Are investors investing in Bitcoin at ATH now are fools ?

[Mayor of ogba]

Are investors investing in Bitcoin at ATH now are fools ? 

It's not really a good idea buying Bitcoin at all time high as it stand now neither is the person buying a fool, having the mind set that Bitcoin is a long-time investment there is a possibility that Bitcoin will hit all time high ATH this year one could still make a huge profit from it who knows. Most successful business people we see today took risk in life to be successful but that doesn't mean one will invest all what he/she has to invest on Bitcoin at all time high.
Those investing now knows the capability of what Bitcoin can produce and also their profit when it hit all time high this year.

Accumulating bitcoin in the bear market is better than accumulating bitcoin when the price is at its peak because you will accumulate most of your bitcoin at a low price. But if you have any money, you will not be using it for a long time, and you want to accumulate bitcoin now. Since bitcoin is a long-term investment, you can accumulate and still make a big profit if you hold it for a long time and never sell at a low price. Using all your money to invest in bitcoin is not a good idea. You will end up selling your bitcoin because you did not make provision for a reserve fund that you will use to settle your unforeseen financial problems.

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[MarjorieZimmermanGinger]

Usually this is true for people who don't have a specific plan with their investments, and are just coming to the market on a shortterm basis hoping to see quick profits, but perhaps they also are victims of ignorant FOMO.

Whether buying now or at ATH, understand that bitcoin's price rise has just begun and it is only a matter of time before it reaches a new ATH, the only thing to do for those who don't want to do research much is patience. Although the current period of bitcoin volatility is large, it always comes with opportunities/risk for everyone. If you make good use of it, it's natural to laugh out loud with your investment.

The assumption that people who make purchases in the current conditions are stupid is not much more stupid than people who can only talk but are never moved to buy. Their habits are influenced by shallow knowledge because in fact we see that Bitcoin's rising period is always marked by a cycle for its highest price and the problem is that they are unable to assess the accumulation of buying and selling conditions in which period? Bitcoin can be bought at any price, but we also have to be a little rational because not everyone has the same opportunities.

I mean if we have small capital then we should better understand when to try to accumulate and when to use the DCA method. In contrast to investors who have a lot of capital because price is not a problem for them to buy, there are times when large investors run counter to small investors because for us small investors have to be clever at taking advantage of opportunities.

[cr1776]

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

No one knows.  If history is any guide and if you have patience then it is a fine time to buy, particularly with the halving coming up in a few weeks.  The time to buy is when you can because you never know when you will need bitcoin.

[Ale88]

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 wouldn't say they are fools but for sure they are taking a bigger risk than the majority of people. Anyway this year there is a high probability that we could go beyond $100k, so even if before it dumps, if they hold, they can still make some profit. It also depends what their plan is: if they actually want to buy bitcoin or if they just want to make some profit, in that case I think that it would be easier to bet on some altcoins, more space for them to grow.

[Distinctin]

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

No one knows.  If history is any guide and if you have patience then it is a fine time to buy, particularly with the halving coming up in a few weeks.  The time to buy is when you can because you never know when you will need bitcoin.

It depends on your purpose. If you are buying bitcoin because you firmly believe that history will repeat itself and will reach a new all time high soon, then buying bitcoin at its high price is never a foolishness. However, if you are buying bitcoin because of hype and FOMO, yet you never made a research prior to investing, then you are being a fool in there. No matter how profitable the investment is, as long as you’re incapable to make it work and succeed, then you are not thinking smartly, but acting like a stupid investor.

[sukbir]

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 would say no because it might go high higher due to bitcoin etf n halving. When price goes up investors have FOMO then they keep buying will have new ATH.

[Fivestar4everMVP]

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

We are in a bull run, or about to enter a bull run, bitcoin is still going up and will go even higher than where it is right now, so, to answer the question more plainly, those investing in bitcoin right now are not fools, why? Because according to predictions and available data, bitcoin may likely go as high as $150,000 and above, this is a conservative price prediction, if we are to be raw, I would join those who are saying that bitcoin will record a new all time high of $300,000, if you check the current price of bitcoin and look at where the price is going to, you will understand why those who are buying even right now are buying.

And yes to your second question, bitcoin is an asset that fluctuates in price, this means that, the price goes up and down, while the price of bitcoin reaches its previous all time high and goes into discovery of another all time high, there will be corrections from time to time, and this is because those who invested earlier will try to take profit, which will cause the price to drop, this drop is always good, as it will allow or create a chance for new investors to also enter the market and be part of the fun ride.

[OrangeII]

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

No one knows.  If history is any guide and if you have patience then it is a fine time to buy, particularly with the halving coming up in a few weeks.  The time to buy is when you can because you never know when you will need bitcoin.

