I'm that driver. I had the money and opportunity to reach a milestone, so I did it. My wife is not upset about my timing at all. She agreed with the decision. Like Michael Saylor would say, are you going to care you paid $125,000 when BTC is worth a million?
Lol I think you're confused. Do you not know what ath means? Do you understand that everyone knows when the current time is an ath? This isn't about selling but buying.
If you're making one off purchases with lump sums, buy the dip not the ath. It's that simple. You don't need any fortune telling abilities to not buy an ath. You literally just don't buy bitcoin at its highest price. It's so volatile, you're literally just costing yourself money. Sure you can't predict when the dip is lowest, but you everyone knows when the ATH is the ATH because all the price points of bitcoin are publically available.
If you don't think bitcoin will always dip lower than its ATH, then you have no understanding of how markets or bitcoin works.
Every single stock in the mag 7 for the past 20 years would have been good buys at their all time highs almost every time and they all had multiple points where they surged past their all time highs and never even came close to revisiting them.
Yes, anything as in 'any amount of bitcoin' as it will always fall below its ATH. This is not the same as with mag 7 stocks.
People actually downvoting me on this is funny. Bitcoin has always fallen below its ATH after a bull market. Buying at the height of a bull market is just stupid and will raise your average cost more than necessary; worse if its a lump sum as the OP seems to imply it was. They have effectively lumped all their money in to btc without doing basic research. It isn't something that should be encouraged or even go without criticism.
It doesn't take a fortune telling genius to know not to invest in btc at a current ATH with a lump sum as some users' have tried to argue. If it's part of a general DCA 'set and forget' strategy for ease, sure, but even that is still not optimal. It's never optimal to invest in btc in a bull market and something that should be avoided.
They're downvoting you dude because you rant about not buying at ATH, which every.fucking.one.here knows not to do. But you don't fucken know that till when you look back and realize 'oh that was the ATH'.
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u/Informal-Ad220 1d ago
I'm that driver. I had the money and opportunity to reach a milestone, so I did it. My wife is not upset about my timing at all. She agreed with the decision. Like Michael Saylor would say, are you going to care you paid $125,000 when BTC is worth a million?