Bitcoin Forum

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Sad but true. When the price is down, few people are interested in buying bitcoins. But in a hype and with high prices, people suddenly become interested in bitcoin and buy him dearly.  :'(

I've experienced this again and again in the last few years in my circle of acquaintances and it hasn't changed to this day. I wonder when will people finally learn it?  :-\

These kind of people do not know about the cycle, they do not know that BTC has a history behind it that repeats itself, but they only know BTC's value can increase and that is what their interest is, that's why they are never interested in winter periods but bull periods only, it is the same in any other field, you can only know what you take out your time to learn and understand. The people who understand the history and cycle are those that have made their research on it, and afterwards experienced it with the knowledge they have, this kind of knowledge is what get rich quick investors do not have, that's why they invest only when it is fomo time.

This has always been the case for most of those who just entered the crypto market, even some of those who has been here for quite some time are also like this, as if they're questioning the capability of Bitcoin in a long term perspective.
A lot of missed opportunity indeed. It is true that a lot of people could say "buy low and sell high", but it turns out to be a hard thing to do lol.

The best time to build wealth in the market is definitely not on a bullish season but it’s always on a market being bearish. As they’ve said, this is the best entry so you can maximize your expected profits when the market turns already into bullish. But this is what newbies are thinking. Instead, they come in the market when everything is good and profitable expecting that the price of bitcoin will eventually go further. And when the price suddenly crash, they end up panic selling and blame bitcoin for their huge losses. If that will always be the mindset of new investors, they cannot expect to get rich with bitcoin.

It’s human psychology in the sense that you can take a horse to water but you can’t make it drink. These people won’t buy, no matter how low we go. Then when we pump and hit new ath in 2024 & 2025, they will be saying it’s not fair & hating bitcoin. These are the 9 to 5, desk monkeys. They will never break free from modern slavery.

Totally a real story which people do really only consider on buying when its already on peak price or when it is already gradually becomes expensive and not into those times where the price
is on the dumping state or bearish momentum.These people would be just simply be murmuring and whining when bitcoins price hits up new all time highs and telling to themselves that
they should have bought into those times.

Its a never ending mistake on which people wont really be that confident on buying when we do see reds.They do love on buying when its already on greens. :D
I can definitely say since im guilty on this one. haha

It’s totally normal for our nature when he doesn’t really know much about something he will be scared to go through something he doesn’t understand or know how it works, look at us now in bitcointalk most of us are saving every little extra punny in bitcoin knowing it’s a long term investment and a safe place to put and hold your assets, but for others they are comfortable to invest on high price and wait it to go more up and once they see a little bearish sign they run to sell it again

They're not going to learn until they watch it over time - I don't think anyone fully does. If you watch the price over a period of time you can start to understand what's going on and how to invest.

It might be best to tell these sorts of people to invest just before or after the halving - but maybe they're just coming up with polite excuses. They might be the same sort of people who invest in stocks, see it's a little lower the next day and sell them to "cut their losses".

Unfortunately, newbies want instant profits when they think of investments. The reason why they always prefer to invest when prices are high and profitable. So they enter the market and buy coins at their highest peak, and maybe earn slight profits after that. But since their goal is never for long term but for only short term, so they started losing after months and quit after that. That is the most scenario with newbies right now as they don’t create long term goals, but we’re only good for short term goals.

Sadly it is the way it is. Unless we get another random influencers mentioning Bitcoin a lot at these moments, non-crypto users would just look at the price as just another investment that is not worth investing at.
Surely after the 69k, people would now believe that Bitcoin is reaaaaally not those shitcoins that you usually encounter in the market.

The consistent 5 digit in USD price surely brings a lot attention already to a lot of investor. $200 is already a lot when converted here in my local currency, what more if it is five? :D

People's mindset to buy when they see the hype is good. They actually don't see the price but they focus on whether the trend/hype is good or not.
It is the same as Dogecoin, many people buy Dogecoin when Elon Musk makes the hype. They don't care what the price is, but they are following others during the hype. Sadly, whenever the hype happens, the price should increase drastically and people will buy at a high price. Many of them don't realize that after the hype there will be a huge drop.

In the Bitcoin case, many people probably will buy when the price gradually increases after the next halving (in 2024). They should buy when they hear much good news about Bitcoin, especially when they hear again that Bitcoin to reach $100k in the next bullrun.

This happens because the news/issue has a big role to influence people's interest to buy.

I understand their attitude.

Many of these people bought at 60k, it fell, they bought at 50, it fell lower, they thought ok I'm gonna be smart here, I won't buy at 40 if it falls there, I'll wait for 30 because it was the bottom mid 2020, it fell lower. So the last straw was: I'll buy at 20! Bitcoin never went below previous cycle's ATH. And it fell lower...

So now these people either hold coins bought at 20 before we fell to 18 or bought higher and sold it when they went into a loss. Now they need the price to fall much lower so they can make up all the money they lost buying above 30k and selling it on the way down.

Because they don't really understand the cycle of bitcoin, they feel unsafe buying bitcoin at low price because they think it is likely to drop even lower. But when it rebounds it gives them a sense of security and thinking it will go even higher, they can buy from there and wait to take profits. Unfortunately, things don't go as they planned and they will panic sell when the price drops afterwards.
This is very normal, if everyone is like us, just waiting to buy bitcoin at low price, who will buy at high price and how will we sell if no one buys. Financial markets always have winners and losers, not win-win.

Very true, the psychology of cryptocurrency is fascinating. People are drawn to bitcoin investments when the price is high, but the same people is less attracted to Bitcoin when in the bear season. These are mostly the new investors because anyone who’s been buying sats long enough must have learnt the hard way. While newbies take the bear market for granted and think it’s the end of days for bitcoin when they see the market is red, they are scared of buying bitcoin when it’s not pumping.

The market is in a serious consolidation phase, and many people don't understand this. It's not a time to be scared, but rather a time to buy more and hold onto your coins. I bought during the bear market and will continue to buy as long as the market remains cheap. I don't know how long this bear market will last, but I do know that it's not worth trying to time it out. It's better to stay consistent and buy at good prices rather than trying to guess when things will turn around.

I can't speak for everyone, but I know many people who are scared to buy because they don't understand the Bitcoin cycles and think it's just a bubble waiting to pop. But, I'm sure that in 5-10 years the question will be: ​​Why didn't I keep buying when it was so cheap?

