I have now heard a lot of people talking about they are waiting for bitcoin to drop, so that they can buy bitcoin. But these guys might have said that since 6k$ and are still waiting. What do you tell those people, to try and make them understand that waiting for a drop can cost them huge percentage gains?
they should understand, that when prices start to stabilize below, it is in a saturated state. so it won't dump again. and they should have bought Bitcoin to prepare for the pump price. Bitcoin prices are currently stable. an increase of only $ 6000 - $ 7000. and I say this is the saturation point of bitcoin trading. 
Topic: Psychology of waiting (Read 2751 times)
Yes the the one person is me whosold at what I thought would be the peak ($5k) hoping to buy back in at a dip around $2k again.. it never happened. They're all speculators, the people saying a "dip is imminent". It might be, it might not be. If they're right, they'll boast about it, if they're wrong, you won't hear them mention it again and it will be forgotten.
Which is why it is useless to try to predict what the market is going to do, the market is going to move independently of what we want and yet people make all kind of predictions about what the price is going to do and even worse they put huge amounts of money behind their words and when their predictions fail instead of blaming the methodology that they use to get those predictions they blame the market as if the market did something wrong.Who estimates price based on any analysis type, but there are so many ways to predict. Maybe they try the right way. The fact, cryptocurrency is often unpredictable and sometimes it makes the analysis usless. Maybe chance also helps.
Yes the the one person is me whosold at what I thought would be the peak ($5k) hoping to buy back in at a dip around $2k again.. it never happened. They're all speculators, the people saying a "dip is imminent". It might be, it might not be. If they're right, they'll boast about it, if they're wrong, you won't hear them mention it again and it will be forgotten.
Which is why it is useless to try to predict what the market is going to do, the market is going to move independently of what we want and yet people make all kind of predictions about what the price is going to do and even worse they put huge amounts of money behind their words and when their predictions fail instead of blaming the methodology that they use to get those predictions they blame the market as if the market did something wrong. 
Yes the the one person is me whosold at what I thought would be the peak ($5k) hoping to buy back in at a dip around $2k again.. it never happened. They're all speculators, the people saying a "dip is imminent". It might be, it might not be. If they're right, they'll boast about it, if they're wrong, you won't hear them mention it again and it will be forgotten.
they should see and realize that the price cannot go down again. because the lowest price in the past few months was $ 5800, and now the price has stabilized at $ 6000- $ 7000. so what are they waiting for. it's still a good time to buy and collect bitcoin. if they are still waiting, they will lose the big moment to come, tell them don't wait longer just for the price of 1% lower than now, because they can lose 100% profit in the future.
I still find it kind of strange as I have seen a lot of investors who said that they will purchase bitcoin if its values drop below $6200 USD per bitcoin, and when the price of bitcoin did truly dropped below $6200 USD per bitcoin in the past few months, I did not see a lot of trading movement in the trading market as compared to last year bull market, I guess this might be some sort of human psychology that most investors are only willing to invest their money in a trading market that is showing bullish signs, and that is one of the reason why some investors are highly likely to lose their money in trading due to the fear of missing out effect.Some people tend to break their promises, for example is that they are going to buy once bitcoin reached the price that you have mentioned, but they didn't because they are expecting that it will decrease more, and that is the greediness that kicked in. By that, we will lose the opportunity to make profits by buying on the dip because what we thought was wrong, or we could make profits because what we thought was correct.
Traders mind is complicated, they wanted to maximize the chances of making profits, that is why sometimes the result is not always as what they are expecting.
Yeah. Peoplre say things they don't intend to do. Perhaps they just want to influence other people's decision, who knows. This is how whales do it. If you don't take time to understand how things work, you'll drown.
big money is made on the ability to endure, so the expectation of $ 6000 may not be such an unrealistic price
they should see and realize that the price cannot go down again. because the lowest price in the past few months was $ 5800, and now the price has stabilized at $ 6000- $ 7000. so what are they waiting for. it's still a good time to buy and collect bitcoin. if they are still waiting, they will lose the big moment to come, tell them don't wait longer just for the price of 1% lower than now, because they can lose 100% profit in the future.
I still find it kind of strange as I have seen a lot of investors who said that they will purchase bitcoin if its values drop below $6200 USD per bitcoin, and when the price of bitcoin did truly dropped below $6200 USD per bitcoin in the past few months, I did not see a lot of trading movement in the trading market as compared to last year bull market, I guess this might be some sort of human psychology that most investors are only willing to invest their money in a trading market that is showing bullish signs, and that is one of the reason why some investors are highly likely to lose their money in trading due to the fear of missing out effect.Some people tend to break their promises, for example is that they are going to buy once bitcoin reached the price that you have mentioned, but they didn't because they are expecting that it will decrease more, and that is the greediness that kicked in. By that, we will lose the opportunity to make profits by buying on the dip because what we thought was wrong, or we could make profits because what we thought was correct.
