Bitcoin Forum

I often see the crypto market, and lots of people are buying and selling bitcoin and altcoins.
and I often laugh when I see people buying crypto when the price is going up, and why not buy it when the price of the coin is going down. and not long after that the price of the coin dropped, meaning that the person who bought the coin could be said to have suffered a loss if the intention was for short-term investment.

and I have advice for beginners, don't buy crypto at high prices, so buy at low prices. so that we have maximum profit. so when the price is bear we have to use this opportunity so that we can get maximum profit in the future,
so don't panic when the price is high to buy, and don't panic to sell when our coin drops in price.
and have the courage to buy when the price is down.

I want to ask everyone?
what do you think causes people to behave like that, namely always buying at high prices,? but when the price is cheap he doesn't want to?

Define "high prices"? Because an asset that went up in price doesn't automatically mean its price is high; and inversely, an asset that went down in price doesn't necessarily mean it's cheap. Markets are far more nuanced than what you think.

OP, based on what MK4 said, when do you really decide that the price is low enough to buy? Let's take, for example, a coin that is trading at $100. Would you rush to buy it when it goes from $100 to $80? or when it drops to $50, please be more concise. When the price is low, how can you tell if that's the bottom of the token? is really not that easy to tell, mate. Perhaps if you are looking at investing in crypto for the short term, it isn't really favorable to my friends who have tried it; I don't know about others. Last year, I bought a coin that cost me $90 from one CEX because I thought the coin's value could not fall below what it was when I bought it, but today, the coin's value has gone from $90 to $20+


How will you know when it's too cheap to buy? For altcoins, what happens after you buy the bottom and it cannot go up again and the team disappears? 

If it's a token or coin that the team is solidly behind with good intentions to add value to the coin, it doesn't matter if you buy high or low because the coin will definitely appreciate as time proceeds.

If people did not buy a coin at low price, the price will not increase, people are buying at every price. But if I understand you, people should not buy when the price of a coin is significantly high diring the bull year?

Bitcoin was $4000 in 2020, it later increased to $20000, some people can think it is high already, not knowing it is going over $60000. We do not know what the high and low price can, that is true.

We don't even necessarily need to compare it to ATHs. A person could've bought bitcoin at sub $1000 prices in 2017; it then rallied to $3000+ in Q3 — which some people would deem "expensive" because of the rise; but then the price continued to rally up to the 2017 high of almost 20k. You could've easily missed this run of you had the mindset of "not buying at high prices" — as OP is portraying.

Fomo, as simple as that. An average crypto investor has no clue about coins he is buying and he is not really interested in finding more about fundamentals so all that is left is to follow the others,


Or instead trying to time the market and buy at the bottom (which is impossible anyway), newbies might wanna try DCA method as it takes way less time and you don't have to check prices on the daily basis. You just buy at the regular intervals, no matter the price.

Different traders have different strategies, and buying high is fine if you can sell it higher. For example in a bull market when new ATH keeps going higher, you'll be fine buying on previous ATH. Conversely, buying cheap can destroy you in a bear market where new ATL keeps going lower. Your previous ATL buy can be the new resistance or worse, the new ATH.

A very fine example of people getting rekt because buying low is when LUNA (now LUNC) collapsed. At that time, $1 seemed dirt cheap and yet the price went to $0.0001.

The only "Don't" that should be meaningful to every crypto investor is do not buy a Bull Market, there is nothing like buying Bitcoin high in a bear market OP, if you are talking about buying now, then you should be buying.

The second "Don't" is going all in with the money you have, Bitcoin is at 21k, and assuming you have 1000$, DCA with 100$ and wait for a few dips and do another buy in, this was what I keep accomplishing since Bitcoin dipped to 17,000 and later down to 15,000$, this is the power of Dollar Cost Average.

