Topic: People more likely to buy if price goes up or if price goes down - page 3. (Read 564 times)
March 05, 2018, 09:23:32 AM
The best time to buy coins is when it hit the deepest, the lowest price after a panic selling, and just waiting and holding till it reach its peak for maybe 4 to 5 months of waiting.
March 05, 2018, 09:09:24 AM
I don't understand why people would buy at this price which is quite high for the last month or so. Would people not pile in and buy if the price went down to 6k. Then a huge amount of people would be buying. Who is buying at this price? Or could it be faked.
first have to be patient first and do not panic, try to hold and monitor the development, because if at that time we immediately panicked and sold out coin, and it turns tomorrow his rate back improved, can regret his life-rich life ... March 05, 2018, 08:39:48 AM
I don't understand why people would buy at this price which is quite high for the last month or so. Would people not pile in and buy if the price went down to 6k. Then a huge amount of people would be buying. Who is buying at this price? Or could it be faked.
When the price was $6k, some people fear that it will crash more and some even panic sell because they thought that bitcoin would not go back up due to the FUD spreading around. Fear is the one winning during those times because some are fearful that the bubble already pop and there are even who speculated that it would eventually be zero so people do not want to buy. Nowadays though, the confidence of the people is coming back so there is more demand to the coin thus an increase in price and bitcoin dominance even though the price is higher because people are now bullish about it.
That is what happens when some people are waiting for the perfect price to buy in and they really do not even have an idea on how to monitor the market and make decisions to get in at a good spot. $6k was obviously very high for some, until they missed it and the market is trying to test the $12k resistance now. Of course, they must have missed it, and I wonder what the OP will be saying when the market breaks this head and shoulder neckline and move upward if he has not bought. I guess he will keep waiting! One way whales always have the upper advantage!!
March 05, 2018, 07:56:06 AM
I don't understand why people would buy at this price which is quite high for the last month or so. Would people not pile in and buy if the price went down to 6k. Then a huge amount of people would be buying. Who is buying at this price? Or could it be faked.
People do not buy as the price falls, because they are afraid of further decline and loss of money. However, they buy as the price rises because they assume that the price will definitely increase and earn money. That's how the psychological factor works for people who do not deal with trade.
Nicely said, that is psychological factor of an average person that never traded before. When price is going up then buy on tops, when price start to drop they sell in panic and like that they are in loss. I wasn't different, my first trades were the same, I was losing money, later I started to trade with more efficiency and to make profit.
With more experience people learn about tricks in trading, panic never helps, buying when price is rising and its close to the top, little tricks in trading helps a lot.
Make a difference between trader and holder, two different world's. Holders are buying when they have money for investing at any price, they plan to wait 5 digits price before selling and for many of them bitcoin is cheap now. People who wish to trade needs to be involved deeply, to follow news, to follow addresses with big amounts of bitcoins, to follow big transactions and to know when to buy and when to sell, profitd depends on it.
March 05, 2018, 06:53:06 AM
I don't understand why people would buy at this price which is quite high for the last month or so. Would people not pile in and buy if the price went down to 6k. Then a huge amount of people would be buying. Who is buying at this price? Or could it be faked.
People do not buy as the price falls, because they are afraid of further decline and loss of money. However, they buy as the price rises because they assume that the price will definitely increase and earn money. That's how the psychological factor works for people who do not deal with trade.
March 05, 2018, 06:34:00 AM
People always buy and sell bitcoin. For many people, trading on the stock exchange has become the main income. You're new and you probably don't get it. Your goal is to explore bitcoin as a Deposit. I have
a question for you. What did you do in January? Why didn't you buy coins for $ 6,000? You missed your chance. Now the price will not be below $ 10,000. In 2 months you'll be dreaming about buying bitcoins at this price because the price will be $ 20,000.
a question for you. What did you do in January? Why didn't you buy coins for $ 6,000? You missed your chance. Now the price will not be below $ 10,000. In 2 months you'll be dreaming about buying bitcoins at this price because the price will be $ 20,000.
March 05, 2018, 06:33:43 AM
I don't understand why people would buy at this price which is quite high for the last month or so. Would people not pile in and buy if the price went down to 6k. Then a huge amount of people would be buying. Who is buying at this price? Or could it be faked.
Maybe they are also afraid to buy bitcoin when the price is dropping because I think they are also thinking that bitcoin will drop even more. Now that the price is recovering, they are thinking that it is now a good time to buy because they think that they will gain profit this time. March 05, 2018, 05:41:05 AM
I don't understand why people would buy at this price which is quite high for the last month or so. Would people not pile in and buy if the price went down to 6k. Then a huge amount of people would be buying. Who is buying at this price? Or could it be faked.
The reality is that people tend to buy into an assets when the price is low and sell them when it is higher. But in trading there is what we called a breakout in price and when that happened in the up trend it means big investors are putting in big money and that will pump the price high to another level of Fibonacci extension. What is happening now is that traders have stated to build confidence Into the bullish trend we are witnessing now. March 05, 2018, 05:27:03 AM
I don't understand why people would buy at this price which is quite high for the last month or so. Would people not pile in and buy if the price went down to 6k. Then a huge amount of people would be buying. Who is buying at this price? Or could it be faked.
Someone will buy bitcoin whatever the price of that in the market because he has the purpose. Like in trading, he has no other option if the coins he wants to trade has paired only in bitcoin. Also, in ICOs if he wants to invest on that particular project he needs bitcoin to able to participate. Bitcoin has not limited on long term investment only it has many purpose in the cryptoworld. Yes, the best time to buy bitcoin is at that lowest dip but again that time frame is just few days or even hours. 
