Are investors investing in Bitcoin at ATH now are fools ? Is there chance of major correction from here as prices have already peaked now.
Yes, especially if they are going all in.
What if they sell everything within the context of more than a 50% fluke correction and they hit their sale near the bottom and then they buy back 1/10th of what they sold?
So yeah, maybe there are ways to attempt to learn the value of incrementalism, but also not over doing it?
Going "all in" is usually not a good idea at any time, even if you have high chances of being correct and/or you end up being correct.
Buying an asset from its ATH price is often not a good idea.
You are making the same mistake as OP with your seemingly presentation of an assumption that all ATHs are equal. Would you at least concede that in bitcoinlandia, there is a difference between an ATH that is from 2-3 years earlier versus an ATH that might be being set anew over and over and over?
There are also likely differences in ATHs that are mere percentages higher than the ATH from the previous cycle, versus ATHs that might be3x versus 5x, versus 10x or versus 20x higher than the ATH from the previous cycle. They probably should not be treated equally, but they could still be buying opportunities, especially for nocoiners or low coiners.
If they really like btc why haven't bought it months ago when the price was much lower?
Maybe they ONLY just heard about BTC and/or ONLY just realized that BTC is asset that has a lot of upside potential. If they are a no coiner, shouldn't they get started no matter what? Or do you consider waiting to be a good investment strategy for no coiners? Actually low coiners could also be in a similar situation in which they had under invested in dee cornz, and then they come to realize the folly of their previous whimpiness, and so they may well be faced with a situation in which they have to decide what to do right now.
They are not able to turn back the clock, so maybe amongst the best of choices would be to increase their investment right now rather than employing a waiting strategy and/or continuing to be whimpy.
We know that overly whimpiness can be a problem, just like overly aggressiveness can also be a problem that causes people to get into pickle situations because they have failed/refused to adequately prepare for BTC price movements in either direction, including preparing themselves for possible extremes (short-term or long-term extremes) in either price direction.
These people are probably going to get bamboozled big time. If they are going all in now, it means they can't control their emotions and they are greedy as fuck. They are pretty much gambling and gamblers usually lose money.
You are assuming a lot. Maybe you and OP are on the same page?
One of the best things for no coiners, even at the ATH like this, is to figure out their own finances, and divide it up into 3 categories that involve lump sum, DCA and buying on dips, and then figure out how much they are going to put into each.. maybe consider a 6 month plan to start and then reassess after 5 months regarding whether to continue with their previous plan or to employ some kind of modified and/or different plan. So a newbie no coiner may well come to the conclusion to invest right away, even if the BTC price is at a prior ATH.
Let's say that a newbie no coiner has $6k in cash that he is able to invest into bitcoin, and the knows that he has $3k discretionary/disposable income coming in in the next 6 months that he would be able to DCA, he could divide his current $6k in half. Half for buying on dip and half for lump sum, or he could skew his current $6k more towards lump sum, especially since he is already a no coiner and he wants to prepare for up. There is no way to prepare for up if he does not buy some. Waiting is not a sound strategy since it is only preparing for down, and we have no fucking clue which way the BTC price is going to go merely based on it reaching an ATH from more than 2 years ago.
If they only found about bitcoin (which is unlikely) and they still want to invest, they should DCA.
Fair enough. But what if they have $6k in cash that they are able to invest and $3k income in the next 6 months? You want them to DCA all of that? From your point of view, over what period of time should they DCA the $6k that is already available right now?
The part that many new investors are missing is there is no loss with bitcoin until you sell yours at a lower price than you buy
The most important thing to ensure this is to ensure only extra funds that one can afford to loose. Otherwise, if you are spending your daily needs money on bitcoin and in future there is major correction, you might still need to withdraw for some emergency. But if you are spending extra income only, then this issue will not arise. So you should spend only 10-30% of total income which is left after all the monthly expenses.
Moreover, if possible, try to diversify in multiple coins for more safety. You said everything correctly, except your last statement is retarded. You sound like a shitcoiner.
Why dilute your investment into shitcoins if you have already identified bitcoin as either a good investment or perhaps amongst the best of investments currently known to man? then why diversify? just for the sake of it? because the word "diversify" sounds good? because you heard other smart people say it? hahahahaha
Don't mean to pick on you, but that idea of diversification for the mere sake of diversifying is not very smart, especially if you have any clue about what bitcoin is.
