Those who bought at the top with the mindset it would break out to 150k happy?

[maknyos]

They're certainly not happy, but since there's still a possibility of the price recovering and hitting even higher all-time highs, panicking and selling might lead to inevitable regret. We've seen this happen before, and Bitcoin has bounced back strong. I'm not saying this recovery is guaranteed, but history seems to be repeating itself.

There is always chance for recovery. People who bought at the ATH top 5 years ago could've doubled their money now. Since inflation is high and there seems to be no improvement. I prefer to bet on a risky asset like bitcoin and just let it sit and marinate for few years if worse come to worst like bearish market.

No one is happy to see their assets drop by a few percent, everyone wants to see their assets consistently profitable. However, this is a risk we must be aware of from the outset, and we always recommend buying using only the money we've allocated for investment. This will prevent us from panicking when something like this happens, as historical cycles suggest we'll reach our peak again. However, we'll have to wait a long time to see that.
Your example is very accurate: those who bought at the ATH five years ago and held onto it until now have already made a significant profit, but that's only if they didn't sell at a lower price. Some people do this because they're using money they shouldn't have.

[michellee]

They're certainly not happy, but since there's still a possibility of the price recovering and hitting even higher all-time highs, panicking and selling might lead to inevitable regret. We've seen this happen before, and Bitcoin has bounced back strong. I'm not saying this recovery is guaranteed, but history seems to be repeating itself.

There is always chance for recovery. People who bought at the ATH top 5 years ago could've doubled their money now. Since inflation is high and there seems to be no improvement. I prefer to bet on a risky asset like bitcoin and just let it sit and marinate for few years if worse come to worst like bearish market.

Sad, of course. But we can't stay at the bottom and need to wake up by accepting reality. It is okay if we bought Bitcoin at a high price then the price is down. That will be a good time to buy back because we will get a lower price and which means we can decrease our average buying price. Many people don't think about this and only focus on the losses they incur.

They have a chance for recovery. If they can consistently buy more, they will double their money in the future especially when the price jumps higher. It will be a matter of time before they see the value increase.

[Ayers]

Bitcoin price will definitely increase over time or after every drop but this time, will it increase again soon after or will we have to wait another 4 years? This is something that many people are concerned about, and those who are worried because they fear having to wait for a long time. We are entering the end of the year, and historically and if market cycles repeat, we will soon enter a bear market or are already in it. If we enter a bear market now and Bitcoin price will continue to fall, instead of going to 100k$.

In Jan this year price of Bitcoin was above 100k and then in April we saw Bitcoin price going down to 75k due to tariff standoff between China and US. In October we saw Bitcoin price rising to 126k. This is an example of current year that tells us how volatile Bitcoin price is, there are scores of such examples from past that tells volatility of Bitcoin. In Oct, when Bitcoin was touching 126k their were speculations that soon we will see 150k and now when price has gone down we are hearing negative speculations. I think it's better to stay positive about Bitcoin price because it will recover very soon.     

If the decline occurs early or mid-year, there is reason to expect it to recover soon.

But with this bull run having lasted for a long time and considered the longest bull run ever. Plus, based on market cycles, this is the time when we are about to enter a bear market. Given these factors, it would be a mistake and a bit stubborn to believe, this is just another correction and not a sign of a bear market.

Instead of taking this year's corrections as example and trying to believe that the bull season is not over yet. Remember what happened 4 years ago. When everyone believes that the bull season is not over yet, and bitcoin will be able to reach $100k when it breaks above $69k. Bear markets come in quietly and take away everyone's profits, until they admit it.

[tvplus006]

For those who ventured into the market with the mindset it would break out to 150k to 180k how do you feels right away?..

This situation repeats every cycle, when newcomers buy coins at the highest price and then, when the price continues to decline, they continue to hold coins unwilling to sell at a loss. And if the market ever gives them the opportunity to sell at the purchase price, they will gladly sell their coins.