It is true that people always get into panic mode when the price of bitcoin drops. Further they never make use of opportunity. With bitcoin the growth is assured, only thing required is the holding time period. As we don't know when the market bounces, we need the patience to hold. The picture represent the reality of the people's mind.

For users who have bought at a lower price and sold at the higher price will know well about the market and intends to buy as much possible when market is at the bottom. Maybe all the users waiting for the bull move could buy it when the perfect transition from bull market to bear market takes place.

That's how they look at the market, they'll buy when it seems there's a movement and it's fast so they can also profit fast. But, that type of strategy is good for short term. In short, they are short term thinkers and they don't do what we do and that's to accumulate during the low prices.

It's no longer surprising when there will be those experienced folks in the market to buy bitcoin during at the top and not to take this time of opportunity of buying it low.

And when the bull run's done, they'll complain during the bear market that they did a mistake. It's just going to be another cycle for people that will have the paper losses.

Opportunities are not always beautiful and attractive. The bullish market attracts mostly short time investors that mainly focus on making quick profits. They are mainly attracted to invest by the constant increase in the price of Bitcoin. Most people that buy Bitcoin when the pricing in increasing usually perceives it as a get rich quick scheme. Patient and long term investors usually take advantage of the bearish market. These set of investors believe in Bitcoin and are very hopeful that the price would become favorable in the future.

Another reason why people don't take advantage of the bear market is that they believe that the price of Bitcoin would keep dropping.Therefore they are waiting for the time it would be very low so that they can buy. They want to buy Bitcoin at the cheapest price and sometimes it might never get to the price they expect.

Just like into those early days or years of Bitcoin or crypto where everything doesnt really look good as these coins doesnt really have much value which it would really be resulting for you not to get interested on accumulating because you are just basing or focusing too much on the current value and without minding about its future potential which it did really happen after a decade, and now it would really be leaving you
on regretting and keep on telling that you are just too dumb that you had missed out that opportunity on buying cheap.Its true that opportunities doesnt really look appealing or something good.
It would be always particular be showing off those extreme red candles and almost into the floor price which only a few could really see these as an opportunity.

It's all a matter of who's stupid enough to not research about bitcoin before investing really. You would notice that along with the pattern you mentioned, the people who are repeat offenders of this war crime (the use of war crime here is a joke, I cannot stress this enough) is those who just heard or saw bitcoin on a newsdaily article and immediately jumped to investing without prior knowledge about the dangers and the potentials. It has been like that since time immemorial. This is mainly caused by the fact that the media sensationalizes bitcoin's rise in price but doesn't talk even a little about it when the price drops. People are easily persuaded when there's price increase so the cycle starts again and again.

Any cryptocurrency investor or enthusiast who doesn't have an interest in buying Bitcoin during this bear market is either new to the market or doesn't have the financial ability to buy BTC.
But if this topic was about the trend of Bitcoin, it does mean people are not buying in this bear market.

Some people are not buying during bear season because they're afraid the price might dropped further, hence they prefer to wait once the price is already recovering. I think that's understandable because they just don't want to experience having losses. However, if you're a wise investor, has knowledge about Bitcoin and its history, and your goal is to be a huge gainer in the future, we know the cheaper price is the best time to buy since you can accumulate more. It's really an opportunity if you're taking it in a positive way, but not all can appreciate this season because they can't sell to take profit while other weak investors are selling at loss then quit.

This is the reason why people who have knowledge on what they're getting into and has patience to wait (even it takes a long period) are the ones who have the chance to gain in the future. But keep in mind that regardless how profitable it can be, the risk is always there hence be prepared since anything is possible to happen.

If in the illustration, a crowd of buyers is queuing at $20k, at that time the price will be $20k stagnant but increasing slowly until it hits $60k or beyond. I think that pensive dude is also not stupid to sell cheaper if the current demand increases. ::)

Actually you're not completely correct because if you look on Bitcoin market at Coingecko or Coinmarketcap, there's huge trading volume in bear market. This mean people are buying Bitcoin right now, but we don't know which person who bought it. IMO most of the buyers are whale or company who looking for long term since they have enough money when the worst thing happen. While most retails are scared to buy Bitcoin right now since they think Bitcoin would go lower and lower.

This only happens to newbies, who do not buy bitcoins during the bear market because they fear that bitcoin will drop further or they think that it is dying but when bitcoin goes up again, they start buying because they think they're missing something, they start buying without knowing its price is already very high.

Bitcoin is for everyone but not everyone knows how to take advantage of it to their benefit. Investing in bitcoin is like participating in a game where the winners will be those who know the rules of the game and persevere to the end.

Actually, this kind of people don't have knowledge or don't trust bitcoin at first, but when bitcoin makes its way to its ATH, that's when people start buying it at the peak. When it goes down again, people who bought at the peak will again say bitcoin is a scam, but when bitcoin hits its ATH again, it will be its second ATH. People again bought it, even if it was more expensive. Lack of knowledge could lead to losses. I am just hoping that those who bought at a high price are still holding, but I am sure they already sold it at a low price.

If you pay attention you will see that the trading volume in the bull market is the same and even much higher, trading volume is calculated by all transactions being executed on all exchanges or any transactions on the blockchain. That is, includes trades made by day traders, not just buy and hold so it can't be said that people buy a lot during bear season. If people are buying then I think bitcoin will never drop from 69k to 20k, if people don't dump the price will never drop.

what some dont realise is this

when there is alot of active trading
there could be 1000 traders an hour buying coin at stages of
20,000.01 20,000.02
where the price only moved in the region of 20,0X0.00
meaning the price only changed by $10-$100

where as at $69k there might just be 4 traders still willing to buy
69,300.00 69,600.00 69,900.00 70,100.00

where its the last few traders are making the price move by $300-$1k

other things are that if a regular minnow investor only invests $400 at a price point of $20k.. they are not then spending $1.2k when the price is $60k
what you find is they get 0.02 at $20k and only get 0.006 at $60k

..
many people think the amount of traders queued up at $69k is more users buying than at the $20k mark
many people think the amount of traders queued up at $69k are physically paying 3.5x as much fiat as they would at $20k

but this is not the case

1. I guess people have generally low risk appetite. Normally, people would rather be safe than sorry. That's something inculcated in our brains since we're young. That must be the same attitude prevailing even in terms of investment and finance in general.

2. There's also the fact that many are simply emotional, a characteristic that has very little to no place in the world of investment. Seldom do we see somebody who celebrates when prices are falling. When charts are full of blood, the majority are feeling down. It is noticeably ironic that people show extreme fear when the prices are low and extreme greed when the prices are high, resulting to many buying high and selling low.

