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Topic: Buy low, Sell high? - page 12. (Read 1783 times)

full member
Activity: 1834
Merit: 166
January 24, 2022, 01:04:16 AM
#51
We have heard this term many times but in practical it's hard to say which is the right moment to sell or buy and it all depends on our profit/loss point.Like you could make profits at $45k or $60k if you have bought low but it's you who will decide whether to hold or sell and vice versa for the loss.

The market will always say to buy at low but you will have to decide at what low level you can or are willing to invest as it's personal decision.Try to have more during dips and sell some at profits.
sr. member
Activity: 1344
Merit: 253
January 24, 2022, 01:00:58 AM
#50
if you look at the current conditions it may be a low price from the previous peak. but it's still higher than the peak in 2017. That's what makes us hesitant to buy. but for me buying gradually from now on is the right solution, because we don't know when this bearish will end, so it will be regret if we miss opportunity after opportunity 
legendary
Activity: 2898
Merit: 1253
So anyway, I applied as a merit source :)
January 24, 2022, 12:24:56 AM
#49
That's why many people suffer big losses because they panic too much about this downturn in the crypto market. The panic that occurs will not change the market situation but will instead make the market more chaotic if many do panic sell.
Without panic sellers, the cunning ones will not get the discounted prices to buy bitcoin. Grin

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So stop harming yourself and stay patient waiting for the crypto market to recover.
This is not a bad option either. Not everyone has money at hand to buy coins at this time. For them patience remains the key.

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This is a moment that we can use to buy coins at low prices, this is not bullshit but it's a fact that buying low prices and hold on to the price until the price rises again. so from now on don't be easily influenced by the ups and downs of the crypto market because it will make us panic.
During such times if you visit the casino trollboxes, you will see people complain that bitcoin is dead like as if a doomsday is happening. Thing is that it is human nature to panic like that. But we need to take advantage of the panic to buy at possible prices that we could not in a bull market. I would be very happy if price drops below 30k, because then I could buy at low. But I am sure someone reading this might feel bad about my opinion.
full member
Activity: 1092
Merit: 227
January 23, 2022, 11:57:06 PM
#48
If many investors think that bitcoin is still costly to buy then they have the option from hundreds of legit altcoins too. It’s none like they don’t have options to buy at cheaper cost. All they want is bitcoin to be bought at hundreds of dollars and begin the journey towards million dollar. That thing was from the past and it’s not gonna come back.

It’s better to amplify the portfolio with alts now if you don’t have money but stop saying that though the crypto is at discounted but it’s not worth it.

Everything is possible right this movement.
legendary
Activity: 3164
Merit: 1127
Leading Crypto Sports Betting & Casino Platform
January 23, 2022, 06:44:03 PM
#47
I keep seeing a lot of people who are fearing the price right now, many people who are getting out, and plenty that thinks it will crash even harder.

well people still haven't forgotten what happened in 2016 to 2017, yes I'm talking about the drop from $20,000 to $3000, of course today we are seeing the price reach $69000

Why does everyone think the same?

like I said: 2016 to 2017 is still in people's memory

However, if tomorrow the price starts to go up, and if the price reaches 70k in 2022, then you should remind yourself this day when the price was under 40k, and you felt fear instead of hope. Because prices always go down before it starts to go up. I can't promise that it will right away, but I am not selling, in fact, I am buying more. Focus on what can happen, and not what has happened, that way you can have some hope for the future.

man this is not something guaranteed to happen and even if it does it could also take many years so the best thing people can do is take the money they know they can afford to lose and buy it now that the price has dropped so much
sr. member
Activity: 1498
Merit: 443
January 23, 2022, 06:33:53 PM
#46
That's why many people suffer big losses because they panic too much about this downturn in the crypto market. The panic that occurs will not change the market situation but will instead make the market more chaotic if many do panic sell. So stop harming yourself and stay patient waiting for the crypto market to recover. This is a moment that we can use to buy coins at low prices, this is not bullshit but it's a fact that buying low prices and hold on to the price until the price rises again. so from now on don't be easily influenced by the ups and downs of the crypto market because it will make us panic.
hero member
Activity: 2562
Merit: 586
January 23, 2022, 04:35:58 PM
#45
I agree with you 100%. The bitcoin price right now is at 35,000 USD, instead of thinking that we should be selling we should rather be buying. It helps to put everything into perspective, are we really afraid that the price will drop down to 20,000 USD? Or even lower? Personally I don't think so, the recovery is just around the corner. I actually wanted to buy more alt coins in 2022, but with these levels I rather go for bitcoins. I am not saying that prices couldn't drop further in the short term, that's why we should split our money. Buy some coins in January and then some in February or March again. Like this we can take advantage of the cheapest prices. And even if bitcoins rally again in a few weeks, we at least didn't sell like many others.
It’s not like I’m expecting the market to go up anytime soon, even if it’s going to take some years before we see another bull run, I’m ready to hold my coins till then. I always make sure to follow the rule of investing when the market is bearish, then I always hold it for as long as it will take for the market to start another uptrend.

