Are people buying BTC @ $27000+ idiots?

[k@suy]

People who bought at 27,000 BTC have made good profits to date.
It remains to be seen whether the problems with the USDT will affect the BTC.
Ms. Lagarde's announcement that she wants to take action against cryptocurrencies can also have negative consequences.
In any case, it will continue to be highly volatile.

Indeed, we thought that bitcoin will not surpass the 27000usd ATH but as what we can see it touches the 40kusd ATH Last time so they are now having a profit, there's no wrong in buying coin at the top even when it is bull run as long as we read the charts and we technically know that it is not jus a fakeout or a fake breakout, so that we will not be left when the price goes lower than we expected.

[lepbagong]

People who bought at 27,000 BTC have made good profits to date.
It remains to be seen whether the problems with the USDT will affect the BTC.
Ms. Lagarde's announcement that she wants to take action against cryptocurrencies can also have negative consequences.
In any case, it will continue to be highly volatile.

It is very clear that it is certain that those who buy at the price you say are the luckiest people at the moment and not many will be able to experience it when a pandemic shakes the world. only large traders or companies are still able to do so, if individuals do not experience financial difficulties.
it seems that nothing has happened to date with that announcement.

Indeed, we thought that bitcoin will not surpass the 27000usd ATH but as what we can see it touches the 40kusd ATH Last time so they are now having a profit, there's no wrong in buying coin at the top even when it is bull run as long as we read the charts and we technically know that it is not jus a fakeout or a fake breakout, so that we will not be left when the price goes lower than we expected.

Indeed, it requires high confidence to be able to buy at a high enough price and if individuals certainly have large capital, which is usually still brave, of course, big traders and companies who know that bitcoin will reach renewable ATH. because he looked and analyzed a few months ago, it appears that bitcoin shows a very positive graph.
they will not be afraid of the current correction, they believe that this year bitcoin will make another new ATH.

[LimLims]

Based on my experience, it's not wise to buy during the peak, bad idea. I'll just wait for the dip and then start buying.

Alright I understand your sentiments.
But to be honest, people including me are still buying BTC at the price of 34k USD.
Btc will be hitting 50k USD by may, and nearly about 100k USD as quoted by some pro traders.
I don’t want 100k USD, i just want my BTC to be doubled lmao.
As always not to greed will be the best policy.
Let’s hope for the best and see where we will end at the last of the year.

[SaShiRaJaVu]

But to be honest, people including me are still buying BTC at the price of 34k USD.
Btc will be hitting 50k USD by may, and nearly about 100k USD as quoted by some pro traders.
I don’t want 100k USD, i just want my BTC to be doubled lmao.

I appreciate your confidence in investing your money at this price, i am a poor chap and hence i am not able to invest and my salary is pending for the past several months, can you explain why you are certain that the price of bitcoin will rally to $50k by May. It is possible that the price would rally and i have no idea how big it might reach before the bubble will burst eventually.

[Rexler]

Buying at top is typical fomo, but  it's certainly not a bad idea you could still make profit out of the market even when it's at the top, some people just prefer buying bitcoin only when they see it pumping, they want to get on the rocket after it's been launched, if you notice whenever bitcoin is dumping people are scared of buying, but whenever it's pumping everyone want s to buy some of it, just humans following their emotions.

[Zemomtum]

If the purpose is for long holding, they are not idiots but the wise one as long they are using capital that is not attached to any emergency need.

[Zemomtum]

If the purpose is for long holding, they are not idiots but the wise one as long they are using capital that is not attached to any emergency need.

[Fredomago]

But to be honest, people including me are still buying BTC at the price of 34k USD.
Btc will be hitting 50k USD by may, and nearly about 100k USD as quoted by some pro traders.
I don’t want 100k USD, i just want my BTC to be doubled lmao.

I appreciate your confidence in investing your money at this price, i am a poor chap and hence i am not able to invest and my salary is pending for the past several months, can you explain why you are certain that the price of bitcoin will rally to $50k by May. It is possible that the price would rally and i have no idea how big it might reach before the bubble will burst eventually.