3. There's finally the fact that a lot are not really familiar with Bitcoin and its fundamental features. To a certain extent, I believe in some who say that once somebody gets to know Bitcoin, he/she can't stop buying. So those who are fearful, aren't buying, probably don't know Bitcoin yet.

Perhaps, this fellow is ignorant of the investments in the financial market. It is always better to buy your asset when they are cheap, that is how much profit would be made. The investor would be lowering risk by doing that also, unlike buying the asset at higher prices, the risk would be higher in that sense.

Bitcoin however follows the same principles of investment, and I believe the OP should assist in further guidance as this person is totally naive.

The herd mentality is a weird one. Because history has a tendency to repeat itself, we are going to see the same all over again. Most people don't want to bother with an investment like bitcoin in times where it doesn't look good. In the last months, it looks really bad. As soon as it recovers, and it will, public opinion will change. The media is a driving force whether we like it or not. When bitcoin gets some publicity in mass media with news reports talking about how the prices have gone up 40-50 percent in the last month or two, that's when the public begins investing expecting even better returns. 

I will keep saying that different people want different things from BTC. Yes just about everyone wants to see their money grow. But people looking for short term growth are going to want the price of BTC to move in a different way then people who want mid term or long term growth.

Add in all the other factors and you are going to get people looking at their buy in price in a totally different way then the next person who may want the same thing.

Kind of like some people buy homes that need renovation and a lot of work to take care of all those issues and flip them for a profit. Where other people may buy a house that needs nothing but the price is depressed for some reason, and all they are going to do is sit on the property till the price recovers.

-Dave

If it was not natural behavior for human being then how would whales earn their money on the waves they make? Otherwise Bitcoin rate changes to rather stable USD were more equable. But we live a a world we have with humans behaving as usual and that's why whales play with Bitcoin and that's why it's rate to USD is so volatile. ;D

new entrants will always enter when the market is up / the price is high from the previous year, because they are carried away by the bitcoin hype itself, and when bitcoin goes down they panic and they release their bitcoin at a low price,
but undeniably this is the bitcoin cycle for beginners,
and does not apply to old investors who already understand the bitcoin cycle when to buy and when to release to get profits

a very interesting topic, and at the same time reminiscent of my own experience, I used to always buy bitcoin at high prices, but when bitcoin went down I was strangely afraid to buy, because what I was afraid of was after buying bitcoin the price would fall even deeper. so afraid to lose. whereas with the price dropping it is a good opportunity to buy, and having excessive fear that is the hurdle we have to face.

What I think is that people eat with what they see, if they see that bitcoin is at $20k knowing that its last maximum was for $70k they don't buy it, but if they see that it rises to $80k they buy it, This is something that always happens before, it's like when we need to buy gifts for Christmas Eve, we don't buy them at this time October-November, everything is a little cheaper, if we leave it until December, it won't cost the same, because the demand it increases and the supply decreases, and since Bitcoins are limited, it is something that is not understood but it works that way because people eat with their eyes and get carried away by what they feel.

Some people do buy during the bear market, but yeah, the hype is always when the prices are high. People don't buy when it's low because they don't believe in it. They don't believe it will recover, and they feel like the bottom also wasn't reached. So they think that if they buy at $20k, and then it falls to $15k, it would be very sad and they'll lose money. When the price is growing rapidly, they figure that they'll buy at $60k, and in a matter of weeks it will already be $65k, so they'll win. It feels safer, unless you believe that Bitcoin always recovers and will recover again. To be honest, I don't think the majority will ever learn from this. Some who've made this mistake earlier might not make it again, but then more newbies will join the market when it's bullish and will make these mistakes.

During the bear market, there are still a lot of doubts because they are afraid that when they buy the price will go down but strange when bitcoin is at its peak many are queuing to buy even though the logic is that it is impossible to build wealth at high prices, especially when the market is bullish but in reality we have to know the bear market is a good opportunity to buy and just waiting for patience to recover, we must know that this cycle will surely repeat itself but for some reason those who are mentally weak are always hesitant to buy now.

For me the opportunity now to buy more bitcoins and just waiting for the results to be picked at a later date will be a fun day.
If someone asks me when to buy and he says wait for the price to recover then I say again you will never be rich.

I suspect there are many reasons that accompany people not to buy cheap in 2022 so it may not always be about fear. It was the economy and inflation that forced me to adjust spending and investment, so to be honest a lot of people would probably think the same as me even though they actually bought less than they wanted to buy.

Don't tell that to those who actually know about the workings of the crypto market especially bitcoin in the last more one decade, but it might seem true if they are newbie trying to hope to get rich overnight.

This serves as an example of what is actually taking place in the bitcoin market. I still clearly recall how many people I know were extremely disappointed that they hadn't purchased any bitcoin when it reached a high of $69K. However, now is the perfect time to do so, even though they believe it will still drop below this level before they do so. Purchasing gradually while the market is currently bearish would only result in greater profits, no matter how small, as opposed to missing the chance to purchase anything at all now.

Ironically, I wonder why there is always a rush to buy bitcoin when the price is high and low appetite when it is low, not knowing that low price equals more Bitcoin and high price equals a small accumulation of Bitcoin units and that is the mechanism that also works with the piece and volume of Bitcoin holdings.
Buying at a low price is the best entry point, so by doing so you will increase your profit margin and lower your risk level by buying low and selling high at a later stage.

People are hesitant to buy when the Bitcoin price is crashing because they thought that it will continue to drop into oblivion.  But once Bitcoin surges those who missed the opportunity to buy during the dump get FOMOed buying even when Bitcoin is at its peak.


True the availability of funds for present and future plan is one of the reason why some people are not buying during this bear market but for those who have funds still avoid to buy Bitcoin because they think they are catching a falling knife.  Little that they know that they regret skipping this bear market because Bitcoin is bound to greater heights every cycle.


This show the lack of knowledge of a person saying this stuff.  If they are knowledgeable about the Bitcoin market, they will not buy on top but instead, wait for the market to correct or at a bear market trend.  If they say that Bitcoin is a pyramid scheme then we can label all things a pyramid scheme since Bitcoin is traded in an open market just like any commodities and assets.

There must be changes. I don't think all of those people will keep will never learn on their mistakes and will accept to lose money forever but there's no exact time frame if how long they will realize it because there is no way to tell if when will the bear and the bull will come but they will realize it once they witness this two cycle. If you are surveying people about this and you found out that their answer is wrong, you should try to help them correct it.

