FOMO is real and it had been scattering like a virus. They won't take the risk and jump forward, instead they wait for the first guy to jump and check if the footing is secured. After that, they still don't have the courage to jump, they will wait for the second guy, the third, and until the millionth one just to prove its credibility.
They always decide when it's already late. I guess more people are having trust issues in this era.
Topic: ㅤ - page 4. (Read 1243 times)
This is the sad reality of the thinking trend with the majority of people.... they do not want to buy when the prices are low, because they think it is collapsing. The Bitcoin price has bottomed out for many months around $20 000 ...so people should have realized now that it possibly the best time to buy now.
They wait until it has significantly recovered and when the media starts to notice... then suddenly people jump in and buy at a much higher price. (making almost zero profits or even losing some money.. when it drops again)
If they don't buy now when the price is so low, then they probably won't buy if the price drops even lower because they'll be waiting for a lower price. But when the market moves up, everyone starts buying, because everything looks very positive, communication comes to life and people convey a positive mood to each other. In this case, part of the profit will be lost, but the majority thinks so. They wait until it has significantly recovered and when the media starts to notice... then suddenly people jump in and buy at a much higher price. (making almost zero profits or even losing some money.. when it drops again)
Well, I might be wrong but I am guessing this set of people don't really have the spare cash for Bitcoin Investment, meaning, they only want to invest or buy Bitcoin only when they see a confirmed uptrend thereby missing out or at the least making a minimal profit and they will complain like you rightly mentioned.
I believe we all agree that it has always been advised to invest what you can afford to lose or what you don't really need in the near future hence some will only wait till the Bull market, however, this does not mean that there are not others that can not make up their minds to buy even when they have the funds because they were fearful and will still want to wait for a confirmed Bull market, either way, bad decision.
I believe we all agree that it has always been advised to invest what you can afford to lose or what you don't really need in the near future hence some will only wait till the Bull market, however, this does not mean that there are not others that can not make up their minds to buy even when they have the funds because they were fearful and will still want to wait for a confirmed Bull market, either way, bad decision.
hahaha, that meme is all over the place on Reddit and Twitter 
maybe the reason why people not buying when cheap is because lack of money and fear when the market continue to drop and why people buy at higher price because they might think the price will continue to Rose
I don't believe it is lack of money, but understanding, if they lack money to buy when it is cheaper, how come they now have money to buy when it is expensive maybe the reason why people not buying when cheap is because lack of money and fear when the market continue to drop and why people buy at higher price because they might think the price will continue to Rose . I believe it is all about the fomo. People like to get money fast without having to wait or be patient, when there is no movement in BTC price people are not encouraged to make any move, but once the train starts to move they get motivated because they see it as a way to make some returns on investment very fast for themselves. These people are the weak hands, they drop off the network when it is crypto winter, and jump on again when it is bull time, they never learn . 
Looks like we may get to buy cheap bitcoin soon after all. The situation with FTX does not look good at all. It has LUNA written all over it. $20,000 is cheap but we might get the chance to buy cheaper in the next week or so, something to keep an eye on.
It’s all a moot point long term though, it won’t matter if you bought at $15,000 or $50,000. We are going to $100,000+ before 2026.
It’s all a moot point long term though, it won’t matter if you bought at $15,000 or $50,000. We are going to $100,000+ before 2026.
This is the sad reality of the thinking trend with the majority of people.... they do not want to buy when the prices are low, because they think it is collapsing. The Bitcoin price has bottomed out for many months around $20 000 ...so people should have realized now that it possibly the best time to buy now.
They wait until it has significantly recovered and when the media starts to notice... then suddenly people jump in and buy at a much higher price. (making almost zero profits or even losing some money.. when it drops again)
They wait until it has significantly recovered and when the media starts to notice... then suddenly people jump in and buy at a much higher price. (making almost zero profits or even losing some money.. when it drops again)
hahaha, that meme is all over the place on Reddit and Twitter maybe the reason why people not buying when cheap is because lack of money and fear when the market continue to drop and why people buy at higher price because they might think the price will continue to Rose
maybe the reason why people not buying when cheap is because lack of money and fear when the market continue to drop and why people buy at higher price because they might think the price will continue to Rose 
The idea that pushes the scenario in OP is the get rich quick idea. It is an idea that has seen so many investors to there downfall because of the stories they might have heard, what is happening on the chats and how they could get in to make the most of it.
