bitcoin and all these culmination of things is moving the price to new levels every trading day and how long this bubble will last is to be seen.

@OP if anyone is investing in bitcoin taking a huge loan or using credit card then it is a foolish investment other than that the cycle will take the price well above $35k.

[acener]

Could have bought it in March this year for sub $4000.

Downside risk is much greater now than it was earlier this year.

Is it the mentally challenged that are getting fleeced right now.

We shouldn't judge them by their choice of when they want to invest.
Would you call those who invested in the past ATH idiots when they have hold it till they gain profit?
We don't know how much it could go up or down after we invested it is just the same for them.

[Zilberia]

No, these people are not idiots at all. I think you will definitely get some profit even if you bought bitcoin for 27k. This asset showing us one of the best price growing dynamics in 2020 so I'm pretty sure it will get higher in a few months so you will buy a profit.

[veznata]

it's never been a bad idea if we look back in the past. of course if you intent to hold for long time you will be a winner....in this case you will have to hold for a shorter time since we already started the next bullrun. we will probably see 100K or near so bear in mind that even the lowest price fall after that bullrun may and probably be above todays price (27K). of course you may buy it at better price but waiting for 1-2K dips now and then doesn't worth the risk to miss the train. as for those who mined and bought in 2010-11 most of them sold it for pennies or lost it while all the others who spent hard earned money to buy bitcoins and after that keep their coins will benefit most. Remember if whenever sell high than always after that find some price bottom (as much as possible) to buy back bitcoins and never leave the game!

[CarnagexD]

In the words of a wise man, "the best time to invest is 10 years ago. The second best is now." So don't ridicule them just because they got in here later than us. If anything, we are like them in the past. Only we have been there far too early for the market to move, and so we reaped the benefits. Don't call them idiots or anything. Instead cheer them up and tell them to do what we did so they can earn as well.

[chanler]

You cannot judge it 'idiot' till you know what to happen later. No one really knows what to happen in the next few months, it is just your bet to buy or not. As long as they buy for the short-term goal, it isn't an idiot way I think. The Bitcoin price still has a chance to rise up more, even some experts state that Bitcoin price can reach $30K. Of course, it is very risky to buy at the bullish trend, but the risk isn't impossible to result in big earnings.

Do it with your own risk!

[bayu7adi]

no, some of them think that the price of 27k is still cheap, so that it is still very profitable.
we still have time to fly BTC even higher, while there are still people who need BTC then the current price is still cheap and can go up 100% at any time

[TravelMug]

Could have bought it in March this year for sub $4000.

Downside risk is much greater now than it was earlier this year.

Is it the mentally challenged that are getting fleeced right now.

This kind of mentality will bring you nowhere, Lol, tell that to people who thought that bitcoin was expensive @1k in early 2017, or @5k mid 2017. If you are going to just HODL on your bitcoin, history dictates that it has a chance to go even further in the next 2 years.

Of course you argue that the exponential growth will slow down, yes I agree with that, however, you can still make money when the price hits $50k or even $100k in the future.

[Sithara007]

I still remember when people were making fun of those who invested in Bitcoin at ATH levels ($20,000 per coin) when the prices crashed. Some of these investors booked losses and sold their coins at a loss. But those who held on to their coins are sitting on top of 35% profit now. 27K may sound like too high, but after a few years, you are going to regret that you didn't purchased at this level when you had the chance.

[Bitcoin577]

The way in which bitcoin price increasing day by day we cannot say people are idiot. In past couple year of year since 2017 bitcoin price continuously going up and at this time there is a good chance of bitcoin pump to 3600$
The people who buying are long term holder and they know that they will make a profit even if they buy 2700$+.
For small investor it is risky but big investors can afford this

[verita1]

For some it may be crazy to buy bitcoin at $ 27,000 but for others not.
Toby Sharp is Principal Software Scientist at Microsoft and so he said in a tweet:

This is not only the most succinct @michael_saylor interview so far. This is probably the most important video anyone could watch to understand that we are at a major turning point in world history.

https://twitter.com/tobysharp/status/1339987175367172097?s=19

Let's not lose perspective we are witnessing a peak moment of Bitcoin is a breakthrough in crypto that will have a positive impact on technology and the economy. Let's not lose our way.

[maydna]

I don't want to say that is idiots to buy bitcoin at $27k because as long as they can sell more than that price, they will make a profit and they can wait for another drop in the bitcoin price. But if they still hold bitcoin because they have a high target price, they need to wait for some time because the bitcoin price does not increase in a short time. Perhaps, each people have their own reason why they buy bitcoin at that price, but some people buy bitcoin is because they read the news that bitcoin will increase so high and they don't want to be late to make money from bitcoin.

[dondonk]

There is nothing wrong with buying bitcoin these days. because bitcoin still has the potential to go up even more in the future. Maybe in the short term there could be a fall in prices, but don't worry then it will go up even more. All it takes is patience to hold back not to sell.

[0t3p0t]

Could have bought it in March this year for sub $4000.

Downside risk is much greater now than it was earlier this year.

Is it the mentally challenged that are getting fleeced right now.

For a long term hodler, I think no they are not idiots of course. But for short term hodler it's like 50/50 win or lose situation because buying at peak could be a big risk for me. If they bought March this year and they are still hodling right now then that is worth a toast of a wine.

[Evilish]

DCA my friend. Buy a certain amount at regular intervals. BTC is at $4000 USD? Buy. It's at $27,000 USD? Still buy. And as is the rule, don't invest more than you can afford to lose.

If you believe Bitcoin will have a much higher price in long term then no price is a bad price. I would perhaps re-consider my stance once BTC crosses $100,000 USD. Right now, at $27,000 USD, I don't think anyone is an idiot for buying. I personally am buying as much as I can every month.

[romero121]

People who are into large volume trading risk buying above $27000. This means, people invest big and try to profit out of the small difference in the price between time. Cryptocurrency is all about risk, we need to risk to profit. I've known about people selling all their belongings to invest on bitcoin. These looks idiotic when we see as a common man, but those investors have other perspective upon bitcoin growth.

[ninabobo]

Purchasing bitcoin at $27000+ is both savvy and excessively hazardous however may benefit you. As we have noticed the current year's bull run is much in a way that is better than 2017s more selection came into bitcoin so the establishment and essentials for bitcoin to siphon are solid so $27k probably won't be the pinnacle cost at this season. Yet, the danger of losing big time as well if things get turned is likely. They are not simpletons, they are daring individuals.

[bryant.coleman]

DCA my friend. Buy a certain amount at regular intervals. BTC is at $4000 USD? Buy. It's at $27,000 USD? Still buy. And as is the rule, don't invest more than you can afford to lose.

If you believe Bitcoin will have a much higher price in long term then no price is a bad price. I would perhaps re-consider my stance once BTC crosses $100,000 USD. Right now, at $27,000 USD, I don't think anyone is an idiot for buying. I personally am buying as much as I can every month.

Doing a systematic investment plan (SIP) is a good way to do investment in cryptocurrency. But along with the SIP, you need to have a systematic plan to book the profits, after a certain amount of time. Profit booking is also quite important, when you deal with a volatile asset such as Bitcoin. Having a well defined plan will protect you from panic selling and market volatility.

[crypticj]

People like them are moving price forward. Its much easier for newbies to buy asset that growing, newbies never changes

[Genemind]

Based on my experience, it's not really wise to buy during the peak, bad idea, unless you are a long term holder who are willing to hold longer and will not panic when the price dump. We are again at the time where some people get FOMO and we can't stop them since they believe the uptrend will continue and we also don't know if it will stop, so let them do their thing and learn if they make mistakes.

I'll just wait for the dip and then start buying.

That could be correct, but buying during the ATH puts you in a risk, but as you mentioned if you are a long term HODLER, you will have to wait for a few years again just to be at the same position as to when you bought it. That is why you shouldn't be skeptical buying Bitcoin during it's price dip. Consider it as buying a very cheap ticket for the upcoming train.

[Evilish]

DCA my friend. Buy a certain amount at regular intervals. BTC is at $4000 USD? Buy. It's at $27,000 USD? Still buy. And as is the rule, don't invest more than you can afford to lose.

If you believe Bitcoin will have a much higher price in long term then no price is a bad price. I would perhaps re-consider my stance once BTC crosses $100,000 USD. Right now, at $27,000 USD, I don't think anyone is an idiot for buying. I personally am buying as much as I can every month.

Doing a systematic investment plan (SIP) is a good way to do investment in cryptocurrency. But along with the SIP, you need to have a systematic plan to book the profits, after a certain amount of time. Profit booking is also quite important, when you deal with a volatile asset such as Bitcoin. Having a well defined plan will protect you from panic selling and market volatility.

I think that's a sound advice, I have seen a fair few people get burned because they buy at a high price and then panic sell at a loss when the price falls. These are the big mistakes I see that many novice investors make: 1) Buying into the hype without understanding the technology or previous market patterns 2) Putting money they shouldn't be putting into BTC (like emergency savings) 3) Investing more than they can afford to lose

There are many of us who invest wisely and don't need to book the profits yet though. If there is another bear market we can push through for several more years before having to book any profits.

[CuriousGeorge]

There is nothing wrong with buying bitcoin these days. because bitcoin still has the potential to go up even more in the future. Maybe in the short term there could be a fall in prices, but don't worry then it will go up even more. All it takes is patience to hold back not to sell.

Buy bitcoin at high price means the buyers will get the more risk compared when they have bought bitcoin at the first quarter of this year when the price of bitcoin plunged so hard.
It looks like you didn't even understand about how the market cycle works these days. You get the more chance to be dumped by the whales when you are buying at the peak.
People should have learned a  lot from the dump that happened in 2018. It's really wrong if the market will be bullish forever.

[Shasha80]

With the price of Bitcoin continuing to rise, it means that there are people who buy Bitcoin at high prices, the question is why would anyone want
to buy Bitcoin at price of $ 27,000. Even though the Bitcoin price could fall at any time, because people who buy Bitcoin at high prices are very sure
Bitcoin will rise even higher. Although there are some people who do buy Bitcoin because of FOMO, but right now I am sure that the number is buying Bitcoin because the number of FOMO is not as much as when the Bitcoin pump was in 2017.

So in conclusion, people who buy Bitcoin at price of $27,000 are not idiots as long as they buy because it is for a long term investment. And do have knowledge related to Bitcoin, so the most important thing is to have patience when buying Bitcoin at high prices. Because sometimes it takes years
for us to feel the profit from Bitcoin, if you are an impatient person avoid buying Bitcoin at high prices. Wait for the Bitcoin price to be corrected and
then you can buy Bitcoin

[ALLON2017]

What gos up must come down.

[LogitechMouse]

Could have bought it in March this year for sub $4000.

Downside risk is much greater now than it was earlier this year.

Is it the mentally challenged that are getting fleeced right now.

As the famous quote says "Be greedy when others are fearful and be fearful when others are greedy".

If you bought when people are selling then you are in a huge profit right now already (around 5-6x). Right now Bitcoin is in a parabolic rise, similar to what happened in 2017. The year is ending already and in 2 days we are in for another year. I'm not saying that what happened in 2018 will happen again in 2021 but there is nothing wrong with us being ready in the worst case scenario that might happen.

Now to answer your question, are you saying then that Grayscale and other big institutions now are complete idiots since they are buying Bitcoin even though it is at its peak?? There is nothing wrong buying at the top. The only difference is the profit and the risk. Buying at the peak has a higher risk and lower profit still compare to investors who waited for Bitcoin to make a small correction then entered.

[inanilujimi]

Now how much confidence do you have to survive in the long term?
believe everyone who buys over $ 27k is a big risk taker who believes bitcoin price will increase over time.
sometimes a fool is better off waiting without doing anything and hoping the price drops below $ 20k just buying, but after $ 20k he doesn't dare.

[Battle1doom]

Bitcoin topped out at $28395 for 2020, just a few days left until newyear. If history serves as any guide to the future we might see bitcoin drop some 80% from it's high to its future low.
Of course past patterns is no guaranty it will happen again in the same manner, but it is strongly adviced to be careful going forward.

Cryptocurrencies can be very price unstable, just take a look at the recent meltdown in XRP. Once bitcoin turn downward it might be fast and furious.

[lifeforcepools]

No, they just hope that the price will rise soon.  I don't think the other options are correct.

[Rodeo02]

Now how much confidence do you have to survive in the long term?
believe everyone who buys over $ 27k is a big risk taker who believes bitcoin price will increase over time.
sometimes a fool is better off waiting without doing anything and hoping the price drops below $ 20k just buying, but after $ 20k he doesn't dare.

No one can say if those people who entered in that price is in danger to lose their money or it's a good entry for new highs of BTC. If the price continue to increase then its good for them even it's too late if the price continue to increase it's still profit for them. But if the big correction come after this then they can regret that in his life and he need to wait more longer just to get back the amount that he can lost now.

Risky but if you are looking for term it can still be profitable what ever the price you bought it.

[hannahB4]

I know some people will be skeptical about buying bitcoin at this rate but if we do our research well some risk takers and investment lovers will go for it because the future is brighter for Bitcoin.

[Yatsan]

Those people who dares to buy Bitcoin at the price peak of $27,000 is not considerable to be called as idiots. They are somewhat called to be risk takers for they are taking the risks associated on getting engage obtaining Bitcoin at the price like this compared to they must have invested with Bitcoin when the price dumps at the month of March at this year. Those people who are buying and investing into Bitcoin even at its price peak are high risk takers and strong believers that Bitcoin can still be up for some more surprise of rising its price even more which is what they are waiting to make happen. Being a risk taker on entering at this phase of Bitcoin's price peak is not being idiotic. You are just taking a high risk that can still be worthy if you will just believe and have strong patience about it.

[menoiazei]

It’s the start of the next bull cycle, do your research. Sure people buying now won’t make as much profit as somebody who bought in March but even buying now it’s likely they’ll make at least 2 or 3 x what they invest now by late 2021.

As somebody who’s been constantly buying & HODLING (selling nothing) since 2014, there is never a bad time to buy bitcoin if you have patience.

Look at a chart from all the way back since the first block was mined, what do you see? Long term, exponential, upwards price trajectory. Sure we have bull markets followed by harsh bear markets but the long term trend is always up. An asset that has its supply cut in half every 4 years demands price growth.

It’s simple math & science -

Time = upwards price trajectory

Therefore no, people buying now are not idiots. The idiots are the NOCOINERS with no BTC.

100%

Very nicely put and hat off to you sir!

[Altcoinsintel]

If you want to put the chart in perspective, zoom out and look at significant price changes over the last years; what many thought to have been major spikes were just minor price changes with the price going much higher. That's likely the case here as well, the market is yet to fully rally and there's still so much room for growth in this cycle.

Right I am zooming out thanks. Was waiting for someone to explain trading to me in a short reply in a forum.

[Prince Malik]

This way we can also say about the people who bought bitcoin at 20k in 2017 idiots but you can see now that they already start making profits and this is what we called the long term investment...you are right maybe its not the good time for short term investors because bitcoin can have some corections in the incoming days but long term investors never think this way and i also believe that as long as bitcoin price didnt reach 100k$ everytime is the right time to buy bitcoin

[Zionatin]

I had to sell during march I am so angry. I might have had over half a bitcoin now. I also made a bad investment in someone 2 years ago that cost me bitcoin. I only made 1/3 of my investment back - the time spent.
I guess I am not alone? Please tell me I am not alone?

Anyone else going through something like I am?

[Wysi]

I think you have no idea about Bitcoin, I would suggest you to check the Bitcoin's history then you will realise who is wrong. What if Bitcoin reaches $50k? When Bitcoin was new there would have been many users liek you who would have called people crazy for investing into Bitcoin even when it was $100, but now will you be able to buy Bitcoin for same $100? Do proper research before using strong words.

[Altcoinsintel]

I had to sell during march I am so angry. I might have had over half a bitcoin now. I also made a bad investment in someone 2 years ago that cost me bitcoin. I only made 1/3 of my investment back - the time spent.
I guess I am not alone? Please tell me I am not alone?

Anyone else going through something like I am?

Be focused and you will make it back. Ask everyone and they will tell you they sold too early and too low during different times. It doesn't matter that you sold or how much you would have, if you sold during the dip in March it means you had to do that and you needed the cash. It is sad you got scammed and you are not alone. I wasn't scammed but it was close one time. You can say that we are all scammed by the altcoins that never made ATH again and are still 90% lower from there. You can also say that most in crypto were scammed by Ripple and will never get their money back. There are many that we don't treat as scams but they are.

[pixie85]

OP, I can't say if you're amazed at people's choices or angry that your own weren't better.

People are buying at every level and selling at every level, this is how the market operates.

They could have bought at 4, 5, 6, 7, 8, thousand and... they won't have another chance to do it. We will probably never see sub 10 000 again. Does it mean you shouldn't buy it ever and keep watching from the sidelines as it goes up? Do what you like it's your money.

[jrrsparkles]

Could have bought it in March this year for sub $4000.

Downside risk is much greater now than it was earlier this year.

Is it the mentally challenged that are getting fleeced right now.

If 27000 has to be the peak then buying at 27K is stupidity but now the price crossed 28K and still on the go so even the user who bought at 27000 and still holding made some profits in no time.

[imstillthebest]

not sure if its called mentally challenge or mental illness because they dont want to take risk when the value is still small but they always stuck on that situation where they need to ask their selves again if they want to buy or not but except to those that intend to not buy before or they have a reason why they didnt buy before , it could be that they dont have money that time but they have now . they are not idiots  . my advice to the people that didnt buy before but have a money , they should buy now and practice the habit of not missing the oppurtunity .

[Crislyn4116]

OP, I can't say if you're amazed at people's choices or angry that your own weren't better.

People are buying at every level and selling at every level, this is how the market operates.

They could have bought at 4, 5, 6, 7, 8, thousand and... they won't have another chance to do it. We will probably never see sub 10 000 again. Does it mean you shouldn't buy it ever and keep watching from the sidelines as it goes up? Do what you like it's your money.

Because if it drops further than that expect another bearish cycle. Right now people can buy at every level they want, that is at their own risk. Amazingly to see cause after it hit ATH, again it sets record to new ath - back to back - for just a month. Thus, todays' bull cycle is the beginning of bullish movement. I would say it may correct a little bit to 20k, but think again. Another bullish cycle is much higher than the previous one, imo.

[Lorence.xD]

Based on my experience, it's not really wise to buy during the peak, bad idea, unless you are a long term holder who are willing to hold longer and will not panic when the price dump. We are again at the time where some people get FOMO and we can't stop them since they believe the uptrend will continue and we also don't know if it will stop, so let them do their thing and learn if they make mistakes.

I'll just wait for the dip and then start buying.

That is what my veteran friends do and advice to me when I was a fledgling in bitcoin. Buying at low and selling at high, I see that it is reasonable and I like the idea because I am a lazy person so trading isn't really my strong suit. FOMO is the biggest mistake that any newbie can make when it comes to investing in bitcoin, I get that we do not know when will the run stop but I believe that reducing your risks to almost zero is the best way to go, I agree about not letting them stop, it is their money after all.

[Fredomago]

Could have bought it in March this year for sub $4000.

Downside risk is much greater now than it was earlier this year.

Is it the mentally challenged that are getting fleeced right now.

Nope those Buyers now are newly entered in Market , they are the one who makes this market standing strong now and the Idiots that your talking about are those BS whales that the target is always Making the value Low for them to buy more.
but this sets of investors now are buying because they want bitcoin and they need the technology behind this.