I know you might think that they will hate you because that was their money anyway but there must be people that are welcome for any advices and you will be surprised that they will thank you for this.

People will remember when the price was high but will forget when the price went down, but when the price drops now they are still hesitant to buy, they are afraid the price will fall again, so I say they are not mentally strong enough to invest in bitcoin.
So there are still many around me buying higher bitcoins and selling at low prices because they panicked for fear of a big loss and eventually sold everything, I've seen some of my relatives who are unable to survive the erratic fluctuations in bitcoin prices.

The title really excited me but when I saw the pictures I knew the point before I read the topic, yes unfortunately this is the case for most people in all bitcoin cycles, when prices are cheap, people are very hesitant to buy and start to get bored and doubt whether bitcoin will rise? But when prices suddenly rise, they start the race to buy at exorbitant prices after they have missed the cheap price train. They regret every time but unfortunately they don't learn.

I once thought about this, if I buy bitcoin then my instincts have thoughts, maybe this is what you mean, if this goes down again then I will suffer losses, but as time goes by, I just understand that this is the Bitcoin trading system, if I have thinking like that continuously then it will make me panic, so I decided to learn to sharpen my mental, in recent times to buy at a price that is really the lowest, if the price continues to decline then it's my decision to trade in Cryptocurrencies. .

Never heard that version, though of course I don't usually ask that specific question (I never initiate, but when it does get to my turn, I do ask something along the lines of "what's your take?".

The most common answers?
- Too expensive, I'm trying ABCshitcoin instead it's still XYZ cents.
- Nah, it already went up to ATHa, no way it's recovering.

The only thing that changes is the correction process, even though the same cycle occurs over and over again, the uniqueness of bitcoin lies in this kind of cycle.

There is a kind of skepticism when people buy bitcoins at high prices, that's normal and happens often, because most people don't know what a cycle is, even though bitcoins can be bought in the market at any price.
But when people make the wrong buying strategy, it will happen and will be labeled "Bitcoin is a pyramid scheme and a scam". The fault lies in determining the strategy and entering the market at the wrong time.

Recovery in this case is still quite speculative, whether the person intends to buy bitcoin at $60k, $50k, $40k and or at what price.
Fortunately until now I personally have bitcoin, although not too much and still making purchases gradually. For me bitcoins are too much fun to keep slowly accumulating.

We are not talking about one or two people as this should be of a general nature which is mostly affected by inflation. I absolutely don't want to avoid buying at low prices if I have good financial conditions, for personal reasons it's because I believe bitcoin's good in future based on its history. Bitcoin as an investment and trading asset, bitcoin is also good as a store of value asset.

There are lot of people have to buy and are even buying bitcoin right now for less than $20K in the last few months, but I don't think they need to announce it. It would be good to remain silent for any asset we currently have regardless of how much it is worth.

It is like they will first notice your mistakes than your good deeds. This is really the issue, since before they were mostly buying at the peak and selling it when it was dropping, and they would say Bitcoin was a scam. That people who don't trust bitcoin or don't know it well will panic sell it if the price drops. The only solution is to learn more by reading or learning from experience (though this is really hard, it's because you will lose money on it).

Classical FOMO, expecting better conditions and waiting for them. But in fact it is impossible that all can buy at the bottom and to sell at the top. So IMO it is better to consider if it is a good price for you at the moment or not and to act basing on that reflections. And not to worry about conditions were not optimal.

People will say, "learn from experience" but they also don't realize that other people have had that experience first. Studying the experiences of others will prevent the same from happening. Although this looks naive but we need to do it.
Ordinary people forget about how to put the right mindset about buying bitcoin. Not just buying, but also understanding what they are buying.

When all the hype comes up and bitcoin is at a high price they will realize they have to buy bitcoins, but they are not ready when bitcoin starts to fall. psychologically they will be disturbed and more inclined to sell it hoping to continue going down.

https://i.postimg.cc/Kc1SbSVs/BUY-BTC.jpg

It's true people don't want to buy Bitcoin when it's cheap and increase buy pressure when starting a bull run. It's this circle repeat always as we have seen. There is a reason why people don't want to jump when Bitcoin is cheap. That's nothing else except panic. When the market becomes too red and increases sell pressure, people become panic and dare to buy it. They think Bitcoin would dump more and more. So we might lose a lot. But when start green, a FOMO work there and people start buying. You would notice many threads during the Bitcoin bull run that they should buy or not. But they automatically become afraid due to the red market and don't buy on the dip.

Funny enough, i had this experience with a friend of mine today, though not bitcoin but an altcoin i invested in because if its potential, he is a newbie, i helped him to convert our local currency to usdt and got it deposited to an exchange where the coin was listed, hes reason for the deposit was to buy the altcoin in question, after the deposit was successful, he lost interest, said he can not buy the coin because the price is going down, i told him to buy it at that time for it was a good opportunity, he refused and i left him alone, about 2 hours later, the same coin began pumping and in a few hours, did about +23 percent, i reached out to him to inquire if he later bought it, he said no, i mockily asked him if he was ready to buy now that the price is going up( since he could not buy earlier because the price was going down ;D), he said no, that he cant buy it because the price is going up, that he will wait again for price to come back down.
Coin already more than doubled the price it was when i told him to buy, and i  dont think there is anyway the price will ever come back to the amount it was when i told him to buy.. some people will never learn.

This is true and each time people keep falling victims in buying Bitcoin expensively. This is human nature they don't appreciate an asset when it is cheap but they value that same asset when it is expensive and they prefer buying it at an expensive price.

They don't understand the history behind Bitcoin and it's volatile nature. When Bitcoin is in the bear market they become scared that it might end up depreciating till  zero so they become sacred of buying,and those that have invested also get scared of losing their asset by selling their Bitcoin Holdings. The same way when Bitcoin hits the bull market they all see it as a means of investing to become rich without having the proper knowledge of Bitcoin and gets disappointed in its bear market.

The idea that pushes the scenario in OP is the get rich quick idea. It is an idea that has seen so many investors to there downfall because of the stories they might have heard, what is happening on the chats and how they could get in to make the most of it.

