Psychology of waiting

[traderperspective]

I have now heard a lot of people talking about they are waiting for bitcoin to drop, so that they can buy bitcoin. But these guys might have said that since 6k$ and are still waiting. What do you tell those people, to try and make them understand that waiting for a drop can cost them huge percentage gains?

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[bob3772]

I have now heard a lot of people talking about they are waiting for bitcoin to drop, so that they can buy bitcoin. But these guys might have said that since 6k$ and are still waiting. What do you tell those people, to try and make them understand that waiting for a drop can cost them huge percentage gains?

'waiting for a drop can cause you huge percentage gains'  you pretty much said it, just explain that you take a risk by waiting that the price may never fall again and you will be waiting forever. It is the same logic as bag holding where people hold a coin waiting for it to rise again but it never does.

[mrp1994]

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[ranoby]

I have now heard a lot of people talking about they are waiting for bitcoin to drop, so that they can buy bitcoin. But these guys might have said that since 6k$ and are still waiting. What do you tell those people, to try and make them understand that waiting for a drop can cost them huge percentage gains?

I tell these people that they continue to wait for correction before buying ... In fact, now there are a lot of people who are waiting for a bitcoin at a price of 2500-5000 and sooner or later most folks will buy high (FOMO) and then lost money...

[bigmaster23]

Waiting can cause a bit of aspect to ensure that your on the right track for investing, on the contrary it might be also affect your gain if the altcoin your investing with never to surge but downfall.

[harizen]

I have now heard a lot of people talking about they are waiting for bitcoin to drop, so that they can buy bitcoin. But these guys might have said that since 6k$ and are still waiting. What do you tell those people, to try and make them understand that waiting for a drop can cost them huge percentage gains?

Just let them wait until they asked themselves "what's going on".

That's the problem of some people and honestly Im sick of those especially in social media. When they desired of price decrease and it happened, they will wait for more resulting again for another waiting because the price goes up later on.

No need for further explanation to them. Let them feel being regret so that next time they  will know how to deal with the risks. Too much waiting can really wreck people's strategy.

[Cryptolead]

I think the problem is that people will blur and do not buy what they want more cheaply. They understand that they could make good money. But many of them are newbies, and they know little about BTC and about the crypto market as a whole. And the fear of losing money by investing in an unfamiliar and risky enterprise holds them back. Most likely if now BTC would have fallen to 5000 for example. We would have bought it for such a price? Yes, because we know that almost 100% will grow and this is a correction. And the newcomers would not have bought it either because they thought well, the whole pyramid was over or something like that, well I did not buy it for 10,000 (for example)

[pitiflin]

Some people say wait, some people say buy now. Some people say bull shit without assessing anything. The price increases or decreases due to market conditions, futuristic expectations and what not. Most of the people would have said wait because of past experiences but apparently 2017 is really contradicting literally every thing. So it's always suggested to do their own due diligence before taking a decision and not just rely on people's decision.

[Fidemoga]

I try the psychology of waiting now for selling cryptocurrencies, because I always sold at each little drop and baught another cryptocurrency. So I sold Bitcoin at 900$ at beginning of this year. The psychology of waiting to buy works only for traditional markets. At the moment all serious cryptocurrencies tend to continuus upturn and that will last a few years.

[ivantrinitron]

Waiting is for coward, you have to moving, whe wheel got to spin, in other way you can wait whole lofe and do nothing, it is a losing strategy in my opinion.

[shursight]

They all are waiting for a dip, but the reality is that this dip is never going to come, and if it happens, there will be a lot of fud over the price and no one will buy bitcoin anymore because of fear (including all of those guys,
lol)

I have now heard a lot of people talking about they are waiting for bitcoin to drop, so that they can buy bitcoin. But these guys might have said that since 6k$ and are still waiting.

I have been in this forum for a long time, and seriously, i have read a lot of stories about people waiting for dips and corrections and so on, and trust me, none of them is going to re-buy if there is a dip, because they do not even have balls to buy on a bearish trend.

It is simple as that.

[Ai7xpressTV]

I have now heard a lot of people talking about they are waiting for bitcoin to drop, so that they can buy bitcoin. But these guys might have said that since 6k$ and are still waiting. What do you tell those people, to try and make them understand that waiting for a drop can cost them huge percentage gains?

There is no need to tell this to them. I think they feel it right now.

The current situation is crazy. Seems like there are so many journalists right now who want Bitcoin to drop. This is pure Fomo.

As long as so many people out there don't stop calling the crypto bubble it will rise.

[thomassaba]

I have now heard a lot of people talking about they are waiting for bitcoin to drop, so that they can buy bitcoin. But these guys might have said that since 6k$ and are still waiting. What do you tell those people, to try and make them understand that waiting for a drop can cost them huge percentage gains?

i also wait for drop not big one like 8000$ only small correction will be good.

now i waiting for 15,000$ down

[cryptowhiz]

I know sooner or later it will come to 12-13k$ So better wait

[Eternu]

That is two edged blade. Because in most cases waiting for just the right moment to buy never comes, and you think that it was a bad move to wait and that you should have bought. If price drop enough and you bought at higher price, you will think that it was bad move and that you should have waited. What ever person do, there is chance for both outcomes. So think carefully,  decided what you want to do,  and do not regret it.

[Kemarit]

I have now heard a lot of people talking about they are waiting for bitcoin to drop, so that they can buy bitcoin. But these guys might have said that since 6k$ and are still waiting. What do you tell those people, to try and make them understand that waiting for a drop can cost them huge percentage gains?

Let them wait and miss the opportunity to gain profit. I have heard a lot of them thinking that is a good strategy. However, I'm not a supporter of it. Before I also practice that, but then I realized that it doesn't make sense at all. Because the price that I want to didn't arrived because the next day, bitcoin recovered beautifully that I should have taken a profit already if I bought the previous day. The last good price that we can get was around $13K, so if you still didn't buy it then its already a lost for you at the current price. Now you have to wait at $15K, will it dip at the price? Most likely it will come however, the question is when?

[qq1041414104]

This is about your expectations, and if you believe there is room for improvement, you will not be alarmed. Everyone can withstand the pressure is not the same, I wish you good luck!

[no0dlepunk]

I have now heard a lot of people talking about they are waiting for bitcoin to drop, so that they can buy bitcoin. But these guys might have said that since 6k$ and are still waiting. What do you tell those people, to try and make them understand that waiting for a drop can cost them huge percentage gains?

You might be referring to Charlie... Charlie Lee tweeted this line a while ago.

Anyway, experienced traders wait for a bearish market before they buy. Bullish may look attractive to noobs, but it is very risky to panic buy at bull runs. Now, if people are waiting for a price drop then they might be basing it from their long years of experience. In the first place, you will never lose if you wait for a price drop compared to buying it now and then it will fall in the next few months. Let them do what they have to do... every trader has different strategies based on their goals.

Panic buying will cause you anxiety attacks 

[OriginTrain]

I'm one of those people that sold at what I thought would be the peak ($5k) hoping to buy back in at a dip around $2k again.. it never happened. They're all speculators, the people saying a "dip is imminent". It might be, it might not be. If they're right, they'll boast about it, if they're wrong, you won't hear them mention it again and it will be forgotten. Best to trust your own judgement and HODL.

[xuan87]

Yap that's the exactly the things that my friend keep on doing, I keep on asking them to invest in Bitcoin since the price still $3000, but they always postponed and wait for the price to go lower, and I always tell them no matter how high the price has gone, if it still got chance to go up just buy, because in the end you will get profit