And believe me , What you are seeing now is just a peanut of what comes next.

[Sithara007]

Everybody knows its the start of the 4 year bull cycle, and if you're still thinking in shorting BTC then you're in for one of the worst decisions of your life. Regardless in buying at $28,000 ATH, it will still be profitable in the long term that is, if you're not a weak hand. Maybe you don't know but according to Plan B the price will reach $55,000-$100,000 if this momentum and trend keeps going to the stock to flow model.

This is the 3rd such bull run. But you need to remember that on the previous two occasions, the peak prices lasted only for 2-3 months. Back in December 2013, the exchange rates went up to $1,200 per coin, only to crash to $200 per coin when the Mt Gox exchange closed down three months later. Same thing happened in December 2017. Within 2-3 months, the prices were back to four-digits.

[skpanchal]

I think people are not buying a bitcoin right now but a institute like PayPal purchasing Bitcoin for long term hold. That's why Bitcoin price pump heavily add Bitcoin demand was increase.

[mich]

People buying Bitcoin @ $27,000 are the exact opposite of idiots they are smart.  Only a idiot would think it is not a good time to buy. 

Whenever something is big in popularity and if money is involved everyone will take notice.  This recent Bull run has definitely gained some more new attention to Bitcoin.

There are some people who I thought would never ask about Bitcoin but now want to get to know what it is about. If you can make money people are interest.

[Daltonik]

There are different opinions about the upcoming price of bitcoin, many skeptics, but there are also optimists Tone Vays predicted Bitcoin's rise to $300,000 in 2021  https://twitter.com/BitcoinMemeHub/status/1342871933688266755
 

[jaresmerel001]

It should all make a difference. In 2017, the previous bull run happened, and it's now 2020. S0, everything has changed already. If we see many adoptions on bitcoin this year, the reason for both bull runs would be different. The community is growing day by day and the use of bitcoin is increasing. In my opinion, the main difference is that the community is expanding a lot. Many individuals understand the reality of bitcoin and participate in it. That's most likely the reason why we're currently in the bull run.

[NorrisK]

The more mature a market becomes the "safer" it is to enter. People that thought the market was not ready at 4k may think its good to go in now.

This is what you see with the big institutions as well. They need liquidity to put their massive funds into it. The higher the price, the more room there is to buy big.

[lepbagong]

Everybody knows its the start of the 4 year bull cycle, and if you're still thinking in shorting BTC then you're in for one of the worst decisions of your life. Regardless in buying at $28,000 ATH, it will still be profitable in the long term that is, if you're not a weak hand. Maybe you don't know but according to Plan B the price will reach $55,000-$100,000 if this momentum and trend keeps going to the stock to flow model.

What do you say that according to Plan B there will be an increase from the current one, in fact I see from the halving between the first and second that the% is quite significant, so I conclude that next year there will be renewable ATH again and maybe fantasitic.
so for those who want to invest in bitcoin there is nothing wrong as long as you have sufficient funds because the price will continue to increase until next year, not only until the end of this year.

[bryant.coleman]

The more mature a market becomes the "safer" it is to enter. People that thought the market was not ready at 4k may think its good to go in now.
This is what you see with the big institutions as well. They need liquidity to put their massive funds into it. The higher the price, the more room there is to buy big.

The institutional investors have mopped up a lot of the available supply during the last few months. This is beneficial for the other investors, because these investments reduce the overall volatility. Institutional investors such as Grayscale are unlikely to dump their coins, and this means that the chances of a price crash gets lower. Also, these investors can be expected to store their coins more securely when compared to the institutional investors. A lot many times, corrections occur when hackers dump their stolen BTC in to the market. 

[amishmanish]

This is the first time that BTC is being bought in such large quantities by institutional buyers in a very public way.

The risk is still there but the upside is plenty for those who will invest as per their appetite and won't just FOMO. 2021 will see the Democrats back who love to keep a lid on things like privacy and anonymity. There could be a lot of virtue signalling coming Bitcoin's way. Then there is the uncertainty about stablecoins like Tether and how the SEC is going to treat them.

None of those things have changed for bitcoin. Only the price has changed. It was a worthy but risky buy at 4000 and is still so at 27K. People who are buying now, if they have deep enough pockets then they are not idiots.

27K is a lot for people like us stacking sats. Those who suddenly find that BTC is an opportunity not to be missed will easily throw 1-2 BTC worth into the market to get a jump over the like of us. The rich like to stay ahead. They are arriving in greater numbers than ever before. I think only those who will invest beyond their ability are the idiots. For the rest, its just an opportunity.

[Bitcoin-Pro]

I buy bitcoin when there is no good news.
I sold all my bitcoins after i heard many good news and FOMO in price  
Waiting to buy bitcoin again when all these good news disappear.

[acroman08]

Are people buying BTC @ $27000+ idiots?|

to answer your title, NO. this could have been said to people who bought bitcoin when it first reached $1000

investing in something even if it cost so much is not idiocy it will only become one if you are investing in it without knowing anything about it.

[alevlaslo]

56000 will be

https://bitcointalk.org/index.php?topic=1006631.msg54213860#msg54213860

[Bitcoin-Pro]

i'm old Bitcoin user, since it was ~$250
i used Bitcoin, and recently Litecoin, i can say Litecoin is much much much better than Bitcoin. and most similar to Bitcoin.

I used to buy cheap $20~$50 products using Bitcoin, years before things was very good, fees was low and i wasn't feel it's slow.
But recently and after i used Litecoin, i can say Bitcoin is the shitcoin. it has large fees and actually slow.
We can't stay blind and say Bitcoin is the best. Bitcoin is now is like old phone or old typewriter. We have now many crypto coins we can call it at least better.

I was holder for Bitcoin and Litecoin since long time. now i'm out from all crypto till i see how things goes.
I don't know why i have feeling all crypto will fall, but in total, Litecoin will has better future than Bitcoin.

Currently all crypto now are overpriced, and we should see fall in prices as long as there is no much increase in bitcoin difficulty in the recent days.

[Smartprofit]

Could have bought it in March this year for sub $4000.

Downside risk is much greater now than it was earlier this year.

Is it the mentally challenged that are getting fleeced right now.

I don't think people buying $ 29,000 bitcoins are idiots.  Their actions are quite rational.  They may have made big profits in 2019-20 by buying stocks.  Now they want to lock in their profits.  Taking profits in fiat currencies (such as US dollars or euros) is not very reliable.  After all, the issue of these currencies is virtually uncontrolled. 

Bitcoin is a deflationary asset.  With its growth in 2020, it has proven its reliability to everyone.  Satoshi Nakamoto created Bitcoin for just such situations. 

Bitcoin was created to counter the global economic crisis.  He copes with this task very well.

[shivamtrivedi9090]

Calling those people idiots is not the right thing. As all of us know that the bitcoin price is rising continuously. It just that those people believe in Bitcoin's potential and may able to manage the risk.
Definitely, those people have some sound future planning. An ordinary person with lower financial sources can't do that kind of dare. Maybe they are investors, high net worth individuals, big companies, and traders who want to get profits in a short time or for the long term.

[mindrust]

Same as always. Somebody has to buy it from these prices so it can go higher...

But there is another explanation which makes even more sense.

It is not the average Joe's that's buying right now I know that much.

I know it because I am an average Joe. 

[Awalt541]

You’re totally wrong, I dont want spit on you... but you much thing twice about what is bitcoin will be.
They’re not idiots, they are lucky cause got treasure for future.
ATH for lately is not last of bitcoin end. There’s will be more ATH for bitcoins.

You are funny one, spit on bitcoin then assuming are shit coins, means you still here then lickin’ the shit here. 

[kingplaya4]

It depends. Is it Joe Six Pack in America who just heard about on CNBC has carefully saved up 400k in savings and put it all into BTC at 28k? I would say that's foolish, although a gamble that might work out, but only if he can bear possibly seeing his net worth plunge by 75% before rising again. Is Joe Six Pack going to start buying BTC every month with extra savings? Then it doesn't really matter if he started out now or waits for it to come down 30% or whatever people are expecting. I have known about BTC since it was 300 bucks and learned how to buy it at that time. In theory I should have hundreds of coins, but I don't. It's probably for the best that I didn't because all I would have is regret anyways. My original account was hacked and everything taken by some dude in Turkey (or at least that is where the trail ended). My fault for not securing my account better. At least today's buyers have better security and more liquidity if needed.

[Dsdaq]

Some people will even buy at 30K, but that depends on individual perspective, knowledge and understanding of the market as well as the believe that the price will increase upwards. But for me I will observe btc at 30K to see how things will unfold.

[Smartvirus]

Buying Bitcoin at what ever price doesn't make any one foolish or an idiot. It's simply a perspective thing based on personal observation and analysis. Where others think and stop could be where the next persons line of thought begins.
Where you see failure or danger is where someone else sees opportunity that needs exploiting. It's simply individual difference and the end always determines how well the means to the end has been. I don't know what price is best but, buy Bitcoin when your comfortable at a given price. Too much procastination never yeilds any good result and be sure to make the right analysis as well.

[jetbird]

The landscape has changed. Institutions/deep pockets are the primary driver of price. People applying the usual playbook will be proved wrong. Shallow pullbacks until we get to much higher levels will be the norm for a while. Any major pullback will be short lived. They see where this will ultimately go, and have the patience to wait for it.

[Asuspawer09]

Some people will even buy at 30K, but that depends on individual perspective, knowledge and understanding of the market as well as the believe that the price will increase upwards. But for me I will observe btc at 30K to see how things will unfold.

Even what market price it is still worth it to buy bitcoin if you're investing it for a long-term investment, but for sure it's always better if your gonna buy at a lower market price because that just means it's a bigger profit.

Some use it as a strategy where they always invest in bitcoin all the time but just a small percentage of capital because they just believed that overall the cryptocurrency bitcoin will be the number one currency.

Personally, I'm surprised that bitcoin is still pumping in the market and almost reaching the 30,000k$, I already sell my bitcoin and hoping to reinvest in the future when the market price drop again.

[Karma24]

Buying bitcoin at an all time high is def not the move unless you're a long term holder (then maybe it could make sense but still..) the best thing you can do now is to wait it out usually the bull run  ends somewhere in january then the price will drop again (aka the bubble bursts) like what happened in the 2017/2018 bubble.

[hatshepsut93]

Buying bitcoin at an all time high is def not the move unless you're a long term holder (then maybe it could make sense but still..) the best thing you can do now is to wait it out usually the bull run  ends somewhere in january then the price will drop again (aka the bubble bursts) like what happened in the 2017/2018 bubble.

For majority of its existence Bitcoin was at all time high. This logic of "never buying at ATH" prevented millions of people from buying at $1 or $100 or $1,000. The only time where you shouldn't buy is the top of a bubble, which is not the same as ATH. No one can say that right now we're experiencing the peak of a bubble - it could be true, but it could also be just the beginning of a long bull run. This isn't the greatest time to buy Bitcoin, but it's also not a horrible time.

[Sithara007]

Buying bitcoin at an all time high is def not the move unless you're a long term holder (then maybe it could make sense but still..) the best thing you can do now is to wait it out usually the bull run  ends somewhere in january then the price will drop again (aka the bubble bursts) like what happened in the 2017/2018 bubble.

You can't term the current prices as "All Time High (ATH)" unless you are sure that the rally is over. That is not the case, as we expect the rally to last for at least a few more months. So basically, those who are making the purchase now are not buying the coins at ATH levels. There is a real chance that the exchange rate may go much higher than the current levels and you may never get an opportunity again to purchase coins at sub-30K levels.

[ice098]

Buying bitcoin at an all time high is def not the move unless you're a long term holder (then maybe it could make sense but still..) the best thing you can do now is to wait it out usually the bull run  ends somewhere in january then the price will drop again (aka the bubble bursts) like what happened in the 2017/2018 bubble.

It will depends on them , they bought bitcoin when the price is ceiling we cannot stop them if they want to buy it, at least they can make the price increase and it will be good for us, every opportunity is good, either they buy it in high price they need to wait so that they can have an increase in their asset, some of them are results of fomo, some of them are a real trader who can read and analyze chart so whether it will be high for us to bought still they know that bitcoin will climb the price more than their entry price.

[Pito001]

They are pushing price even further. At least, we can say thanks for them for this. as for me, its much better to buy on dips

[onooks]

Could have bought it in March this year for sub $4000.

Downside risk is much greater now than it was earlier this year.

Is it the mentally challenged that are getting fleeced right now.

MicroStrategy has purchased approximately 2,574 bitcoins for $50.0 million in cash in accordance with its Treasury Reserve Policy, at an average price of approximately $19,427 per bitcoin.
Source: https://twitter.com/michael_saylor/status/1334990791496884224

[pixie85]

It is better to buy if the price of bitcoin goes down or even with a correction but those who buy at the price of $ 27K are not a fool, they are the risky person with a positive mind and looking at bitcoin more important and valuable in the future. The ATH of bitcoin is just started, many ATH will come in the future.

Now it's above 29000 so I guess those buying at 27 weren't fools after all.

Banks were offering them negative rates or 1% a year if they were lucky and they made more by choosing bitcoin in less than a week.

If this keeps going this way we'll have 35 thousand dollar bitcoin by the end of January.

[BITCOIN4X]

I can buy bitcoins whenever I want and at any price and it's entirely my right. I don't have to listen to what other people have to say about how I use my money, but one thing I should always pay attention to is the risks. Regardless of the price we buy bitcoin for, we can be sure that it will be potentially profitable as well as the risk of harm. We all know that whoever invested in March 2020 and kept it until now, they have made a pretty big profit. But I believe some of them had sold their bitcoins when the profits were visible. When the investment has made 50% of the return, I believe people will consider the asset to sell it, especially one full of speculation and high volatility like bitcoin.

MicroStrategy has purchased approximately 2,574 bitcoins for $50.0 million in cash in accordance with its Treasury Reserve Policy, at an average price of approximately $19,427 per bitcoin.
Source: https://twitter.com/michael_saylor/status/1334990791496884224

The more capital you have, the more profit you can get. The greater the targeted profit, the greater the risk to be faced. This is normal in the investment world. Only experienced people might be willing to stake large sums of money on bitcoin at the right time. According to calculations, they have made a large profit and the investment was not more than 1 month successful.

[A62662]

It is better to buy if the price of bitcoin goes down or even with a correction but those who buy at the price of $ 27K are not a fool, they are the risky person with a positive mind and looking at bitcoin more important and valuable in the future. The ATH of bitcoin is just started, many ATH will come in the future.

Now it's above 29000 so I guess those buying at 27 weren't fools after all.

It can barely hold 29000, looks like the runup in price has come to an end, now that BTC has stopped rising, we might see a fall in prices next.

[chikading2016]

They are not idiots maybe they are a risk taker, or they buy bitcoin on that higher price to that the price can go up more and more. That is maybe thier way of making profit, but the only thing that important here is bitcoin reach an all time high this new year this was a good start of the year in crypto.

[pixie85]

It is better to buy if the price of bitcoin goes down or even with a correction but those who buy at the price of $ 27K are not a fool, they are the risky person with a positive mind and looking at bitcoin more important and valuable in the future. The ATH of bitcoin is just started, many ATH will come in the future.

Now it's above 29000 so I guess those buying at 27 weren't fools after all.

It can barely hold 29000, looks like the runup in price has come to an end, now that BTC has stopped rising, we might see a fall in prices next.

Since you wrote that BTC went from 29000 to 29340 on bitstamp. Please explain how it is "barely holding 29000"

Sure, we can all keep saying that it will correct hoping that we'll get it right and eventually someone will, but that's not how predictions should be made. You don't bet on every single number on roulette just to be able to say you got 1 right

[create_crypto]

Could have bought it in March this year for sub $4000.

Downside risk is much greater now than it was earlier this year.

Is it the mentally challenged that are getting fleeced right now.

If you want to catch the low you will never do it right.

And you know 27000$ look like big number, but 250$ also was a terrible big number 9 years ago.

[ene1980]

Some people will even buy at 30K, but that depends on individual perspective, knowledge and understanding of the market as well as the believe that the price will increase upwards. But for me I will observe btc at 30K to see how things will unfold.

It is really difficult to understand the market but if you have the patience and confidence to hold the coins for a much longer period of time even if the market goes down then there is nothing wrong in invest at any price as the market will recover eventually as we have seen throughout its short history.
There were many who invest at the top of the rally in 2017 and many burned their balance because they sold the coins at a loss and it took 4 years to reach those levels again and if you are investing when the market is high make sure you hold the coins even if the market goes down.

[Fredomago]

Some people will even buy at 30K, but that depends on individual perspective, knowledge and understanding of the market as well as the believe that the price will increase upwards. But for me I will observe btc at 30K to see how things will unfold.

It is really difficult to understand the market but if you have the patience and confidence to hold the coins for a much longer period of time even if the market goes down then there is nothing wrong in invest at any price as the market will recover eventually as we have seen throughout its short history.
There were many who invest at the top of the rally in 2017 and many burned their balance because they sold the coins at a loss and it took 4 years to reach those levels again and if you are investing when the market is high make sure you hold the coins even if the market goes down.

It took holders to wait for another fruitful years to see this rally, if you have that kind of patience and trust then the chance of
getting good profits from this market is very possible,.

You are idiot if you buy without knowledge since you'll jus be move by fuds and leads you in losing your investment.

But if you have good understanding and you are willing to take the risk waiting for market to bring you profits, whatever position
you place your investment it will still gives you profits just wait and achieved.

[Argoo]

For bitcoin to continue to rise in price, it needs to be bought at any price value. So let them buy. Of course, this kind of investment increases the risk. In my opinion, it is better to wait until bitcoin again goes to the price correction. I am sure that the profit in this case will be much greater than buying it at the current price.

[Mpamaegbu]

As somebody who’s been constantly buying & HODLING (selling nothing) since 2014,

Not selling at all during a bull run and rebuying back at crash isn't likely a good strategy. Except you're scared of losing your coin. Are you a non trader? You mean you won't take any profit during this bull run; is that what you're insinuating? Well, truth remains that if people don't engage in buying and selling AT ALL, Bitcoin won't have any value. If all everyone does is hodl it, the price will remain stagnant because of low liquidity. Those who sell from time to time are the real dudes making Bitcoin have bull runs from time to time. They also keep the network active too.

Therefore no, people buying now are not idiots. The idiots are the NOCOINERS with no BTC.

This is hasty generalization. People may not be buying because they're indigent and not necessarily because they don't want to.

[tsaroz]

I would not judge anyone just yet. There are many people we thought idiots making fortune with bitcoin.
Personally, I don't think 25K+ is a good buy price for long time holding. But for short term traders and day traders, no resistance and no support market are good for people who profit on price changes. I too bought BTC for 28500 and sold at 29500 (today) and bought it again at 29400 while the price is now over 29600.

[Casdinyard]

I would not judge anyone just yet. There are many people we thought idiots making fortune with bitcoin.
Personally, I don't think 25K+ is a good buy price for long time holding. But for short term traders and day traders, no resistance and no support market are good for people who profit on price changes. I too bought BTC for 28500 and sold at 29500 (today) and bought it again at 29400 while the price is now over 29600.