It depends on your purpose. If you are buying bitcoin because you firmly believe that history will repeat itself and will reach a new all time high soon, then buying bitcoin at its high price is never a foolishness. However, if you are buying bitcoin because of hype and FOMO, yet you never made a research prior to investing, then you are being a fool in there. No matter how profitable the investment is, as long as you’re incapable to make it work and succeed, then you are not thinking smartly, but acting like a stupid investor.

yeah, this is not wrong. When bitcoin is in the spotlight like it is today, many ordinary people rush and buy bitcoin using their main money. They buy just because it's hype without knowing what and how bitcoin itself is. This happened in my environment. Quite a lot of ordinary people ask about the price of bitcoin and want to buy it.
However, for those who are ready for the risk and believe that Bitcoin price can reach a new higher ATH, I think they are taking that decision based on their own research and analysis. Because if you look at history, the price of bitcoin could rise even higher after the halving occurs.

[yazher]

I don't think they are fools because their contributions are necessary for the crypto market to spike its price this upcoming year and there would be another batch to follow them as well because the loop will not stop until some other people dump their bitcoins and lower price and it will surely affect the market and the price will dramatically subside along with the hype. As far as the bitcoin halving season is still here, expect more people to buy bitcoins even if the price is high and expect the price to grow as well until it reaches another ATH.

[Iranus]

I don't think they are fools because their contributions are necessary for the crypto market to spike its price this upcoming year and there would be another batch to follow them as well because the loop will not stop until some other people dump their bitcoins and lower price and it will surely affect the market and the price will dramatically subside along with the hype. As far as the bitcoin halving season is still here, expect more people to buy bitcoins even if the price is high and expect the price to grow as well until it reaches another ATH.

For bitcoin to continue to increase in price, the demand for it must increase even more and new investors are that catalyst. So, frankly speaking, it is difficult to say whether they are idiots or not, but without them, the market would hardly develop and bitcoin would not increase in price. Therefore, deciding when to enter the market is each person's decision, we have no right to judge whether they are right or wrong.

As an old investor, I wish more people would enter the market because then that would push the price of bitcoin higher and it would be a good time to make a profit. It sounds harsh but that's how financial markets work.

[reagansimms]

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 and they also know the big Bitcoin bubble that just happened is not over yet. Their belief in Bitcoin is so strong that they dare to invest even though prices are soaring. Who knows, now Bitcoin has reached ATH or peaked this year. The price of Bitcoin is very difficult to predict, making them confident that the price will continue to soar high. Even though there is a slight correction, it is a market cycle that cannot be avoided.

[CageMabok]

The assumption that people who make purchases in the current conditions are stupid is not much more stupid than people who can only talk but are never moved to buy. Their habits are influenced by shallow knowledge because in fact we see that Bitcoin's rising period is always marked by a cycle for its highest price and the problem is that they are unable to assess the accumulation of buying and selling conditions in which period? Bitcoin can be bought at any price, but we also have to be a little rational because not everyone has the same opportunities.

Buying Bitcoin in conditions like now is still the best option if the goal is to hold it for the long term rather than sitting around doing nothing. Because we can see that there are many people who are starting to regret it now because they are still afraid of buying Bitcoin in the past. So people who already believe in Bitcoin don't need to be afraid to continue buying at this time if they still have the ability to use the money and put it into Bitcoin as a better investment option for ourselves.

I mean if we have small capital then we should better understand when to try to accumulate and when to use the DCA method. In contrast to investors who have a lot of capital because price is not a problem for them to buy, there are times when large investors run counter to small investors because for us small investors have to be clever at taking advantage of opportunities.

Investors with small capital should not be confused with investors who have large capital because the stages of buying Bitcoin for long-term purposes are slightly different in the methods they will use. But personally, I will continue to use a method that doesn't make it difficult for me when I want to buy whatever I want because this can at least help me accumulate the capital I have even though what I want to buy is the best asset like Bitcoin.

[DanWalker]

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 and they also know the big Bitcoin bubble that just happened is not over yet. Their belief in Bitcoin is so strong that they dare to invest even though prices are soaring. Who knows, now Bitcoin has reached ATH or peaked this year. The price of Bitcoin is very difficult to predict, making them confident that the price will continue to soar high. Even though there is a slight correction, it is a market cycle that cannot be avoided.

Do they have faith in bitcoin or are they Fomo because the news is spreading about bitcoin on the internet? I'm not saying they are stupid to buy bitcoin at high prices but before buying they need to have clear knowledge and vision about bitcoin. They should not buy bitcoin with a Fomo mentality and know nothing about it because there is no guarantee that bitcoin will continue to go higher in the future, it is all just a prediction and everything is risky. We should always have a backup plan and not be too subjective, especially with volatile assets like bitcoin.

[JayJuanGee]

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 wouldn't say they are fools but for sure they are taking a bigger risk than the majority of people. Anyway this year there is a high probability that we could go beyond $100k, so even if before it dumps, if they hold, they can still make some profit. It also depends what their plan is: if they actually want to buy bitcoin or if they just want to make some profit, in that case I think that it would be easier to bet on some altcoins, more space for them to grow.

