When there is a wrong financial management or wrong investment strategy, then the fear of staying long in the market when it is going sideways becomes a trouble to them. Because of this reason, and maybe some other reasons closely related to the finance of their everyday life, they jump out early to avoid going down deep, forgetting the patter that the crypto market has been using over the years. The market has been in this range level for some period of time now, and when things like this happens, something new is really wanting to take place in the closest of time.
The fear of lossing everything now is actually the fact of remaining stagnant when the train moves. I am not yet a big time investor, but I understand the market a bit more better than some years back, this is the right time to play by the rule buy low, sell high and be happy with the actions taken.
Topic: Buy low, Sell high? - page 14. (Read 1783 times)
Yes it's easy to comment "buy low and sell high" in this forum as well as other forum and it's common line used for stock market as well but it's really difficult to implement I would rather say it should be replaced with "plan properly and have patience". All we need is a proper plan and clear concept when we are going to buy and when are we going to sell, some of the people either buy just because others are buying wherein some just keep on waiting forever and regret they could have invested. So it's FOMO verses Fear of losing money which can be eliminated only with a strong planning and proper execution about our buy and sell value and duration.
We are in the perfect scenario right now as the crypto prices are definitely low which gives us good opportunity to buy at a very affordable price. As we keep on saying buy low and sell high, so this is it. Instead of panicking, why not we'll just invest our time and effort into buying more of those potential coins that will certainly become more profitable in the future. If we are hoping to reap huge rewards in the future, then we should start doing the right thing now as buying is the best thing to do. The problem is we don't take a lesson from our past. We just forgot our past and that's human behavior. Don't forget past is cryptologic. How many times does Bitcoin drop and pump in front of us? Did we take advantage? Most of our answers will no. However, once a time I was panicking as well when see the price start dump. But day by day I learn from my past how missed opportunities to accumulate crypto at a lower price. So from now, I don't become panic and try to accumulate step by step though I don't just jump with all of my portfolios. A part of my funds just reserve for accumulate in more dip. So yes, I try to accumulate when the price starts to dump and sell it at a high price.
One thing that would be molded out is your awareness and experience and its impossible for someone not to remember out these scenarios and didnt make out even just single learning from it?Buying low and Selling high might really be very basic to hear off but doing it would be totally completely a very hard to be done since it cant be possible on dealing an unpredictable market.
But once you do attain some experience then you do know at least on how the market behaves and act according to it on every scenario.
Focus on what can happen, and not what has happened, that way you can have some hope for the future.
This is the focus actually for investment. The future is what investors should be looking at and invest in coins with potential. Rather than fear we need courage because cryptocurrency is a new discovery this is the reason that it is a good investment area. Catch them young is the phrase, invest now for the future.
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.
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.
As we are not sure about the market and the market is volatile, its always advised to invest then and there. Just buy at the current price and go for a long term investment. Often our analysis might not be correct and we might waste our time in waiting for the price to go down. The price might move up. So just invest then and there. Set up a minimal profit so that often you will get profit and can shift among other coins.
Well, who is investing, in the long run, should do it here and there, when the price is up or down... simply one day, if Bitcoin reaches some incredibly high price, which is possible, it will not be so important did someone bought at $30k or $40k... I guess that works for all other cryptocurrencies with high potential!
But when it comes to short-term gains it's important when are you buying and selling, wrong timing is a sure loss! In these bearish times, it's hard to make a choice, to short it or this is bottom and we should buy?! Trader's neverending dilemma! I sold a long time ago, now I am waiting for the right time for buying... I think we will see Bitcoin at lower levels, I will probably make my buys when the price gets closer to $30k... but it's just me and my opinion, nobody knows what will happen next!
Back to the concept when we want to buy, deciding everything means we agree if after we make a purchase the price drops. Do you want to decide to sell it again? Therefore, always set a target futures, you buy at this time even if the price immediately drops all you need to do is go after buying and ignore the daily decline. Because getting to know the price every time will only drop our target. That's the ideal, but all no one knows the market is always unpredictable. It just takes patience and not easily influenced by things that do not contribute to our trading. You are buying, you are also selling, not because there is coercion when prices drop drastically.
As we are not sure about the market and the market is volatile, its always advised to invest then and there. Just buy at the current price and go for a long term investment. Often our analysis might not be correct and we might waste our time in waiting for the price to go down. The price might move up. So just invest then and there. Set up a minimal profit so that often you will get profit and can shift among other coins.
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.
Worst decision. If you bought at a high price then better leave it as it is. They are just giving themselves more to think about. If they sell now and suddenly it pumps up it would be a heartache. 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.
Not everyone thinks the same. It's just that most have a weak hand. They are worried and perhaps what they risk is their savings that has something to do with their everyday budget. Wrong financial management. 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.
It's their money and we cannot do anything if they decided to out. All we could do is to provide something like what you did here. Create positivity out of the bear market which is the right thing for me. Too much FUD consumes their initial mindset and they forgotten what the plan should be. 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.
The problem is we don't take a lesson from our past. We just forgot our past and that's human behavior. Don't forget past is cryptologic. How many times does Bitcoin drop and pump in front of us? Did we take advantage? Most of our answers will no. However, once a time I was panicking as well when see the price start dump. But day by day I learn from my past how missed opportunities to accumulate crypto at a lower price. So from now, I don't become panic and try to accumulate step by step though I don't just jump with all of my portfolios. A part of my funds just reserve for accumulate in more dip. So yes, I try to accumulate when the price starts to dump and sell it at a high price.
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.
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