Indeed, but since we are lacking assurance of things in this market especially regarding continuous price increase, there will be people who will doubt investing at this point wherein the price is still high but there will be those who are optimistic with this industry that the price would still continue to rise in the future who will still invest Bottomline, as an investor you should know what to do whether to invest or not, both actions will be valid because investing is also subjective. If you are willing to take the risk then feel free to do so, and if not then that would still be fine. In my case, I will play it safely. I'd choose to invest at a lower market price in order to lessen the risk given that the market price always has a tendency to fall, which I would like to avoid in my investments.

[shoreno]

For bitcoin to continue to rise in price, it needs to be bought at any price value. So let them buy. Of course, this kind of investment increases the risk. In my opinion, it is better to wait until bitcoin again goes to the price correction. I am sure that the profit in this case will be much greater than buying it at the current price.

what if you dont have a patience  . its not necesarily to wait , thats why some are buying even at highs and you said that is the only way for the price to grow more which is true because there is a demand going .

 thats not sounds not risky because after they buy , price increase and they can just sell and take profit but if no one is buying , we will never see the price grow again . the wait is even more longer

[cryptomaniac_xxx]

I would not judge anyone just yet. There are many people we thought idiots making fortune with bitcoin.
Personally, I don't think 25K+ is a good buy price for long time holding. But for short term traders and day traders, no resistance and no support market are good for people who profit on price changes. I too bought BTC for 28500 and sold at 29500 (today) and bought it again at 29400 while the price is now over 29600.

Yes, and now it's $29,700, you can still make and squeeze profits, but you really have to understand how this intra day or day trading works because you might be swept and loss money. But it seems that you are a veteran already. And as I have said, there could be "idiots" buying @$27,000 and very happy to see the price today because they are going to be on the net positive and their portfolio growing at least. But they have to wait a bit, this is just the start of the year, many things can happen along the long.

[error08]

Some people will even buy at 30K, but that depends on individual perspective, knowledge and understanding of the market as well as the believe that the price will increase upwards. But for me I will observe btc at 30K to see how things will unfold.

It is really difficult to understand the market but if you have the patience and confidence to hold the coins for a much longer period of time even if the market goes down then there is nothing wrong in invest at any price as the market will recover eventually as we have seen throughout its short history.
There were many who invest at the top of the rally in 2017 and many burned their balance because they sold the coins at a loss and it took 4 years to reach those levels again and if you are investing when the market is high make sure you hold the coins even if the market goes down.

What do you mean? it didn't take 4 years, approximately 3 years, from 2017 to 2020. The market has changed since then, adoption and big investors drive the market to a whole new level, no wonder why the price of bitcoin continues to rise today to reach $29,864 as the new ath, $30 k is on the verge.
If the correction is about to happen at this price level, it won't take another 3 years to recover to this point. Imagine if history will repeat itself by the end of this year, reach a higher ath, probably $100k, then we know it may recover after the next halving in 2024 or faster than before.

[mich]

This current Bull run is not going to be stopping when we see Bitcoin price of $30,000 at least this my strong belief.

For this reason I have a position at $30,000 because I can see a similar trend to when we hit price point of $20,000. 

We shot through this price like nothing and the same will happen for $30k.

[XZERO1]

Could have bought it in March this year for sub $4000.

Downside risk is much greater now than it was earlier this year.

Is it the mentally challenged that are getting fleeced right now.

Well, those idiots are now able to sell their Bitcoin for about 10% more Fiat at $29,800.

That's the thing, you can never be sure that one asset is going to start pumping/dumping so those who bought when bitcoin was $27,000 just thought they could still be right and make some good profits and they were happen to be right this time.

You choose your entry price for your investments or trades based on your speculation on the market, and people can have different opinions about what happens to the market and if you're so sure that it's going to dump soon then you maybe should start shorting it.

[Thavash]

If BTC goes to $100k , you will still have more than a 300% return - so why not ?

[error08]

This current Bull run is not going to be stopping when we see Bitcoin price of $30,000 at least this my strong belief.

For this reason I have a position at $30,000 because I can see a similar trend to when we hit price point of $20,000.  

We shot through this price like nothing and the same will happen for $30k.

It seems to be true, hit $32k like it was nothing, keep climbing higher than many people predict it would be, the resistance is gone and conquered, it was $30k - $32k and now still trying to get higher, $30k is becoming a support level, the next target is $35k.
Now, who said bought bitcoin at $27k was a mistake? Absolutely wrong impression of how bitcoin is growing.

[Bitstar_coin]

I wonder what the op will say to people who are buying at 32k Surely some people must be buying thinking if they don't they will miss out on the bigger picture i.e when btc hit the speculated 50k sooner than later perhaps,  
Few days ago nobody believed btc could cross 20k let alone 30k but now see how magnificent this coin is, i believe those who will buy at this price will be long term holders.

[AakZaki]

yes there is nothing wrong with being a long-term holder. but you have to think about when is the right time to enter the market. Don't enter the market when the price is high and of course that also happens because it follows FOMO. currently Bitcoin is able to reach a high of $ 33k. The speculation of a bitcoin price that could reach $ 50k is still inexplicable, we still don't know how long it will take. Maybe daily, monthly or even yearly.

[rhodelmabanal]

Well we cannot blame them if they still believe that the price will continue to rise and they will still buy bitcoin in 27000$ because bitcoin is a coin that is more trusted than any other coin, if we look at the current price now it is already 31000$ which means 4 percent profit to those who buy bitcoin in the price of 27000$, crypto is always risky but the more risk the more the profit you may earn.

[Twentyonepaylots]

Just because they bought way after we did doesn't make us any wiser than they are. In all honesty the March Market isn't as promising as people made it out to be in the following months, $4k is a really far price from bitcoin's regular stable value and it wouldn't really surpise me if a lot of people dumped at that period. It's even more appropriate to say that we just got lucky at the time, that's why we're reaping the efforts, but were it to be the other way around, we're not the ones who will be laughing right now.

[rhomelmabini]

Those idiots probably are institutional investors and it might be an idiocracy in their mind but I think someone is eyeing that Bitcoin might hit that 1 trillion market cap. Might be idiot for shrimps but these whales still thinking it as a buying opportunity and I'll not be surprised if they made it to 4x or 5x from their initial investments.

[Wawa2013]

There is nothing wrong with buying Bitcoin at $ 27,000 or buying Bitcoin at its current price of $ 32,200. Because in the end we can still get
a profit if it is for long-term investment, and always use the money that we can afford to lose. So if the price of Bitcoin dumps we won't panic
because buying at a high price, because Bitcoin will definitely recover quickly. Imagine when it was true that someone bought Bitcoin at a price of
$ 27,000 now that person has made a profit. So it depends on everyone's plan, but I prefer to buy Bitcoin waiting for a correction first.

[Didgit22]

So I'm with a broker..deposited 5k ..they bought a bitcoin at 14234 in November now its worth 25k ish profit..happy days

[Viscore]

So I'm with a broker..deposited 5k ..they bought a bitcoin at 14234 in November now its worth 25k ish profit..happy days

It's $32,000 now, bigger profit, but if you sold at $25k it's still a good profit. People are happy and lucky at the same time if they bought a cheaper price and sold at the moment, anytime it will correct so beware, it's already in the history of bitcoin, we don't have to be affected by our emotion.

@ $27k,, I  think we are wrong here, people are not idiot if they sold at a higher price, but if they'll hold and later panic when correction comes, I think they are.

[TimeTeller]

So I'm with a broker..deposited 5k ..they bought a bitcoin at 14234 in November now its worth 25k ish profit..happy days

It's $32,000 now, bigger profit, but if you sold at $25k it's still a good profit. People are happy and lucky at the same time if they bought a cheaper price and sold at the moment, anytime it will correct so beware, it's already in the history of bitcoin, we don't have to be affected by our emotion.

@ $27k,, I  think we are wrong here, people are not idiot if they sold at a higher price, but if they'll hold and later panic when correction comes, I think they are.

There are really lucky people who believed in buying bitcoin, even bought at 25k level, you are still in good profit.
Now, is the OP still calling those users idiot, who bought btc at 27k? I guess, not.
Selling at the current price is already a very good deal. But maybe, some of them will hold as they will be waiting for it to go up for more.
But be very careful as the "correction" is very imminent in this case. We are enjoying this bull run, however, this is not forever.

[dunfida]

Could have bought it in March this year for sub $4000.

Downside risk is much greater now than it was earlier this year.

Is it the mentally challenged that are getting fleeced right now.

For people who had bought in 27k then they are now in profits since the price had reached or touched 32k in a short span of time.Making money is just really needing some sort of risk management.
If you can risk up on putting something where people are in doubts that this might be the peak then so be it but at least you do make stand on your own gut and intuition that the price might
shoot up even more but it did but to think that it would the same goes when it dropped. Good call for those who havent bought and bad luck to those who bought in 27k
but to face up the reality we are indeed making some cash at this moment on the current price.

[Swordsoffreedom]

Actually smart long-term hodler who have opened their long positions from below 5K price action are counting their profit now. If you missed that opportunity and wanted to buy above 20k then now it is another opportunity for you to hold your bitcoins over the year. look at the price action upward pressure is ongoing and weekly RSI gives bullish signals. Normally I didn't encourage people to buy at the top but those who bought below 30K are really a good decision to open a long-term position.

[sayaya17]

Every 4 years bitcoin demands price growth, due to reduced supply. So it’s actually not bad for those who buy bitcoin at $27K, and even
now bitcoin is already $32,597, so if you can’t  wait to sell at the  current price it’s  already  making a profit.  Especially if  you hold it for
a long period, then it will give you always good value. It’s just that you have to refrain if you get a correction in bitcoin.

[Question123]

People have right choice to buy bitcoin what ever price they want because that is their own money. The more money that people will be invested to the bitcoin the high chance it will increase and yes the value now is very high but it doesn't mean that it will not going up more because the more buyer we have the price will rise and I think it is really happen this year.

[ballexplorer]

The influx of fresh capital into the investment market continues. The monetary expansion by the central banks also continues. Bitcoin benefits from this and it will continue to benefit from it.
Nevertheless, there will be setbacks in the near future. Investor greed should make one pause. There are enough examples from the past.

[tanglong]

Could have bought it in March this year for sub $4000.

Downside risk is much greater now than it was earlier this year.

Is it the mentally challenged that are getting fleeced right now.

The answer to your topic is that the Bitcoin price is $32,600 now, the price is really terrible and people buy Bitcoin is reasonable. Bitcoin will continue to increase the strong price this 2021.

[lepbagong]

People have right choice to buy bitcoin what ever price they want because that is their own money. The more money that people will be invested to the bitcoin the high chance it will increase and yes the value now is very high but it doesn't mean that it will not going up more because the more buyer we have the price will rise and I think it is really happen this year.

completely agree, no matter how much he wants to buy bitcoin, of course with good planning and can be sure to have a lot of capital, because the value is already high.
if you are sure that it will increase, of course there is no need for fear that it will make him not act to buy it.
as long as he has the money he can decide what to do, other people can only come up with solutions that may not be followed either.

[ice18]

On the contrary people who bought at 27k are clever enough since btc current price few hours ago reached $33,333 so its a good profit if you already sold when you bought at 27k level but what I can see if for long term holding even you bought at the current price still very early just wait for this year and btc price will grow exponentially if the history repeats then we are still very early at this stage.

[coolcoinz]

The rule was proven to work once again and I don't remember how many times I told it to people here on this forum.
When you buy bitcoin you will make money. The only question is when. It doesn't matter what price you choose, all that will change is the date at which you'll be able to say that you made profit. It can take a year or 2 but eventually Bitcoin will go to a new high and you'll be set. That's all.

[suzanne5223]

When you buy bitcoin you will make money. The only question is when. It doesn't matter what price you choose, all that will change is the date at which you'll be able to say that you made profit. It can take a year or 2 but eventually Bitcoin will go to a new high and you'll be set. That's all.

The price when investors matter in some circumstances because most of the investors are impatient and they can't wait for the 2-3years when the market may start another bullish season.

On the contrary people who bought at 27k are clever enough since btc current price few hours ago reached $33,333 so its a good profit if you already sold when you bought at 27k level but what I can see if for long term holding even you bought at the current price still very early just wait for this year and btc price will grow exponentially if the history repeats then we are still very early at this stage.

I agreed those that bought @ $27K price were clever cause the market havent reach it total bullish ATH price since the altcoin market hasn't gained from the bullish trend but the market history may not repeat itself due to the private investors who may not understand the market momentum.

[RokokGudangGaram]

Could have bought it in March this year for sub $4000.

Downside risk is much greater now than it was earlier this year.

Is it the mentally challenged that are getting fleeced right now.

They are not idiots as we are not yet at the peak of the market so bitcoin is still has a room to grow or increase it's price but the buyer should be careful also as the bitcoin price can easily go down if the big whales will start to dump their assets.

Buying in this time is a little bit riskier compare to the time that bitcoin price is below $10k but if you can play wisely then I am sure that the investors can still profit even if they will buy bitcoin at $27k. So if you are planning to buy at this time then you should prepare yourself for the risk that you are going to face and make sure that you are going to monitor the market 24/7 so you can lessen your loss if in case there is a correction to happen.

[Bluto]

I can now say with the utmost certainty that they were not idiots

[bryant.coleman]

I can now say with the utmost certainty that they were not idiots

That is obvious now, as they are sitting on top of 30% profit. However, I remember the case of those who purchased Bitcoin close to ATH levels in 2017 December. I read the case of one couple from Japan, who invested a lot of their savings in to Bitcoin at around $18,000 per coin. One media outlet conducted an interview sometime in 2019, when the exchange rates were $4,000 per coin. I don't know whether they dumped their coins or not, but if they held onto them, then they will be very happy right now.

[jasonjm]

Could have bought it in March this year for sub $4000.

Downside risk is much greater now than it was earlier this year.

Is it the mentally challenged that are getting fleeced right now.

Well, they are not idiots, infect anyone who is buying bitcoin at any price is not an idiot. Many people bought the last pump and hold that for almost 3 years and now they are in profit. There might be a delay in profit but it will surely come when you invest in BTC. And as far as 27k $ is concerned, now btc is trading over 33k$ and whoever bought at that price is now in profit.

[Noctis Connor]

Well there are not idiots when they had money to buy why not? People if they really want something they make way to get it, you can't judge them by investing their money into bitcoin not because they didn't know before that bitcoin has it good potential in our lives that can help in our daily living since they want to be part of trading industry too. Even they missed the opportunity to buy bitcoin way back then it is still cool because they change their mindset to invest where they can really earn profit from it. for me having bitcoin is a big achievement .

But it will be better if they invested earlier than now, there were too many opportunities to buy before so it will be better if they will wait a bit for some correction and just study the market now. If they plan for much longer investment then buying now can still be a good option provided they will not withdraw it when the price decrease or when correction happen since we know that the price will eventually increase again after some correction.

yet they didn't know about bitcoin earlier nor in the past month which is when they saw it in the news they found that bitcoin is really giving an good profit to those who invested or buy bitcoin in the early days of bitcoin from the low price volume, and now some of the celebrities are advertising or they posting about bitcoin about it's legitimacy which is more better than before as you can see people having their doubts because of too many scheme website promising to give them back triple of their investment until they found out that it's all about scam. If they wanna do something then they should start investing in bitcoin before it's too late again.

[coolcoinz]

When you buy bitcoin you will make money. The only question is when. It doesn't matter what price you choose, all that will change is the date at which you'll be able to say that you made profit. It can take a year or 2 but eventually Bitcoin will go to a new high and you'll be set. That's all.

The price when investors matter in some circumstances because most of the investors are impatient and they can't wait for the 2-3years when the market may start another bullish season.

That's their problem. Psychological aspects of investors are not a problem of bitcoin. Bitcoin keeps going up and keeps reaching new highs despite what some impatient investors think or do. It's important to see the big picture and realize that there's no bad entry point. There are better and worse depending on how long you are able to wait for profit and that's all.

[DarkDays]

Every 4 years bitcoin demands price growth, due to reduced supply. So it’s actually not bad for those who buy bitcoin at $27K, and even
now bitcoin is already $32,597, so if you can’t  wait to sell at the  current price it’s  already  making a profit.  Especially if  you hold it for
a long period, then it will give you always good value. It’s just that you have to refrain if you get a correction in bitcoin.

I agree, buying BTC at 27K or at whatever price is still putting that person ahead of those critics who think they're better not capitalizing in BTC growth 'because the price is to high'.

These people will always be at a loss, never finding the courage to go in themselves...quite arrogant, I think. BTC is at its ATH and while a correction is on the way the new low will never the one we've seen before. This trend will continue in years to come

[A62662]

The decline seems to have started. BTC hit its high for the year and now is the start of a bear market.

[suzanne5223]

When you buy bitcoin you will make money. The only question is when. It doesn't matter what price you choose, all that will change is the date at which you'll be able to say that you made profit. It can take a year or 2 but eventually Bitcoin will go to a new high and you'll be set. That's all.

The price when investors matter in some circumstances because most of the investors are impatient and they can't wait for the 2-3years when the market may start another bullish season.

That's their problem. Psychological aspects of investors are not a problem of bitcoin. Bitcoin keeps going up and keeps reaching new highs despite what some impatient investors think or do.

It certainly their problems but it wont be good if such situation happen now that the pandemic have led to the lost of job, economic meltdown etc. However, for the healthy of the community and prevention of negative feedback on cryptocurrency cause most newbies impression is that they will automatically make money once they invested in the market.

It's important to see the big picture and realize that there's no bad entry point. There are better and worse depending on how long you are able to wait for profit and that's all.

There's no bad point but if theres no adequate knowledge about the market, investors won't know what to do once the market dip than sell for a lost price and I am saying this cause i have seen a lot of high-rank account holder been impatient when the market was in previous blood bath season so we need to be careful of the information we pass to others cause some actually see it as an invest advise.

[lukewannabe]

Since Bitcoin nearly hit $20,000 in December 2017, "Should I invest in Bitcoin?" became the most popular question, followed by the question "Should I buy Bitcoin now or is it too late?"
Actually, many experts forecasted, that BTC can be over $1M reach in the future. It is a potential future industry however.
So winning or losing investment depends on how you are going to invest and your knowledge about it. Nobody knows exactly whether the future of Bitcoin will rise or fall. They are not idiots buying $27000+ BTC.
Crypto is long-term investment!!! So if you only need to make money in a short time, then Bitcoin CFD (margin trading) is the best way for you. You can make money on spread regardless of whether the market trend is up or down. And also you do not need too much money because you can use leverage to expand your trade amount.

Besides, you can also try learning deeper about cryptocurrency. Many other currencies like Ethereum, Ripple,... are also very potential in the next few years. I have been researching and investing in several cryptocurrencies for 5 years. I really want to share my experiences but I just can’t write here all my thoughts and not everybody cares so if anyone cares, want to know how to start investing or any questions, feel free to write me an email lukewannabe0601@gmail.com

[Ryker1]

The decline seems to have started. BTC hit its high for the year and now is the start of a bear market.

Well, as you can see there is a correction and I think that was expected after there is a bull run happen, --but it does not mean that it will become a bear market. Once there is a correction it will follow a strong resistance which is possible that there is a bull market again and potentially can create another all-time high. Investing in bitcoin seems needs to have timing, but if you don't know when it is, just invest any time you want and hold until bitcoin will grow and immediately cut your profit.

[A62662]

The decline seems to have started. BTC hit its high for the year and now is the start of a bear market.

Well, as you can see there is a correction and I think that was expected after there is a bull run happen, --but it does not mean that it will become a bear market. Once there is a correction it will follow a strong resistance which is possible that there is a bull market again and potentially can create another all-time high. Investing in bitcoin seems needs to have timing, but if you don't know when it is, just invest any time you want and hold until bitcoin will grow and immediately cut your profit.

