Topic: Why people are buying when the price is going up and not when it is down - page 15. (Read 3993 times)
August 01, 2020, 01:42:33 AM
People have no choice but to buy coins when they are surging because they believe the surge is just beginning and again we are in a good market shape right now, buying now isn't buying to lose because the change is here, over 7 billion dollars moved into DeFi projects alone so far, that's big enough to drive crypto market into a very greenish state
July 31, 2020, 05:38:48 PM
I think one of the main reasons is not having the right knowledge about that particular project. Before investing, you need to know the details of the investment project. Need to do at least a few months of data research. You can't invest in a hurry.
Everyone has been analyzing the project but some times that they were losing emotion and that makes people in panic buy. Didn't you aware about most of the people who have been buying at the pump wanna try to join into the wave too? that means they wanna try short buy and sell in the market. 
July 31, 2020, 05:12:14 PM
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. 
Those who buy when the price of coins are going up might not an old crypto investors, if you have been here for long then you're aware about the timing to buy. One of the reason is fomo, when a crypto is in hype they are afraid to be left out and not able to make profit so buying at high price will do as long as they can go with the flow. But this strategy is too risky since we dont know the next movement of the coins. Still, its best to buy at low price so if the value increase there's a high chance to earn. Just make sure you buy a good coins and you have patience to wait.
July 31, 2020, 04:56:22 PM
I will state my opinion with real life experience. I am in crypto group, having expert traders that generously give good buy & sell calls on a regular basis. The truth is that many don't take the calls serious, not until they start seeing price increase before joining in. Trust issue and fear of missing out is often the case in this scenario.
Another point is the dip can be fake and once you bought in, the price go deeper. To probably reduce the risk of that, people would wait to see green light before making a move.
Another point is the dip can be fake and once you bought in, the price go deeper. To probably reduce the risk of that, people would wait to see green light before making a move.
July 31, 2020, 04:47:53 PM
If it's going up you can predict it will keep going up for sometime at least. But if it's going down, you just buy anyhow because you don't know if it will keep going down or not. That's why it's easier to but the green than the red.
July 31, 2020, 04:23:47 PM
Well thank to them because they are the contributor to a bull run.
Yeah right, those fomos contributes a lots with the current bull, the market is gaining good momentum.
That’s what happened in 2017 but I think the people who bought that time already learned and they are more mature today but new comers in the space will probably experience same fate if they don’t know what they’re doing.
Those who failed to do good research back then for sure learned things in the hard ways, as that last ath if they've manage
to place their position from the peak, it's huge fall that will reminds them from
time to time with that huge losses.
July 31, 2020, 03:00:35 PM
Its a funny trend in the space for traders to buy when it is going up. I suspect more of new comers buying than old traders, It gets more interesting for them when the coins they bought keep going up in price, then they buy more. The way they buy in such a time set them up also for the bear markets as newbie. Those buying wont be different from those in the space that didnt buy for past 6-12 months. Bitcoin has enjoyed enough accumulation for the past 1½ year I hope the altseason would kick off higher
July 31, 2020, 02:49:17 PM
Well thank to them because they are the contributor to a bullrun. That’s what happened in 2017 but I think the people who bought that time already learned and they are more mature today but new comers in the space will probably experience same fate if they don’t know what they’re doing.
July 31, 2020, 02:45:20 PM
That's how psychology works. You don't want to buy something that is going down or that it has been down for a while as you can't see a positive future for the price. The same happens when the price goes up. You see that the price is going up so you think that there are better chances to make profits than in a project that is not moving or worse, is moving down.
July 31, 2020, 02:39:56 PM
They don't read charts, they ride the movement. As simple as that, this is why probably newbies are losing their money when they are buying coins they don't follow the fundamentals such as reading and analyzing the chart before investing, instead they wait for a green time which results to more devastating loss. They aren't sure at first when to buy, so they are just waiting but this action of them don't always end in a loss, some are making enough and do just enough time to exit the market, they are called FOMOs. This never happens with bitcoin, there are people who will buy bitcoin no matter the price is.
July 31, 2020, 02:15:38 PM
my anwser regard this question, its because no one can predict what will happend tomorrow that's why people are still ignore and not buying while the altcoin still in low price, they might be dont know if the coin will pump by tomorrow, look at ethereum, no one expect that eth will hit 300$ on this month because of transaction fee is very high, but today that coin is almost hitting 400$ price.
July 31, 2020, 02:12:37 PM
FOMO is one of the main components. Also I think so many noobs that join telegram groups get really carried away by all the shilling that goes on by people who bought early and are ready on the uptrend to dump their bags on unsuspecting victims. Most people entering this space are also lazy and don;t want to do their homework and learn to trade. Of course we can all get it wrong sometimes but people in this business tend to repeat the same mistakes over and over again, then want to blame the Whales for creating their losses. If we FOMO into any coin we only have ourselves to blame in the end.
July 31, 2020, 02:08:52 PM
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.
It's actually funny the way things work in this space. The reason people buy when price is going up is because they believe that the price would go higher than the price purchased. It feels better buying when the price is going higher than when the price is dropping.
July 31, 2020, 01:47:29 PM
I don't think you can call antyhing cheap or expensive on markets.
There is trend, you buy when something is rising, sell it when it is falling. It is very simple actually.
There is trend, you buy when something is rising, sell it when it is falling. It is very simple actually.
July 31, 2020, 01:24:17 PM
Most likely, people want to have time to jump on the running Board of the outgoing train. After all, it seems to them that it is so simple-I bought and in a few days increased my Deposit. And when the coin falls people think that the others get rid of the coin for a reason and know something.
"Opinion of the crowd" and no more.
"Opinion of the crowd" and no more.
July 31, 2020, 12:56:12 PM
Each investor has his own strategy, someone starts investing in cryptocurrencies when the growth of cryptocurrencies begins and these investors hope that after buying cryptocurrencies, the growth of the cryptocurrencies they bought will also continue, while others invest in cryptocurrencies when the cryptocurrency market falls.
July 31, 2020, 12:55:29 PM
They lose themselves in the crowd of emotions so they are able to do so i think it is more influenced by the newborn. As the value of a project increases they rush to make more purchases and they do so without any research. Which is why most newborns have to count a lot of losses early on.
July 31, 2020, 12:49:38 PM
That was something that called FOMO, which is Fear of Missing Out on a big opportunity in the markets. People scared that they will missed the opportunity, having a mindset that the price will keep rising, so they will buying even in the high price, better late than nothing. But the this is the risk was so high, so there's a high chance they will loss instead of profitting.
July 31, 2020, 12:38:28 PM
People buy at that moment because they feel like the prize will keep going up. If the price already grw 10% maybe another 5% is on the way, that's why they do it.
But sadly lot of people buy when the price goes up and then they see how the crash make them los money, just like all the users who buy at $20k
But sadly lot of people buy when the price goes up and then they see how the crash make them los money, just like all the users who buy at $20k
July 31, 2020, 12:36:01 PM
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.
That is why we have less millionaires and huge part of middle class people and that's how the psychology of a common man works.But if they starts to invest when the prices are deep down they are going to make more profits than anyone.But people don't trust the cryptos do they enter to invest only when the prices sre surging. Jump to: