Why do people buy high and sell low - page 25.

Apened

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Quote from: Falmera on March 15, 2018, 02:31:38 AM

Quote from: squatz1 on March 11, 2018, 11:03:57 PM

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!

Maybe you are just in a hurry. If we think we can not gain profit in selling our coin why shall we do it? Unless there is a valid reason for doing so. If we are out of budget or there is really an urgent need for fiat money. Or we are simply afraid of the negative thinking that soon the coin will no longer usable.

I think its not the reason because you will sell your coin when market is dumping a little by little you will think up on panic selling to not loss big amount from your base capital money. Negativity and not so much information about crypto will make you sell at low price. Education in crypto study the historic charts before and you will going to find what is the best possible month of bull run to sell and bear run to buy.

Digital Mutant

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fud
fomo
panic
we are humans....

but we learn from errors(I hope)

Leonia-Ridinger

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Yes, I think it's a psychological defense mechanism. If people were all acting rationally they would not sell low. Of course, I understand selling low from the necessity, because you need money right now etc. I think if you're doing the right strategy (buying with money you "don't need", be it $100 or $1000 a month, buying when the prices are low, taking ~10% of gains), then you are not concerned when market corrections happen. Also, the longer you are in this game, the more you follow the market, you'll learn that fallbacks of 50%-80% are a regular thing and nothing to worry about. Quite the opposite, that's the time to buy more. Every time there's a pull back, media predicts the end of Bitcoin and crypto, and market sentiment is low. But it's all short term. It comes back stronger every time, no exceptions. When I was starting I put $100 on a coin, and it went down 90%, it's still down. Not selling though, one - it was just $100, and two - in two years it might be worth $1000, who knows

so these are hopefully some useful tips to make people more rational by looking at the larger picture and not panic sell.

jaocoincrypto18

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Quote from: squatz1 on March 11, 2018, 11:03:57 PM

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!

The most likely reason is you easily become panic and afraid to lose the investment so better selling low than the value to become zero which is the worst but this behavior are very common to others which mean you are not alone in this situation but the problem of this is if most of all investors are just like you then a certain coin will be probably to be crap because panic selling will make a certain coin to become useless and will be supersede.

shinchan123

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Quote from: squatz1 on March 11, 2018, 11:03:57 PM

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!

Inexperience leads to wrong decision. Some people buy during the peak because of FOMO, and decide to sell when they figure out that the price is going down and will never come up again. Sometimes panic selling causes this too. Being too impatient and emotional during the market crash will just make you incur losses.

cavaBcoin

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Quote from: squatz1 on March 11, 2018, 11:03:57 PM

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!

The main reason why people buy at high point and sell at a low point is due to not having experience, knowledge to determine time buy into and don't dare sell out when the price is falling down. All these things usually happen with new traders who never controlled their emotion. In this market, you only can win if you control your emotion, this is mean you have to cut loss if your prediction is false.

INNOVATIVE BIORESEARCH

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Quote from: squatz1 on March 11, 2018, 11:03:57 PM

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!

It's simple. You buy high because you are impatient to close the deal. You sell low because of panic selling.

d1ceplayer

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Quote from: Arlibtchunt2018 on March 13, 2018, 05:37:46 AM

Quote from: squatz1 on March 11, 2018, 11:03:57 PM

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!

This is one of a hellish thing in trading. Everyone of us has different styles and ways but the truth is we can't anticipate what are others thinking when they are trading without gaining profit or even losing.

There are can be number of reasons behind such kind of act as it all depends on the circumstances and the situation through which that person is going through. No one really wants to sell at lower rates than he has bought but because of certain needs and wants and above all due to panic situation, most of the people fail to control their emotions at that time and sell at time when the prices are low even.

Persiville

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Quote from: ArnoldChippy on March 15, 2018, 02:29:44 AM

Quote from: Rowan White on March 14, 2018, 10:29:26 PM

:)I think they sold their coins because of panic that happened right now in the market and they need a money for their daily needs and there's a emergency happened that they need to sell their coin. That is why in trading there is a rule of "you have to control your emotion". You are the one of panic buying and selling. Maybe sometimes you do day trading, you just go with the flow when the whale play the coins. the pump and down and in the end your money will stock in that coins and then you decide to sell it in low price.

Yes i tink only the inexperienced people can do so, otherwise all the people try their best to buy at low price and then sell it at high. Some time people try go with rally and they do buying even at high price, but later on the price get a correction and start decreasing, such people get panic and then try to sell even at low price.

Well as what i can observe mostly people sell to avoid big loss, but if we think about it properly its just the same thing and its still called losing right? I've been there before too and just because i suffered too many loses i began thinking that the next time wont be the same again as what happened, and even up until now because of this corrections i am still holding, and for sure more experience will give you more lessons in trading.

Falmera

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Quote from: squatz1 on March 11, 2018, 11:03:57 PM

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!

