uneng
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March 05, 2024, 05:13:21 PM |
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People keep investing in BTC despite the recent pump due to believing Bitcoin will still hit higher price levels soon. Investors are bullish on Bitcoin. They consider the bull run has just begun, therefore it's still profitable to buy more coins. Maybe they also do DCA, so they would buy anyway, being BTC cheap or expensive. Others might be late investors who are facing FOMO (fear of missing out), so they finally decided to acquire some coins.
There are many reasons which can motivate someone to invest in Bitcoin right now. Inevitably, there will be always people buying Bitcoin, including those moments when the market is turning from bullish into bearish, as we have already seen in every cycles so far in Bitcoin market. The advisable moment to buy was when the price was pretty stable around 40,000$ price range, though, as members of this forum have been saying constantly.
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Kelward
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March 05, 2024, 05:13:31 PM |
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I'll have to agree with some commentors on this thread that says that the reason why more people are still investing in Bitcoin despite it's massive price pump is because of FOMO, especially for newbie investors, and who can blame them or anyone else that's still accumulating, experienced speculators have predicted that price will reach $150k in the peak of bull run. So if all the speculations and predictions are anything to go by, then I think that it's still safe to keep buying and hodling, because with this relatively high price now, it still assures of %100 profit in approximately one year's time.
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Mate2237
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March 05, 2024, 05:18:20 PM |
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Op You lie but I will not blame you because you didn't gotten experience on the previous All Time High (ATH). The previous All Time High was $69,000 and bitcoin only hit $69,000 so it has hit the new all time. Therefore for bitcoin bronchitis the new All Time High, it most hit from $70,000 and above then we will experience the new all time high. Though most of us didn't see the previous All Time High but we have read it from different sources so there is nothing hidden there again.
There is fear because of the uncertainty of the price today because as bitcoin hit $69k, immediately it rush back to $65k so there is fear in the market right now.
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hatshepsut93
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March 05, 2024, 05:52:01 PM |
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I'm not investing now, but investing when the bull run only just begun is not a horrible idea, but you need to take profits at a later stage, otherwise you could even miss out on profits entirely and have to sit with a loss for the next bear market, which is pretty bad.
The price right now is not only at ATH, but also at the peak of the previous cycle, and we can expect that the next peak will be way higher, like it always was before.
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shield132
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March 05, 2024, 06:18:28 PM |
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Bitcoin touched new ATH in 2024 of around $69000. There is fear in some investors that there can be a big correction from here. But, there are many investors who are still investing in bitcoin even if the prices are near ATH. What is your one primary reason to keep investing in BTC even at these levels.
I am doing this because I am positive with the ETF news. It is resulting in major adoption to users who were earlier reluctant to invest in bitcoins.
Those investors who are investing in Bitcoin when the price is near ATH, are simply average Joes with no understanding of the market. They look at the price of Bitcoin when it's low, then they think that it's a scam, and then they think that it's going to fall, then it doesn't fall, it rises again, and they still hesitate to buy it, then it rises again, FOMO kicks in, it reaches phenomenal price and then they buy it but now it's too late, the bubble busted and thanks to the late investors, other people are making a profit. I don't buy during ATHs, I only make short sell but it's very risky too. Btw sometimes I buy during ATH when I want to make a Bitcoin transaction.
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Franctoshi
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March 05, 2024, 06:43:00 PM |
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Bitcoin touched new ATH in 2024 of around $69000. There is fear in some investors that there can be a big correction from here. But, there are many investors who are still investing in bitcoin even if the prices are near ATH. What is your one primary reason to keep investing in BTC even at these levels.
I am doing this because I am positive with the ETF news. It is resulting in major adoption to users who were earlier reluctant to invest in bitcoins.
This is just because of a very simple reason, If you would go back into Bitcoin's history and performance, you would see that each time that Bitcoin breaks its previous ATH, there's usually a huge momentum increase in the price to the up side, and secondly when the inflation rate is also on the increase, people usually run for safety, into safe heaven assets like Bitcoin, Gold, and real estate and just as we currently have inflation rate going high and many other reasons, including new investors coming into the space to buy Bitcoin.
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Faisal2202
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March 05, 2024, 08:16:00 PM |
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Bitcoin touched new ATH in 2024 of around $69000. There is fear in some investors that there can be a big correction from here. But, there are many investors who are still investing in bitcoin even if the prices are near ATH. What is your one primary reason to keep investing in BTC even at these levels.
