Topic: Why do people buy high and sell low - page 34. (Read 2442 times)
Emotions. Thats what it is. Its just pure emotional decision making. They panic and dont think and would rather take the loss than be able to bear the pain .
One of my friend acting like that , he always buy at high and sell at low when i asked him why he do that ? He tell me that he is noob and all noobs acting like that . LOL .But sometimes he is earning a lot . But this method like casino , do not known when u win or loose.
What kind of person is that? you just like burning your money and wasted.
You know that you are still losing your money why not you just hold for a while and have patience, acting like that may be a rich people never mind their money as what they have lost. For me, I just prefer to wait and have the patience to have my profit not just like that decision, that's nonsense.
One of my friend acting like that , he always buy at high and sell at low when i asked him why he do that ? He tell me that he is noob and all noobs acting like that . LOL .But sometimes he is earning a lot . But this method like casino , do not known when u win or loose.
Most new investors who heard about Bitcoin/cryptocurrencies are not familiar with any form of investments.
They have no idea how standard old-school stock exchange trading works, they are instead driven by emotions and current market sentiment.
It is totally not surprising that when we are entering general bullish trend many new investors appears.
They are hyped by the opportunity and general positive trends - so it's no wonder they want to catch rising wave.
They have no idea how standard old-school stock exchange trading works, they are instead driven by emotions and current market sentiment.
It is totally not surprising that when we are entering general bullish trend many new investors appears.
They are hyped by the opportunity and general positive trends - so it's no wonder they want to catch rising wave.
Most people who do the same things like you do not have realistic analysis and strategies. They only use the feeling whether the coins to buy will go up or not. It's as if you're throwing a coin with two different sides that you do not know which side will appear above.
To avoid large losses, I recommend setting a minimum and maximum loss limit. For example, if the coin you bought was down 10%, then you should immediately cut loss immediately before the loss becomes greater.
To avoid large losses, I recommend setting a minimum and maximum loss limit. For example, if the coin you bought was down 10%, then you should immediately cut loss immediately before the loss becomes greater.
Lots of users who sell in low position just like you because panic that hit the new this time there is a very fast increase and new this time is also a very large decline, reasonable after the price above may not be any problem. eventually sold at bargain prices.
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!
I think 80 % of traders have the same feelings...People say that you are a panic seller,but sometimes you must take a very big risk,You must buy or sell and noone knows which is the right door,especially when you are trading for altcoins,I agree,that you may be panic seller if your trading object is bitcoin,because all we know how potential is this coin,but in another situation I think it may not the worst action,because noone can be winner always...What you said is the greatest experience in your life...
I think people who do such things are people who panic. they mistakenly analyze the market price movements so they dare to buy when the price is high, according to them the market price will continue to rise. But it turns out the strategy they are doing is wrong, not profit but only losses experienced.
Panic, lack of confidence, also can't control patience, and may also be caused by something else.. which's in dire need a money, and finally till cashed it. If it's intended for the more passive income side, of course they would prefer to keep it (Hold) for a long term and it's impossible to decide to sell it.
Because without a buyer and a seller on each trade, there would be no high and no low - they wouldnt be on the chart. This question is a paradox.
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!
Here is why people buy high ans sell low:
1) Panic sellers: Most of the new investors start investing money without doing research about the bitcoins prices. They just read some story about how someone made thousands of dollars in profit with bitcoin investment in few weeks. They think that bitcoins prices will always go up which is not true. Once they invest and the prices start dropping, they panic and thus sell all their holdings.
2) Emergency requirement: Suppose you invest at $15000 and price drops to $10000. Now you know that it will come back to $15000 in some time but have some emergency requirement and thus sell in loss.
This is happen many times for those that are afraid to have a huge lose in the market. It happens that I already encountered selling at a low price then buying high. It should not like this, patience is needed also for us to earned profit.
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!
Since you are faced with this, you better know. I think because with a rapid increase in the price of a coin, you buy it at the highest possible price in the hope that the growth will only increase, and the opposite happens - the price starts to decline rapidly, and you are hoping to save at least something - start selling. Thanks guys!
Because these people don't buy the right time and they always buy at ATH so they have to cut their loss by selling at lower price. But I think if they don't be a panic seller and try to hold until these coin get to new ATH price is better 
. It's not easy to be able to control emotion that why a lot of traders still become a panic seller when there is a big dump make the whole market dump.
. It's not easy to be able to control emotion that why a lot of traders still become a panic seller when there is a big dump make the whole market dump.
yes this market we do not know when the profit and when the loss when we sell and must use our instincts and logic and feelings synchronized and we must dare to lose the speculation, what is clear we must build a strong character.
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!
I mean, what else would be the reason mate? It's the smarter move to follow through and the better chances you would gain a return. If you would buy so high, it would mean that you would have to hold onto your investment for a longer period of time, more so, you would really have to invest a lot of patience to actually get a profit for your investment. While, if you would buy low, then you have more chances to gain a profit because it is more likely in this market that when an asset goes down, especially at its lowest point, the next movement it would show would be to gain some of its value back, or sometimes, even more.
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 they pay attention to news and how the market moves, and not reasonably approaching the process. Many still still invest in bitcoin and believe that it will again reach 20k. Some just need money or fear of losing everything. Thanks guys!
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!
Its because people don't have proper knowledge of market. They tend to buy it solely because everyone else is buying which means the coin is already in a booming stage. Whereas this is the stage where they should not buy as market is already overpriced and then the same thing happens when they are ready to sell. They sell after watching big whales who had already sold and reduced the price. This is the buying point for everyone. Thanks guys!
maybe that's not their goal, buy at high prices and sell at low prices. but they are confused not smart to analyze and fear if the loss more so do so. they buy at a high price that they think the price is a pretty low price. after they buy the price down, they think it will be a loss, the end they sell it from at a loss more.
they just of panicked because the price dropped and feared more loss again.
they just of panicked because the price dropped and feared more loss again.
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!
Well I would say that most people are not suited to trade, because it's very demanding from an emotional point of view. Also, I think that most retail investors fail on the first principle of investment, that is risk money that you can afford to lose.
Let's face it, from your description, you seem like a guy who bought based on fomo, and the invested more than he could. Since you were not a trader, you probably didn't sold right at the start, otherwise you would be buying the dip, and you would still be in a good profit, because there were plenty of bounces since this decline begun. And I know good traders are still making money despite this correction.
So you bought more than you could lose, you didn't cut your losses at the right time, because you wanted for the market to turn around, and then you sold at the bottom, because you got afraid that you would lose even more.
If this applies to you, my advise is to keep holding your coins if you don't need that money, and don't try to trade them. From a development point of view, crypto is doing fine, so this means that it has a future for the long term. Hold those coins and "forget" about them. If crypto goes well, and BTC achieves it's goals, you will still have made a good investment.
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