I also laughed at reading this, if everyone has thoughts like you, how did bitcoin in your opinion at that time touch the "high price"? Bitcoin went up due to buying action everywhere. You're not completely eliminating the risk of losses even if you bought at a low price (from your perspective). So I'dn't gonna laugh at anyone buying bitcoins in any market situation.

If you buy shitcoin, the chance the coin will back when the price was high is really hard. So if you want to trade shitcoin, price does matter and make sure you're not buy during bullish season.

If you buy Bitcoin, you don't need to worry about the price because you only need to hold it for next few years, there's a high chance Bitcoin will create new ATH and you will make profit even though you buy Bitcoin at the previous ATH.

This is the basic and all investors know this, there's no logic in buying high and selling low, the Cryptocurrency market is highly volatile and if you want to make a profit you should have strong hands, the reason why there's panic when the market is crashing its because investors are afraid that they are going to lose their investment, they really don't trust the process and their portfolio.


Two things, FOMO or fear of missing out, and  FUD means “fear, uncertainty, and doubt" unfortunately so many investors are like this they believe in FOMO and FUD, and these two hinder their success.

My question is? is there a specific time for this and how did you know the right time to buy and consider at a low price?
For me --anytime you can buy crypto and hold ^{[not on shitcoins]} in a long term, wait until your profit were there and never sell at a losing position. Can you tell us now the right buying position considering a low price?

Well imo i think a lot depends on the crypto you're buying, if you want to purchase altcoins, then you shouldn't do so when they have just pumped, they are basically pump and dump coins, and you might be buying at a time it is about to dump into oblivion. The best time to buy any coin is when the price is low, but if you are a long term investor you can buy Bitcoin at anytime (high or low), and if you are patient enough, you'd still accrue ROI in the long term. But it is quite risky with altcoins, you could buy an alt when it is high, then it dumps and never rises again, leaving you a bagholder.

There are a lot of reasons people buy when the price is going up and it depends on when they're investing as to what they're doing or trying to get out of it. If they're investing because it's in the news then it's likely the price has done a lot better than whatever the journalist that wrote that article expected. If it's because more people are discussing it or something then it's likely the price has done the same too.

I'm guessing there are a lot of people that ride crypto bull runs and then sit on the sidelines once it drops off and they've had their last sale just waiting for a better opportunity to buy. There may be arguments most cryptos become more secure as they're rising too (there's more people watching them too see if there's vulnerabilities and normally more miners as well).

The OP basically invoking an asset to buy from the dip. He believes that one should buy when the price of a coin is going down and stop when the price of that coin is going up. These words are very familiar among investors. Every investor may be well aware of these factors but sometimes the erratic behavior of the market makes it difficult to make quick decisions. Because the crypto market is volatile and when the market is bullish, the price of almost all coins increases at a huge rate and how sustainable that increase which is unknown to everyone. If everyone knew then they would neither buy high nor sell low. It mainly depends on the market situation.

I always thought that with cryptocurrencies there is never a right price or overpriced coin as the potential of bitcoin to go to higher values remains open like a blank check which if you buy now will make the current price look cheap. Imagine buying bitcoin at 70k and it rose to its all time highs of a million dollars , we definitely going to say 70k was a good deal too... Guess let's not be scared to take risks when it comes to crypto investments.

I wonder why altcoins suffer to this scheme of pump and dump, is it because these coins don't have alot of alt investors??

Do not let the changing value of bitcoins to determine whether you will be buying or not. Develop a plan that is consistent with buying bitcoins. With a consistent strategy like dollar cost averaging (DCA), you will not need to worry about the if the prices of bitcoins ae high or low when you are about to buy. Do not buy bitcoins when the prices are high is an advice for people who want to buy a huge amount of bitcoins one time, not for people that invest fixed amounts to buying bitcoins regularly.

DCA is a really good way of investing, but it still requires a certain amount of discipline and commitment to the goal, which most people can hardly achieve. The same method also implies long-term investing, which many are not ready for because they do not want to keep their money in something they do not even understand and consider risky.

