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Author Topic: What is that one reason that motivates you to invest in bitcoin even at ATH ?  (Read 853 times)
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March 30, 2024, 05:46:52 PM
 #121

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 are not correct with your update about the new all time high this year 2024 the new all time high this year is 73k,

then answering your question, in as much as it is good to buy when the price is low, buying at any price point is also good for any idea investor who's aim is to buy and hold for long term investment because any one not buying now may not buy again reason being that there are so much uncertainty in the market such that the price you are seeing now you may not see it again it may go higher than what you are seeing today so the best time is to get starter irrespective of the entry price point.
I think he was only referring on this year and he posted this thread on March 5, while later on, more increases have been spotted in BTC. By touching down $70k, this is where we say that BTC is officially on its new all-time-high. Buying/investing has two modes.

Usually, those who wait for the lows are buying one time only or they buy rarely, while those who buy regularly are the people who do a DCA. Both types of investors can still invest for the long term. Uncertainty is not only limited to the continuous increase in price and in fact, it mostly refers to a decline in price. It also depends on the coin. If we want a coin that can surely dip a lot, we can choose in the altcoin or token category.

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March 31, 2024, 05:50:41 PM
 #122

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 main reason that someone keeps investing in some asset is because he thinks its value will keep going up. Today we're close to ATH, that's true, but maybe in 6 months will have a new ATH and we'll look back thinking that today's price was very good, who knows. You can keep waiting hoping for a dump and maybe in the meantime missing out on opportunities, who knows?

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March 31, 2024, 06:37:46 PM
 #123

The main reason that someone keeps investing in some asset is because he thinks its value will keep going up. Today we're close to ATH, that's true, but maybe in 6 months will have a new ATH and we'll look back thinking that today's price was very good, who knows. You can keep waiting hoping for a dump and maybe in the meantime missing out on opportunities, who knows?

I agree, everything is very relative, and today's ATH can become tomorrow's dip. The main thing here is to correctly assess the direction of market movement. If you anticipate further growth, then you need to buy here and now, because opportunities are lost very easily. If you manage to make money from it, then you should not regret not buying at a lower price, because your analysis was still correct and the market went in the direction you predicted.

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March 31, 2024, 06:53:31 PM
 #124

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.
Currently I will not take any big fund of mine to invest on bitcoin and not only just Bitcoin I am avoiding any kind of investing on cryptocurrency. But currently I have continued to maintain my long term strategy DCA method. When Bitcoin rose to 56K, I sold my holding of $400 to buy back the $400 when Bitcoin came for a correction to 50K.  But Bitcoin is no longer going below 60k for correction and I put my investment stop for that. Also if we check the grid level now we can see that it is around 80 which is risky for investment. I don't know why others are buying bitcoin now, maybe it's because of the reasons you've shown, and those who are long term may be continuing to invest in bitcoin through DCA Management.

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March 31, 2024, 09:30:27 PM
 #125

Just as our faces differ, so do each and every one of us have different reasons, plans and method how & why we invest in Bitcoin, because just as some invest in Bitcoin weekly, monthly or quarterly without considering if is the price or low, but sticking to buying a consistent $50 or $100 weekly as an asset for long term investment due to how  convinced they are about what it's value stands for and likely to be in the near future, thats one reason that can make people still buying Bitcoin at All-time-High, because they know Bitcoin will always create new All-time-High, in as much as the demand keeps increasing.

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March 31, 2024, 09:55:52 PM
 #126

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 holding my bitcoin for a long term investment, even if there is a correction here, I don’t have any problem with that, since my aim of investing is for long term. Whenever am having any money which I won’t be using for now, I don’t even think about it twice before buying bitcoin with it, so even after passing the previous all time high, I will keep on accumulating bitcoin. Bull run haven’t started yet but bitcoin has already passed the previous all time high, I can’t just image the new all time high price bitcoin will be setting during the bull run.

If you haven’t invested yet, I don’t think it’s late already, you still have opportunity to invest, but before making investment, make sure you do your own research first, don’t invest just because people ask you to invest, always make sure you do your research first before investing.

