People more likely to buy if price goes up or if price goes down

MintCondition

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Quote from: Casdinyard on March 14, 2018, 04:44:13 AM

Quote from: darkr on March 13, 2018, 03:00:03 AM

Quote from: imapessimist on March 03, 2018, 01:01:56 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.

Probably you misunderstand something, man. Those people, who were not it time to buy crypto when it was cheap, do it now, and not because it is going up.

As long as the price is still below $10k it's still fine to buy. I don't understand people who's afraid when bitcoin goes down when the fact that they're now giving us a chance to buy more because in time bitcoin will be less affordable
People who still buy whatever the price is those who are the long-term holder and have a big belief in bitcoin that sooner it will give them a huge profit.

Simply because they don't trust their investment enough to risk them for the long term, that's why whenever it dips they panic.

imapessimist

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I still don't get why people would buy at that high price it was a couple of weeks or so ago. 11.5K I think. And why didn't they sell at least some of the coins at that price as the chances are it would go down from there rather than go up again. I would wait now and try and buy lower than 8.7 which it is now at this present moment. And if I miss the boat well too bad. There will be another one along eventually.

Casdinyard

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Quote from: darkr on March 13, 2018, 03:00:03 AM

Quote from: imapessimist on March 03, 2018, 01:01:56 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.

Probably you misunderstand something, man. Those people, who were not it time to buy crypto when it was cheap, do it now, and not because it is going up.

As long as the price is still below $10k it's still fine to buy. I don't understand people who's afraid when bitcoin goes down when the fact that they're now giving us a chance to buy more because in time bitcoin will be less affordable
People who still buying whatever the price is those who are long term holder and have a big belief in bitcoin that sooner it will give them a huge profit.

azguard2

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Logical is to buy when demand is low and price is low but if we look little more statistic for last year only most of them buy no matter the price was. Many bought when price was 17 or 18 or more but now its only little over 9k in value, i mean on bitcoin. This is more something that many inexperience traders take on they buy at price peak but now they are in fear when will price come high again to at least recover loses. This might take little more time then they expect but if they have patience now they will have some income back.

bryan21

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Actually people will like buy when the price down, and hope will be increase in the future. When the price up for some people they will buy also, if money not be concern for them and usually they keep for long term, maybe like 10-15 years later. Because they believe that investment will up every years.

ktabb

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Quote from: cpfreeplz on March 03, 2018, 01:03:24 PM

People are buying at every price. Wtf are you going on about lol? We're still at about 50% of the ATH so it's still a bargain. We won't be staying here too long. Don't get used to it. Also, 6k!? Lol yeah right. Never again in our lifetime.

LOL get ready to eat your words... never say never. Especially when talking about a clear speculative bubble of an asset with no intrinsic value whatsoever.

icopir

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I think it's logical to assume that if the price decreases on bitcoin, then people will buy it at this time, although one should not exclude the fact that at a high price they will also buy as they will count on further growth

Idrisu

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Quote from: imapessimist on March 03, 2018, 01:01:56 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.

When price goes up there is this hope that price is going to continue going up and it a sign that the assets are in good condition. The big buyer will invest because of how healthy the assets are and not how weak it is. We are to follow what the market decide and not what we have in our mind.

eann014

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Quote from: Naficopa on March 05, 2018, 06:53:06 AM

Quote from: imapessimist on March 03, 2018, 01:01:56 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.

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.

Yes, this is the normal pattern in trading, we buy if the price is dropping then we sell if we already gain profit. If I only have a lot of money to buy then I will buy now because I think this is the right time to buy bitcoin because the price is low right now. Hopefully by the end of March bitcoin price will recover already.

liivii

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There is a saying here in bitcoin industry that buy when the price drops and sell when the price starting to pump. But I think if you have truly understand and learn what really bitcoin is, you will surely do the buy when you have the money and hold it until you need the money for some personal reasons. Bitcoin is so unpredictable and lots of people lose their money for just some bad moves because of the lack of strategies, while on the other hand people that kept holding their bitcoin will be the ones that have a better chance to earn profit and change their lives.

goaldigger

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People would buy bitcoin no matter what the price is, even if it gets high or low. Regarding to your question, more people buy coins if it is continues or consecutively going up. They want to ride on the boat even if it is just for a short period of time. If you would observe those people who rants after the bitcoins bloody drop, most of them are just bought their coins on the ride and complain when it drops on the least expected date, and they are not prepared for it.

