Are people buying BTC @ $27000+ idiots?

[Amejoaquim]

Of course not, because everyone has different thoughts.

Maybe most of them who still buying in $27k+ thinking about the price of btc can rise higher than that.

So, they just follow what they believe.

[mich]

Well this aged for the favor of people who did buy at price point of 27,000

Now the question that we need to ask us is are people who are buying BTC at $37,000 + idiots? 

Because this is something I will be doing when I get my next pay check from work.

And I dont want to make myself feel like a idiot by doing this. 

[milewilda]

Well this aged for the favor of people who did buy at price point of 27,000

Now the question that we need to ask us is are people who are buying BTC at $37,000 + idiots? 

Because this is something I will be doing when I get my next pay check from work.

And I dont want to make myself feel like a idiot by doing this. 

And when bitcoins price hit up 57k+ then we would see another topic that do talk about "Are you buying BTC @57k+idiots? " Lol
and this will continue through ages because due to unpredictable price movements then its just really common to see these speculative kind of threads.
For people who do go for long term then they wouldnt really care if they would be called idiots because those people who calls are the ones to be called idiots
when the price had risen up above on the said price.To those who said idiots are the ones who buy in 27k then what are their words as of this moment when the price hits up 37k?

[bvoriue]

I would rather be an idiot than just see the price of bitcoin from year to year getting higher.
I think there is only 1 idiot, those who invest in scam projects that have no future value.

[KTChampions]

Well this aged for the favor of people who did buy at price point of 27,000

Now the question that we need to ask us is are people who are buying BTC at $37,000 + idiots? 

Because this is something I will be doing when I get my next pay check from work.

And I dont want to make myself feel like a idiot by doing this. 

Wow. Either you have a lot of optimism or a big pay check.
It seems to me that when investing in bitcoin, one must be prepared for the fact that the return on investment will have to wait 3-5 years. Accordingly, it is rather risky to invest money that is supposedly needed for living (usually people spend their salaries entirely on current expenses).

[globalpain]

i buy bitcoin over $ 27k to be exact at $ 30k am i an idiot? haha so funny, look at the price of Bitcoin reaching $ 40k ,
and I got a profit of more than 30%, For me it's a great thing to be able to buy it at such a low price, and my target is $ 50k.

[Sithara007]

i buy bitcoin over $ 27k to be exact at $ 30k am i an idiot? haha so funny, look at the price of Bitcoin reaching $ 40k ,
and I got a profit of more than 30%, For me it's a great thing to be able to buy it at such a low price, and my target is $ 50k.

I don't see any risk in investing at current levels ($40,000 per coin) if you are able to wait for 3-4 years. Because a lot of people who can't afford to wait for that long jump in to investing in BTC when the prices are high, and in the end they incur loses. I know a few people who purchased their coins at $12,000 or even $15,000 during December 2017. When the prices dived by 80% in 2018, many of them got disheartened and sold their coins at a loss. Only a very few persisted with their investment. So if someone is purchasing BTC at current levels, he should understand the risks in doing so. Because in case of Bitcoin, market corrections can last very long.

[mich]

Well this aged for the favor of people who did buy at price point of 27,000

Now the question that we need to ask us is are people who are buying BTC at $37,000 + idiots? 

Because this is something I will be doing when I get my next pay check from work.

And I dont want to make myself feel like a idiot by doing this. 

Wow. Either you have a lot of optimism or a big pay check.
It seems to me that when investing in bitcoin, one must be prepared for the fact that the return on investment will have to wait 3-5 years. Accordingly, it is rather risky to invest money that is supposedly needed for living (usually people spend their salaries entirely on current expenses).

I am making just enough to live a average middle class living style.  I do not mean to spend my entire check on bitcoin when I have a family to take care of.

[arufox]

Do you remember when it was December 2017 when Bitcoin pump so hard and almost reach $20K. If people buy it, do you think he crazy??

See the price now, it's 2x from the 2017 price. So same case here, even if he buy-in $27K+ that They will earn big profit depends how long they can hold it

The holder is the real champion

[Reatim]

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.

But the thing is you did not so what can you expect from that? losing a chance to buy in super dip meaning you lost all the chances because there are many opportunities here in crypto.

There is no difference when the value of bitcoin reached 20,000 in 2017 when people says their frustration because of not being early adopters but when march 2020 comes they sell out instead of buying more .

So who is Idiot ? they are the people whos keep on looking for what is not in their reach .

