Why do people buy high and sell low

[belyaevi]

I've been one of those people, the people that buy at the high points of crypto and then sell low, losing my money and then later on losing out on a good amount of profits which I could've made. I'd like to know some of the reasons that people do this, besides doing it to cut their losses as that one is my reason.

Thanks guys!

Here is why people buy high ans sell low:

1) Panic sellers: Most of the new investors start investing money without doing research about the bitcoins prices. They just read some story about how someone made thousands of dollars in profit with bitcoin investment in few weeks. They think that bitcoins prices will always go up which is not true. Once they invest and the prices start dropping, they panic and thus sell all their holdings.

2) Emergency requirement: Suppose you invest at $15000 and price drops to $10000. Now you know that it will come back to $15000 in some time but have some emergency requirement and thus sell in loss.

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[TERA2]

Because without a buyer and a seller on each trade, there would be no high and no low - they wouldnt be on the chart. This question is a paradox.

[Budugbass]

Panic, lack of confidence, also can't control patience, and may also be caused by something else.. which's in dire need a money, and finally till cashed it. If it's intended for the more passive income side, of course they would prefer to keep it (Hold) for a long term and it's impossible to decide to sell it.

[ocid]

I think people who do such things are people who panic. they mistakenly analyze the market price movements so they dare to buy when the price is high, according to them the market price will continue to rise. But it turns out the strategy they are doing is wrong, not profit but only losses experienced.

[MCVXYZ]

I've been one of those people, the people that buy at the high points of crypto and then sell low, losing my money and then later on losing out on a good amount of profits which I could've made. I'd like to know some of the reasons that people do this, besides doing it to cut their losses as that one is my reason.

Thanks guys!

I think 80 % of traders have the same feelings...People say that you are a panic seller,but sometimes you must take a very big risk,You must buy or sell and noone knows which is the right door,especially when you are trading for altcoins,I agree,that you may be panic seller if your trading object is bitcoin,because all we know how potential is this coin,but in another situation I think it may not the worst action,because noone can be winner always...What you said is the greatest experience in your life...

[jakagintiri]

Lots of users who sell in low position just like you because panic that hit the new this time there is a very fast increase and new this time is also a very large decline, reasonable after the price above may not be any problem. eventually sold at bargain prices.

[zarados]

Most people who do the same things like you do not have realistic analysis and strategies. They only use the feeling whether the coins to buy will go up or not. It's as if you're throwing a coin with two different sides that you do not know which side will appear above.

To avoid large losses, I recommend setting a minimum and maximum loss limit. For example, if the coin you bought was down 10%, then you should immediately cut loss immediately before the loss becomes greater.

[Hazir]

Most new investors who heard about Bitcoin/cryptocurrencies are not familiar with any form of investments.
They have no idea how standard old-school stock exchange trading works, they are instead driven by emotions and current market sentiment.
It is totally not surprising that when we are entering general bullish trend many new investors appears.
They are hyped by the opportunity and general positive trends - so it's no wonder they want to catch rising wave.

[PonyBoy]

One of my friend acting like that , he always buy at high and sell at low when i asked him why he do that ? He tell me that he is noob and all noobs acting like that . LOL .But sometimes he is earning a lot . But this method like casino , do not known when u win or loose.

[jhongzjhong]

One of my friend acting like that , he always buy at high and sell at low when i asked him why he do that ? He tell me that he is noob and all noobs acting like that . LOL .But sometimes he is earning a lot . But this method like casino , do not known when u win or loose.

What kind of person is that? you just like burning your money and wasted.
You know that you are still losing your money why not you just hold for a while and have patience, acting like that may be a rich people never mind their money as what they have lost. For me, I just prefer to wait and have the patience to have my profit not just like that decision, that's nonsense.

[crypt0heaven]

Emotions. Thats what it is. Its just pure emotional decision making. They panic and dont think and would rather take the loss than be able to bear the pain .