Naficopa

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Quote from: imapessimist on March 03, 2018, 01:01:56 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.

It all depends on the investment strategy. Some are waiting for the price to be low to buy. They assume that the price will not drop anymore and then they will start earning money. Others buy as the price starts to grow, because they think that the price will grow further.

Quesdana

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Quote from: imapessimist on March 03, 2018, 01:01:56 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.

Buy low and sell high, you should abide by that saying. Most people who are well versed to the crypto market usually buy crypto when there is a dip because they knew that they will gain more at the end during this scenario.

Altero

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Prices are really considerable in doing investment, if your looking for profit, of course nobody will take the risk of buying at high price knowing it won't go farther enough as what we expected. Not to be fooled anymore, those previous years happening with bitcoin downtrend, it become a lesson for everyone and it could be possible not to be happen again.

thelma987

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Your trading method depends on the kind of business strategy you are willing to utilize, you could either buy at a high price or a low price. But for a good and profitable business individual it is best to buy when the price is low, because, surely the price will still go up again. It is all business, there must be rise and falls

darkr

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Quote from: imapessimist on March 03, 2018, 01:01:56 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.

Probably you misunderstand something, man. Those people, who were not it time to buy crypto when it was cheap, do it now, and not because it is going up.

Coin Hash

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I think we will not be seeing $6k in this year again. I think one should buy when the price is rising because there are chances that it will rise more and we can book gains. While if we plan to buy when price is falling one cannot predict at what time it will stop and start rising again. So we might have to book loss. This strategy is for short term gains where as if you are looking for long term gains than in case of bitcoin it is always the best price to jump in.

gabmen

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Quote from: Happiest on March 08, 2018, 04:00:26 PM

Quote from: imapessimist on March 03, 2018, 01:01:56 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.

It is not fake, everyday, a lot of people are buying at a different price. The people whom are buying are doing so because they might have missed buying when the price is at that low price of $6000. Now the price of is $9000, and they are still buying. There are a lot of people whom are not waiting for any particular price to buy, they are just buying because they want to own bitcoin and hold it for the future.

That's the funny thing. Many seem to.be doing quite the opposite of the buy low sell high principle. Buying when the price is already moving upwards in the fear of missing out and then selling in panic. Probably their emotions getting the best of them during these times.

lifengpu

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if people want they will buy both at reduced prices and high because many are confident in bitcoin and that it will bring profit

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Quote from: imapessimist on March 03, 2018, 01:01:56 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.

If it's on bitcoin, there is no such thing as "quite high" if anyone wants to make an entry.

If they know the risks of buying then even at $20,000 price, people can consider buying. It's way more better that someone bought on high price then the price wents down later because there is high chances that soon it will passed again the buying level and make profit rather than waiting for too long for their preferred target before buying.

Look at those still waiting for $6,000 for many months now. I wondered if they still keeping up their pride.

bitmover

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When the price is high, everyone is hoping that the price goes down so they can buy cheap.

But when the price goes down, everyone ask "Should I sell??"

Happiest

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Quote from: imapessimist on March 03, 2018, 01:01:56 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.

It is not fake, everyday, a lot of people are buying at a different price. The people whom are buying are doing so because they might have missed buying when the price is at that low price of $6000. Now the price of is $9000, and they are still buying. There are a lot of people whom are not waiting for any particular price to buy, they are just buying because they want to own bitcoin and hold it for the future.

darkangel11

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Naturally people tend to buy at huge pumps, that's human logic at its finest. If you see your money gain value you tend to put in more and more. The initial gains make you feel happy, think positive, and start dreaming about your unrealized gains. On the other hand when it keeps going down it creates this negativity and disbelief that makes people hate the asset. Just read some threads that people were starting during the moon phase and compare to the threads made during crashes. When the price is crashing people are starting to think that it will never recover and much less of them are willing to invest.

dmamigo

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As for me I find both situation tempting to buy more. When the price was going higher gradually, it gave a boost to my confidence and thus provoking myself to buy few more, and when it crashed and was dipping even more, I though lets buy more and increase the chance to narrow down my loss. But price down is more tempting.

raven7886

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Quote from: cpfreeplz on March 03, 2018, 01:03:24 PM

People are buying at every price. Wtf are you going on about lol? We're still at about 50% of the ATH so it's still a bargain. We won't be staying here too long. Don't get used to it. Also, 6k!? Lol yeah right. Never again in our lifetime.