Most of them investors forgets its a buy low and sell high principle that guides this business. Suddenly, they get a phobia that when it falls or is low, people seem to believe that it is crashing and not getting to know when the market would be at its dip gives people the idea that it's still going to fall and so they pause on investment. They only want to buy when it's in a bullrun but then, you've lost most of the profit.

hahaha, that meme is all over the place on Reddit and Twitter  :D maybe the reason why people not buying when cheap is because lack of money and fear when the market continue to drop and why people buy at higher price because they might think the price will continue to Rose

This is the sad reality of the thinking trend with the majority of people.... they do not want to buy when the prices are low, because they think it is collapsing. The Bitcoin price has bottomed out for many months around $20 000 ...so people should have realized now that it possibly the best time to buy now.

They wait until it has significantly recovered and when the media starts to notice... then suddenly people jump in and buy at a much higher price. (making almost zero profits or even losing some money.. when it drops again)  ::)

Looks like we may get to buy cheap bitcoin soon after all. The situation with FTX does not look good at all. It has LUNA written all over it. $20,000 is cheap but we might get the chance to buy cheaper in the next week or so, something to keep an eye on.

It’s all a moot point long term though, it won’t matter if you bought at $15,000 or $50,000. We are going to $100,000+ before 2026.

I don't believe it is lack of money, but understanding, if they lack money to buy when it is cheaper, how come they now have money to buy when it is expensive :D :D. I believe it is all about the fomo. People like to get money fast without having to wait or be patient, when there is no movement in BTC price people are not encouraged to make any move, but once the train starts to move they get motivated because they see it as a way to make some returns on investment very fast for themselves. These people are the weak hands, they drop off the network when it is crypto winter, and jump on again when it is bull time, they never learn ::).

Well, I might be wrong but I am guessing this set of people don't really have the spare cash for Bitcoin Investment, meaning, they only want to invest or buy Bitcoin only when they see a confirmed uptrend thereby missing out or at the least making a minimal profit and they will complain like you rightly mentioned.
I believe we all agree that it has always been advised to invest what you can afford to lose or what you don't really need in the near future hence some will only wait till the Bull market, however, this does not mean that there are not others that can not make up their minds to buy even when they have the funds because they were fearful and will still want to wait for a confirmed Bull market, either way, bad decision.

If they don't buy now when the price is so low, then they probably won't buy if the price drops even lower because they'll be waiting for a lower price. But when the market moves up, everyone starts buying, because everything looks very positive, communication comes to life and people convey a positive mood to each other. In this case, part of the profit will be lost, but the majority thinks so.

FOMO is real and it had been scattering like a virus. They won't take the risk and jump forward, instead they wait for the first guy to jump and check if the footing is secured. After that, they still don't have the courage to jump, they will wait for the second guy, the third, and until the millionth one just to prove its credibility.
They always decide when it's already late. I guess more people are having trust issues in this era.

Looking back at that time period makes me remember how many times the price is falling but people continue to buy and hold during highs, when the opportunity to do so is abundant. When a bull market begins, people start buying and making lower interest than when you buy durable bear market securities, accumulating and selling little when enough profit is made. Looking at the market during 2013, when bitcoin reached $200, it was a significant opportunity to have accumulated enough, but as they say, "knowledge is power.

This short conversation got me laughing so hard. It is a very short conversation but it defines the character, believe, mindset and fate of millions of people . But one thing is that, we cannot change the narrative. Maybe it was how Satoshi designed it to be ;D

During the next bull run, you cannot image the number of newbies that will join this industry and coincidentally that is when many fake Icos and shit coins would be launched. After the bull their portion will reduce and fake projects disappear, then bitcoin becomes a scam.

And people should really be looking on whats currently happening as of this moment on which the price goes down again on 18k price level which people would be even more hesitated or having the fear on buying

cheap :D This is a very common reaction and perceptions to have in mind is that we dont really love to buy when the prices is declining just like this moment but on the time that it do make out some huge movement
upwards then this is where people do make out their move which is really that something you could really laugh at.If they had just been wise and smart on taking up opportunities on a declining market they they
could really be having those profits on short term.

If you want to buy cheap then this is the time but i do actually laugh about this sarcasm on what op made which is indeed fact the reality.

They will never learned from it even if they encounter a lot of losses. For as long as the greed is there, they will always be blinded with the high prices and tempted to buy again and again when the market is on top. When they have no funds at all left to buy, maybe that’s the time they will realize that their strategy is not working , the reason why they keep on losing.

That's human beings' reasoning. We can't change it. Some beings have built on a character that they can't believe that bitcoin can make them rich in a short or long time depending on when they invest. They only invest when there is a rush in the market that bitcoin is skyrocketing in price.

I have a friend that I have been convincing for quite some time to invest in bitcoin, but he's so adamant to invest in bitcoin. His reason for not investing is that he can't invest in what he doesn't know his future price tomorrow and he can't hodl bitcoin for so long waiting for her price to moon

For me it is  lack of money, I always try to buy when the price is down, and also I suggest people to buy when the market is bearish but it is always the same answer - What if bitcoin is gone forever?

I stopped suggesting people for now. :P

But that’s not how the newbies in the crypto market think. They always believe that bitcoin is a good stuff to buy when it’s price is surging, believing that it will skyrocket again and give them their expected profits. But in real life, things are happening the opposite way. Instead of seeing more of a pump, bitcoin price suddenly drops its price after reaching its peak, and then they start panic selling and losing. If they will stick to what they believe, these newbies will never gain good ROI regardless of how often they lose in the market.

I think it has something to do with human psychology. Whenever something drops in value suddenly, there is a panic that its become a dangerous investment. This is very understandable. I mean look at what happened to LUNA. Anyone who got out in time was lucky to have done so. So in such cases, being suspicious of the dump was the right thing to do. But then again the crash was due to the shitcoin itself that collapsed. Not because of short term FUD.

But when it comes to Bitcoin FUD based dips (like right now with the entire FTX and seized 50k Bitcoin drama), we have learned not to sell on such news because in the long run, it does not affect the value of Bitcoin at all. Its still going up. So every FUD dip should be seen as a discount price.

The beginning of the second week of November provides an opportunity for us to buy Bitcoin at a price below $19k because the price of Bitcoin is currently selling at $18.2k per 1 BTC. Is it possible that it's caused by an FTX problem?

It will always make us smile happily when we hear things like this. There's no reason for us to refuse because we always believe that Bitcoin will hit $100k or more in that year.

Those people are basically in doubt and are not sure of its capabilities, but that's just fine. Your task is to share your knowledge about it and avoid forcing him to do so because he/she will just be pressured. That is only if that person you want to invest in Bitcoin, is important to you but if not just let them be because you'll take the blame everytime the market value falls. Same thing happened to me way back 2017 wherein a friend of mine asked where I invested my money then I shared this technology towards him. I also discussed the risked but what he saw only is profit; he disregarded possibilities of losing. When thr market crashed he was mad at me because he thought that I fooled him. We never spoke to each other again. He also chose to liquidate.

