Why do people buy high and sell low - page 27.

Lyne1982

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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!

definitely your correct! because of some situation that people need the money , when they buy coins at high cost and they expect to sell for good price but comes the situation that the price drops so they have no choice but to sell the coins in order to fulfill their needs of emergency.

ov3rflow9x

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people buy high and sell low because they don't known anything about trading and what is that ! If people before make any trade learn about trading and try to trade on demo accounts or with micro amounts they will not do same mistakes like everybody do !

tanghere02

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I don’t know why people buy coins at a high price and sell them at its lowest when it is the other way ‘round? Think about it, how can you profit something when you buy them at a high price. You can’t gain something if you sell them at a low price, you should sell them when its price is at least 10% of the amount you bought them in.

jimskiy

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It the joke when you buy at the high price and sell on the low price about bitcoin or altcoin have you bought, you have make the most wonderful mistake when you do like this, maybe when some people have the planning wanna buy bitcoin they looking for the information from the other to buy bitcoin, without care about the situation on the bitcoin, but when the bitcoin touch on the low price they have panic and sell the bitcoin on the low.

putrisa

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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!

in fact it's only done the new players are frightened and experience a very high panic because the price suddenly collapsed. while for old players it is definitely a good opportunity to buy coins of players who experience panic and sell at very cheap prices.

dreico

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I think the reason is that when they buy at a high price they think that everything will continue to grow, and then they see how everything falls in a hurry and sells in panic

Yatsan

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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!

This scenario happens because of volatility in the market as welk as misfortune. People tend to buy even if the price is high because of expectations that continuous increase will happen. But since Bitcoin is naturally volatile, uncertainties or deflations are taking place in a sudden. As an investor you won't allow losing a lot of money so they will sell because they are worried that the dump might continue so what they do is to cut their losses. Keep in mind that holding is a must if you are aiming for huge profit.

PsylockReborn

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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!

If you're doing this, then I can say that you're an emotional investor or trader. If you truly believe in bitcoin and you have more knowledge with the technology you should hodl. You are one of the reasons why bitcoin's value dips. Nowadays lots of emotional investors are engaging in cryptocurrency. You should understand that bitcoin as a cryptocurrency is very volatile. You shouldn't get panic when you see bitcoin's value going into dips because this is just normal. Bitcoin has already proven its worth few years back so don't be emotional and stay calm. Have faith in bitcoin for it will never die.

2Godbdglory

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Yet if emotional investors lunge for the money bag when stocks soar, they don't want to be holding the bag when investments plummet. you have to hold on the investment before it appreciate the more.

BitPlace

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Quote from: Xanxus024 on March 14, 2018, 07:49:10 AM

When I was new in trading I feel the same way because every time I see that my coins drop I feel I'm losing and losing so end up to panic selling then I lose some part of my money then I realize patience is the key and proper knowledge, now I always research and study on the coin or token I'm going to trade.

The goal of investing is to sell something at a price that's higher than what the investor paid to buy it. The problem investors face is determining when prices are low enough to indicate a buy and high enough to decide that selling is the best choice.

Xanxus024

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When I was new in trading I feel the same way because every time I see that my coins drop I feel I'm losing and losing so end up to panic selling then I lose some part of my money then I realize patience is the key and proper knowledge, now I always research and study on the coin or token I'm going to trade.

zolfa

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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 because you are easily panicked and impatient just because you see the price of coins are getting down. should you already know the risk of investing in bitcoin, because as we know that bitcoin prices always fluctuate. of course we must be ready to take those risks before investing.

Chrisjay29

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I think people who sell in low price and buy high price is does people didn't still have ENOUGH knowledge yet. Maybe if someone will talk to there or mentor they will think that there strategy is wrong

atomicgroup

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This is applicable to the less courageous Traders that are panicking anytime they feel the coin they bought high are drastically declining in prices. They would not be patient enough to still hold and watch the trend of the Market if there shall be increase in future. In some cases, their research is not so strong as to predict the value of any coin in the Market. So, when this issue now came up, they tend to sell at that lower prices, for fear of not totally loosing out if per adventure the coin involved totally crashed out.

C. Bergmann

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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!

Because you failed to determine what are the lows and highs or either you got FOMO. You should educate yourself more so you will not fall victim by this.

Menawi12

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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!

When the price goes up, everyone will think that prices are still going up again and also when the prices come down very sharply, many people think that prices will continue to fall. I think, It would be very wise if we weren't hooked with a very sharp price movements and do not do panic sell.
If we do trade on bitcoin or other cryptocurrency, it would be better if we have ability to analyze market with technical analysis

maculeth

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because they are panicked, they worry that their prices will go down and they will not lose more. they can not wait to hold him any longer.

centr

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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!

To my opinion, such people like that have a FOMO)) Wink

but it's not a problem, as for me.
the first that should keep in mind every traders, as for me, - just waiting and fixed wishing profit on time)

ylnar123

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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!

That could be the lesson you should learn. Remember that before you invest, you should study and research first to avoid circumstances like this where you sell at low price and you buy at high price. I hope you learn from that mistakes and try to improve the next time you invest.

Naficopa

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People buy currencies when their price increases. They think that the price will continue to rise and earn a lot quickly. And as the price begins to fall they panic. Not to lose too much, they sell even at a lower price than they bought.

Topic: Why do people buy high and sell low - page 27. (Read 2474 times)