Bitcoin Forum

It's a shame to see so many people buying Ethereum for 1300$ this year, its crazy you know, where are you guys when Ethereum was 150$ in 2020? Oh, you probably still doubting about what if, isn't it? Where were you when bitcoin was 3600$ ??? Some people have already make 30x from different altcoins that you are now looking for because they understand how crypto works, buy low and sell high, that's the rules of the real crypto hunters. Now I'm just fearful because others are been greedy.

It's a syndrome lol.
I guess those people are feeling worried to buy ethereum and bitcoin when the price of these coins was so cheap at the first quarter of last year.
people like to buy these coins at the top price rather than try to accumulate more when it still worth nothing. People didn't understand about buy low and sell high.
It's quite simple but they are taking too much consideration while the whales were accumulating more and more coins to be stored into their pockets.

This is the world of commerce, where when the value of a coin increases and it has a good price, many are hunting to own thats coin. actually if we know the price of bitcoin and ethereum will experience a high surge why not from last year we chase it ;D

Buy low and sell high is a traders, join a bounties and completing the task is hunters... both are different.

Anyway do you're one of those people who know the bottom price? (Bitcoin worth for $3600 and Ethereum worth for $150) seems not, you're only telling people. Buy the fear, sell the greed it's what the perfect parable of your story.

Use english language in global board, if you want to use arabic language please come to this section العربية (Arabic) (https://bitcointalk.org/index.php?board=241.0)

I do not think it is a shame to buy the bulls; the purpose of trading and investing is to take profit, so either you do that when it is cheap or expensive does not matter as long as you are able to take profit. Also, this cycle will continue to happen as it has always been, if bitcoin or etherum goes - 400% today, we would still have people unwilling to buy or hodl it at all. its why we say you can trade crypto currency at any time, no deadlines to buying.

this is how it is, you can find people who bought at the lowest prices, and people buying now and people who are just thinking about joining the race, everyone has his own circumstances that affect when they made their dicision to invest in crypto, only lucky ones who got the chance to do so
and make a profit out of it, sadly i wasn't one them.

I started on 2016 and only knew about bitcoin and only did it for free because i don't have money to start with. Still it was a good start for me as a beginner in crypto space. Later years passed i don't have the guts to invest on bitcoin or ethereum because all i do is to hunt airdrops and bounties. I did had some btc and ethereum but sold it too early as well. With price growth these days, still it is a safe to buy if you are a long term investors and just wait for the price to really shoot up to the sky and then cash out for better profits.

Not everyone has the risk-taking abilities so they wait for a good price to reach and probably they aim for short term profits.

While most of them are investing due to FOMO which is a common psychology of our mind but one who are real  investor probably invested at the low and wait for the real high.

Well, you possibly make money when someone loses it so you can only exist as long as their existence.

Didn't the end of 2020 and the beginning of 2021 already signify the massive adoption of mass, which means that new users coming to the market are not in the same situation. So it doesn't hurt that they bought it for $ 1300 just because the market situation is busy with Ethereum and bitcoin. we here still have Ethereum at the time the price was $ 200 and entered the market a long time ago. the fact is different from those who don't know Ethereum since 2016.

They are still here, they are not serious ith what they are saying. They are just spreading fear to those users with weak hands to sell Eth for a cheap price. You may see them as bitcoin maximalist but they too are holding ETH for they know its potential.  Too bad for those who sell at $150 actually.

Whats worse is that they bought eth while its price was $600.

I think you are right bur this is how things run in the crypto world and every trader have his own vision...its treu that its very profitable to buy crypto at very ship prices but this is tye life and we must accept everything...also i believe that is not that bad to buy at the curent rate for those who invest in long term

there are so many newbies/beginners in crypto or much more say trading industry, so It's definitely part of the process.

Experience is the best asset a trader can have, second is the knowledge. And these events is really great experience for all these people and some who have trust issues regarding this coins. Though this may backfire as they might put their trust too much, but its just how it works. Its all in the process.

It doesnt matter!

Where was everyone when the price was €16 ? Thats when I bought my first ETH.

Everyone enters at their "Discovery Price" and its up to them then when the sell
and buy back. We will be buying and selling when it is at $10,000 too.

It's about the mentality, the old traders will always know about when to enter into the market and when to leave from there.

So many newcomers were joining when the market has been starting to be pumped by the whales. I can't blame them consider they have kno knowledge about that dude.
You must consider the ration between the profit that can be received by them compared with the loss.

