Who were the morons that bought 60k bitcoin?

[Johnyz]

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

we all gotta learn our lessons

We all make mistakes and no one knows that the market will go dip after reaching the peak so many times so this is indeed a lesson to be learned, there’s always risk on our every decision just be more responsible to take it and do better next time. If you still have the money, go start all over again because after this down price, you’ll see a new all time high, just have patience.

[Saisher]

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

we all gotta learn our lessons

I don't think they are morons they are risk-takers and true believers of Bitcoin reaching $100k, there's still hope for those who bought at this level that is if they are patient enough to HODL and we have 6 months to go before the end of this year and in highly volatile market things can happen so fast, it could go $50k in a week or $20k in a week, let's just see what the market will bring this year before we label anything.

[thecodebear]

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

we all gotta learn our lessons

If they are HODLers then they are geniuses as buying at $60k means they got in before almost everybody else.

[ice18]

Looks like OP is not a bitcoin believer buying at $60k is not a problem if you want to hodl it for long term, Do you think $60K will never break again and reached new ATH? I believe this bull market is not yet over what is happening is just a mini bear market lol.  

[Renampun]

moron? buy bitcoin don't rely on fiat...

those who buy Bitcoin at $60k, $50k or $40k are smart people, they don't care about their fiat, all they care about is they have to have as many bitcoins in their pockets. when the Bitcoin price goes to $100k or $200k then they are the winner.

[aoluain]

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.

Hmmm Greed, earlier in this thread you posted we could have bought 2.5 times the
amount of Bitcoin now. Wouldnt that be greed?

-

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

This is a popular thread ATM because of the language you use, Moron, Greed.

Not everyone is focussed on the market trends and trading signals, most
are happy to buy a little when they can, comfortable in the knowledge that it is safe
in the long term.

Its choice, when to buy and when to sell.

[cocoadreamboy]

Not falling into traps is not greed, my moronic friend, it is situational awareness and intelligence.

[bakasabo]

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

we all gotta learn our lessons

Say this to those who has bought Bitcoin in January 2018 when the price was $20k and held till the price reached $64k.
Check Bitcoin price life cycles. When you are back, I hope your vision will change. If you think that those who bought @ $60k are morons, then who are smart? What was the right thing to do? Buy at $60k and immediately sell when Musk tweeted about Bitcoin payment suspension and price starter to drop?

[Kong Hey Pakboy]

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.

Plus it is not their fault that they have bought at 60k, that was the price at that time and if you don't have any bitcoin, getting as early as possible is the best thing to do because you don't know if it will be the last the price will go that point because the prices have gone higher than ever.

[LogitechMouse]

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

we all gotta learn our lessons

Calling them morons is wrong at least for me. Call them newbies that would be better

As for me, I didn't bought at the peak but at the same time I didn't sell a portion of my holdings which is a little bit frustrating on my part. I want to at least convert some of my holdings into fiat because I will use it on something but I didn't do it.

Well for those who bought at the peak, I just hope that you aren't panicking right now because we might see Bitcoin at that price again soon . For those newbies out there who bought at the peak, I hope that this serves as your lesson like the OP has posted and I hope that you will learn from this.

[ultrloa]

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.

Plus it is not their fault that they have bought at 60k, that was the price at that time and if you don't have any bitcoin, getting as early as possible is the best thing to do because you don't know if it will be the last the price will go that point because the prices have gone higher than ever.

That's why we cannot call them moron because we have different entry points so we cannot really avoid losses since we cannot predict the market. Although its really bad to lose our money but this is part of learnings especy if the person who bought at the peak is new comer this will truly serve a lesson that next time they maybe careful on when to buy and how risky holding bitcoin is especially if bitcoin is at the peak.

[inanilujimi]

real idiots buy Bitcoin for $60k and sell for $35k. basically I believe the potential of bitcoin can continue to exceed the ATH it makes, learned from the experience of 2017 only true holders will benefit and not for weak hands.

[MCobian]

real idiots buy Bitcoin for $60k and sell for $35k. basically I believe the potential of bitcoin can continue to exceed the ATH it makes, learned from the experience of 2017 only true holders will benefit and not for weak hands.