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March 31, 2024, 11:27:20 PM
 #127

Simply the idea that it can even create another peak in its market value. It really was fast; it only took a year from its lowest market price to breaking its all time high which makes it  valid to purchase even when its market price is still high due to hopes that the increase would be continuous. I personally believe that Bitcoin could really reach $100k after the halving however, buying or entry points are crucial for me. Don't get me wrong; buying at this point would still be profitable. If you have a lot of extra money to invest and won't mind holding for quite some time, then you're free to do so. If you can endure potential decline on its market price before the halving (more likely), then that's better. But I want to at least maximize the profit which is why i prefer a lower market price if I would be adding an amount to my Bitcoin holdings. I managed to buy early and to that gives me enough margin to not FOMO and other unnecessary actions.

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April 01, 2024, 08:16:00 AM
 #128

I think it's different for someone who understands Bitcoin and someone who doesn't. Some people have already said FOMO is the reason people are ready to invest in Bitcoin even at an ATH, but people who understand Bitcoin won't do that because of FOMO.
Personally, I feel it's because they know that Bitcoin can always get higher, especially during a bill run.
If I get money now and I don't have any particular reason for it, I will buy Bitcoin even though Bitcoin is going between 69k - $71k recently. I'll be bold enough to do so because I speculate that the price would be higher. If it makes a 30% increase, that's a 30% increase in my investment which is a lot.

For people who don't understand Bitcoin, I can agree it's FOMO. They see the new trend and a lot of people making money from it so they just invest so they don't miss out.

R


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April 01, 2024, 02:08:48 PM
 #129

I think it's different for someone who understands Bitcoin and someone who doesn't. Some people have already said FOMO is the reason people are ready to invest in Bitcoin even at an ATH, but people who understand Bitcoin won't do that because of FOMO.
Personally, I feel it's because they know that Bitcoin can always get higher, especially during a bill run.
If I get money now and I don't have any particular reason for it, I will buy Bitcoin even though Bitcoin is going between 69k - $71k recently. I'll be bold enough to do so because I speculate that the price would be higher. If it makes a 30% increase, that's a 30% increase in my investment which is a lot.

For people who don't understand Bitcoin, I can agree it's FOMO. They see the new trend and a lot of people making money from it so they just invest so they don't miss out.
Both have different levels of thinking and usually people who agree more with FOMO are not involved in investing because their thinking ability is too weak. Bitcoin has provided space for anyone to reach the stage of financial freedom and the ability to engage in investment is very dependent on one's ability to understand the journey of bitcoin. Initially I also experienced fear when I was involved in Bitcoin, but this fear became a motivation for me to learn about Bitcoin's journey so that at that time I became more interested in getting involved in it.

FOMO will never disappear in the bitcoin journey but how can one control fear. If one can control the fear then I am sure people will be much more interested in getting involved in bitcoin because nowadays we have seen how bitcoin has provided a level of financial improvement to anyone. Rejecting something that we can get is a form of our not being ready to get out of our comfort zone.

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May 08, 2024, 09:13:25 PM
 #130

Most investors are motivated to buy due to FOMO during bull season.Investors are always after making huge profit from their investment so they might also buy during new ATH because they have the expectation that the price will continue to increase.
Whatever motivation the sole aim of every investment is making profit.FOMO is not only the reason why most investors are motivated to buy,but those that know that bitcoin will always increase in price after every halving will accumulate regardless because the more you accumulate the more profit you get.

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May 08, 2024, 09:20:07 PM
 #131

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.
Actually making up such decision on investing or making some entry of Bitcoins ATH is really that make you hesitate. Why? we do know that this is a resistance that would really be that so damn hard to ahve some breakout
plus we do know that there would really be that last dip before the market would be shooting up basing up into those past events then this is where people would really be looking at on which i could blame them on why they are really that still holding their position and waiting for that situation before they would really be making out such entry on which for those who are experienced then they would really be definitely be doing this one.
If you are really that a Bitcoin investor and who do really believes into its potential then you would really be definitely be considering on entering on whatever the price would be and since you would really be holding for long term then it wont really be that an issue on whatever your entry price point.

