Who were the morons that bought 60k bitcoin?

[acener]

Unless they sell it, they will probably be a moron but if they are still hodling even though they are at a 50% loss, I don't think that it's right to call them morons plus they probably have cut their losses before the price really did go down to 30k and simply just bought back.

I agree to this no matter what price some people buy it doesn't mean that their moron/idiot or anything else they are just investing too like most of us.
Just because you bought at a low price doesn't mean your a great trader it depends on how you would handle the situation.

[GreatArkansas]

As the famous quote said, "You only lose if you sell" 
So, for me, they are not moron now

To be honest, if those people who bought Bitcoin there with a small amount of their money, for sure they don't think about it.
The only sad here if newbies tried to buy there and experienced the dump for around 50% lately.

There is always a possibility if we will able not to see the $60,000 again this year, it could be again what happened when we reached $20,000 before, we haven't seen the $20,000 before like 1-2 years, so it's still good if you just wait.

[AB de Royse777]

we all gotta learn our lessons

Back in 2017/18 those who bought at $19k and still holding or perhaps sold at $60k or over. What lesson did you learn from them?

I remember being called a moron in 2017 when I didn't sell my bitcoin at $20k, or $15k, or $10k, or $5k. I'm pretty sure I bought more at all those prices, and was called a moron for that too. Doesn't time fly!

Feel free to call me a moron because I didn't sell at $60k, $50k, or $40k either.

Maybe see you in another 4 years.

Indeed, some just don't get it...

Or they think they are the one who are crypto experts :-D

[jackg]

I still have some of those... mined, not bought though. At one point I was mining at a slight loss because I didn't have money to buy bitcoins outright so I basically indirectly bought them at a 10% premium by getting into debt with the electric supplier LOL. Good times.

OP is a hindsight prophet, easiest job in the world but unfortunately leads to bitter nocoinerism.

Hindsight prophercisers are on the worst pay as well afaik, it's a bad career to go into.

Electric supplier debt is fun .

I am pretty sure nobody sold their BTC at $60K. People either sold some at $20K or $25K or $50K. People were probably going to sell at $75K or $100K. Same like in 2017 nobody sold at $19.9K because they wanted to sell at $20K

I sold some  at 60 k +

Selling new aths is generally a good strategy by the looks of the charts.
You're going to get resistance for now whenever we break (or you were) - hard to predict when thatll stop but selling 10% on a new ath isn't a bad idea to test it still works and try to make that 10% 15.

[slaman29]

I remember being called a moron in 2017 when I didn't sell my bitcoin at $20k, or $15k, or $10k, or $5k. I'm pretty sure I bought more at all those prices, and was called a moron for that too. Doesn't time fly!

Feel free to call me a moron because I didn't sell at $60k, $50k, or $40k either.

Maybe see you in another 4 years.

Man you have idiots surrounding you. But that's definitely why I don't tell anyone in real life I keep Bitcoin except my very closest friends, and even then, only they know I earn a little but I never tell them how much haha or they will tell me to get out and sell asap.

Let's all see OP in another 4  years asking about the morons buying at $100k who knows?

[bitzizzix]

Sell or buy at any price position is their right with the reason for the long term in my opinion there is no problem.
and when the bitcoin price reaches 60k more I only sell part of the profit and there is still a lot left because I believe the bitcoin price in the long term will exceed that price, and I will use the current decline to make purchases and to increase the bitcoins I have
and I'm sure the price of 100k will happen the most important thing is to be patient.

[STT]

They might be the people buying $540 bitcoins in 2015/2016 which was way overpriced from $220 .

Exactly, if ever there was a bad price I thought 2017 was massively over blown at the time and it did fall alot sure enough but was it invalid just to hold BTC and use even regularly in circulation for transactions etc.   No it was fine as we've seen, its a volatile asset for sure but there is an ongoing case for usage and this thread title must have been written a hundred or a thousand times on this forum in various ways already.
    Keep making the negative threads because they are a great indicator, when the section is full of them we are surely near a bottom.

[cocoadreamboy]

man this one is popular lol

[YuginKadoya]

I'm just curious.... Or didn't sell 60k bitcoin? or 50k or 40k

we all gotta learn our lessons

You can not judge them by their mistakes I think in due time they will surely learn about buying on Dips, because it is cheaper, and selling on highs to get profit, but there are these people that are new in the market who would just have their own indicator and I call it the heartbeat indicator were they will buy when the market is high, and they will ride on the hype when the coins are on the green they making wrong decision because the dips have come, and would repeat this process because they would feel the need and just riding the hype.

[ene1980]

You can not judge them by their mistakes I think in due time they will surely learn about buying on Dips, because it is cheaper, and selling on highs to get profit, but there are these people that are new in the market who would just have their own indicator and I call it the heartbeat indicator were they will buy when the market is high, and they will ride on the hype when the coins are on the green they making wrong decision because the dips have come, and would repeat this process because they would feel the need and just riding the hype.