I am doing this because I am positive with the ETF news. It is resulting in major adoption to users who were earlier reluctant to invest in bitcoins.
I think those who invested at the time of ATH are idiots because there is one simple rule in Crypto trading and that is almost applicable in all situations where a coin makes new ATH and people are so bullish and greedy that they want to book their profits at that time and a huge selling takes place and in result, the price of that coin started to go down. So, those investors should not invest at ATH instead they should at least invest after some time when the market will take some correction. For example, BTC did not remain there for much time and instantly went below $68k and now sits below $62k even. This is the right time to invest in BTC. If let's assume I am investing at the time of ATH while the halving is yet to occur, there will be only one reason behind it, and that halving itself, because I would prefer long term investment, and I know after halving BTC will definitely make its ATH and then I can book profit, but buying high and selling high is less profitable from buying low and selling high.
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famososMuertos
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March 05, 2024, 09:06:22 PM |
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I think that we will always undoubtedly have investors no matter what the price is, for different reasons, ranging from the simple fact of having bitcoin, and supporting the community, buying-selling and hodler, it is true adoption. Now, in the case of ETFs it is a conditional adoption, directed, oriented and certainly coercive. But, it is adding up as a part adoption, not the whole, and perhaps they only see profitability.
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The Cryptovator
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March 05, 2024, 09:16:02 PM |
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For me, as a part of the DCA strategy, I would accumulate at the ATH as well. We're not sure what the ATH will be. However, after ETF approval, there are a lot of new and institutional investors investing in Bitcoin. On the other hand, halving is very near, and we are expecting a very bull run after this halving. So if we can accumulate through the DCA strategy, that would give us a good return at the end. But for that, we must hold on for a long time.
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angrybirdy
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March 05, 2024, 09:36:28 PM |
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I think the reason why people investing in Bitcoin is to earn profit where some are afraid that they will miss the chance to earn profit. You can say that it is very much like FUD or FOMO that they also want to invest. If they really want to invest then they should have bought Bitcoin when it didn't reach the price of bitcoin today.
Yes, the main reason why people continue to invest even in ATH is due to FOMO, and they also believe that the price would continue to increase. But nobody knows how high it could reach and how the price would move, it could continue to go up or it could go down and have a price correction. That's what I'm thinking also! based on the statement from other people who wants to invest their money in bitcoin, tho they know nothing but the spiking up price only. They are convinced by other people's stories that once you put money into it, your money will double or triplentl... that is true, but there is no certainty as to when the price of bitcoin will rise and fall, so it is better to do is you guys should invest at your own risk.
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Hypnosis00
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March 05, 2024, 09:38:04 PM |
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Bitcoin touched new ATH in 2024 of around $69000. There is fear in some investors that there can be a big correction from here. But, there are many investors who are still investing in bitcoin even if the prices are near ATH. What is your one primary reason to keep investing in BTC even at these levels.
I am doing this because I am positive with the ETF news. It is resulting in major adoption to users who were earlier reluctant to invest in bitcoins.
Well, in the first place, they never and we never knew that was already near to the ATH. Even if it reaches $69,000 today still, we can't say that was already the new ATH until the market turns bearish again. These people are buying for one reason, to take this earning opportunity in the short term. I know most of these people are not new in the crypto space and already have some bull run experience which is why they have some courage to take risks during the uphill trend because they believe that the price will continue to pump after halving.
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South Park
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March 05, 2024, 09:53:12 PM |
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Bitcoin touched new ATH in 2024 of around $69000. There is fear in some investors that there can be a big correction from here. But, there are many investors who are still investing in bitcoin even if the prices are near ATH. What is your one primary reason to keep investing in BTC even at these levels.
I am doing this because I am positive with the ETF news. It is resulting in major adoption to users who were earlier reluctant to invest in bitcoins.
The only logical reason to do it is if you are using a DCA strategy, anyone else is probably just a victim of FOMO, since an investor is supposed to find a good entry point and buying at the ATH of an asset is not a good entry point at all, bitcoin gave investors years to invest in it, and if they did not took advantage of that period of time that is their problem, that being said bitcoin will grow even further and investors may be willing to invest in it thinking about this possibility, however this does not erase the fact they could have invested sooner and get more profits in this way.
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Patikno
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March 06, 2024, 12:15:35 AM |
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FOMO is the only reason why they keep buying even though bitcoin has reached its ATH, currently bitcoin has experienced a fairly large correction (down more than 6%) from its highest price. I myself not interested in buying bitcoin at prices that are like tsunami waves at the moment, buying it now is like buying 1 piece of cake and you only get part of it.