Maybe you are just in a hurry. If we think we can not gain profit in selling our coin why shall we do it? Unless there is a valid reason for doing so. If we are out of budget or there is really an urgent need for fiat money. Or we are simply afraid of the negative thinking that soon the coin will no longer usable.

ArnoldChippy

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Quote from: Rowan White on March 14, 2018, 10:29:26 PM

:)I think they sold their coins because of panic that happened right now in the market and they need a money for their daily needs and there's a emergency happened that they need to sell their coin. That is why in trading there is a rule of "you have to control your emotion". You are the one of panic buying and selling. Maybe sometimes you do day trading, you just go with the flow when the whale play the coins. the pump and down and in the end your money will stock in that coins and then you decide to sell it in low price.

Yes i tink only the inexperienced people can do so, otherwise all the people try their best to buy at low price and then sell it at high. Some time people try go with rally and they do buying even at high price, but later on the price get a correction and start decreasing, such people get panic and then try to sell even at low price.

Alalex

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And that's what you say is wrong.

Why sell when the price of cripto money down, we can see the exchange rate on the calculator of cripto money so we can see clearly calculate the remaining sales balance we have.

Before making a transaction must have been listed in the transaction format, there are calculator guides that are ready with the amount we have created.

and just waiting for our decision, whether it is true to make a withdrawal transaction or deposit the deposit into the balance account of coin cripto money.

If there is a loss certainly no one will want to continue withdrawal transactions, here we are both looking for profits I think no one wants to lose money in investing any kind of digital money.

Kevin77

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Quote from: Lyne01 on March 11, 2018, 11:32:07 PM

Quote from: squatz1 on March 11, 2018, 11:03:57 PM

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!

You are under that bandwagon system. You go on to things that most people are in. When the price of a coin increases, you think that people are into that coin and will gonna keep on increasing so you buy. When the price of that coin decreases, you are feeling worried that it may keep on decreasing, so you sell. In other words, you are a panic buyer and seller.

Bandwagon of weak hands in the market. I wonder why anyone would actually invest into something, and then dash other people their cash even when they have not earned what they expect to. The market is volatile and if we say there won't be huge fluctuations, then we would all be lying since it is even a new market which is decentralized, but still, some rather than being patient, panic, and give the whales more chance to keep stealing from them.

Rowan White

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:)I think they sold their coins because of panic that happened right now in the market and they need a money for their daily needs and there's a emergency happened that they need to sell their coin. That is why in trading there is a rule of "you have to control your emotion". You are the one of panic buying and selling. Maybe sometimes you do day trading, you just go with the flow when the whale play the coins. the pump and down and in the end your money will stock in that coins and then you decide to sell it in low price.

jeaniferomambac

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Quote from: bakekang on March 14, 2018, 07:21:17 PM

Buy high and sell low? Maybe they are crazy. They dont know what investment is. If they do panic selling surely they will gain loss and if they will hold maybe in the long run they will gain income.

Maybe they don't know the right timing to sell its bitcoin and thats why they sell it even if the price is low because of no choice and they buy other bitcoin with a high value because they do not have a choice to choose because when we buy a bitcoin it should be in a right timing that its price is in low to have a profit and we should not be panic if the price drops because theres a possibility that the price of it will rise again and if the price is in high we can trade it to gain big profit.

bakekang

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Buy high and sell low? Maybe they are crazy. They dont know what investment is. If they do panic selling surely they will gain loss and if they will hold maybe in the long run they will gain income.

seleme

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Trading is risky and not suitable for everyone. First lesson in trading is to protect your balance or investment amount. Second is to buy low and sell high. Emotional people doesnt respect to second rule and keep ignoring it while they lose money in volatile markets. Crypto markets are volatile than forex pairs and holding strategy doenst work everytime.

YzzyGo

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It's because of out of fear of losing their investments. That's why it is suggested to invest only money that you can afford to lose. That way, you can just let it be and watch the prices after a few months or two if it will rise or fall and no matter the outcome you're good with it.

Blamsud

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Quote from: ngavanngo22 on March 14, 2018, 06:45:13 PM

Those who buy cryptos at high prices and then sell at low prices to cut losses are usually those who haven't experienced in investing, just listening to the advice of friends or watching the signal trading channel and follow. They will be slow, buy cryptos at peak rates, after they purchase the cryptos rate will fall quickly, leading to FOMO psychology and eventually they will sell to cut losses

)

And listening to the Fuds, those who sell low will soon to regret their decision, but at least they are calm now. If the market goes red , just buy some coins that still have a future that selling them that will make you lose.

intoy_victor

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I don't think that is the right way or time to buy and sell. Why do I buy high and sell low I will loase lot of my profit. Maybe that is only one of the panic buying. Maybe they are newbie in bitcoin they don't that bitcoin has volatile attitude thats why or maybe they read a fake news.

Topic: Why do people buy high and sell low - page 25. (Read 2474 times)