Are people buying BTC @ $27000+ idiots?

[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.