From what i can see from technical analysis during the last 24 hours is lower highs and lower lows, indicating at least a short term trend channel going lower. Thats not a good sign for whoever would want to make a quick buck.

[ene1980]

These people will always be at a loss, never finding the courage to go in themselves...quite arrogant, I think. BTC is at its ATH and while a correction is on the way the new low will never the one we've seen before. This trend will continue in years to come

It is hard to predict when we will see a correction, we have seen the influx of institutional investors dominating the market and the price has reached new heights which was unimaginable when i started and i have no idea when we might see a correction as i was expecting the correction long back and it never happened and it breached all the resistance with ease.

I am not investing at this point, i sold some of the alts i was holding and invested back in bitcoin and i will be booking that profit and then wait for the correction so that i could invest.

[A62662]

The decline seems to have started. BTC hit its high for the year and now is the start of a bear market.

Well, as you can see there is a correction and I think that was expected after there is a bull run happen, --but it does not mean that it will become a bear market. Once there is a correction it will follow a strong resistance which is possible that there is a bull market again and potentially can create another all-time high. Investing in bitcoin seems needs to have timing, but if you don't know when it is, just invest any time you want and hold until bitcoin will grow and immediately cut your profit.

After the all time high in around Dec 17th 2017, it went down, down and more down, until it bottomed out around 3000. Why on earth would that be different this year, the market mechanics are still the same as before, just with new players.

[Viscore]

The decline seems to have started. BTC hit its high for the year and now is the start of a bear market.

A decline is not that significant, and it's normal to see a decline so it could still rise again because bitcoin is not gonna move in one direction, what's happening is it rises high and decline a little, pretty normal movement for a bullish market, but more uptrend movement can be seen.

It's too early to tell, but with this high price bitcoin has already achieve, yes, it's possible that a correction will start.

[A62662]

The decline seems to have started. BTC hit its high for the year and now is the start of a bear market.

A decline is not that significant, and it's normal to see a decline so it could still rise again because bitcoin is not gonna move in one direction, what's happening is it rises high and decline a little, pretty normal movement for a bullish market, but more uptrend movement can be seen.

It's too early to tell, but with this high price bitcoin has already achieve, yes, it's possible that a correction will start.

I think the price has gone up so much and so quickly that bitcoin is in a very fragile place right now. Just a single piece of critical news like for instance if Binance had a major hack and lost a huge amount of BTC and altcoins, that would massacre the price of BTC.
And by the way, since BTC is now so much more worth than just a month ago, the more tempting it would be for a hackergroup capable of pulling off such a thing, more likely to happen.

Not to mention some sort of combined US, EUzone, China and Japan legislative trading/exchange intervention against BTC in general. Again since the price has moved so high, this might be more plausible than before.

[tinopener]

Maybe the correct term would be "late" since they have missed the opportunity to accumulate a larger fraction of bitcoin at an early date causing them to missed an opportunity of a good amount of profit. However, I think labeling people  who just recently bought their own coin as dumb isn't right. They may be late but the realization why they are purchasing bitcoin maybe different, it could be something related to achieve their financial sovereignty or perhaps an asset which could preserve their wealth for long ages.

Of course, as an average joe, I would think that buying bitcoin at once isn't a good idea especially if bitcoin's price keeps soaring. I would rather use "Dollar Cost Averaging" to stay ahead regardless of bitcoin's price movement instead of just staring at it like a dumb.

Yes. And even if people did lose their shirt, it would teach them a valuable lesson about investing that will make them better investors.

I bought into biotech at the peak 5 years ago, and it made me overly cautious ever since then as a sort of double whammy.

It's taken my 5 years to get over that episode, but I'm now glad it happened.

[Wulan_maniez]

$27K is a great opportunity to make a profit if you bought it yesterday, that if you believe that bitcoin will continue to the price of $30K
as at this time, bitcoin has reached $33.4xx on the exchange. Perhaps the current price is also very expensive for now,  but the current
price will provide an opportunity if in the future bitcoin has already reached $50K.

[Samthehero]

The decline seems to have started. BTC hit its high for the year and now is the start of a bear market.

A decline is not that significant, and it's normal to see a decline so it could still rise again because bitcoin is not gonna move in one direction, what's happening is it rises high and decline a little, pretty normal movement for a bullish market, but more uptrend movement can be seen.

It's too early to tell, but with this high price bitcoin has already achieve, yes, it's possible that a correction will start.

I think the price has gone up so much and so quickly that bitcoin is in a very fragile place right now. Just a single piece of critical news like for instance if Binance had a major hack and lost a huge amount of BTC and altcoins, that would massacre the price of BTC.
And by the way, since BTC is now so much more worth than just a month ago, the more tempting it would be for a hackergroup capable of pulling off such a thing, more likely to happen.

Not to mention some sort of combined US, EUzone, China and Japan legislative trading/exchange intervention against BTC in general. Again since the price has moved so high, this might be more plausible than before.

How secure are the Binance servers? Have they had any breaches in the past?

[ALLON2017]

Up rampers with million dollar predictions on social media, have driven the price up, a retrace back under 20k wouldn’t surprise.

[mezzaluna]

Could have bought it in March this year for sub $4000.

Downside risk is much greater now than it was earlier this year.

Is it the mentally challenged that are getting fleeced right now.

Well, people can still see that Bitcoin still has room to grow and from the moment that this post was created, Bitcoin surpassed the $30K barrier which is a great time for people who bought Bitcoin at $27K. We really cannot blame them because there is always too much risk involve in every possible investments that we make. There is also the fear of missing out so I guess they should just do whatever they want to get that peace of mind.

[A62662]

Could have bought it in March this year for sub $4000.

Downside risk is much greater now than it was earlier this year.

Is it the mentally challenged that are getting fleeced right now.

Well, people can still see that Bitcoin still has room to grow and from the moment that this post was created, Bitcoin surpassed the $30K barrier which is a great time for people who bought Bitcoin at $27K. We really cannot blame them because there is always too much risk involve in every possible investments that we make. There is also the fear of missing out so I guess they should just do whatever they want to get that peace of mind.

Fear of missing out is diminishing as we speak since it has stopped going up in price. FOMO can quickly be turned into fear of losing money.

[serjent05]

Could have bought it in March this year for sub $4000.

Downside risk is much greater now than it was earlier this year.

Is it the mentally challenged that are getting fleeced right now.

Looking back at this post, I wonder if he can still say that those people who bought at $27k  is an idiot.  The current price proves him wrong so those who replied in contrast with this point of view is proven correct.

Fear of missing out is diminishing as we speak since it has stopped going up in price. FOMO can quickly be turned into fear of losing money.

It will only take a little push to liven it again.  The hyped hasn't waned yet so just a little spark can trigger another price surge.  Though I agree, FOMO has always been followed by a market crash that causes lots of investors to lose money.

[AicecreaME]

I don't know what needs to be debated here, because whatever price of Bitcoin you're going to buy, it's still Bitcoin, the only difference it'll make is that you're not an early adopter meaning you're going to get less profits than those who first adopted Bitcoin. Now, the real idiots here are those people who are still saying that Bitcoin is just a scam after it hits almost $35,000 if I'm not mistaken.

So buy Bitcoin whenever you feel you wanted to do so, in no time, you'll be able to have profits if it's going to make another All Time High this year, that's for sure. Ignore your doubt, and just trust Bitcoin in the process, you'll never regret it.

[adzino]

Who is the idiot now? Look at the price. Those who bought at $27,000 is already in profit. If they want, they can continue holding or cash out their profits. You can't keep on waiting for the price to drop. What if the price never drops? Those who invest in bitcoin, I am sure are aware of the price volatility. They know the price might crash. Moreover, most of them are sensible and invests what they can afford to lose.

Could have bought it in March this year for sub $4000.

Downside risk is much greater now than it was earlier this year.

Is it the mentally challenged that are getting fleeced right now.

So you didn't buy at $4,000 and regretting it hence being butthurt? You can buy now..

[yohananaomi]

I don't know what needs to be debated here, because whatever price of Bitcoin you're going to buy, it's still Bitcoin, the only difference it'll make is that you're not an early adopter meaning you're going to get less profits than those who first adopted Bitcoin. Now, the real idiots here are those people who are still saying that Bitcoin is just a scam after it hits almost $35,000 if I'm not mistaken.

So buy Bitcoin whenever you feel you wanted to do so, in no time, you'll be able to have profits if it's going to make another All Time High this year, that's for sure. Ignore your doubt, and just trust Bitcoin in the process, you'll never regret it.

if we believe that bitcoin will reach renewable ATH why do we hesitate to buy it, because bitcoin is currently a short-term investment and can change quickly both down and up, you need to believe what you will do because you will get what you want.

but it is clear that only the big traders who enjoy the rise of bitcoin are only a few who can enjoy patiently to hold on to it, although many are forced to sell due to the prolonged pandemic.

maybe later when altcoins give surprise with renewable ath then many will enjoy the increase. so you want to make a fuss about bitcoin, only people who have large capital keep talking about it.

[Renampun]

Currently, the Bitcoin price is $ 39k++ meaning buy at $ 27k is not an idiot at all...
if you buy 1 Bitcoin at the price of $ 27k then in no time you will have made a profit of $ 10k +. *remember that to be successful you have to dare to take risks

[TedMosby]

Are people buying BTC @ $27000+ idiots?
This question now has a clear answer now.

The answer is NO.

Bitcoin price just hit a new All time high. When I type this post, the Bitcoin price is $39,645.46.

so those "idiots" should gets profits +46.78% by now.

More to come, it could be $40K today, tomorrow, or at least this week, I guess.

[Aliceooo78]

Depends on your perspective and what you believe in.
If you believe bitcoin will replace gold as the world's foremost storage of wealth, you probably believe bitcoin will be worth $400k+ in the future. If you believed that, I'd  argue you'd be a fool not to buy it at $40k with a 10x return potential.
If you believe bitcoin cap is $40k, I wouldn't buy right now.
Depends what you think

[cheezcarls]

Could have bought it in March this year for sub $4000.

Downside risk is much greater now than it was earlier this year.

Is it the mentally challenged that are getting fleeced right now.

I regretted not buying Bitcoin early in mid-2020. I was suppose to set price around $15k, but eventually it goes up and never backed down, which I'm really upset of my decision. I decided not to buy when it was around $19K to $20K until now because I was hoping for a pullback to my own set price of $15k.

For now, I'm just holding some Ethereum when it was still less than $200 and I've enjoyed the gains. 

[lifeforcepools]

I'm not buying now, I'm waiting for the price to reach its maximum to sell my assets.

[elisabetheva]

I'm not buying now, I'm waiting for the price to reach its maximum to sell my assets.

Of course if you already have savings with bitcoin is something you are happy about, but even if you want to buy there is nothing to be afraid of. maybe the problem is that the funds absorbed to buy at this time are quite large and only large traders are able to do it, but we can also buy in installments with the smallest value first.
but what you say is also a wise thing because all decisions will come to those who do it, not other people, success is always for you.

[JohnBitCo]

Currently, the Bitcoin price is $ 39k++ meaning buy at $ 27k is not an idiot at all...
if you buy 1 Bitcoin at the price of $ 27k then in no time you will have made a profit of $ 10k +. *remember that to be successful you have to dare to take risks

Everyone is buying bitcoin these days because the collapse of dollar is very near. As you print more and more fiat money, the value of the currency goes down. The US government is printing dollar non-stop and people realize that this will lead to lot more inflation in coming day.
Bitcoin will soon go to 50,000$ and then the current prices of bitcoin will also look cheap.

[Kong Hey Pakboy]

Currently, the Bitcoin price is $ 39k++ meaning buy at $ 27k is not an idiot at all...
if you buy 1 Bitcoin at the price of $ 27k then in no time you will have made a profit of $ 10k +. *remember that to be successful you have to dare to take risks

Everyone is buying bitcoin these days because the collapse of dollar is very near. As you print more and more fiat money, the value of the currency goes down. The US government is printing dollar non-stop and people realize that this will lead to lot more inflation in coming day.
Bitcoin will soon go to 50,000$ and then the current prices of bitcoin will also look cheap.

Indeed. Some people are continuously buying bitcoin because the US government is printing more money to cause inflation, making bitcoin their safe haven asset during the corona crisis. But we should stop buying more bitcoin because no one knows when bitcoin will make a sudden decrease again, and maybe whales are just waiting to reach their maximum price before they sell their assets.

[famelor]

I'm not buying now, I'm waiting for the price to reach its maximum to sell my assets.

Good to know. Forgot to pull out my maximum-detector

These discussions are always the same every few months/years, but of course, all individual circumstances should be taken into proper consideration when evaluating the current peak...

[A62662]

Currently, the Bitcoin price is $ 39k++ meaning buy at $ 27k is not an idiot at all...
if you buy 1 Bitcoin at the price of $ 27k then in no time you will have made a profit of $ 10k +. *remember that to be successful you have to dare to take risks

Everyone is buying bitcoin these days because the collapse of dollar is very near. As you print more and more fiat money, the value of the currency goes down. The US government is printing dollar non-stop and people realize that this will lead to lot more inflation in coming day.
Bitcoin will soon go to 50,000$ and then the current prices of bitcoin will also look cheap.

No. that's not entirely why they are buying it.
During tulip mania 1636-1637, the currency was gold and silver coins, and one tulip bulb bought a house at the hight of that pump. There was no inflation fear to speak of then, but there was plenty of FOMO, just like today. FOMO and a cartel of banks are driving the price of BTC up.
When will it end, only the banksters know, they are the ones that are pumping it. My best guess it that when the banksters have unloaded most of their BTC onto retail investors, that is when the collapse comes.

[aTriz]

Are people buying BTC @ $27000+ idiots?
This question now has a clear answer now.

The answer is NO.

Bitcoin price just hit a new All time high. When I type this post, the Bitcoin price is $39,645.46.

so those "idiots" should gets profits +46.78% by now.

More to come, it could be $40K today, tomorrow, or at least this week, I guess.

you were so damn right. Bitcoin already crossed $40k and now it's all time high is $41k.  this year will be huge for bitcoin. I am expecting it to cross $100k.

I'm not buying now, I'm waiting for the price to reach its maximum to sell my assets.

that's nice. but what maximum reach are you expecting? because for me bitcoin's maximum value would be more than a million dollars. what maximum target are you aiming mate?

[A62662]

A million dollars?? Are you completely insane or are you just high right now?
That would price Bitcoin at 18.6 Trillion dollars. That would make the Tulip mania look like a small time bubble. The entire US stock market is worth some 37 Trillion dollars, and the US stock market is considered a bubble.

Did you forget to take your medication? Or did you take too much medication?

Trust me, it will NOT go to a million, or even remotely close to that figure.

[karisiak123]

They could have bought $27,000 btc could even exceed that value. By thinking about long-term investments. And it's not an idiot, it can make people motivate themselves to see one's success.

[gabbiee]

Depends on your perspective and what you believe in.
If you believe bitcoin will replace gold as the world's foremost storage of wealth, you probably believe bitcoin will be worth $400k+ in the future. If you believed that, I'd  argue you'd be a fool not to buy it at $40k with a 10x return potential.
If you believe bitcoin cap is $40k, I wouldn't buy right now.
Depends what you think

As of this writing bitcoin already hit $40K I really regret not buying last year when it is still around $27 because by this time there is a big chance that what I have invested last year could have been doubled. We cannot really call them idiots because of how far bitcoin price can achieve.

[Sithara007]

Just looking back at the OP, the post was actually made less than two weeks back. It means that Bitcoin went from $27,000 to $40,000 in such a short time. Actually OP was right in pointing out that the investment should have been made when BTC was trading at $4,000 per coin. Well.. that was the logical thing to do. But again, the current rally proves that it is never too late to invest in cryptocurrency.

[Banulit]

Well we cannot eliminate the fact that these people who bought bitcoin in that higher price are FOMO which make the bitcoin value tend to go upward trend. But it is still a matter of time preservation if you really wanted to gain a good profit in hodling bitcoin like what some of my good friends are doing which made this a very good profit and passive income.

[A62662]

I firmly believe that when the banksters have unloaded most of their BTC onto retail investors, that is when the collapse comes.

You can try this yourself if you have enough capital with some low value shitcoin. Buy up most of the liquid float, then push it incrementally higher every day. Now you are pumping the shitcoin and it will rise in market value every day. You are the one in controll and also you are the one that controll when the pump ends and it collapses. The idea here is to unload most of your stash unto others at ever higher prices and you come out with a massive profit, most others lose most of their funds.

Try it, could be fun, wallstreet seem to be having a blast in Bitcoin.

[aoluain]

Could have bought it in March this year for sub $4000.

Downside risk is much greater now than it was earlier this year.

Is it the mentally challenged that are getting fleeced right now.

eh, we did buy earlier at $4000, and again at $8000, and again at $16000 and again today!

I spent my last available $'s today and bought 22,890 satoshi's, its called dollar cost averaging.

Come back to us when Bitcoin is $60000 when we are buying more.

just referring back to my post from earlier,
according to the OP we were all mentally challenged to be buying at $27k....

I guess the mentally challenged were those who didnt
@battle1doom

[manfredmann]

Those who bought @ 27K$ are actually earning now. They meaybe a idiot but this time they aren't and the idiot would be the one calling them idiot before when they bought the bitcoin @ 27K$. Though it was a bad decision they made but still they are lucky right now where bitcoin goes strong and are already @40K$. I know it is bad to call bad names but when someone started it then it will goes back to the sender many times.

[Question123]

People say those people who buy bitcoin to that value are idiot but look the price now they gaining more profit or the money they invested is already grow for sure. Those people who said investing in bitcoin is an idiot decision is the real idiot because they lost the opportunity to earn money and better to be happy now of what bitcoin is  already reached.

[A62662]

Those who bought @ 27K$ are actually earning now. They meaybe a idiot but this time they aren't and the idiot would be the one calling them idiot before when they bought the bitcoin @ 27K$. Though it was a bad decision they made but still they are lucky right now where bitcoin goes strong and are already @40K$. I know it is bad to call bad names but when someone started it then it will goes back to the sender many times.

Looks like we might be seeing 27K again soon, and probably go below it too, the buyers at 27K might still see a loss if they didn't sell already.

Funny thing!! Bitcoin is down more today ($6200), than you could have bought Bitcoin for during last year ($4000).

How long and painful will the bear trend of 2021 be? How low will it go in this bear downturn?

[Bitcoin577]

Bitcoin price hits 4k + and now falling very quickly and dumped to 35k+. Those who bought 2700$+ are now in good condition. at this time 3k+ trading is safe but above 35k is very risky. I think that's all about good investment.

[GideonGono]

Nope looking at the outcome of their investment for me they would be consider brave to take the risk and came out with a big profit.
Bitcoin manage to overcome it and continue to go up so those who took the risk at buying BTC at that point made the right decision to get in when they wanted.
Not everyone of us could have the same courage to invest in while the price was already high because some of us would wait for the price to fall before investing.

