Are people buying BTC @ $27000+ idiots?

[StreakW]

Are people buy a sports car at $1M idiots?? People buy something is not because they are idiots but it's because maybe they can see the chance or success there. It's also in cryptocurrency, People buy BTC at $27K idiots? Current price $46K, almost double.  I think you are an idiot why not buy at that price

[milewilda]

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.

You would really be ending up on holding for too long if you do buy bitcoin on high price.On what price can we particularly tell that we are already at the peak or top?
This is the hardest thing to determine thats why people not surprisingly buying off into those price even if we do say that they are somewhat on the peak.
This wont really be an issue if you do go for long term but for short term then its always best for go on cheaper price where you can really utilize on making profits in
short duration.It would be the most challenging thing at all when you do deal into this market.Price are unpredictable as always.

[Fakhrulenclix]

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.

Yeah many people like this, and after they see the price keep increasing they will regret their actions, and talk to themselves. Why not buy it at $25K, $30K
Sometimes we think that bitcoin in peak price but keep increasing, also sometimes we think at the deep price but keep decreasing. The point is no one knows..
Buy and hold is the final answers

[arufox]

I think we must stop this discussion, the OP already regrets his statement because the current price of Bitcoin is almost double when he says people buy it is idiots. There are no idiots if invest in cryptocurrency, Bitcoin, Ethereum, and more. For long term will give big profits for sure

[NeverSop]

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.

Those are the people who calculate, take the challenge and get rich their way.  Countless billionaires have realized things that we dare not think and dare to do.  In fact, there is a huge boundary between accepting loss and success.  It's like a hero and a criminal in a soccer match.  Lol

[fadhilz123]

Everyone can rich in crypto, and no idiot people, if they buy Bitcoin, no matter what price he bought it for. He will get profits if they can patient. If you thought that you could buy bitcoin cheaply, you are wrong. A lot of people now want to buy bitcoin for $ 27K but the price keeps increasing and they can't buy it for $ 27K

[StartupAnalyst]

Marathon Patent Group, Inc. spent 150 Million dollars to buy BTC when it was $31 000. Think, everyone saw this news here on Bitcointalk. Do you think they are idiots? Some clever traders make money on short. Are they also idiots? Maybe someone just knows more then you?

[keyscore44]

The cryptocurrency market is unpredictable. Everyone should make their own decisions.
When I posted a Tweet about DOGE in one group, its price has increased by 200% to that point. Someone commented that it is too late to buy because it is too expensive. After a few hours, when the DOGE price increased by another 200%, he did not answer anything when I asked him whether it is expensive now. The DOGE price then increased by another 400%.
The point is, we can't be exactly sure what's going to happen. Everyone should take the risk of investing according to his own research.

[cryptomaniac_xxx]

And now that we are about to hit $54k, those idiots should be making money already if they bought it at $27k. Lol. So the moral lesson is that it's not late to get into bitcoin right now, specially in a rally that we have been seeing in the last couple of months. Maybe you can say that they are idiots back then, but look today, they have profited already and if they keep on holding, they could make more money if they are going on long term investment, at least end of the year.

[JahriMeayer]

Its all about trust on bitcoin.after that crash of 2017, most of people deny to hold and trust on bitcoin cause bitcoin made themselves disappointed awfully.but even after that incedent, who trust again on bitcoin, btc itself hasn't disappointed again, rather those stupid people already make twich money of their invested capital and chilling with the profit now.now i also believe that buying bitcoin at any point, isn't bad decision at all

[scottsanderman12]

I’d like to get back to that when the BTC reaches $100K - that would be very funny

[KTChampions]

Marathon Patent Group, Inc. spent 150 Million dollars to buy BTC when it was $31 000. Think, everyone saw this news here on Bitcointalk. Do you think they are idiots? Some clever traders make money on short. Are they also idiots? Maybe someone just knows more then you?