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May 08, 2024, 09:59:40 PM
Last edit: May 08, 2024, 10:13:07 PM by Sandra_hakeem
 #132

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 normally don't find any reasons to invest in Bitcoin at ATH.. if you wanna be profitable, buy as early as possible!
Most investors are motivated to buy due to FOMO during bull season.Investors are always after making huge profit from their investment so they might also buy during new ATH because they have the expectation that the price will continue to increase.
Bitcoin is all about confronting your fears and buying at the right time, expecting the usual pump. If any investor is buying at ATH for fear of missing out totally, why should they buy at all? They could be a retracement in price movement at ATH and they all will be toast! Instead, why not invest on ETFs?

Edit:
You can keep waiting hoping for a dump and maybe in the meantime missing out on opportunities, who knows?
Why not go through proper analysis instead of making mere assumptions?

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May 09, 2024, 02:18:06 AM
 #133

Most investors are motivated to buy due to FOMO during bull season.Investors are always after making huge profit from their investment so they might also buy during new ATH because they have the expectation that the price will continue to increase

When Bitcoin starts increasing, alot of newbie starts having the feeling of FOMO then they start buying Bitcoin and end up buying at the ATH but this shouldn't be something we should be ashamed of because it doesn't make us less of am investor because it might just take two few more years for you to get back to your buying capital and potential increase further. Investing in Bitcoin come with a piece of mind because you know you won't lose you invested amount. You can hodl Bitcoin for as long as you want like until you have recovered your capital. Another reason why we might buy Bitcoin at ATH is because we didn't know that it was the top of the market.

Quote
.Whatever motivation the sole aim of every investment is making profit.FOMO is not only the reason why most investors are motivated to buy,but those that know that bitcoin will always increase in price after every halving will accumulate regardless because the more you accumulate the more profit you get.

Already all those that bought Bitcoin in the previous halving have already made their profit before the sudden cash in price that the market is experiencing but this are just healthy correction that the market needs to shake off weak hands and only take with it strong hodlers they are hodlers fit them to benefit.

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May 09, 2024, 02:45:09 AM
 #134

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 think there are many reasons that may arise here, but the basic assumption is that BTC has a considerable difference from traditional assets when invested, especially in terms of increasing asset value especially if we have made long-term investments where for market volatility it is no longer a problem to think about only as small ripples in the ocean.

Another reason is that those who have read the latest conditions will know very well where it is going more or less and are prepared to prepare in the face of a severe recession that may occur in the next few years whether it will start in 2026 or come early and it is important to note because many major events will occur certainly beyond our expectations later.

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May 09, 2024, 04:50:49 AM
 #135

If you look closely you will see that Bitcoin price was close to $74k this year where you mentioned that Bitcoin price will touch $69k in 2024. The price of Bitcoin dumped the market after touching the milestone of $74k, which was the highest price touch in the history of Bitcoin. Bitcoin has never touched this milestone before so many fear that if they buy during the peak price they may suffer later I would say to them that Bitcoin may have hit the peak price before. And from that time to the present but the market has changed a lot positively, there is no doubt that the market can go from the present condition to a better condition in the future. So those who have an investment plan can invest if they want and wait and invest and hope the results will satisfy you.

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May 09, 2024, 05:05:39 AM
 #136

If you look closely you will see that Bitcoin price was close to $74k this year where you mentioned that Bitcoin price will touch $69k in 2024. The price of Bitcoin dumped the market after touching the milestone of $74k, which was the highest price touch in the history of Bitcoin. Bitcoin has never touched this milestone before so many fear that if they buy during the peak price they may suffer later I would say to them that Bitcoin may have hit the peak price before. And from that time to the present but the market has changed a lot positively, there is no doubt that the market can go from the present condition to a better condition in the future. So those who have an investment plan can invest if they want and wait and invest and hope the results will satisfy you.

Those who were unlucky enough to buy bitcoin at $74k recently don't need to worry too much as the real bull season is yet to come and bitcoin is still likely to reach the $100k mark in the near future. But that doesn't mean we should invest in bitcoin recklessly or blindly, buying bitcoin at ATH or at too high a price is really not a wise idea. We should limit Fomo and buy when the market is rising, and instead we should wait for bitcoin to adjust to a better price before buying.

In investing, a good asset is not enough to bring us the best profits, we need the right time to buy and sell. If we buy bitcoin at 74k$, the profit will be no better than those who buy bitcoin today when its price is 60k$.