I really do not even understand what he is trying to drive out. If no one is buying, what is driving the price upward? These same kinds of people like the OP will see the $6000 and will still be waiting until they miss it. It is crazy how people think. You wait for a low to buy, you have it and you still want to keep waiting. The same way people get greedy jumping in when the value is dropping is the same way they get greedy to buy in when the price has dropped.

Greedy kind of mentality some people had when the price was $6000 and they were waiting to see if it would go down further to $4000. When looking from the spot the market has been dropping down from the top, I would not consider this a bad time to buy. You should ask yourself the difference with the person who bought at $19000 and you that is buying now. If you are going long, then this is a good time to buy.

anavir

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some are buying bitcoin when the price is high because they are attracted of the value and think that they will gain big profit in an instant if it continues to increase some are buying when the price is low because they have positive thinking that they will gain big profit when the price increases they are most likely are person who are patient enough to hold until it reach their goal

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Quote from: pealr12 on 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.

actually the price now is decreasing gradually which is good time to buy and hold . And probably the price of bitcoin will not go under 9k because there's no any other reason for it to go down , and maybe this is just a normal correction and base on some new in the last few weeks bitcoin will spike on this moth. So much better to buy now while the price didn't pump.

djgtr

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Quote from: Pasnik on March 07, 2018, 02:57:47 AM

Some buy at a high price and sell when price goes down. It happens normally when a person got panic and sell all his coins. But, if buying at this certain price and hold when price high to take profit is a good thing to do. So normally, we should hold onto our emotions since bitcoin is unstable price.

Whether the price is too high or too low, people wil sell especially if others have badly need for it. But in a basic case, if only each and everyone has long term patience, probably selling it in a low price because of a higher impact when it pumps. In my experience, I hold for quite sometimes because I want to work hard for it.

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Quote from: upsidedown75 on March 07, 2018, 05:22:04 AM

Quote from: arpon11 on March 03, 2018, 03:55:51 PM

Quote from: imapessimist on March 03, 2018, 01:01:56 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.

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.

If the OP is not smart enough to know that the only thing that drives the market up is demand and if he is asking why the price is going up, then I wonder the answer he wants us to give him. He can keep waiting for $6000 and I hope he gets to see it. People like him always end up waiting till like forever until they miss a good chance life gives them. Of course, he can just chill, take some popcorn and keep watching the market grow thinking the upward movement is fake.

I'm not sure if he's waiting for a lower price out of expectation or just because he's really not got a clue. 6k was undervalued, right now around the 10k level is about par based on recent growth and such. To suggest that demand at this price is fake is really quite ridiculous. If demand could be faked I think the price would be much higher than it is currently.

PalindromemordnilaP

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I think people will buy bitcoin when its market price goes up because of the hype and thinking that it will go up high all the way. That's what happened last year when bitcoin reaches 20K USD before it went down slowly until February. Those people also panic sell during the crisis for their immature decision making and lack of knowledge on bitcoin's history.

dharnamonitor

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It's just their emotions, like not buying when there is a huge decline they tend to fear that the price would be completely dump. On the other hand, when the price is currently increasing they will think that it will be great to start buying hoping to increase their profit in a short time.

upsidedown75

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Quote from: arpon11 on March 03, 2018, 03:55:51 PM

Quote from: imapessimist on March 03, 2018, 01:01:56 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.

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.

If the OP is not smart enough to know that the only thing that drives the market up is demand and if he is asking why the price is going up, then I wonder the answer he wants us to give him. He can keep waiting for $6000 and I hope he gets to see it. People like him always end up waiting till like forever until they miss a good chance life gives them. Of course, he can just chill, take some popcorn and keep watching the market grow thinking the upward movement is fake.

dreico

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I think both options will be correct, many buy it during the downturn, not less than it gets and during the recovery, for each will have its own advantageous situation

Pasnik

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Some buy at a high price and sell when price goes down. It happens normally when a person got panic and sell all his coins. But, if buying at this certain price and hold when price high to take profit is a good thing to do. So normally, we should hold onto our emotions since bitcoin is unstable price.

Kevin77

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Quote from: Hazir on March 03, 2018, 04:30:32 PM

I will tell you what is going on here, people en masse were swept into a mob psychology, irrationally throwing their common sense to the wind and buying when there is hype in the air.
It is easier to follow the mob when there is euphoria in the air and bitcoin is rising, you can relate to other people and share the positive emotions with them.
That is the reason it is so easy to buy bitcoin when the overall market sentiment is positive, and so few people are taking advantage of the crashes, declines and moments when FUD is circulating in the air.

People like OP let the whales take advantage of them and that is because they really do not understand what is going on with the market at any point in time and would rather stick to their emotions. Either they are joining when everyone have started buying, or they are selling when everyone is selling and waiting if it drops lower until they get to the bottom. I do not see anything bad in someone who has gone long buying at this spot and if this price is not low enough for him since we took off back around $6000, then he should keep waiting for it. He can ask those who waited for such last year.

fulmetal08larz

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In my opinion, those people who buy during an uptrend are mostly newbies who have fear of missing out. It is very likely that whales are re-distributing their BTC and taking profit discreetly during the hype. Upon realization that the price couldn't go higher than the resistance, that will be the time that these newbies will panic sell. When it hits the bottom, the whales who sold their BTC at a higher price will now be able to buy at a much cheaper price and the cycle goes on and on.

jimbo2000

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I'm really quite surprised by the array of answers. My personal opinion is that the average person is more inclined to buy when the price is increasing and sell when the price is falling, that is just human nature.

Of course these people are acting out of fear and likely making big mistakes but I think that certainly they are the majority. I guess that within the forum we have a more educated group than across the whole community.

helen28

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Quote from: aoluain on March 05, 2018, 10:38:56 AM

Quote from: imapessimist on March 03, 2018, 01:01:56 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.

Just look back to November and December of 2017 when BTC price was running
up to almost $20k. A lot of people didnt see that it wouldnt last and not even
reach $20k.

Different people have different outlooks for BTC, there are those who cannot
read the markets and trade blindly and there are those who are adept at reading
and are experienced traders. Everyone has a different situation.

Based on what I have observed as well when the price of bitcoin is going up that time that people are doing a panic selling, they are encouraged more when they are seeing that the price is going up, they don't see the opportunity when the price is going down.

aoluain

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Quote from: imapessimist on March 03, 2018, 01:01:56 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.

Just look back to November and December of 2017 when BTC price was running
up to almost $20k. A lot of people didnt see that it wouldnt last and not even
reach $20k.

Different people have different outlooks for BTC, there are those who cannot
read the markets and trade blindly and there are those who are adept at reading
and are experienced traders. Everyone has a different situation.

DeathAngel

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Technically the best time to buy is when the price is going down but people gain interest in bitcoin when the price is going up. Soaring prices bring in new money but really there is no bad time to buy bitcoin as in a few years we’ll be sitting on 6 figure USD valued bitcoin’s.

pealr12

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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.

KorakPawon

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Quote from: imapessimist on March 03, 2018, 01:01:56 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.

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 ...

haroldtee

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Quote from: jamids on March 04, 2018, 10:16:45 PM

Quote from: imapessimist on March 03, 2018, 01:01:56 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.

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!!

iv4n

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Quote from: Naficopa on March 05, 2018, 06:53:06 AM

Quote from: imapessimist on March 03, 2018, 01:01:56 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.

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.

Naficopa

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Quote from: imapessimist on March 03, 2018, 01:01:56 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.

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.

matuson

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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.

eann014

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Quote from: imapessimist on March 03, 2018, 01:01:56 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.

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.

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Quote from: arpon11 on March 03, 2018, 03:55:51 PM

Quote from: imapessimist on March 03, 2018, 01:01:56 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.

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.

