Quote from: maiden on March 05, 2024, 09:02:59 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.

They are not complete fools, but they are experiencing FOMO, and believe that they should not miss out on the opportunity to invest in Bitcoin. Sometimes, it takes experience to learn what to do during the bull run. In case there is a significant correction due to a sudden spike in the price of Bitcoin, they can continue to hold their investment because the chances of the current price increasing further are high.

Or simply put, they don't want to missed the boat before it sails, so they wanted to join in even at the highest price that we are seeing right now. Nevertheless, whos' to blame them, this has been the cycle and it going to repeat. But the good thing is that we are not even in the top price yet. Yeah for sure we might see new all time high before the halving. But the real bull run is after that when we see prices going on a parabolic rise. And if we can compare, those who bought at near all time high on the previous cycle could bear a sigh of relieve now, specially those who FOMO at around $60k in 2021 and still holding but this time because they wanted to make a profit at least. Or they could have sold already but then bought when the price is <$40k or even lower. So still a win-win situation and you can't call them fools.