Buy Low, Sell High

[ChrisPop]

Newbies just psychology cant buy anything on lows. They are waiting for hype and thats why they like to buy everything on hights

I don't think the "newbies" have a big impact on the market. The institutions which manage massive positions are the ones we need to pay attention to. The Grayscale fund is steadily increasing their BTC position as we saw in the quarterly reports, companies are buying millions of dollars worth of crypto. All this sounds like good news for me.

[1714188703]

1714188703

[ZZ8ZZ]

Haa talk about yourself "No one wanted to buy" in March. People who know what's up invested all they had in BTC back then including me, now we're all enjoying all the great profits thanks to this bull run. Honestly I don't care if it will go to 20k or back to 10k or under, profit is profit

[rat03gopoh]

It's never too late to buy bitcoin on the bull market. Even though at some point there is a price correction, we just need more patience to sell it at a higher price. We don't have a time limit for holding bitcoins, right? and the important thing is dont to forget about cutloss.

[proTECH77]

Many investors never still understand how bitcoin market work, if it come to profit making where some will sell for the right time why others will still be holding for the right time to come before they can release to market. Once it's the right time to sell, some will not still believe that it is time to sell than to hold the coins because the market is not good for sales. Buy low and sell high in the market it will help you to grow your business if you really understand the time to buy low in the market with the help of research, very easy to sell high in the market.  March 2020 many investors where busy buying base on the personal research they carry out to know the market is very good  to buy at that moment. Many times still find it difficult to sell high in the market even though others are selling to make profit some will still be holding that the market will still go higher that will later cause then loss.
Bitcoin is still rising which is good for anyone to sell and make a good profit before it dump soon in this season we are, which is very close to 2021.

[k@suy]

it is  because of fomo, people want to go with the flow and not missed any opportunities, even thought market is not good to buy now since it is pump, but they will still buy because they want to, and then it could happen, that is the the thing when people start to trade without further research in crypto but just only want to earn as fast as they could.

[ogini]

People really think it will go below $3000 but when this impossible they are forced to buy at 16k now because BTC is moving back to $20k and above that. I think is not a wrong time to buy, one can still hold for a better profit.

[plvbob0070]

This is a very human tendency. When things are doing well, they want to get in. When things are doing bad, they want out of it. That is the kind of attitude they are showing in their daily lives, even in Bitcoin. Or I mean the kind of attitude of the crowd, me included of course. That is why many of us are unlike the billionaires of this world. The billionaires are taking risks. While the rest are dumping with panic, they are acquiring with ease and cheap price.

We often want assurance. We want to buy while the price is increasing. This is I guess what is hindering us to gain big time.

They are just trying to keep up with the flow of the market, without any idea of the aspects that affects the condition of the market. As long as they see that it is recovering and the price increases, they immediately buy thoughtlessly. They don’t realize the amount they could have saved if they choose to buy when the cost of bitcoin is low. Most of them are in doubt as the price dropped, thinking that it would be a complete waste of funds to invest. However, it contradicts their statements, as bitcoin recovers in several months.

[kentrolla]

Look at the price of BTC in March it's 3k+ and now it's 16k and goes on, even before couple of months it gave us an opportunity to invest unfortunately I was unlucky and now I am feeling really sad. This is the power of BTC it can go even beyond the limit, people were very scared at that moment as BTC was going down and now we can't even think to invest as the price has gone up.

[Ludmilla_rose1995]

This is the true mentality of each and every cryptocurrency user, whenever the price drops low automatically people's mind wavers out of panic. This is the reason why people always avoid to buy when the market is low and tend to buy when the market is bullish. Most of the traders prefer to make small earning out of the marginal fluctuation, while the people preferring long term holding go for low price buying.

That's right, I was like that when I first started trading bitcoin on an exchange. Experiencing panic when prices drop and selling all to reduce losses. but regret it when the market is bullish again. This is natural for beginners. Training mentally in trading is very important so that we can buy at the right time.

[usmcvet11]

i never went that low

[Fesatmas]

This is a very human tendency. When things are doing well, they want to get in. When things are doing bad, they want out of it. That is the kind of attitude they are showing in their daily lives, even in Bitcoin. Or I mean the kind of attitude of the crowd, me included of course. That is why many of us are unlike the billionaires of this world. The billionaires are taking risks. While the rest are dumping with panic, they are acquiring with ease and cheap price.

We often want assurance. We want to buy while the price is increasing. This is I guess what is hindering us to gain big time.

it is true that human attitude is and we become of it. indeed we can't be like those who are good at trading like true traders. but it does not close the possibility, we only need to continue to learn, not only in the world of trading, in the realm of life most importantly. Every human being has a different tendency, so the differences make us give each other insight and knowledge. one day we will experience what our dreams are as true traders.

