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len01

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Quote from: bangjoe on December 03, 2022, 10:36:57 AM

Quote from: Franctoshi on December 02, 2022, 01:49:19 PM

This is human nature for people to rush in to buy an asset when the price is rising, when it involves investment on an asset that increase or decrease in price. It takes mind to do the opposite when Pricisly talking about buying Bitcoin and only fews understands and buys BTC when the price drops.
This was the kind of mindset that I had before but this forum has really done a lot in changing my perspective on that.

Yes, that's right, sometimes we need experience to make us realize that what we are doing is wrong, especially in bitcoin. When bitcoin reaches ATH, people flock to make purchases even though that is actually the time to make a profit. But when bitcoin reaches its lowest price, people are reluctant to buy on the pretext of waiting until the price is really at its lowest point.
An inverted mindset that will plunge us into a loss hole. Indeed, as long as our money is in the form of bitcoins, it cannot be said to be completely a loss, but we need a longer time to wait for the market to recover.

because it has all become a human mindset and habit when given cheap ones don't want to buy and when the price gets expensive they flock to buy without knowing it is the season of the bitcoin party reaching ATH and the opportunity to sell.

sometimes people who want to buy bitcoin always think of the lowest price without seeing what the price of bitcoin was before and what percentage the price has fallen. if someone is smart and knows the history of investing in bitcoin, when the price is like this for sure it will be much better to buy than waiting for a pointless low price

CryptSafe

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I believe this has to do with the human mindset, reasoning and ideology. Not all people see things the same way. Some might see the good in the bad while some would see the bad in the good and it all boils down to the same lane and their perspective of how they see things. Looking at this, one would know that normal human being should be able to go for the less expensive and get possession of it while waiting and growing with it but in the other hand, there are some that are ready to go for the much expensive one which has already pumped without much stronger value and at the entire end they lose all their investment as it was a pump and dump. This is the normal ideology of average human. Nobody wants to build but wants already built so they could take possession of it. This is why scammers always get their ways in achieving their goals.

bangjoe

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Quote from: Franctoshi on December 02, 2022, 01:49:19 PM

This is human nature for people to rush in to buy an asset when the price is rising, when it involves investment on an asset that increase or decrease in price. It takes mind to do the opposite when Pricisly talking about buying Bitcoin and only fews understands and buys BTC when the price drops.
This was the kind of mindset that I had before but this forum has really done a lot in changing my perspective on that.

Yes, that's right, sometimes we need experience to make us realize that what we are doing is wrong, especially in bitcoin. When bitcoin reaches ATH, people flock to make purchases even though that is actually the time to make a profit. But when bitcoin reaches its lowest price, people are reluctant to buy on the pretext of waiting until the price is really at its lowest point.
An inverted mindset that will plunge us into a loss hole. Indeed, as long as our money is in the form of bitcoins, it cannot be said to be completely a loss, but we need a longer time to wait for the market to recover.

carlfebz2

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DGbet.fun - Crypto Sportsbook

Quote from: Kasabus on December 02, 2022, 01:58:35 PM

Quote from: Antonas1 on November 10, 2022, 07:24:39 AM

Quote from: Ludmilla_rose1995 on November 10, 2022, 06:54:18 AM

~snip~ unless you are someone who likes high risk, you can make a loan to the bank and then buy bitcoin at the current price. ~snip~

I wouldn't suggest that to anyone, even if he's a person who dares to take high risks.
When dealing with loans, you have a time limit to repay it. If the time's up and you still haven't made a profit, then you're done. It would be better if you buy bitcoins with the money you have, regardless of the amount. If you don't have money, don't be a fool.

Investing in bitcoin regardless of its price should never be made through taking a loan. There is high risk investing in bitcoin alone, so it will only increase the risk more by borrowing some money you can’t afford to lose. That is why never invest when the price is high but always start investing when the market is deeply bearish since the prices are in bargain. And remember to buy bitcoin on your own extra money that you can bear to lose.

