Quote from: Faisal2202 on Today at 08:38:17 PM

Quote from: owenle on March 04, 2024, 01:39:58 PM

Are investors investing in Bitcoin at ATH now are fools ? Is there chance of major correction from here as prices have already peaked now.

At the time of writing this post, you will see the price of BTC is already below $62k so you must have known till now that the chances of BTC price to take some correction is possible and those who must have invested at the time of ATH are fools but IMHO they are not fully. Because some must have some POV, like they might want to hold their funds until the next ATH. And those who thought the next ATH was not coming are the ones who sold their funds, and some sold their funds in order to take entry again at some better point which IMHO is not. Well, I was saying. if one has invested at ATH.

They might be waiting for the next ATH which is going to come after the Halving event. so considering this those who invested before the ATH are not fully fools but partial ones maybe. Because I will say, if they have the enough funds then why they don't take entry before, and why they are taking entry now. They should time the market with some knowledge otherwise they will make loss.

I see that you have been registered on the forum for more than 3 years Faisal2202, which may well mean that you have enough BTC.

But if you don't have enough coins, then what? You have to buy at some point. When are you going to buy? Did you buy today? If not, then when are you going to buy.

On the other hand, if you have enough coin, then congratulations. Do you have any plans in regards to managing your coins going forward and/or various selling points that might relate to either price and/or time?

We should not be presuming anyone else to be a fool in regards to their situation merely based on when they bought (including if they might have had been buying BTC in the last week) and/or if they are just getting started in BTC. We need more information before we would reasonably be able to know if they might have been approaching their bitcoin accumulation in a foolish way..

Quote from: Hamza2424 on Today at 08:50:23 PM

it's never late in Bitcoin especially when a just a few halvings happened..

Well if you have an investment time horizon that is 4-10 years or longer, it would be difficult to assess that you are starting too late or that you are foolish for getting started.

In the last more than 10 years that I have been involved in bitcoin (and paying some attention), I know a lot of folks over the years who waited and did not do anything in regards to buying bitcoin and we have had a lot of all time highs over the last 10 years... and sometimes it takes a while to reach another ATH after an ATH has been reached, but other times when we have not touched the all time high for a couple of years or more, then it is likely that we will continue to have more ATHs for months to come.. Of course, nothing is guaranteed, but surely anyone buying bitcoin needs to be considering his investment timeline as an important factor, and then whether he is going to lump sum buy, DCA and/or buy on dips, and it can take several years to establish a position, no matter what the BTC accumulation approach.