Why worry about lost profits? This attitude will not lead to success. We need to let go of the past and act for our future. Many people now think that buying at 1300 will be better this way and this is their right. Many people now think that buying at 1300 will be better and this is their right.

Most people are afraid to take risk while the price is still low and they do panic buying when the price increases which is really a negative mindset of an investor. They always want to make sure money rather than gaining a good profit through risking with Bitcoin and Ethereum which is actually worth taking since these coins have shown great potential. As investors, we should always be willing to take the risk especially when we know how profitable a certain coin is.

You can't blame people, they only tend to FOMo when pumps are imminent or when bullrun is alive, in 2020 when pandemic was still very fresh many thoughts it's over for cryptocurrency, they believe every coins will die and some thinks crypto is a bubble that won't escape a burst in that time

This is how market works, some people believe $20k per BTC is their ceiling they sold and the price went to $42k. The reason the price keep going up is because of the new influx of new buyers and new money entering the market, if you think those buy when the coin has done 10X won't make money then think again, look at Ethereum, BNB, YFI etc

Yes it could be very painful when the golden opportunity is missed at times the hot topic was Cryptocurrency is slowly dying because the price was down so badly obviously people will afraid as no one want to lose their hard-earned money, when the price gradually started to increase the topic has changed. Well that's how is destiny we can't change over it neither we can blame others on this.

There is nothing to be done, because newbies constantly come in the cryptocurrency sphere and very often newbies buy cryptocurrencies at very high prices, like now and this is of course the biggest mistake, because at any moment the entire cryptocurrency market may begin to go down, so in no case now is it impossible invest in various cryptocurrencies, which in 2020 have grown very much in price because correction may begin anytime, so it is better to wait when correction will end and after correction, you can safely invest in cryptocurrencies.

there is always a right time to enter regardless of the value at which you buy it, with ethereum you have a safe investment, lasting over time, certain if you have managed to buy it for less is better

In hindsight it is very easy to see when you should have bought and when you should have sold your coins but things are never that easy, when the effects of the pandemic were felt in this market and we saw that crash in March that gave a great opportunity for those looking to buy coins at a cheap price the possible repercussions of the pandemic were still unknown, now we know that it is way worse than the seasonal flu but it is not as lethal as we believed at first.

So people back then that may have had the money to invest in it decided not to do it and kept their cash in case they needed it.

Yes, not many people can afford to invest in crypto during the height of pandemic.
Remember, they will ensure to have food on the table rather than look for future price of crypto.
So I don't blame anyone on this matter. We have our own priorities in life, so don't expect that people will those things in times of crisis.
But for those who can afford, they don't know this is forthcoming. No one knows what the future holds, so you can't expect them also to invest in a hazy future at that time.

You don't have to be asking them where were they during those times. We can ask that question to ourselves too. Where we were during bitcoin's launch in 2009, during Eths launch. They're typically very cheap during those times. But you need to understand that not every one of us got a good time to learn about cryptos at the earliest time that we can. And while some could be already aware of it, they are just scared to invest in it because it's still new back then.

People looking to buy at the top isn't new, we saw that in 2017 already people were busy buying at the top due to fomo and it didn't end well last time, but maybe it might end well for the panic buyers this time who knows, cause after bitcoin crossed $20k I saw a lot of people selling thinking it was going to dump, but surprisingly it didn't and it's still above $20k till now, it's not like I'm advising any one to buy now, but I think there's still a chance to make some profit from the market.

In addition, they also have to consider their money in the long run, because this pandemic is seriously disrupting their financial lives almost completely. no one expected that the market would rebound this fast and high, and since predicting a bullish market was almost impossible, if they knew that there was a chance to make a profit, I'm sure there would be lots of people buying it at that time

It will always be like that because everyone will not buy the dip as majority are afraid of losing. So this majority join the train when the market is in a frenzy condition and some will feel like they can make many profits. But people that the rule of buy low and sell high won't be chasing after pumps and keep thinking it will keep going up.

It is sad to know the fact that when early 2020 Ethereum and Bitcoin prices were still cheap, very few people want to buy Ethereum and Bitcoin.
But this year once the price of the two coins is pumped, everyone looks greedy buying Bitcoin and Ethereum at a high price. But that is the human
being with his greed, it is very difficult to change this phenomenon. Because there will always be things like this in the future. The most important
thing for those who want to be successful, must be able to change by not buying coins at peak prices, but buy coins when the price dumps.