What you say about the amounts that someone buys is absolutely correct, because buying 1 BTC for $16k and buying it for $24k is definitely a big difference, but buying $100 worth of BTC in the same price range is not exactly something that most people will profit from. Are there still people who think they have to buy 1 BTC? Oh yes, they really exist - because the number 1 for most of them is something just a little higher than zero, and 0.00100000 BTC doesn't look like an attractive amount on the account.

Thise majorly in this category are bounties hunters, have you asked yourself first that what crypto are you really interested in buying at first place, remember we have alot of them and among which we have shitcoins blended along, it's not about buying high at first place, it's all about what coin are you buying, so many cryptocurrencies can be hyped and decieved people with their liquidity, that's why you see some during bearish move they go down totally without coming up back, bitcoin has never been into this and this makes it a good reason to first considers your crypto journey with bitcoin.

The truth is you can't tell when the price is high or low, but read the market well before going into buying, sometimes the price drop and before you know it, it has gone up, so it is just better to be looking at the flow very well, let's say for example the price dropped from $30000 to $25000, to me this will be the right time for me to buy because I know the price will definitely go up, it all depend on how much you have at that particular point in time. People bought Bitcoin at the rate of $1000 then, and at that price at that time was very high but people still bought because they have the money and are willing to wait for a very long period of time, they knew the price of going to definitely go up and up. It all depends on how much patient you have. 

How do you know that it's expensive?

People who were buying bitcoin at 30k when it just fell from 60k were buying it cheap. People who were selling it at 20k in 2021, when it had a run up from 10k thought it to be expensive. So did many people who never owned bitcoin. They thought 25k or 30k was a good selling point after a 3x increase, but then it made another 3x.
Cheap or expensive is not a real scale that you can reference. It's a matter of perspective.

When bitcoin went to 20k for the first time I sold some of my coins because I thought it to be expensive, but when it went close to 70k and back to 20 I was buying because I thought it to be cheap and I still think so and will keep buying everything sub 20k as long as I have fiat money.

It seems like you either have a limited understanding of investments or you're relatively new to this world. When people see prices rising, they may feel a sense of FOMO (fear of missing out) and make impulsive decisions to buy at a high price. On the other hand, when prices are low, they may be uncertain or skeptical about the market and choose to wait for a rebound. But the most important thing is that no one can know in advance when the prices are too high and when they are low. Timing the market is a difficult task and is often impossible to predict with certainty. Therefore, it's recommended to focus on a long-term investment strategy, instead of trying to time the market.

High price of an asset means the current highest level at which the price of a particular coin has reached and never go above that price level , while Low price means the current lowest price level at which a coin has dropped without going further below that level, basically what we call ATH and ATL, And so far that the price of that asset never go above or below those levels that remains the highest and lowest price until it's broken.

Therefore, I guess what the Op is trying to say about high prices, is buying at when the price is moving up and approaching those high price levels.
But in the case of Bitcoin that is scarce and limited in supply , it won't really matter at what price you bought your coin, because the value/price will continue to increase over time as the demand increases. Thereby turning those high price levels into cheap price level.

I have seen so many interesting replies so far and I would love it add mine. Op, if you're referring to just Bitcoin your post would have made more sense than when you're referring to the whole crypto, we have some coins out there that has never been able to rise back to their all time high while some that has gone into extinct. So if you continue to accumulate all coins that you see when their price are low you'll only end up having a wallet filled with worthless shit.


Like I said earlier, most people tend to neglect a coins even when their price are low because they know that such project has nothing to offer so filling their wallet with them will just be a waste of time and also a waste of money and which is something all of us are trying to avoid   

Who doesn't want to buy low when the price is low or sell high when the price is high?
OP, I believe you lack prior knowledge of the cryptocurrency market's volatility. Do you believe the market fluctuates in its trend because of speculation? Whether you're investing for the long or short term, you'll almost certainly lose money; just keep that in mind. The only time you may not experience loss is during a bull run, which is not yet underway.


