Buying bitcoin last week was worse than buying at previous peak

I was checking out some crypto market chats this morning and came across a weird trend. It seems like traders who jumped in at 73k are having a worse time than those who bought at the previous all-time high of 75k. Just a heads up, this is my personal take, not professional analysis. So, if you look at those who bought at the last bull market peak of over 73k compared to those who bought at 75k+, the latter group kinda had an idea that things might go down. They probably only invested a little and were cool with waiting for the next surge before cashing out their holdings. But the ones who bought recently were riding high on the sentiment, thinking they’d see a new high pretty soon. This made them dive in without any real risk management or strategy, leading to bigger losses than they could handle. And honestly, it looks like this trend might just drag on through November because of Bitcoin's mood swings. What do you guys think?

Bitcoin all-time high is not $75000. Bitcoin has not been able to get to $74000. The all-time high is around $73800. Bitcoin almost got there recently, just like only $150 remain to add up to bitcoin price to attain that. But the bears were active at that price point and bitcoin sold and decrease in price. Bitcoin may not continue to fall. It is falling now but it will have a big resistance at $65000. If it falls future, a bigger resistance will be at $60000.

Some exchanges recorded ATH to be $74,000 back then, but that price was not captured by the market tracker, and the all-round ATH that we know is $73,800, and Bitcoin has not been able to break that level in the last trend; it was just a few hundred dollars that stopped it from reaching that level before the market started dropping back down. I will still not consider buying bitcoin last week as worse compared to those who bought in the last ATH. The reason is because those who bought from the previous ATH might have already lost it, as many traders are patient enough to hold it for a long period of time.   Currently,  what we are just seeing is a little reflex on the market, and even if it lasts through out the end of November, there is still a high chance of recovery back to the $70k level before the year runs out.

From what I sense and observed myself is that it's always risky jumping into the market while it's trying to create new price level, just as you said already that most people with the mindset of buying bitcoin when the market is already creating new ATH. Like to me it's a wrong approach and market can likely decline making them to be at lost, but if an investor can likely hold his investment till the market complete it circle then they would definitely benefits from their investment unlike those who opened long position to trade, they would definitely incurred lose since their mindsets is for bitcoin to create new price level of 74k and above but ends up going the other way wrong.

Decision will depends on your intention since if you are into trading then maybe doing that at the timeline you said might have complication since we don't know how the market moves and that time and that maybe could affect your trades. But if you are into long term holding and implementing DCA buying bitcoin at what date,time or whatever price bitcoin would able to reach is not actually a problem since anytime you can accumulate since market volatility would never hurt us so bad and also price is not actually the main concern of the holders.

Those who buy at $73k should not worry with the price because the price can break that and reach the next highest price. But when they want to buy more Bitcoin, they must not risk too much money so yes, it needs management risk and money. If they can be wise when buying Bitcoin, they will not spend too much money before they are sure with the market condition. They will be careful and analyze deeper to find when they can enter to the market. They prefer to wait for a while if they don't see the chance to buy. They can still buy more Bitcoin at any price if they have a goal for a long term investment especially when they use DCA method. That will be good for them because they don't need to worry with the fluctuation of the Bitcoin price.

Bitcoin already showed us a hope for a new ATH, but it didn't happen for just a few hundred $. Such time buying is not a concern for a long-term investor nor is it a special purchase. But buying at such times is definitely risky or special for a trader. A trader has a high risk of loss when he buys when the price is positioned close to the ATH. Because, we can see Bitcoin new ATH It is moving backwards again despite creating its potential. I don't know how far it will go, but I'm guessing Bitcoin won't go below $65 that much, it will be a strong resistance for Bitcoin. My biggest prediction for November is that Bitcoin will break $75k and make a new ATH.

Those that bought at time might not be first time buyers but rather those that are DCAing and as such their DCA period fall into that period, ideally buying during a bullish period is not the ideal way rather it is buying at low but this is bitcoin and if your intention is to actually go for a long term investment then I will say bitcoin been bought at any price is definitely not a bad thing as the lowest price you might find bitcoin is the price you meet it today. But for short term investors looking for a quick profit then this is not the quarter to be buying bitcoin although I am bullish that it will create a new all Time high this period

The market is currently showing downward trend. It is currently at $67K. It is very likely that the market may see something positive after November 5th, as Trump's victory in the US presidential election on November 5th may show positive market movements. Also the market situation is very likely to improve this month or December, even if the market does not pump this month, we may see the Bitcoin market at $75K-$80K+ in December. And Bitcoin will pump even more in the coming year, because according to the research of many Bitcoin researchers, Bitcoin's real bull run will begin in 2025, where Bitcoin can cross $150K. Now let's see what the results of the next November 5 election are, if Trump can win then we are going to see something good very soon.