Well, why be embarrassed when it could be + $ 2000 shortly?
First, you must know that everyone has a different investment strategy, some like "long" and some "short". both have advantages and disadvantages, both of which can be maximized to get a profit as long as we can analyze the market well.
Second, we are only human beings, not shamans who can know the future, we can only predict, who can be right or wrong. everything has a risk, so be wise to respond to this :)

It's different for newbies who panic buy because they are influenced by Fomo, moreover, bitcoin has managed to reach a new fantastic price, that's not very good, they will only be trapped in defeat if they don't have a strategy.

This just like people buying BTC at $20k in which they can buy it $4k, $5k, or at $10k. This is a thing happening when we don't have trust and usually, we wanted to see the market grow first before investing.
FOMO, a common thing it happens in the crypto market. Mostly new investors will come when the market is already in the bullish season and this could be a reason why we easily dump as they are the ones to dump their coins first.

I remeber that day when Ethereum fell down to 100$ and I wanted to buy it, but then it grew up to 120$ and I decided to wait a little till the new drop. Of course, nothing happened, price only has been growing and I abandoned the idea. I regret about it now, but fortunately, I have had some other coins, which have grown a lot too, so I have a good profit, but from other coins

I'm not buying ETH at these prices, but I have started mining it a little bit with a nice GPU that I just got.

What you're describing OP is typical in a lot of markets, however.  Nobody wants to buy X when X is near its all time low, and then all of a sudden when its at its all time high, everyone wants in and it's like panic at the disco with people elbowing each other trying to get buy orders in and filled.  And so it is with ETH at the moment.

It's a fantastic coin, don't misunderstand me, but the time to be loading up on it was precisely when it was going for $150 and nobody wanted to touch it.  Investors are retarded and never learn when it comes to that.  You have to buy the air conditioner in the winter when they're on sale, not in the summer when everyone is trying to stay cool.

For those who haven't seen Ethereum and Bitcoin's 2019 bottom price, they can think Ethereum and Bitcoin will be priced at $1300 and $36000 respectively. Those who are new or inexperienced in cryptocurrency can only buy ETH or BTC at the current high price. Because if the price of ETH or BTC goes back to 2019, they may have to wait another 3/4 years to sell their ETH or BTC.

You can also learn from your past experience if we should never feel worry to deal with the legit crypto when it's still very cheap in the past. So many people have been missing the golden time to get the ride of the big waves.
This is not the first time that I have been seeing it. I remember that there are so many people are also regretting it.
People should learn how to train their mentality to deal with the risk in the speculation market.

People only tend to act fast when things are FOMoing, even outside of crypto space this is how things have always been with people, I was once caught in this myself until I learned about how crypto market works, the best time to buy coins is when the market is in bad shape and simply wait for the good days, it's very easier and safer like this than taking risks when there is pump going on

Good idea, not bad but still it depends on how much you buy that gpu and how much this bull market will be around for, if bear attacks the market today your rewards through mining will decrease alot, if you are making 5$ per day it might go down to 2$ per day, it's not a bad time to build a rig but GPUs are way too costly right now

They thought it was over, in my country same thing happened, there are few group of people that I was trying to teach one or two things about crypto, that was before the pandemic started and once bitcoin starts dumping the reaction was there in them, one even asked me if Bitcoin won't go zero at the time, I don't blame such people, they have no confidence yet in crypto and it's normal

I don't have a job when before the pandemic starts, cause I'm an engr. students and we don't have time for that, unfortunately. Though I have knowledge with crypto, and keep convincing my older brother to invest with it as I see the trend of it going upward in the start of the crisis. But he doesn't listen as he is a investor in fiat, and he actually is a good fiat trader tbh. So I cant blame him as Crypto is really volatile and very unpredictable unlike in fiat.

I get you, I believe many people are still feeling hesitant about crypto because of lack of regulations, if regulations do comes someday you will see millions of people adopting bitcoin more but I guess that's not going to happen anyway, regulations can't be forced on bitcoin cos of decentralization

Those who trust Bitcoin and Ethereum and buying too when most of us is losing hope are now happiest traders or investors because they already made a huge profit by trusting cryptos and now I see many traders/investors start trusting and now buying at even high price because they understand this market has huge potential it will give good profit sooner or later but for that one must be patient.

