Lack of knowledge is a bitch

[Barikui1]

I find it very awkward that even in this day and time, most spot traders are still buying only when the market is green, they buys at the top and when the market starts retrace they sell at a loss in panic, without knowing that when trading  the spot market, where the profit is, is where you buy, if you buy when the price is down, their is a higher probability that you will win that trade by selling when the market is green, but if you are buying at the top when it's not Bitcoin, their is a higher probability that you may sell in a loss if the asset you bought fails to recover in an extended period of time, so the earlier most spots trader understand that buying and selling has their own time the better.

[Creeper0]

I find it very awkward that even in this day and time, most spot traders are still buying only when the market is green, they buys at the top and when the market starts retrace they sell at a loss in panic, without knowing that when trading  the spot market, where the profit is, is where you buy, if you buy when the price is down, their is a higher probability that you will win that trade by selling when the market is green, but if you are buying at the top when it's not Bitcoin, their is a higher probability that you may sell in a loss if the asset you bought fails to recover in an extended period of time, so the earlier most spots trader understand that buying and selling has their own time the better.

This is entirely due to lack of knowledge and negative beliefs about Bitcoin. Even these things happen to people who cannot learn from their mistakes. It is not uncommon for those who still consider the red market to be the best for selling instead of buying, to suffer losses. It is quite easy to say from common sense that if you use the red market to buy, you are more likely to get a green market when selling. If you reverse it, then the results are also reversed. Use the red market to buy and use the green market to sell. If you buy in the green market, you will have no choice but to trade at a loss in the red market and you will lose yourself.

[Dr.Bitcoin_Strange]

Knowledge is paramount for any investor or trader that wants to achieve success in the crypto space. For someone to buy only during price surge, it means they really don't understand the market very well, if they do, they will do a proper analysis before buying, unless the person is buying Bitcoin to hold it for a long time. For someone that wants to hold Bitcoin for a long time, it doesn't matter if they buy only during green candles, what matters is, can they hold until a bull season when the price has surge so high than the price rhey bought from.

[Perfectbaby]

so the earlier most spots trader understand that buying and selling has their own time the better.

There are lot of traders who doesn't understand the rules of the game, they felt is when the market is at the green they can acquire some shitcoin on the market. Usually investment beit trading doesn't meant to be ventured when the market has made significant increase over the period days or time, but when the is a dip they can then acquire some Bitcoin since nowadays Bitcoin is mostly performing well than any other altcoin or shitcoin out there. It would be safer and as someone who has been here for long we should be able to understand how the market works this shows that we are really learning than always becoming and falling victim of the market.

[GPVibes]

That bitch is sounding somehow in my ears oo. Or at least I have not heard knowledge used as bitch but as power or knowledge is key, important or maybe good  . I hope I'm not sounding like a broken bottle or a prig... But all good, your message is understood quite well.

The best time to buy just like you are saying is when the price has dropped and the best too for selling is at the high. If a trader buys from low price, they are likely to maximize profit. Like if you are doing DCA on bitcoin every month from where the price starts to rise, you will realize that the profit you make from the first month will be greater than the profit from later month. For example, the first month price at $100,000 , second month @$102,000 and third month @ $103,000. If you sell all at $110,000, your profit margin for the first month to third month will be as $10,000, $8,000 and $7,000 respectively.

[Zaguru12]

I find it very awkward that even in this day and time, most spot traders are still buying only when the market is green, they buys at the top and when the market starts retrace they sell at a loss in panic, without knowing that when trading  the spot market, where the profit is, is where you buy, if you buy when the price is down, their is a higher probability that you will win that trade by selling when the market is green, but if you are buying at the top when it's not Bitcoin, their is a higher probability that you may sell in a loss if the asset you bought fails to recover in an extended period of time, so the earlier most spots trader understand that buying and selling has their own time the better.