Most of them investors forgets its a buy low and sell high principle that guides this business. Suddenly, they get a phobia that when it falls or is low, people seem to believe that it is crashing and not getting to know when the market would be at its dip gives people the idea that it's still going to fall and so they pause on investment. They only want to buy when it's in a bullrun but then, you've lost most of the profit.
Most of them investors forgets its a buy low and sell high principle that guides this business. Suddenly, they get a phobia that when it falls or is low, people seem to believe that it is crashing and not getting to know when the market would be at its dip gives people the idea that it's still going to fall and so they pause on investment. They only want to buy when it's in a bullrun but then, you've lost most of the profit.
This is true and each time people keep falling victims in buying Bitcoin expensively. This is human nature they don't appreciate an asset when it is cheap but they value that same asset when it is expensive and they prefer buying it at an expensive price.
They don't understand the history behind Bitcoin and it's volatile nature. When Bitcoin is in the bear market they become scared that it might end up depreciating till zero so they become sacred of buying,and those that have invested also get scared of losing their asset by selling their Bitcoin Holdings. The same way when Bitcoin hits the bull market they all see it as a means of investing to become rich without having the proper knowledge of Bitcoin and gets disappointed in its bear market.
They don't understand the history behind Bitcoin and it's volatile nature. When Bitcoin is in the bear market they become scared that it might end up depreciating till zero so they become sacred of buying,and those that have invested also get scared of losing their asset by selling their Bitcoin Holdings. The same way when Bitcoin hits the bull market they all see it as a means of investing to become rich without having the proper knowledge of Bitcoin and gets disappointed in its bear market.
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I ask: Have you already bought bitcoin?
Answer: No. I'll wait until he recovers.
Funny enough, i had this experience with a friend of mine today, though not bitcoin but an altcoin i invested in because if its potential, he is a newbie, i helped him to convert our local currency to usdt and got it deposited to an exchange where the coin was listed, hes reason for the deposit was to buy the altcoin in question, after the deposit was successful, he lost interest, said he can not buy the coin because the price is going down, i told him to buy it at that time for it was a good opportunity, he refused and i left him alone, about 2 hours later, the same coin began pumping and in a few hours, did about +23 percent, i reached out to him to inquire if he later bought it, he said no, i mockily asked him if he was ready to buy now that the price is going up( since he could not buy earlier because the price was going down Answer: No. I'll wait until he recovers.
), he said no, that he cant buy it because the price is going up, that he will wait again for price to come back down.Coin already more than doubled the price it was when i told him to buy, and i dont think there is anyway the price will ever come back to the amount it was when i told him to buy.. some people will never learn.
It's true people don't want to buy Bitcoin when it's cheap and increase buy pressure when starting a bull run. It's this circle repeat always as we have seen. There is a reason why people don't want to jump when Bitcoin is cheap. That's nothing else except panic. When the market becomes too red and increases sell pressure, people become panic and dare to buy it. They think Bitcoin would dump more and more. So we might lose a lot. But when start green, a FOMO work there and people start buying. You would notice many threads during the Bitcoin bull run that they should buy or not. But they automatically become afraid due to the red market and don't buy on the dip.
-snip-
The only solution is to learn more by reading or learning from experience (though this is really hard, it's because you will lose money on it).
People will say, "learn from experience" but they also don't realize that other people have had that experience first. Studying the experiences of others will prevent the same from happening. Although this looks naive but we need to do it. The only solution is to learn more by reading or learning from experience (though this is really hard, it's because you will lose money on it).
Ordinary people forget about how to put the right mindset about buying bitcoin. Not just buying, but also understanding what they are buying.
When all the hype comes up and bitcoin is at a high price they will realize they have to buy bitcoins, but they are not ready when bitcoin starts to fall. psychologically they will be disturbed and more inclined to sell it hoping to continue going down.
During the bear market, there are still a lot of doubts because they are afraid that when they buy the price will go down
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Classical FOMO, expecting better conditions and waiting for them. But in fact it is impossible that all can buy at the bottom and to sell at the top. So IMO it is better to consider if it is a good price for you at the moment or not and to act basing on that reflections. And not to worry about conditions were not optimal.
People will remember when the price was high but will forget when the price went down, but when the price drops now they are still hesitant to buy, they are afraid the price will fall again, so I say they are not mentally strong enough to invest in bitcoin.
