Post
Topic
Board Speculation
Re: Are people buying BTC @ $27000+ idiots?
by
Jating
on 04/03/2021, 10:56:35 UTC

No the thread didnt age well, particularly the OP!
Make such claims is ridiculous. There is a philosophy here of "buying the dips" and
"dollar cost averaging". People are indeed free to buy and sell at any price to suit
their own needs but calling people idiots is wrong....as has been proven by this thread.

What's funny is that most of the threads that have a spirit similar to this one do not ever age well, and that is because bitcoin has a tendency to make those people be completely wrong, what I do not understand is why people don't learn from their mistakes, if you take the time to read very old threads you'll see people that said that bitcoin will be completely unable to surpass a level an in only a few months or at worse a few years bitcoin surpasses that level easily, and it seems to me this tendency is going to continue for a very long time.

Of course, bitcoin has proven many doubters wrong, those who bought at this price are still going to profit. And people created these baseless threads are surely spreading fears amongst us, specially newbies. Just 3 months ago, bitcoin breaks the $20k barrier, and now we are already in the $50'ish, give and take.

So it a span of 3 months, majority are making a lot of money but simply holding. But those who still doubt bitcoin will be left because they are the won who are really the idiots here.