[justdimin]

This is a supposed way out but the challenge will be in the ability to express patience enough, most Traders and Investors may not be able to get that done, they may not have the patience enough to wait for the market to retrace in the upward direction, they will loose their patience before then so even if the go ahead to continue with accumulation at this time, they may still end up not make enough that can be considered double of their capital for a profit. Personally i will advise if you know you do not have that patience and will not be able to wait, do not proceed to further accumulation but to exercise the little patience you have got to wait to recover and when you do, you will be able to take some profits before you run out of patience completely.

This is when it becomes very important and crucial that you consider DCA if you must further your accumulation of crypto, you will only be safer with DCA because you ae not going to put in a huge sum all at once so you get the chance to further observe the market and make your decisions right.

People who bought above $100k were usually not the ones with patience. These people will hardly think of DCA as an investment strategy and would like to go all in at once. They will certainly have loss but might even land up in profits if they are lucky sometimes. Their luck will play an important role here and not their strategy. I too would recommend anyone who is recently starting their investment journey to go for DCA while investing in bitcoins but I wonder how many of those new investors will actually practice DCA.

Many might just get tired of many partial investments over time and instead will just take a risk of investing all at once. I really feel bad for those new investors who often have loss at the initial investment. This will kind of demotivate them from making future investments.

[tvplus006]

...I too would recommend anyone who is recently starting their investment journey to go for DCA while investing in bitcoins but I wonder how many of those new investors will actually practice DCA...

In order to make purchases using the DCA strategy, it is necessary to have a sufficient balance for this. In addition, it is necessary to have a clear plan that determines how much BTC should be bought and the frequency of purchases.

[Distinctin]

Obviously they are in bog trouble right now, but unless they don't decide to sell, they will never be totally at loss. This is the reason why I don't suggest buying bitcoin at a higher price because once the price decline, you will definitely feel pressure while the market continues to be bloody.

Just be patient with how the market is going right now, and how bitcoin find some means to recover. But we all know bitcoin will recover, it only takes time.

[Wildwest]

Obviously they are in bog trouble right now, but unless they don't decide to sell, they will never be totally at loss. This is the reason why I don't suggest buying bitcoin at a higher price because once the price decline, you will definitely feel pressure while the market continues to be bloody.

Just be patient with how the market is going right now, and how bitcoin find some means to recover. But we all know bitcoin will recover, it only takes time.

Deciding to sell one of the Stop loss methods when the price continues to decline is a big difficulty that cannot be avoided by those who have bought at a high price, before the end of the year the price of bitcoin will not rise to $ 150 thousand because the market is in a bearish state. I do not advise them to sell coins now because it will harm them hoping that the price of bitcoin will change and can return the price to its highest point and this certainly takes a long time all decisions are only up to them to be patient or sell it.

[wiss19]

Buying at the top thinking bitcoins will continue going up will be their first mistake. Second mistake will be selling their holdings at the current price just to incur loss. Third mistake some might do will be to renter the market thinking this might be the dip. One needs a lot of courage to make all these mistakes. Buying at the top is okay if you are thinking of holding it for a longer period of time. For short term, yes you might be screwed by buying on the top but you can still average your entry price if you are willing to invest more.

I would only recommend one to invest more money if they really have patience and can hold the position for a really long time. I am talking about years here because it might take a while for bitcoins to rally towards $150k now.

[virasog]

Buying at the top thinking bitcoins will continue going up will be their first mistake. Second mistake will be selling their holdings at the current price just to incur loss. Third mistake some might do will be to renter the market thinking this might be the dip. One needs a lot of courage to make all these mistakes. Buying at the top is okay if you are thinking of holding it for a longer period of time. For short term, yes you might be screwed by buying on the top but you can still average your entry price if you are willing to invest more.

How strange it is that people are willing to buy bitcoin at high prices even near the all time high thinking that bitcoin will rise more and make them money. However, they aren't willing to buy when the bitcoin is low like at these times when bitcoin is under 85K. That is represented by the free and greed index too where we see that when prices are higher the greed is also high, meaning that people want to buy more and are greedy.

