Are people buying BTC @ $27000+ idiots?

[gabbiee]

Depends on your perspective and what you believe in.
If you believe bitcoin will replace gold as the world's foremost storage of wealth, you probably believe bitcoin will be worth $400k+ in the future. If you believed that, I'd  argue you'd be a fool not to buy it at $40k with a 10x return potential.
If you believe bitcoin cap is $40k, I wouldn't buy right now.
Depends what you think

As of this writing bitcoin already hit $40K I really regret not buying last year when it is still around $27 because by this time there is a big chance that what I have invested last year could have been doubled. We cannot really call them idiots because of how far bitcoin price can achieve.

[Sithara007]

Just looking back at the OP, the post was actually made less than two weeks back. It means that Bitcoin went from $27,000 to $40,000 in such a short time. Actually OP was right in pointing out that the investment should have been made when BTC was trading at $4,000 per coin. Well.. that was the logical thing to do. But again, the current rally proves that it is never too late to invest in cryptocurrency.

[Banulit]

Well we cannot eliminate the fact that these people who bought bitcoin in that higher price are FOMO which make the bitcoin value tend to go upward trend. But it is still a matter of time preservation if you really wanted to gain a good profit in hodling bitcoin like what some of my good friends are doing which made this a very good profit and passive income.

[A62662]

I firmly believe that when the banksters have unloaded most of their BTC onto retail investors, that is when the collapse comes.

You can try this yourself if you have enough capital with some low value shitcoin. Buy up most of the liquid float, then push it incrementally higher every day. Now you are pumping the shitcoin and it will rise in market value every day. You are the one in controll and also you are the one that controll when the pump ends and it collapses. The idea here is to unload most of your stash unto others at ever higher prices and you come out with a massive profit, most others lose most of their funds.

Try it, could be fun, wallstreet seem to be having a blast in Bitcoin.

[aoluain]

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.

eh, we did buy earlier at $4000, and again at $8000, and again at $16000 and again today!

I spent my last available $'s today and bought 22,890 satoshi's, its called dollar cost averaging.

Come back to us when Bitcoin is $60000 when we are buying more.

just referring back to my post from earlier,
according to the OP we were all mentally challenged to be buying at $27k....

I guess the mentally challenged were those who didnt
@battle1doom

[manfredmann]

Those who bought @ 27K$ are actually earning now. They meaybe a idiot but this time they aren't and the idiot would be the one calling them idiot before when they bought the bitcoin @ 27K$. Though it was a bad decision they made but still they are lucky right now where bitcoin goes strong and are already @40K$. I know it is bad to call bad names but when someone started it then it will goes back to the sender many times.

[Question123]

People say those people who buy bitcoin to that value are idiot but look the price now they gaining more profit or the money they invested is already grow for sure. Those people who said investing in bitcoin is an idiot decision is the real idiot because they lost the opportunity to earn money and better to be happy now of what bitcoin is  already reached.

[A62662]

Those who bought @ 27K$ are actually earning now. They meaybe a idiot but this time they aren't and the idiot would be the one calling them idiot before when they bought the bitcoin @ 27K$. Though it was a bad decision they made but still they are lucky right now where bitcoin goes strong and are already @40K$. I know it is bad to call bad names but when someone started it then it will goes back to the sender many times.

Looks like we might be seeing 27K again soon, and probably go below it too, the buyers at 27K might still see a loss if they didn't sell already.

Funny thing!! Bitcoin is down more today ($6200), than you could have bought Bitcoin for during last year ($4000).

How long and painful will the bear trend of 2021 be? How low will it go in this bear downturn?

[Bitcoin577]

Bitcoin price hits 4k + and now falling very quickly and dumped to 35k+. Those who bought 2700$+ are now in good condition. at this time 3k+ trading is safe but above 35k is very risky. I think that's all about good investment.

[GideonGono]

Nope looking at the outcome of their investment for me they would be consider brave to take the risk and came out with a big profit.
Bitcoin manage to overcome it and continue to go up so those who took the risk at buying BTC at that point made the right decision to get in when they wanted.
Not everyone of us could have the same courage to invest in while the price was already high because some of us would wait for the price to fall before investing.

[death69]

The trend is your friend. What if you lose the opportunity forever? In investing or trading, there is no such thing call fool or idiot. At least if you can maintain your balance without burning all of them, you are still a player who are able to make money again. Waiting outside the line or jump onto a train are all good ideas. And see it for yourself, bitcoin is now more than $30000 already and those who bought bitcoin at $27000 surely earn a great amount of money. The earning profit might be even higher if they utilize margin trading

Don't judge other people about how they use their money. Only interrogate yourself if you use your capital effectively

[freedomno1]

Heh Bitcoin Crash Liquidates 262,344 Traders

[iTradeChips]

I won't call them idiots, because no one is. For one I was taught well by my parents not to disrespect people that I don't know of. That is really out of taste, and inappropriate. Many people call it a mistake to buy during the last bull run of 2017 but now they are reaping the benefits of crypto, in case you don't know. So in a sense those who are buying now, will certainly have to wait a little longer before their investments doubled or tripled.

[A62662]

So down 22% as of writing this IN ONE DAY, what will that look like in a week's time. Perhaps those who bought earlier at 27K will look very foolish indeed. Just 3k away and those guys are at a loss.

[sallybein987]

I know some people, who invest in BTC, when price was  39k. I fell this emotions.

[A62662]

I know some people, who invest in BTC, when price was  39k. I fell this emotions.

Buying after it has gone up 10X, from 4K to 39K, is just plain stupid, there is no other word for it. Greed and FOMO got them into that hot mess. Tell them to come back when it has dropped to below 10K. Then we can talk.

If your going to listen to the cheerleaders promoting BTC on the forum here, remember most of them have a cost per coin equal to the electricity they spent and the GPU/asic's. WAY below what it sells for now. Others have literally zero cost per coin.

[finn.cole]

The price of 27k wasn't that high. Today bitcoin has dropped to 33k. In my opinion, this's the right moment to buy it. I think that bitcoin will continue to grow. So while there is an opportunity to buy at 33k, then do it, because later you'll regret.

[A62662]

The price of 27k wasn't that high. Today bitcoin has dropped to 33k. In my opinion, this's the right moment to buy it. I think that bitcoin will continue to grow. So while there is an opportunity to buy at 33k, then do it, because later you'll regret.

It's a bubble right now. To go up that much that quickly is unsustainable. We'll have to see what the next few weeks bring, if 27K was too high a price for new buyers or not.

[scottsanderman12]

I know some people, who invest in BTC, when price was  39k. I fell this emotions.

Buying after it has gone up 10X, from 4K to 39K, is just plain stupid, there is no other word for it. Greed and FOMO got them into that hot mess. Tell them to come back when it has dropped to below 10K. Then we can talk.

If your going to listen to the cheerleaders promoting BTC on the forum here, remember most of them have a cost per coin equal to the electricity they spent and the GPU/asic's. WAY below what it sells for now. Others have literally zero cost per coin.

Maybe your words makes sense, but if price increases to 100k?

[Samthehero]

100K extremely unlikely, it is already ridiculously crazy overpriced at 34,000. I wouldn't hold my breath.