I remember last year December when BTC was reaching almost $20k people saying: "I missed good price, I should have invested more, I would go all in if I see $6k again" And when it happened many of them are in panic now and leaving the market. Strange logic.
Well I don't blame them. They have lost faith but if you've been trading or even study the trends and chat, you'll know this is just a retracement. It will go back up and surpass the 20k mark. 
Topic: Psychology of waiting - page 2. (Read 2755 times)
I remember last year December when BTC was reaching almost $20k people saying: "I missed good price, I should have invested more, I would go all in if I see $6k again" And when it happened many of them are in panic now and leaving the market. Strange logic.
They are not using any logic that is the problem, people say a lot of stuff but when it comes to the time to practice what they say many people are going to fall short, it was very easy to say that you will buy bitcoin at 6000 when you already knew that it will reach 20000, but now that the price of 6000 has appeared people have no confidence that the price is going to go that high again and that is why they are not investing in bitcoin right now.
I remember last year December when BTC was reaching almost $20k people saying: "I missed good price, I should have invested more, I would go all in if I see $6k again" And when it happened many of them are in panic now and leaving the market. Strange logic.
I have now heard a lot of people talking about they are waiting for bitcoin to drop, so that they can buy bitcoin. But these guys might have said that since 6k$ 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?
That's is true if the price drop is opportunity to buy any kind of coins or altcoin to gain if the price is pump
But talking about this current position of dropping is not a normal dropping its been almost a year price crisis
All people are waiting for the pump due to asome of this had a lot of loses because of continue dropping
Now and for now, anyone is expecting the market to rebound, but no one is sure when and when the market will recover. So I thought about waiting, then the opportunity would come
You've got explained all nicely and stumble on the simple purpose behind the buying and promoting strategies of the investors. Certainly there is an expansion of buyers and we can't count on that everybody has comparable behavior. There are folks who don’t care approximately the marketplace prices for purchasing and promoting, they may be honestly involved approximately having bitcoin and keeping it for long time given that they are not in need of money.
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.
One of the big problems with traders is that they trade too much, it may seem weird to say something like this but it's the truth, whenever I have tried to trade there have been several days in which I did not saw a single opportunity to trade and I was fine with that, but for many traders they feel that if they are not out there in the market trying to make money then they think they're wasting their time not understanding that if they get into the market when there is not a clear trade for them to make they will lose money. 
Waiting into the boom of all cryptos is very rare now as all of the traders are panicking because of the decrease of value of mostly coins and tokens in the market. But who are the one whom is waiting on the golden era will probably earn profit at the end of the day. It is not about hodling and good in trading it is the virtue of a waiting since the others are panicking, lol. Legendary traders, Hahaha.
It is more convenient for them to wait. Because, in order to become a trader and buy coins, you need an internal power. It's always hard to start something.
use the opportunity as best as possible, don't let you wait too long and expect the price of bitcoin to be very cheap, because no one knows tomorrow bitcoin can experience a very drastic increase because the cryptocurrency market always gives surprises that we never knew
This is your opinion - the syndrome of lost income. You need to think about raising the reliability of your briefcase, and not afraid to miss the income. Buying early the time, it can also cost a big percent.
Not all the time the percent of your having some perks of buying is a must there is some certain thing that you have to think wise for no matter what you have to deal with.
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?
I'm one of the waiters. I still have about 35% of my cash in Tether waiting to get in. This jump to 7k hurts. I did however get a partial position while we were down under 6k. Time will tell if it will work out $ wise.
This is your opinion - the syndrome of lost income. You need to think about raising the reliability of your briefcase, and not afraid to miss the income. Buying early the time, it can also cost a big percent.
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 think that it is not easy to wait but as for me this is not as difficult as I am a patient person who is always weighing pros and cons never hurrying. I think that btc holding strategy is the best
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?
Right now the price of Bitcoin has dropped, maybe these is the time that they buy for it. We will never know when Bitcoin price will go up again like the previous year but it will surely come.
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?
Some people (smart people) waiting not 5000 they are waiting for big up impulse (say on +50%). Only after correction of such impulse, they will buy on big money.
They don't care what the price will be 5k, 6k, or 7k they need the impulse to start preparing big money (withdrawing from deposits, etc)
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?
Right now the price of Bitcoin has dropped, maybe these is the time that they buy for it. We will never know when Bitcoin price will go up again like the previous year but it will surely come.
I think this post was made when btc was close to $18 and since then till now btc has fallen to around $6000 and same people might not habe bought, they may still to wish it goes to $1500, to me waiting is relative and as a short to medium term trader, I may not want to wish price drops to such level before buying, the idea is always to buy low and sell high and when the market goes against me, I exit
right, they shouldn't have to wait anymore to buy because prices will continue to change and they can lose the opportunity to buy at low prices, so don't hesitate to buy and invest, do it now
Jump to: