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 else FOMO, no one wants to be left out on this bull run and it's all over social media and new, different speculations about bitcoin next price and more investors with less or little knowledge are busting in hoping for the price to still go up.
And since ETF you know are lot of holders are holding tight and a lot of new money and investors are coming in, no one knows what to expect but from the way the pump is going and the momentum from the but many are still expecting more price increase, so it's better to have little profits than to miss out entirely.
Bitcoin touched new ATH in 2024 of around $69000. There is fear in some investors that there can be a big correction from here. But, there are many investors who are still investing in bitcoin even if the prices are near ATH. What is your one primary reason to keep investing in BTC even at these levels.
I am doing this because I am positive with the ETF news. It is resulting in major adoption to users who were earlier reluctant to invest in bitcoins.
I maybe have a different perspective, I'm not overly invested in what the price is. I have a target BTC amount I want to accumulate by a certain date. I This is helpful when you get to that point where you think "is it too expensive to buy now", I just see have I met my accumulation target and if not buy what I can. If do get hung up on the price(is it expensive or is it cheap) then would recommend you follow a strict DCA, where buy at regular intervals this helps ensure never buy to much at "expensive price".
My only word of caution with DCA, and this is something I learned the hard way, is that its very easy to get caught up in your avg BTC price. Dont start using this as indicator whether to modify your DCA too much. Its nice to look at it for sure but its actually not that important in the long run. Its preferable to have more BTC at a higher avg price vs less BTC at a lower BTC price.
e.g lets just say the next ATH(not the one today) will be 140k$ and there are two holder examples
Holder#1 - Has 0.21 BTC with avg price of 22k (4.6k fiat invested). (Wont accumulate more because BTC is too expensive now and will impact their avg BTC price)
Holder#2 - Has 0.31 BTC with avg price of 32k (9.9k fiat invested)(Ignores avg BTC price and continues to accumulate)
Holder#1 - 0.21 BTC & BTC price @140k = 29.4k fiat value, Value Return is 29.4k - 4.6k = 24.8k
Holder#2 - 0.31 BTC & BTC price @140k = 43.4k fiat value, Value Return is 43.4k - 9.9k = 33.5k
Your right about to continue with a strict DCA, and IMO its not wrong to modify your DCA to avoid having too much avg price, cause you know that although DCA can help reduce the impact of volatility can also cause you to buy at a more higher rate unless you would balance it out buy also buying when the price starts to dip so you can also balance your avg buying price down a bit.
And IMO I don't think holder 1 is on the bad entirely cause who knows if he has been saving for a lump sum when the opportunity comes, but he would have better reduced his allocations for now if he feels the price is too high, and you know its not a very good idea to accumulate too much at the highest point cause you might have trouble balancing out your avg buying price, so it's better to do it your own way and learn from your mistakes yourself.
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.
You guys should just stop the hype of the ETF of a thing, it has helped during the rumour time of last year till now, but where is it helping again in terms of implementation? Bitcoin has always been accessible by everyone, so the demand and supply of the cryptocurrency happening without the much involvement of the ETF. It is all about everybody and every means of injecting and removing money now (demand/supply and market sentiment which is strongly bullish). The ETF is never the one causing all this but the mood of Bitcoin's halving tradition that brought about the FOMO in its pre-halving season.
Bitcoin has been accessible to everyone doesn't make them invest, people invest cause of hype and because others are doing so, if the ETF isn't doing much then why did the bull set in just after its approval, I'm not saying that the ETF caused it all but it has played a major role in this bull run and that is fact.
Re: What is that one reason that motivates you to invest in bitcoin even at ATH ?
Some say "Whatever the price is, just focus on DCA." Well, there's nothing wrong with that strategy, but at least learn when to stop buying it if needed. If you know that it is near it's peak already, just stop, focus on selling, and wait for the bear market to start.
I agree better if you have said not to invest too much with DCA at peak prices cause you don't want to have too much higher purchases when you are dealing with averages, so it's smart to pause and save for a while anything could happen from this point on, not everyone has enough bitcoin to sell and selling now to me is such a bad idea cause bitcoin might still well peak new ATH even higher than this and the bull still has momentum and going higher, if bitcoin really reaches a new price of 100k and above from now till 2025, I won't be expecting the bull to bring us anywhere near a price range like 65k to 70k or maybe 50k lowest, so if your selling now better keep that money or you might have well sold at the wrong time.
