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

[qiwoman2]

FOMO is one of the main components. Also I think so many noobs that join telegram groups get really carried away by all the shilling that goes on by people who bought early and are ready on the uptrend to dump their bags on unsuspecting victims. Most people entering this space are also lazy and don;t want to do their homework and learn to trade. Of course we can all get it wrong sometimes but people in this business tend to repeat the same mistakes over and over again, then want to blame the Whales for creating their losses. If we FOMO into any coin we only have ourselves to blame in the end.

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[MonsterV]

my anwser regard this question, its because no one can predict what will happend tomorrow that's why people are still ignore and not buying while the altcoin still in low price, they might be dont know if the coin will pump by tomorrow, look at ethereum, no one expect that eth will hit 300$ on this month because of transaction fee is very high, but today that coin is almost hitting 400$ price.

[CarnagexD]

They don't read charts, they ride the movement. As simple as that, this is why probably newbies are losing their money when they are buying coins they don't follow the fundamentals such as reading and analyzing the chart before investing, instead they wait for a green time which results to more devastating loss. They aren't sure at first when to buy, so they are just waiting but this action of them don't always end in a loss, some are making enough and do just enough time to exit the market, they are called FOMOs. This never happens with bitcoin, there are people who will buy bitcoin no matter the price is.

[JungleOnion]

That's how psychology works. You don't want to buy something that is going down or that it has been down for a while as you can't see a positive future for the price. The same happens when the price goes up. You see that the price is going up so you think that there are better chances to make profits than in a project that is not moving or worse, is moving down.

[ecnalubma]

Well thank to them because they are the contributor to a bullrun. That’s what happened in 2017 but I think the people who bought that time already learned and they are more mature today but new comers in the space will probably experience same fate if they don’t know what they’re doing.

[ololajulo]

Its a funny trend in the space for traders to buy when it is going up. I suspect more of new comers buying than old traders, It gets more interesting for them when the coins they bought keep going up in price, then they buy more. The way they buy in such a time set them up also for the bear markets as newbie. Those buying wont be different from those in the space that didnt buy for past 6-12 months. Bitcoin has enjoyed enough accumulation for the past 1½ year I hope the altseason would kick off higher

[Pamadar]

Well thank to them because they are the contributor to a bull run.

Yeah right, those fomos contributes a lots with the current bull, the market is gaining good momentum.

That’s what happened in 2017 but I think the people who bought that time already learned and they are more mature today but new comers in the space will probably experience same fate if they don’t know what they’re doing.

Those who failed to do good research back then for sure learned things in the hard ways, as that last ath if they've manage
to place their position from the peak, it's  huge fall that will reminds them from
time to time with that huge losses.

[doctor877]

If it's going up you can predict it will keep going up for sometime at least. But if it's going down, you just buy anyhow because you don't know if it will keep going down or not. That's why it's easier to but the green than the red.

[Akoldi_ibk]

I will state my opinion with real life experience. I am in crypto group, having expert traders that generously give good buy & sell calls on a regular basis. The truth is that many don't take the calls serious, not until they start seeing price increase before joining in. Trust issue and fear of missing out is often the case in this scenario.
Another point is the dip can be fake and once you bought in, the price go deeper. To probably reduce the risk of that, people would wait to see green light before making a move.

[lienfaye]

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. 

Those who buy when the price of coins are going up might not an old crypto investors, if you have been here for long then you're aware about the timing to buy. One of the reason is fomo, when a crypto is in hype they are afraid to be left out and not able to make profit so buying at high price will do as long as they can go with the flow. But this strategy is too risky since we dont know the next movement of the coins.

Still, its best to buy at low price so if the value increase there's a high chance to earn. Just make sure you buy a good coins and you have patience to wait.

[bitkanu]

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.  

Everyone has been analyzing the project but some times that they were losing emotion and that makes people in panic buy. Didn't you aware about most of the people who have been buying at the pump wanna try to join into the wave too? that means they wanna try short buy and sell in the market.

[jessyj48]

People have no choice but to buy coins when they are surging because they believe the surge is just beginning and again we are in a good market shape right now, buying now isn't buying to lose because the change is here, over 7 billion dollars moved into DeFi projects alone so far, that's big enough to drive crypto market into a very greenish state

[fuer44]

when people buy coins when the price goes up, it means they are following the trend. when coins continue to show green charts, they expect prices to continue to rise to the highest levels. they do not want to buy when prices are down, because the trend when the graph is down, it can also happen the price will go down more like when the market first fell at the end of 2018 then.

here are some ways that people do when investing, there are those who use the method to follow the trend or the hype. there are also those who wait for the lowest prices then buy as many as they can in order to pump up prices and achieve a lot of profit.

[alicea]

That's what we call fear of missing out aka FOMO many people don't want to buy a coin at a dip because they think the price will go down more and when the price is going up they think the price will go up more so they start FOMO buying.

[CashbackLover]

It might be that this is just the beginning of market pump so buying now will still be a profitable move I think but the best time to buy altcoins is when market is crashing or in bear market, buy cheaper and sell higher

[vermigerous]

I think there are only two things when it comes to buying in a times that the coin price is increasing,
1. He/she that buys an increasing coin could actually earn if that coin is continuously increasing and dominating it's price in the market. But i think only top coins can be like this.
2. He/she cannot anymore earn profits from what he buys because of that coin isn't raising it's price anymore, maybe he or she buys not a top coin, or a new coin that is from a new project.

[jademaxsuy]

Most of them are new in this kind of investment and they just learn that bitcoin keep its market price up as time passes by because this is what they heard from the news or the bitcoiners around. This is why they do not mind the current market price and instead buying them at high end. Well there could be no problem with that because it really true that bitcoin begin to get a high market price as time passes by but it needs more time before it will going to happen.

[ohyeahhaha122]

That's psychological, that's the way sharks control prices and profit from them, people trade a lot according to their feelings, go down they are often scared, and go up they are greedy, so to become a good trader the most necessary factor is a good mentality

[prehisto]

That is completely normal, I am one of those people.
In trading there is this saying : trend is your friend.
This could not be more true, if there is momentum is market, you have higher probabilty of profit than just trying to time the bottom.

[nomenclatur]

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 is, in fact, they are buying when markets rise with the purchase price above they think prices will rise and could get the profit that is maximal so that people come to buy hope the pump will continue continues for longer periods of time so that people who had bought will be able to profit enough not everyone will have the patience to deal with their usual bear markets to take advantage when prices rise.