In the past few years I was able to invest as much as I can while the market was low, and I waited till we had the last bull.  Although I almost got discouraged during the covid19 pandemic, and when the market was going down I felt like I should sell my coins, because things seemed to be getting out of hand then. But luckily I changed my mind and still decided to keep holding, because I had the belief that the market would still get back in a better way.
sr. member
Activity: 1666
Merit: 268
January 23, 2022, 04:22:32 PM
#44
I keep seeing a lot of people who are fearing the price right now, many people who are getting out, and plenty that thinks it will crash even harder.

 Why does everyone think the same? I mean it shouldn't be like this right? I have been long enough to hear "buy low, sell high" a million times so far, and it has always been said when the market is low, but for some reason, people still do not feel hopeful when the price is low.

 I am not going to make your investments for you, it is not my decision to sell or buy for you, if you want to get out right now and feel scared then you should do that, it is your money and only you can decide that.

 However, if tomorrow the price starts to go up, and if the price reaches 70k in 2022, then you should remind yourself this day when the price was under 40k, and you felt fear instead of hope. Because prices always go down before it starts to go up. I can't promise that it will right away, but I am not selling, in fact, I am buying more. Focus on what can happen, and not what has happened, that way you can have some hope for the future.
There are currently many newbies in this space who don't really understand the language of the market yet, some this new guys buy for example bitcoin with the hope that it can only go up, but if they are unfortunate and price begins to go down, they panic and sell thinking the price might go down further which some times is true and some other time it's not.
One other thing we should also understand is that the set of people who fall in the category above are not real investors, they are people seeking for some quick price, a real investor buys and set a sell target price, and they can sell it below their selling target no matter how the market fluctuations is or how bad it is.

Before deciding to invest or trade crypto, first learn everything about the crypto world well. So at least understand how the crypto world works,
then we will understand that crypto prices are very volatile, so finally understand the price of crypto will not always go up. Then when the price of
crypto goes down can understand it's the right time to buy, we don't need to panic to see a market crash as long as the coins we choose are good
and potential, we have to hold the coins we have until the market goes up again. The most important thing is to be able to understand that crypto
will not make us rich instantly, so it does require patience if we really want to get rich from crypto, because sometimes we need to experience several
losses first to realize the mistakes we made when investing and trading crypto. The conclusion is that investing and trading crypto is not as easy as
we imagine, there are many processes that must be passed to become a successful investor or trader.
hero member
Activity: 3164
Merit: 675
www.Crypto.Games: Multiple coins, multiple games
January 23, 2022, 04:09:26 PM
#43
...Why does everyone think the same? I mean it shouldn't be like this right? I have been long enough to hear "buy low, sell high" a million times so far, and it has always been said when the market is low, but for some reason, people still do not feel hopeful when the price is low...
The fact is that you will be able to buy at a low price only if you sold your coins at a high price before that. But many traders did not sell their coins at a high price and now continue to hold them and simultaneously experience Fomo. And accordingly, they cannot make new purchases, since they do not have the capital for this.
If they do not have capital to get back in, that is their own problem, isn't it? I mean if you put every single thing you own into bitcoin at a single price than it is your own fault. I personally keep some money aside each month, and buy crypto, and even with that I put 10% aside in BUSD.

So, I grow my cash size each month, and I grow my crypto month each month. However, even if you can't do this, even if your salary is too small to keep buying, then you could just put some of your money aside instead of buying all in. People who spend all of their money in a single investment and then cry that they do not have enough money to buy when it drops made a mistake, and that is why it is their problem.
sr. member
Activity: 2506
Merit: 368
January 23, 2022, 03:54:30 PM
#42
...Why does everyone think the same? I mean it shouldn't be like this right? I have been long enough to hear "buy low, sell high" a million times so far, and it has always been said when the market is low, but for some reason, people still do not feel hopeful when the price is low...

