You said right but here few questions I have.
1. What do you mean by high prices?
Note: Bitcoin price is already high from its beginning.
2. Why do they buy bitcoin, when the price is raising?
Note: When they research a few days when its value is increasing from before, that time they hope it continues to increase. For that time they're investing there.
3. Why they don't buy, when the price is decreasing?
Note: At that time they hope the price is decreasing. Also, it will be decreasing more that more.
Topic: in my opinion don't buy crypto at high prices (Read 402 times)
...what do you think causes people to behave like that, namely always buying at high prices,? but when the price is cheap he doesn't want to?
The main reason when a coin is bought at a high price is greed. In such cases, the beginner is possessed by Fomo and he calculates how much would be able to make a profit if he held this coin. When the price is low, fear is the main reason not to make purchases, as the price may decrease even more.
I often see the crypto market, and lots of people are buying and selling bitcoin and altcoins.
and I often laugh when I see people buying crypto when the price is going up, and why not buy it when the price of the coin is going down. and not long after that the price of the coin dropped, meaning that the person who bought the coin could be said to have suffered a loss if the intention was for short-term investment.
and I have advice for beginners, don't buy crypto at high prices, so buy at low prices. so that we have maximum profit. so when the price is bear we have to use this opportunity so that we can get maximum profit in the future,
so don't panic when the price is high to buy, and don't panic to sell when our coin drops in price.
and have the courage to buy when the price is down.
I want to ask everyone?
what do you think causes people to behave like that, namely always buying at high prices,? but when the price is cheap he doesn't want to?
and I often laugh when I see people buying crypto when the price is going up, and why not buy it when the price of the coin is going down. and not long after that the price of the coin dropped, meaning that the person who bought the coin could be said to have suffered a loss if the intention was for short-term investment.
and I have advice for beginners, don't buy crypto at high prices, so buy at low prices. so that we have maximum profit. so when the price is bear we have to use this opportunity so that we can get maximum profit in the future,
so don't panic when the price is high to buy, and don't panic to sell when our coin drops in price.
and have the courage to buy when the price is down.
I want to ask everyone?
what do you think causes people to behave like that, namely always buying at high prices,? but when the price is cheap he doesn't want to?
The cryptocurrency market is not always the same and constantly goes up and down.So those who want to buy and invest in any coin must buy the coin at the right time at a low price.Then success means you can earn from the coins.However, one thing to keep in mind is that investing in crypto-currencies must involve risk.
Everyone has actually said what can be said. It's not easy to know that the price of a coin is high, because we can't see the future. But we can predict what's going to happen with certain data. Personally I would buy Bitcoin no matter what the price is because I know it will rise in the long run. That's why I bought Bitcoin when it was $100, $10k or $50k. There are many different factors for altcoins, but for Bitcoin I can safely say that there is no need to be afraid to buy at current prices. Of course you should do your own research and I don't advise anyone on their investment.
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and I have advice for beginners, don't buy crypto at high prices, so buy at low prices. so that we have maximum profit. so when the price is bear we have to use this opportunity so that we can get maximum profit in the future,
so don't panic when the price is high to buy, and don't panic to sell when our coin drops in price.
and have the courage to buy when the price is down.
so don't panic when the price is high to buy, and don't panic to sell when our coin drops in price.
and have the courage to buy when the price is down.
Just because a coins is low in price doesn't mean it's the perfect opportunity for buying and just because a coin is high in value shoudn't discourage you from purchasing it. What matters most in the industry is the supply of a project (preferably the circulating supply). As you can see with Bitcoin, Bitcoin only has 21 million coins that can ever exist and enter the market so it doesn't matter if it's been priced at $100k or above, it's still cheap as the price is designed to keep on appreciating as the demand increases.
Also buying a coin that is down can be very danger especially when they aren't Bitcoin as there's no guarantee of the coin recovering with the general market which is why people tend to wait for the trend to turn bullish then fomo into the market. Nobody would want to but at the highs, everyone you see will always want to get the coins at their bottoms but with cryptocurency, you can never be too sure which price is the bottom therefore the best advice for investing has always been to dollar cost average instead of investing one time.