Any investment which funds being used are loaned ones then it is really that risky move or thing to be done specially here on cryptospace which profitability is always been not been sure of.If you do rely on repaying

your loans on your crypto investment then better not to think this option because you would be fucked up.In the things been mentioned up in OP which this is really that a sarcasm kind of approach. Grin

This do usually happens which people do bother on entering or buying when market is on bearish mode and do only buy when the prices are already on the peak
which is totally absurd or doesnt really have any sense.

sulendra12

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Quote from: Symmetrick on November 03, 2022, 02:52:26 PM

I wonder how much longer it will take for people to realize that low prices are a CHANCE to buy, not some kind of disappointment. Instead of taking this chance, they are burying bitcoin.

Of course the "low threshold" on every moment you invest will different. It might be $10k, $100k, $1m, $1 in the future and people still seek for the lowest price possible.
This is why I stick with DCA and when the price reaches $1m or even more, people will be proud with what they put in Bitcoin.
People in reality just reach for the bottom lowest possible, but they don't know how to stop because the price just almost impossible to reach that point especially with the news if you follow at all.

Quote from: Symmetrick on November 03, 2022, 02:52:26 PM

Instead of taking profits or enjoying an increase in the value of their assets, they start buying. They buy at the top of the market, and then they say that bitcoin is a pyramid scheme and a scam. Now I am talking to some people IRL, who are also interested in cryptocurrencies.
I ask: Have you already bought bitcoin?
Answer: No. I'll wait until he recovers.

They lack critical information :laughing_emoji:
This is when they just blindly following the number instead of just put a little effort to do some research first. Trend will change.

Kasabus

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DGbet.fun - Crypto Sportsbook

Quote from: Antonas1 on November 10, 2022, 07:24:39 AM

Quote from: Ludmilla_rose1995 on November 10, 2022, 06:54:18 AM

~snip~ unless you are someone who likes high risk, you can make a loan to the bank and then buy bitcoin at the current price. ~snip~

I wouldn't suggest that to anyone, even if he's a person who dares to take high risks.
When dealing with loans, you have a time limit to repay it. If the time's up and you still haven't made a profit, then you're done. It would be better if you buy bitcoins with the money you have, regardless of the amount. If you don't have money, don't be a fool.

Investing in bitcoin regardless of its price should never be made through taking a loan. There is high risk investing in bitcoin alone, so it will only increase the risk more by borrowing some money you can’t afford to lose. That is why never invest when the price is high but always start investing when the market is deeply bearish since the prices are in bargain. And remember to buy bitcoin on your own extra money that you can bear to lose.

Franctoshi

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This is human nature for people to rush in to buy an asset when the price is rising, when it involves investment on an asset that increase or decrease in price. It takes mind to do the opposite when Pricisly talking about buying Bitcoin and only fews understands and buys BTC when the price drops.
This was the kind of mindset that I had before but this forum has really done a lot in changing my perspective on that.

fennic

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Activity: 126

Merit: 39

There is a reason behind this Because most people do not believe in Cryptocurrency for long term. When they see that there is much hype and many big people like Elon musk are talking, than they say

" Why Not I should Buy Bitcoin cause it can go to 5x More from my price."

And after that when whales see that now a whole world is longing Bitcoin than Short BTC and make hug profit By Pump and Dump.

jokers10

legendary

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Quote from: mrongoz_imut on December 01, 2022, 09:07:21 PM

To get rid of problems like this is very difficult, because almost everyone buys bitcoin when prices soar high, when prices are low it seems as if the market looks quiet, so not many people dare to buy when prices are low, so certainly not many people can collect the coffers of money from bitcoin, only a few people dare to take the risk of buying when the price is low, it becomes clear that currently bitcoin is prepared for younger people who dare to take high risks.

