Topic: wait for the crowds to turn up? (Read 170 times)

I do disagree with you, most of the price action in the space is price manipulation, majorly by exchanges that employ market makers to help with the pump and dump. Whales are very important in this but exchanges are the greatest actor here, they know how human psychology works and they decided to work on this.

That is one of the worst analogies I have ever seen in my over 5 years of crypto life.

Crypto currencies and strawberries have nothing common in "selling", nobody is selling bitcoin like its a product, they are exchanging bitcoin, those "buys" and "sells" you see on exchanges are usually "buy bitcoin for x dollar" or "sell bitcoin for x altcoin" and so forth which means they are exchanging, they still have it and exchange back.

The most crucial and simple example here is that when you sell strawberries and have dollars, you do not buy strawberries back from that person, people are not walking around selling strawberries to each other but millions do exchange bitcoin to each other every single second. Mixing an investment with a product and thinking selling both of them are same thing is moronic.

well , no need explanation like that.
because this is global market.
and many many market and "stall"
and all of them synchronization from one to another.
not like ur strawberries.

The whole price movement is  simply based on demands and supply. No need complicating it with difficult explanations.
Price goes up when there is more demand for a coin and goes down when demand is less. It stays sideways when demand and supply is at equilibrium.

How prices move from one level to another, without having to trade at any price in between, is important. The interaction between buyers on the bid and sellers on the offer is the key to understanding how prices trend.

Once the whales build a position, they hold the majority of the inventory. By maintaining high levels of stock, they can place buy orders to drive prices up. If there are no sellers above the buy price, the bids will outnumber the offers and prices will rise.

And when prices break out of an accumulation base, they start to trend. This is when the media coverage begins. This is when the public start to buy. This is when prices trend.

It’s funny — most people intuitively understand this when it comes to everyday life.

Let’s say you own a market stall and you trade strawberries.

Early in the morning, you go to your supplier, and you pay the wholesale prices for your goods.

You get to market, and you set out your stall. That’s the supply.

Then you wait for the crowds to turn up.

At first, business is slow, but you don’t worry about it because you’ve got all day to clear your inventory.

By lunchtime you’ve only sold half of what you expected, so you get off your chair and get active.

“Hello Madam, three for a pound?”

You drop your prices to attract demand.

Better to breakeven on this day or take a small loss. You can’t win them all.

Almost everyone understands this when it comes to strawberries. But turn the strawberries into shares of stock, or crypto coins and tokens, and the opposite happens.

People, in general, become confused and have no idea what’s going on.

If the market stall is going to close in 10 minutes and there are kilos of strawberries still laid out, there’s no way you’d pay the market price. You’d either ask for a discount or the trader will offer you one, or both.

Metamosphosise the strawberries into real estate, Apple shares, Bitcoin or Ethereum, and all the intuition disappears.

Why does this happen?

Why do otherwise well educated and highly intelligent people behave like this?

Would you second guess yourself in the last few minutes of the day in front of a well-stocked market stall? You’d know what to do instinctively, and you’d nail a bargain, yet why do most people ignore their instinct and intuition when bidding for an asset like cryptocurrencies or stocks?

https://www.altcoinsidekick.com/blog/electronic-cocaine