If you had bought the previous ATH you're on profit

[Essential10]

How many people would want to take a new entry at the current price of Bitcoin? Those who bought Bitcoin at past highs may be heaving a sigh of relief as they have now seen a small profit. Bitcoin peak price i.e. currently it has crossed $73k which is the current peak price of Bitcoin, did those who bought at the past high price hold it at this current price or withdraw their money. Those who regularly DCA by buying Bitcoin at past highs are also now in big profits. I think DCA is a powerful tool for building wealth through Bitcoin investing and a successful method for anyone looking to start Bitcoin investing.

[mich]

Well yes that is a good way to look at your profits. I did not think about it like this before. If all of us holders did but it before new ath we did get gains and are in profit.
I do still want to buy more crypto because I am 'bullish'. But we must be ready for a correction to come and it would take out all of our profits.
For me it is a time to wait and just keep making profits form hodling. But if there is a big dip I will use some of my fiat for more cheap coins.

[Obim34]

The second type is the bottom buyer. Those who patiently wait for the dip every single period. It is mostly seen as the best plan since you don't have much to lose and the price will surely go back up. Not everyone is successful with this strategy, some end up not having to buy at the dip because they feel it is too expensive to buy even when it has dropped a little. They end up never buying at all despite whatever price it falls down to.

Are you suggesting that buying on the previous ATH has more chance to enter rather than buying at bottom(below previous ATH)? You have a lot of time buying below the previous ATH compared to buying at peak. I purchased most of Bitcoin on 20K level after the price recovers from the 14K bottom.

Don't get him mixed up, his only making reference to those who missed the opportunity of buying early, during the DIP and later ended purchasing when Bitcoin has experienced significant price growths. I saw a thread of a guy who had missed buying the DIP due to procrastination and having to wait the market experiencing a more DIP, he met the price at $20k and relentlessly waited the price to DIP even more but unfortunately never did he get that opportuned and now we already at an all time high, would you still recommend him to purchase Bitcoin? Yes it's never too late. Every All Time High is a DIP to another All Time High. Those who had bought at the 2021 all time high are currently on profits as long they maintained their portfolio by holding and even catching more portions of Bitcoin during DIP.

[Dailyscript]

Well, I would say anyone who is smart enough to hold between two ATH's would also be smart enough to buy some along the way. Think about it, if you bought at ATH and still holding, then it means you trusted bitcoin to go back up one day, if you think that it will go back up one day, then why wouldn't buy it when it is even cheaper?

It would only be logical, someone who thinks it will be 70k one day, will want to buy when it's 20k or 30k or even 40k, and that means their entry point might be ATH but they probably lowered their average purchasing price. This is why I believe that it's quite good to have investments like this. I know that it takes a while for people to have some different results, but it should not be a loss if they held.

Such an investor is a worthy one, and he deserves better. It is difficult for people to believe in bitcoin these days, like the only perception they have of it is that it can make you reach overnight or that if you just invest in it, it's going up. The only people who truly believe in bitcoin are the investors who bought bitcoin at several intervals, waited for long regardless of the volatility and fearful price fluctuation, to name a few. Yes, this investor still holds on firmly to their bitcoin, believing that this day will come.

As we are talking right now,. There are investors bagging more bitcoin in this ATH season. If you ask them the reasons, you will be amazed because they know cryptocurrency is the future, and if any cryptocurrency is first to bring that change, then it will be bitcoin. Someone told me that he knew someday bitcoin would reach 5 million dollar's for one but he wont be alive to see it that is his anger.

[Marvelockg]

Although buying in an ATH isn't the best option, I totally understand the angle you're coming from. What stands now as an ATH will become the bearish season in the next five to ten years time as shown from the pictorial representation you gave and someone that buys even at $80k will still be in profit when bitcoin finally hits $100k and above.

But this doesn't mean you should wait only to buy during an ATH, remember you are looking at the best time to possibly buy that will put you at a good profit. If you are buying with the DCA merhord, it's understandable if you still buy in an ATH because you would normally want to continue in youe routine and because its actually an accumilated purchase, your dip purchase will counter your bullish purchase whish will still put you in a good profit in the long run but generally, buying during a given ATH will mean that you have to wait lonher untill bitcoin breals a new all time height.

[adaseb]

I know many people personally who bought bitcoin above $60K last cycle and guess what. Almost all of them have sold.

Some sold in the $30K area where it looked like bitcoin was going nowhere. And the rest sold after the Ftx collapse where it looked like bitcoin would go to $10k again.

I am pretty sure there are rarely any people who are in profit now who bought in 2021.

[Volimack]

As far as I understand the market is in a very good position. If you think about profit while buying ATH, it will not be possible to make much profit. Now getting more profit than previous ATH buy. All the investors I know are predicting that Bitcoin will go to $100K now that Bitcoin will still give good long term returns. A bull run is going on in the market the price of Bitcoin will continue to increase.

