Are people buying BTC @ $27000+ idiots?

[Thavash]

If BTC goes to $100k , you will still have more than a 300% return - so why not ?

[1715596187]

1715596187

[error08]

This current Bull run is not going to be stopping when we see Bitcoin price of $30,000 at least this my strong belief.

For this reason I have a position at $30,000 because I can see a similar trend to when we hit price point of $20,000.  

We shot through this price like nothing and the same will happen for $30k.

It seems to be true, hit $32k like it was nothing, keep climbing higher than many people predict it would be, the resistance is gone and conquered, it was $30k - $32k and now still trying to get higher, $30k is becoming a support level, the next target is $35k.
Now, who said bought bitcoin at $27k was a mistake? Absolutely wrong impression of how bitcoin is growing.

[Bitstar_coin]

I wonder what the op will say to people who are buying at 32k Surely some people must be buying thinking if they don't they will miss out on the bigger picture i.e when btc hit the speculated 50k sooner than later perhaps,  
Few days ago nobody believed btc could cross 20k let alone 30k but now see how magnificent this coin is, i believe those who will buy at this price will be long term holders.

[AakZaki]

yes there is nothing wrong with being a long-term holder. but you have to think about when is the right time to enter the market. Don't enter the market when the price is high and of course that also happens because it follows FOMO. currently Bitcoin is able to reach a high of $ 33k. The speculation of a bitcoin price that could reach $ 50k is still inexplicable, we still don't know how long it will take. Maybe daily, monthly or even yearly.

[rhodelmabanal]

Well we cannot blame them if they still believe that the price will continue to rise and they will still buy bitcoin in 27000$ because bitcoin is a coin that is more trusted than any other coin, if we look at the current price now it is already 31000$ which means 4 percent profit to those who buy bitcoin in the price of 27000$, crypto is always risky but the more risk the more the profit you may earn.

[Twentyonepaylots]

Just because they bought way after we did doesn't make us any wiser than they are. In all honesty the March Market isn't as promising as people made it out to be in the following months, $4k is a really far price from bitcoin's regular stable value and it wouldn't really surpise me if a lot of people dumped at that period. It's even more appropriate to say that we just got lucky at the time, that's why we're reaping the efforts, but were it to be the other way around, we're not the ones who will be laughing right now.

[rhomelmabini]

Those idiots probably are institutional investors and it might be an idiocracy in their mind but I think someone is eyeing that Bitcoin might hit that 1 trillion market cap. Might be idiot for shrimps but these whales still thinking it as a buying opportunity and I'll not be surprised if they made it to 4x or 5x from their initial investments.

[Wawa2013]

There is nothing wrong with buying Bitcoin at $ 27,000 or buying Bitcoin at its current price of $ 32,200. Because in the end we can still get
a profit if it is for long-term investment, and always use the money that we can afford to lose. So if the price of Bitcoin dumps we won't panic
because buying at a high price, because Bitcoin will definitely recover quickly. Imagine when it was true that someone bought Bitcoin at a price of
$ 27,000 now that person has made a profit. So it depends on everyone's plan, but I prefer to buy Bitcoin waiting for a correction first.

[Didgit22]

So I'm with a broker..deposited 5k ..they bought a bitcoin at 14234 in November now its worth 25k ish profit..happy days

[Viscore]

So I'm with a broker..deposited 5k ..they bought a bitcoin at 14234 in November now its worth 25k ish profit..happy days

It's $32,000 now, bigger profit, but if you sold at $25k it's still a good profit. People are happy and lucky at the same time if they bought a cheaper price and sold at the moment, anytime it will correct so beware, it's already in the history of bitcoin, we don't have to be affected by our emotion.

@ $27k,, I  think we are wrong here, people are not idiot if they sold at a higher price, but if they'll hold and later panic when correction comes, I think they are.