You need to study there the tokenomics of the project. Cause its based on its circulating supply, price point in which its started or does it have a sale or private sale price. You could determine if its overprice or underprice based on these parameters. Like example its supply is 1000 tokens only 1 token might be price at 50k each cause of very small supply but it doesnt mean its expensive since they are very limited shares. Also the marketcap does it relate to the current price and project stance. You need to study all of these.
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I want to ask everyone?
what do you think causes people to behave like that, namely always buying at high prices,? but when the price is cheap he doesn't want to?
those who always buy when the price goes up usually get FOMO buying and those who usually sell when the price goes down usually get FOMO selling. So broadly speaking, these two activities are said to be FOMO, and that happens because the person does not have the ability to manage the information that enters their mind. I want to ask everyone?
what do you think causes people to behave like that, namely always buying at high prices,? but when the price is cheap he doesn't want to?
for beginners, make it a habit to find out in advance what to buy, and don't buy or sell out of fear. You are just wasting your money and time if you buy carelessly, buying bitcoins for beginners is highly recommended.
I often see the crypto market, and lots of people are buying and selling bitcoin and altcoins.
and I often laugh when I see people buying crypto when the price is going up, and why not buy it when the price of the coin is going down. and not long after that the price of the coin dropped, meaning that the person who bought the coin could be said to have suffered a loss if the intention was for short-term investment.
Choosing when to buy and sell crypto assets, of course, varies from one investor to another. and I often laugh when I see people buying crypto when the price is going up, and why not buy it when the price of the coin is going down. and not long after that the price of the coin dropped, meaning that the person who bought the coin could be said to have suffered a loss if the intention was for short-term investment.
Buying Cryptocurrency when prices are low is highly recommended, but at certain times investors often take advantage of bullish conditions to take profits. I don't see this as a mistake, Crypto assets that go up and down easily make it difficult for traders to predict their prices. Even if the market is going against the grain, the trader's initial intention remains "Buy when the price is low and sell when the price is rising".
You can't always get profit and you won't always lose. Cryptocurrency investment is like a double-edged sword, besides being able to provide large profits, price fluctuations can be a nightmare for investors.
and I often laugh when I see people buying crypto when the price is going up, and why not buy it when the price of the coin is going down. and not long after that the price of the coin dropped, meaning that the person who bought the coin could be said to have suffered a loss if the intention was for short-term investment.
for the purchase of Bitcoin or other crypto assets. everyone has their own goal. those who buy gradually when they have more money than their salary and for long term investment. they will not see the price conditions, what they pay attention to is the accumulation of the number of assets they have. they will not be too concerned about asset price fluctuations.and those others aim to buy and save a few moments. and then trade when it has made a profit in a short time. they wait for the pumping moment to come.
everyone has their way of holding or trading the assets they own. there is nothing strange or funny in such an attitude.
When you say don't buy high, it depends on how big the target is to reach.
High prices vary greatly, the current high price cannot be a benchmark for whether it is too expensive or not.
Buying bitcoin at the high price of 2018 of course at that time will not be good because you are only looking at the long term. But when you start holding bitcoin at that high price until now, of course quite surprising, you will get a lot of benefits.
People who enter at high prices without enough knowledge about bitcoin are just driven by FOMO so they buy too expensive at the time and they end up panicking and then cutting their losses. Cut Loss is what will harm everyone. If held for the long term, it is still possible to get profits.
Beginners will assume the current $24k Bitcoin price is high, but we'll see the next high when bitcoin starts bullishly and reached new ATH.
High prices vary greatly, the current high price cannot be a benchmark for whether it is too expensive or not.
Buying bitcoin at the high price of 2018 of course at that time will not be good because you are only looking at the long term. But when you start holding bitcoin at that high price until now, of course quite surprising, you will get a lot of benefits.
People who enter at high prices without enough knowledge about bitcoin are just driven by FOMO so they buy too expensive at the time and they end up panicking and then cutting their losses. Cut Loss is what will harm everyone. If held for the long term, it is still possible to get profits.
Beginners will assume the current $24k Bitcoin price is high, but we'll see the next high when bitcoin starts bullishly and reached new ATH.
