Why people are buying when the price is going up and not when it is down - page 12.

tabas

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People are buying when the price goes up because it is the phenomenon of the fear missing out a big chance. When the price goes down it is psychologically depressing.

Emotionally being caught. That's the reason why people don't have that plan to buy during the dip but are buying during the pumps.
They see that they can make on it as the prices goes up but never have the thought and idea to buy during at its lowest. In that case, they are inexperienced in this space.

amos77978

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Quote from: mr.smith on July 30, 2020, 04:08:19 AM

I notice that when there the price is going up so many people are joining the train and they also buy because the price is going up and they are going to make a profit, why people are not buying when it is down when the price will eventually go up and they can make a lot of profit. Huh

because they fear when the price Is down.. it may never go up .. but bitcoin has seen the worse of the bottom I think 3800 is the lowest it has gone since it went to 20k I'm 2017.. but people dont just learn that when the price is going down is the surest way for them to make some profit

South Park

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Quote from: Argoo on July 31, 2020, 12:07:52 PM

It is easier for people to buy cryptocurrency when it grows in price, hoping that it will continue to grow for at least some time. At the same time, when people see that the cryptocurrency is falling in price, the fear is born that it may still fall very low and they will incur losses. To make the right decisions, you need to know well how the cryptocurrency market works. Here, even experienced traders often make mistakes in the trend of rising and falling prices in the market, what can we say about people who do not have enough experience.

This is because even if the markets move sideways the majority of the time when the price begins to show a tendency inertia makes it so that tendency is maintained, people know this and then they begin to invest in a growing asset making this a self-fulfilling prophecy, the problem is that in this market where the volume is being manipulated all the time that any increase in the demand can make the price to skyrocket, this is good for traders but not necessarily for those looking to invest in it for the long term.

marks1976

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Quote from: Jackl87 on August 05, 2020, 04:52:13 AM

Buying into a rising market can be just as wrong as buying into a falling market because you can simply never know what happens after you have bought.
I would personally never buy a coin that is at ATH or close to it. That may be wrong too, but i just couldn't handle the fact that i could have 10x the amount of the coin for the same amount FIAT a few weeks ago or so. Undecided

Anyone has their own reason for that. If you have experienced with the market and I think you know that if some people may shorting the up trend and that means they will buy at the pump to sell when the pump reaches the peak price.

arufox

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Quote from: mr.smith on July 30, 2020, 04:08:19 AM

I notice that when there the price is going up so many people are joining the train and they also buy because the price is going up and they are going to make a profit, why people are not buying when it is down when the price will eventually go up and they can make a lot of profit. Huh

He do analysis and the result will rise again so he decided to buy it and sell it when higher. Or maybe they just FOMO

Why people not buying when it is down? because he worried the coins cannot go up or might go down more, so buying a coin that already going up is the solutions

Every people have their strategy to make profits if you think that's weird, not worth it so don't follow it

lebregone

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It is the common mistake that most of the crypto users should fix. Our blood become hype once we will see the crypto prices that are going upward and it is the most common reason why most of the crypto users will buy the currencies that they like.

But they didn't notice that this kind of action is very opposite on what they should do instead. Because a true trader or professional crypto users will become hype once
the market will goes down badly as they can buy more currencies that they like and earn a good amount of profit once the market will recover again.

Jackl87

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Buying into a rising market can be just as wrong as buying into a falling market because you can simply never know what happens after you have bought.
I would personally never buy a coin that is at ATH or close to it. That may be wrong too, but i just couldn't handle the fact that i could have 10x the amount of the coin for the same amount FIAT a few weeks ago or so. Undecided

Iyeman

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Quote from: memed97 on August 05, 2020, 04:24:55 AM

Quote from: Claudio99 on August 05, 2020, 03:40:39 AM

People and investors have every right to start buying crypto coins presently because they've noticed the strong bullish trend that's currently ongoing, not buying now means you missing out a lot, Bitcoin is still very bullish and there is possibility of reaching 12,000$ soon

That's right, the ones who waste the chance of a bullish trend are people who are very negligent and afraid of making risks, because it's very clear that for now it's good to buy some top Altcoin and Bitcoin on a bullish market.

Maybe those people have more considerations before they will be trying to invest their money. I know that some people may have very limited amounts and that makes them all think for a twice to buy the coin or try to risking their money right now.

