Psychology of waiting

[bering]

they have their own considerations why still didn't buying untill now but when the price start to rise up rapidly then although even not always but usually there will be corrections price and most people are waiting for that because they thought this is the best time for buying bitcoin and i think this is normal as the traders they want the best profit

[nizamcc]

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?

That's so stupid of them to have waited this long. It would have been wiser if they bought some and then waited without the "hope" of getting Bitcoins for cheap. I saw a story where a father of 3 went all in on Bitcoins by selling their one-and-only house to invest $2.2 million in Bitcoins when the price was hovering near $5000. Now just think, who's wise? Those who waited without investing? Or this guy who bought in at such high price?
And that's not just done when he says that he won't be selling it under $20,000. They were to wait until 2020 and they were sure that Bitcoin's value will surge to a high of $20k till then, but the guy's just so lucky that he might have got all that he wanted, this year alone and I think if he can wait a bit more, Santa will probably triple his rewards next year's Christmas.

Source: https://www.cnbc.com/2017/10/17/this-family-bet-it-all-on-bitcoin.html

[pushkarmore]

I think I didn't understand the point of view of their entry on dips. Bitcoin might rally from 6k to 16k but it does not mean you can straight away enter anywhere and exit anywhere according to your profit level. No wrong, every trade has its entry-level based on certain market conditions and there has to be a proper reason for the trader to enter their trade, which comes mostly after a pullback in the running uptrend for long and running downtrend for shorts. That's the reason everyone are waiting for the pullback to enter their trade and if there is no pullback then they might wait or enter on some other entry strategies.

[malikusama]

Psychology of these type of people can be summed up in two words i.e "Cowardice and Blokish". A smart person can see where the future is heading, from the previous rise everyone was quite sure that this flight towards the sky will continue and there are rare chances that it will get low. BTW the afraid of losing is real and everyone have it his/her mind but the chances of success are maximum when one who managed to control on his/her nerves.

[MathGame]

Waiting for the price of bitcoin to drop before you buy is a very bad thing because you don't know when bitcoin price is going to fall, it may go up instead.

[sandy8800]

People wait because they have seen big correction in past and it can also happen in future but when, no body knows it. Every market take a break and correct itself so does crypto market.

[nightmanisrightman]

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?

It can cost them but at the same time had it dropped they would have received even huger gains. It is really hard to discuss now because hindsight is 20 20 and you can make fun of anybody who made a bad move after the fact. Honestly I don't care if these people get in ever though because they clearly only care about the money otherwise they would have entered at an ATH like I did like a boss because I believed in BTC.

[KwizatzHaderach]

Impatience leads to loss. If you trade too much (due to impatience), sooner or later it will bite you in the ass. (Based on my experience, sold at a loss)
HODL to the moon!

[patispace]

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?

That is the problem of wanting to adapt a market as novel and different as it is bitcoin, with the old trading schemes based on conventional technical analysis. I think these old traders should change their mental schemes or they will be waiting for something that will not happen. But perhaps only through this error can aspiring traders learn to renew their ideas.

[yoseph]

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?

They should just make their move and buy bitcoins or else they are going to wait for a very long time or maybe they don't have the faith that bitcoin is going to succeedI at all that's why they have been stalling for such a long time now and they are still stalling .If they continue to hesitate then it's unto them.

[Jaya912]

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 dont really understand what the meaning this sentence " waiting can cost them huge percentage of gains "?
Maybe i am not expert. LOL
However, by waiting we make sure we will get best price. So waiting is need when the price to high.

[vintages]

That's is, if only they understand.
It's not just about the price and waiting for it to fall, I noticed that most people whom are hoping that bitcoin should fall ir the price of bitcoin to become low are those people with little or no investment capital.
They really don't have the money to purchase it which its why  they want it to fall in other for them to purchase at a low price.
And another thing, is that, they don't believe that bitcoin price will ever be Higher or increase than the current price. So buying higher to them is just a wasting of money.

[wagi]

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 is boring thing to do. But waiting the right time to buy is important in trading.
As trader, i will always wait the best time. I will not risk my capital because of panic buy.

[charlotte04]

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 am one of those people that still awaits for it to drop. I still have that fear of the price to go falling hard. Let's wait after Christmas.

[danherbias07]

Look, they might have been waiting for nothing.
Dont seriously take those predictions that they spread.
Make an own research or try to believe your instinct.
Problem is there is too much people getting afraid to invest but in the end they all regret it. Trust me. I have been there.

[Notmyfault7]

  Some people just let the chance gone, while some people make lots of money by buying bitcoin. 

[pawanjain]

There are many people in the community who are waiting for Bitcoin to drop in price just so that they can buy more. The strategy of buying in dips is good but in order to do that you should at least start with an amount instead of waiting for it to drop drastically. I know a person who is waiting for BTC to drop since it was $12k and not has bought any Bitcoins yet. Buying in dips is good but you should not be waiting and hoping it to dump heavily just for you. Start with whatever you have any buy more in the future dips. That's how it works.

[rphk]

I was also thing bitcoin price will drop , but it is not dropping at all , bitcoin price increasing rapidly everyday . best is to buy or invest  now so that not loose the profit. now bitcoin is gaining more popularity as value of bitcoin increasing day by day and  more people pouring money to buy bitcoins , it has become popular crypto currency.

[timikulit]

That is the problem. bitcoin is always increasing everyday and when he reached the top then a big drop will happen. we dont know when and on what price because no one can predict the market direction

[nikjain422]

It is a most common psychology to invest in growing stakes and wait for the price to dip but you have to understand that in order to maintain your portfolio you have to invest in dipping coins too until you know that they will not grow again.That makes you a smart investor and to get profit from loss.One of my friend who is commerce student has told me that portfolio or investors reputations are not calculated by just playing safe and investing in safe coins but investing in correct coins by predicting.This waiting game is for fixed deposit type of people.