Traders mind is complicated, they wanted to maximize the chances of making profits, that is why sometimes the result is not always as what they are expecting.
They all are waiting for a dip, but the reality is that this dip is never going to come, and if it happens, there will be a lot of fud over the price and no one will buy bitcoin anymore because of fear (including all of those guys,
lol)
I have been in this forum for a long time, and seriously, i have read a lot of stories about people waiting for dips and corrections and so on, and trust me, none of them is going to re-buy if there is a dip, because they do not even have balls to buy on a bearish trend.
It is simple as that.
I think waiting is only helpful if you have one in hand, if you don't have any BTC then you just wait and watch all those lambo's driving your streets and you hoping to reach there, its all about making profits in between the jumps , hodl games work only if your wallets are filled with crypto you bought at its lowest price. lol)
I have now heard a lot of people talking about they are waiting for bitcoin to drop, so that they can buy bitcoin. But these guys might have said that since 6k$ and are still waiting.
I have been in this forum for a long time, and seriously, i have read a lot of stories about people waiting for dips and corrections and so on, and trust me, none of them is going to re-buy if there is a dip, because they do not even have balls to buy on a bearish trend.
It is simple as that.
they should see and realize that the price cannot go down again. because the lowest price in the past few months was $ 5800, and now the price has stabilized at $ 6000- $ 7000. so what are they waiting for. it's still a good time to buy and collect bitcoin. if they are still waiting, they will lose the big moment to come, tell them don't wait longer just for the price of 1% lower than now, because they can lose 100% profit in the future.
I still find it kind of strange as I have seen a lot of investors who said that they will purchase bitcoin if its values drop below $6200 USD per bitcoin, and when the price of bitcoin did truly dropped below $6200 USD per bitcoin in the past few months, I did not see a lot of trading movement in the trading market as compared to last year bull market, I guess this might be some sort of human psychology that most investors are only willing to invest their money in a trading market that is showing bullish signs, and that is one of the reason why some investors are highly likely to lose their money in trading due to the fear of missing out effect.Actually it's hard to control our emotion in trading so it's really important to stick with the plan, even when the time that bitcoin hit it's all time high, I heard some people who are saying they'll buy at $15,000 but were silent when we did reach that price.
they should see and realize that the price cannot go down again. because the lowest price in the past few months was $ 5800, and now the price has stabilized at $ 6000- $ 7000. so what are they waiting for. it's still a good time to buy and collect bitcoin. if they are still waiting, they will lose the big moment to come, tell them don't wait longer just for the price of 1% lower than now, because they can lose 100% profit in the future.
I still find it kind of strange as I have seen a lot of investors who said that they will purchase bitcoin if its values drop below $6200 USD per bitcoin, and when the price of bitcoin did truly dropped below $6200 USD per bitcoin in the past few months, I did not see a lot of trading movement in the trading market as compared to last year bull market, I guess this might be some sort of human psychology that most investors are only willing to invest their money in a trading market that is showing bullish signs, and that is one of the reason why some investors are highly likely to lose their money in trading due to the fear of missing out effect.
they should see and realize that the price cannot go down again. because the lowest price in the past few months was $ 5800, and now the price has stabilized at $ 6000- $ 7000. so what are they waiting for. it's still a good time to buy and collect bitcoin. if they are still waiting, they will lose the big moment to come, tell them don't wait longer just for the price of 1% lower than now, because they can lose 100% profit in the future.
I think that before buying bitcoin, you need to analyze the market and understand in which particular zone the price is now. If at the moment the price is too high, then it's better to wait a little. If the price is adequate or low enough, then you need to buy.
It is also very important how exactly people are going to trade. If the purchase is made for the purpose of daily trading, then there is no sense of a long wait for the price to fall. For all this time you will be able to earn much more. If buying bitcoin for long term trading, then it makes sense to wait for an acceptable price to buy.
In general, when a person purchases for the first time, fear and uncertainty seize the person. It is these feelings that prevent coins from buying.
It is also very important how exactly people are going to trade. If the purchase is made for the purpose of daily trading, then there is no sense of a long wait for the price to fall. For all this time you will be able to earn much more. If buying bitcoin for long term trading, then it makes sense to wait for an acceptable price to buy.
In general, when a person purchases for the first time, fear and uncertainty seize the person. It is these feelings that prevent coins from buying.
