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Topic: Buy Low, Sell High - page 12. (Read 3500 times)

hero member
Activity: 2282
Merit: 589
November 16, 2020, 06:58:02 PM
#75
Really ironic and comedy to most, but this is the reality. At $3800, people are still not buying and looking for more dip, and majority are shouting that it is the end of bitcoin.
Only the newbie community shouted that bitcoin would end soon because it was so easily affected by bad news about the cryptocurrency community, now anyone will regret it because the price of bitcoin is getting higher which almost reaches ATH like in 2017 ago.
hero member
Activity: 2968
Merit: 687
November 16, 2020, 06:56:34 PM
#74
Buying cheap and selling high are all investors' expectations. investors buy tokens at low prices and sell at high prices to get alcoin profits, some buy cheap prices and save in the long term waiting for the price of coins to rise and when the price of coins rises then they are sold.
But some people don't really go with the original strategy. when the price starts to rise and there is FOMO many want to buy it and of course they will buy at a high price, but when the price suddenly starts to fall or dump everyone panics and sells it cheaply. This will certainly be very detrimental, the lack of mental readiness when trading will have bad and detrimental effects. Holding on and waiting for the price to rise is better than having to sell it at a low price.
Easy to say but you would need to endure all of the stress and patience would really be mainly tested out.Its easy for that buy low sell high but the thing you had mentioned
which had been part of the reality where people do opposite thing instead.

People do should have that readiness and risk taking decisions because it isn't really easy to accumulate or buy coins when the market is on deep reds.
Even myself would still hesitate on times like these even though im already old into this market or have been in a while.

Most basic but really hard to be done when you are in the actual situation.
hero member
Activity: 798
Merit: 506
November 16, 2020, 06:51:31 PM
#73
It's inevitable as Bitcoin is a speculative asset, people tend to follow the trend on the market, whenever it rises, fomo and greed will take over the emotion and suggest to buy at high, that's what causes bitcoin price to increase over time. We can't blame it, $16,5k isn't the all-time high for bitcoin, the potential of bitcoin isn't limited to the current price, people would love going after $20k before catching the profits in the end. Even there are many predictions regarding bitcoin could reach $100k in 2021, anyone who had the guts to buy now and waited a year, should appreciate his decision.
jr. member
Activity: 448
Merit: 4
November 16, 2020, 06:06:40 PM
#72
Those who invested on march are so lucky they definitely made a lot of money. We know the basic buy low sell high, but I think during those time it was in the middle of the pandemic outbreak all over the world, most of us are scared because that time many were infected and died people are hopeless and unable to think to invest in bitcoin while the price is low. Most people think bitcoin will continue to fall during those times, but they are wrong instead the price has doubled after a few months.
legendary
Activity: 2338
Merit: 1084
zknodes.org
November 16, 2020, 04:19:34 PM
#71
Buying cheap and selling high are all investors' expectations. investors buy tokens at low prices and sell at high prices to get alcoin profits, some buy cheap prices and save in the long term waiting for the price of coins to rise and when the price of coins rises then they are sold.
But some people don't really go with the original strategy. when the price starts to rise and there is FOMO many want to buy it and of course they will buy at a high price, but when the price suddenly starts to fall or dump everyone panics and sells it cheaply. This will certainly be very detrimental, the lack of mental readiness when trading will have bad and detrimental effects. Holding on and waiting for the price to rise is better than having to sell it at a low price.
sr. member
Activity: 2156
Merit: 323
November 16, 2020, 12:22:27 PM
#70
People usually buy when it's too late because they want to be sure that they will gain a good profit not knowing that it won't apply the basic rule of investing in crypto. They want to earn more yet they aren't willing to take all the risks. Sometimes, our greediness also takes us out of the right path which could only lead to losses. Investing isn't about handling our funds but it's also about handling our emotions as well.
People are always in dilemma to make right decision on right time. Since It’s extremely volatile there always some excuse to avoid. If you're going to behave that way, at that point crypto probably won't be for you. Just keep buying BTC on every up and down. If you're doing so, you're on right path.
member
Activity: 504
Merit: 57
November 16, 2020, 12:10:39 PM
#69
As per CryptoWhale:



https://twitter.com/CryptoWhale/status/1327049480483508225

Really ironic and comedy to most, but this is the reality. At $3800, people are still not buying and looking for more dip, and majority are shouting that it is the end of bitcoin.

Fast track to November, the opportunity to scoop cheap bitcoin is no longer present, and yet everyone wanted to join the bandwagon and extremely bullish to even predict a six digits as the next all time high.
That is one of the irony in the greed cryptocurrency trader over rating I use to make that mistake before and at the end I lost almost all my profits of two month's. I have learn my lesson now.
full member
Activity: 1708
Merit: 126
November 16, 2020, 12:01:54 PM
#68
People usually buy when it's too late because they want to be sure that they will gain a good profit not knowing that it won't apply the basic rule of investing in crypto. They want to earn more yet they aren't willing to take all the risks. Sometimes, our greediness also takes us out of the right path which could only lead to losses. Investing isn't about handling our funds but it's also about handling our emotions as well.
member
Activity: 627
Merit: 14
Crypto Article Sharer!!!
November 16, 2020, 11:45:26 AM
#67
Buy Low and Sell High, this is one of the acceptable techniques to gain profit. Those who buy will always low, but those who sell will lose. Again, those who will sell always at a higher price, but those who will buy will be in crisis. I think it functions as a cycle. Everything is adequate if you pursue a procedure. There will be an equilibrium between those who will buy and those who will sell.
newbie
Activity: 1
Merit: 0
November 16, 2020, 10:58:38 AM
#66
Bitcoin for me has always been a buy low sell high vs buy high and sell higher, it almost always disappoints if you chase it.  Wink
hero member
Activity: 2660
Merit: 630
Vave.com - Crypto Casino
November 16, 2020, 10:15:46 AM
#65
well, because most of the people don't understand and learn about Bitcoin market. they just understand how it pumps and dumps. although there are no definite predictions about price of bitcoin, traders' confidence is strong. so that those who are only superficial will not understand. now Bitcoin is at a high. and they just came. I say welcome and enjoy it. hope not make them cry.

