Place it in setup But if you want to constantly check, don't check for HIGH / LOW of the button but use state change detection. See the examples or grab an easy library like Bounce2
From what I suspect you want to do, all the answers were already given above. However, if you are new to programming as well, you may not quite get it.
In your first sketch setup() does what is required. loop() then simply keeps looping and run the same code over and over. That will keep printing one of the messages depending on whether the button (I assume you are looking at a button) is pressed or not. I think you should see that if you look at your code.
When you moved the code to setup(), it will read the button once on startup and never again. You will probably not have the button pressed when it executes that read. The program then moves on to loop(), doing nothing forever.
As suggested, use the state of INITIALIZE to decide whether you need to read the button, or whether you need to initialize, or not.
Or better still, use the transition from "not pressed" to "pressed" to trigger the printing of the message.
Use the state change example sketch for clues.