On the other hand, when there is extreme fear in the market then no one is willing to buy because everyone is fearful that bitcoin will fall more and they don't press the buy button. However, if you want to make profits, it is always better to buy in fear and sell in greed.

[The Cryptovator]

How strange it is that people are willing to buy bitcoin at high prices even near the all time high thinking that bitcoin will rise more and make them money. However, they aren't willing to buy when the bitcoin is low like at these times when bitcoin is under 85K. That is represented by the free and greed index too where we see that when prices are higher the greed is also high, meaning that people want to buy more and are greedy.

Trust me, I have noticed this. Rarely you see anyone create a thread about "Is this the right time to buy Bitcoin?" But you can notice when Bitcoin pumps hard, then there are a lot of threads regarding buying Bitcoin. It means everyone dares to buy Bitcoin when they see a red candle; they think the market won't recover again. That's the real problem of retail investors, where whales and institutions accumulate more Bitcoin when there is a red candle. This is the sentiment of the traders; extreme fear doesn't allow them to buy during the red candle.

But for me, it's the right time to do DCA. Keep accumulating; if you dump more, then your average price will be smaller. Whoever bought in at the top has to wait longer to recover their funds, but definitely the history repeats when it's Bitcoin. Bitcoin gives us the opportunity to accumulate it; if we don't realise the potentiality of Bitcoin, then we can't make money. As I said above, that's the reason whales can make more money, because they take the risk and they know they aren't going to lose.

[Polkeins]

Finally it's coming: the moment to start acquiring more BTC once again. The market is giving a clear signal that we are leaving the bull season to enter the bear one. It's not something new for those who are here since 2021, at least.

For those who continued purchasing when Bitcoin was on the peak, I fear they will have to wait until the next season, what means preparing themselves to hold for the following few years. Of course there are always expectations Bitcoin can perform better in a shorter period of time, but it's important to be prepared for every scenarios, anyway.

I agree with you about the end of the bull market. It seems that the huge demand for Bitcoin purchases that existed a few months ago has dried up, and even Sailor's purchases are not helping to keep the price up. After Bitcoin fell below 90,000, there were serious purchases and the price rose to 90,500 for a while, but now it has fallen below 90,000 again.
I wouldn't say that those who bought Bitcoin above $100,000 will have to wait four years to return to that level, because now there are large funds that buy Bitcoin for their balance sheets and Bitcoin ETFs, which also steadily support demand for Bitcoin.

The transition from bull to bear season always brings mixed emotions for investors some see it as the end of excitement while others view it as the perfect moment to start accumulating again and build long term positions bitcoin dropping below 90k shows the heat from the bull run has cooled off and liquidity is drying up this kind of environment filters out the impatient and rewards those who truly understand market cycles. The momentum that once pushed bitcoin above 100k has clearly faded big investors are no longer aggressively buying and even public figures like sailor adding to their holdings barely move the market anymore but that doesn’t mean the fundamentals have weakened instead it’s a signal that the market is resetting preparing for another strong base before future growth.

Those who bought at the top shouldn’t panic it’s normal in every cycle for new investors to experience a phase of waiting before recovery bitcoin has matured a lot since past cycles with institutional backing etfs and companies holding it as part of their reserves all of this creates a more stable long term foundation even if short term volatility continues. Rather than seeing this dip as a loss it’s better to view it as another opportunity to accumulate gradually corrections like this are what make the next rally stronger patience will decide who benefits most when the market eventually rebounds.

I agree with you that now may be a good time to buy. Of course, you need to assess the risks and not buy with all your available money, but you can buy Bitcoin and possibly some altcoins from the top 30 by capitalization and do it all within the framework of DCA, but usually everyone is afraid to buy when the price drops sharply.
When Bitcoin was at $120,000, many wrote that if btc price will be $100,000 or $90,000, or even $80,000, they would definitely buy it, but we don't see the same high demand for Bitcoin now as before.
In addition I saw on X that Blackrock sent its bitcoins to Coinbase and I think this will also put pressure on the price.