People don't want to analyse the market because of being tired to wait in the analyse and they jump in to buy. The losses we have can be part of laziness to have patient. Buying without patients is like planing to fail.
full member
Activity: 896
Merit: 102
-= OI =-
November 16, 2020, 10:14:40 AM
#64
hahahaha ... It's true, and I'm one of them.
In March, many people predict bitcoin will continue to fall, but in fact the price of bitcoin has doubled this month.
But I instead invested at a price like this. And I hope the price of bitcoin will continue to rise until next year, although I'm sure there will be a price correction.
newbie
Activity: 9
Merit: 1
November 16, 2020, 09:59:50 AM
#63
Long-term BTC on-chain indicators still look healthy

Source: https://twitter.com/mason_jang/status/1328273377220411398?s=20
jr. member
Activity: 127
Merit: 1
November 16, 2020, 09:56:08 AM
#62
For those who bought bitcoin in month 2 and 3 for now are very lucky and very happy, maybe they will laugh at people who only join when the price of bitcoin is high. I congratulate those who bought bitcoin in months 2 and 3 who made very high profits.
legendary
Activity: 1316
Merit: 1145
November 16, 2020, 09:41:28 AM
#61
well, because most of the people don't understand and learn about Bitcoin market. they just understand how it pumps and dumps. although there are no definite predictions about price of bitcoin, traders' confidence is strong. so that those who are only superficial will not understand. now Bitcoin is at a high. and they just came. I say welcome and enjoy it. hope not make them cry.
member
Activity: 88
Merit: 24
hero member
Activity: 2478
Merit: 695
SecureShift.io | Crypto-Exchange
November 16, 2020, 09:12:59 AM
#59
As per CryptoWhale:



https://twitter.com/CryptoWhale/status/1327049480483508225

Really ironic and comedy to most, but this is the reality. At $3800, people are still not buying and looking for more dip, and majority are shouting that it is the end of bitcoin.

Fast track to November, the opportunity to scoop cheap bitcoin is no longer present, and yet everyone wanted to join the bandwagon and extremely bullish to even predict a six digits as the next all time high.

The perfect description of crypto community and the behavior, and for the love of me, i still wonder why it is so, people will only start buying when the price is high and not when the price is extremely down, i could member that period many people speculate below $1000, even a guy in a telegram group i follow was so sure about it, i was afraid this speculation will come to reality, but to all our surprise btc did the very opposite, now look at price today, many of us had the golden chance to buy btc at cheap - 3k+   but we didn't, today even at 16k people are busy buying, such an irony Grin
hero member
Activity: 1498
Merit: 586
November 16, 2020, 09:04:30 AM
#58
a very classic words, buy cheap and sell high, I think it can not be identified with bitcoin alone, a natural thing in life.  almost in every business we have, we always imagine a higher return from the capital we have.  however, it is not easy.  not everything we imagine come true, all through a long process.
Isn't that the main concept in trading. And indeed this concept is the most effective among other concepts. although the pattern is normal, I think here we all apply it. so there is no classic word, because it is impossible to buy at a high price and sell at a low price. lol
All activities are transactions, the basic concept of trading will remain the same "buy low, sell high" if you use the opposite concept, you are not a trader.
There will be still some people who will buy even a certain coin is having a HIGH PRICE in the market, that is because of FOMO or fear of missing out, sometimes even the coin price is high it is good to buy it, but be sure that it will not goes down so instantly, so you should learn how to monitor it and read charts so that you don't have any regrets in the future.
full member
Activity: 2548
Merit: 217
November 16, 2020, 07:28:46 AM
#57
meaning there are still plenty of people here that has no full trust in bitcoin,they always have fear and panic each time the market shaken and having a Big price losses.

But they only gather regret than profit,this may serve them a inspiration that after too much dump surely Pumping will come.

This happens how many times yet the attitude is the same,no learning at all.
hero member
Activity: 1778
Merit: 709
[Nope]No hype delivers more than hope
November 16, 2020, 06:18:01 AM
#56
If we think about the concrete reason it is people's buying interest that brought the bitcoin price up to $16k.

Fomo increased the volume of buy orders in many exchanges. On the other hand, some holders expect to sell at new highs and have no interest in selling at this time. That causes the volume of sell orders to be lower and of course pushes the price even higher due to panic buy. If people don't buy now, the volume of sell orders will be more and it will be further away from the $16k price.
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