Last year when its msrket value broke the ceiling, I saw him posting stuffs LOL.

It will never end for people who only hear "bitcoins can make you rich" from people who already have bitcoins and then make a profit by selling them at high prices. They fear not getting the same "golden moment" if they buy now, then decide to see if there will be another rally.

Haha, they think Bitcoin is sick, and only recovers from disease if BTC makes a new ATH, and that's the time for them to rush into buying.

If in the case of someone who doesn't know anything about bitcoin, you give them the advice to buy bitcoin, of course they will disagree. Instead, if you want people to buy something that's going down in price, you have to explain it to them, at least show them its history of growth, the price at which bitcoin hit its previous ATH...people who are panicking and don't dare to buy bitcoin when the bitcoin price drops because they don't understand bitcoin, they won't buy something they don't understand.

Hahaha same here especially since bitcoin is a risky investment, not everyone will like a risky investment. but like I who live in the developed country buy crypto like this with high amount will become lot of thinks in my minds

but keep suggesting people since high risk high return when you can tackle up the volatility  ;D ;D

The thing is it has a lot to do with the way human minds are created. We are always afraid to lose to our emotions and self-doubt. That's what keeps us in doubt in every step in your life.
If we succeed we get confidence and motivated to do that again. if we don't then we just stay away from that.
But it doesn't end there. certain actions leads to confidence and failure in that same situation can make us to stay away from that too.
If you can overcome that fear and let yourself have faith in yourself that i think many people won't face this such thing.

Yet again that is not how we are created. In a certain point of our life, we will doubt what's real if we can't see the results.

There is nothing wrong with doubt. Just need to use them correctly. For example, doubt can help avoid the stupid investment of shitcoins if it quells greed. In the case of bitcoin, there are fewer doubts every year, and more and more people who trust it. And it looks like the credibility of bitcoin is growing even more with each successive cyclical increase, which encourages people to buy at precisely the moment when the price is high. They are guided by the fact that if the price has risen, it will definitely rise again, which looks naive from the point of view of those who have seen bitcoin cycles.

I think that the time when Bitcoin could make rich mostly every supporter are over. Yes, it is still volatile so some earnings can be achieved and nowadays, but Bitcoin will not get 1000x no more. So it becomes rather an asset for keeping savings: may be it will not give you an opportunity to get really much, but it's nature is deflationary so in the long term it will not loose as much of spending power as fiat currencies.

It could be. But there are still a lot of people out there who think about it, even some of my friends in real life. Seems like "Bitcoin can make you rich" is a big motivation for them.

I don't know. I don't really like things about price predictions; too many predictions make me confused.

It's sad to say but very correct sometimes it does happened to me and when I would realized is already late and I have to wait for some changes in percentage or increase to recover from the previous lost and then would likely decided to buy more utilizing the opportunity of the dip while I kept losing the best chances to sell when it was little bit higher and then wait for another best move.
The recent bull was only for a trap, I was shocked visiting CMC and to found out we are already on $17k from +$21k within the short period of 24hrs.

In fact, some people think we are foolish to think this way. In fact, to consider it from another angle, many people are also chasing and buying when the price is rising. I agree with you that now is not the time to pick up chips, and I also think it's really unhealthy right now.

I wish I'd have bought a lot bicoins when they were cheap, but poor man, by the time that I could afford bitcoins, the prices were already extremely high. Sorry man, I wouldn't buy any expensive ones either.

If I had the funds now I would buy buy buy.

But I don't so I won't.

Definitely undervalued thanks to this  FTX nonsense yet again.

Will go back up again soon and then we will all say, damn should have got in at 16k.

if you don't have the money to buy Bitcoin at this time then don't force it, unless you are someone who likes high risk, you can make a loan to the bank and then buy bitcoin at the current price. the price of bitcoin per day is between $16k++, and the possibility can still go down, the market is saturated and this is a good moment to buy, you should be able to take advantage of the bearish moment to buy more.

This behavior can be understood. The question here is not the desire to buy cheaper. You can't know for sure that the price will go up when all the arguments point to the fact that a recession is happening now. And buying now is a risk for many. The last time bitcoin fell, but everyone understood that it would soon go up again. Now its growth is slowed down by additional factors not there last since bitcoin was not so popular.

The trap is that no one knows exactly where ATH will be this time and so people will buy at a high price in the hope that the growth will continue. It really looks naive when you understand the cyclical nature of the market, but this is not obvious to everyone. Now is the best time to buy, but I also think that not many people will buy now, for many reasons, from the fact that they do not have money left for this, and ending with the fear of doing it.

I wouldn't suggest that to anyone, even if he's a person who dares to take high risks.
When dealing with loans, you have a time limit to repay it. If the time's up and you still haven't made a profit, then you're done. It would be better if you buy bitcoins with the money you have, regardless of the amount. If you don't have money, don't be a fool.

And now, another opportunity has presented itself with Bitcoin currently below $17000 at the moment, but don't be surprise that it willl be the same few that will still take advantage of this gold current change in price difference.
One thing I have observed about people and Bitcoin is that when its price rises, so does its news goes viral, making people talk about it and even consider giving it a try by buying. And vice-versa, so does a fall in its price also create a panic in the minds of people, to the point of most people selling, while the rest scared of buying simply because it may fall again, forgetting the fact that after every fall comes a rise due to its volatile market nature

Even with this cheap price of btc many still won't take advantage of it. Everyone hoping to catch the bottom which they may not be able to catch then eventually miss out.
If this is not a lifetime opportunity I don't know what is. This is when the popular phrase "be daring when others are fearful and be fearful when others are daring comes into play.

Most people in crypto and Bitcoin to be precise, would want to buy the dip but you should know that the major problem we have is the funds to buy it.
Alot of people like myself are crying serious as we don't have the kind of money to buy the dip massively despite me buying some Bitcoin yesterday https://bitcointalk.org/index.php?topic=5420373.msg61269241#msg61269241
I do wish I could buy more and I'm very certain in less than a year or two, we should be recovering from this dip

The fact that we could end up with something under 19k right now is such a lucky thing for all the buyers. Maybe the people who hold could feel a bit sad, I am holding some but I am not feeling sad at all right now because I feel lucky that I could buy it at this price.