Is this situation specific for Bitcoin only? Don't you think that any investing has the same patterns? It is not always just about being ready to risk, IMO it is even more common about basic understanding of economy, of market and the things like that. Most don't have it. So we can see the same patterns in other situations as well. And that's why it is not so wise to do investing if it is just about risks acceptation, investing should not be a gambling IMO.

mrongoz_imut

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Quote from: CoinEraser on November 03, 2022, 03:23:15 PM

Sad but true. When the price is down, few people are interested in buying bitcoins. But in a hype and with high prices, people suddenly become interested in bitcoin and buy him dearly. Cry

I've experienced this again and again in the last few years in my circle of acquaintances and it hasn't changed to this day. I wonder when will people finally learn it? Undecided

To get rid of problems like this is very difficult, because almost everyone buys bitcoin when prices soar high, when prices are low it seems as if the market looks quiet, so not many people dare to buy when prices are low, so certainly not many people can collect the coffers of money from bitcoin, only a few people dare to take the risk of buying when the price is low, it becomes clear that currently bitcoin is prepared for younger people who dare to take high risks.

landheer

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Quote from: Adamlaria on November 15, 2022, 03:27:01 AM

I am not saying that I want to buy expensive ones, I only dare to buy when the price of Bitcoin rises. Although I know to buy low and sell high. I don't know when the high is. I also generally don't sell my bitcoins. I feel safe looking at it in my wallet. I will probably sell when the cryptocurrency bull market comes. I know now is not a good time to sell. Now is the time to buy.

everyone has their own way of investing in bitcoin, and I also often buy bitcoin when the price is rising, and after I buy it finally the price of bitcoin goes up even more and finally I get a profit. but now I always buy bitcoin at low prices because I want even bigger profits. so the point is in investing in bitcoin if you buy when it's rising the risk is stuck at the top. but if you buy bitcoin at a low price the risk is not too high.

jokers10

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Quote from: akuntester1 on November 28, 2022, 04:26:30 PM

...
They don't really understand how investing works.
...

IMO most people in the world don't. Some countries have not so bad economy education at schools but most have very primitive. There is a not bad book for children "A Dog Called Money" but most adults can find out that they didn't know economy even at that children's book level. People usually do simple mistakes when they start investing or trading and basic economy education can solve that problem: some people will lose money anyway as not every investment is prospecting, but we'll have less losses based just on wrong understanding of a basic market features.

akuntester1

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Quote from: xSkylarx on November 18, 2022, 01:03:39 AM

Quote from: Adamlaria on November 15, 2022, 03:27:01 AM

I am not saying that I want to buy expensive ones, I only dare to buy when the price of Bitcoin rises. Although I know to buy low and sell high. I don't know when the high is. I also generally don't sell my bitcoins. I feel safe looking at it in my wallet. I will probably sell when the cryptocurrency bull market comes. I know now is not a good time to sell. Now is the time to buy.

That is really the point of OP, newbies can only notice it when it is in green days or at high price since newbies thinking that it keeps rising but the problem is that that is already its peak so it will go down again . Also on red days you keep thinking that it be going down so you will not buy again. Though nothing is wrong at buying at high price but newbies tends to rant in social media about it and also they don't do their own research. Try to understand more the price action of bitcoin so that you will know when to buy or sell.

It's true, maybe I think this is because beginners are only tempted by big profits.
Because newbies only catch glimpses of bitcoin growing over time.
They don't really understand how investing works.
And without thinking they invest without doing research first.
When it turned out that the price had dropped dramatically they regretted it and tried to find people who were in the same boat with them by chattering on social media.
Most people who are raving on social media that bitcoin is a scam are those who have never had any investing experience in my opinion.
It's a shame in my opinion because they only show their stupidity with their own words and ramblings.
This is important to understand how the right and proper way to invest before going deeper and using our money.

Victorik

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Quote from: Symmetrick on November 03, 2022, 02:52:26 PM

Years pass, cycles pass, but nothing changes. Cheesy

I wonder how much longer it will take for people to realize that low prices are a CHANCE to buy, not some kind of disappointment. Instead of taking this chance, they are burying bitcoin. Instead of taking profits or enjoying an increase in the value of their assets, they start buying. They buy at the top of the market, and then they say that bitcoin is a pyramid scheme and a scam. Now I am talking to some people IRL, who are also interested in cryptocurrencies.

