Topic: Why people are buying when the price is going up and not when it is down - page 7. (Read 3993 times)

People see the high price as an opportunity that is good in that the coin is already a good one and hence they believe it will yield more profit for them than when the coin of a price is going low, personally I won't buy a coin that has dipped so much except one that I know its for a long time hold

People buy when price is going up cos they believe that the coin will eventually pay off as the price is high but when price is going down them its believed to mean either the price is resetting or dieing gradually and for that people tend to set clear off

Most people perhaps like to believe what they see and it is not a bad thing in crypto market where trends really continue for good length of time, people get trqpped only when they buy too late or near the peak.

There is a particular reason why someone buys at a high price, it could be because they think that the coin will someday have a higher selling price than the initial capital price. on the other hand, worry about being trapped in FOMO, because crypto price movements cannot be predicted or do not always have a fixed value.

That because you cannot predict the future.. If you can predict the future then i guess you will be a millionaire in no time for real. It was not easy to guess where the price will be. Down or going up. if i can predict bitcoin movement i will buy a lot bitcoin and has no worry at all to loss as i can predict the future..

I don't get why most people do this, since it's logical that a person should get in when prices are going down (not the other way around). People become excited when prices go all the way to the moon, with the hopes of making a quick buck. Crypto is not about getting rich quick, but rather about being a useful alternative financial system for the world in times of need. It's all psychological than anything else. Believe me, I used to have the "FOMO" sentiment, only to lose a substantial amount of money when prices went all the way down the drain. It's best to wait when prices are going down, in order to buy more coins for less. Since the crypto market behaves like a "rollercoaster", it should bounce back to its original price levels after some period of time.

Right now we're in a bull market, so I wouldn't be surprised many people buying at current prices. With "De-Fi" and Stablecoins on the spotlight, both Bitcoin and Ethereum will experience high gains in a short amount of time. People will continue to buy at high prices until the hype is over. Once the bear market takes place, most people who got in at high prices will regret making that decision in the first place. In crypto land where strange and bizarre things happen, people often make foolish decisions. There will always be those who buy coins at low prices, while others will buy them when they're in their ATHs. As long as you buy low and sell high, nothing should go wrong. Just my opinion

This is a good question or statement. Actually people are always like this. When the market is down they dont want to buy but when the market is up thats the time they arr so rushed to buy a coin. It seems they only concern about the  price of it and earn easy money ending up losing than winning. For those who are fearful thats not good. When everyone is crying due to market price then thats the time we should buy. Cause we can buy at cheap price.

They were shorting the coins and they will never try to avoid that when they can make some money from there. It's not that all of people will always do the deep research before consider when the pump has already occured and what should they do should be to join in the market as soon as possible.

People are too rushed into the momentum of the trend, this should be avoided if we don't have the least knowledge of fundamental and trading analysis. most people buy coins on their instinct to make quick profits. it becomes one's physiology when one sees the momentum.

Its about pshycology and lack of knowledge, all people want fast profit and follow the wave but they dont know how deathly wave behind
They can get big loss if they to greedy and follow the market
But we can not say that buy when the price was down was the good strategy maybe thats only first wave before the giant wave come
Be patient before we decided to choose the right price and ofcourse learn more and more!!

Most people panic buy and it ends-up hurting them. I will say lack of proper analysis and FOMO is the main cause People feel like they dont want to miss the train and their emotion get over their reasoning which happens most of the time I think learning control will help but I think is natural to FOMO sometimes

Well, it is because some people are afraid to gamble. Those who buys when the price of crypto is increasing, are those who cannot afford investing and waiting for years. There do tend to wait for the movement before investing to something because in such way, the direction will lessen the risk. But ofcourse, the profit will still be bigger if you invested at the "bottom" but these people are more concerned of lesser risk than bigger profit, which I think is not wrong. We just have our own ways in order to come up with profit in this industry.

Agree. Everything is based on psychology these days. People quickly get hyped when prices go all the way to the moon in an instant. They believe prices will continue to go higher, leading them to invest when prices are going up on the market. When everything is going down the drain, you'll see quite the opposite. Most newcomers into crypto believe that when prices are going down, it means that crypto is "dying". But crypto veterans know that's not the case.

Eventually, people will get "over it" once crypto establishes itself in the mainstream world. The industry will become mature in the future as most people get a different perspective about crypto/Blockchain tech. Just as stocks became trusted by many investors worldwide, so will the crypto market in the long run. With every bull market, comes excitement. But one needs to know when to buy and when to sell in order to avoid many undesired losses in the short term. The smart money will always invest when prices are down, looking to sell at higher prices on the market. Only newcomers will have a hard time finding their way towards making profit in this wild venture of crypto. Just my thoughts

That is a very famous phrase that I think we all have heard, the problem is that such phrases even if they encapsulate something that is true it is impossible to apply that knowledge all the time, it is true that the trend is your friend but that is if you are able to invest your money at the beginning of the trend, but what we see most people do is to buy at the top of the movement while the smart traders begin to cash out their coins and enjoy their profits while the rest keep holding their coins in the hope the price goes up only to lose their money.

Desire to jump into running train is greater than rational thinking.
People are lazy to calculate profit. They like to calculate in the amount spend minus current price and see profit. Instead of calculating number of coins/tokens bought minus amount of coins obtained through sell-buy again.

i actually think that they are opposite . as a newbie you wont know how things exactly work so you will go on the safe side such as buying when the price is low but pros and experts are so skillful and they can do riskier moves such as buying on the pump because they know where or when to sell  . the truth is that there are more buyers when the price is low or when its dip/dump  but this doesnt mean that most of them are noobs .  they are just practical

this is what is called not wanting to be left behind or what is called the FOMO syndrome...
a professional trader/investor will definitely only buy an asset when the price goes down but newbies will only buy an asset when they see the price is going up in the hope that the asset price will continue to rise.

Interesting question.
I guess they are careful not to buying and the price continues to go down or doesn't go up for  long time. The best way to handle situations like that is to continuously buy the dips with stablecoin whenever there are main dips and gradually sell for profits when price starts going up.  Don't invest what you can't afford to lose though.

Because people do not behave rationally, but emotionally. You can learn about this interesting fact in this book: Thinking, Fast and Slow by Daniel Kahneman and you will know about the market´s behavior, you will learn how to advertise your product and much more . This fact could be applied in various ways, also we see that the crypto market is a good example  .

If an investor understands fundamental and technical analysis, then he buys or sells his coins based on the results of his research. But very often, ordinary cryptocurrency users start buying a coin when it starts the Rise, because there are chances that this coin will move up further. But if you buy a coin when the price falls, no one can guarantee that the coin will not drop in price even lower.