I understand that not many people would feel that way and they would rather have something higher, even if that means they will only profit a bit, not a lot. I prefer it to go down, to 15k hopefully or even 10k, because even though that hurts us, it means that we are buying it cheap right now and we can later sell it for 100k or more when the bull run comes. That’s the thing I care about, the future profit, not how much profit I have today.

Yes OP, It will be hard for such people to make a good profits like other people that always make use of bearish market to buy Bitcoin and hold, because they believed bullish market will definitely come for them to sell to make a huge amount of income from their investment. Those that want bullish market to appear before they can buy and sell, will not enjoy the market income the way those that bought when the price is low in the market and wait for bullish season to come before they can sell to embrace a good incomes that will make others people that used to buy Bitcoin when the price is high to learn so that they will be part of income making in the future.

A great deal of the forum members are an exception since most people care more about the short term than the long term, the fact that you can think about what the price of bitcoin could be in a few years or even decades shows that you have what it takes to become a good investor.

However this is not the way most people think, they see the price of bitcoin going down and the losses they are experimenting and they are incapable of thinking about anything else, and the same is true when the price is going up, which help us to explain why most investors prefer to buy bitcoin when it is expensive than when it is cheap.

It is relatively simple for beginners to "buy low and sell high". They will quickly sell their coins when the price is low, and want to buy quickly when the price of the coins shows signs of rising.
People who stay in cryptocurrencies for a long time will only buy when the price rises.

I totally agree with you that many people are not masters of their own minds. Many people do not have their own knowledge of Bitcoin and are not interested in in-depth research. I have seen such a person, he does not know much, but he can say a few words. When there is no topic to talk about, the most talked about is the price. In fact, what he cares about is not only the price, but also the people who are in the same situation as him. Even when the price has dropped a lot, what he is looking for is comfort and a little self-anaesthesia in his heart.

Regrets certainly come into my mind and ask "why I'm not buying Bitcoin when it was $1000?"

But I realized that it was my fault, I'd never trusted Bitcoin before - all are just doubts due to some social media influence talking negatively.
However, it was not too late to buy Bitcoin, in fact, we have given the chance during the bear season. I hope those who miss buying Bitcoin at a cheap price will never decline this opportunity and change their mindset.

That is mostly the mindset of people who came to invest without real knowledge about bitcoin. And since they believe on it, they start doing the opposite way, buying at a high price and selling at a low price, and certainly end up losing and blaming bitcoin for their wrong decision. However, if they don’t start making wrong decisions and losing their capital when they are still newbies, they will never learn and never grow from crypto investments.

This was for newbie in the crypto world. They try once and if they loose they lost the hope to do it again. Once i was the same way. People changes based on what path they choose next after their failure.
I got my path straight and had faith to do it again after loosing almost 80% of my total holdings. Newbies never seems to take the next risk. Which is created from doubt.
That is what i tried to explain. I am sorry if you didn't understand that correctly. It was me lacking the correct way to explain it.
Thanks to you for making this more clear.

Mistakes are common and this is why we do really learn up things basing up on that experience.Im aint saying that mistake is necessary but it is something an inevitable thing which you cant really be able to avoid.

Panic selling is common, Buying in Fomo is common which its a behavior on where people do usually jump in.Its never been that new that they are really doing such thing.You could really be having the confidence on
buying out if you do see that the market is already in green which you should suppose to buy when the market is dipping or decreasing, it might sound simple but its understandable that its not.
You cant really be able to do such action considering that emotions would be your primary enemy on this time.

Anyone should take account of his own emotions making decision on become a trader or investor. If they are too emotional maybe they should consider investing in some conservative assets for long term and not to look at the market intently not to get too much of losses. I know about myself, for instance, that I'm not calm enough in rapidly changing circumstances so I prefer not to play with trading too much and definitely not to risk with everything or even much.

When the price of Bitcoin rises, it looks more real. A lot of people will buy Bitcoin at high prices. When the price drops, they are afraid to buy instead. They fear their funds will be evaporated. Bitcoin prices are low right now, which I see as an opportunity.

only people who don't appreciate the process who always think like that, their way of thinking is erratic, vacillating, inconsistent and likes to turn directions.

even though it is clear that bitcoin is the most superior, but when bitcoin is experiencing a decline, they run away.

even though this is the best time to buy, instead of leaving.

they said they wanted to make a big profit, but when the opportunity came, they just left, very strange.

people who think bitcoin is sick now, that's wrong!
precisely now is the fertile period for investors, to buy while the price is still below.

Yeap, most people want more money today and feel upset when see how Bitcoin rates to USD are in downward trend. So it is natural that they don't want to buy something that gets cheaper. In the bull market they'll see the opposite process and will be encouraged by upward trend. Psychology. To do not basing on this natural reasons they should learn more about Bitcoin, about investing, about economics, but no one can learn everything. So we'll see the same in the future as human nature hardly changes.

I am not saying that I want to buy expensive ones, I only dare to buy when the price of Bitcoin rises. Although I know to buy low and sell high. I don't know when the high is. I also generally don't sell my bitcoins. I feel safe looking at it in my wallet. I will probably sell when the cryptocurrency bull market comes. I know now is not a good time to sell. Now is the time to buy.

I guess humans are deeply irrational and greedy. When Bitcoin prices are high, most people assume they'll keep going up instead of going down. An investment at the time will be rewarded huge. When prices are low, they tend to think Bitcoin is doomed and it'll be a losss if any investment goes in. However, they never realize or intend to realize that the key to any investment is to know when to get in and out. This not only applies to buying Bitcoin, but also to other trade/investment, and even to life. If we see a trade/investment/life as a whole, every dot must be noted and arranged systematically in order to make things work. The misconduct of next move or bad timing will lead to the failure of the whole thing. To know this clearly, we have to battle against our greed and arrogance. Sad truth is that most people don't see this way and make wrong choices at wrong time.

At least they invested in bitcoin, right? Maybe when the price was $200, those people couldn't afford to invest, but they were later able to afford when the price was at $1,000. Year after, those who has been holding till 2018, did still make profit. Around x20 which isn't bad. Yeah, if they did buy when the price was cheaper, they would have made more profit, but still wasn't it the price rise that actually encourage them to invest? So don't make fun of them. Encourage them to hold and let them know they did the right thing investing in crypto currencies.

That is really the point of OP, newbies can only notice it when it is in green days or at high price since newbies thinking that it keeps rising but the problem is that that is already its peak so it will go down again . Also on red days you keep thinking that it be going down so you will not buy again. Though nothing is wrong at buying at high price but newbies tends to rant in social media about it and also they don't do their own research. Try to understand more the price action of bitcoin so that you will know when to buy or sell.

