It goes same way people never learn btc 30k - page 4.

arcmetal

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Quote from: franky1 on June 05, 2022, 07:10:19 AM

education is at fault.

many people feel that 'cheap' means bad value. or something wrong with it.
they think if something is expensive then it must have more value.

i see it all the time.
take concert tickets and merchandise. its easy to buy a ticket/official shirt direct from the venue early cheaply. same with the merch'.. yet i see silly people proud of the fact that they paid a premium for a ticket because they were buying the 'last few tickets available' so they deem those tickets to be worth more and something proud to have paid more for. even if that same ticket was being sold at a 3rd of the price the month before.

i have even had conversations with people sat on same row as me showing off that they paid 3x more for a seat that should have cost the same as mine.. they think they are more worthy of the seat by paying more.

same seat, same view, same entertainment. nothing has changed but the price
.. its silly but hey.. its what they were taught to think

yes if they were offered the same ticket a month before they may not have taken it. but suddenly when they see demand is high they suddenly want it more.

they have all been educated to not want things cheap and widely available and only want things when they are premium and when they think they are missing out.

I know exactly what you mean. I have witnessed this on several occasions. Although, I am not so sure that it is due to "education", but rather I think it's some sort of a psychological effect.

Years ago I had an accountant tell me about this effect. He gave me the example of the price and sales of computers. Or, at least how it was back in the 70's and 80's. He mentioned how when the PCs were introduced they were at a cheap price, but they didn't sell very well, as time went by their prices rose and it was when they got over $300 did they start selling like crazy, even though they were the same model of computer.

I have seen a similar effect with bitcoin. Years ago, 2012, 2013, I was telling all who I knew about this new technology, and that they should probably buy into it, even $100 worth. Except for two friends, I just got funny looks or laughter.

But now, in these past 2 years, bitcoin's price rose to near 70k, and now that it's at 30k, I get about half those people calling me and asking how to buy bitcoin. ... The other half either rarely look me in the eye, or are pissed off at me about something.

Rufsilf

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Quote from: Oshosondy on June 05, 2022, 11:53:44 PM

...
it should not go down below $20000.

Not a close deal anyway. We can't tell yet as the volatility can influence the market.
But as we have seen this bear season, the majority are still optimistic, institutional investors make buy. It is indeed we got a stronghold from the $28k - $31k price range for Bitcoin. This gonna tell that everyone is helping together for the market not to drop more but instead of making it up. This is actually what we want, and never find a significant issue that could drag the market down, unlike the last bear season.

lienfaye

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Many investors are still afraid to buy during dip because of their worries that it might plunged further. They're not seeing the positive sides of buying at cheap price and prefer to buy once the market is turning bullish, its understandable for some investors to have such mindset.

But if you know the history of Bitcoin or you exert an effort to know how the market works and the history then you'll know the importance of having a bearish season. Its a chance to fill our bags but weak investors are missing this opportunity because of fear.

Oshosondy

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Quote from: Rabi3 on June 05, 2022, 07:29:12 PM

it is a rough time to buy bitcoin, after a crazy surge to $60k it has to go down again, people who bought way lower than that will sell to get their profit sooner or later, i expect bitcoin to go to $15k or even less before it goes up again, it's just my opinion you can do research about bitcoin yourself and make a decision.

If people are still selling, bitcoin price would have gone down more below $30000 but it is never the case, but I too think bitcoin will go more down below $30000 to reach maybe $20000, but I am still thinking if it is possible for the price to reach $15000, I think that may never come, but the bear market is still going on, it can be possible but if it is true that bitcoin is not volatile like before, it should not go down below $20000.

EdenHazard

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Quote from: ChiBitCTy on June 05, 2022, 02:10:24 PM

It’s kind of hard to understand what you’re saying here but I think I got your point. This has always been the same way as any other assets. The stock market is no different. People panic in hard time but always try and take advantage of an asset performing well during up times. This is why dollar cost averaging is so important. Keep contributing the same amount over the course of time, this way you’ll hit both low and highs.

