Are people buying BTC @ $27000+ idiots?

[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.