Why people are buying when the price is going up and not when it is down

[Ceyflix-Rez]

Some people might decide not to invest in altcoins because they failed to believe that altcoin season might come again, many focus only on bitcoin but after DeFi projects starts becoming successful they have a change of heart and even ethereum is now the most target top altcoin because of DeFi

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[Iyanu14]

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. 

Trading (buying and selling) is an everyday thing.  There is no time buying and selling cannot take place in crypto, it all depend on your purpose and when you have the financial ability to invest.  Apart from that, some think that, bull run is on the way, that could probably one of the reasons why behind their investment.

[Slow death]

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. 

I will give an example with ETH:

ETH current price: $344

People are buying at this price because of testnet on August 4 and after August 4 the price will start to fall and many people will lose money.

the problem in this case is because people do not analyze why the price is increasing and if it is sustainable over the long term

[carriebee]

Some people might decide not to invest in altcoins because they failed to believe that altcoin season might come again, many focus only on bitcoin but after DeFi projects starts becoming successful they have a change of heart and even ethereum is now the most target top altcoin because of DeFi

Crypto is volatile and people should invest only on legitimate project. That's one of the reason lack of confidence in investing of altcoin. With these defi let's observe to what futures awaits on this project. Well many of us focus on bitcoin because of its high chance to increase again.

[pikkie]

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. 

I will give an example with ETH:

ETH current price: $344

People are buying at this price because of testnet on August 4 and after August 4 the price will start to fall and many people will lose money.

the problem in this case is because people do not analyze why the price is increasing and if it is sustainable over the long term

I think if you sell it after this then it's only traders or investors who are easily panicked and can't control their emotions to implement long-term trading or investment, because so far as I know there is a good event in ethereum which will be launched later this year. named ethereum 2.0 which in my opinion can make ethereum prices more expensive than current prices.

[pilosopotasyo]

Some people might decide not to invest in altcoins because they failed to believe that altcoin season might come again, many focus only on bitcoin but after DeFi projects starts becoming successful they have a change of heart and even ethereum is now the most target top altcoin because of DeFi

There's always an altcoin season because the top 10 coins in the market who are actually all altcoins have proven their resiliency over time even in the worse market scenario. people have their unbelief because they believe that the price is still coming down and they want the lowest possible to buy, and when the coins are going up that's the signal that the lowest will not come anymore.

[Mister.Satan]

People are blindly seeing how much it could increase more cause of the positive while not for the negative of decreasing. Though in some rare cases, the coin didn't reach the full potential for its price yet so people don't want to miss out.

[South Park]

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. 

The short answer is FOMO, when the price of bitcoin begins to go up people begin to be afraid that if they do not buy bitcoin now they are going to miss on a possible bull market that is coming, this in return makes the price to go up even more but if this is not the bull market they were waiting for then they will suffer losses as they are the ones holding the bag when the price begins to go down and if they used leverage then they risk losing all their capital.

[rahmatullah9305]

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. 

I don't think this kind of question should be asked, because everyone has their own thoughts in accordance with the experience they have gained, so there is no need to worry about the choices or the way other people work, just do your work according to the knowledge you have now, Simple.

[Argoo]

It is easier for people to buy cryptocurrency when it grows in price, hoping that it will continue to grow for at least some time. At the same time, when people see that the cryptocurrency is falling in price, the fear is born that it may still fall very low and they will incur losses. To make the right decisions, you need to know well how the cryptocurrency market works. Here, even experienced traders often make mistakes in the trend of rising and falling prices in the market, what can we say about people who do not have enough experience.

[tiang_tower]

I think some of them are just newbies and don't know the right time to goes in for an investment. I have a fair share of experience for brought in when coin at ATH so I always look at any pumping with caution, not reckless buying without any thinking.

Right, thinking before buying a coin is a very appropriate thing, because without a clear thought, someone will always lose in the steps he made, including people who already have experience in crypto.

[sayam]

I think one of the main reasons is not having the right knowledge about that particular project. Before investing, you need to know the details of the investment project. Need to do at least a few months of data research. You can't invest in a hurry.  

[mersal]

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. 

That is why we have less millionaires and huge part of middle class people and that's how the psychology of a common man works.But if they starts to invest when the prices are deep down they are going to make more profits than anyone.But people don't trust the cryptos do they enter to invest only when the prices sre surging.

[seoincorporation]

People buy at that moment because they feel like the prize will keep going up. If the price already grw 10% maybe another 5% is on the way, that's why they do it.

But sadly lot of people buy when the price goes up and then they see how the crash make them los money, just like all the users who buy at $20k

[marilynmanson21]

That was something that called FOMO, which is Fear of Missing Out on a big opportunity in the markets. People scared that they will missed the opportunity, having a mindset that the price will keep rising, so they will buying even in the high price, better late than nothing. But the this is the risk was so high, so there's a high chance they will loss instead of profitting.

[Jocuserious]

They lose themselves in the crowd of emotions so they are able to do so i think it is more influenced by the newborn. As the value of a project increases they rush to make more purchases and they do so without any research. Which is why most newborns have to count a lot of losses early on.

[trauchot]

Each investor has his own strategy, someone starts investing in cryptocurrencies when the growth of cryptocurrencies begins and these investors hope that after buying cryptocurrencies, the growth of the cryptocurrencies they bought will also continue, while others invest in cryptocurrencies when the cryptocurrency market falls.

[GREENch]

Most likely, people want to have time to jump on the running Board of the outgoing train. After all, it seems to them that it is so simple-I bought and in a few days increased my Deposit. And when the coin falls people think that the others get rid of the coin for a reason and know something.
"Opinion of the crowd" and no more.

[levyashin]

I don't think you can call antyhing cheap or expensive on markets.

There is trend, you buy when something is rising, sell it when it is falling. It is very simple actually.

[Chukwunonso]

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. 

It's actually funny the way things work in this space. The reason people buy when price is going up is because they believe that the price would go higher than the price purchased. It feels better buying when the price is going higher than when the price is dropping.