That’s what we have referred to as FOMO on this space, you can’t simply just take that out from people, people are more inclined into a thing only when they see it doing well, most of these people are short term traders. They buy bitcoin immediately they see it starts moving and with the hope of the Market pumping more and they sell but sometimes the Market takes some turns and usually just dump and they run into loss. Not that they don’t make profit and but it is the most risky trading and mostly runs into loss.

The best form of trading is long term holding of your coin, this strategy allows you to actually buy at any moment in the market because it is certain you’re not selling in years to come, but as a short term trader it is usually buying the fear and selling the greed but the problem which price is the top and which is the bottom. That’s why there is just two strategies for Maximum profit and it is DCA and long term holding

[PremiumcryptoHub]

I think wisdom is not in everyone it is really very strange that nowadays spot traders are buying when the market candles are green and suddenly panicking and selling at a loss, especially when the market starts to retrace. In fact those who panic and sell after a small price drop should understand that this works differently from futures or derivatives trading methods. Obviously if you can buy low and sell when the market is green, you can win the trade, but in the case of Bitcoin, this method may be different.
By the way it is certainly true that if someone has a trading plan and can avoid excessive leverage so it goes without saying that exists points and profit levels will become extremely effective for them.

[Israelgogo]

I find it very awkward that even in this day and time, most spot traders are still buying only when the market is green, they buys at the top and when the market starts retrace they sell at a loss in panic, without knowing that when trading  the spot market, where the profit is, is where you buy, if you buy when the price is down, their is a higher probability that you will win that trade by selling when the market is green, but if you are buying at the top when it's not Bitcoin, their is a higher probability that you may sell in a loss if the asset you bought fails to recover in an extended period of time, so the earlier most spots trader understand that buying and selling has their own time the better.

Many people are wallowing into ignorance because of little or no knowledge of a thing, in short life is totally a function of adequate information and knowledge. Until now I don't approach any how on market because I don't actually have the full confidence of what I want to do. Sometimes many losses comes as a result of ignored knowledge and well informed ignorance to learn because one's feels to have known it all.

[SatoPrincess]

Veteran trader go know say them no dey enter trade when the market dey pump na only newbies dey make that kind mistake. Person way understand trading and sabi read trading charts no go dey gamble with their money. It still boil down to greed and arrogance because how you go dey do live trading my when you know say you no sabi wetin you dey do.

[Mehmet69]

I find it very awkward that even in this day and time, most spot traders are still buying only when the market is green, they buys at the top and when the market starts retrace they sell at a loss in panic, without knowing that when trading  the spot market, where the profit is, is where you buy, if you buy when the price is down, their is a higher probability that you will win that trade by selling when the market is green, but if you are buying at the top when it's not Bitcoin, their is a higher probability that you may sell in a loss if the asset you bought fails to recover in an extended period of time, so the earlier most spots trader understand that buying and selling has their own time the better.

Most beginners don’t even try to understand that trading is a learning process. They want to make big profits as soon as they start. Most beginners who join trading only think about leverage but they forget that their main goal should be to survive losses.

Crypto trading is one of the most difficult trading. Those who trade Bitcoin face losses again and again. But if they are patient and don’t panic at that time, they can be able to make profits. But it is very difficult to predict when Bitcoin will be green and when it will be red. Because of this, most beginners buy in the green market but later get scared and sell when they see the red market.

[Mate2237]

It's common knowledge that when it comes to crypto and even forex trading the best time to buy is when the price is down or in the dip so that you can sell during the bull run when the price is at it peak this is fundamental if anyone is to make profit.


What time everyone who are interested in going into crypto should do fist make sure that they learn about the basics from people who has been there for a while with sufficient knowledge to avoid making lose

[I_Anime]

I find it very awkward that even in this day and time, most spot traders are still buying only when the market is green, they buys at the top and when the market starts retrace they sell at a loss in panic, without knowing that when trading  the spot market, where the profit is, is where you buy, if you buy when the price is down, their is a higher probability that you will win that trade by selling when the market is green, but if you are buying at the top when it's not Bitcoin, their is a higher probability that you may sell in a loss if the asset you bought fails to recover in an extended period of time, so the earlier most spots trader understand that buying and selling has their own time the better.