Specifically, bitcoin is distinct from all other cryptocurrencies. As long as you don't panic and sell it, 1BTC will always be 1BTC.

indeed the most appropriate to buy crypto in my opinion is when the market is down, but even if the market is up it really doesn't matter
as long as we have good analysis and predictions.

actually I don't understand what you mean...

but I also look at the market, there are always altcoins whose prices drop a lot, but those who buy are rare.
but for example, just 7 days later the price went up even up to 100% indeed I always see when the price goes up people buy MORE when compared to the previous 7 days, when the price was low.
Is this what you mean?
 and indeed sometimes I also feel strange when the price is expensive but many buy it and why not buy it when it dropped 7 days ago...

in my opinion about this because a lot of people
those who are afraid to buy when the price drops, because they are afraid the price will fall even deeper and also when the price rises they are afraid of missing the price, in the end they are forced to buy with the aim of making big profits,
However, buying when prices are on the rise is usually a potential downside for short-term investments.

is that what you mean OP?

There is no really right time to buy and sell because the market always moves randomly, especially in the short term, sometimes when we see the price movement of one of the coins that has increased, say for example the lowest price of a coin for 24 hours is in the area of ​​$ 10 but then it happens increase to the price of $12 and stay in that area for a while, at that time maybe we will think that the $12 area will not be able to pass and think that the price will soon go down but in reality the market moves opposite from what we imagine and makes the coin price rising again past the $12 high area.

It's interesting that you bring up this behavior! In my opinion, the reason people tend to buy at high prices is often driven by FOMO (Fear of Missing Out) and the desire to make quick profits. When the price of a coin is soaring, people often get caught up in the hype and believe that the upward trend will continue, leading them to buy at a high price.

On the other hand, when the price drops, people may become fearful and uncertain about the future of the coin, leading them to sell at a lower price. This can be especially true for those who are not well-versed in the market and the factors that influence cryptocurrency prices.

It's important to have a solid understanding of the market and the coins you are investing in, and to have a well thought-out investment strategy that takes into account both short-term and long-term market trends. It's also helpful to have patience and not to be swayed by short-term fluctuations in the market.

You can never invest in the market like this. You will never know which time is the peak time for all those coins. When the price of Bitcoin first reached $10K, $10K was the highest for Bitcoin. Even during the peak price of Bitcoin, people bought Bitcoin and that Bitcoin went from $10K to $60K. So I think there is no such thing as peak market time. Maybe the price has doubled from what it is now, it will be seen in a few days. But we take time to carefully observe the market and then buy any coins.

I don't know the exact reason, but they just use any price to make profit. And then, it is difficult to say specifically about the high price, there is no benchmark even though the price is above the previous price. I can say that $69K is a high price right now, there are a lot of people buying there hoping for the price to break through $70K and above. It is about opportunities and possibilities, but the facts don't live up to expectations.

When big dump occurs, most traders are hesitant to buy a lot because they are afraid of a possible lower price, but it can still happen the other way around. That's why they don't buy, but that doesn't mean all traders are the same.

When you say don't buy high, it depends on how big the target is to reach.
High prices vary greatly, the current high price cannot be a benchmark for whether it is too expensive or not.
Buying bitcoin at the high price of 2018 of course at that time will not be good because you are only looking at the long term. But when you start holding bitcoin at that high price until now, of course quite surprising, you will get a lot of benefits.

People who enter at high prices without enough knowledge about bitcoin are just driven by FOMO so they buy too expensive at the time and they end up panicking and then cutting their losses. Cut Loss is what will harm everyone. If held for the long term, it is still possible to get profits.
Beginners will assume the current $24k Bitcoin price is high, but we'll see the next high when bitcoin starts bullishly and reached new ATH.

https://i.imgur.com/GFmSk1f.png

for the purchase of Bitcoin or other crypto assets. everyone has their own goal. those who buy gradually when they have more money than their salary and for long term investment. they will not see the price conditions, what they pay attention to is the accumulation of the number of assets they have. they will not be too concerned about asset price fluctuations.
and those others aim to buy and save a few moments. and then trade when it has made a profit in a short time. they wait for the pumping moment to come.
everyone has their way of holding or trading the assets they own. there is nothing strange or funny in such an attitude.