Skinny48

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How is it wrong to start investing right now? Bitcoin halving is over, what more could you expect than bullish trend? I believe it's just getting started, right now is still good enough to start investing on promising altcoins

memed97

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Quote from: Claudio99 on August 05, 2020, 03:40:39 AM

People and investors have every right to start buying crypto coins presently because they've noticed the strong bullish trend that's currently ongoing, not buying now means you missing out a lot, Bitcoin is still very bullish and there is possibility of reaching 12,000$ soon

That's right, the ones who waste the chance of a bullish trend are people who are very negligent and afraid of making risks, because it's very clear that for now it's good to buy some top Altcoin and Bitcoin on a bullish market.

aioc

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In my opinion People are buying on two reasons assurance and available funds, they want to be assured that the market is alive and going up they are part of the adoption crowd who will only move when there is movement, they go where the tide is we are so many of these people will always check the right time and coin to invest when obviously buying low is the key to make a fortune.

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People and investors have every right to start buying crypto coins presently because they've noticed the strong bullish trend that's currently ongoing, not buying now means you missing out a lot, Bitcoin is still very bullish and there is possibility of reaching 12,000$ soon

mezzaluna

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Well, that is actually one mistake (including me) is being done by people who wanted to ride the increase of value of a Cryptocurrency. We cant deny that it will be really profitable at some point but we just know that its a peak time on when people are also selling their own Cryptocurrency because they needed something else. So for me, it is like a decision made in that moment where you are just hoping that your investment would go well but made with a decision that is poorly thought of.

So I gave myself a reminder to buy it at anytime when I'm able to.

Docbee

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Quote from: mr.smith on July 30, 2020, 04:08:19 AM

I notice that when there the price is going up so many people are joining the train and they also buy because the price is going up and they are going to make a profit, why people are not buying when it is down when the price will eventually go up and they can make a lot of profit. Huh

There is no definite time someone cannot buy. People that are buying actually saw an opportunity and they want to explore it. They don't see the price of ETH and BTC dropping for now. But the fact is that, for someone to make appreciable profit, then you need to buy in large quantity. When you have $2-5 increase, you can sell off and reinvest.

judeafante

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People want to make sure that they are going to make a profit, they don't want to buy when the market is going down because still think that Crypto is a bubble and they can lose everything here, they want a more realistic view of the market and they can get it only when the market is going up, they want to go with the crowd in the market.

Retainly_Collie

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Perhaps this is the psychology of traders in this market, they can wait patiently for the price to go down to buy and think it can go lower and they will buy more. But when the price goes up they are afraid that it will continue to rise and they will miss that opportunity, which is why people often buy when prices go up.

Itsmylife

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Quote from: azisjz4 on August 04, 2020, 06:21:14 PM

Many people who buy when prices go up, because they do not want to miss the positive trend of the market and their strategy to do short therm. It may be that, when prices are low, they do not want to take decisions for fear of loss, so when prices start to rise they then buy it. What we need is to find out where we are before something happens. If you miss it, let it go and wait for the next train

I have a good method for this situation. If you miss a train, please wait for a flash dumping (some people want to sell their investments to make a profit) because the dumping is not what the whale think so the price will keep rising.

azisjz4

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Many people who buy when prices go up, because they do not want to miss the positive trend of the market and their strategy to do short therm. It may be that, when prices are low, they do not want to take decisions for fear of loss, so when prices start to rise they then buy it. What we need is to find out where we are before something happens. If you miss it, let it go and wait for the next train

ZincUnrated

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Most people doing this are only falling for the emotions of FOMO (Fear of Missing Out) which is never a good idea or thing to do. It is mostly associated with people who are new to the market and more often than not, they get burnt in the process. The basic rule is, for every pump in price, there must be a correction which means a pull back in price. This is the best time to invest or buy any cryptocurrency. However, people let their emotions get the better of them and most times, the consequences are devastating.

Bezobraznike

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They buy it chasing a quick profit with short-term trading methods but this is very risky because every movement of the increase there is a correction, for those beginners are not ready with it.

Falconer I agree with you, beginners are not ready for fluctuations in the crypto-market. They wait the price to show the signs of
recovering and to buy that, but they don't understand is they missed buying opportunity when the prices were on bottom.
I needed time to understand that in the beginning. What means buying bottoms and selling tops, everything in the middle means
less profit, for maximum profit you need to buy when others are dumping, and to sell when others are buying!

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