[TimeTeller]

So I'm with a broker..deposited 5k ..they bought a bitcoin at 14234 in November now its worth 25k ish profit..happy days

It's $32,000 now, bigger profit, but if you sold at $25k it's still a good profit. People are happy and lucky at the same time if they bought a cheaper price and sold at the moment, anytime it will correct so beware, it's already in the history of bitcoin, we don't have to be affected by our emotion.

@ $27k,, I  think we are wrong here, people are not idiot if they sold at a higher price, but if they'll hold and later panic when correction comes, I think they are.

There are really lucky people who believed in buying bitcoin, even bought at 25k level, you are still in good profit.
Now, is the OP still calling those users idiot, who bought btc at 27k? I guess, not.
Selling at the current price is already a very good deal. But maybe, some of them will hold as they will be waiting for it to go up for more.
But be very careful as the "correction" is very imminent in this case. We are enjoying this bull run, however, this is not forever.

[dunfida]

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.

For people who had bought in 27k then they are now in profits since the price had reached or touched 32k in a short span of time.Making money is just really needing some sort of risk management.
If you can risk up on putting something where people are in doubts that this might be the peak then so be it but at least you do make stand on your own gut and intuition that the price might
shoot up even more but it did but to think that it would the same goes when it dropped. Good call for those who havent bought and bad luck to those who bought in 27k
but to face up the reality we are indeed making some cash at this moment on the current price.

[Swordsoffreedom]

Actually smart long-term hodler who have opened their long positions from below 5K price action are counting their profit now. If you missed that opportunity and wanted to buy above 20k then now it is another opportunity for you to hold your bitcoins over the year. look at the price action upward pressure is ongoing and weekly RSI gives bullish signals. Normally I didn't encourage people to buy at the top but those who bought below 30K are really a good decision to open a long-term position.

[sayaya17]

Every 4 years bitcoin demands price growth, due to reduced supply. So it’s actually not bad for those who buy bitcoin at $27K, and even
now bitcoin is already $32,597, so if you can’t  wait to sell at the  current price it’s  already  making a profit.  Especially if  you hold it for
a long period, then it will give you always good value. It’s just that you have to refrain if you get a correction in bitcoin.

[Question123]

People have right choice to buy bitcoin what ever price they want because that is their own money. The more money that people will be invested to the bitcoin the high chance it will increase and yes the value now is very high but it doesn't mean that it will not going up more because the more buyer we have the price will rise and I think it is really happen this year.

[ballexplorer]

The influx of fresh capital into the investment market continues. The monetary expansion by the central banks also continues. Bitcoin benefits from this and it will continue to benefit from it.
Nevertheless, there will be setbacks in the near future. Investor greed should make one pause. There are enough examples from the past.

[tanglong]

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.

The answer to your topic is that the Bitcoin price is $32,600 now, the price is really terrible and people buy Bitcoin is reasonable. Bitcoin will continue to increase the strong price this 2021.

[lepbagong]

People have right choice to buy bitcoin what ever price they want because that is their own money. The more money that people will be invested to the bitcoin the high chance it will increase and yes the value now is very high but it doesn't mean that it will not going up more because the more buyer we have the price will rise and I think it is really happen this year.

completely agree, no matter how much he wants to buy bitcoin, of course with good planning and can be sure to have a lot of capital, because the value is already high.
if you are sure that it will increase, of course there is no need for fear that it will make him not act to buy it.
as long as he has the money he can decide what to do, other people can only come up with solutions that may not be followed either.

[ice18]

On the contrary people who bought at 27k are clever enough since btc current price few hours ago reached $33,333 so its a good profit if you already sold when you bought at 27k level but what I can see if for long term holding even you bought at the current price still very early just wait for this year and btc price will grow exponentially if the history repeats then we are still very early at this stage.

[coolcoinz]

The rule was proven to work once again and I don't remember how many times I told it to people here on this forum.
When you buy bitcoin you will make money. The only question is when. It doesn't matter what price you choose, all that will change is the date at which you'll be able to say that you made profit. It can take a year or 2 but eventually Bitcoin will go to a new high and you'll be set. That's all.