Hmmm yeah to keep accumulating your holdings are the only way to make you feel better in a bearish time , you'll feel i hold enough... i bought enough and i am on green!
Unlike when you do the buy order one time only... there might be a lot of regret.

Just like when you see a low price like 30k now then regret it when the price keep moving up unstoppable to 100k or so.

Rabi3

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Quote from: 325btc on June 05, 2022, 06:54:30 AM

People never learn now those whos scared to buy btc will be ONes who buy btc when btc 50-60k.
Its now dip but people always scared of dips and they prefer to buy from top not from lows.
30k is most scared price range many hope it goes lower but instutions data shows very small possibility tht btc ever can go much lower .

it is a rough time to buy bitcoin, after a crazy surge to $60k it has to go down again, people who bought way lower than that will sell to get their profit sooner or later, i expect bitcoin to go to $15k or even less before it goes up again, it's just my opinion you can do research about bitcoin yourself and make a decision.

Lanatsa

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Quote from: 325btc on June 05, 2022, 06:54:30 AM

People never learn now those whos scared to buy btc will be ONes who buy btc when btc 50-60k.
Its now dip but people always scared of dips and they prefer to buy from top not from lows.
30k is most scared price range many hope it goes lower but instutions data shows very small possibility tht btc ever can go much lower .

Everything could always be a possibility and this is the reason on why some people doesnt really make further step but rather waiting up for that possible price decrease or further decline which is lower on the current
price that we do have as of this moment.

Well, i couldnt blame them though yet anyone does have that experience that on the time that they had bought back and the price goes down even further then you would really be sticking out that kind of
impression that you wont be doing something like this in the future.

This is where it results on being that too hesitant on taking out some step or action on price declines like this which means it all matters or depends on risk-taking management for this part.

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Quote from: 325btc on June 05, 2022, 06:09:07 PM

30k based on ws data sheets strong support zone then low wick to shake out weak hands low wick to 25-27price range as its not easy push down btc price ws will use a lot money to push down btc price it will cost even more then tp push up prices.
Derivates yes

Okay, let us assume that your analysis is right and the data that you have seen but, this could not tell what really gonna happen next. Those data are just a history of the past, we can't rely on them to make a read of the future unless it was proven that these institutions and whales control the future.

But yes, I have some faith that Bitcoins will never drop more. I have still in the confidence that Bitcoin price will remain above $25k, so if I am going to buy now, I have no worries in my mind that I am going to lose cause for sure Bitcoin will rise soon.

325btc

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30k based on ws data sheets strong support zone then low wick to shake out weak hands low wick to 25-27price range as its not easy push down btc price ws will use a lot money to push down btc price it will cost even more then tp push up prices.
Derivates yes

Oceat

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Quote from: Issa56 on June 05, 2022, 05:21:46 PM

No matter how bitcoin dump, I believe their are still lot's of people that won't buy, if bitcoin dump to around $10k, people will still be scared and they will endup say bitcoin is still going to dump more that's why some people wont just make money From bitcoin. Actually I won't advise anybody to buy bitcoin now or not to buy bitcoin now, if you want to buy, you do your research yourself and don't follow what I say, but currently am bagging more bitcoin now with any extral funds am having.

I believe some of them are still afraid of buying the dip because they think it will go down for more especially in bearish market. I can't blame them though but all they really need is knowledge of how to do some TA and FA but if they are planning for a long term investment then it should be fine to buy whatever price Bitcoin have.

Some people think when in ATH or bull run that's the time they could gain more profit but they never think of buying the dip then selling it back when it goes up. Perhaps they were scared that the price wouldn't go to as they would want it to go and that's the risk of investing Bitcoin.

Issa56

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No matter how bitcoin dump, I believe their are still lot's of people that won't buy, if bitcoin dump to around $10k, people will still be scared and they will endup say bitcoin is still going to dump more that's why some people wont just make money From bitcoin. Actually I won't advise anybody to buy bitcoin now or not to buy bitcoin now, if you want to buy, you do your research yourself and don't follow what I say, but currently am bagging more bitcoin now with any extral funds am having.

ChiBitCTy

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It’s kind of hard to understand what you’re saying here but I think I got your point. This has always been the same way as any other assets. The stock market is no different. People panic in hard time but always try and take advantage of an asset performing well during up times. This is why dollar cost averaging is so important. Keep contributing the same amount over the course of time, this way you’ll hit both low and highs.

coolcoinz

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I can tell you why this is. It's all human psychology, nothing else!
People always overshoot with their predictions.

When we broke 20k people were like "sky is the limit, welcome 300k bitcoin" and they were buying at 60k because they saw 100k around the corner and then if we were to hit that they'd still buy to get to 200k.

When we fell 50% people think it's over for bitcoin and we have to go back to the previous ATH of 20k, because we were doing that in previous cycles, so they aren't buying because they say to themselves that they'll buy at 20k.

It's just like in 2017 analysts, including the infamous Tom Lee were predicting 30k bitcoin and we fell at 20k. Then some other famous analysts like Tone Vays were predicting a fall to the previous ATH of 1k but we only fell to 3k. These guys are consistently wrong so don't listen to them and have your own plan.

FlamingFingers

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Quote from: 325btc on June 05, 2022, 06:54:30 AM

People never learn now those whos scared to buy btc will be ONes who buy btc when btc 50-60k.
Its now dip but people always scared of dips and they prefer to buy from top not from lows.
30k is most scared price range many hope it goes lower but instutions data shows very small possibility tht btc ever can go much lower .

I think we gonna fill the 28.8k CME gap then fill the new gap we create over this weekend and head up from there. I definitely don't mean to be a wet blanket on cryptos bonfire, but neither do I support promoting groundless hype. BTC is now strongly correllated with the US Stockmarket. While sentiment on Wall Street is negative, BTC won't break upwards to any meaningful/lasting degree.

virasog

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Quote from: 325btc on June 05, 2022, 06:54:30 AM

People never learn now those whos scared to buy btc will be ONes who buy btc when btc 50-60k.
Its now dip but people always scared of dips and they prefer to buy from top not from lows.
30k is most scared price range many hope it goes lower but instutions data shows very small possibility tht btc ever can go much lower .

The current bitcoin prices are the best place to buy bitcoins as these are the perfect support levels.

However, there is nothing certain in bitcoins and bitcoins can even go below these prices. Even though the chances for these seem slim but anything can be expected in crypto. If bitcoin falls below 28K, you can do dollar cost average at 24K, 20K and maybe you can get a chance to buy at 18K.

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Quote from: Baofeng on June 05, 2022, 10:58:54 AM

Quote from: LFC_Bitcoin on June 05, 2022, 09:04:34 AM

I think there’s more down to come, if we are following the previously seen 4 year cycles. I don’t think we will close a day below $20,000 again though. I am going to wait for lower before I buy more again but that doesn’t mean buying now is a bad idea. DCA’ing here is still a good idea.

Yes, I got the OP's point, perhaps those who are who doesn't want to buy at this price is not afraid per se. Maybe they are just beginners in crypto market and doesn't know how to react with the cycle. Like the one that we are into right now, it's bearish so meaning the price of bitcoin is down and will continue to go down. So strategies like buying the dip and dollar cost average is very effective strategy in this cycle to accumulate. And perhaps once those beginners gain the experience in the next bull run that they will realized their mistakes.

A lot of beginners on the trading platform are currently afraid of investing as of now as the current market that we have right now shows a bearish trend. Dollar cost average is one of the effective strategy to look into right now to minimize lose and gain profit. Also, other than the previous cycle and pattern that can be observed from the trend on bitcoin price chart from its previous years, some factors shows that we might still see some red on the next following months.
I guess, some beginners mindsets which hinders them to invest is that they will not profit sooner as they would like to see their assets or crypto price go up in short matter of time. But still, investing right now is not a bad move if you are investing on a long term plan rather than timing the market where you might even miss a chance to invest to.

virasisog

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Quote from: Oshosondy on June 05, 2022, 11:22:16 AM

Quote from: Baofeng on June 05, 2022, 10:58:54 AM

Yes, I got the OP's point, perhaps those who are who doesn't want to buy at this price is not afraid per se. Maybe they are just beginners in crypto market and doesn't know how to react with the cycle. Like the one that we are into right now, it's bearish so meaning the price of bitcoin is down and will continue to go down. So strategies like buying the dip and dollar cost average is very effective strategy in this cycle to accumulate. And perhaps once those beginners gain the experience in the next bull run that they will realized their mistakes.

