Topic: Why do people buy high and sell low (Read 2485 times)
I have felt it. Perhaps the main reason is that he began to join the world of crypto and not yet know when the lowest price and when prices will rise. Because this trivial thing can hurt us. And the victim of that loss is me when the panic prices fall down I finally sell cheaply.
I've been one of those people, the people that buy at the high points of crypto and then sell low, losing my money and then later on losing out on a good amount of profits which I could've made. I'd like to know some of the reasons that people do this, besides doing it to cut their losses as that one is my reason.
Thanks guys!
I think they buy high sell low because they are going to the point that they emergency need money that's why they don't have a choice but only to widraw my profits and converted to fiat. Thanks guys!
I bet, they are doing that because of the current state of bitcoin now. They are doing the what we call "panic selling" which decreases their assets but almost increases their liabilities. They are afraid that they will not be able to get the exact amount they pay when they bought bitcoin, that's why they atleasr think, selling at low price would not hurt much.
in this scenario, when they buy they think that the price will continue to go up, and the reason for the sale is that they simply panic
These people must be carried away by the market movements. I also observed some people who are buying during the times of strong pumps. Perhaps because they believe that the pump will last long. And yet they ended up complaining because they are losing a good portion of their investment, and then they sell their coins cheap. I think that this strategy, if it may be called such, is not really good.
Investing in bitcoins has never been easier and trading more difficult if you do not really understand the cryptocurrency market. Learn from the market a lot of knowledge and experience if you want to succeed.
Panick is the reason why they buy high and sell low their coins. We know that the ups and downs status of coins in the cryptocurrency world market is a part of its risk. But what triggers mist to sell investors coin is the fake news that they can read through internet. They say crypto would die anytime causing them to panick. It's better to hold on than panicking.
Investing in bitcoins has never been easier and trading more difficult if you do not really understand the cryptocurrency market. Learn from the market a lot of knowledge and experience if you want to succeed.
I've been one of those people, the people that buy at the high points of crypto and then sell low, losing my money and then later on losing out on a good amount of profits which I could've made. I'd like to know some of the reasons that people do this, besides doing it to cut their losses as that one is my reason.
Thanks guys!
I've been experienced this too i buy high and sell low because of panicking when i saw the market going down. But i got cover up my loses because i will buy again at the bottom so i will get a good profit on it. Thanks guys!
That's the result because someone who bought bitcoin at a high price and then sell it at a cheap price because they are afraid bitcoin it will always go down so that panic sell but this is the most wrong action should the brand wait until the bitcoin is back up so the brand does not lose.
I think because they believe that the strategy of buying low and selling high is normal for newbies in the crypto world and it is the best way to increase asset and to gain profit from trading.
Honestly its just basic human instinct at the core: They see something they want, they do what they need to do to get it. Then, the same thing but in reverse, danger instincts say that when you see danger in the price dropping, you sell. Being a good trader is all about being able to do almost the exact opposite of what you're comfortable with.
Actually it is caused by fear, fear the price of the coin will not be able to go back up or as expected again. Though maybe if we are patient, its price will probably increase again. But this is like the world of cryptocurrency no one can be guessed or made sure.
In my opinion, fear and greed are the main reasons why people buy high and sell low. In first step, entry point is where is fear of missing out or commonly abbreviated to "FOMO". At that moment people have hope that price of particular asset or coin will go up... In first scenario price goes up, but they did not sell and take profits because of greed and thinking in a way that price will always go up, usually this sort of people do not have target price, or their targets is unreachable in short term. In second scenario price goes down and no one really knows where is bottom, they wait or sell lower, if they did not sell and price is still going lower and lower then there comes emotions of fear, uncertainty and doubt which is commonly abbreviated to "FUD".
The best solution for me and for most of people that do not have very good knowledge is to hold asset or "HODL" until our target (price) is reached.
The best solution for me and for most of people that do not have very good knowledge is to hold asset or "HODL" until our target (price) is reached.
I've been one of those people, the people that buy at the high points of crypto and then sell low, losing my money and then later on losing out on a good amount of profits which I could've made. I'd like to know some of the reasons that people do this, besides doing it to cut their losses as that one is my reason.
Thanks guys!
Some people buy coins at high price and then will sell at low price this is because they will panic to the price if they have noticed the price is going to rise they will buy and cannot wait to get low so they can buy at high price. When they have noticed the price is down, they will sell their hold coins because of the fear that the coins might get so very low. In short, they got panic and this is not good attitude for a good trader. Thanks guys!
We need patience in crypto world. Do not panic when the price is lower and lower. Just hold until it is going back high. Next time when you buy study the price chart of the coin when it is low or high.
There is few reasons that some people buy crypto currencies high and then sell low. Firstly the new comers and investors who havent good knowledge about the volatility and the market unstability, they have many doubts and panic whenever the price go down and as a result they prefer selling than holding and waiting until the price go up again. Also some traders just need cash for urgent purpooses thats why they sell with actual price even if it is low.
People tend to panic that's why they buy coins when the price is high knowing that it will double the money that they invest since the value of the coin will be increasing more but if the outcome of their investment is not what they expected, they will dump the coin immediately, that's why people tend to buy when the price is high and sell when it's value is low.
Buying at high prices and selling at low price is sometimes due to the untimely buying of coins because of the expectation that price will still rise. Then selling at low price is the result is the result of panic. So it is best to study the current price trend before making such decision to buy coins to minimize losses.
That's the FOMO (Fear of missing out) syndrome..it usually happens when big influencers says something good about a certain asset/coin , pump and dump groups,or an update release for some projects..some traders gonna buy it and buy in the middle of the hype but before they knew it big dumpers are already waiting to take profits from it..when you do trading just try to control your emotions and dont be afraid or too greedy.when your expecting a 20% profit from your trades dont be afraid to lose 40% of your capital per trade..
I've been one of those people, the people that buy at the high points of crypto and then sell low, losing my money and then later on losing out on a good amount of profits which I could've made. I'd like to know some of the reasons that people do this, besides doing it to cut their losses as that one is my reason.
Thanks guys!
Thanks guys!
In order to earn profit in the market you need to invest on cryptocurrency while the price is low and sell them again when it increases just the normal way of earning profit but since people are worrying about their loss , they tend to sell their investment at the lowest price when the market's value is dumping.
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