As a general proposition, that would be dumb to invest in shitcoins instead of bitcoin (or even accompanying a bitcoin investment), probably especially for a newbie.

[Wakate]

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 and they also know the big Bitcoin bubble that just happened is not over yet. Their belief in Bitcoin is so strong that they dare to invest even though prices are soaring. Who knows, now Bitcoin has reached ATH or peaked this year. The price of Bitcoin is very difficult to predict, making them confident that the price will continue to soar high. Even though there is a slight correction, it is a market cycle that cannot be avoided.

This bull run is going to be very massive and we should be very prepared to ape in and accumulate. If anyone is buying Bitcoin at this stage, it's still a good idea because the Bitcoin halving is still loading and that would make the price of Bitcoin skyrocket for users to make more money. We need to have an investment strategy and know when we are leaving the market and coming back again without much thought. If Bitcoin could reach all time high at this stage when the price of Bitcoin and the halving has not occurred, we could be lucky to earn more from Bitcoin with time.

[JayJuanGee]

We need to have an investment strategy and know when we are leaving the market and coming back again without much thought.

That sounds more like a trading strategy rather than an investment strategy.

Unless you are talking about investing in bitcoin and then just leaving your investment sit for a period of time, such as a year or two or maybe a cycle or 6 years. 

It is not easy to leave an investment alone, except I know some guys who left when they had invested in BTC, and they started to see the BTC price correcting, and so they left with the purpose of not thinking about their investment for a few years while the market corrected and potentially returned to an ATH 1, 2 or 3 years down the road.

Are you implying that we might b correcting from here?  I have my doubts about any kind of imminent and/or meaningful correction, even though I realize that anything can happen, especially with some short-term surprises that end up having lingering effects - and those kinds of things could end up happening in either price direction.

[Hypnosis00]

Buy high and sell low. This often happens to people who buy Bitcoin during peak and dispose of their BTC when seeing the marker decline.
But for me, it was not a foolish action they have made but just a big mistake for someone who doesn't know what it is all about.
FOMO - is also a factor making people decide to buy at the current price believing it grow more. Unfortunately, the market never goes smoothly and continuously grows, there are times that dumps happen after the pump.

It has been said that there is no perfect time to buy but at least, buying Bitcoin during corrections is more profitable than buying during bull season.

[Ale88]

Buy high and sell low. This often happens to people who buy Bitcoin during peak and dispose of their BTC when seeing the marker decline.
But for me, it was not a foolish action they have made but just a big mistake for someone who doesn't know what it is all about.

That is what usually happens to people who don't understand bitcoin but also finance in general: in the long run there is a very high possibility that bitcoin's price will keep going up. I'm not sure I would buy today at $68-69k, maybe I would wait for a little dip, anyway even if you buy at the very top of the cycle at that point you need to be patience and wait for the next ATH, and then you're in profit. Of course it would mean waiting for months or even years, but you only lose when you actually sell.

[jrrsparkles]

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

If they buy now and lost confidence after correction then decided to sell it is stupid move and those you can consider as fools but there are people who enters now and wait for the price to go higher it can take months or years and definitely they still can make money in the next cycle.

[JayJuanGee]

Buy high and sell low. This often happens to people who buy Bitcoin during peak and dispose of their BTC when seeing the marker decline.
But for me, it was not a foolish action they have made but just a big mistake for someone who doesn't know what it is all about.

That is what usually happens to people who don't understand bitcoin but also finance in general: in the long run there is a very high possibility that bitcoin's price will keep going up. I'm not sure I would buy today at $68-69k, maybe I would wait for a little dip, anyway even if you buy at the very top of the cycle at that point you need to be patience and wait for the next ATH, and then you're in profit. Of course it would mean waiting for months or even years, but you only lose when you actually sell.

Sure, we are at an ATH, but there is no evidence beyond almost pure baseless conjecture that we are at either a local top or another ATH.  In other words, if you either are a low coiner or a no coiner, you better get your off your ass and buy some bitcoin - otherwise you are not prepared for up, and it is not going to do you any good to prepare for down if down does not end up happening.  If down does end up happening, and you bought at current prices ($68k-ish), then hopefully either you have some dry powder to buy some more or you just HODL through the period in which the BTC price is lower than your purchase price.

Hopefully anyone getting into BTC for investment purposes has a timeline of 4-10 years or longer, and if they happen to be a newbie to bitcoin and just learning about bitcoin, it is way better to get started rather than waiting around, especially you likely don't know too much about bitcoin if you happen to be a newbie, and getting involved through buying and establishing a stake in it, is going to help to inform you in a more active way rather than sitting on the sidelines and waiting for something (such as a price drop) that may or may not end up happening.