I don't trade with the intent of turning a profit but if you're looking for a safe way to decide when you should buy and when you should sell, a simple approach is just to dollar cost average and then sell when the price is $X above your average buy price and buy when the price is $X below your average sell price.

For example: If you buy 1 BTC at $100 and the price goes to $110, then sell $10 and then you have $100 worth of bitcoin and $10 of crap, I mean fiat.

If the price then corrects back down to $100, you buy bitcoin with your $10.

With this model, you are always buying whatever is at a lower price with whatever is at a higher price. I believe this is called rebalancing.

Again, I don't trade for profit. I just DCA and HODL with a time horizon of at least 10 years.

Yea, I guess they lack understanding of how it works.
When the price of a token/coin dips, it is an opportunity to bag more. But, not Everytime, especially when you are dealing with shitcoins.

Some prefer to buy high, and panick sell when they see a dip, end up losing their funds, then come back to shout that crypto is a fraud.

It's true, maybe I think this is because beginners are only tempted by big profits.
Because newbies only catch glimpses of bitcoin growing over time.
They don't really understand how investing works.
And without thinking they invest without doing research first.
When it turned out that the price had dropped dramatically they regretted it and tried to find people who were in the same boat with them by chattering on social media.
Most people who are raving on social media that bitcoin is a scam are those who have never had any investing experience in my opinion.
It's a shame in my opinion because they only show their stupidity with their own words and ramblings.
This is important to understand how the right and proper way to invest before going deeper and using our money.

IMO most people in the world don't. Some countries have not so bad economy education at schools but most have very primitive. There is a not bad book for children "A Dog Called Money" but most adults can find out that they didn't know economy even at that children's book level. People usually do simple mistakes when they start investing or trading and basic economy education can solve that problem: some people will lose money anyway as not every investment is prospecting, but we'll have less losses based just on wrong understanding of a basic market features.

everyone has their own way of investing in bitcoin, and I also often buy bitcoin when the price is rising, and after I buy it finally the price of bitcoin goes up even more and finally I get a profit. but now I always buy bitcoin at low prices because I want even bigger profits. so the point is in investing in bitcoin if you buy when it's rising the risk is stuck at the top. but if you buy bitcoin at a low price the risk is not too high.

To get rid of problems like this is very difficult, because almost everyone buys bitcoin when prices soar high, when prices are low it seems as if the market looks quiet, so not many people dare to buy when prices are low, so certainly not many people can collect the coffers of money from bitcoin, only a few people dare to take the risk of buying when the price is low, it becomes clear that currently bitcoin is prepared for younger people who dare to take high risks.

Is this situation specific for Bitcoin only? Don't you think that any investing has the same patterns? It is not always just about being ready to risk, IMO it is even more common about basic understanding of economy, of market and the things like that. Most don't have it. So we can see the same patterns in other situations as well. And that's why it is not so wise to do investing if it is just about risks acceptation, investing should not be a gambling IMO.

There is a reason behind this Because most people do not believe in Cryptocurrency for long term. When they see that there is much hype and many big people like Elon musk are talking, than they say

      " Why Not I should Buy Bitcoin cause it can go to 5x More from my price."

And after that when whales see that now a whole world is longing Bitcoin than Short BTC and make hug profit By Pump and Dump.

This is human nature for people to rush in to buy an asset when the price is rising, when it involves investment on an asset that increase or decrease in price. It takes mind to do the opposite when Pricisly talking about buying Bitcoin and only fews understands and buys BTC when the price drops.
This was the kind of mindset that I had before but this forum has really done a lot in changing my perspective on that.

Investing in bitcoin regardless of its price should never be made through taking a loan. There is high risk investing in bitcoin alone, so it will only increase the risk more by borrowing some money you can’t afford to lose. That is why never invest when the price is high but always start investing when the market is deeply bearish since the prices are in bargain. And remember to buy bitcoin on your own extra money that you can bear to lose.

Of course the "low threshold" on every moment you invest will different. It might be $10k, $100k, $1m, $1 in the future and people still seek for the lowest price possible.
This is why I stick with DCA and when the price reaches $1m or even more, people will be proud with what they put in Bitcoin.
People in reality just reach for the bottom lowest possible, but they don't know how to stop because the price just almost impossible to reach that point especially with the news if you follow at all.

They lack critical information :laughing_emoji:
This is when they just blindly following the number instead of just put a little effort to do some research first. Trend will change.

Any investment which funds being used are loaned ones then it is really that risky move or thing to be done specially here on cryptospace which profitability is always been not been sure of.If you do rely on repaying

your loans on your crypto investment then better not to think this option because you would be fucked up.In the things been mentioned up in OP which this is really that a sarcasm kind of approach.  ;D

This do usually happens which people do bother on entering or buying when market is on bearish mode and do only buy when the prices are already on the peak
which is totally absurd or doesnt really have any sense.

Yes, that's right, sometimes we need experience to make us realize that what we are doing is wrong, especially in bitcoin. When bitcoin reaches ATH, people flock to make purchases even though that is actually the time to make a profit. But when bitcoin reaches its lowest price, people are reluctant to buy on the pretext of waiting until the price is really at its lowest point.
An inverted mindset that will plunge us into a loss hole. Indeed, as long as our money is in the form of bitcoins, it cannot be said to be completely a loss, but we need a longer time to wait for the market to recover.

I believe this has to do with the human mindset, reasoning and ideology. Not all people see things the same way. Some might see the good in the bad while some would see the bad in the good and it all boils down to the same lane and their perspective of how they see things. Looking at this, one would know that normal human being should be able to go for the less expensive and get possession of it while waiting and growing with it but in the other hand, there are some that are ready to go for the much expensive one which has already pumped without much stronger value and at the entire end they lose all their investment as it was a pump and dump. This is the normal ideology of average human. Nobody wants to build but wants already built so they could take possession of it. This is why scammers always get their ways in achieving their goals.

because it has all become a human mindset and habit when given cheap ones don't want to buy and when the price gets expensive they flock to buy without knowing it is the season of the bitcoin party reaching ATH and the opportunity to sell.

sometimes people who want to buy bitcoin always think of the lowest price without seeing what the price of bitcoin was before and what percentage the price has fallen. if someone is smart and knows the history of investing in bitcoin, when the price is like this for sure it will be much better to buy than waiting for a pointless low price