So there are still many around me buying higher bitcoins and selling at low prices because they panicked for fear of a big loss and eventually sold everything, I've seen some of my relatives who are unable to survive the erratic fluctuations in bitcoin prices.
So there are still many around me buying higher bitcoins and selling at low prices because they panicked for fear of a big loss and eventually sold everything, I've seen some of my relatives who are unable to survive the erratic fluctuations in bitcoin prices.
It is like they will first notice your mistakes than your good deeds. This is really the issue, since before they were mostly buying at the peak and selling it when it was dropping, and they would say Bitcoin was a scam. That people who don't trust bitcoin or don't know it well will panic sell it if the price drops. The only solution is to learn more by reading or learning from experience (though this is really hard, it's because you will lose money on it).
True the availability of funds for present and future plan is one of the reason why some people are not buying during this bear market but for those who have funds still avoid to buy Bitcoin because they think they are catching a falling knife. Little that they know that they regret skipping this bear market because Bitcoin is bound to greater heights every cycle.
We are not talking about one or two people as this should be of a general nature which is mostly affected by inflation. I absolutely don't want to avoid buying at low prices if I have good financial conditions, for personal reasons it's because I believe bitcoin's good in future based on its history. Bitcoin as an investment and trading asset, bitcoin is also good as a store of value asset.There are lot of people have to buy and are even buying bitcoin right now for less than $20K in the last few months, but I don't think they need to announce it. It would be good to remain silent for any asset we currently have regardless of how much it is worth.
Years pass, cycles pass, but nothing changes.
The only thing that changes is the correction process, even though the same cycle occurs over and over again, the uniqueness of bitcoin lies in this kind of cycle.Quote
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
There is a kind of skepticism when people buy bitcoins at high prices, that's normal and happens often, because most people don't know what a cycle is, even though bitcoins can be bought in the market at any price.But when people make the wrong buying strategy, it will happen and will be labeled "Bitcoin is a pyramid scheme and a scam". The fault lies in determining the strategy and entering the market at the wrong time.
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I ask: Have you already bought bitcoin?
Answer: No. I'll wait until he recovers.
Recovery in this case is still quite speculative, whether the person intends to buy bitcoin at $60k, $50k, $40k and or at what price.Answer: No. I'll wait until he recovers.
Fortunately until now I personally have bitcoin, although not too much and still making purchases gradually. For me bitcoins are too much fun to keep slowly accumulating.
I ask: Have you already bought bitcoin?
Answer: No. I'll wait until he recovers.
Answer: No. I'll wait until he recovers.
Never heard that version, though of course I don't usually ask that specific question (I never initiate, but when it does get to my turn, I do ask something along the lines of "what's your take?".
The most common answers?
- Too expensive, I'm trying ABCshitcoin instead it's still XYZ cents.
- Nah, it already went up to ATHa, no way it's recovering.
People will remember when the price was high but will forget when the price went down, but when the price drops now they are still hesitant to buy, they are afraid the price will fall again, so I say they are not mentally strong enough to invest in bitcoin.
I once thought about this, if I buy bitcoin then my instincts have thoughts, maybe this is what you mean, if this goes down again then I will suffer losses, but as time goes by, I just understand that this is the Bitcoin trading system, if I have thinking like that continuously then it will make me panic, so I decided to learn to sharpen my mental, in recent times to buy at a price that is really the lowest, if the price continues to decline then it's my decision to trade in Cryptocurrencies. .
The title really excited me but when I saw the pictures I knew the point before I read the topic, yes unfortunately this is the case for most people in all bitcoin cycles, when prices are cheap, people are very hesitant to buy and start to get bored and doubt whether bitcoin will rise? But when prices suddenly rise, they start the race to buy at exorbitant prices after they have missed the cheap price train. They regret every time but unfortunately they don't learn.
People will remember when the price was high but will forget when the price went down, but when the price drops now they are still hesitant to buy, they are afraid the price will fall again, so I say they are not mentally strong enough to invest in bitcoin.
So there are still many around me buying higher bitcoins and selling at low prices because they panicked for fear of a big loss and eventually sold everything, I've seen some of my relatives who are unable to survive the erratic fluctuations in bitcoin prices.
So there are still many around me buying higher bitcoins and selling at low prices because they panicked for fear of a big loss and eventually sold everything, I've seen some of my relatives who are unable to survive the erratic fluctuations in bitcoin prices.
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