People more likely to buy if price goes up or if price goes down

[gabmen]

I don't understand why people would buy at this price which is quite high for the last month or so.  Would people not pile in and buy if the price went down to 6k.  Then a huge amount of people would be buying.  Who is buying at this price?  Or could it be faked.

It is not fake, everyday, a lot of people are buying at a different price. The people whom are buying are doing so because they might have missed buying when the price is at that low price of $6000. Now the price of is $9000, and they are still buying. There are a lot of people whom are not waiting for any particular price to buy, they are just buying because they want to own bitcoin and hold it for the future.

That's the funny thing. Many seem to.be doing quite the opposite of the buy low sell high principle. Buying when the price is already moving upwards in the fear of missing out and then selling in panic. Probably their emotions getting the best of them during these times.

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[Coin Hash]

I think we will not be seeing $6k in this year again. I think one should buy when the price is rising because there are chances that it will rise more and we can book gains. While if we plan to buy when price is falling one cannot predict at what time it will stop and start rising again. So we might have to book loss. This strategy is for short term gains where as if you are looking for long term gains than in case of bitcoin it is always the best price to jump in.

[darkr]

I don't understand why people would buy at this price which is quite high for the last month or so.  Would people not pile in and buy if the price went down to 6k.  Then a huge amount of people would be buying.  Who is buying at this price?  Or could it be faked.

Probably you misunderstand something, man. Those people, who were not it time to buy crypto when it was cheap, do it now, and not because it is going up.

[thelma987]

Your trading method depends on the kind of business strategy you are willing to utilize, you could either buy at a high price or a low price. But for a good and profitable business individual it is best to buy when the price is low, because, surely the price will still go up again. It is all business, there must be rise and falls

[Altero]

Prices are really considerable  in doing investment, if your looking for profit, of course nobody will take the risk of buying at high price knowing it won't go farther enough as what we expected. Not to be fooled anymore, those previous years happening with bitcoin downtrend, it become a lesson for everyone and it could be possible not to be happen again.

[Quesdana]

I don't understand why people would buy at this price which is quite high for the last month or so.  Would people not pile in and buy if the price went down to 6k.  Then a huge amount of people would be buying.  Who is buying at this price?  Or could it be faked.

Buy low and sell high, you should abide by that saying. Most people who are well versed to the crypto market usually buy crypto when there is a dip because they knew that they will gain more at the end during this scenario.

[Naficopa]

I don't understand why people would buy at this price which is quite high for the last month or so.  Would people not pile in and buy if the price went down to 6k.  Then a huge amount of people would be buying.  Who is buying at this price?  Or could it be faked.

It all depends on the investment strategy. Some are waiting for the price to be low to buy. They assume that the price will not drop anymore and then they will start earning money. Others buy as the price starts to grow, because they think that the price will grow further.

[goaldigger]

People would buy bitcoin no matter what the price is, even if it gets high or low. Regarding to your question, more people buy coins if it is continues or consecutively going up. They want to ride on the boat even if it is just for a short period of time. If you would observe those people who rants after the bitcoins bloody drop, most of them are just bought their coins on the ride and complain when it drops on the least expected date, and they are not prepared for it.

[liivii]

There is a saying here in bitcoin industry that buy when the price drops and sell when the price starting to pump. But I think if you have truly understand and learn what really bitcoin is, you will surely do the buy when you have the money and hold it until you need the money for some personal reasons. Bitcoin is so unpredictable and lots of people lose their money for just some bad moves because of the lack of strategies, while on the other hand people that kept holding their bitcoin will be the ones that have a better chance to earn profit and change their lives.

[eann014]

I don't understand why people would buy at this price which is quite high for the last month or so.  Would people not pile in and buy if the price went down to 6k.  Then a huge amount of people would be buying.  Who is buying at this price?  Or could it be faked.

People do not buy as the price falls, because they are afraid of further decline and loss of money. However, they buy as the price rises because they assume that the price will definitely increase and earn money. That's how the psychological factor works for people who do not deal with trade.

Yes, this is the normal pattern in trading, we buy if the price is dropping then we sell if we already gain profit. If I only have a lot of money to buy then I will buy now because I think this is the right time to buy bitcoin because the price is low right now. Hopefully by the end of March bitcoin price will recover already.

[Idrisu]

I don't understand why people would buy at this price which is quite high for the last month or so.  Would people not pile in and buy if the price went down to 6k.  Then a huge amount of people would be buying.  Who is buying at this price?  Or could it be faked.

When price goes up there is this hope that price is going to continue going up and it a sign that the assets are in good condition. The big buyer will invest because of how healthy the assets are and not how weak it is. We are to follow what the market decide and not what we have in our mind.

[icopir]

I think it's logical to assume that if the price decreases on bitcoin, then people will buy it at this time, although one should not exclude the fact that at a high price they will also buy as they will count on further growth

[ktabb]

People are buying at every price. Wtf are you going on about lol? We're still at about 50% of the ATH so it's still a bargain. We won't be staying here too long. Don't get used to it. Also, 6k!? Lol yeah right. Never again in our lifetime.

LOL get ready to eat your words... never say never. Especially when talking about a clear speculative bubble of an asset with no intrinsic value whatsoever.

[bryan21]

Actually people will like buy when the price down, and hope will be increase in the future. When the price up for some people they will buy also, if money not be concern for them and usually they keep for long term, maybe like 10-15 years later. Because they believe that investment will up every years.

[azguard2]

Logical is to buy when demand is low and price is low but if we look little more statistic for last year only most of them buy no matter the price was. Many bought when price was 17 or 18 or more but now its only little over 9k in value, i mean on bitcoin. This is more something that many inexperience traders take on they buy at price peak but now they are in fear when will price come high again to at least recover loses. This might take little more time then they expect but if they have patience now they will have some income back.

[Casdinyard]

I don't understand why people would buy at this price which is quite high for the last month or so.  Would people not pile in and buy if the price went down to 6k.  Then a huge amount of people would be buying.  Who is buying at this price?  Or could it be faked.

Probably you misunderstand something, man. Those people, who were not it time to buy crypto when it was cheap, do it now, and not because it is going up.

As long as the price is still below $10k it's still fine to buy. I don't understand people who's afraid when bitcoin goes down when the fact that they're now giving us a chance to buy more because in time bitcoin will be less affordable
People who still buying whatever the price is those who are long term holder and have a big belief in bitcoin that sooner it will give them a huge profit.

[imapessimist]

I still don't get why people would buy at that high price it was a couple of weeks or so ago.  11.5K I think.  And why didn't they sell at least some of the coins at that price as the chances are it would go down from there rather than go up again.  I would wait now and try and buy lower than 8.7 which it is now at this present moment.  And if I miss the boat well too bad.  There will be another one along eventually. 

[MintCondition]

I don't understand why people would buy at this price which is quite high for the last month or so.  Would people not pile in and buy if the price went down to 6k.  Then a huge amount of people would be buying.  Who is buying at this price?  Or could it be faked.

Probably you misunderstand something, man. Those people, who were not it time to buy crypto when it was cheap, do it now, and not because it is going up.

As long as the price is still below $10k it's still fine to buy. I don't understand people who's afraid when bitcoin goes down when the fact that they're now giving us a chance to buy more because in time bitcoin will be less affordable
People who still buy whatever the price is those who are the long-term holder and have a big belief in bitcoin that sooner it will give them a huge profit.

Simply because they don't trust their investment enough to risk them for the long term, that's why whenever it dips they panic.