[salad daging]

How strange it is that people are willing to buy bitcoin at high prices even near the all time high thinking that bitcoin will rise more and make them money. However, they aren't willing to buy when the bitcoin is low like at these times when bitcoin is under 85K. That is represented by the free and greed index too where we see that when prices are higher the greed is also high, meaning that people want to buy more and are greedy.

Trust me, I have noticed this. Rarely you see anyone create a thread about "Is this the right time to buy Bitcoin?" But you can notice when Bitcoin pumps hard, then there are a lot of threads regarding buying Bitcoin. It means everyone dares to buy Bitcoin when they see a red candle; they think the market won't recover again. That's the real problem of retail investors, where whales and institutions accumulate more Bitcoin when there is a red candle. This is the sentiment of the traders; extreme fear doesn't allow them to buy during the red candle.

Those who say they are so afraid of FOMO that they ask “is it right to buy bitcoin at the current price” (when the price is high) but when the price is down they don't come back to ask, maybe they are sad because the price is down and panic because they bought at a high price, it could be their thoughts whether to sell even if they lose? Panicked people will have a dilemma whether to sell or hold on but they will not think about buying when the price drops.

But for me, it's the right time to do DCA. Keep accumulating; if you dump more, then your average price will be smaller. Whoever bought in at the top has to wait longer to recover their funds, but definitely the history repeats when it's Bitcoin. Bitcoin gives us the opportunity to accumulate it; if we don't realise the potentiality of Bitcoin, then we can't make money. As I said above, that's the reason whales can make more money, because they take the risk and they know they aren't going to lose.

Actually, there is no need to worry about buying at the peak if indeed their investment is long-term, just wait for patience in the cycle for the future, but it is much better to accumulate at low prices so that you can get a decent price.
Whales already know how to play - while beginners are still feeling whether this is the right decision or not.

[Pandorak]

Currently, disappointment is certainly dominating traders, especially those with a mindset of seeking quick profits. Many of them may be opening positions with the aim of profiting from price differences. However, the unexpected happened, prices fell significantly, causing losses. Experienced traders usually prepare for the worst case scenario by setting stop losses to prevent deep losses. But new traders who are only focused on profits are trapped in the downturn. Instead of cutting their losses, they wait, hoping that prices will return to the entry area. Unfortunately, the market continues to fall, causing their losses to grow.

Meanwhile, investors see this decline as an opportunity to accumulate more, perhaps buying the same amount as usual, only this time getting more Bitcoin due to the current decline. Investors always have a long term mindset, not short term gains. Their mindset is different from traders, they won't panic over the decline, but instead think about how to take advantage of this momentum to buy more, because they realize this is an opportunity.

[Coyster]

Bitcoin is around $83k right now, so anybody who bought at the very top, when bitcoin was close to the top would be worried and some of them would have sold already. Particularly those who bought their first bitcoins then; if you only accumulated to coins you've been hodling for a long time and have already accrued ROI on, then it is not as bad.

That said, what i'm about to say is easier for us, people who have been in the network for a long time. For newbies or get rich quick buyers, not so easy, but the best decision is to hodl on. I don't know if we are in a bear market yet, but just hodl your coins, except in circumstances beyond your control, and then you can sell. It is never better to sell at a loss, when you have the resources to keep on hodling it.

[Odusko]

For those who ventured into the market with the mindset it would break out to 150k to 180k how do you feels right away?
Feels disappointed with the market or not, to me to be frank I am already disappointed because is like almost, 30 to 35 % drop, but the good thing is that you can also accumulates more bitcoin to your portfolio to cover up the lose, so that when the market rises you would make double profits of your lose, does this helps to cover up the loses?

