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Author Topic: Why people are buying when the price is going up and not when it is down  (Read 3945 times)
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July 30, 2020, 10:24:24 PM
 #21

Well, that is a psychological lake, we all move as a group and if ever we who started in this have always made that mistake of putting money when the price rose above all for fear of staying out of the big rise but as We now know that we have a little more experience is to leave when it is going up and experience the alternative
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July 30, 2020, 10:31:13 PM
 #22

for some traders buying when price down is like catch falling knife, its very risky and price could continue fall. meanwhile in every entry we must see a confirmation both form technical or fundamental analisys. each trader have different type, did they were speculator which is will take action when price drop or conservative trader which is need confirmation on each entry.
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July 30, 2020, 10:56:07 PM
 #23

I think many are affected and cannot refrain from entering when prices are high, many of them are new traders who cannot control their patience so they enter and are trapped in coins that have high prices, even if if really trapped then what can be done is hold on and wait until the price rises again.
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July 30, 2020, 11:10:19 PM
 #24

I think because of the trend of most coins that are going up there is a possibility that prices will up again, this is like a cycle, especially for altcoin and it is also is difficult to choose a altcoin that is going down but has potential to going up.

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July 30, 2020, 11:21:00 PM
 #25

I notice that when there the price is going up so many people are joining the train and they also buy because the price is going up and they are going to make a profit, why people are not buying when it is down when the price will eventually go up and they can make a lot of profit.  Huh

There is something that is called fomo, fear of missing out, that's what happens when the price of a coin is going up; that is, people rush to buy with the anticipation that they will make profit. However, most times it works and also most times it doesn't. On the other hand, people are always afraid buying when the price is going down because they think it won't rise again, also most times they are right and most times they are wrong. Now in each case scenario, it depends on the type of coin that they bought, major coins gives little or no stress, that is when the price is low, it will still go up (e.g ETH). While some altcoins most especially new altcoins gives more worry because some will dump and never rise again.
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July 30, 2020, 11:37:25 PM
 #26

I notice that when there the price is going up so many people are joining the train and they also buy because the price is going up and they are going to make a profit, why people are not buying when it is down when the price will eventually go up and they can make a lot of profit.  Huh
That is because people don't know which coin will increase, so when they see one coin can go up, even the price is rising fast, they buy the coin instantly because they don't want to be late to join to that pump.
But unfortunately, the price can not increase more after touch the high price because the price will be back to the lower price and stay at that price for a while, and it is up and down again like before.
That makes many people who buy at a peak will getting trap, and they can not sell the coin for some time if the price is not back to the price they purchased.
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July 30, 2020, 11:52:47 PM
 #27

I notice that when there the price is going up so many people are joining the train and they also buy because the price is going up and they are going to make a profit, why people are not buying when it is down when the price will eventually go up and they can make a lot of profit.  Huh
Because they are afraid that they can't ride on it or what they call fear of missing out when the price was continue to pump they will buy and buy that coin and they will expect that the coin will continue to pump but the truth os the coin will not pump according on their expected and when the price goes down then they will sell even the price was too low.

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July 30, 2020, 11:56:46 PM
 #28

Small market investors will never think to buy crypto during the bear season is a big opportunity to become profitable in the future. Instead, they think it negatively and worries that it sinks down. We can't blame them either as they have a different approach from whales (market manipulator). I'd never think this as a good idea but people aren't learning about it that is why more (small) investors have they complain why they lose after buying. No wonder they got this because they usually fall into a bull trap.

And that is why we have this volatility feature because not all will think the same. Many have come and invested crypto during the rising trend but somehow, many were also selling that time, the same thing it happens during the bearish season.