Just buying and selling is not all you need for trading you can buy the dip and same coin will dip further that’s why we technical analysis. Which may take some time to master but still worth it . The honest truth is that what you really need in trading is to be discipline and patient , know when to trade and when not to trade , you are not in trading for getting rich over night you are there to build something nice over time . Work with the right mindset and eventually you will master the market .

[Byebyebtc]

I find it very awkward that even in this day and time, most spot traders are still buying only when the market is green, they buys at the top and when the market starts retrace they sell at a loss in panic, without knowing that when trading  the spot market, where the profit is, is where you buy, if you buy when the price is down, their is a higher probability that you will win that trade by selling when the market is green, but if you are buying at the top when it's not Bitcoin, their is a higher probability that you may sell in a loss if the asset you bought fails to recover in an extended period of time, so the earlier most spots trader understand that buying and selling has their own time the better.

Very true as a trader or investors knowing when to invest or when to trade is the most important knowledge you have to acquire even befor you start risking your money. This knowledge a long has already made you 50 percent successful in your journey, buying when the market is already green is maximising your losses, and will give you minimum profit, but if you understand that you have to buy low and sell high it will be the other way round.

[Curious T]

It's not only spot traders who make this mistake, but even big investors do it. I always wonder why people will start flocking to Bitcoin and buying when they see the price going up, but when it goes down, they become scared. I can understand that fear in other coins, but not Bitcoin. We can see it over and over again that Bitcoin always comes back up, so why are they scared of buying when it's down?
Isn't it common knowledge to buy when the price is down and make profit when the price comes up?

[osasshem]

It is a normal saying that knowledge never ends and this is true in all aspects of life. Knowledge can be obtained through life's experiences and things one comes across in the chase of one's existence and survival.

When it comes to trading, be it stock or crypto, it is known that the sole reason for trading is to make profit, one should have it in mind that when there's a deep, that's the right time to buy, while the greenish time is to sell and secure profits. This principle remains the same for all digital traders, while there could be some slight difference in the real world form of trading.

[EG_O]

Knowledge they say is Power, having knowledge of a particular thing is a plus be it Bitcoin or any business, when an investor lacks knowledge about the business he or she wants to invest, the investor is just planning to fail because his money will be lost, so it's very sacrosanct to have a knowledge about something one wants to enter. Coming to Bitcoin community, one needs to have knowledge about Bitcoin before investing so as to know when it's green or not and for one to have knowledge, an investor must be able to continue learning because they say that learning is a continuous process

[Samlucky O]

I find it very awkward that even in this day and time, most spot traders are still buying only when the market is green, they buys at the top and when the market starts retrace they sell at a loss in panic, without knowing that when trading  the spot market, where the profit is, is where you buy, if you buy when the price is down, their is a higher probability that you will win that trade by selling when the market is green, but if you are buying at the top when it's not Bitcoin, their is a higher probability that you may sell in a loss if the asset you bought fails to recover in an extended period of time, so the earlier most spots trader understand that buying and selling has their own time the better.

Any person who buy high and sell low is not qualified to be a trader. A good trader takes the opportunity of when the market is red to buy and sell when the market is green. So invariably any one who does that, is  neither a good trader nor a good investor. He might probably be a newbie or a FOMOer. That's why it is advisable to be patient in Bitcoin investment, not trading. A person that want to make good profit in Bitcoin in the lung run should try as much as possible to buy and HODL Bitcoin and be patient. It's Lack of patience that makes traders and some holders to sell too quickly. the Truth is that anyone that is not patient in this crypto space can never make profit because the market is unpredictable due to its volatility. And another problem is that You don't know when to buy Bitcoin that you will not buy late, and you don't know when to sell that you will lose. So to win the race we must deploy patient straight or theory