The fact is that you will be able to buy at a low price only if you sold your coins at a high price before that. But many traders did not sell their coins at a high price and now continue to hold them and simultaneously experience Fomo. And accordingly, they cannot make new purchases, since they do not have the capital for this.
It's because some people are greedy so they like to hodl longer than to sell to make some profit, they want to maximize their profit. The probability of making a profit on an uncertain price movement/prediction has a high risk results. So basically, some of them are just gambling and not actually trading.

I bet there will be some people who would panic during the correction or dip and eventually would sell low due to panic. It never gets old once you used to see them doing it over and over for a year.
legendary
Activity: 2422
Merit: 1083
Leading Crypto Sports Betting & Casino Platform
January 23, 2022, 03:32:21 PM
#41

 I keep seeing a lot of people who are fearing the price right now, many people who are getting out, and plenty that thinks it will crash even harder.

 Why does everyone think the same? I mean it shouldn't be like this right? I have been long enough to hear "buy low, sell high" a million times so far, and it has always been said when the market is low, but for some reason, people still do not feel hopeful when the price is low.

 I am not going to make your investments for you, it is not my decision to sell or buy for you, if you want to get out right now and feel scared then you should do that, it is your money and only you can decide that.

 However, if tomorrow the price starts to go up, and if the price reaches 70k in 2022, then you should remind yourself this day when the price was under 40k, and you felt fear instead of hope. Because prices always go down before it starts to go up. I can't promise that it will right away, but I am not selling, in fact, I am buying more. Focus on what can happen, and not what has happened, that way you can have some hope for the future.
There are currently many newbies in this space who don't really understand the language of the market yet, some this new guys buy for example bitcoin with the hope that it can only go up, but if they are unfortunate and price begins to go down, they panic and sell thinking the price might go down further which some times is true and some other time it's not.
One other thing we should also understand is that the set of people who fall in the category above are not real investors, they are people seeking for some quick price, a real investor buys and set a sell target price, and they can sell it below their selling target no matter how the market fluctuations is or how bad it is.
legendary
Activity: 2534
Merit: 1338
January 23, 2022, 03:07:13 PM
#40
It's the nature of humans.

When they see the price starts going down, interest from it is becoming lesser. We don't like to see the market going down after it has gone high. But when it does, we're starting to have that feeling that the market would die eventually.

We're thinking of the worst-case scenario yet, we call ourselves investors and not willing to take the current paper loss that we should experience from the market.

I'd say that this is normal.
It is natural and it is to be expected, which is why so many people believe the markets play mind games against them, the whales are experts at reading the markets and if they see they can get an advantage by manipulating weak hands then they will take it, which is why following what everyone else is doing is a bad idea if you are an investor or a trader, after all I am sure that while a lot of weak hands are selling their coins now the whales are doing the opposite.
legendary
Activity: 2716
Merit: 1225
Once a man, twice a child!
January 23, 2022, 02:21:57 PM
#39
but for some reason, people still do not feel hopeful when the price is low.
I made a post in another thread on something similar and my thought (in conclusion) was that those who are likely hearted shouldn't be in cryptos. Nevertheless, I know that it's unconventional for investors not to despair when assets they're hodling are dipping. However, there should be exceptions where investors also utilize opportunities provided by market dip to make more profit or restrategize and get more tokens of whatever assets they're hodling. If a token I'm hodling begins to dip, I look for ways to average the loss. It's DCA – Dollar Cost Average. I buy more.
sr. member
Activity: 2604
Merit: 338
Vave.com - Crypto Casino
January 23, 2022, 12:38:23 PM
#38
Many crypto traders are ready to buy,but they don't know when the price will hit the bottom,so they could buy at the bottom level.
The thing about Bitcoin/crypto in general is that when the price goes down(for instance 30K),everyone is expecting a further crash to lower levels,almost nobody is expecting a fast recovery.The same thing applies to the bull runs.When the price reached 68K,everyone was expecting a new pump to 70-80K,rather than going back to 50,40 or even 30K USD.That's just the way human psychology works.
The sellers are selling,but most of the buyers are waiting.This leads to the price dropping.
 
Because that is what we mostly see, once started to decline, it dumps more. Some people had to think about recovering fast but they just fail. That is really how the trend goes on, can't just think all the way in positive, sometimes we think about the negative thing as well. It wasn't wrong anyway unless we are panic and sell our crypto during that time.

Buy low, sell low
Buy high, sell low

This actually happens sometimes.
A very common mistake to have or to commit out and there are no exemptions even if you are a noob or veteran on this market.You would definitely be still able to experience these Buy high sell low situation.

This is where experience and knowledge do matters on where you do at least aware on what you should gonna do even though emotions would be your primary problem or would be hindrance.