There are two angles to waiting. If you are a bag holder and you are waiting for a spike to offload your bag. This kind of waiting can be quite frustrating, you see your portfolio nosediving right in your presence and you are helpless. You are glue to the charts watching for any sign of life. The other waiting is much easier, you have your capital intact, you are just waiting for the best entry. It can be tricky too, it's not easy to tell the bottom and the best time to get in. You will lose out on good profits if you miss the entry. Patience is not an easy virtue but quite essential in crypto space
There is nothing wrong with waiting itself, but you must realize why you are waiting in the first place, there are many that are just waiting for an opportunity to sell their coins even for a loss and obviously those that are waiting with that intent are doing it for the wrong reasons, but if you are waiting because you are watching the markets and you are trying to find the best opportunity to try to make the most money out of your investment then you are doing it for the right reasons. There are two angles to waiting. If you are a bag holder and you are waiting for a spike to offload your bag. This kind of waiting can be quite frustrating, you see your portfolio nosediving right in your presence and you are helpless. You are glue to the charts watching for any sign of life. The other waiting is much easier, you have your capital intact, you are just waiting for the best entry. It can be tricky too, it's not easy to tell the bottom and the best time to get in. You will lose out on good profits if you miss the entry. Patience is not an easy virtue but quite essential in crypto space
I guess I am in the first one, I have a lot of coins and I have been watching them all the time, this is very frustrating because the market now is not good. However, I should stay calm and stick with my plan as I was able to cash out big with this method last year when bitcoin reach $20K.
I have now heard a lot of people talking about they are waiting for bitcoin to drop, so that they can buy bitcoin. But these guys might have said that since 6k$ and are still waiting. What do you tell those people, to try and make them understand that waiting for a drop can cost them huge percentage gains?
The psychology of waiting is a bad feeling that causes people to live in constant stress. Especially those who invest in the bull period will be well aware that this waiting period seems to be quite a long process and your stress increases in every decline wave. This bad psychological situation, which is the main reason for panic buying and selling, is usually the worst fear of all investors. In addition, this psychological situation only affects our lives in the sector. I don't want to go without saying that we have a bad feeling that causes many of the balance of our body to change. Therefore, the best advice I can make to investors is to make long-term investments and not to experience the stress of short-term fluctuations. Of course, long-term investment will lead to a longer waiting period, but it will also help to experience less stress in the short term. Therefore, I do not recommend you to invest in preparing yourself for this psychology.
Now i understand how to make profit consistently in crypto trading. In bull market the price of crypto will going up to 10 to 100 times a few month, but in bearish market the price will going down to 70% to 90% in a few month as well. So after all price of crypto on the top, we should be waiting a few month to buy back untill the price dumped to 70% to 90%.
There are two angles to waiting. If you are a bag holder and you are waiting for a spike to offload your bag. This kind of waiting can be quite frustrating, you see your portfolio nosediving right in your presence and you are helpless. You are glue to the charts watching for any sign of life. The other waiting is much easier, you have your capital intact, you are just waiting for the best entry. It can be tricky too, it's not easy to tell the bottom and the best time to get in. You will lose out on good profits if you miss the entry. Patience is not an easy virtue but quite essential in crypto space
I guess I am in the first one, I have a lot of coins and I have been watching them all the time, this is very frustrating because the market now is not good. However, I should stay calm and stick with my plan as I was able to cash out big with this method last year when bitcoin reach $20K.
There are two angles to waiting. If you are a bag holder and you are waiting for a spike to offload your bag. This kind of waiting can be quite frustrating, you see your portfolio nosediving right in your presence and you are helpless. You are glue to the charts watching for any sign of life. The other waiting is much easier, you have your capital intact, you are just waiting for the best entry. It can be tricky too, it's not easy to tell the bottom and the best time to get in. You will lose out on good profits if you miss the entry. Patience is not an easy virtue but quite essential in crypto space
Honestly waiting with patience is very big thing most of the traders will lose their patience at the wrong time will cost them huge amount,but one who understands the technology of bitcoin will results to be patient in long term for that never invest more money than you can afford to lose.
I agree, once we enter crypto world we must know how to be patient and willing to wait for the right time to sell, especially if you don't have huge amount to invest here. Once you invest with cryptocurrencies make sure that you will just put the amount that you can afford to lose, that even you just sit still and wait for years it doesn't matter because you just put the amount here that you are willing to lose and this is maybe your bonus if the price will increase. 
Waiting never makes us lose percentages, precisely on the contrary we will get a presentation that's bigger than before except time which we consume to wait for the existence of greater change. We were not disappointed with the time we spent, however long it waited it was better than selling it today.
Jump to: