Why do people buy high and sell low

[squatz1]

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!

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[Hopeful2017]

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!

Definitely you are one of those panic sellers. When price is high, you buy because of thinking that those coins will still go up to the moon without realizing that sooner or later, the price drops. And when the price drops, you sell them because you think that it may keep on decreasing. Those moment, you are panicking and thinking that its better to sell in lw price than to have nothing.

[fiulpro]

I think that's a part of panic buying and selling simply .

People generally but when the price is climbing and someone told me never buy at this time... Also when the price goes enormously down ... Then ... Suddenly the person thinks .. ' it's the end for Bitcoins better I cash out to save myself from further loss '

And thus this happens.

[Lyne01]

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!

You are under that bandwagon system. You go on to things that most people are in. When the price of a coin increases, you think that people are into that coin and will gonna keep on increasing so you buy. When the price of that coin decreases, you are feeling worried that it may keep on decreasing, so you sell. In other words, you are a panic buyer and seller.

[crzy]

Experience traders do this thing to cut losses, but newbies do this because of their weak emotions.
Every time you trade, it must be supported with your target price to prevent any big loss.
Panicking can also be the reason why, and again you must know how to control your emotion.

[taiwww]

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!

It's all about the timing. Many times it happens that bitcoin prices get stabilization at some point and then the buzz starts everywhere that bitcoin is stable and it is getting prepared to spike itself even further. This create hype everywhere that bitcoin will rise in prices heavy they making us profits. This is the perfect time to buy crypto and much more conclusion comes in existence.

This is the time when you guys start buying bitcoin in loads of amount because you guys are being altered psychological way. But later the bitcoin drops badly and you start loosing money out of panic. This is what happens and it turns out you have bought at high and sold at low out of panic nature.

[Tramle091296]

Why people always do this because of the high chance of getting a profit and its an easy way for trading if you want a profit even your not knowledgable on trading. As long you know the dump time you can take a profit because youll always wait it for the increasing of the price. may I ask,rate your every trade that you get a profit while doing this strategy. 1-10, 10 is always and 1 nothing.

[Sir mikolo]

I don't think it is normal to buy high and sell low but when they don't believed in the future of their investment the do.

[fatirborju]

because no one wants to buy Bitcoin well above the market price that is really needed,They also can not determine the price of their wishes, in selling and buying  in the bitcoin should also be in accordance with market prices international ...
thank you

[NJB18]

I also experienced losing many times on stop losses especially in forex but I have no regrets on it. There is nothing wrong using stop losses in your trades but make your analysis better and look for the kinks. Experience and studying more helps a lot.

[Indrawan77]

Usually the person that buy high and sell low is the person that make the wrong speculation or the person that easily believe the FUD news, sometimes people doing cut loss because they thought the price wont go up again, and rather than stuck it's better to sell the coin and then take another chance to earn by buying new coin

[tomahawk9]

There's really no other reason for doing this than panic selling to avoid losses. It all starts long before people even buy their first cryptocurrency. Most of those who buy high and sell low (panic sellers) adopted a herd mentality, they followed the majority and eventually they gave in to Social Proof: "if everyone else is buying cryptos, so should I". Since they didn't do a proper research about cryptos to understand how volatility, fluctuation, and the cryptocurrency market works, as soon as they see a dip or red numbers they'll give in to emotions and they enter panic mode as they'd rather sell their cryptos asap than losing all their money. It's all common human behaviour.

[TTITA]

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!

Sorry for your lose, there are some people still stuck about this.
Nowadays, trend on crypto has been changes, in last year we just can buying and hold it and price will increasing much. Since dip Bearish happen between Dec-Jan_Feb and price touching back 6k, many people/investor are worried entering the market.
Many of them creating some group for pump and dumping the market signal. They are looking for short term profit and safe the asset.
So i would be advise you to be more active on some social media and perhaps will looking around to joining the trading signal group.
It's your money, take fully control about profit-lose of your asset. Even you need to take decision by sell-lost, just do-it, but you will have good time signal to buying when cheapest price to make profit.

[dothebeats]

People usually do this due to panic that a certain investment would suddenly become valued at 0 which is a total loss for the said investors. Ultimately, if an investor is scared of such a scenario, they would cut their losses, but smarter investors just average down their assets to prevent further losses and to also make room for possible profit amidst of deep losses.

Most of the people affected by such a sentiment are those who just joined the fad without studying it thoroughly.

[Ararbermas]

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 they buy in high because of thoughts maybe the price will continue to climb 'cause the market always showing green tagged which is it has a potential to increase. But unfortunately  when there's a minor drop they panic sell (low ) because of their emotions and without knowing that its jus a normal correction of price which is always happened. And to be honest besides of Fud's  that is the common reason also why sometimes  there's a 10% drop of price in the market which is from the "weak hands ".

[automail]

Don't be a panic seller. Always do some research before buying coins. To cut your losses, buy low and sell high later. If you saw that the price is high already and you earned a bit, you can sell it rather than holding it for a couple of months without any gain and taking a risk of losing its value again. Don't be greedy. Greed is good all the time but that doesn't apply on trading. I am assuming that you don't have that enough money to hodl that is why you are struggling. We are in the same situation so I kinda understand what it is. If its the other way around, then good for you.

[syaripudin]

which I see as if you are caught in a situation where while in a large-scale disposal for now, I advise you not to think too much about what you have done. Indeed people will panic when faced with such situations but actually if you have confidence in the existence of bitcoin in the future why do not you just bear it. and besides, the rest I am sure you have at least learned from the mistakes you made not to repeat the second mistake.

[Rhaiyah]

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!

Yes there are many people in CryptoCurrency world are buy in a high price and sell it low, there's many reasons why it happened. First they sold their coins because of panic that happened right now in the market. Second there's a emergency happened they need a money for daily and the only way they could sell their coin.

[bhabygrim]

They are doing it because of their fear of losing more money ,
They bought it because they think that they could gain a profit from it and they ended up losing more.

[vit05]

People like to buy when the price is rising. They look at the chart and are afraid to buy too late. And they become desperate when the price is falling and they decide to sell so they will not lose everything.

It is not a decision made in a planned way, with graph studies or imagining a long-term scenario.

It is just the reaction of the whole environment around you. It is lack of information, since often when something extraordinary happens, good or bad, the news never arrives completely. First, you get rumors in the forum, in twitter, in the telegram. Then start the news on specific sites and finally the news on reliable sites.

FOMO is one of the reactions that you need to better control, study and understand if you want to continue in this market