Topic: Why people are buying when the price is going up and not when it is down - page 10. (Read 3993 times)

Indeed, many of us often get Stuck in FOMO. We think when the price is Pumping, it will continue to Pump, even though the Pump period is over, So what remains is only the Dump period, So we often cut loss or hold for a long time.

Because ppl have short attention spans. Ppl get bored when prices stay stagnant for a long time. Sudden up moves will jolt them out of their slumber. FOMO rings ever true.

When people has been falling into FOMO and they will out of their mind. So many times people bought the coin in irrational price and they will be feeling panic when they will be seeing the it as a bulltrap. They buy at peak price and sell their coin at bottom price

That is a clearcut Fomo. Why would they so that? They cannot be sure of the price has reached its climax for that period and it is about to dump. Several people have by virtue of that lost their hard earned money, which happens most times on shit exchanges. Although, it does not also.matter of it is on a good.exchange, because it happens coins that seem to be already established.

Exactly. No one knows the true price of any given cryptocurrency on the market. Everything is just speculation. People are often driven by hype and greed, leading to regrets when prices go all the way down the drain. I'd say that buying when prices are going up is a mistake, since the crypto market often experiences a correction in price. People should buy crypto when prices are going down, in order to have a bigger opportunity to make profit when everything starts going to the moon. In crypto land, where everything behaves in strange and bizarre ways, anything is expected. The ones who buy when prices are going up, are most often newcomers into crypto. They're inexperienced, which leads them to make "immature" decisions in the crypto space. But veteran crypto users know when it's the right time to buy and when it's the right time to sell.

Ultimately, there might be no way to predict this due to crypto's wild fluctuations in price on the market. All you can do is diversify your investment into various prominent cryptocurrencies on the market, with the hopes of making a return of investment in the least time possible. Bitcoin is the major influencer of the market, so every time it goes up, so will other cryptocurrencies. But as I've said before, people don't pay attention to this since they're driven by hype and greed thinking that they'll become rich with crypto in the short term. Just my thoughts

Simply because people would want to buy something cheap that would gain them twice or even thrice that costs them from buying in the right time, when the market goes up.

Intuition is what they are following, with the thought in mind of gaining profit twice their cost if they do this.

That's true! THe fear of missing out leads people to make a wrong decision all the time. Mostly, when the market is bullish, people rush to buy without noticing that the market can reverse anytime. They fear that if they don't buy they will miss the chance to earn money. Therefore, they usually buy higher than they should. Emotions play an important role in decision making, to be professional traders you have to learn how to control your emotions!

This is simple thing because when the market go down, you will not listen many news about market and invitement at that time will not be attractive people join in. Only really people who understand the market, they know that is good time to buy

As long as you have created enough awareness for everyone to never try to fall into the FOMO and i think they will think for a twice before try to get into the FOMO. i have seen so many people started to think in a smart way.

doubt maybe they have in mind when the price is down to buy so when the price goes up they scramble to buy so as not to be left behind when the price is getting pumped

It is really difficult to stop FOMO in people. Everything will seem dead and everyone will be quiet. It only takes people with experience and risk taking ability that buys at that point.

It's not too late to buy altcoins presently, only those few altcoins that surge over 500% are too dangerous because they can still dump in value, do your research carefully and pick projects with good volume and good use case

People just believe that the pump in the price of bitcoin and other alternative coins will get to a new All-Time-High. Often times they don't do any form of analysis before taking  adive into investing. They allow their emotions rule their sense of judgement and it finanlly leaves them making a whole lot of mistake and loosing funds.

The truth is that no one knows when the market is going to begin to go down and the more the market grows the bigger the expectations that keeps growing, we have seen this many times in the past and bitcoin itself was victim of this, when bitcoin reached its all time high people were talking about how much bitcoin could still grow and then when it began to go down people were really disappointed by it, however if you want to avoid this then do not buy any coin when it has reached its all time high.

that is the reality hahaha.. we call that as FOMO.. most of the time people are like that.. they don;t know how to buy the coin is on down or deep.. they will just start to buy when they saw the price coming up..

Your point of view is always relative because you never know in which point of the move you are.

You could be seeing a 100% move up and feel like it's the peak because it just doubled in value but it could be the beginning of one of those 500% bitcoin rallies. You could be at the 80% correction and feel like its the end but really it's going to go down to 95% just like XRP did.

People react to what others do and feel better in a crowd. It's basic market psychology.

Some do it and still get aways with it and there are some that will definitely not get away with it, due to their ignorance. Understanding trend is very important. It will help to safeguard against uneccesary falll into the trap of whales.
You see them come around, because they are afraid pf missing out from the profit. Most tend to be more conscious of the profit they want to make than security.

Many of the beginners in the crypto world always follow the trend in doing business, such as the issue of bitcoin will rise 10x from now and in the end, they are lured into buying and buying without being based on analysis and knowledge of the world of crypto. And in the end, most of them will fail.

 People sometimes prefer buying a coin that is mooning already because they think  its a good project that is the reason for the price to go up . Most people do not care about the news behind the price going up because they don't know much about that project all that matters to them is that the price is up and may keep going up so they decide to jump in and buy.