Could have bought it in March this year for sub $4000.
Downside risk is much greater now than it was earlier this year.
Is it the mentally challenged that are getting fleeced right now.
so what more those who bought in 50 and 60k? they are crazy ?
if those who bought in December at 27k surely made their funds more than 140% more in second quarter of this year lol
why do you say they are crazy?
those who buy at $50K won't lose as long as they don't sell their bitcoins. they just need to be patient and keep holding the bitcoins they have until the bitcoin price goes up again. bitcoin price did not fall too far and recovered faster than we imagined, the chance for bitcoin to reach a new ATH before the end of 2021 is still quite wide open.
I agree on that you will only loss if you sell your holdings in loss, but if you hold it till the time that the price rise 5 to 7x percent from the purchased price then you will surely earn, this is how it goes and this is the only strategy to earn, and the most important here is the patience.