[death69]

The trend is your friend. What if you lose the opportunity forever? In investing or trading, there is no such thing call fool or idiot. At least if you can maintain your balance without burning all of them, you are still a player who are able to make money again. Waiting outside the line or jump onto a train are all good ideas. And see it for yourself, bitcoin is now more than $30000 already and those who bought bitcoin at $27000 surely earn a great amount of money. The earning profit might be even higher if they utilize margin trading

Don't judge other people about how they use their money. Only interrogate yourself if you use your capital effectively

[freedomno1]

Heh Bitcoin Crash Liquidates 262,344 Traders

[iTradeChips]

I won't call them idiots, because no one is. For one I was taught well by my parents not to disrespect people that I don't know of. That is really out of taste, and inappropriate. Many people call it a mistake to buy during the last bull run of 2017 but now they are reaping the benefits of crypto, in case you don't know. So in a sense those who are buying now, will certainly have to wait a little longer before their investments doubled or tripled.

[A62662]

So down 22% as of writing this IN ONE DAY, what will that look like in a week's time. Perhaps those who bought earlier at 27K will look very foolish indeed. Just 3k away and those guys are at a loss.

[sallybein987]

I know some people, who invest in BTC, when price was  39k. I fell this emotions.

[A62662]

I know some people, who invest in BTC, when price was  39k. I fell this emotions.

Buying after it has gone up 10X, from 4K to 39K, is just plain stupid, there is no other word for it. Greed and FOMO got them into that hot mess. Tell them to come back when it has dropped to below 10K. Then we can talk.

If your going to listen to the cheerleaders promoting BTC on the forum here, remember most of them have a cost per coin equal to the electricity they spent and the GPU/asic's. WAY below what it sells for now. Others have literally zero cost per coin.

[finn.cole]

The price of 27k wasn't that high. Today bitcoin has dropped to 33k. In my opinion, this's the right moment to buy it. I think that bitcoin will continue to grow. So while there is an opportunity to buy at 33k, then do it, because later you'll regret.

[A62662]

The price of 27k wasn't that high. Today bitcoin has dropped to 33k. In my opinion, this's the right moment to buy it. I think that bitcoin will continue to grow. So while there is an opportunity to buy at 33k, then do it, because later you'll regret.

It's a bubble right now. To go up that much that quickly is unsustainable. We'll have to see what the next few weeks bring, if 27K was too high a price for new buyers or not.

[scottsanderman12]

I know some people, who invest in BTC, when price was  39k. I fell this emotions.

Buying after it has gone up 10X, from 4K to 39K, is just plain stupid, there is no other word for it. Greed and FOMO got them into that hot mess. Tell them to come back when it has dropped to below 10K. Then we can talk.

If your going to listen to the cheerleaders promoting BTC on the forum here, remember most of them have a cost per coin equal to the electricity they spent and the GPU/asic's. WAY below what it sells for now. Others have literally zero cost per coin.

Maybe your words makes sense, but if price increases to 100k?

[Samthehero]

100K extremely unlikely, it is already ridiculously crazy overpriced at 34,000. I wouldn't hold my breath.

[sallybein987]

Analytic from PlanB sure about model S2F continues predicts bitcoin price.
In consider with this information in Q3 BTC increases in price to 100000k in 2021

[newwest]

100K extremely unlikely, it is already ridiculously crazy overpriced at 34,000. I wouldn't hold my breath.

In terms of price cannot say anything what is the right levels, under and overpriced levels. Now with institutions being buying it the price will rise till they start to sell in bulk. Which probably might have happened when it crossed 40k and now back to 34k price.

[scottsanderman12]

100K extremely unlikely, it is already ridiculously crazy overpriced at 34,000. I wouldn't hold my breath.

after 42k we saw 28% correction and price don't seem overpriced.

[hannahB4]

I will not say people but I will go with real investors are buying bitcoin at the rate and they are not idiot with the above mentioned price. You know the feeling you get when you see what you are holding increasing people who bought at this rate are still making profit if they decide to sell it off today. Investment is not a joke

[pinggoki]

They are not idiots, they are the one who are the late bloomers or what we called them as the person who is getting hyped after seeing the bitcoin price going higher and higher as time passes by. They are buying bitcoin at the price of $27,000 and think about those numbers if they buy on that price and sell on the price that hits $41,000 then probably they have a profit also. That's the real thing on investment as long as you take profit you are good enough.

[vaultman]

I hope that the author of this thread has already drawn conclusions for himself about the price of bitcoin. You need to be ready for anything and not limit yourself and your thinking to any framework. A month ago it cost 20 thousand dollars, and recently it is already 40, tomorrow it may cost 100 thousand dollars. The main thing is to analyze and draw the right conclusions from this. I believe that now you can even safely buy bitcoins at 40 thousand dollars per coin, since the price will only grow this year.

[BayAreaCoins]

Could have bought it in March this year for sub $4000.

Downside risk is much greater now than it was earlier this year.

Is it the mentally challenged that are getting fleeced right now.

I think so

[Sithara007]

Bitcoin will continue to go up, until some better technological alternative comes online. And in the near future, I don't expect any other innovation to replace Bitcoin. It has been in existence for more than 12 years, and till now none of the other cryptocurrencies have managed to topple it from the top position. It may not be a smooth ride, and once in a while we may have to deal with dips and corrections. But in the long term, we are guaranteed of positive returns. Forget about $27,000, even the current level ($37,300) is good enough to make an investment.

[zeingrind777]

Could have bought it in March this year for sub $4000.

Downside risk is much greater now than it was earlier this year.

Is it the mentally challenged that are getting fleeced right now.

I don't think buying at a high price is wrong. Those who buy at the highest prices are not idiots. If they believe in a bigger rise in the future they will hold on for a long time and they will still make a profit if in a few years bitcoin hits $ 100k

[fauzan123]

Could have bought it in March this year for sub $4000.

Downside risk is much greater now than it was earlier this year.

Is it the mentally challenged that are getting fleeced right now.

I don't think buying at a high price is wrong. Those who buy at the highest prices are not idiots. If they believe in a bigger rise in the future they will hold on for a long time and they will still make a profit if in a few years bitcoin hits $ 100k

I don't think that's a good thing, unless he has a strong mentality to risk losing. Why is that? because we will never know when it will happen, of course it must also be taken into consideration before starting to invest our funds in bitcoin.

because it is not impossible that in time we as investors also need financial suddenly.

[acquafredda]

Since when bitcoin started being exchanged for real world currencies, no price has ever been "fair" for people. In 2011 3$ was too much; in 2012 10$ was too much, in 2017 19000$ was too much and I hope you are getting the message here. I guess we are bound to keep listening to these words over and over again.
If you value btc then buy it, do that only if you truly understand what you have in your hands. If you do not understand what bitcoin stands for, then avoid yourselves the pain.

[oktana]

For those who have chosen to use Bitcoin as a speculative asset, Even though you buy at $40K, I don't think you're making any mistake. As long as people see the potential in Bitcoin, it's price will keep increasing. However, this will turnout better if you're hodling for long term.

[Viscore]

Since when bitcoin started being exchanged for real world currencies, no price has ever been "fair" for people. In 2011 3$ was too much; in 2012 10$ was too much, in 2017 19000$ was too much and I hope you are getting the message here. I guess we are bound to keep listening to these words over and over again.
If you value btc then buy it, do that only if you truly understand what you have in your hands. If you do not understand what bitcoin stands for, then avoid yourselves the pain.

Well said, bitcoin is not for everyone, it's only for people who understands its potential as an investment. For payment system, if you have fiat or other digital currencies where you are satisfied because you are not taking the risk, then there's no reason to buy bitcoin.

I have been in crypto for many years now and just like the newbie investors, I still make lots of mistakes but I'm still here because I trust bitcoin and its future. Now, you know what's in my mind? I just want to see it dump, to buy again!

[zeingrind777]

Could have bought it in March this year for sub $4000.

Downside risk is much greater now than it was earlier this year.

Is it the mentally challenged that are getting fleeced right now.

I don't think buying at a high price is wrong. Those who buy at the highest prices are not idiots. If they believe in a bigger rise in the future they will hold on for a long time and they will still make a profit if in a few years bitcoin hits $ 100k

I don't think that's a good thing, unless he has a strong mentality to risk losing. Why is that? because we will never know when it will happen, of course it must also be taken into consideration before starting to invest our funds in bitcoin.

because it is not impossible that in time we as investors also need financial suddenly.

If we want to invest, then we must be prepared to lose. I think all investors are aware of that before they invest.

We don't know when the asset value will double, therefore, the way to invest is not to put all the eggs in the basket.

So, an investor must be able to manage finances and must be able to distinguish money for needs and money to be invested.

[cyriljundos]

People bought at $27000 bitcoins are lucky because they bought it at lower price compare today that the bitcoin price reaches $36000 each. They are not actually idiot  that they bought it at $27000, if they decided to sell it today they will get higher profit and not holding it by now because the bitcoin price will eventually drop by the end of january.

[acquafredda]

Since when bitcoin started being exchanged for real world currencies, no price has ever been "fair" for people. In 2011 3$ was too much; in 2012 10$ was too much, in 2017 19000$ was too much and I hope you are getting the message here. I guess we are bound to keep listening to these words over and over again.
If you value btc then buy it, do that only if you truly understand what you have in your hands. If you do not understand what bitcoin stands for, then avoid yourselves the pain.

Well said, bitcoin is not for everyone, it's only for people who understands its potential as an investment. For payment system, if you have fiat or other digital currencies where you are satisfied because you are not taking the risk, then there's no reason to buy bitcoin.

I have been in crypto for many years now and just like the newbie investors, I still make lots of mistakes but I'm still here because I trust bitcoin and its future. Now, you know what's in my mind? I just want to see it dump, to buy again!

Do not wait for dumps, try to think about a strategy. Mix some good DCA strategy (pick a day of the month and by any amount you are comfortable with no matter the price) and if you really want to build your btc holdings try to trade on small movements like -+5%. If you can be consistent (and lucky) you may get some more btc. 

[acquafredda]

Since when bitcoin started being exchanged for real world currencies, no price has ever been "fair" for people. In 2011 3$ was too much; in 2012 10$ was too much, in 2017 19000$ was too much and I hope you are getting the message here. I guess we are bound to keep listening to these words over and over again.
If you value btc then buy it, do that only if you truly understand what you have in your hands. If you do not understand what bitcoin stands for, then avoid yourselves the pain.

Well said, bitcoin is not for everyone, it's only for people who understands its potential as an investment. For payment system, if you have fiat or other digital currencies where you are satisfied because you are not taking the risk, then there's no reason to buy bitcoin.

I have been in crypto for many years now and just like the newbie investors, I still make lots of mistakes but I'm still here because I trust bitcoin and its future. Now, you know what's in my mind? I just want to see it dump, to buy again!

Wait there, do not misunderstand me as I have never said that Bitcoin is not for everyone. Yes, Bitcoin is hard to understand with all its many intricacies which range from economics to mathematics yet it is possible to grasp its importance even without being technically savvy at all. It requires a lot of effort but there are no easy shortcuts in life, right?

[touseefahmad1999]

mate bitcoin is has not stable coin bitcoin will more fluctuate and moving graph everyday. whose investors who are much experienced in crypto field so they well know  about bitcoin potential. today bitcoin 37000$ and it will stop this price smart investors known how much potential in the future .
many investors still buy bitcoin they know about the bright future about the bitcoin. they have not idiot and they  buy more and more still now. first you have  own research on bitcoin not a financial advice to everyone and force them to buy bitcoin. it,s own risky so be careful before buy bitcoin

[EddyRobins]

People say "don't buy at the peak". That's wise advice in hindsight. The problem is when you're at the peak you don't know that you are there. Is this the peak or is it a "false summit". looking back i thought $20k was the peak. it clearly wasnt. So my view is yes its fine to invest at this price (as long as you can afford to lose a significant chunk if it goes pear shaped)

[LimLims]

People say "don't buy at the peak". That's wise advice in hindsight. The problem is when you're at the peak you don't know that you are there. Is this the peak or is it a "false summit". looking back i thought $20k was the peak. it clearly wasnt. So my view is yes its fine to invest at this price (as long as you can afford to lose a significant chunk if it goes pear shaped)

There is no fixed peak to be honest.
As no one has seen the future right, so it’s unpredictable what will happen.
Similarly there is no perfect time to buy or sell the coin. Whenever you can just do.
So seeing the date of the OP, Those have actually bought coins that time currently will be having more than 10k USD profit.
Rest is upto us.

[Argoo]

People bought at $27000 bitcoins are lucky because they bought it at lower price compare today that the bitcoin price reaches $36000 each. They are not actually idiot  that they bought it at $27000, if they decided to sell it today they will get higher profit and not holding it by now because the bitcoin price will eventually drop by the end of january.

Yes, in terms of prices in the current cryptocurrency market, buying bitcoin for $ 27,000 no longer seems stupid, but a reasonable decision. A few months ago, some were skeptical about the possibility of bitcoin to rise in price above $ 25,000 in the near future, based on the events of 2017-2019, when investors who bought bitcoin at a price of about $ 20,000 over the next three years saw a bear market and the price bitcoin at $ 10,000. However, the cryptocurrency market is developing and the situation is changing. With the current price of bitcoin over $ 37,000 and given that bitcoin has already crossed the $ 40,000 mark several times, even its price of $ 100,000 over the course of a year does not seem so fantastic.

[virasog]

Could have bought it in March this year for sub $4000.

Downside risk is much greater now than it was earlier this year.

Is it the mentally challenged that are getting fleeced right now.

I don't think buying at a high price is wrong. Those who buy at the highest prices are not idiots. If they believe in a bigger rise in the future they will hold on for a long time and they will still make a profit if in a few years bitcoin hits $ 100k

When you know that bitcoin is not a bubble, bitcoin is the new digital gold and bitcoin is here to stay then you will buy it even at 40,000$ and believe me you will be happy seeing bitcoin cross 100,000$ or more in coming days.

[Momoamzad]

Bitcoin means full of risk . Buying at $27k is not waiseable but if anyone can take risk to ou also cannot call them idiot . We do not know the price updown form. So it can be sucessfull in price like $38000from$27000. So I think everyone should take own risk

[A62662]

The ones that buy last and at the highest prices ARE the nitwits. They COULD have bought much cheaper and earlier, those who buy now will be left holding the bag with losses later on.

[Traderbtcc]

Of course yes, there will always be someone who will want to buy at the peak , but even if anyone bought at that $27k back then they would have probably made some profit off it after all the price of bitcoin is still above $27k till now, buying at the peak is very risky the market can either keep going up like it did or dump hard like it did in 2017  , it's never advisable to at the peak but I wonder why people still do it.

[Beparanf]

NO, they're not nitwits, there are still chances for us to put resources into bitcoins because there's an exceptionally risks that bitcoins cost goes up to $50,000 so individuals are getting it all the more quickly. At present, bitcoin cost is higher $29,000 we actually have the opportunity to snatch it. $50k isn't far so I guidance you to cause a major to put resources into bitcoin now before time slipping away

Right now, the number of Bitcoin users stand at less than 2% of the global population. As time progresses, this number will increase. Even during the correction phase of 2018-19, the user base was going up at a steady pace. Since Bitcoin is an asset which is protected against inflation, the expanding user base can only mean one thing - an increase in the exchange rates.

2% of the global population is already big considering the number of cryptocurrency out there with better feature than BTC. Don’t get me wrong but don’t assume all people on the world should use BTC alone. If the number of holders is your only basis for the price potential growth then you should rethink about it.

[A62662]

Why do I get the feeling a lot of the pumpers here only want to trick the stupid and the ignorant into putting their savings into the bubble we are in right now. Don't they have any moral backbone whatsoever, any moral compass to guide them in life.
Would they try to sell their own mother for a pile of cash?

It's all just about trying to squeeze the last few dollars out of the easily fooled nitwits out there that read their drivel, so they can maximise their own gain. No wonder the world is going to hell in a handbasket.

Let's just call them for what they really are - BASTARDS. Trying to prey on the weak minds of the world like that.

[Theory90]

never buy more than you can afford to lose and you wont look dumb.

[yohananaomi]

Could have bought it in March this year for sub $4000.

Downside risk is much greater now than it was earlier this year.

Is it the mentally challenged that are getting fleeced right now.

what you say seems unproven, even what you fear will decrease compared to the previous year is not clearly proven.
instead it is currently experiencing a sharp increase and this may also be beyond everyone's predictions. because the prediction that happened is that the increase will occur in 2021, but it could be faster than the existing estimates.
the increase in 2021 will still happen and we are just waiting to see that there will be renewable ATH again.

[scottsanderman12]

never buy more than you can afford to lose and you wont look dumb.

if you are good analytic and hold needed information you can buy btc on any price, but it also risky.

[Vageta420]

Threads in 2022 be like:

Are people buying BTC @ $250000+ idiots?

Could have bought it in December 2020 for 27k+.


People will buy BTC no matter the price. Whether it's 4k, 27k or 1kk.
BTC is a limited asset and demand for it will only rise.

[Nikole Fischer]

Threads in 2022 be like:

Are people buying BTC @ $250000+ idiots?

Could have bought it in December 2020 for 27k+.


People will buy BTC no matter the price. Whether it's 4k, 27k or 1kk.
BTC is a limited asset and demand for it will only rise.

Ahahahah they'll remember the price of 27k, cry and regret that they didn't buy bitcoin then 

[Marcus69Nio]

It seems to me that Bitcoin has a true potential for our future life. I agree with a point that Bitcoin is a swarm of cyber hornets serving the goddess of wisdom, feeding on the fire of truth, exponentially growing ever smarter, faster, and stronger behind a wall of encrypted energy.
Looks great, huh? Thanks to Michael Saylor

I've bought BTC at $28 000 because I have a confidence this asset will rise to the sky in the future. Perhaps, I won't get some crazy profits this year but it still a beneficial long-term investment.

[maxinevillegas]

Based on my experience, it's not wise to buy during the peak, bad idea. I'll just wait for the dip and then start buying.

[dre1982]

Based on my experience, it's not wise to buy during the peak, bad idea. I'll just wait for the dip and then start buying.

Well it's hard to define when it's a peak. I thought that already when it reached the $25k mark but after that it just kept rising.

It will goes down for sure after such rally but when and how deep knows nobody.

[dondonk]

Bitcoin can never give you benefit until you show profound humility. A decent inverter never sells his coins in frenzy regardless of how to dump the cost goes. In case you're a drawn-out financial specialist who is eager to contribute for quite a long time he'll morose favoured with benefit. For me there no terrible opportunity to put resources into bitcoins just put your asset and forget about it. Never watch the price chart daily it can make you disappoint. We can even now contribute because we're not mindful of the 2021 cost.

You are right, when we invest in bitcoin, we are always worried about the price that can immediately drop. we are watching the movement of the chart from day to day and that sometimes makes us panic. then forgetting and waiting for the good news is the best way.

[Alucard1]

That is hard about the world of cryptocurrency, the volatility makes us crazy with thinking of investing whether we should invest with the current value. With the value of bitcoin way back the month of March, some people think that bitcoin nay continues going down so they keep on selling and some keep on buying and investing it which is a great decision for them. As of now, it has a high risk when investing because the price of bitcoin is high maybe we should wait first to make it lower.

[Issa56]

From the little experience am having I don't think buying bitcoin above $30k is really a nice idea, Bitcoin currently I don't think price of bitcoin is predictable the only people I will advise to buy bitcoin now are people that are ready to hold for years.

[ballexplorer]

People who bought at 27,000 BTC have made good profits to date.
It remains to be seen whether the problems with the USDT will affect the BTC.
Ms. Lagarde's announcement that she wants to take action against cryptocurrencies can also have negative consequences.
In any case, it will continue to be highly volatile.

[CreativeCoin]

Those who bought BTC for 27k are in luck. Obviously yes) BTC is clearly growing and many people are buying and trading BTC on stock exchanges right now. Even buying BTC for 30K will pay off for those who know what to do with them.

[k@suy]

People who bought at 27,000 BTC have made good profits to date.
It remains to be seen whether the problems with the USDT will affect the BTC.
Ms. Lagarde's announcement that she wants to take action against cryptocurrencies can also have negative consequences.
In any case, it will continue to be highly volatile.

Indeed, we thought that bitcoin will not surpass the 27000usd ATH but as what we can see it touches the 40kusd ATH Last time so they are now having a profit, there's no wrong in buying coin at the top even when it is bull run as long as we read the charts and we technically know that it is not jus a fakeout or a fake breakout, so that we will not be left when the price goes lower than we expected.

[lepbagong]

People who bought at 27,000 BTC have made good profits to date.
It remains to be seen whether the problems with the USDT will affect the BTC.
Ms. Lagarde's announcement that she wants to take action against cryptocurrencies can also have negative consequences.
In any case, it will continue to be highly volatile.

It is very clear that it is certain that those who buy at the price you say are the luckiest people at the moment and not many will be able to experience it when a pandemic shakes the world. only large traders or companies are still able to do so, if individuals do not experience financial difficulties.
it seems that nothing has happened to date with that announcement.

Indeed, we thought that bitcoin will not surpass the 27000usd ATH but as what we can see it touches the 40kusd ATH Last time so they are now having a profit, there's no wrong in buying coin at the top even when it is bull run as long as we read the charts and we technically know that it is not jus a fakeout or a fake breakout, so that we will not be left when the price goes lower than we expected.

Indeed, it requires high confidence to be able to buy at a high enough price and if individuals certainly have large capital, which is usually still brave, of course, big traders and companies who know that bitcoin will reach renewable ATH. because he looked and analyzed a few months ago, it appears that bitcoin shows a very positive graph.
they will not be afraid of the current correction, they believe that this year bitcoin will make another new ATH.

[LimLims]

Based on my experience, it's not wise to buy during the peak, bad idea. I'll just wait for the dip and then start buying.

Alright I understand your sentiments.
But to be honest, people including me are still buying BTC at the price of 34k USD.
Btc will be hitting 50k USD by may, and nearly about 100k USD as quoted by some pro traders.
I don’t want 100k USD, i just want my BTC to be doubled lmao.
As always not to greed will be the best policy.
Let’s hope for the best and see where we will end at the last of the year.

[SaShiRaJaVu]

But to be honest, people including me are still buying BTC at the price of 34k USD.
Btc will be hitting 50k USD by may, and nearly about 100k USD as quoted by some pro traders.
I don’t want 100k USD, i just want my BTC to be doubled lmao.

I appreciate your confidence in investing your money at this price, i am a poor chap and hence i am not able to invest and my salary is pending for the past several months, can you explain why you are certain that the price of bitcoin will rally to $50k by May. It is possible that the price would rally and i have no idea how big it might reach before the bubble will burst eventually.

[Rexler]

Buying at top is typical fomo, but  it's certainly not a bad idea you could still make profit out of the market even when it's at the top, some people just prefer buying bitcoin only when they see it pumping, they want to get on the rocket after it's been launched, if you notice whenever bitcoin is dumping people are scared of buying, but whenever it's pumping everyone want s to buy some of it, just humans following their emotions.

[Zemomtum]

If the purpose is for long holding, they are not idiots but the wise one as long they are using capital that is not attached to any emergency need.

[Zemomtum]

If the purpose is for long holding, they are not idiots but the wise one as long they are using capital that is not attached to any emergency need.

[Fredomago]

But to be honest, people including me are still buying BTC at the price of 34k USD.
Btc will be hitting 50k USD by may, and nearly about 100k USD as quoted by some pro traders.
I don’t want 100k USD, i just want my BTC to be doubled lmao.

I appreciate your confidence in investing your money at this price, i am a poor chap and hence i am not able to invest and my salary is pending for the past several months, can you explain why you are certain that the price of bitcoin will rally to $50k by May. It is possible that the price would rally and i have no idea how big it might reach before the bubble will burst eventually.

There's no  basis aside from the opinion or specualtions of those so called experts according to his post, we are inside crypto industry and the market is very volatile.

The more you understand the flow the better opportunities that you have in terms of earning some decent profits.

Everything may happened so aside from expecting too much better also to expect the worse, it will build you if ever the market runs
to the otherside, always have additional plans it saves a lot.

[Pegiz]

These are either very rich people who do not know where to put their money, and on the wave of the increase they decided that such a tendency will continue, or really very risky investors who know something.

[Nikole Fischer]

These are either very rich people who do not know where to put their money, and on the wave of the increase they decided that such a tendency will continue, or really very risky investors who know something.

No, these are just people preparing for bitcoin to skyrocket. Now the price is 36k and this is almost 10k more than it was in December. That's why people who decided to buy at a price of 27k are cool. If you believe the forecasts then in a few months people will regret not investing in bitcoin in December 2020.

[Issa56]

From my research I don't think people that are buying bitcoin above $29+ are idiots currently everybody knows that the price of bitcoin is high compare to the price in few months back but I believe bitcoin is still very low to enter if you can enter bitcoin currently and you can hold it bitcoin is still going to pump massively in the nearest future and you won't regret buying at $29+.

[GeorgeJohn]

Its a choice to purchase bitcoin when the price is low or high because irrespective the time and when you purchase bitcoin you most have a profit, now someone purchase cryptocurrency especially bitcoin the price is higher it's not necessary that the buyer is at a lost side, because it might increase higher than the amount used to purchase, and it's very clear that some people buy btc for holding may be the purpose of purchasing now is to hold till two years coming or two years different before selling.

[Vishnu.Reang]

The logic being given is that BTC has already went up by 1000% between 2018 and 2020. But if that is the case, the same logic should apply everywhere else. The US stock markets have gone up by around 70% during the same period. Tesla stock increased by almost 2000% during the same period, but a lot of people are still investing in it. The reason being given is that the market for electric vehicles are growing at an astounding rate. Then the same reasoning can be applied to the cryptocurrency market as well, where the user base is growing at a rate of 5% to 10% per year.

[Leonnuvh]

For those who invest in Bitcoin for a long time, they will buy Bitcoin at any price, and they will treat these as investments, and they will always get benefits in the end.

[saddampbuh]

folks at my job called me idiot for buying around $800 in late 2013, back in the days when i needed to work for a living

[Obito]

folks at my job called me idiot for buying around $800 in late 2013, back in the days when i needed to work for a living

Too bad because you got the last laugh on the situation, that would be a lot of money if you are still hodling it right now or you already sold it at the ATH. Your coworkers are going to be envious if you tell them about your profit though, so you have to be low profile about it, if they ask you what happened to your investments in bitcoin, tell them that you had a loss, act like you really lost money. In my opinion, the only idiots in this situation are those who didn't try to go for it, remember that you already missed if you didn't take the shot.

[maxig.boroday]

In my experience, buying at the peak can really make you go lose specially when the bubble pops as the price will drastically go down but I think its not right to call them idiots since some of them might be a newbie or noobs in the cryptocurrency market.

They might have no choice but to buy the peak but imo thats not a good move at all specially for long term holdings , maybe on shorting it, it will work but not with longing it. Bitcoin price is pretty volatile as you can see so shorting/ swing trades for it will work.

[saddampbuh]

Too bad because you got the last laugh on the situation, that would be a lot of money if you are still hodling it right now or you already sold it at the ATH. Your coworkers are going to be envious if you tell them about your profit though, so you have to be low profile about it, if they ask you what happened to your investments in bitcoin, tell them that you had a loss, act like you really lost money. In my opinion, the only idiots in this situation are those who didn't try to go for it, remember that you already missed if you didn't take the shot.

so the thing is the price i bought for in 2013 was very nearly the ath, it then tanked after the mtgox scandal and lost most of its value for years, the trick is not to sell, i'm not a trader and i'm much less smart than alot of folks around here but i beat most of them by not selling, so can anyone who buys in at any price because long term it can only go in one direction

[dadach]

The thread instigators got rekt

[saffira]

I think it is not all about being idiot. Some are just late to know about bitcoin, others just want to buy without considering the rate history and the rest are long time holder. But basically , I agree this is not the right time to buy because the price is too high. For the buyers now, it is just a matter of patience.

[Amejoaquim]

Of course not, because everyone has different thoughts.

Maybe most of them who still buying in $27k+ thinking about the price of btc can rise higher than that.

So, they just follow what they believe.

[mich]

Well this aged for the favor of people who did buy at price point of 27,000

Now the question that we need to ask us is are people who are buying BTC at $37,000 + idiots? 

Because this is something I will be doing when I get my next pay check from work.

And I dont want to make myself feel like a idiot by doing this. 

[milewilda]

Well this aged for the favor of people who did buy at price point of 27,000

Now the question that we need to ask us is are people who are buying BTC at $37,000 + idiots? 

Because this is something I will be doing when I get my next pay check from work.

And I dont want to make myself feel like a idiot by doing this. 

And when bitcoins price hit up 57k+ then we would see another topic that do talk about "Are you buying BTC @57k+idiots? " Lol
and this will continue through ages because due to unpredictable price movements then its just really common to see these speculative kind of threads.
For people who do go for long term then they wouldnt really care if they would be called idiots because those people who calls are the ones to be called idiots
when the price had risen up above on the said price.To those who said idiots are the ones who buy in 27k then what are their words as of this moment when the price hits up 37k?

[bvoriue]

I would rather be an idiot than just see the price of bitcoin from year to year getting higher.
I think there is only 1 idiot, those who invest in scam projects that have no future value.

[KTChampions]

Well this aged for the favor of people who did buy at price point of 27,000

Now the question that we need to ask us is are people who are buying BTC at $37,000 + idiots? 

Because this is something I will be doing when I get my next pay check from work.

And I dont want to make myself feel like a idiot by doing this. 

Wow. Either you have a lot of optimism or a big pay check.
It seems to me that when investing in bitcoin, one must be prepared for the fact that the return on investment will have to wait 3-5 years. Accordingly, it is rather risky to invest money that is supposedly needed for living (usually people spend their salaries entirely on current expenses).

[globalpain]

i buy bitcoin over $ 27k to be exact at $ 30k am i an idiot? haha so funny, look at the price of Bitcoin reaching $ 40k ,
and I got a profit of more than 30%, For me it's a great thing to be able to buy it at such a low price, and my target is $ 50k.

[Sithara007]

i buy bitcoin over $ 27k to be exact at $ 30k am i an idiot? haha so funny, look at the price of Bitcoin reaching $ 40k ,
and I got a profit of more than 30%, For me it's a great thing to be able to buy it at such a low price, and my target is $ 50k.

I don't see any risk in investing at current levels ($40,000 per coin) if you are able to wait for 3-4 years. Because a lot of people who can't afford to wait for that long jump in to investing in BTC when the prices are high, and in the end they incur loses. I know a few people who purchased their coins at $12,000 or even $15,000 during December 2017. When the prices dived by 80% in 2018, many of them got disheartened and sold their coins at a loss. Only a very few persisted with their investment. So if someone is purchasing BTC at current levels, he should understand the risks in doing so. Because in case of Bitcoin, market corrections can last very long.

[mich]

Well this aged for the favor of people who did buy at price point of 27,000

Now the question that we need to ask us is are people who are buying BTC at $37,000 + idiots? 

Because this is something I will be doing when I get my next pay check from work.

And I dont want to make myself feel like a idiot by doing this. 

Wow. Either you have a lot of optimism or a big pay check.
It seems to me that when investing in bitcoin, one must be prepared for the fact that the return on investment will have to wait 3-5 years. Accordingly, it is rather risky to invest money that is supposedly needed for living (usually people spend their salaries entirely on current expenses).

I am making just enough to live a average middle class living style.  I do not mean to spend my entire check on bitcoin when I have a family to take care of.

[arufox]

Do you remember when it was December 2017 when Bitcoin pump so hard and almost reach $20K. If people buy it, do you think he crazy??

See the price now, it's 2x from the 2017 price. So same case here, even if he buy-in $27K+ that They will earn big profit depends how long they can hold it

The holder is the real champion

[Reatim]

Could have bought it in March this year for sub $4000.

Downside risk is much greater now than it was earlier this year.

Is it the mentally challenged that are getting fleeced right now.

But the thing is you did not so what can you expect from that? losing a chance to buy in super dip meaning you lost all the chances because there are many opportunities here in crypto.

There is no difference when the value of bitcoin reached 20,000 in 2017 when people says their frustration because of not being early adopters but when march 2020 comes they sell out instead of buying more .

So who is Idiot ? they are the people whos keep on looking for what is not in their reach .

[KTChampions]

I don't see any risk in investing at current levels ($40,000 per coin) if you are able to wait for 3-4 years. Because a lot of people who can't afford to wait for that long jump in to investing in BTC when the prices are high, and in the end they incur loses. I know a few people who purchased their coins at $12,000 or even $15,000 during December 2017. When the prices dived by 80% in 2018, many of them got disheartened and sold their coins at a loss. Only a very few persisted with their investment. So if someone is purchasing BTC at current levels, he should understand the risks in doing so. Because in case of Bitcoin, market corrections can last very long.

Wow. Your post reminded me of a difficult period for me. I was forced to sell ETH at $ 150-200  On the one hand, it was good that I had such a reserve and I was able to use it, but on the other hand, I did not receive a large profit if we reason from the point of view of today's prices.

[menoiazei]

apparently not!

[STT]

The market will always squeeze out as much supply as possible at every price point, high and low before continuing whichever direction has the most incentive for volume.

I've been watching the price around the elon musk high tonight and its also the 2 day average, I think its just below that at present but at 27k as per OP we have the area of the 50 day average and thats been the bottom price for this year so far.   50 and 200 day are fairly significant and as both are rising its still easily a positive market though we are prone to pull backs within that.

[virasog]

Could have bought it in March this year for sub $4000.

Downside risk is much greater now than it was earlier this year.

Is it the mentally challenged that are getting fleeced right now.

Sub 4000$ is a dream now. Only if we can move back in time and buy all the bags of bitcoin at 4K. 
If anyone still has not buy bitcoin and looking to buy at good price, i would suggest to buy at 21EMA. Sooner or later the bitcoin price will return to 21 EMA before bouncing heavily to another ATH.

[arufox]

There are no idiots if they buy cryptocurrency, even if so many people buy at a high price, you can't call them idiots. Because maybe they prepare it for the long term.  If you want to see the real idiot is people who buy in high and sell in dip because FUD

[rodskee]

Could have bought it in March this year for sub $4000.

That would be a 10 folds if you happen to buy that time , but who knows it will grow x10 in just almost a Year ?
actually it is almost x12 considering this is almost 48,000$ now.

Downside risk is much greater now than it was earlier this year.

well Downside is still not present up to now, yeah there is almost a fall recently when the value fell low to 27,000$ yet recovered now and making another memorable 47k $ level.

Is it the mentally challenged that are getting fleeced right now.

Nope it is not about the challenge but the capacity to risk and believe in Bitcoin .things that many don't understand.

[dre1982]

Could have bought it in March this year for sub $4000.

Downside risk is much greater now than it was earlier this year.

Is it the mentally challenged that are getting fleeced right now.

Sub 4000$ is a dream now. Only if we can move back in time and buy all the bags of bitcoin at 4K. 
If anyone still has not buy bitcoin and looking to buy at good price, i would suggest to buy at 21EMA. Sooner or later the bitcoin price will return to 21 EMA before bouncing heavily to another ATH.

We all expect a dump but the price still rising.

A lot of users expected a dump at $25k, $30k then on $40k and now it will be at $50k but if the good news keeps coming I dont see a reason to go lower.

[wheelz1200]

Could have bought it in March this year for sub $4000.

Downside risk is much greater now than it was earlier this year.

Is it the mentally challenged that are getting fleeced right now.

This thread didn't age that well eh.  In fact most of these posts don't age well.  To definitively say its a great time to buy or sell is rediculous.  All this volume and as soon as elon makes a tweet it goes up 15%.  The same can happen on the downside.  Nothing wrong with buying or selling at a particular price point depending on each person/situation it can both make sense.

[blckhawk]

Could have bought it in March this year for sub $4000.

Downside risk is much greater now than it was earlier this year.

Is it the mentally challenged that are getting fleeced right now.

This thread didn't age that well eh.  In fact most of these posts don't age well.  To definitively say its a great time to buy or sell is rediculous.  All this volume and as soon as elon makes a tweet it goes up 15%.  The same can happen on the downside.  Nothing wrong with buying or selling at a particular price point depending on each person/situation it can both make sense.

Indeed. There's nothing wrong with buying a certain price because no matter what happens the price will still increase over time. Even if you buy at a high price won't be a problem but bear in mind that if the market goes on the other side you will have no option but to hold it till the bull come again. But it is highly recommended or as much as possible buy at a low price if you find an opportunity then don't hesitate to grab it don't be greedy and wait for its price falls into the ground because no one really knows what will be the markets next move.

[Review Master]

We all expect a dump but the price still rising.
A lot of users expected a dump at $25k, $30k then on $40k and now it will be at $50k but if the good news keeps coming I dont see a reason to go lower.

Everyone just want a huge correction so that they can fillup their portfolio, but it's just pumping as more and more institutional investment is done within this month. Also, there are some rumars that Apple might get into cryptocurrency by using a payment gateway. If that's happen and more institutioanl adoption is done, BTC's bullish trend will hit a new level and $100k won't be a dream anymore. Back to main topic, traders are now in profits who took their position at $27k price zone.

[StreakW]

Are people buy a sports car at $1M idiots?? People buy something is not because they are idiots but it's because maybe they can see the chance or success there. It's also in cryptocurrency, People buy BTC at $27K idiots? Current price $46K, almost double.  I think you are an idiot why not buy at that price

[milewilda]

Could have bought it in March this year for sub $4000.

Downside risk is much greater now than it was earlier this year.

Is it the mentally challenged that are getting fleeced right now.

This thread didn't age that well eh.  In fact most of these posts don't age well.  To definitively say its a great time to buy or sell is rediculous.  All this volume and as soon as elon makes a tweet it goes up 15%.  The same can happen on the downside.  Nothing wrong with buying or selling at a particular price point depending on each person/situation it can both make sense.

Indeed. There's nothing wrong with buying a certain price because no matter what happens the price will still increase over time. Even if you buy at a high price won't be a problem but bear in mind that if the market goes on the other side you will have no option but to hold it till the bull come again. But it is highly recommended or as much as possible buy at a low price if you find an opportunity then don't hesitate to grab it don't be greedy and wait for its price falls into the ground because no one really knows what will be the markets next move.

You would really be ending up on holding for too long if you do buy bitcoin on high price.On what price can we particularly tell that we are already at the peak or top?
This is the hardest thing to determine thats why people not surprisingly buying off into those price even if we do say that they are somewhat on the peak.
This wont really be an issue if you do go for long term but for short term then its always best for go on cheaper price where you can really utilize on making profits in
short duration.It would be the most challenging thing at all when you do deal into this market.Price are unpredictable as always.

[Fakhrulenclix]

We all expect a dump but the price still rising.

A lot of users expected a dump at $25k, $30k then on $40k and now it will be at $50k but if the good news keeps coming I dont see a reason to go lower.