Although it is really easy to say that buy low sell high but when you are already on the actual situation then this is something that cant really be predicted.

legendary
Activity: 2268
Merit: 1655
To the Moon
January 23, 2022, 08:09:06 AM
#37
...Why does everyone think the same? I mean it shouldn't be like this right? I have been long enough to hear "buy low, sell high" a million times so far, and it has always been said when the market is low, but for some reason, people still do not feel hopeful when the price is low...

The fact is that you will be able to buy at a low price only if you sold your coins at a high price before that. But many traders did not sell their coins at a high price and now continue to hold them and simultaneously experience Fomo. And accordingly, they cannot make new purchases, since they do not have the capital for this.
hero member
Activity: 2702
Merit: 716
Nothing lasts forever
January 23, 2022, 07:55:24 AM
#36
You are quite right here but to be honest not everyone has the capability to hold strong.
Most of the newbies in the market tend to do panic selling due to FUD and eventually end up in losses.
Only the strong believers and long term holders have diamond hands to hold strong.
They don't realize that these are the times when we have to buy the dip and accumulate more at lower prices.
hero member
Activity: 2982
Merit: 610
January 23, 2022, 07:20:39 AM
#35
Many crypto traders are ready to buy,but they don't know when the price will hit the bottom,so they could buy at the bottom level.
The thing about Bitcoin/crypto in general is that when the price goes down(for instance 30K),everyone is expecting a further crash to lower levels,almost nobody is expecting a fast recovery.The same thing applies to the bull runs.When the price reached 68K,everyone was expecting a new pump to 70-80K,rather than going back to 50,40 or even 30K USD.That's just the way human psychology works.
The sellers are selling,but most of the buyers are waiting.This leads to the price dropping.
 
Because that is what we mostly see, once started to decline, it dumps more. Some people had to think about recovering fast but they just fail. That is really how the trend goes on, can't just think all the way in positive, sometimes we think about the negative thing as well. It wasn't wrong anyway unless we are panic and sell our crypto during that time.

Buy low, sell low
Buy high, sell low

This actually happens sometimes.
hero member
Activity: 3164
Merit: 937
January 23, 2022, 07:06:43 AM
#34
Many crypto traders are ready to buy,but they don't know when the price will hit the bottom,so they could buy at the bottom level.
The thing about Bitcoin/crypto in general is that when the price goes down(for instance 30K),everyone is expecting a further crash to lower levels,almost nobody is expecting a fast recovery.The same thing applies to the bull runs.When the price reached 68K,everyone was expecting a new pump to 70-80K,rather than going back to 50,40 or even 30K USD.That's just the way human psychology works.
The sellers are selling,but most of the buyers are waiting.This leads to the price dropping.
 
hero member
Activity: 3010
Merit: 666
January 23, 2022, 04:11:46 AM
#33
I agree with you 100%. The bitcoin price right now is at 35,000 USD, instead of thinking that we should be selling we should rather be buying. It helps to put everything into perspective, are we really afraid that the price will drop down to 20,000 USD? Or even lower? Personally I don't think so, the recovery is just around the corner. I actually wanted to buy more alt coins in 2022, but with these levels I rather go for bitcoins. I am not saying that prices couldn't drop further in the short term, that's why we should split our money. Buy some coins in January and then some in February or March again. Like this we can take advantage of the cheapest prices. And even if bitcoins rally again in a few weeks, we at least didn't sell like many others.
I believe there is no such low below $20,000 but probably it reaches below $30,000. And yes, instead of deciding to sell, it is better to just hold and wait for the recovery. I insist this will be the ideal way to make a profit otherwise, we just end up losing.
I hope that early investors could extend their patience and are able to understand the situation. Too bad that they enter the market in this crisis and we never know how long it will recover which could be hard for them especially when they are thinking for a profit after buying.
hero member
Activity: 1974
Merit: 534
January 23, 2022, 03:38:40 AM
#32
I agree with you 100%. The bitcoin price right now is at 35,000 USD, instead of thinking that we should be selling we should rather be buying. It helps to put everything into perspective, are we really afraid that the price will drop down to 20,000 USD? Or even lower? Personally I don't think so, the recovery is just around the corner. I actually wanted to buy more alt coins in 2022, but with these levels I rather go for bitcoins. I am not saying that prices couldn't drop further in the short term, that's why we should split our money. Buy some coins in January and then some in February or March again. Like this we can take advantage of the cheapest prices. And even if bitcoins rally again in a few weeks, we at least didn't sell like many others.
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