They are trying to buy back again when the dip happens. The only early adopters will always become the winner. In this case there are so many late buyers and they will always be loosing their money instantly due to the dump that happened with it. It's not only about patience but you must know how to buy at the correct time or you will be losing your value. The most difficult task

Can't blame them, perhaps it is too much risk for them to take. Anyway, I don't think it is late for them to enter because the market is volatile, I mean it could grow more than we currently have so why not, besides, ETH 2.0 is getting closer so the ETH might go to the moon after that. Personally, I haven't buy ETH or Bitcoin at their low price and if I do I might sell them at a fair price not on 30x profit because first of all, we don't even know that it is going around $40k or something, your goal is to make a profit and once you hit your goal then that's it, you sell and make another goal.

The simple logic that mostly used by the newbies if they will be going in when the price started to pump and they are worring when the price of coins already touched the bottom price or became stabilize.
They are feeling worried to see their portfolios goes down and that's why they will always be the party that loses a lot.
The early adopters will always become the winner.

yes, it should have been in 2017 when the price of ethereum increased its price to a very high price, many people who bought it ended up suffering a big loss, and in the end Ethereum fell at a very low price point, but it is very rare for people to who want to buy it, maybe even many who doubt this Ethereum, we should be able to make the lesson of course that has been missed, so for example, if you are afraid of experiencing a loss, before buying and aainvestment, think again before making a purchase with a high price rate, and of course you can waiting for a slight drop.

It's because of the pandemic period crypto is becoming well adopted right now, bitcoin have shown the world how stronger it is compare to other store of value assets around the world, it holds better and stronger than stock and gold, I has proven it's worth that's why there is more demand

100% agree! I forget who said it but I love the saying, "It's about time in the market, not timing the market."

do you know FOMO?
this is FOMO, everyone is afraid of being left behind and this is the result. I'm grateful there are people like them. because thanks to them we can enjoy all of this. Without idiots buying at high prices, no bull trend will continue. so we have to thank them. most importantly don't be one of these people.

Well it's quite natural to see people being scared of risking while a crypto's is too low but that's the sense of crypto. You buy low and sell high. You wait for an opportunity and when the time comes, you start going all in when you think it's the perfect timing. Many people are already regretful right now because they never though bitcoin and ethereum would go this big, even me cause I had the opportunity before but I failed to grab it. Right now, I already set aside my regrets and I just kept on hustling on my investment because I have faith bitcoin and ethereum would go to new heights soon.

This is the main rule: buy when it falls, sell when it grows.but you can't measure happiness with money

There  are traders and investors  who believes that buying while everyone  are selling  is profitable. They've decided  to go face  to face with fear, eventually succeed  and now enjoying  the harvest  of their profits.

We can't  deny  the fact that most of those who keep losing  their  money  from this industry  are those who can't handle their fears, people  who  have been moved  easily by any trends around this venue of investment,  you needed  to work more harder  and build much deeper  trust with your own understanding , sooner or later you'll  be compensated  and enjoy all the benefits.

I mean not all people have the money to invest in cryptocurrency that time when the Ethereum was only at 150$ and you cant really blame them,when bitcoin was dump on 3600k$ some people do not believe that bitcoin could still make it and others think that bitcoin going to dump to 0.

I guess it was just a matter of courage and gambling your money, most of the people are investing because of the hype in the market seeing the market price of Ethereum go up they were expecting more, probably most of us time that is the not the best time to buy because Ethereum could make a correction and this point, and the next bullish could a next few months or years.

The problem is that whenever there is downtrend people do not buy thinking that price could sink to zero which is rediculous while when price is increasing they think it will continue increasing and cannot come down, this psychology just hinders common traders in profiting from the market.

It would have been otherwise if the price had gone in opposite direction. It take courage, strength and perseverance to be successful in life. You need to mastered the act of not given up in order to make it in crypto. Alot of people who bought crypto when it was around 20k some few years ago would have think bitcoin is not going to set a new ATH again so many of them would have probably sell it off below 20k. Honestly with the way bitcoin has gone up in price recently, I strongly believe there is no specific price you cannot buy especially if you are willing to invest for a long time because one day, it is going to blast.

what can you say bout the ones that only know crypto by this year or by the time that eth broke 1000 dollars .

 they new and they think 1000 dollars is still a beginner price for eth and how sure you are that everyone is buying at 1000 dollars , im not a newb but im not buying etherium this high and im proud to say that ive been there before when eth was still low , i witness it all but maybe im not the type of guy that dig for eth . i already have my coin and thats btc ,so sorry .