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May 09, 2024, 05:41:31 AM
 #137

If you look closely you will see that Bitcoin price was close to $74k this year where you mentioned that Bitcoin price will touch $69k in 2024. The price of Bitcoin dumped the market after touching the milestone of $74k, which was the highest price touch in the history of Bitcoin. Bitcoin has never touched this milestone before so many fear that if they buy during the peak price they may suffer later I would say to them that Bitcoin may have hit the peak price before. And from that time to the present but the market has changed a lot positively, there is no doubt that the market can go from the present condition to a better condition in the future. So those who have an investment plan can invest if they want and wait and invest and hope the results will satisfy you.

Those who were unlucky enough to buy bitcoin at $74k recently don't need to worry too much as the real bull season is yet to come and bitcoin is still likely to reach the $100k mark in the near future. But that doesn't mean we should invest in bitcoin recklessly or blindly, buying bitcoin at ATH or at too high a price is really not a wise idea. We should limit Fomo and buy when the market is rising, and instead we should wait for bitcoin to adjust to a better price before buying.

In investing, a good asset is not enough to bring us the best profits, we need the right time to buy and sell. If we buy bitcoin at 74k$, the profit will be no better than those who buy bitcoin today when its price is 60k$.
It's crucial to approach Bitcoin investing with caution and strategy. While the market may still have potential for growth, buying at all-time highs can be risky. Timing is key, and waiting for more favorable price levels can be a wise move. Investing thoughtfully and avoiding FOMO can lead to better long-term outcomes.
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May 10, 2024, 08:26:17 AM
 #138

If you look closely you will see that Bitcoin price was close to $74k this year where you mentioned that Bitcoin price will touch $69k in 2024. The price of Bitcoin dumped the market after touching the milestone of $74k, which was the highest price touch in the history of Bitcoin. Bitcoin has never touched this milestone before so many fear that if they buy during the peak price they may suffer later I would say to them that Bitcoin may have hit the peak price before. And from that time to the present but the market has changed a lot positively, there is no doubt that the market can go from the present condition to a better condition in the future. So those who have an investment plan can invest if they want and wait and invest and hope the results will satisfy you.

Those who were unlucky enough to buy bitcoin at $74k recently don't need to worry too much as the real bull season is yet to come and bitcoin is still likely to reach the $100k mark in the near future. But that doesn't mean we should invest in bitcoin recklessly or blindly, buying bitcoin at ATH or at too high a price is really not a wise idea. We should limit Fomo and buy when the market is rising, and instead we should wait for bitcoin to adjust to a better price before buying.

In investing, a good asset is not enough to bring us the best profits, we need the right time to buy and sell. If we buy bitcoin at 74k$, the profit will be no better than those who buy bitcoin today when its price is 60k$.
The first target for those of us who are investors was that Bitcoin would surpass its all-time high and set a new record, and the market has done just that. The market has touched the highest price in history this year and the market has remained at that point for quite some time. Now our next target is to wait until the price of Bitcoin reaches 100k dollars. If the price of Bitcoin touches 100k dollars then those who are investing now will make substantial profit. For those of us who think that the present time is not safe for investment, I would say if you still invest consistently and if you follow the DCA investment method in terms of investment, then I can tell you that your investment risk will be reduced a lot and your profit potential will increase.

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masyari
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May 10, 2024, 08:32:44 AM
 #139

The main reason is hope. Just hoping that it will be much higher in this year. 100k per coins would be really great price for me, maybe even enough to finally buy a house
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May 10, 2024, 08:37:25 AM
 #140

I think it's different for someone who understands Bitcoin and someone who doesn't. Some people have already said FOMO is the reason people are ready to invest in Bitcoin even at an ATH, but people who understand Bitcoin won't do that because of FOMO.
-snip-

To make it simple, people who understand Bitcoin and keep buying it even when it is at its ATH are those who understand that "at whatever point you buy Bitcoin, as long as you are able to hold your asset until you can make a profit from it" because there are two types of Bitcoin holders, namely those who hold Bitcoin in the short term and those who hold it in the long term. If they are holding in the short term, it may sound like they will lose if they buy at the ATH, but for those who are holding in the long term, it doesn't mean anything to them - because they plan to hold on to it until their goal is reached.

R


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