It is normal that some beginners may lose the chance to invest at the proper time, buying now can be profitable as I have said before, but the time for bears is not yet over, even if anyone wants to buy now, it is better the person should not use all his money he is intending to buy bitcoin with, he can divide it into 4, buying as the price go down further. The time to buy is when people are afraid to buy, that time has never come in my opinion, may at $20000 for me, but who buys now never lose too.

Most of has have entered Bitcoin a little late. Some of us bought during its high peak but that doesn't mean that we wouldn't get a chance to gain profit when the market gets better. It's fine to fear the situation but we shouldn't underestimate the capability of Bitcoin to strike high in the future just like what it did before. Buying at a quite expensive price isn't a mistake but you have to be patient because it will take time for you to gain your profit.

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Quote from: 325btc on June 05, 2022, 06:54:30 AM

People never learn now those whos scared to buy btc will be ONes who buy btc when btc 50-60k.

After the price momentum of Bitcoin for some years now which shows that it always replicates the same trend after the ATH price, I don't think anyone should be scared of buying the dip except if the person is a newbie. However, one thing I understand about the market is that we all have a different understanding of the market and if some people choose not to buy now that doesn't mean they are scared because they actually choose not to buy now because there's a huge chance of the BTC market going below the previous bottom price.

Quote from: 325btc on June 05, 2022, 06:54:30 AM

30k is most scared price range many hope it goes lower but instutions data shows very small possibility tht btc ever can go much lower .

We are in the season where no market prediction data will provide 100% results and I believe those that hope the price to go lower know what they are doing we're still in the market correction stage and after it should be a bloodbath.
This is what suppose to happen if BTC wants to complete its halving market trend replication.

Oshosondy

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Quote from: Baofeng on June 05, 2022, 10:58:54 AM

Yes, I got the OP's point, perhaps those who are who doesn't want to buy at this price is not afraid per se. Maybe they are just beginners in crypto market and doesn't know how to react with the cycle. Like the one that we are into right now, it's bearish so meaning the price of bitcoin is down and will continue to go down. So strategies like buying the dip and dollar cost average is very effective strategy in this cycle to accumulate. And perhaps once those beginners gain the experience in the next bull run that they will realized their mistakes.

It is normal that some beginners may lose the chance to invest at the proper time, buying now can be profitable as I have said before, but the time for bears is not yet over, even if anyone wants to buy now, it is better the person should not use all his money he is intending to buy bitcoin with, he can divide it into 4, buying as the price go down further. The time to buy is when people are afraid to buy, that time has never come in my opinion, may at $20000 for me, but who buys now never lose too.

Baofeng

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Quote from: LFC_Bitcoin on June 05, 2022, 09:04:34 AM

I think there’s more down to come, if we are following the previously seen 4 year cycles. I don’t think we will close a day below $20,000 again though. I am going to wait for lower before I buy more again but that doesn’t mean buying now is a bad idea. DCA’ing here is still a good idea.

Yes, I got the OP's point, perhaps those who are who doesn't want to buy at this price is not afraid per se. Maybe they are just beginners in crypto market and doesn't know how to react with the cycle. Like the one that we are into right now, it's bearish so meaning the price of bitcoin is down and will continue to go down. So strategies like buying the dip and dollar cost average is very effective strategy in this cycle to accumulate. And perhaps once those beginners gain the experience in the next bull run that they will realized their mistakes.

Topic: It goes same way people never learn btc 30k - page 4. (Read 661 times)