[KTChampions]

I don't see any risk in investing at current levels ($40,000 per coin) if you are able to wait for 3-4 years. Because a lot of people who can't afford to wait for that long jump in to investing in BTC when the prices are high, and in the end they incur loses. I know a few people who purchased their coins at $12,000 or even $15,000 during December 2017. When the prices dived by 80% in 2018, many of them got disheartened and sold their coins at a loss. Only a very few persisted with their investment. So if someone is purchasing BTC at current levels, he should understand the risks in doing so. Because in case of Bitcoin, market corrections can last very long.

Wow. Your post reminded me of a difficult period for me. I was forced to sell ETH at $ 150-200  On the one hand, it was good that I had such a reserve and I was able to use it, but on the other hand, I did not receive a large profit if we reason from the point of view of today's prices.

[menoiazei]

apparently not!

[STT]

The market will always squeeze out as much supply as possible at every price point, high and low before continuing whichever direction has the most incentive for volume.

I've been watching the price around the elon musk high tonight and its also the 2 day average, I think its just below that at present but at 27k as per OP we have the area of the 50 day average and thats been the bottom price for this year so far.   50 and 200 day are fairly significant and as both are rising its still easily a positive market though we are prone to pull backs within that.

[virasog]

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.

Sub 4000$ is a dream now. Only if we can move back in time and buy all the bags of bitcoin at 4K. 
If anyone still has not buy bitcoin and looking to buy at good price, i would suggest to buy at 21EMA. Sooner or later the bitcoin price will return to 21 EMA before bouncing heavily to another ATH.

[arufox]

There are no idiots if they buy cryptocurrency, even if so many people buy at a high price, you can't call them idiots. Because maybe they prepare it for the long term.  If you want to see the real idiot is people who buy in high and sell in dip because FUD

[rodskee]

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

That would be a 10 folds if you happen to buy that time , but who knows it will grow x10 in just almost a Year ?
actually it is almost x12 considering this is almost 48,000$ now.

Downside risk is much greater now than it was earlier this year.

well Downside is still not present up to now, yeah there is almost a fall recently when the value fell low to 27,000$ yet recovered now and making another memorable 47k $ level.

Is it the mentally challenged that are getting fleeced right now.

Nope it is not about the challenge but the capacity to risk and believe in Bitcoin .things that many don't understand.

[dre1982]

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.

Sub 4000$ is a dream now. Only if we can move back in time and buy all the bags of bitcoin at 4K. 
If anyone still has not buy bitcoin and looking to buy at good price, i would suggest to buy at 21EMA. Sooner or later the bitcoin price will return to 21 EMA before bouncing heavily to another ATH.

We all expect a dump but the price still rising.

A lot of users expected a dump at $25k, $30k then on $40k and now it will be at $50k but if the good news keeps coming I dont see a reason to go lower.

[wheelz1200]

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.

This thread didn't age that well eh.  In fact most of these posts don't age well.  To definitively say its a great time to buy or sell is rediculous.  All this volume and as soon as elon makes a tweet it goes up 15%.  The same can happen on the downside.  Nothing wrong with buying or selling at a particular price point depending on each person/situation it can both make sense.

[blckhawk]

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.

This thread didn't age that well eh.  In fact most of these posts don't age well.  To definitively say its a great time to buy or sell is rediculous.  All this volume and as soon as elon makes a tweet it goes up 15%.  The same can happen on the downside.  Nothing wrong with buying or selling at a particular price point depending on each person/situation it can both make sense.

Indeed. There's nothing wrong with buying a certain price because no matter what happens the price will still increase over time. Even if you buy at a high price won't be a problem but bear in mind that if the market goes on the other side you will have no option but to hold it till the bull come again. But it is highly recommended or as much as possible buy at a low price if you find an opportunity then don't hesitate to grab it don't be greedy and wait for its price falls into the ground because no one really knows what will be the markets next move.

[Review Master]

We all expect a dump but the price still rising.
A lot of users expected a dump at $25k, $30k then on $40k and now it will be at $50k but if the good news keeps coming I dont see a reason to go lower.

Everyone just want a huge correction so that they can fillup their portfolio, but it's just pumping as more and more institutional investment is done within this month. Also, there are some rumars that Apple might get into cryptocurrency by using a payment gateway. If that's happen and more institutioanl adoption is done, BTC's bullish trend will hit a new level and $100k won't be a dream anymore. Back to main topic, traders are now in profits who took their position at $27k price zone.