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Author Topic: Are investors investing in Bitcoin at ATH now are fools ?  (Read 2591 times)
owenle (OP)
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March 04, 2024, 01:39:58 PM
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 #1

Are investors investing in Bitcoin at ATH now are fools ?  Is there chance of major correction from here as prices have already peaked now.
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March 04, 2024, 01:45:41 PM
 #2

Are investors investing in Bitcoin at ATH now are fools ?  Is there chance of major correction from here as prices have already peaked now.

How do you know that current ATH is the peak for the year. There are good chances that BTC can close to double or triple of current price by the end of the year. I assure you that if you do not buy BTC and it performs well for remaining part of the year as well, then you will surely look like a fool.
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March 04, 2024, 01:49:44 PM
 #3

Are investors investing in Bitcoin at ATH now are fools ?  Is there chance of major correction from here as prices have already peaked now.
As long as you are not investing because of FOMO or for short term profit. If you intend to have a long term bitcoin investment for 4-6yrs and above, then the price that you are buying shouldn't be a problem. This is why we have the DCA method of accumulating bitcoin, which gives us the advantage to buy bitcoin irrespective of the price.

Buying regularly using DCA helps you to balance the average price of bitcoin in your bitcoin investment, because if you are consistent, and persistent in it, after buying at the bull run, you will still buy during the bottom line of the next bear market, and so on. By next circle bull run, you will have some profits. Don't allow the price of bitcoin to discourage you and keep on waiting, because that is the worst of it.

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March 04, 2024, 02:07:19 PM
 #4

Are investors investing in Bitcoin at ATH now are fools ?  Is there chance of major correction from here as prices have already peaked now.
I don’t think they are. In fact, people who chose to invest in bitcoin over altcoins are smart enough. However, investing during ATH is not the perfect entry to the market but it should be price at its bearish. But we can’t control how people deal with bitcoin price. One thing is certain, as long as they invest in bitcoin for long term, then there’s no issues with that. They’ll eventually sell only when the price is higher from the price they bought bitcoin first.

Now when it comes to market correction, it’s always inevitable in the first place. But we can’t tell certainly as to when its major correction will appear in the market. We just have to be prepared for it and embrace more patience by not selling our bitcoin at a lower price. The price will eventually recover so we just have to hold our coins tighter without resorting into panicking every time the price drops lower.

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March 04, 2024, 02:19:44 PM
 #5

Are investors investing in Bitcoin at ATH now are fools ?  Is there chance of major correction from here as prices have already peaked now.

This is not the ATH for the current cycle. All long term crypto holders and traders know that there’s always a new ATH for every crypto cycle that usually x2 of the previous ATH. I think those investors that buying at the current price is thinking a larger price target for new ATH since it’s proven many times since Bitcoin start trading more than a decade ago.

Buying Bitcoin at any price is never a dumb choice since its price keeps growing or recovering whenever it’s dump. It’s either you will left behind when price pump hard more or you will just end up holding Bitcoin if the price correct and hold it until it recovers.

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March 04, 2024, 02:32:53 PM
 #6

My magic 8 Ball says "NO"

Consulting the dartboard after breakfast
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March 04, 2024, 02:47:14 PM
Merited by JayJuanGee (1)
 #7

Are investors investing in Bitcoin at ATH now are fools ?  Is there chance of major correction from here as prices have already peaked now.
The only people I would call foolish are those who are waiting for a price drop before investing in Bitcoin. We might not have reached the highest price yet, and the next halving is coming in April. There are many reasons why the market is moving like this, and it's just the beginning.

If things keep going like this, Bitcoin might reach $100k this year, setting a new record. So, if you're thinking about investing in Bitcoin, it's not too late. There might be a dip before the halving, but this isn't the last ath. So You can keep buying and investing for now.

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March 04, 2024, 02:52:01 PM
 #8

No, they are not fool. And the ATH you are talking about will be far behind once you understand the Bitcoin 4 Year Cycle and expected Bitcoin ATH for the next peak of the cycle i.e. Nov/Dec 2025.
You could try searching for else just go and look at my charts and you will realize the next ATH that Bitcoin can reach is way more and fruitful even though if you invest at the current prices.
No one should be called a fool for investing in Bitcoin, it only works for Gold investors.
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March 04, 2024, 02:58:11 PM
 #9

Do you think people who bought Bitcoin at $19K on 2017 are fools? you know the answer.

How you can be sure if the current Bitcoin price is already at the peak? in 2020 Bitcoin able to reach $19K again and it's keep rising to $63K before it downs.

So it's not really surprising if Bitcoin can reach the previous ATH in this year and we could see down turns for few months, until Bitcoin made it's new ATH in the next year.

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March 04, 2024, 03:00:29 PM
 #10

Are investors investing in Bitcoin at ATH now are fools ? 

They aren't fools, bitcoin is a profitable investment and we are just close to the previous all-time high, we need more little steps to the $69,000 all time high and from there hence it can be more profitable as expected, but for now, we are still on $66,000 and investing from this market value is not acting being insane, instead, an advantage in seeking out for opportunity on an investment made on bitcoin.
 
Is there chance of major correction from here as prices have already peaked now.

We can't predict bitcoin movement accurate, just as we least expected that it might have been this far, we should always expect the impossible and prepare ahead down for the worse.

R


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March 04, 2024, 03:05:30 PM
 #11

Investors purchasing Bitcoin at All Time High back in 2012 were fools too.  People tend to forget how easy it is to call some body out when things go bad and also tend to forget when they are wrong.

It is very rare that we get a glimpse of how things turn in the future.  Even then, they are still not certain.  Some Shit Coins have been called out many times before and truly turned out to be scams.  Some of us were 99 percent sure things will take a down turn for these Shit Coins some day and they did.  But there was a chance we were wrong too of course.