Yeah many people like this, and after they see the price keep increasing they will regret their actions, and talk to themselves. Why not buy it at $25K, $30K
Sometimes we think that bitcoin in peak price but keep increasing, also sometimes we think at the deep price but keep decreasing. The point is no one knows..
Buy and hold is the final answers

[arufox]

I think we must stop this discussion, the OP already regrets his statement because the current price of Bitcoin is almost double when he says people buy it is idiots. There are no idiots if invest in cryptocurrency, Bitcoin, Ethereum, and more. For long term will give big profits for sure

[NeverSop]

Could have bought it in March this year for sub $4000.

Downside risk is much greater now than it was earlier this year.

Is it the mentally challenged that are getting fleeced right now.

Those are the people who calculate, take the challenge and get rich their way.  Countless billionaires have realized things that we dare not think and dare to do.  In fact, there is a huge boundary between accepting loss and success.  It's like a hero and a criminal in a soccer match.  Lol

[fadhilz123]

Everyone can rich in crypto, and no idiot people, if they buy Bitcoin, no matter what price he bought it for. He will get profits if they can patient. If you thought that you could buy bitcoin cheaply, you are wrong. A lot of people now want to buy bitcoin for $ 27K but the price keeps increasing and they can't buy it for $ 27K

[StartupAnalyst]

Marathon Patent Group, Inc. spent 150 Million dollars to buy BTC when it was $31 000. Think, everyone saw this news here on Bitcointalk. Do you think they are idiots? Some clever traders make money on short. Are they also idiots? Maybe someone just knows more then you?

[keyscore44]

The cryptocurrency market is unpredictable. Everyone should make their own decisions.
When I posted a Tweet about DOGE in one group, its price has increased by 200% to that point. Someone commented that it is too late to buy because it is too expensive. After a few hours, when the DOGE price increased by another 200%, he did not answer anything when I asked him whether it is expensive now. The DOGE price then increased by another 400%.
The point is, we can't be exactly sure what's going to happen. Everyone should take the risk of investing according to his own research.

[cryptomaniac_xxx]

And now that we are about to hit $54k, those idiots should be making money already if they bought it at $27k. Lol. So the moral lesson is that it's not late to get into bitcoin right now, specially in a rally that we have been seeing in the last couple of months. Maybe you can say that they are idiots back then, but look today, they have profited already and if they keep on holding, they could make more money if they are going on long term investment, at least end of the year.

[JahriMeayer]

Its all about trust on bitcoin.after that crash of 2017, most of people deny to hold and trust on bitcoin cause bitcoin made themselves disappointed awfully.but even after that incedent, who trust again on bitcoin, btc itself hasn't disappointed again, rather those stupid people already make twich money of their invested capital and chilling with the profit now.now i also believe that buying bitcoin at any point, isn't bad decision at all

[scottsanderman12]

I’d like to get back to that when the BTC reaches $100K - that would be very funny

[KTChampions]

Marathon Patent Group, Inc. spent 150 Million dollars to buy BTC when it was $31 000. Think, everyone saw this news here on Bitcointalk. Do you think they are idiots? Some clever traders make money on short. Are they also idiots? Maybe someone just knows more then you?

Fun fact: if they decide to take profits and sell their bitcoins for $ 50,000 each, they'll take about $ 90 million out of the industry. To prevent this sale from affecting the bitcoin price, someone must make a purchase at such prices. I wonder how long will this buy-sell competition continue with buyer's advantage? Very high levels have already been reached and many investors are thinking about taking profits.

[JimboToronto]

You're never an idiot to buy Bitcoin.

You're only an idiot to sell Bitcoin unnecessarily.

Regardless of the price.

[SmokerFace]

NO, they're not nitwits, there are still chances for us to put resources into bitcoins because there's an exceptionally risks that bitcoins cost goes up to $50,000 so individuals are getting it all the more quickly. At present, bitcoin cost is higher $29,000 we actually have the opportunity to snatch it. $50k isn't far so I guidance you to cause a major to put resources into bitcoin now before time slipping away

[CoinFoxs]

You're never an idiot to buy Bitcoin.

You're only an idiot to sell Bitcoin unnecessarily.

Regardless of the price.

Totally agree with you, bitcoin will never give you loss it just take some time to give traders an handsome profit. Those who hold bitcoin from 2018 are billionaires now so don’t doubt the potential of bitcoin you will always get profit no matter at what price you bought bitcoin.

[aoluain]

Could have bought it in March this year for sub $4000.

Downside risk is much greater now than it was earlier this year.

Is it the mentally challenged that are getting fleeced right now.

This thread didn't age that well eh.  In fact most of these posts don't age well.  To definitively say its a great time to buy or sell is rediculous.  All this volume and as soon as elon makes a tweet it goes up 15%.  The same can happen on the downside.  Nothing wrong with buying or selling at a particular price point depending on each person/situation it can both make sense.

No the thread didnt age well, particularly the OP!
Make such claims is ridiculous. There is a philosophy here of "buying the dips" and
"dollar cost averaging". People are indeed free to buy and sell at any price to suit
their own needs but calling people idiots is wrong....as has been proven by this thread.

You're never an idiot to buy Bitcoin.

You're only an idiot to sell Bitcoin unnecessarily.

Regardless of the price.

Totally agree with you, bitcoin will never give you loss it just take some time to give traders an handsome profit. Those who hold bitcoin from 2018 are billionaires now so don’t doubt the potential of bitcoin you will always get profit no matter at what price you bought bitcoin.

[ballexplorer]

Many large investors have invested in the BTC. They know why. We currently have a technical reaction, which is normal after strong rises.
The trading volume and the interest of large corporations in BTC proves that the price will continue to rise.
That's why even normal people are not idiots for following the trend.

[Viscore]

Many large investors have invested in the BTC. They know why. We currently have a technical reaction, which is normal after strong rises.
The trading volume and the interest of large corporations in BTC proves that the price will continue to rise.
That's why even normal people are not idiots for following the trend.

Price will increase in the long run, hype brings only temporary pump but continues adoption will result to a better price in the long run, not only that, bitcoin market will also become more stable and it will not easily be manipulated since big holders or what we called as whales are divided.

[Lanatsa]

Many large investors have invested in the BTC. They know why. We currently have a technical reaction, which is normal after strong rises.
The trading volume and the interest of large corporations in BTC proves that the price will continue to rise.
That's why even normal people are not idiots for following the trend.

Price will increase in the long run, hype brings only temporary pump but continues adoption will result to a better price in the long run, not only that, bitcoin market will also become more stable and it will not easily be manipulated since big holders or what we called as whales are divided.

We don't need hype, we do need adoption but we cant really avoid not to have some hype in times likes these because it do really trigger out that kind of positive vibe

which would really result into more interest around the public or the community which will be the cause for more positive results.I do actually have those thoughts wayback where

those people who took risk on buying 20k+ to be fools but it turns out that those who had invested did really make out some serious profits in a short span of time.

This is the difference into those people who could take some risk and rewarded or able to benefit out compared to those who do sit up and wait.

[batang_bitcoin]

Many large investors have invested in the BTC. They know why. We currently have a technical reaction, which is normal after strong rises.
The trading volume and the interest of large corporations in BTC proves that the price will continue to rise.
That's why even normal people are not idiots for following the trend.

Not mentioning that the market cap has reached $1T for the first time. Although it has corrected and the current total market cap for bitcoin is $910B yet that's still a lot that has gained since last year. Those called "idiots" who have invested $27k or below $30k are rejoicing and would be proud of themselves that they've bought it at that price. We may not see those prices again for a long time or it's going to be a never until the end of this bull run cycle.

[arufox]

Not mentioning that the market cap has reached $1T for the first time. Although it has corrected and the current total market cap for bitcoin is $910B yet that's still a lot that has gained since last year. Those called "idiots" who have invested $27k or below $30k are rejoicing and would be proud of themselves that they've bought it at that price. We may not see those prices again for a long time or it's going to be a never until the end of this bull run cycle.

Yes, I agree with you, we may not see those prices again for a long time, or maybe Never ever see those prices anymore, Bitcoin's support line is so strong and +-2x from $27K. People who have knowledge know that $27K has potential for buying, But People who don't have knowledge like OP will say stupid

That's why knowledge is important

[keyscore44]

Not mentioning that the market cap has reached $1T for the first time. Although it has corrected and the current total market cap for bitcoin is $910B yet that's still a lot that has gained since last year. Those called "idiots" who have invested $27k or below $30k are rejoicing and would be proud of themselves that they've bought it at that price. We may not see those prices again for a long time or it's going to be a never until the end of this bull run cycle.

Yes, I agree with you, we may not see those prices again for a long time, or maybe Never ever see those prices anymore, Bitcoin's support line is so strong and +-2x from $27K. People who have knowledge know that $27K has potential for buying, But People who don't have knowledge like OP will say stupid

That's why knowledge is important

It's easy to criticize right now, but I'm sure if this post was written 2 years ago, most people would probably agree or even say that Bitcoin will never hit $27k.
The fact that someone has opened this thread is only speculation and has the right to do so. I am sure that there is no one here who would not make a mistake in their attempts to predict the price of Bitcoin. So let's not be so critical, because we cannot be 100% sure that this is not the beginning of the bear market.

[batang_bitcoin]

Not mentioning that the market cap has reached $1T for the first time. Although it has corrected and the current total market cap for bitcoin is $910B yet that's still a lot that has gained since last year. Those called "idiots" who have invested $27k or below $30k are rejoicing and would be proud of themselves that they've bought it at that price. We may not see those prices again for a long time or it's going to be a never until the end of this bull run cycle.

Yes, I agree with you, we may not see those prices again for a long time, or maybe Never ever see those prices anymore, Bitcoin's support line is so strong and +-2x from $27K. People who have knowledge know that $27K has potential for buying, But People who don't have knowledge like OP will say stupid

That's why knowledge is important

Knowledge and experience I say. And you'll see people quickly buying again, let's say if bitcoin drops hardly and it reaches $27k again.
You'll see a lot of them are happy to buy at that level because it's half and discounted from the ATH that we've met. However, we have our own price buying points and if they've missed buying at the lowest. They will say everything they want to say up to the point of telling things because of their disappointment.

[South Park]

No the thread didnt age well, particularly the OP!
Make such claims is ridiculous. There is a philosophy here of "buying the dips" and
"dollar cost averaging". People are indeed free to buy and sell at any price to suit
their own needs but calling people idiots is wrong....as has been proven by this thread.

What's funny is that most of the threads that have a spirit similar to this one do not ever age well, and that is because bitcoin has a tendency to make those people be completely wrong, what I do not understand is why people don't learn from their mistakes, if you take the time to read very old threads you'll see people that said that bitcoin will be completely unable to surpass a level an in only a few months or at worse a few years bitcoin surpasses that level easily, and it seems to me this tendency is going to continue for a very long time.

[Jating]

No the thread didnt age well, particularly the OP!
Make such claims is ridiculous. There is a philosophy here of "buying the dips" and
"dollar cost averaging". People are indeed free to buy and sell at any price to suit
their own needs but calling people idiots is wrong....as has been proven by this thread.

What's funny is that most of the threads that have a spirit similar to this one do not ever age well, and that is because bitcoin has a tendency to make those people be completely wrong, what I do not understand is why people don't learn from their mistakes, if you take the time to read very old threads you'll see people that said that bitcoin will be completely unable to surpass a level an in only a few months or at worse a few years bitcoin surpasses that level easily, and it seems to me this tendency is going to continue for a very long time.

Of course, bitcoin has proven many doubters wrong, those who bought at this price are still going to profit. And people created these baseless threads are surely spreading fears amongst us, specially newbies. Just 3 months ago, bitcoin breaks the $20k barrier, and now we are already in the $50'ish, give and take.

So it a span of 3 months, majority are making a lot of money but simply holding. But those who still doubt bitcoin will be left because they are the won who are really the idiots here.

[bitzizzix]

No the thread didnt age well, particularly the OP!
Make such claims is ridiculous. There is a philosophy here of "buying the dips" and
"dollar cost averaging". People are indeed free to buy and sell at any price to suit
their own needs but calling people idiots is wrong....as has been proven by this thread.

What's funny is that most of the threads that have a spirit similar to this one do not ever age well, and that is because bitcoin has a tendency to make those people be completely wrong, what I do not understand is why people don't learn from their mistakes, if you take the time to read very old threads you'll see people that said that bitcoin will be completely unable to surpass a level an in only a few months or at worse a few years bitcoin surpasses that level easily, and it seems to me this tendency is going to continue for a very long time.

Of course, bitcoin has proven many doubters wrong, those who bought at this price are still going to profit. And people created these baseless threads are surely spreading fears amongst us, specially newbies. Just 3 months ago, bitcoin breaks the $20k barrier, and now we are already in the $50'ish, give and take.

So it a span of 3 months, majority are making a lot of money but simply holding. But those who still doubt bitcoin will be left because they are the won who are really the idiots here.

And their stupidity is because they don't make good use of these prices and because they never want to find accurate information about bitcoin developments and analyze bitcoin movements in the market, which in my opinion is very clear the increase continues.
They don't realize that over the past 3 months the movement of bitcoin is so clear and easy to read that it will continue to increase, plus good news from big companies, famous people and so on.
and all the news that will increase the price of bitcoin which in my opinion is easy to read news and the movement of bitcoin for 3 months that should be put to good use.

[Arkann]

Perhaps idiots can be called exactly those people who refused to invest their funds in Bitcoin at a price lower than $ 10,000 a year and a half ago, expressing your lack of confidence in BTC, and today they are trying to make a profit and buy Bitcoin at a high price. At least if you take into account those predictions that say Bitcoin will reach $ 100,000 or more in the near future, then even $ 50,000 can be a good price.

[CapGelatik]

Perhaps idiots can be called exactly those people who refused to invest their funds in Bitcoin at a price lower than $ 10,000 a year and a half ago, expressing your lack of confidence in BTC, and today they are trying to make a profit and buy Bitcoin at a high price. At least if you take into account those predictions that say Bitcoin will reach $ 100,000 or more in the near future, then even $ 50,000 can be a good price.

that's the nature of humans, when the price is still cheap people don't want to buy it, when the price is high they buy it and the result is they don't know when to sell it, this is the same as this case, why not buy bitcoin when the price is still below $ 10k? or still under $ 30k? when it reaches $ 50k everyone buy it and I'm sure many are still holding Bitcoin at this time, we don't know whether bitcoin will reach new ath again or will repeat the history of dumps in 2018, the important thing is don't forget to cut lose if it feels frustrating, because otherwise your losses will be even more!

[Red Pie]

Considering that the price of bitcoin hovered around $ 50k, neither those who bought at $ 10k nor those who bought at $ 20k did it wrong. There has been a steady gain for buyers of all levels up to $ 40k.

[Torque]

OP's post history shows him/her a shitcoiner from nearly day one.

Go figure. 

[South Park]

What's funny is that most of the threads that have a spirit similar to this one do not ever age well, and that is because bitcoin has a tendency to make those people be completely wrong, what I do not understand is why people don't learn from their mistakes, if you take the time to read very old threads you'll see people that said that bitcoin will be completely unable to surpass a level an in only a few months or at worse a few years bitcoin surpasses that level easily, and it seems to me this tendency is going to continue for a very long time.

Of course, bitcoin has proven many doubters wrong, those who bought at this price are still going to profit. And people created these baseless threads are surely spreading fears amongst us, specially newbies. Just 3 months ago, bitcoin breaks the $20k barrier, and now we are already in the $50'ish, give and take.

So it a span of 3 months, majority are making a lot of money but simply holding. But those who still doubt bitcoin will be left because they are the won who are really the idiots here.

And yet people do not see this, I wonder if the difference between us and the rest of the population is that we are able to see the big picture and think long term? I have noticed that most people have a very short frame of thinking spanning a few hours and at most a few days, this is why they see the price of bitcoin and they they think it has reached its limit while for us this is just the beginning because we can see all the factors that point out to an even brighter future for bitcoin than what we are seeing right now.

[JimboToronto]

Perhaps idiots can be called exactly those people who refused to invest their funds in Bitcoin at a price lower than $ 10,000 a year and a half ago

How about those who refused to invest their fiat in Bitcoin when it was less than $4k less than a year ago.

The real idiots are those who actually sold for less than $10k.

[Sithara007]

How about those who refused to invest their fiat in Bitcoin when it was less than $4k less than a year ago.
The real idiots are those who actually sold for less than $10k.

At least the idiots who sold for less than $10K had some coins in their wallets. The real idiots are those who still refuse to believe in Bitcoin. Less than 1% of the world's population is having a significant amount of BTC in their wallets. So I would say that the most foolish behavior is being displayed by the remaining 99% people. I feel bad for those who sold their coins at lower prices. But at least they were among the 1% who believed in BTC.

[casperBGD]

How about those who refused to invest their fiat in Bitcoin when it was less than $4k less than a year ago.
The real idiots are those who actually sold for less than $10k.

At least the idiots who sold for less than $10K had some coins in their wallets. The real idiots are those who still refuse to believe in Bitcoin. Less than 1% of the world's population is having a significant amount of BTC in their wallets. So I would say that the most foolish behavior is being displayed by the remaining 99% people. I feel bad for those who sold their coins at lower prices. But at least they were among the 1% who believed in BTC.

actually agree, you could have some BTC in your wallet, and sold it for something else, or in case of need, and that is perfectly fine
you catch the Bitcoin revolution, made something, and introduced yourself into something new

but if you do not want to get familiar with Bitcoin at any stage, and especially today, it is ignorant (would not call it stupid or idiot) and would probably cost you money

[kotajikikox]

Could have bought it in March this year for sub $4000.

Downside risk is much greater now than it was earlier this year.

Is it the mentally challenged that are getting fleeced right now.

If we are idiot buying at 27k then what can you call those who bought in 50k?

and what can you call me because i even planning to buy when the price comes to 100k because all my extra income will go to Bitcoin investment?

We are not idiot , instead we are the true Bitcoin believer that no matter what happen we will Purchase and use bitcoin if necessary .

[newwest]

How about those who refused to invest their fiat in Bitcoin when it was less than $4k less than a year ago.
The real idiots are those who actually sold for less than $10k.

At least the idiots who sold for less than $10K had some coins in their wallets. The real idiots are those who still refuse to believe in Bitcoin. Less than 1% of the world's population is having a significant amount of BTC in their wallets. So I would say that the most foolish behavior is being displayed by the remaining 99% people. I feel bad for those who sold their coins at lower prices. But at least they were among the 1% who believed in BTC.

The worst part I feel are the literate ones who know the existence about the bitcoin but still considering this as a useless asset or the bubble which can become worthless in coming time. Well good thing that few understood their mistakes when they said earlier about bitcoin and now started atleast investing in it.

[Sithara007]

The worst part I feel are the literate ones who know the existence about the bitcoin but still considering this as a useless asset or the bubble which can become worthless in coming time. Well good thing that few understood their mistakes when they said earlier about bitcoin and now started atleast investing in it.

Don't underestimate the power of propaganda. A lot of FUD and propaganda is still directed towards cryptocurrency, painting it as something not backed up by real assets and mostly used by criminals. Personally I found it very difficult to explain the idea of Bitcoin to people who are over the age of 50. They are wary of various online scams and think that Bitcoin is just one of these scams. People such as Warren Buffet and Janet Yellen have a lot of influence and a large portion of the potential investors believe these people when they say that Bitcoin is a bubble.

[Luqman]

If we are idiot buying at 27k then what can you call those who bought in 50k?