[Nrcewker]

If you add “If” in many places, then definitely you would have been Elon Musk by worth till now. Many have missed many potential time to buy the coins in cheap. At that time everyone just undervalued the coins, for which they didn’t make the deserving profit. Nothing can be done what happened in the past. If people still want to make profits, then if they buy now also, then can make decent profit. The people just need to show faith in the coins.

[Ayers]

I know many people personally who bought bitcoin above $60K last cycle and guess what. Almost all of them have sold.

Some sold in the $30K area where it looked like bitcoin was going nowhere. And the rest sold after the Ftx collapse where it looked like bitcoin would go to $10k again.

I am pretty sure there are rarely any people who are in profit now who bought in 2021.

This is not surprising because I think the people willing to buy bitcoin for $60k or more are mostly newbies. They are greedy and ignorant about the market because if they are experienced investors, they will realize that that time is the peak of the bull season. And buying at that time is much riskier than the profits they will receive. But buying bitcoin for $67k now is completely different than in 2021 because we are at the pre-bull cycle and not near the end of the bull cycle like in 2021. So, buying bitcoin right now is quite safe and the profits are worth the risks we have to trade off.

[AVE5]

If we buy our bitcoins without minding the price then it's like abolishing the DCA accumulation method and it's not a good one for for Petty of little funds of Investors although, buying and accumulating of bitcoin shouldn't be prioritized on a particular price just as you said Op, whether you buys at a lower or higher prices but you could hold for long l, then you'd definitely make it profitable when the market rises because the bull run volatility potentials of bitcoin is to keep beating its past ATH so even if you buys at a current ATH, you never bought an All Time Future ATH. So, no don't need to panicking and don't feel so bothered or fears when you buys at a high value of Bitcoin.

[goaldigger]

Those who are trap before can finally enjoy the profit today but only those who chose to stay and hold.

Another proof that the cycle continues with cryptomarket that after hitting the bottom rock, the market will fly again on its own.

If you missed the bear market, don’t worry you can still have the chance in the next cycle and more halvings to come, for now jut be cautious with your investments and choose to take profit.

[South Park]

I know many people personally who bought bitcoin above $60K last cycle and guess what. Almost all of them have sold.

Some sold in the $30K area where it looked like bitcoin was going nowhere. And the rest sold after the Ftx collapse where it looked like bitcoin would go to $10k again.

I am pretty sure there are rarely any people who are in profit now who bought in 2021.

This is not surprising because I think the people willing to buy bitcoin for $60k or more are mostly newbies. They are greedy and ignorant about the market because if they are experienced investors, they will realize that that time is the peak of the bull season. And buying at that time is much riskier than the profits they will receive. But buying bitcoin for $67k now is completely different than in 2021 because we are at the pre-bull cycle and not near the end of the bull cycle like in 2021. So, buying bitcoin right now is quite safe and the profits are worth the risks we have to trade off.

It is because of this that we cannot just take a look at the price to determine if buying at that moment is a good idea or not, buying above 60k on 2021 is completely different than buying above 60k on 2024, at the time it was clear that we were at the limits of what the price of bitcoin could achieve, so anyone buying at that time was making a terrible decision, while anyone buying above that price now is in fact making a good move, since the bull market is just starting and we expect for the price to go much higher during the next months.

[taufik123]

It is because of this that we cannot just take a look at the price to determine if buying at that moment is a good idea or not, buying above 60k on 2021 is completely different than buying above 60k on 2024, at the time it was clear that we were at the limits of what the price of bitcoin could achieve, so anyone buying at that time was making a terrible decision, while anyone buying above that price now is in fact making a good move, since the bull market is just starting and we expect for the price to go much higher during the next months.

Bad decisions in the past because buying at ATH prices above $60k would have gotten worse if they hadn't held it.
Whereas now that the ATH price has exceeded the price of $73k, those who are too FOMO will buy at a high price again,
this cycle will always happen to people who only follow FOMO.

People who were able to hold their Bitcoin when buying in ATH last year to date are certainly quite great at holding back in the long run.
They really have to seize the opportunity this time to double their long-overdue profits.

[freedomgo]

I know many people personally who bought bitcoin above $60K last cycle and guess what. Almost all of them have sold.

Some sold in the $30K area where it looked like bitcoin was going nowhere. And the rest sold after the Ftx collapse where it looked like bitcoin would go to $10k again.

I am pretty sure there are rarely any people who are in profit now who bought in 2021.

I have also seen that. People still end up panic selling when they are seeing bitcoin price drops drastically and end up deciding to sell even at a lower position. Once you resort doing that, accept already that you’ll end up losing from your investment. However, there are still rare people who manage to be patient and hold their coins like there’s no plan of selling. And it’s obvious that they’re already in profits right now if they decide to sell. But I guess people like them will still wait for the final bull run, and will not waste the opportunity of selling their coins before bitcoin bull run event takes place.

[Maslate]

Those who are trap before can finally enjoy the profit today but only those who chose to stay and hold.

Another proof that the cycle continues with cryptomarket that after hitting the bottom rock, the market will fly again on its own.