In trading Bitcoin we must have a goal so as not to be confused, because sometimes beginners, especially Bitcoiner Idealis often confused must collect Bitcoin or just pursue profit in selling Bitcoin. If you've decided to become a Bitcoin Trader then sorry you have to bury the soul of your Idealist Bitcoiner deeply. Remember we are here to collect rupiah from the difference between selling and buying not Bitcoin.

JMD07

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Quote from: imapessimist on March 03, 2018, 01:01:56 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.

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.

MAJICOIN

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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.

bering

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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

jseverson

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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.

amaydel

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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.

Don Pedro Dinero

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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.

Pricelessent

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Quote from: batang_bitcoin on March 03, 2018, 04:13:18 PM

Quote from: imapessimist on March 03, 2018, 01:01:56 PM

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?

Quote from: imapessimist on March 03, 2018, 01:01:56 PM

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.

airdagon

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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.

Slash61

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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.

pooya87

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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!

jamids

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Quote from: imapessimist on March 03, 2018, 01:01:56 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.

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.

exstasie

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Quote from: imapessimist on March 03, 2018, 01:01:56 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."

BrewMaster

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Quote from: imapessimist on March 03, 2018, 01:01:56 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.

you are making a lot of wrong assumptions here.
first one is assuming that the price people are buying at is "quite high". obviously those who are buying don't share your views. and just because it is higher than a couple of months ago, it doesn't mean it is "high".

second is assuming that price would fall, specially assuming a big fall to $6k again. again just because it is higher now, it doesn't mean it will fall. it just means you missed the time when it was lower.

and actually this way of thinking is the reason why prices shoot up instead of having a nice slow rise like we have been seeing in the past month. people like you are not a small group. you are a lot of people! and thinking it will fall everyone of this group waits around to buy when it falls and when price never falls and instead rises higher and higher they finally give up waiting and rush in FOMO buying bitcoin.

RamonBTC

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Quote from: imapessimist on March 03, 2018, 01:01:56 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.

Don’t act as 6000$ is the only right price to buy and profit. If that’s your strategy then you will not buying a year from now when the prices are at 20000$ and the probability of future profits is more than that. I’m buying on this price and many does and to call them faked is totally out of context. If no one buys on this price do increases happen? You need some rest to think clearer.

vhiancs

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--=oOo=--

Quote from: imapessimist on March 03, 2018, 01:01:56 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.

The price of bitcoin has never been faked and everyone has their own method to earn bitcoin currency so you can not do anything if they buy at the current price of bitcoin maybe they have a good strategy to grow bitcoin they bought. if you notice the current price of bitcoin is $11,000 for the person who have been long in bitcoin world they can say that it is cheap price because the previous bitcoin price is $ $20,000.

Slow death

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Quote from: imapessimist on March 03, 2018, 01:01:56 PM

I don't understand why people would buy at this price which is quite high...

Quote from: imapessimist on March 03, 2018, 01:01:56 PM

Who is buying at this price? Or could it be faked.

Good question, I've separated the questions to make it easier. Let's see why it was that people bought it when the price was $19000? this is the same question that you asked, I added a number to be easier to explain.

Future Bitcoin Price $25k is Conservative Estimate: Tommy Lee

“Today, that allocation is much greater, it's closer to 10 percent or 15 percent in some portfolios. So, at a five percent allocation it would value Bitcoin at $25,000. You could easily get to $100,000, $200,000 numbers.”

Bitcoin Destined For $28,000 In 2018 - Moas

“My target for 2018 is $28,000 and it may get upgraded again in the next few months.”

People read analysts' optimistic comments and They are convinced that any price below $20,000 is very low, so they can buy at any price below $20,000

aardvark15

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Quote from: imapessimist on March 03, 2018, 01:01:56 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 don’t know the answer but it’s pretty obvious that serious investors that know what they are doing will mostly buy when the price is low unless they have lost confidence in a particular coin.

We also know that newbies will try to jump on the bandwagon and buy when the price is high in hopes that they can get in on the gains. Then they tend to sell as the price is dropping to cut their losses.

tomahawk9

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Quote from: imapessimist on March 03, 2018, 01:01:56 PM

I don't understand why people would buy at this price which is quite high for the last month or so.