Anyone venturing into te market with such mindset as continued uptrend movement is doing so at their own risk which should be avoided, like not having the long term view and also the risk that the price can go against their predictions, so for those that bought at all time high with hopes of quick gain should be prepared for a long walk, the profit and expected price of $150k will definitely come but is going to take some time to see that.

[Powerjumboo]

For those who ventured into the market with the mindset it would break out to 150k to 180k how do you feels right away?
Feels disappointed with the market or not, to me to be frank I am already disappointed because is like almost, 30 to 35 % drop, but the good thing is that you can also accumulates more bitcoin to your portfolio to cover up the lose, so that when the market rises you would make double profits of your lose, does this helps to cover up the loses?

Of course, buying from the dip will play an important role in covering losses because if Bitcoin is invested at this time, then if the market increases and a new ATH is created, then there will definitely be a lot of profit. However, I do not advise this to futures traders, because long-term investors and spot traders can invest or trade from this market, they will make a profit, but if futures traders trade with high leverage, then if the market is more volatile, they will lose a lot, and it is also not possible to say exactly which direction the market will go at this time. However, in conclusion, I would like to say that those who expected to see the market from $180,000 to $150,000 do not feel bad at all, maybe they are still waiting for a good market position to be formed, but I hope that the market will definitely achieve something good very soon.

[Stalker22]

If you literally just jumped into the market because you were convinced those massive numbers were right around the corner, like, any day now, you have to admit you werent really investing.  You were essentially just placing a big bet on a cool story, and unfortunately, the story didnt play out.

So, how do you feel now?  If you are really upset, its probably because you feel tricked.  It means you didnt know how these markets work or how to handle the risk.  Being just bummed is a bit childish.  Its what happens when what you expect doesnt happen.  The market just does what it does.  A 30-35% drop isnt a major crisis, its just a normal thing for something as wild as crypto. Its part of the game.

But I honestly doubt there are many people like that here.  In my experience, people come here, among other things, to learn more before they decide to dip their toes in.

[Mallampue]

Bitcoin is around $83k right now, so anybody who bought at the very top, when bitcoin was close to the top would be worried and some of them would have sold already. Particularly those who bought their first bitcoins then; if you only accumulated to coins you've been hodling for a long time and have already accrued ROI on, then it is not as bad.

That said, what i'm about to say is easier for us, people who have been in the network for a long time. For newbies or get rich quick buyers, not so easy, but the best decision is to hodl on. I don't know if we are in a bear market yet, but just hodl your coins, except in circumstances beyond your control, and then you can sell. It is never better to sell at a loss, when you have the resources to keep on hodling it.

Novice investors will definitely feel worried after seeing the current price especially when they bought at the peak price because they could not bear the decline some of them may have sold because they felt overwhelming panic.
Novice investors should be able to accumulate again but sometimes the sense of trust has been lost because of the sharp decline.

Beginners will think they are investing in bitcoin to get rich quickly, while their old investors will know how to last longer and when the price drops old investors tend to buy more than worry about the decline or fear of loss.

[Hamza2424]

For those who ventured into the market with the mindset it would break out to 150k to 180k how do you feels right away?
Feels disappointed with the market or not, to me to be frank I am already disappointed because is like almost, 30 to 35 % drop, but the good thing is that you can also accumulates more bitcoin to your portfolio to cover up the lose, so that when the market rises you would make double profits of your lose, does this helps to cover up the loses?

Haha why are you rubbing salt on them haha, that's really crazy.

Anyway, they must be disappointed or maybe not although I was one of them but not so optimistic as I only had a target of around $130k and it did reach that level not saying I am right and good at it.

The momentum sometimes can trick us badly that we can think extreme, like when it pumps, we start to think it will break another ath and if it dumps, we start to think it is a bear market and it will pump more and more. We sometimes think bad and really bad, negative thinking.

We should beleive on stats, logical reasoning in the crypto market because here, everything is predictable with math.