[Imran232]

Buy low, Sell high is the main punchline for any crypto project. By following this punchline you can get success in crypto but before do this i will suggest everyone to learn about crypto because if you invest in shit project then you couldn’t sell your coin because it won't be high

[abel1337]

Today people are experiencing FOMO due to the recent bull run, History repeats itself as this also happened in 2017. This shows that hodlers gain such profits for the months they are hodling. CryptoWhale is pertaining to those who just want to take advantage of the situation, Those who spread FUD and being a bandwagon can't make much profit than the real bitcoin believers. This kind of situation can make a bull or bear season being extended as people tend to believe in rumors and the greedy ones take advantage of it.

[Rafiqul]

This is a very human tendency. When things are doing well, they want to get in. When things are doing bad, they want out of it. That is the kind of attitude they are showing in their daily lives, even in Bitcoin. Or I mean the kind of attitude of the crowd, me included of course. That is why many of us are unlike the billionaires of this world. The billionaires are taking risks. While the rest are dumping with panic, they are acquiring with ease and cheap price.

We often want assurance. We want to buy while the price is increasing. This is I guess what is hindering us to gain big time.

Yes, you are right; I have also noticed that most people have the same tendency whether it is stock market or crypto market. However, it is more noticeable in cryptocurrency. When there is a market dump here most investors start selling tokens in panic, causing prices to fall sharply; If the price goes up again, then the market goes up quickly. As a result, most of the investors, except the big ones, suffered losses. So in order to keep the market stable, to avoid losses, I think everyone should have a tendency to buy more at dumping and sell more when prices rise.

[amishmanish]

Every bull run sees an uptick in interest which results in a lot of new people coming in and watching bitcoin. The fault lays with the altcoin space due to their aggressive, over-promised branding which actually pulls newbies in to think that they must get in. They FOMO into buying BTC at these prices. Then we have a whole legion of newbies pissed as the price normalizes.

Yet, we are here to assuage any fears for the long term having experienced this ourselves. Just buy what you can afford and they will be fine.

[acener]

As per CryptoWhale:



https://twitter.com/CryptoWhale/status/1327049480483508225

Really ironic and comedy to most, but this is the reality. At $3800, people are still not buying and looking for more dip, and majority are shouting that it is the end of bitcoin.

Fast track to November, the opportunity to scoop cheap bitcoin is no longer present, and yet everyone wanted to join the bandwagon and extremely bullish to even predict a six digits as the next all time high.

And some are having regrets because they missed the chance to buy at a low price.
Patience is a must in crypto currency so for those who endure and bought it back when it was at $3K last year and manage to hold it up till now congratulations.

[BITCOIN4X]

Speculation and Volatility are two thing that have always been closely related to bitcoin.
Why do people say that they are so unlucky not to buy bitcoin at a time when it's cheap and given the fact that today it has risen 4.48x from its price in March ? This is volatility, price can still go down and rise suddenly and it's hard to guess. We cant say that at this point the price has reached the lowest and the highest because in reality it is very volatile. One can only guess and attribute prices to the things that happen in the world and that is speculation. This has been happening to bitcoin for a long time. Deep pocket of people who believe in bitcoin's future potential will almost certainly benefit greatly from it.

We cant say that the current bitcoin price is the highest point in 2020 because if the price reaches $73K in the following year then this $16.5K must be a cheap price so we will again hear the rambling of people's misfortune again here. ;v

[Silberman]

As per CryptoWhale:


https://twitter.com/CryptoWhale/status/1327049480483508225

Really ironic and comedy to most, but this is the reality. At $3800, people are still not buying and looking for more dip, and majority are shouting that it is the end of bitcoin.

Fast track to November, the opportunity to scoop cheap bitcoin is no longer present, and yet everyone wanted to join the bandwagon and extremely bullish to even predict a six digits as the next all time high.

It is because of this that so many people lose money and so few people earn it, trading by design is counterintuitive, if you are doing what everyone else is doing then you are bound to lose money because the majority is bound to lose money, so when you see that everyone is negative about the prospects of bitcoin and there seems to be an extreme fear that the price is going to keep crashing even further that is the moment when smart traders and investors should really be thinking about investing a significant portion of their capital in bitcoin.

[livingfree]

It is how they react if they will buy or not yet.

If the price is stagnant even if it's that damn low, they wouldn't take time to consider buying. But when they started to see it moving higher and higher, they don't care about the prices but they see the increase. That's the time they will buy. There are investors that are always like that.

And it is hard to change their attitude towards market reaction and buying at low prices.

[Lizzylove1]

I have discovered people FOMO to buy when the price is high and stay away when the price is dumping. When I advise people to buy during the bearish period, they told me, bitcoin was done and will never reach ATH again, and the need to trade some altcoin and see how to make better profit. Today those altcoins have all dumped on them while bitcoin remains at the top of the market.