Fun fact: if they decide to take profits and sell their bitcoins for $ 50,000 each, they'll take about $ 90 million out of the industry. To prevent this sale from affecting the bitcoin price, someone must make a purchase at such prices. I wonder how long will this buy-sell competition continue with buyer's advantage? Very high levels have already been reached and many investors are thinking about taking profits.

[JimboToronto]

You're never an idiot to buy Bitcoin.

You're only an idiot to sell Bitcoin unnecessarily.

Regardless of the price.

[SmokerFace]

NO, they're not nitwits, there are still chances for us to put resources into bitcoins because there's an exceptionally risks that bitcoins cost goes up to $50,000 so individuals are getting it all the more quickly. At present, bitcoin cost is higher $29,000 we actually have the opportunity to snatch it. $50k isn't far so I guidance you to cause a major to put resources into bitcoin now before time slipping away

[CoinFoxs]

You're never an idiot to buy Bitcoin.

You're only an idiot to sell Bitcoin unnecessarily.

Regardless of the price.

Totally agree with you, bitcoin will never give you loss it just take some time to give traders an handsome profit. Those who hold bitcoin from 2018 are billionaires now so don’t doubt the potential of bitcoin you will always get profit no matter at what price you bought 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.

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.

No the thread didnt age well, particularly the OP!
Make such claims is ridiculous. There is a philosophy here of "buying the dips" and
"dollar cost averaging". People are indeed free to buy and sell at any price to suit
their own needs but calling people idiots is wrong....as has been proven by this thread.

You're never an idiot to buy Bitcoin.

You're only an idiot to sell Bitcoin unnecessarily.

Regardless of the price.

Totally agree with you, bitcoin will never give you loss it just take some time to give traders an handsome profit. Those who hold bitcoin from 2018 are billionaires now so don’t doubt the potential of bitcoin you will always get profit no matter at what price you bought bitcoin.

[ballexplorer]

Many large investors have invested in the BTC. They know why. We currently have a technical reaction, which is normal after strong rises.
The trading volume and the interest of large corporations in BTC proves that the price will continue to rise.
That's why even normal people are not idiots for following the trend.

[Viscore]

Many large investors have invested in the BTC. They know why. We currently have a technical reaction, which is normal after strong rises.
The trading volume and the interest of large corporations in BTC proves that the price will continue to rise.
That's why even normal people are not idiots for following the trend.

Price will increase in the long run, hype brings only temporary pump but continues adoption will result to a better price in the long run, not only that, bitcoin market will also become more stable and it will not easily be manipulated since big holders or what we called as whales are divided.

[Lanatsa]

Many large investors have invested in the BTC. They know why. We currently have a technical reaction, which is normal after strong rises.
The trading volume and the interest of large corporations in BTC proves that the price will continue to rise.
That's why even normal people are not idiots for following the trend.

Price will increase in the long run, hype brings only temporary pump but continues adoption will result to a better price in the long run, not only that, bitcoin market will also become more stable and it will not easily be manipulated since big holders or what we called as whales are divided.

We don't need hype, we do need adoption but we cant really avoid not to have some hype in times likes these because it do really trigger out that kind of positive vibe

which would really result into more interest around the public or the community which will be the cause for more positive results.I do actually have those thoughts wayback where

those people who took risk on buying 20k+ to be fools but it turns out that those who had invested did really make out some serious profits in a short span of time.

This is the difference into those people who could take some risk and rewarded or able to benefit out compared to those who do sit up and wait.

[batang_bitcoin]

Many large investors have invested in the BTC. They know why. We currently have a technical reaction, which is normal after strong rises.
The trading volume and the interest of large corporations in BTC proves that the price will continue to rise.
That's why even normal people are not idiots for following the trend.

Not mentioning that the market cap has reached $1T for the first time. Although it has corrected and the current total market cap for bitcoin is $910B yet that's still a lot that has gained since last year. Those called "idiots" who have invested $27k or below $30k are rejoicing and would be proud of themselves that they've bought it at that price. We may not see those prices again for a long time or it's going to be a never until the end of this bull run cycle.