March 05, 2018, 05:16:02 AM
Those who are interested in the bitcoin they they look for the short run then they will only interested in the profit only but those who are interested in the bitcoin fully they know the market value of this currency and if we look at the bitcoin price then we will not get benefit from it to much worrying about the bitcoin prices are not a good option.
March 05, 2018, 04:21:27 AM
the situations would be complicated because some people are trapped when bitcoin price high they thought the price still not stopped to increase and decide to buy but when the price dropped most of them didn't buy because they're panic and sold their bitcoin and only several people can utilize downtrend with buy more bitcoin and the rest of them usually fear to buy
March 05, 2018, 02:58:33 AM
Buying when the price is sliding is risky because you have no idea when it'll bottom out. Buying while the price is growing is also risky, because you have no idea when it'll reach its peak. It's hard to say which is more likely, but if the price is surging, then people are buying. It should be safe to assume that people are most likely to buy if a) there are signs of growth and b) the price is relatively low compared to recent ATHs. Buying the dip is a popular mantra, but actually takes balls of steel to practice.
March 05, 2018, 02:55:33 AM
Buying bitcoin in low or high price is just the same, IMO. I have noticed people are buying bitcoin last year when it started to reach almost 20,000$ thinking that it will pump even more. But many don't see bitcoin's low price as opportunity because they are afraid that bitcoin is going to end already. So buying between low or high price depends on the mindset of a person.
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March 05, 2018, 02:21:53 AM
I find it reasonable up to a point, as you never catch a falling knife, you know. For me it is better to buy when you have early signs that it is going up again, rather than when it keeps falling down.
But actually I prefer to make small purchases regularly, thus average costing, and to forget about the trends so much.
But actually I prefer to make small purchases regularly, thus average costing, and to forget about the trends so much.
March 05, 2018, 01:46:06 AM
I don't understand why people would buy at this price which is quite high for the last month or so.
What do you think about those people who even bought at the highest price that bitcoin reached? $19,000. We can't understand the reason why everyone is buying aren't you grateful that the price is moving up? As long as an investor decided to invest and he can avail it, why not buy at any rate if he believes that the price can go further?Or could it be faked.
It can't be faked. It all depends on how far you see the end price to be and if you feel that it is worth the initial investment. If you see an altcoin going x10 in the future, you may invest in it whether it is $5 or $500. But obviously, buy low sell high.
March 05, 2018, 12:48:17 AM
everyone has their own price grip.
it is generally the rule of people buying is buy when cheap hold hold and sell at high price. but, the usual people who buy at high prices always think, mending to buy at a price that much than sorry later. In fact, IMO bitcoin prices will continue to increase and increase this year, although there will be few bumps in the road.
it is generally the rule of people buying is buy when cheap hold hold and sell at high price. but, the usual people who buy at high prices always think, mending to buy at a price that much than sorry later. In fact, IMO bitcoin prices will continue to increase and increase this year, although there will be few bumps in the road.
March 04, 2018, 11:42:41 PM
In essence all traders would want a big profit, when prices rise there investors buy at the lowest price possible and sell at a high price. But we do not know whether the price will go back up or maybe the opposite? Any risk can happen in a trade.
March 04, 2018, 11:10:27 PM
when price is going down it means more people are selling than they are buying, that is why it is going down. in other words the exact opposite of what you said is true. and also not to forget the fact that when price reaches the bottom very few buy back and in fact those who were waiting for the fall will never buy back at the bottom, they will instead continue waiting and when prices recovered and went back up they will start buying!
March 04, 2018, 10:16:45 PM
I don't understand why people would buy at this price which is quite high for the last month or so. Would people not pile in and buy if the price went down to 6k. Then a huge amount of people would be buying. Who is buying at this price? Or could it be faked.
When the price was $6k, some people fear that it will crash more and some even panic sell because they thought that bitcoin would not go back up due to the FUD spreading around. Fear is the one winning during those times because some are fearful that the bubble already pop and there are even who speculated that it would eventually be zero so people do not want to buy. Nowadays though, the confidence of the people is coming back so there is more demand to the coin thus an increase in price and bitcoin dominance even though the price is higher because people are now bullish about it.
March 04, 2018, 10:05:56 PM
I don't understand why people would buy at this price which is quite high for the last month or so. Would people not pile in and buy if the price went down to 6k. Then a huge amount of people would be buying. Who is buying at this price? Or could it be faked.
I've always been partial to the idea the Bitcoin acts like a Veblen good.
Quote
Veblen goods are types of luxury goods for which the quantity demanded increases as the price increases, an apparent contradiction of the law of demand. Consumers actually prefer more of the good as its price rises, and the result is an upward sloping demand curve.
That may be due to the nascent stage that Bitcoin is in. Gains are hyper-speculative and based on perceptions of future usage. So as the price rises, people become fearful that they'll "miss the boat." And the reality that there are only 21 million BTC starts to sink in.
The idea underlying the Veblen effect is that "higher price means higher quality." That's why people want to be seen wearing and owning the latest, most expensive items. Applied to Bitcoin, a falling price means the hype and exclusivity around owning BTC loses meaning. That's why declines in Google trend interest is often reflective of bear market action in Bitcoin. Nobody cares when it's not "the next big thing."
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