There's no  basis aside from the opinion or specualtions of those so called experts according to his post, we are inside crypto industry and the market is very volatile.

The more you understand the flow the better opportunities that you have in terms of earning some decent profits.

Everything may happened so aside from expecting too much better also to expect the worse, it will build you if ever the market runs
to the otherside, always have additional plans it saves a lot.

[Pegiz]

These are either very rich people who do not know where to put their money, and on the wave of the increase they decided that such a tendency will continue, or really very risky investors who know something.

[Nikole Fischer]

These are either very rich people who do not know where to put their money, and on the wave of the increase they decided that such a tendency will continue, or really very risky investors who know something.

No, these are just people preparing for bitcoin to skyrocket. Now the price is 36k and this is almost 10k more than it was in December. That's why people who decided to buy at a price of 27k are cool. If you believe the forecasts then in a few months people will regret not investing in bitcoin in December 2020.

[Issa56]

From my research I don't think people that are buying bitcoin above $29+ are idiots currently everybody knows that the price of bitcoin is high compare to the price in few months back but I believe bitcoin is still very low to enter if you can enter bitcoin currently and you can hold it bitcoin is still going to pump massively in the nearest future and you won't regret buying at $29+.

[GeorgeJohn]

Its a choice to purchase bitcoin when the price is low or high because irrespective the time and when you purchase bitcoin you most have a profit, now someone purchase cryptocurrency especially bitcoin the price is higher it's not necessary that the buyer is at a lost side, because it might increase higher than the amount used to purchase, and it's very clear that some people buy btc for holding may be the purpose of purchasing now is to hold till two years coming or two years different before selling.

[Vishnu.Reang]

The logic being given is that BTC has already went up by 1000% between 2018 and 2020. But if that is the case, the same logic should apply everywhere else. The US stock markets have gone up by around 70% during the same period. Tesla stock increased by almost 2000% during the same period, but a lot of people are still investing in it. The reason being given is that the market for electric vehicles are growing at an astounding rate. Then the same reasoning can be applied to the cryptocurrency market as well, where the user base is growing at a rate of 5% to 10% per year.

[Leonnuvh]

For those who invest in Bitcoin for a long time, they will buy Bitcoin at any price, and they will treat these as investments, and they will always get benefits in the end.

[saddampbuh]

folks at my job called me idiot for buying around $800 in late 2013, back in the days when i needed to work for a living

[Obito]

folks at my job called me idiot for buying around $800 in late 2013, back in the days when i needed to work for a living

Too bad because you got the last laugh on the situation, that would be a lot of money if you are still hodling it right now or you already sold it at the ATH. Your coworkers are going to be envious if you tell them about your profit though, so you have to be low profile about it, if they ask you what happened to your investments in bitcoin, tell them that you had a loss, act like you really lost money. In my opinion, the only idiots in this situation are those who didn't try to go for it, remember that you already missed if you didn't take the shot.

[maxig.boroday]

In my experience, buying at the peak can really make you go lose specially when the bubble pops as the price will drastically go down but I think its not right to call them idiots since some of them might be a newbie or noobs in the cryptocurrency market.

They might have no choice but to buy the peak but imo thats not a good move at all specially for long term holdings , maybe on shorting it, it will work but not with longing it. Bitcoin price is pretty volatile as you can see so shorting/ swing trades for it will work.

[saddampbuh]

Too bad because you got the last laugh on the situation, that would be a lot of money if you are still hodling it right now or you already sold it at the ATH. Your coworkers are going to be envious if you tell them about your profit though, so you have to be low profile about it, if they ask you what happened to your investments in bitcoin, tell them that you had a loss, act like you really lost money. In my opinion, the only idiots in this situation are those who didn't try to go for it, remember that you already missed if you didn't take the shot.

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

[dadach]

The thread instigators got rekt

[saffira]

I think it is not all about being idiot. Some are just late to know about bitcoin, others just want to buy without considering the rate history and the rest are long time holder. But basically , I agree this is not the right time to buy because the price is too high. For the buyers now, it is just a matter of patience.