Are people buying BTC @ $27000+ idiots?

[Oilacris]

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.

People who do call those investors idiots are totally those people who do have doubts on joining in and arent really that risk takers and when the time comes that the price had rose up then this is the time
they would really be having those regrets and become bitter person and make out some words and that would continue on next possible price conditions.

Price is way too unpredictable and people does have different level of risk management and make out decisions depending into their own view and preference.

Idiots? You dont have right on calling them idiots but rather risk takers.

[STT]

Whatever the ideal low its not unreasonable to scale an entry into a position for reasons we've just seen, it never reached the ideal buy price.


Right now is time to be I'd say is more correct for apprehension in an ironic way to favor actual trading setups because we've fulfilled the reversal of the prior sell, it could take some time to move on from here.  I would not guess that absolutely but its far harder to buy here rather then the lower price which gave more leeway upwards.   So long as we stay above the weekly average I'd say its best to stay positive in attitude to further gains.
  41k is about the weekly average now and 39k the prior range top which held for quite a while, above those two we're positive going forward.

[Rasa nanas]

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

why do you say they are crazy?
those who buy at $50K won't lose as long as they don't sell their bitcoins. they just need to be patient and keep holding the bitcoins they have until the bitcoin price goes up again. bitcoin price did not fall too far and recovered faster than we imagined, the chance for bitcoin to reach a new ATH before the end of 2021 is still quite wide open.

[Twinscoin2017]

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

why do you say they are crazy?
those who buy at $50K won't lose as long as they don't sell their bitcoins. they just need to be patient and keep holding the bitcoins they have until the bitcoin price goes up again. bitcoin price did not fall too far and recovered faster than we imagined, the chance for bitcoin to reach a new ATH before the end of 2021 is still quite wide open.

I agree on that you will only loss if you sell your holdings in loss, but if you hold it till the time that the price rise 5 to 7x percent from the purchased price then you will surely earn, this is how it goes and this is the only strategy to earn, and the most important here is the patience.

[StreakW]

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.

Not. If you expect the price of bitcoin to drop below $4000 then you are dreaming and I don't think your wish will come true. The price of bitcoin has broken records at the beginning of this year, even now the price of bitcoin continues to increase despite a decline a few weeks ago. Therefore, my advice is that you should learn more about and always monitor BTC price movements so that you can take advantage of opportunities to profit in investing in bitcoin.

[Porfirii]

Could have bought it in March this year for sub $4000.

Not. If you expect the price of bitcoin to drop below $4000 then you are dreaming and I don't think your wish will come true. The price of bitcoin has broken records at the beginning of this year, even now the price of bitcoin continues to increase despite a decline a few weeks ago.

Anything could happen, and even when most of us foresee a bright end of year, price could drop for any reason (well, below $4.000 sounds too dramatic to be honest )

Don't we all wear laser eyes until 100k?

[CLS63]

Why are these people called "idiots" just because they bought when the price was $27k?  There is no ideal price standard for Bitcoin. You can buy whenever you want as it is your choice. If the goal is to HODL, then it doesn't matter much that you bought at a high or low level. You just learn to be patient and set a price goal for yourself. Leave the rest to Bitcoin. Maybe you will wait for weeks, months or years to reach your goal. But it will be worth it at the end.

Of course the ones who buy the dip are very lucky. They have a potential to make a much bigger profit than the others if they make right decisions about their investments.

[AmoreJaz]

Why are these people called "idiots" just because they bought when the price was $27k?  There is no ideal price standard for Bitcoin. You can buy whenever you want as it is your choice. If the goal is to HODL, then it doesn't matter much that you bought at a high or low level. You just learn to be patient and set a price goal for yourself. Leave the rest to Bitcoin. Maybe you will wait for weeks, months or years to reach your goal. But it will be worth it at the end.

Of course the ones who buy the dip are very lucky. They have a potential to make a much bigger profit than the others if they make right decisions about their investments.

and right now, i guess the OP will changed his mind calling those who bought at 27k idiots? because even if they bought it at that price, look at what we are now? it surpassed the 60k+ mark and now, we are still in the 46k level. so not bad for few months of waiting.
in this market, there's no right or wrong entry, as long as you know where to get out, or sell it higher than your buying price.

[BobK71]

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.

I agree with you. Crypto market is volatile so here lower buying rate is not available. In some situation it can be happen. I think those who are buy btc at $27000 they made good decision at that moment. Now btc price more then $45000. If any one buy it at the current range definitely they will also make profit but needs to wait. After all those who are believe in crypto today or tomorrow they will be successful.

[Issa56]

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[STT]

Whats ironic is its less idiotic to believe the lows then accepting the highs are accurate, we have it upside down very often; attention is best paid after a fall and/or with the lowest prices.
  What I noticed in 2017 year start was that the lowest prices are far more reliable then the highest prices, the trend followed on the lows is really regular and dependable.   Of course its hard to tell in the moment especially when everyone feels negative but again in 2021 I think we should be having more confidence thats the lows are quite reliable vs the highest prices which whip back and forth pretty wildly often.

Its hard for me to tell if price suffers at 45k from further negativity but I hope to not doubt so much when we are closer to the lower price range; it tends to be more solid foundations for all the other prices that occur above.


Theres nothing on this picture bar the 50 week average but look how consistent the price (closing) was when in that area, it varied but ultimately we tended to hit bottom and rise back to about the 35k area.  That year average is going to be at about 39k for this month end September, I would guess thats the true fight when volume and momentum clash.   Again it'll be red at the time but Im trying to remember how often the lowest prices tend to catch hold and stick in pattern better then the flaky higher price trend.   I think 39k to 35k is going to be a proper fight, each weekly bar may struggle submerged below the yearly average but I'm looking for buoyancy to resolve above that MA ultimately.