In my opinion those who bought at the peak of the recent rise (ie. $73.6k) are the same people who refused to buy bitcoin when price was $52k believing that "bitcoin is dead" and kept waiting for the dump that never came so they panic bought after $70k resistance was broken. In fact I wouldn't be surprised to know the reason why price came down to $67k after the rally ran out of steam was because the same people panic sold! If my speculation is true, that is actually a good news because it means we've just gotten rid of a lot of weak hands and the next leg up could happen a lot easier

I Think the market is anticipating Harris win and weak hands are leaving the ship. Hence the dip FOMO usually leads to selling to mitigate supposed losses. Well I wouldn't say they unlucky because the there's still room for growth But this growth only favours The patient.

Most of the long term position holders around that are know are already building liquidity to support their position from liquidation, this is what we call risk prevention approach a d this may likely helps them to protect a total liquidation., it is very wrong to jump on the market when the price is already at Green zone, no one should expect bitcoin to continue in one direction of it trend. Anyways, I belive that the price of bitcoin won't decline further than this and at the same time we have a strong resistance, so those who open position in bitcoin have less to worry and panic about.

buying at high was never a good thing anyway, whether it's last week or when it hits ATH, you just gonna get little gain even when prices keep rising up and put your money at higher risk more than anyone else, just know that a rally will eventually ran out of fuel for it to keep going up, at some point retracement gonna happen, it's just matter of time not whether it's gonna happen or not because retracement will always happen right after rally. if I see a coin with price already spiking too high, my first line of thought would be just wait it out until retracement and only then maybe i will DCA. i'm not risk tolerant enough to buy at high, putting my money in more danger than anyone else.

You are not losing at all if you are not selling  So, even though some people bought the top recently, they are still not selling, it's still not a lose because there are a lot of reasons and ways that Bitcoin could go back to an all-time high, the only we don't know is when it will happen, just like how it went there unexpected.

That's just part of the game, but if you're into HODLing, there's no need to worry. You can't really blame investors for buying in when the hype is high - who wouldn't be tempted when the ATH is close? History shows that when Bitcoin reaches its current ATH, the price often skyrockets. So, just stay calm; Bitcoin is taking a breather, and we might see the bullish momentum return after the US election. In my opinion, not buying now would be a poor decision, as even if you sell later, it’s almost a guaranteed profit when the bull run resumes.

Well I do not think buying Bitcoin now is a bad idea for a new investor. We are still less than the all time high. And after the American elections is over in a few days I do think we will see a new all time high. So now if you are buying Bitcoin for cheap you will make profits. It does not matter I do not think what price. We will make big gains after it does happen and the 'bull run' will go on.

It is a justifiable that Bitcoin is best when approached with a long term perspective because it values stands the chance of increasing over time, any time one buys Bitcoin is cool if only the motive is to buy and hold, the most important is to buy and possibly increase the size you have over time and hold for as long as necessary, those that are mostly worried about the market volatility are those looking for a short term profit maximization of which I think those are the categories of people op are referring to per the concepts of the thread, while a long term investor have less worries about price points because they are not planning to sell any time soon.

You're comparing an orange with an apple, the first one you're talking about investors, while the second one you mention traders. Of course traders are looking to make money in short time and they're willing to sell at loss if the price doesn't move like in their analysis. But, if both of them are holders, they have nothing to worry whether they bought at ATH or in the last week. I know the worst than both, it's people who have never purchase Bitcoin.

Aren't these all assumptions of yours in terms of what "sentiment" these so-called traders who bought at different periods have?  Personally either period of buying in seems kind of bad at least at the moment what with the market being down to 69k right now, which equates to both buy-ins being at a loss right now. Either way as long as they don't sell I don't think it's a loss taken yet really. Losses when starting in a long term investment isn't usually that odd since the market always goes up and down by at least 5-10% in it's usual periods.

It seems like what OP mentioned always happens when Bitcoin price wants to break the previous ATH, there will definitely be many people who will panic buy and hope or assume the price will continue to rise in the short term and they plan to take short-term profits. But in reality the Bitcoin price actually reverses direction. And in my opinion as long as they don't take action to sell when the Bitcoin price reverses direction or goes down, I think it's okay, because in the end the Bitcoin price will go up again and the most important thing is to be patient waiting for the Bitcoin price to go up again and that's for sure, because Bitcoin is a long-term investment that will always provide extraordinary profits, and with this they finally realize because the Bitcoin price is not easy to predict which will go up or down suddenly or unexpectedly and will be a valuable experience and try it with other methods or strategies.