Are people buying BTC @ $27000+ idiots?

[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.