A person who buys Bitcoin at $60k is not stupid if he doesn't sell it at a loss. Because most people when buying Bitcoin at a price of $60k,
then the Bitcoin price falls, then they will panic and sell the Bitcoin they have. Therefore, if we include people who bought Bitcoin at a price of $60k,
and now Bitcoin is still under the price of $40k. Don't panic and sell it, because if we don't sell the Bitcoin we have it means we haven't suffered a loss.
We have to be strong hands, by still holding the Bitcoin that we have if the price drops.

[YuginKadoya]

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.

Yes! most of the time they are buying on the hype and the market is on the green field, but I am not saying that it is good or bad in buying in every bull market it depends on the situation because mostly all are selling on this kind of cycle, and only buying the dips, and if they got stuck holding is a better solution than selling your asset into oblivion, we cam say that they should not have the fear on missing a cycle on cryptocurrency because the opportunity is still there you just need to be patient with it.

[xSkylarx]

Even if some people bought at that price they won't lose anything as long as they have strong hands to hodl. Just like the people who bought bitcoin at $20k way back 2017, after many years of bear market it already broke that price last year and already made a new high of $65k. During bitcoin's rally, it has really been unstoppable so we can't blame those people if they bought at that price. Buying bitcoin is not just a short term-goal, it has a limited amount of supply but its demand is continuously increasing so $60k per bitcoin could still be cheap few years from now.

[South Park]

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

we all gotta learn our lessons

It is all a matter of perspective if they were dumb enough to sell their coins for less than that then I will agree with the characterization you made out of them, but if they are still holding their coins then they will do fine, in fact I think there are good enough chances that those people will not only recover their money during this year but that they do in fact make money with their investment, but this can only ever become a reality if they decide to hold their coins no matter what.

[ShowOff]

Bitcoin is a volatile asset and its price will never be stable. I wouldn't say those who bought at $60K were stupid because now the price is down almost 50% because maybe they are quite confident in the analysis they are making. As long as they are willing to keep it for the long term then they will not lose the bitcoin they have bought but it is true that they have lost almost 50% of the invested capital.

People believe that history can repeat itself and the situation with bitcoin today may be almost the same as it was in 2017. If 2017 ATH has broken in 2020, then $64K ATH in 2021 will also be broken in the following years. So nothing is impossible, I'm sure history will keep repeating itself. Why should we call him morons?

[jaberwock]

It is all a matter of perspective if they were dumb enough to sell their coins for less than that then I will agree with the characterization you made out of them, but if they are still holding their coins then they will do fine, in fact I think there are good enough chances that those people will not only recover their money during this year but that they do in fact make money with their investment, but this can only ever become a reality if they decide to hold their coins no matter what.

I just do not care if they bought here or there or any price and if they hold or sold or whatever. I just think that people are making out those who bought at 60k as "morons" for nothing, it is really a horrible thing to do and it is indecent. You should not care where people bought, because no matter what ATH is, there is more to be made in the future.

When we broke over 20k people still bought and that is how we became 30k, when we were 30k people still bought and that is how we became 40k, when it was 40k people bought and we became 50k which means you have to buy at 60k so we can be 70k and that is what people were doing and I do not think that it was a bad move, sure we dropped and when we look at it right now you will think that it is a bad move but the reality is that at the moment that was a good thing to do because bitcoin was in a bull run.

[cocoadreamboy]

I just do not care if they bought here or there or any price and if they hold or sold or whatever. I just think that people are making out those who bought at 60k as "morons" for nothing, it is really a horrible thing to do and it is indecent. You should not care where people bought, because no matter what ATH is, there is more to be made in the future.

When we broke over 20k people still bought and that is how we became 30k, when we were 30k people still bought and that is how we became 40k, when it was 40k people bought and we became 50k which means you have to buy at 60k so we can be 70k and that is what people were doing and I do not think that it was a bad move, sure we dropped and when we look at it right now you will think that it is a bad move but the reality is that at the moment that was a good thing to do because bitcoin was in a bull run.

They are morons little girl lol All you 20k idiots forget BTC hit 3.5k later that year. MORONS lolololololol

[smyslov]

We should thank these people who still bought Bitcoin when it is hitting $50k it's risky but these people are taking a risk at moving the price of Bitcoin, I believe these people are not newbies and they just keep adding more Bitcoin to their portfolio, we really never know if they are buying because they have sold all their Bitcoin after making a huge profit, we should not call them morons if we don't have people like them, Bitcoin will be in a standstill or fall.