[chocomartin]

Usually people do this when rates are continually going down and they panic. I follow a key principle taught to us by a professor of mine, its that even if the market drops you technically haven't lost anything until you sell. This principle may not always be applicable (ie. if a person or a corporation has a shit load invested in a stock that's obviously gonna crash they have to sell in the hopes of not losing all of their investment)

[carlisle1]

I've been one of those people, the people that buy at the high points of crypto and then sell low, losing my money and then later on losing out on a good amount of profits which I could've made. I'd like to know some of the reasons that people do this, besides doing it to cut their losses as that one is my reason.

Thanks guys!

i dont use to be on that point budz,for me i would rather wait for long than cutting losses,been through many ups and down of bitcoin of other crypto thats why I prefer waiting.even if this take me years,this is how i play the coins for profiteering and now success is whatbim having

[Mevz]

Emotions. Thats what it is. Its just pure emotional decision making. They panic and dont think and would rather take the loss than be able to bear the pain .

Yes probably with mixed emotions, an overwhelming of fear of anxiety no self control. That is the time you can't think straight and you sell and burn all your profits and much worst even your capital. We should aim away from failure's and forget about how the market's movement just hold and sell on the right time. Sometimes we are very much greedy for money and we don't think what would happen next. We should be ready on what painful it goes that's traders life.

[criz2fer]

One of my friend acting like that , he always buy at high and sell at low when i asked him why he do that ? He tell me that he is noob and all noobs acting like that . LOL .But sometimes he is earning a lot . But this method like casino , do not known when u win or loose.

Your friend maybe crazy but I think he's not showing all of his assets to you. Maybe hes a millionarie already.

Cutting yoir loss is also an option specially this time arround because of market decline. Many people do this and buy other coin that are more dump and have potential to make up with their loss.

[Findingnemo]

I've been one of those people, the people that buy at the high points of crypto and then sell low, losing my money and then later on losing out on a good amount of profits which I could've made. I'd like to know some of the reasons that people do this, besides doing it to cut their losses as that one is my reason.

Thanks guys!

Some people will not have patience levels that’s why they will buy bitcoin for higher value and when the price getting low they will panic and sell their bitcoin for very low amount it’s gives them only loss so make a patience is the better way to earn more.

[aardvark15]

I've been one of those people, the people that buy at the high points of crypto and then sell low, losing my money and then later on losing out on a good amount of profits which I could've made. I'd like to know some of the reasons that people do this, besides doing it to cut their losses as that one is my reason.

Thanks guys!

Many times, people that are unfamiliar with Bitcoin will hear about it on the news while it is reaching new highs. Of course we know that when an investment is at an all time high, it’s probably not the best time to buy, but for someone who hasn’t seen the price when it was low, they just want to jump on the bandwagon before it’s too late. Then a crash happens after the all time high and they already invested.

I have to admit this happened to me at the end of 2013. However, instead of selling after the crash, I kept buying to dollar  cost average my buys.

[sindikat]

I've been one of those people, the people that buy at the high points of crypto and then sell low, losing my money and then later on losing out on a good amount of profits which I could've made. I'd like to know some of the reasons that people do this, besides doing it to cut their losses as that one is my reason.

Thanks guys!

Your problem is that you bought coins at a bad time. You didn't have to sell your coins. You should have waited. The price is sure to recover. But if you want to try your hand at trading on the stock exchange then you should always be ready for such things. You need to be able to quickly fix the loss and restore their positions on the next wave.

[cheefbuza]

As a person who always says 'buy low sell high,' I tend to buy high and sell low. Why? Because I'm always under FOMO.
Fear of Missing out. Don't be like me! Don't be a panic seller! If there's something I understood so far, you are not missing anything.
Prices are going back and opportunities are coming to you every single day, time is the biggest enemy in this business.
Do not fall under pressure, patience is the key. That's why so many day traders lose so much, everybody hates patience but it's the only way to make a real stable profit.

[spyerf]

It is common for beginners who are just starting trading, the lack of experience and knowledge in this business makes them panic to sell because they think sales will reduce the losses they will experience. Actually if they are experienced and know that this sort of thing is common in crypto trading, I think they will also realize that this is only temporary and they will surely hold it. or some who sell in a state of loss are people who rely too bitcoin as a source of income, and when they are in need of money, then they are forced to sell, even in a state of loss.