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July 30, 2020, 11:59:37 PM
 #29

I notice that when there the price is going up so many people are joining the train and they also buy because the price is going up and they are going to make a profit, why people are not buying when it is down when the price will eventually go up and they can make a lot of profit.  Huh
It's very easy to think this way. Most people can't wait so long until the next pump. But when the market did a little pump, everyone thought that it was easy to earn profits. You know that some altcoins prices will never recover after huge prices drop. I think, actually we can't wait for a long time but we can invest a lot of money in short times.
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July 31, 2020, 02:43:38 AM
 #30

I think because of the trend of most coins that are going up there is a possibility that prices will up again, this is like a cycle, especially for altcoin and it is also is difficult to choose a altcoin that is going down but has potential to going up.
The volatility of altcoins is fundamentally unpredictable because it will often depend heavily on news and investment needs during that period. Most of them only care about profit when that coin increases and will sell all altcoins to ensure profit. Of course, there will be people who make huge profits and who lose, so you need to be careful when deciding to invest.
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July 31, 2020, 04:02:46 AM
 #31

I notice that when there the price is going up so many people are joining the train and they also buy because the price is going up and they are going to make a profit, why people are not buying when it is down when the price will eventually go up and they can make a lot of profit.  Huh

Those buying when price is going up is all noob, they don't really have idea how this market works and how they can earn in crypto by just doing a trading.

Real traders will only buy in bear market and accumulate all they can so when the price going up they can claim the gain they get from waiting and its not small profit.

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July 31, 2020, 04:05:10 AM
 #32

Its much easier psychologically to buy something that already growing. People want to believe in new ATHs

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July 31, 2020, 04:08:30 AM
 #33

I notice that when there the price is going up so many people are joining the train and they also buy because the price is going up and they are going to make a profit, why people are not buying when it is down when the price will eventually go up and they can make a lot of profit.  Huh

Those buying when price is going up is all noob, they don't really have idea how this market works and how they can earn in crypto by just doing a trading.
I guess most of them are newbies and they lack good analysis on the crypto market price movement. They often buy with their emotions not knowing that this price surge could suddenly fall down and up losing their capital. What they are after are just short profits because if they long for bigger profits, they should have bought the coins while they are still bearish.

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July 31, 2020, 04:36:56 AM
 #34

I notice that when there the price is going up so many people are joining the train and they also buy because the price is going up and they are going to make a profit, why people are not buying when it is down when the price will eventually go up and they can make a lot of profit.  Huh
They have trust issues for me, or they don’t have any confidence in the market, they can also be a victim of FOMO. They buy, during the up trend thinking that they can earn more but the main rule here is that, we should buy at the bottom price and sell on a peak price not buy high sell low. FOMO is the main reason of losing big Money, they buy without any preparations.

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July 31, 2020, 05:12:32 AM
 #35

Too many variables determine a particular investment, be it personal needs, exhilaration, gamble, greed or research etc., specific to your query, i think its not always mere fomo or foolishness, but a viable and necessary option at the time, maybe due to lack of options and choice.
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July 31, 2020, 05:24:37 AM
 #36

Many people are the ones who buy based on someone’s recommendation or just invest when price is good. So they enter the market at wrong time and fear when the market’s falling. Ideally when it has corrected, that is the good time to buy rather than vice-versa. But for them falling market is bad or do not have confidence that it will bounce back.
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July 31, 2020, 05:43:30 AM
 #37

People want assurance and afraid of what is unknown. You always see people here having regrets that they didn't buy during ATH, and skeptical when the prices are cheap. So, most people wait for good news, hype, and price recovery before buying.
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July 31, 2020, 05:58:14 AM
 #38

those people who buy when the price rises are people who were not on the market in winter 2017. it is obvious that after we saw such strong growth and then a strong correction, buying now during the pump is very risky

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July 31, 2020, 06:12:03 AM
 #39

Because investors are too much affected by fud news. If they search bitcoin on google news and find many articles saying crypto currency is going to the moon they will get excited to invest and join the trend, but when they see the news are negative they won't invest, as in times like that fud news love spreading crypto currency is a bubble or a ponzi, bitcoin is going to die.

Sometimes you just need to stop listening the common sense to start listening and understanding the facts while seeing the reality.

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Bitbtc8
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July 31, 2020, 06:17:56 AM
 #40

There is nothing wrong in buying coins or tokens when price is going up, the price can keep surging after you buy, it's just more safer to buy coins and tokens when bears are taking over the market and price are falling

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