I want to ask everyone?
what do you think causes people to behave like that, namely always buying at high prices,? but when the price is cheap he doesn't want to?
I don't know the exact reason, but they just use any price to make profit. And then, it is difficult to say specifically about the high price, there is no benchmark even though the price is above the previous price. I can say that $69K is a high price right now, there are a lot of people buying there hoping for the price to break through $70K and above. It is about opportunities and possibilities, but the facts don't live up to expectations.what do you think causes people to behave like that, namely always buying at high prices,? but when the price is cheap he doesn't want to?
When big dump occurs, most traders are hesitant to buy a lot because they are afraid of a possible lower price, but it can still happen the other way around. That's why they don't buy, but that doesn't mean all traders are the same.
You can never invest in the market like this. You will never know which time is the peak time for all those coins. When the price of Bitcoin first reached $10K, $10K was the highest for Bitcoin. Even during the peak price of Bitcoin, people bought Bitcoin and that Bitcoin went from $10K to $60K. So I think there is no such thing as peak market time. Maybe the price has doubled from what it is now, it will be seen in a few days. But we take time to carefully observe the market and then buy any coins.
It's interesting that you bring up this behavior! In my opinion, the reason people tend to buy at high prices is often driven by FOMO (Fear of Missing Out) and the desire to make quick profits. When the price of a coin is soaring, people often get caught up in the hype and believe that the upward trend will continue, leading them to buy at a high price.
On the other hand, when the price drops, people may become fearful and uncertain about the future of the coin, leading them to sell at a lower price. This can be especially true for those who are not well-versed in the market and the factors that influence cryptocurrency prices.
It's important to have a solid understanding of the market and the coins you are investing in, and to have a well thought-out investment strategy that takes into account both short-term and long-term market trends. It's also helpful to have patience and not to be swayed by short-term fluctuations in the market.
On the other hand, when the price drops, people may become fearful and uncertain about the future of the coin, leading them to sell at a lower price. This can be especially true for those who are not well-versed in the market and the factors that influence cryptocurrency prices.
It's important to have a solid understanding of the market and the coins you are investing in, and to have a well thought-out investment strategy that takes into account both short-term and long-term market trends. It's also helpful to have patience and not to be swayed by short-term fluctuations in the market.
so when the price is bear we have to use this opportunity so that we can get maximum profit in the future,
so don't panic when the price is high to buy, and don't panic to sell when our coin drops in price.
and have the courage to buy when the price is down.
There is no really right time to buy and sell because the market always moves randomly, especially in the short term, sometimes when we see the price movement of one of the coins that has increased, say for example the lowest price of a coin for 24 hours is in the area of $ 10 but then it happens increase to the price of $12 and stay in that area for a while, at that time maybe we will think that the $12 area will not be able to pass and think that the price will soon go down but in reality the market moves opposite from what we imagine and makes the coin price rising again past the $12 high area. so don't panic when the price is high to buy, and don't panic to sell when our coin drops in price.
and have the courage to buy when the price is down.
actually I don't understand what you mean...
but I also look at the market, there are always altcoins whose prices drop a lot, but those who buy are rare.
but for example, just 7 days later the price went up even up to 100% indeed I always see when the price goes up people buy MORE when compared to the previous 7 days, when the price was low.
Is this what you mean?
and indeed sometimes I also feel strange when the price is expensive but many buy it and why not buy it when it dropped 7 days ago...
in my opinion about this because a lot of people
those who are afraid to buy when the price drops, because they are afraid the price will fall even deeper and also when the price rises they are afraid of missing the price, in the end they are forced to buy with the aim of making big profits,
However, buying when prices are on the rise is usually a potential downside for short-term investments.
is that what you mean OP?
but I also look at the market, there are always altcoins whose prices drop a lot, but those who buy are rare.
but for example, just 7 days later the price went up even up to 100% indeed I always see when the price goes up people buy MORE when compared to the previous 7 days, when the price was low.
