Are people buying BTC @ $27000+ idiots?

[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.