Just ignore him, bro. He didn't understand how the crypto market works. 
Bitcoin prices always increased from the first halving to the current halving, so why we are worried to buy at $27,000. Look at the current Bitcoin price, it is already around $50,000 - $55,000. Just imagine how big the Bitcoin price at the next halving?
By the way, people who bought the Bitcoin at $27,000, already got big profits now. And I am not sure with @Battle1doom, his last active January 01, 2021. I suspect he regretted not buying at that time and quit already.

[South Park]

If we are idiot buying at 27k then what can you call those who bought in 50k?

Just ignore him, bro. He didn't understand how the crypto market works. 
Bitcoin prices always increased from the first halving to the current halving, so why we are worried to buy at $27,000. Look at the current Bitcoin price, it is already around $50,000 - $55,000. Just imagine how big the Bitcoin price at the next halving?
By the way, people who bought the Bitcoin at $27,000, already got big profits now. And I am not sure with @Battle1doom, his last active January 01, 2021. I suspect he regretted not buying at that time and quit already.

Yes and yet he was bold enough to call out people buying bitcoin for such price, despite its volatility the price of bitcoin is not completely random, the halving is as good of a signal for a increase in the price that you will get in any other asset, then when we add the pandemic, the increase in the rate at which countries were creating money and the increase in their debts it was a given the price will keep increasing and yet for some reason the OP thought 27k was the limit.

[batang_bitcoin]

The worst part I feel are the literate ones who know the existence about the bitcoin but still considering this as a useless asset or the bubble which can become worthless in coming time.

They can change their minds but sadly the early people who had sold had their regrets just like me. 

Well good thing that few understood their mistakes when they said earlier about bitcoin and now started atleast investing in it.

Yes, as I've said, they can always change their minds and learn from the others. If they wouldn't change their minds, they would be buying at the top like $100k or when it has reached a certain really high price. They always have kept that motto of seeing before believing.

[roosbit]

If price crashed to $10 maybe you could say that,  but I don't see bitcoin going this low because of the price mechanism being used.
Atm More people are holding and still want to acquire more btc for the long term has the number of coins available for purchase keeps reducing which will cause price to rise for the few you can buy.
As this keeps going on, the coins in circulation will reduce and any one that wants will be made to pay a premium as price will be three four times more than $27000.

[boltz]

Personally , I wouldn't call anyone who hold Bitcoin an idiot or anything similar so have some respect. I think it's up to anyone to buy and hold as much Bitcoin as he wants at whatever price he wants.

After all , those who bought on 27000$ are now happy and smart because they bought maybe one of the last dips before the actual pump to come. Even those who bought of 60k$ should be smart enough to hold because Bitcoin always recovers, there are no doubts.

[Evgenklm]

we are all smart when we go back and remember if I would have bought it then...and so I could not imagine that bitcoin would soar so high, so now people who bought for 27 thousand$ is also in good profit, I think bitcoin is now the most investment-attractive cryptocurrency.

[Ludmilla_rose1995]

Personally , I wouldn't call anyone who hold Bitcoin an idiot or anything similar so have some respect. I think it's up to anyone to buy and hold as much Bitcoin as he wants at whatever price he wants.

After all , those who bought on 27000$ are now happy and smart because they bought maybe one of the last dips before the actual pump to come. Even those who bought of 60k$ should be smart enough to hold because Bitcoin always recovers, there are no doubts.

That's right. I agree with you. Whatever the price of bitcoin we buy, there is no need to be afraid of falling prices in the market, because sooner or later, the price will recover. And a phrase that often appears on social media indeed says "Holder is Winner".

[DU18]

Personally , I wouldn't call anyone who hold Bitcoin an idiot or anything similar so have some respect. I think it's up to anyone to buy and hold as much Bitcoin as he wants at whatever price he wants.

After all , those who bought on 27000$ are now happy and smart because they bought maybe one of the last dips before the actual pump to come. Even those who bought of 60k$ should be smart enough to hold because Bitcoin always recovers, there are no doubts.

That's right. I agree with you. Whatever the price of bitcoin we buy, there is no need to be afraid of falling prices in the market, because sooner or later, the price will recover. And a phrase that often appears on social media indeed says "Holder is Winner".

those who dared to take the risk by buying bitcoin at a price of $27K of course are now enjoying the results of their decision and in my opinion they are people who are lucky enough to invest in bitcoin and vice versa, those who don't buy bitcoin when the price is cheap are the ones who lose and maybe even a lot of people who laughed at other people when they bought bitcoin at the price of $27K and now those who laugh at it finally have to cry when they see the price of bitcoin has doubled right now .
For those who are optimistic and believe in bitcoin of course they will buy bitcoin and keep it as long as possible.

[buwaytress]

Personally , I wouldn't call anyone who hold Bitcoin an idiot or anything similar so have some respect. I think it's up to anyone to buy and hold as much Bitcoin as he wants at whatever price he wants.

After all , those who bought on 27000$ are now happy and smart because they bought maybe one of the last dips before the actual pump to come. Even those who bought of 60k$ should be smart enough to hold because Bitcoin always recovers, there are no doubts.

Yeah, I'm the same. There are no idiots, and no smart people, retrospect is what gives us all these labels. I think we can at most call ourselves fortunate to still be in a position to make decisions either way and end up winning.

Even sellers at 27k and 60k are all part of why we are where we are now. Credit where it's due. No sellers, no buyers, no market.

we are all smart when we go back and remember if I would have bought it then...and so I could not imagine that bitcoin would soar so high, so now people who bought for 27 thousand$ is also in good profit, I think bitcoin is now the most investment-attractive cryptocurrency.

Fortunate, not smart. Bitcoin has always been the most "attractive" crypto for investment.

[carrigan]

Buying BTC at a price of $27000, you say idiots, and the current price is $39,522 and has increased to $63,500. Are those idiots?

Look at the time when he created the thread? It was December 28, 2020.
You can check BTC price at that time, so you know why Battle1doom predicted the price to drop $4000.
We cannot blame a price prediction of any people, it is okay. But unfortunately, Battle1doom said bad words "idiots". This is untrue and probably hurt other people, especially those who really bought $27k and above.

[STT]

considering this as a useless asset or the bubble which can become worthless in coming time.

Value is subjective, do you have a need for this product, service, commodity, debt, stock or whatever.   If you dont have a genuine need then you speculate on those that might and the market price can easily be nonsense.   Any commodity can be worthless at some time or other, even gold was left on the floor as a useless rock by nomadic tribes who couldn't use that weighty yet soft metal for anything and they were not wrong especially.   Yet here we are where gold is highly valued over many years; same for BTC in a valid way some may reject and refuse it any value and thats right for them but worldwide I think BTC has a use and increasingly so as FIAT is unreliable and dominated/devalued by politics not economics.

[asrinur]

Could have bought it in March this year for sub $4000.

Downside risk is much greater now than it was earlier this year.

Is it the mentally challenged that are getting fleeced right now.

I think the person who bought BTC at the time of $27k is very lucky now that he has made 2x profit where the price of BTC is now up $41k. In fact there are idiots who expect a price drop below $4k. My advice is that you should be able to study the chart properly and find the right information about the development of the bitcoin price so that you can get the opportunity to make a satisfying profit.

[erep]

In fact there are idiots who expect a price drop below $4k. My advice is that you should be able to study the chart properly and find the right information about the development of the bitcoin price so that you can get the opportunity to make a satisfying profit.

Although some predict the market will decline but it is impossible for btc to fall below $4k, the price of $36k may be a very low price if the market is resistance. Instead, the support for the market is increasing perhaps until the end of the year as the main factor of crypto adoption is getting wider including in NFT and gaming genres.

[Tumanggor]

how come those who buy Bitcoin at $ 27000 are idiots, look how much Bitcoin price now, it's past $ 40k
those who think the price of $27k is too high are idiots

Bitcoin is on its way to $100k, buy what you can afford
the current BTC price is not high if we compare it with the past ATH BTC

[19Nov16]

I agree with @boltz. Nobody should call someone who made an investment when the price was really high like that. It's all people's choice in the end. Some people prefer to buy from the dip. Some people like to buy at high levels. And some of them can do both. It's up to people's strategies. Not everyone has the same strategy.

Yes it is true, by saying that then people who are trading bitcoin now are certainly idiots for not buying bitcoin when the price was below $1 which happened 11 years ago, bitcoin is still a trend and looks like it can last for at least another 10 years so we still have a chance to profit even if you buy at any price.

[DU18]

I agree with @boltz. Nobody should call someone who made an investment when the price was really high like that. It's all people's choice in the end. Some people prefer to buy from the dip. Some people like to buy at high levels. And some of them can do both. It's up to people's strategies. Not everyone has the same strategy.

Yes it is true, by saying that then people who are trading bitcoin now are certainly idiots for not buying bitcoin when the price was below $1 which happened 11 years ago, bitcoin is still a trend and looks like it can last for at least another 10 years so we still have a chance to profit even if you buy at any price.

in an investment we cannot guess what will happen in the future, but what is certain is that in investing we need courage to take risks, in this case we know that bitcoin is an investment asset that is indeed fluctuating and all possibilities can happen, either experiencing losses nor get big profits, just like the stupidity of a pizza buyer who uses bitcoin and also the courage to take risks like that of the pizza seller   .

[zanezane]

how come those who buy Bitcoin at $ 27000 are idiots, look how much Bitcoin price now, it's past $ 40k
those who think the price of $27k is too high are idiots

Bitcoin is on its way to $100k, buy what you can afford
the current BTC price is not high if we compare it with the past ATH BTC

Maybe if you paid attention to the age of this thread, you would know, probably at that time the price was around that point and they thought that it's the peak for bitcoin after the halving and we would see it go down again. They were idiots back then but as time goes by, you see that they're quite the opposite.

[asrinur]

In fact there are idiots who expect a price drop below $4k. My advice is that you should be able to study the chart properly and find the right information about the development of the bitcoin price so that you can get the opportunity to make a satisfying profit.

Although some predict the market will decline but it is impossible for btc to fall below $4k, the price of $36k may be a very low price if the market is resistance. Instead, the support for the market is increasing perhaps until the end of the year as the main factor of crypto adoption is getting wider including in NFT and gaming genres.

I also predict that the decline in BTC this time will not be the same as what happened in 2018 where the decline in the price of BTC and other crypto coins decreased by 70%. I'm sure the BTC price will hit a new ATH next year.

[MiF]

In fact there are idiots who expect a price drop below $4k. My advice is that you should be able to study the chart properly and find the right information about the development of the bitcoin price so that you can get the opportunity to make a satisfying profit.

Although some predict the market will decline but it is impossible for btc to fall below $4k, the price of $36k may be a very low price if the market is resistance. Instead, the support for the market is increasing perhaps until the end of the year as the main factor of crypto adoption is getting wider including in NFT and gaming genres.

I also predict that the decline in BTC this time will not be the same as what happened in 2018 where the decline in the price of BTC and other crypto coins decreased by 70%. I'm sure the BTC price will hit a new ATH next year.

It is really not the same as before, bitcoin this year is more bullish than what we expected last year. I think people who buy Bitcoin at 27k$ is not ediot in fact they are now making a huge profit if they still hold their bitcoin until this time. I think we don't need to judge if they want to buy bitcoin in high price,because we don't know if the price will continue to rise or fall in the next day.

[Obito]

~snip

so the thing is the price i bought for in 2013 was very nearly the ath, it then tanked after the mtgox scandal and lost most of its value for years, the trick is not to sell, i'm not a trader and i'm much less smart than alot of folks around here but i beat most of them by not selling, so can anyone who buys in at any price because long term it can only go in one direction

You saying that you aren't the smartest of the bunch is making me think that your patience and luck just aligned in the right places because you were able to wait it out, and I am happy for you that you were able to hold out to this day and enjoy big profits that your colleagues can only dream of.

[Chato1977]

Could have bought it in March this year for sub $4000.

Downside risk is much greater now than it was earlier this year.

Is it the mentally challenged that are getting fleeced right now.

so what more those who bought in 50 and 60k? they are crazy ?

if those who bought in December at 27k surely made their funds more than 140% more in second quarter of this year lol

[jakdanyel]

No investor can be seen as idiots just because they don't buy from the levels you buy. Buying from a low level is always more profitable but it doesn't mean that people who buy from a high level are doing wrong. They can also make a lot of profit in a long time period. Maybe they will make less than the buyers who bought the dip but they will.

[Kusman]

We could say many things like "You could have bought at this level or that level." etc.. But it is not a meaningful thing to say. Because noone knows what is going to happen even tomorrow. People don't want to leave it to chance and they make their investments when they think it's time. Everyone has different strategies in the end. We shouldn't judge them for accumulating when the price is high.

[Oilacris]

We could say many things like "You could have bought at this level or that level." etc.. But it is not a meaningful thing to say. Because noone knows what is going to happen even tomorrow. People don't want to leave it to chance and they make their investments when they think it's time. Everyone has different strategies in the end. We shouldn't judge them for accumulating when the price is high.

People who do call those investors idiots are totally those people who do have doubts on joining in and arent really that risk takers and when the time comes that the price had rose up then this is the time
they would really be having those regrets and become bitter person and make out some words and that would continue on next possible price conditions.

Price is way too unpredictable and people does have different level of risk management and make out decisions depending into their own view and preference.

Idiots? You dont have right on calling them idiots but rather risk takers.

[STT]

Whatever the ideal low its not unreasonable to scale an entry into a position for reasons we've just seen, it never reached the ideal buy price.


Right now is time to be I'd say is more correct for apprehension in an ironic way to favor actual trading setups because we've fulfilled the reversal of the prior sell, it could take some time to move on from here.  I would not guess that absolutely but its far harder to buy here rather then the lower price which gave more leeway upwards.   So long as we stay above the weekly average I'd say its best to stay positive in attitude to further gains.
  41k is about the weekly average now and 39k the prior range top which held for quite a while, above those two we're positive going forward.

[Rasa nanas]

Could have bought it in March this year for sub $4000.

Downside risk is much greater now than it was earlier this year.

Is it the mentally challenged that are getting fleeced right now.

so what more those who bought in 50 and 60k? they are crazy ?

if those who bought in December at 27k surely made their funds more than 140% more in second quarter of this year lol

why do you say they are crazy?
those who buy at $50K won't lose as long as they don't sell their bitcoins. they just need to be patient and keep holding the bitcoins they have until the bitcoin price goes up again. bitcoin price did not fall too far and recovered faster than we imagined, the chance for bitcoin to reach a new ATH before the end of 2021 is still quite wide open.

[Twinscoin2017]

Could have bought it in March this year for sub $4000.

Downside risk is much greater now than it was earlier this year.

Is it the mentally challenged that are getting fleeced right now.

so what more those who bought in 50 and 60k? they are crazy ?

if those who bought in December at 27k surely made their funds more than 140% more in second quarter of this year lol

why do you say they are crazy?
those who buy at $50K won't lose as long as they don't sell their bitcoins. they just need to be patient and keep holding the bitcoins they have until the bitcoin price goes up again. bitcoin price did not fall too far and recovered faster than we imagined, the chance for bitcoin to reach a new ATH before the end of 2021 is still quite wide open.

I agree on that you will only loss if you sell your holdings in loss, but if you hold it till the time that the price rise 5 to 7x percent from the purchased price then you will surely earn, this is how it goes and this is the only strategy to earn, and the most important here is the patience.

[StreakW]

Could have bought it in March this year for sub $4000.

Downside risk is much greater now than it was earlier this year.

Is it the mentally challenged that are getting fleeced right now.

Not. If you expect the price of bitcoin to drop below $4000 then you are dreaming and I don't think your wish will come true. The price of bitcoin has broken records at the beginning of this year, even now the price of bitcoin continues to increase despite a decline a few weeks ago. Therefore, my advice is that you should learn more about and always monitor BTC price movements so that you can take advantage of opportunities to profit in investing in bitcoin.

[Porfirii]

Could have bought it in March this year for sub $4000.

Not. If you expect the price of bitcoin to drop below $4000 then you are dreaming and I don't think your wish will come true. The price of bitcoin has broken records at the beginning of this year, even now the price of bitcoin continues to increase despite a decline a few weeks ago.

Anything could happen, and even when most of us foresee a bright end of year, price could drop for any reason (well, below $4.000 sounds too dramatic to be honest )

Don't we all wear laser eyes until 100k?

[CLS63]

Why are these people called "idiots" just because they bought when the price was $27k?  There is no ideal price standard for Bitcoin. You can buy whenever you want as it is your choice. If the goal is to HODL, then it doesn't matter much that you bought at a high or low level. You just learn to be patient and set a price goal for yourself. Leave the rest to Bitcoin. Maybe you will wait for weeks, months or years to reach your goal. But it will be worth it at the end.

Of course the ones who buy the dip are very lucky. They have a potential to make a much bigger profit than the others if they make right decisions about their investments.

[AmoreJaz]

Why are these people called "idiots" just because they bought when the price was $27k?  There is no ideal price standard for Bitcoin. You can buy whenever you want as it is your choice. If the goal is to HODL, then it doesn't matter much that you bought at a high or low level. You just learn to be patient and set a price goal for yourself. Leave the rest to Bitcoin. Maybe you will wait for weeks, months or years to reach your goal. But it will be worth it at the end.

Of course the ones who buy the dip are very lucky. They have a potential to make a much bigger profit than the others if they make right decisions about their investments.

and right now, i guess the OP will changed his mind calling those who bought at 27k idiots? because even if they bought it at that price, look at what we are now? it surpassed the 60k+ mark and now, we are still in the 46k level. so not bad for few months of waiting.
in this market, there's no right or wrong entry, as long as you know where to get out, or sell it higher than your buying price.

[BobK71]

No investor can be seen as idiots just because they don't buy from the levels you buy. Buying from a low level is always more profitable but it doesn't mean that people who buy from a high level are doing wrong. They can also make a lot of profit in a long time period. Maybe they will make less than the buyers who bought the dip but they will.

I agree with you. Crypto market is volatile so here lower buying rate is not available. In some situation it can be happen. I think those who are buy btc at $27000 they made good decision at that moment. Now btc price more then $45000. If any one buy it at the current range definitely they will also make profit but needs to wait. After all those who are believe in crypto today or tomorrow they will be successful.

[Issa56]

.

[STT]

Whats ironic is its less idiotic to believe the lows then accepting the highs are accurate, we have it upside down very often; attention is best paid after a fall and/or with the lowest prices.
  What I noticed in 2017 year start was that the lowest prices are far more reliable then the highest prices, the trend followed on the lows is really regular and dependable.   Of course its hard to tell in the moment especially when everyone feels negative but again in 2021 I think we should be having more confidence thats the lows are quite reliable vs the highest prices which whip back and forth pretty wildly often.

Its hard for me to tell if price suffers at 45k from further negativity but I hope to not doubt so much when we are closer to the lower price range; it tends to be more solid foundations for all the other prices that occur above.


Theres nothing on this picture bar the 50 week average but look how consistent the price (closing) was when in that area, it varied but ultimately we tended to hit bottom and rise back to about the 35k area.  That year average is going to be at about 39k for this month end September, I would guess thats the true fight when volume and momentum clash.   Again it'll be red at the time but Im trying to remember how often the lowest prices tend to catch hold and stick in pattern better then the flaky higher price trend.   I think 39k to 35k is going to be a proper fight, each weekly bar may struggle submerged below the yearly average but I'm looking for buoyancy to resolve above that MA ultimately.