Choosing when to buy and sell crypto assets, of course, varies from one investor to another.
Buying Cryptocurrency when prices are low is highly recommended, but at certain times investors often take advantage of bullish conditions to take profits. I don't see this as a mistake, Crypto assets that go up and down easily make it difficult for traders to predict their prices. Even if the market is going against the grain, the trader's initial intention remains "Buy when the price is low and sell when the price is rising".
You can't always get profit and you won't always lose. Cryptocurrency investment is like a double-edged sword, besides being able to provide large profits, price fluctuations can be a nightmare for investors.

those who always buy when the price goes up usually get FOMO buying and those who usually sell when the price goes down usually get FOMO selling.  So broadly speaking, these two activities are said to be FOMO, and that happens because the person does not have the ability to manage the information that enters their mind.   

for beginners, make it a habit to find out in advance what to buy, and don't buy or sell out of fear.  You are just wasting your money and time if you buy carelessly, buying bitcoins for beginners is highly recommended.

You need to study there the tokenomics of the project. Cause its based on its circulating supply, price point in which its started or does it have a sale or private sale price. You could determine if its overprice or underprice based on these parameters. Like example its supply is 1000 tokens only 1 token might be price at 50k each cause of very small supply but it doesnt mean its expensive since they are very limited shares. Also the marketcap does it relate to the current price and project stance. You need to study all of these.

Just because a coins is low in price doesn't mean it's the perfect opportunity for buying and just because a coin is high in value shoudn't discourage you from purchasing it. What matters most in the industry is the supply of a project (preferably the circulating supply). As you can see with Bitcoin, Bitcoin only has 21 million coins that can ever exist and enter the market so it doesn't matter if it's been priced at $100k or above, it's still cheap as the price is designed to keep on appreciating as the demand increases.

Also buying a coin that is down can be very danger especially when they aren't Bitcoin as there's no guarantee of the coin recovering with the general market which is why people tend to wait for the trend to turn bullish then fomo into the market. Nobody would want to but at the highs, everyone you see will always want to get the coins at their bottoms but with cryptocurency, you can never be too sure which price is the bottom therefore the best advice for investing has always been to dollar cost average instead of investing one time.

Everyone has actually said what can be said. It's not easy to know that the price of a coin is high, because we can't see the future. But we can predict what's going to happen with certain data. Personally I would buy Bitcoin no matter what the price is because I know it will rise in the long run. That's why I bought Bitcoin when it was $100, $10k or $50k. There are many different factors for altcoins, but for Bitcoin I can safely say that there is no need to be afraid to buy at current prices. Of course you should do your own research and I don't advise anyone on their investment.

The cryptocurrency market is not always the same and constantly goes up and down.So those who want to buy and invest in any coin must buy the coin at the right time at a low price.Then success means you can earn from the coins.However, one thing to keep in mind is that investing in crypto-currencies must involve risk.

The main reason when a coin is bought at a high price is greed. In such cases, the beginner is possessed by Fomo and he calculates how much would be able to make a profit if he held this coin. When the price is low, fear is the main reason not to make purchases, as the price may decrease even more.

You said right but here few questions I have.

1. What do you mean by high prices?
Note: Bitcoin price is already high from its beginning.
2. Why do they buy bitcoin, when the price is raising?
Note: When they research a few days when its value is increasing from before, that time they hope it continues to increase. For that time they're investing there.
3. Why they don't buy, when the price is decreasing?
Note: At that time they hope the price is decreasing. Also, it will be decreasing more that more.