Investors are not fools unless they are fooled into believing something that is not real or true.  Shit Coin investors are mostly fools or naive.  Time will tell whether investors of Bitcoin will continue to earn a profit.  Past tells us they will.  Future is uncertain.

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Lucius
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March 04, 2024, 03:28:02 PM
 #12

Are investors investing in Bitcoin at ATH now are fools ?

The answer is YES and NO.

YES - those who have been investing in Bitcoin for years and know what is happening, but still have some doubts all the time, and instead of taking advantage of the long bear market, they start investing only now.

NO - The one who is a beginner is in a situation where he can invest now, regardless of the price, or wait for the next correction and bear market, which may only occur in about 2 years. Besides, maybe people wouldn't feel like fools if they understood that Bitcoin is much more than a get-rich-quick scheme.

.
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sunsilk
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March 04, 2024, 03:29:47 PM
 #13

Are investors investing in Bitcoin at ATH now are fools ? 
Looking at the present, people that don't really like these people will say that they're fools. But if they're projecting long term and they know what they're doing and they've got a strong hands to hold on, they are not fools.

Is there chance of major correction from here as prices have already peaked now.
It seems that it has peaked but I don't think that this is the maximum that we'll ever get from this cycle. I do believe that there will be some correction but it won't be as major as it may seem to be because we're already in the bull run.

The peak hasn't been seen yet but we're close to the last ATH of 2021 and after that, this is where the part goes of how high it can go as the peak for this cycle.

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March 04, 2024, 03:31:00 PM
 #14

Not foolish but has high risk appetite. The thing that controls the market price movement is the demand from its community of users or investors. Meaning, no one is certain whether it will be a continue or upward price movement or there will be a sudden crash in its value. The only thing which makes it "risky" at this moment is its price reaching and breaking its previous all time high market price. There's this assumption that the price could fall anytime but everything's subjective. What if it continue to increase? Would it still be foolish? Those who invested at this point are simply ones who embraced the risk. As long as they manage the risk by setting a stop loss, then things would be fine even if a sudden unwanted thing happen. Of course purchasing at a lower market price would be better but given the lack of assurance, there would be a FOMO assumption as well. There's no best price point to enter, only good or bad. It will be considered bad if price movement will go the opposite of majority's expectations.

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March 04, 2024, 03:36:45 PM
 #15

Are investors investing in Bitcoin at ATH now are fools ?  Is there chance of major correction from here as prices have already peaked now.

they are not stupid for investing now because they already have their own calculations where they will be able to get a profit not in 1-2 years of investment, but longer than that. so if you say that they are stupid, remember that they are not traders, but investors who already have their own calculations regarding various conditions that may occur in the near or long term. and they are ready to face that.

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March 04, 2024, 03:38:34 PM
 #16

Are investors investing in Bitcoin at ATH now are fools ?  Is there chance of major correction from here as prices have already peaked now.

Is this first time btc going to break ATH? If you post same post when btc was breaking ATH of 100$ then this thinking made any sense. ATH doesn't mean that it is last peak price.  This time btc is much more stronger than previous, it is not fake pump, The organization and big whales are accumulating btc for long term because they know the value and demand after btc halving.

 I don't think that person starting holding btc from today will be called fool but if I will say that he must buy only 50% or less to buy at current rate First I believe that the price will cross 80k this time but if btc dumped for some corrections then he should used other 30% to buy at low rate.

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March 04, 2024, 03:39:42 PM
 #17

Are investors investing in Bitcoin at ATH now are fools ?  Is there chance of major correction from here as prices have already peaked now.
The only person who can be called a fool in BTC-investments is the one who sells this cryptoasset at a loss (cheaper than the purchase price). Are those who buy bitcoin at ATH fools? This is impossible to determine right now. If, under the pressure of emotions, panic, fear, these people sell bitcoin during a subsequent correction (which can't be avoided) or during a bear market during the subsequent btc-cycle, then such investors can't be called anything other than fools.

I agree that buying at current ATH is far from being under the best conditions, but by the next ATH even these numbers will seem ridiculous and very profitable. So, by being patient, they (current BTC-investors) can avoid the fate of being called fools.

There is a proverb: "chickens are counted in autumn".

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March 04, 2024, 03:55:59 PM
 #18

The only person who can be called a fool in BTC-investments is the one who sells this cryptoasset at a loss (cheaper than the purchase price).
Well I mean many Luna holders would contradict you.  Bitcoin has been called out for 'dying' many MANY times before.  If only once this call out would of been true, it would be enough for all the people who sold at a loss to be SMART instead of fools.  Then the fools would be the Holders.

It is also possible that Bitcoin suddenly drops by 30 percent and will never get to recover to All Time High again.  We would all be fools.

Only the future will determine who the fools really were.

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March 04, 2024, 03:59:56 PM
 #19

Are investors investing in Bitcoin at ATH now are fools ?  Is there chance of major correction from here as prices have already peaked now.
At ATH in 2021, if they still hold their bitcoins, they will see it again.

After the halving, months after that event, Bitcoin will have a parabolic growth and 2021 ATH will be a past story. We wil have a new all time high and 2021 ATH buyers will get profit.

If they were panic since 2021, they already shaked their hands and sold their bitcoins. If they still hold coins now, no reason why they feel fool today.

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March 04, 2024, 04:16:39 PM
 #20

not is a recommendation

Anyone who didn't want to buy in 2020 when it reached 20 thousand (ATH 2017) missed the entire rise in the cycle. I'm not thinking about getting rid of anything and I'm not going to buy anything either, I've already bought everything I had... I finished shopping in December 2022. I ran out of FIAT money haha My rule (not is a recommendation): ALL IN and "just go"  Tongue

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