Is this what you mean?
and indeed sometimes I also feel strange when the price is expensive but many buy it and why not buy it when it dropped 7 days ago...
in my opinion about this because a lot of people
those who are afraid to buy when the price drops, because they are afraid the price will fall even deeper and also when the price rises they are afraid of missing the price, in the end they are forced to buy with the aim of making big profits,
However, buying when prices are on the rise is usually a potential downside for short-term investments.
is that what you mean OP?
indeed the most appropriate to buy crypto in my opinion is when the market is down, but even if the market is up it really doesn't matter
as long as we have good analysis and predictions.
as long as we have good analysis and predictions.
I want to ask everyone?
what do you think causes people to behave like that, namely always buying at high prices,? but when the price is cheap he doesn't want to?
what do you think causes people to behave like that, namely always buying at high prices,? but when the price is cheap he doesn't want to?
Who doesn't want to buy low when the price is low or sell high when the price is high?
OP, I believe you lack prior knowledge of the cryptocurrency market's volatility. Do you believe the market fluctuates in its trend because of speculation? Whether you're investing for the long or short term, you'll almost certainly lose money; just keep that in mind. The only time you may not experience loss is during a bull run, which is not yet underway.
If you buy Bitcoin, you don't need to worry about the price because you only need to hold it for next few years, there's a high chance Bitcoin will create new ATH and you will make profit even though you buy Bitcoin at the previous ATH.
Specifically, bitcoin is distinct from all other cryptocurrencies. As long as you don't panic and sell it, 1BTC will always be 1BTC.
and I have advice for beginners, don't buy crypto at high prices, so buy at low prices. so that we have maximum profit. so when the price is bear we have to use this opportunity so that we can get maximum profit in the future,
so don't panic when the price is high to buy, and don't panic to sell when our coin drops in price.
and have the courage to buy when the price is down.
so don't panic when the price is high to buy, and don't panic to sell when our coin drops in price.
and have the courage to buy when the price is down.
I have seen so many interesting replies so far and I would love it add mine. Op, if you're referring to just Bitcoin your post would have made more sense than when you're referring to the whole crypto, we have some coins out there that has never been able to rise back to their all time high while some that has gone into extinct. So if you continue to accumulate all coins that you see when their price are low you'll only end up having a wallet filled with worthless shit.
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I want to ask everyone?
what do you think causes people to behave like that, namely always buying at high prices,? but when the price is cheap he doesn't want to?
what do you think causes people to behave like that, namely always buying at high prices,? but when the price is cheap he doesn't want to?
Like I said earlier, most people tend to neglect a coins even when their price are low because they know that such project has nothing to offer so filling their wallet with them will just be a waste of time and also a waste of money and which is something all of us are trying to avoid
High price of an asset means the current highest level at which the price of a particular coin has reached and never go above that price level , while Low price means the current lowest price level at which a coin has dropped without going further below that level, basically what we call ATH and ATL, And so far that the price of that asset never go above or below those levels that remains the highest and lowest price until it's broken.
Therefore, I guess what the Op is trying to say about high prices, is buying at when the price is moving up and approaching those high price levels.
But in the case of Bitcoin that is scarce and limited in supply , it won't really matter at what price you bought your coin, because the value/price will continue to increase over time as the demand increases. Thereby turning those high price levels into cheap price level.
Therefore, I guess what the Op is trying to say about high prices, is buying at when the price is moving up and approaching those high price levels.
But in the case of Bitcoin that is scarce and limited in supply , it won't really matter at what price you bought your coin, because the value/price will continue to increase over time as the demand increases. Thereby turning those high price levels into cheap price level.
I want to ask everyone?
what do you think causes people to behave like that, namely always buying at high prices,? but when the price is cheap he doesn't want to?
what do you think causes people to behave like that, namely always buying at high prices,? but when the price is cheap he doesn't want to?
It seems like you either have a limited understanding of investments or you're relatively new to this world. When people see prices rising, they may feel a sense of FOMO (fear of missing out) and make impulsive decisions to buy at a high price. On the other hand, when prices are low, they may be uncertain or skeptical about the market and choose to wait for a rebound. But the most important thing is that no one can know in advance when the prices are too high and when they are low. Timing the market is a difficult task and is often impossible to predict with certainty. Therefore, it's recommended to focus on a long-term investment strategy, instead of trying to time the market.
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