People buy BTC at any price, after all, for most of them buying BTC is an invesment, so there's no other reason to buy right now other than the expectation of benefits in the short-term or long-term. Also, to many people the current price represents an opportunity (entry point) before the next bull run begins (given how there's a bullish sentiment in the market right now). People look at the current uptrend and think it'll keep going up (FOMO), meaning that more demand = higher price.

Quote from: imapessimist on March 03, 2018, 01:01:56 PM

Would people not pile in and buy if the price went down to 6k.

Like I said, this uptrend could mean that price will keep going up so it's better to buy right now than later when the price reaches 13k or 14k. If it goes down, well, doesn't matter since there's a high chance that the price will go up in the long-term.

pixie85

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Quote from: cpfreeplz on March 03, 2018, 01:03:24 PM

People are buying at every price.

And they are selling at every price too.

Quote from: cpfreeplz on March 03, 2018, 01:03:24 PM

Wtf are you going on about lol? We're still at about 50% of the ATH so it's still a bargain. We won't be staying here too long. Don't get used to it. Also, 6k!? Lol yeah right. Never again in our lifetime.

And we're at 300% rise since Spring 2017. You're right that we won't be staying here for long but I don't see any reason to disregard the possibility of retesting the lows again before we go up.

richardsNY

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It's actually very simple, an increasing market makes the average people (dumb money) gain confidence, and that confidence is strong enough to make them buy. From their perspective everything is black and white, meaning that an increasing market represents a good market, and a decreasing market represents a bad market. Smart money however gains confidence when it comes to buying at the time the price is going down, because that at the end of the day grants you the best possible profits. It's a difference in mentality that seperates losers from winners, because when dumb money finally pulls the trigger and starts buying, it's more often than not very close to peak levels....

fabiorem

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This price is low. People will be more likely to buy if they see it increasing.

liseff3

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At $ 6,000, it seems they are afraid of a deeper decline. And now many people buy it, because at this time bitcoin often fluctuate toward the price improvement scheme, and there will be seeds they can take.

imapessimist

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I think Bitcoin is massively overvalued. But I suppose people must know what they're doing. Somebody else I spoke to said the same.

aso118

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Quote from: imapessimist on March 03, 2018, 01:01:56 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.

The market price reflects the price at which the number of sellers (actually the volume of coins offered for sale) matches the number of buyers. This is basic economics. The price has risen because more people think that Bitcoin is undervalued, are purchasing bitcoins and pushing the price up. If people are buying when the price of Bitcoin is $11,000, it is because they expect it to go higher.

Hazir

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I will tell you what is going on here, people en masse were swept into a mob psychology, irrationally throwing their common sense to the wind and buying when there is hype in the air.
It is easier to follow the mob when there is euphoria in the air and bitcoin is rising, you can relate to other people and share the positive emotions with them.
That is the reason it is so easy to buy bitcoin when the overall market sentiment is positive, and so few people are taking advantage of the crashes, declines and moments when FUD is circulating in the air.

batang_bitcoin

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Quote from: imapessimist on March 03, 2018, 01:01:56 PM

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?

Quote from: imapessimist on March 03, 2018, 01:01:56 PM

Or could it be faked.

It can't be faked.

arpon11

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Quote from: imapessimist on March 03, 2018, 01:01:56 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.

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.

Eternu

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Quote from: imapessimist on March 03, 2018, 01:01:56 PM

I don't understand why people would buy at this price which is quite high for the last month or so.

People are buying when price is going up because they missed moment when price was nice and low, and because they think it will continue to rise.

Quote from: imapessimist on March 03, 2018, 01:01:56 PM

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?

There is chance for price to hit $6k, but they are low. People are buying when they think the moment is good. Depending on the situation, probably most people would buy if another drop like last one occur.

Quote from: imapessimist on March 03, 2018, 01:01:56 PM

Or could it be faked.

Value of bitcoin can't be faked, which means people are buying it.

cpfreeplz

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People are buying at every price. Wtf are you going on about lol? We're still at about 50% of the ATH so it's still a bargain. We won't be staying here too long. Don't get used to it. Also, 6k!? Lol yeah right. Never again in our lifetime.

imapessimist

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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.

Topic: People more likely to buy if price goes up or if price goes down (Read 564 times)