OP doesn't understand market cycles. They exist because some people come in late and buy on top and those people are the ones who later sell at the bottom. Really the same people who buy tops sell bottoms because confident people don't feel the pressure. It can go down 50% and they won't have to sell.

How come these people buy the top? Because they are not investors and they are not traders. They read the news that some crypto went up and invest thinking they can still make some money.

True and they were expecting the price will be going to the zero and they will be losing all of their money. I have been asking some newcomers and they are also saying the same thing like that too.
Those didn't yet understand how the crypto market work and that's why they must able to build their mentality.
That's a common thing because they are newcomers.

It's not over until it's finally over, those who missed their opportunity will surely learn their mistakes later and try to adjust, let's not blame those who don't buy very low even when the opportunity to buy lasted for a while, crypto Volatility is still very much alive and in future there will be times when crypto will lose huge amount of value again

It's never too late to buy crypto, bear market will come again but those who are new to crypto will definitely be scared of losing money, you are able to judge because you are not new to crypto, price will never keep going up, also bull season don't always last longer like bear season

Don't be too harsh on the new comers don't forget if there aren't any new comer to buy your coins off you then they become worthless and starts decreasing in value. Don't misinterpret my statement in a ponzi scheme view but that's just the fact and isn't just for crypto alone. All assets needs news comers to keep it's value high although this isn't the only factor like in cases of ponzi scheme and that's what differentiate both investment.

With your statement, it seems you bought at those value you highlighted, well if that's the case then congrats and not rub it on others faces. Don't forget their are users that bought well early than you did. Now imagine those investors rubbing it at your face.

I agree with you, because when the price of Bitcoin and Ethereum was going down, but everyone was afraid to invest in Bitcoin and Ethereum, because they doubted if the price of Bitcoin and Ethereum could increase again, but for now many people are starting to invest in Bitcoin and Ethereum, even though the price of Bitcoin and Ethereum has increased very high, whereas if he invest in Bitcoin and Ethereum when the price is down (2018-2019), then of course he will get a big profit for now, therefore in my opinion, don't ever lose the opportunity to buy Bitcoin and Ethereum when the price is down, because you will definitely regret it when the price starts to increase very high again.

sometimes the person is greedy and feels that if he buys a high price he will hope to get a higher return, but in fact if he gets a loss he will lose his asset. So the best option is to buy low and sell high rather than risking assets

We should not judge who buys cryptocurrencies at their peaks. If they do not buy then the price will not go up. So buy and hold. It is better to buy rather than doing nothing.

I can only say that this can be quite a risky bet, because now is the time to make a profit. Or maybe people who buy ETH at the current price have good plans for the future, because as we know ETH has launched Ethereum 2.0, which is one of the factors that keeps ETh on the rise. But I personally prefer to sell the ETH that I have owned since the beginning of 2020 to be sold gradually, and not to purchase it in the near future.

It's easy to say this now that we are in a bull market, but how could investors predict the future last year during a bear market that was lasting forever?
Everyone says buy low and sell high, but how do we know we are doing this right? Tomorrow the eth price can be more expensive or cheaper and only when tomorrow comes you will know if you did the right movement. So I think we can't blame anyone for not predicting the results of an unpredictable market.

Only believers were the ones that bought bitcoin when it was $3600. And they deserve to earn that huge profit. I was shocked when I saw the price of bitcoin was below $4000 but I did not have any money to collect either bitcoin or ethereum. It was my biggest regret in 2020. But I have to move on cause opportunities are waiting for me ahead. The market still runs without stopping and with my small initial capital, I hope that I can earn a great profit before the hype over

certainly no one predicted a market bull run would actually take place where the price of all coins can be pumped so high and many people do not take advantage of this moment, including myself nothing to be sorry about with current conditions, at least it makes us even more enthusiastic about investing
because the crypto world looks even better

This is a good point, we must go back and remember what we thought back then, when the price crashed I really thought the bull market that was forming was over as it seemed impossible we could see the stock and the cryptocurrency market skyrocketing after their respective crashes.

And it was also impossible to predict how much money governments will print in such a short amount of time to try to revive the stock market and it seems that is the main reason why this market recovered almost immediately as well, as not only some of that money came to the market this also revived our old fears that eventually fiat will become worthless on the long term if governments keep printing money as they are doing now.