Are people buying BTC @ $27000+ idiots?

[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

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[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.