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GreatArkansas
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March 06, 2024, 01:45:54 AM |
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The reason that can motivate mo to still invest in Bitcoin even at ATH is "break-out". Means Bitcoin will create new resistance above, so there's no limit as we don't have any previous resistance, and we don't have any idea or basis the next stop of Bitcoin because of this breakout.
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Dr.Osh
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March 06, 2024, 03:09:41 AM |
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the reason is because I believe that the price of bitcoin can still reach even higher prices. However, bitcoin can reach a new ATH before the halving occurs, whereas based on previous experience, the potential for high price increases usually occurs after the halving occurs. Many people think that the price of bitcoin could reach $100k. So, investing at the current price still provides profits. However, I have very positive feelings regarding the further development of the bitcoin price.
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Bobrox
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March 06, 2024, 04:08:12 AM |
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the reason is because I believe that the price of bitcoin can still reach even higher prices. However, bitcoin can reach a new ATH before the halving occurs, whereas based on previous experience, the potential for high price increases usually occurs after the halving occurs. Many people think that the price of bitcoin could reach $100k. So, investing at the current price still provides profits. However, I have very positive feelings regarding the further development of the bitcoin price.
Some investors keep believing bitcoin has potential will raise more higher price although current bitcoin have near future with ATH, but I don't think good ideas push our self for investing in bitcoin since price almost raise with at ATH. Looking with current bitcoin price dropping drastically and better waiting or patience awhile for going back or get correction and has chance to buy back on lower price. Some time we need avoid with positive feeling in trading and must forward research and potential correction for bitcoin after success breaking out the most highest price. Have been common thing in bitcoin, after raising up drastically just waiting with correction moment and be patience awhile waiting the right time for reinvesting and not push your self have take risk by investing with the most higher price.
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Cryptonaut1990
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March 06, 2024, 05:09:37 AM |
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Simple and plain there is no second best
Fiat robs you off your value, if you understood this you would not be concerned if you bought at ATH or at bottom. Ofc we cant time the markets, only time in the market is what matters.
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pinggoki
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March 06, 2024, 07:43:51 AM |
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One reason for me, I don't know if there's others that have said this but I swear I'm not copying them, the reason why I do DCA even though the price is close to the previous ATH and that I'm not getting much value compared to when bitcoin was still around 20k is by the fact that I've said to myself that I'm not going to sell anytime soon and that the only time that I'd sell my bitcoin is when it reaches 200k which I know is absurd but keep in mind that bitcoin's growth over the years is absurd so why not just shoot for the moon, when you can go to the stars. This kind of thing also helps me not spend my bitcoin for stupid stuff, it kind of gives me the drive actually that I'm not spending and I'm just accumulating bitcoin.
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BALIK
Copper Member
Hero Member
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🍓 BALIK Never DM First
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March 06, 2024, 08:25:26 AM |
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I am doing this because I am positive with the ETF news. It is resulting in major adoption to users who were earlier reluctant to invest in bitcoins.
This is also the reason why bitcoin has increased in price recently as the flow of money into the market through bitcoin ETFs is increasing. But I think the main factor is the benefits and advantages that bitcoin brings us. In our world there is no decentralized currency like bitcoin, no asset with a finite supply like bitcoin...and many other great things. Bitcoin's breakthrough is the main factor, what we should focus on to be able to trust and invest in bitcoin more. Think about it, if bitcoin didn't have those special features, would a bitcoin ETF be approved?
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peter0425
Sr. Member
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CryptopreneurBrainboss managerial service
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March 06, 2024, 09:11:28 AM |
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Bitcoin touched new ATH in 2024 of around $69000. There is fear in some investors that there can be a big correction from here. But, there are many investors who are still investing in bitcoin even if the prices are near ATH. What is your one primary reason to keep investing in BTC even at these levels.
I am doing this because I am positive with the ETF news. It is resulting in major adoption to users who were earlier reluctant to invest in bitcoins.
What I wanted to hear from other experts mate is that if bitcoin will touch 70k anytime soon because that is a small increase from the last ATH as we have All-time high Mar 05, 2024 (18 hours ago)$69,170.63 according to Coinmarketcap https://coinmarketcap.com/currencies/bitcoin/we are all positive but after seeing the correction last night i almost thought that we are going to be dumping bad again but yeah we are still pumping now.
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