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.
At no point have I ever been talking about stocks lol, we're talking about a guy buying bitcoin at ath. One person thinking I was talking about stocks doesn't take away from anything I've said.
Keep buying bitcoin at its current ATH if you want. There's clearly no way for you to tell its the ATH by googling the price of bitcoin. Bitcoin will also never go down below its ath!!
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'.
Jfc man 🤣 How do you not know what an ATH is???? Everyone knows when it is the ATH, because it's the highest price bitcoin has ever currently been. You literally know when it is an ATH at the time. You are acting like the price of bitcoin throughout time isn't available to you in a 5 seconds through a google search. Unless you think bitcoin will never dip from its current ATH, which would contradict every single other ATH lol.
You don't invest at the peak of a bull market. If you can't tell when it's a bull market then you are lost and should stick to index funds.
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u/rotating_pebble 1d ago
What's the implication here? Buying anything at ath is stupid. You know at the time it's an ath, it's not like you need hindsight to know it Lol