If you missed the bear market, don’t worry you can still have the chance in the next cycle and more halvings to come, for now jut be cautious with your investments and choose to take profit.

Yes, taking profits at some point is also vital. But that won’t mean that you have to sell all your coins in exchange for stable coins, there are bigger profits waiting ahead so reserve some of your coins for future profits. But for those who miss the opportunity of not buying earlier, I guess until we have but reached bitcoin halving and bull run, opportunities are still there. Although the risk is quite high, but we all know it’s always worth taking risk with bitcoin in the end.

[Zigabel]

Actually buying at a ATH has never been Ideal enough because you will have to wait much longer than others who bought at the dip will before they will be able to start getting profit, normally the dynamics of Bitcoin totally has been an upwards movement with some occasionally correction which depending on the time frame of analysis do last through some period of time, and your preference in this determines how well you are going to be profitable in the total movement, so if you are buying at the ATH which usually shows some kind of exhaustion of the strength of the bulls pushing the market upwards, you will have to wait till there's a correction and it's over with before attaining your point of entry and then proceed into profits and some time this can actually take a whole long time and you may loose your portfolio if you don't have. A really big one.

It's always better and safer to buy at lows, corrections where you you will not have to wait for a down ward movement before coming to your point of entry and then profitablity. Buying in deeps helps you get in to profit quick enough and that has always been the main reason behind the buying of the coin, so they appreciate and turn out profitable for us. So whenever you are looking forward to buy a crypto asset, make sure to buy at the low and if it's high already be patient and wait for another low do not allow FOMO to causes you your portfolio.

[AirtelBuzz]

I think the price of Bitcoin previously reached an all-time high in 2021, and since then, the price of Bitcoin was the highest it has been before touching a new ATH record this year. If those who bought bitcoins during the previous ATH were able to patiently hold on to the bitcoins for that long, they may have profited but not much as the price of bitcoins touched $72k this year, which is only a few thousand more than the previous ATH.
It might be foolish for us to buy bitcoins when bitcoin reaches ATH because then the price of bitcoins starts to fall like it has been this year. Even before that i.e. in 2021 when Bitcoin touched it ATH the price of Bitcoin began to decline steadily. But for those who bought bitcoin during ATH this year I think they still have time to profit because bitcoin halving will happen this year then the market will definitely change.

[Hamphser]

Actually buying at a ATH has never been Ideal enough because you will have to wait much longer than others who bought at the dip will before they will be able to start getting profit, normally the dynamics of Bitcoin totally has been an upwards movement with some occasionally correction which depending on the time frame of analysis do last through some period of time, and your preference in this determines how well you are going to be profitable in the total movement, so if you are buying at the ATH which usually shows some kind of exhaustion of the strength of the bulls pushing the market upwards, you will have to wait till there's a correction and it's over with before attaining your point of entry and then proceed into profits and some time this can actually take a whole long time and you may loose your portfolio if you don't have. A really big one.

It's always better and safer to buy at lows, corrections where you you will not have to wait for a down ward movement before coming to your point of entry and then profitablity. Buying in deeps helps you get in to profit quick enough and that has always been the main reason behind the buying of the coin, so they appreciate and turn out profitable for us. So whenever you are looking forward to buy a crypto asset, make sure to buy at the low and if it's high already be patient and wait for another low do not allow FOMO to causes you your portfolio.

If you are a long term holder then this wont really be an issue but if you are someone whose really that comes after with shorter trades and you have caught yourself into that previous bull run peak then emotions and patience would really be primarily would be your opponent into these moments or conditions on which this is really that actually that too hard for you to control on. This is why some people do end up on panic selling just because they cant really be able to bare up the stress and disappointment that they had bought on the peak.

[STT]

We're trading below that level now and today the highs were found at the weekly average hence we are trading bearish for this week and probably next I think.   Till we confirm properly on a daily and weekly bar basis I assume we are range bound at best and negative at worst waiting for a break down further.

So near term negative and I think medium to longer term we are intact in a good recovery of all prior losses, its hard to be too negative overall in that full context.  However we have to find and prove that positive trait in the price action first, before then I think its best I watch for people taking off some of their BTC balance amidst background buying by the ETF perhaps and maybe others.
  Just the liquidity of some people selling is enough to bring us down 10k or more thats all quite reasonable.

Profit taking always happens and its no real negative just have to account for it and try to be fully aware of a change back to a positive trend, dont get too disheartened before that happens even if we do go back to prices in the 50's

[hatshepsut93]

It happens all the time with bitcoin ATH, where investors avoid buying the ATH rather than waiting for the dip again before they can buy.

The problem is, all patterns end at some point and new patterns replace them. It could be that Bitcoin at some point in the future will reach a certain peak, then crash and never revisit that peak ever again. Or it could decades to see that price again. Bitcoiners tend to brush off unrealized losses with their "just hodl" mantra, but not everyone can just hodl. Sometimes life makes you spend money whether you like it or not, and this is where having all your wealth stored in Bitcoin would be a major downside.