The inexperienced always gets stuck most of the time, i have no idea who will be willing to invest when the market was rallying but you need to understand that there are new users entering the market and they will always make mistakes that will take a long time to recover. All they need to do is to hold for the long term rather than panicking and average their entry by investing whenever the market goes down and that is the only way they are going to recover that.

[irsykes]

Not want to resist if some people get FOMO when bitcoin really hyped by famous people and many good news that come. I think both of believer and people who get FOMO who buy it. But say that they are morons is not a good thing. Because no one know if bitcoin price will increased or not, and they can get their capital or maybe take profit with it.

[cocoadreamboy]

You can not judge them by their mistakes I think in due time they will surely learn about buying on Dips, because it is cheaper, and selling on highs to get profit, but there are these people that are new in the market who would just have their own indicator and I call it the heartbeat indicator were they will buy when the market is high, and they will ride on the hype when the coins are on the green they making wrong decision because the dips have come, and would repeat this process because they would feel the need and just riding the hype.

I don't judge them. Their portfolios do. I didn't sell in Jan 2018. That was my mistake lol

[aoluain]

They might be the people buying $540 bitcoins in 2015/2016 which was way overpriced from $220 .

You coulda gotten 2.5 bitcoins for the price of one.....

Maybe the same morons that didnt sell at $60k also didnt sell at $30k, $20k, $10k, $5k, $2.5k and $1k,
Thats me with my hand up!

There have been countless threads like this, its easy to talk and critizise after an event

[cocoadreamboy]

Maybe the same morons that bought at $60k also bought at $30k, $20k, $10k, $5k, $2.5k and $1k,
Thats me with my hand up!

In my professiona suggestion.... at least take some safety money bro. Greed is not good.

[Lanatsa]

Maybe the same morons that bought at $60k also bought at $30k, $20k, $10k, $5k, $2.5k and $1k,
Thats me with my hand up!

In my professiona suggestion.... at least take some safety money bro. Greed is not good.

Not greed but rather seeing this on making cost averaging even though risk is getting higher since you do throw up money even more but we know the chances of recovery here on crypto space specially with bitcoin then those buying on gradual basis would surely pays off.

On that way it would really lessen out the money you had lost when you bought on 60k but actually if  you are really going for long term then this wont be a bothersome situation for you but instead you can simply hold up until price recovers.

Buy the dip and that should be always on your main consideration that you must have some reserves.

[bucciarati]

very easy and moronic to tell it now..

[bitbollo]

They might be the people buying $540 bitcoins in 2015/2016 which was way overpriced from $220 .

the same that I was thinking.
after each ATH people are complaining about he price isn't growing exponentially. The same has happened in 2013 peak. And the same has already seen during 2017.There is not a bad time frame for buying bitcoin, maybe a bad time for selling it !

[cocoadreamboy]

Not greed but rather seeing this on making cost averaging even though risk is getting higher since you do throw up money even more but we know the chances of recovery here on crypto space specially with bitcoin then those buying on gradual basis would surely pays off.

On that way it would really lessen out the money you had lost when you bought on 60k but actually if  you are really going for long term then this wont be a bothersome situation for you but instead you can simply hold up until price recovers.

Buy the dip and that should be always on your main consideration that you must have some reserves.

Dude, I neither care, nor is it my problem. I'm setting up a conventional market short right now. I wouldn't touch crypto with a bildge pole up or down now lol

My pro opinion is we will prolly see 6-8k again. I'd be interested at $10k.Days weeks months year? no idea. Food for thought.

Only reason I'm talking is cause this topic popular apparently lol I'm drunk. Drunk me is poignant.

[Shasha80]

Not want to resist if some people get FOMO when bitcoin really hyped by famous people and many good news that come. I think both of believer and people who get FOMO who buy it. But say that they are morons is not a good thing. Because no one know if bitcoin price will increased or not, and they can get their capital or maybe take profit with it.

Indeed, most people who buy Bitcoin because of FOMO are influenced by famous people and the good news that comes. So they think the price of
Bitcoin will continue to rise, but the crypto world doesn't work that way. That's why I prefer to call people who buy Bitcoin at peak prices an
inexperienced investor, instead of calling them morons. Because experience is very important when investing in crypto, so as not to buy at peak prices.
Everyone who wants to be successful in the crypto world must have knowledge and experience, without these two things will definitely suffer losses first.

[Hippocrypto]

I'm just curious.... Or didn't sell 60k bitcoin? or 50k or 40k

we all gotta learn our lessons

No that's not a big deal for those who got their wrong choice mate, because one day we'll be back on track. It's just that happened market really saturated badly affected with huge FUD on the past few weeks. I think most new traders can't get over with several paid articles that shaken them to fear, and basically it became exaggerating and made them more panic so we're seeing more market dumps.