I ask: Have you already bought bitcoin?
Answer: No. I'll wait until he recovers.

Yea, I guess they lack understanding of how it works.
When the price of a token/coin dips, it is an opportunity to bag more. But, not Everytime, especially when you are dealing with shitcoins.

Some prefer to buy high, and panick sell when they see a dip, end up losing their funds, then come back to shout that crypto is a fraud.

Jon_Hodl

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I don't trade with the intent of turning a profit but if you're looking for a safe way to decide when you should buy and when you should sell, a simple approach is just to dollar cost average and then sell when the price is $X above your average buy price and buy when the price is $X below your average sell price.

For example: If you buy 1 BTC at $100 and the price goes to $110, then sell $10 and then you have $100 worth of bitcoin and $10 of crap, I mean fiat.

If the price then corrects back down to $100, you buy bitcoin with your $10.

With this model, you are always buying whatever is at a lower price with whatever is at a higher price. I believe this is called rebalancing.

Again, I don't trade for profit. I just DCA and HODL with a time horizon of at least 10 years.

xSkylarx

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Quote from: Adamlaria on November 15, 2022, 03:27:01 AM

I am not saying that I want to buy expensive ones, I only dare to buy when the price of Bitcoin rises. Although I know to buy low and sell high. I don't know when the high is. I also generally don't sell my bitcoins. I feel safe looking at it in my wallet. I will probably sell when the cryptocurrency bull market comes. I know now is not a good time to sell. Now is the time to buy.

That is really the point of OP, newbies can only notice it when it is in green days or at high price since newbies thinking that it keeps rising but the problem is that that is already its peak so it will go down again . Also on red days you keep thinking that it be going down so you will not buy again. Though nothing is wrong at buying at high price but newbies tends to rant in social media about it and also they don't do their own research. Try to understand more the price action of bitcoin so that you will know when to buy or sell.

adzino

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At least they invested in bitcoin, right? Maybe when the price was $200, those people couldn't afford to invest, but they were later able to afford when the price was at $1,000. Year after, those who has been holding till 2018, did still make profit. Around x20 which isn't bad. Yeah, if they did buy when the price was cheaper, they would have made more profit, but still wasn't it the price rise that actually encourage them to invest? So don't make fun of them. Encourage them to hold and let them know they did the right thing investing in crypto currencies.

Marcellin9

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I guess humans are deeply irrational and greedy. When Bitcoin prices are high, most people assume they'll keep going up instead of going down. An investment at the time will be rewarded huge. When prices are low, they tend to think Bitcoin is doomed and it'll be a losss if any investment goes in. However, they never realize or intend to realize that the key to any investment is to know when to get in and out. This not only applies to buying Bitcoin, but also to other trade/investment, and even to life. If we see a trade/investment/life as a whole, every dot must be noted and arranged systematically in order to make things work. The misconduct of next move or bad timing will lead to the failure of the whole thing. To know this clearly, we have to battle against our greed and arrogance. Sad truth is that most people don't see this way and make wrong choices at wrong time.

Adamlaria

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I am not saying that I want to buy expensive ones, I only dare to buy when the price of Bitcoin rises. Although I know to buy low and sell high. I don't know when the high is. I also generally don't sell my bitcoins. I feel safe looking at it in my wallet. I will probably sell when the cryptocurrency bull market comes. I know now is not a good time to sell. Now is the time to buy.

jokers10

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Quote from: Gallar on November 13, 2022, 11:17:45 PM

only people who don't appreciate the process who always think like that, their way of thinking is erratic, vacillating, inconsistent and likes to turn directions.
...

Yeap, most people want more money today and feel upset when see how Bitcoin rates to USD are in downward trend. So it is natural that they don't want to buy something that gets cheaper. In the bull market they'll see the opposite process and will be encouraged by upward trend. Psychology. To do not basing on this natural reasons they should learn more about Bitcoin, about investing, about economics, but no one can learn everything. So we'll see the same in the future as human nature hardly changes.

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