Buy Low, Sell High

[crossabdd]

well, because most of the people don't understand and learn about Bitcoin market. they just understand how it pumps and dumps. although there are no definite predictions about price of bitcoin, traders' confidence is strong. so that those who are only superficial will not understand. now Bitcoin is at a high. and they just came. I say welcome and enjoy it. hope not make them cry.

[catur123]

For those who bought bitcoin in month 2 and 3 for now are very lucky and very happy, maybe they will laugh at people who only join when the price of bitcoin is high. I congratulate those who bought bitcoin in months 2 and 3 who made very high profits.

[analysis_mooorty]

Long-term BTC on-chain indicators still look healthy

Source: https://twitter.com/mason_jang/status/1328273377220411398?s=20

[masphie]

hahahaha ... It's true, and I'm one of them.
In March, many people predict bitcoin will continue to fall, but in fact the price of bitcoin has doubled this month.
But I instead invested at a price like this. And I hope the price of bitcoin will continue to rise until next year, although I'm sure there will be a price correction.

[Gozie51]

well, because most of the people don't understand and learn about Bitcoin market. they just understand how it pumps and dumps. although there are no definite predictions about price of bitcoin, traders' confidence is strong. so that those who are only superficial will not understand. now Bitcoin is at a high. and they just came. I say welcome and enjoy it. hope not make them cry.

People don't want to analyse the market because of being tired to wait in the analyse and they jump in to buy. The losses we have can be part of laziness to have patient. Buying without patients is like planing to fail.

[BBDan]

Bitcoin for me has always been a buy low sell high vs buy high and sell higher, it almost always disappoints if you chase it. 

[kolbalish]

Buy Low and Sell High, this is one of the acceptable techniques to gain profit. Those who buy will always low, but those who sell will lose. Again, those who will sell always at a higher price, but those who will buy will be in crisis. I think it functions as a cycle. Everything is adequate if you pursue a procedure. There will be an equilibrium between those who will buy and those who will sell.

[Cling18]

People usually buy when it's too late because they want to be sure that they will gain a good profit not knowing that it won't apply the basic rule of investing in crypto. They want to earn more yet they aren't willing to take all the risks. Sometimes, our greediness also takes us out of the right path which could only lead to losses. Investing isn't about handling our funds but it's also about handling our emotions as well.

[BIN-BIN]

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.

That is one of the irony in the greed cryptocurrency trader over rating I use to make that mistake before and at the end I lost almost all my profits of two month's. I have learn my lesson now.

[onecall123]

People usually buy when it's too late because they want to be sure that they will gain a good profit not knowing that it won't apply the basic rule of investing in crypto. They want to earn more yet they aren't willing to take all the risks. Sometimes, our greediness also takes us out of the right path which could only lead to losses. Investing isn't about handling our funds but it's also about handling our emotions as well.

People are always in dilemma to make right decision on right time. Since It’s extremely volatile there always some excuse to avoid. If you're going to behave that way, at that point crypto probably won't be for you. Just keep buying BTC on every up and down. If you're doing so, you're on right path.

[AakZaki]

Buying cheap and selling high are all investors' expectations. investors buy tokens at low prices and sell at high prices to get alcoin profits, some buy cheap prices and save in the long term waiting for the price of coins to rise and when the price of coins rises then they are sold.

But some people don't really go with the original strategy. when the price starts to rise and there is FOMO many want to buy it and of course they will buy at a high price, but when the price suddenly starts to fall or dump everyone panics and sells it cheaply. This will certainly be very detrimental, the lack of mental readiness when trading will have bad and detrimental effects. Holding on and waiting for the price to rise is better than having to sell it at a low price.

[The cure]

Those who invested on march are so lucky they definitely made a lot of money. We know the basic buy low sell high, but I think during those time it was in the middle of the pandemic outbreak all over the world, most of us are scared because that time many were infected and died people are hopeless and unable to think to invest in bitcoin while the price is low. Most people think bitcoin will continue to fall during those times, but they are wrong instead the price has doubled after a few months.

[CyberKuro]

It's inevitable as Bitcoin is a speculative asset, people tend to follow the trend on the market, whenever it rises, fomo and greed will take over the emotion and suggest to buy at high, that's what causes bitcoin price to increase over time. We can't blame it, $16,5k isn't the all-time high for bitcoin, the potential of bitcoin isn't limited to the current price, people would love going after $20k before catching the profits in the end. Even there are many predictions regarding bitcoin could reach $100k in 2021, anyone who had the guts to buy now and waited a year, should appreciate his decision.

[Lanatsa]

Buying cheap and selling high are all investors' expectations. investors buy tokens at low prices and sell at high prices to get alcoin profits, some buy cheap prices and save in the long term waiting for the price of coins to rise and when the price of coins rises then they are sold.

But some people don't really go with the original strategy. when the price starts to rise and there is FOMO many want to buy it and of course they will buy at a high price, but when the price suddenly starts to fall or dump everyone panics and sells it cheaply. This will certainly be very detrimental, the lack of mental readiness when trading will have bad and detrimental effects. Holding on and waiting for the price to rise is better than having to sell it at a low price.

Easy to say but you would need to endure all of the stress and patience would really be mainly tested out.Its easy for that buy low sell high but the thing you had mentioned
which had been part of the reality where people do opposite thing instead.

People do should have that readiness and risk taking decisions because it isn't really easy to accumulate or buy coins when the market is on deep reds.
Even myself would still hesitate on times like these even though im already old into this market or have been in a while.

Most basic but really hard to be done when you are in the actual situation.

[erep]

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.

Only the newbie community shouted that bitcoin would end soon because it was so easily affected by bad news about the cryptocurrency community, now anyone will regret it because the price of bitcoin is getting higher which almost reaches ATH like in 2017 ago.

[TitanGEL]

Buying cheap and selling high are all investors' expectations. investors buy tokens at low prices and sell at high prices to get alcoin profits, some buy cheap prices and save in the long term waiting for the price of coins to rise and when the price of coins rises then they are sold.

But some people don't really go with the original strategy. when the price starts to rise and there is FOMO many want to buy it and of course they will buy at a high price, but when the price suddenly starts to fall or dump everyone panics and sells it cheaply. This will certainly be very detrimental, the lack of mental readiness when trading will have bad and detrimental effects. Holding on and waiting for the price to rise is better than having to sell it at a low price.

Easy to say but you would need to endure all of the stress and patience would really be mainly tested out.Its easy for that buy low sell high but the thing you had mentioned
which had been part of the reality where people do opposite thing instead.

People do should have that readiness and risk taking decisions because it isn't really easy to accumulate or buy coins when the market is on deep reds.
Even myself would still hesitate on times like these even though im already old into this market or have been in a while.

Most basic but really hard to be done when you are in the actual situation.

I became like that too where I'm part of the people who are boasting that I can make money through trading easily and If I'm not mistaken I said it just a piece of cake and it is a "basic" but I ate all of those words when I first make investment in trading where I lose it in just weeks. That time I found out that I need to take it seriously and I need to spend most of my time to study it for me to become knowledgeable enough to make a trade. I'm once a newbie where I thought that I can make huge gains by following buy low and sell high but I'm wrong because I always making mistakes when I was a newbie.

When the price goes down where there is a big red candle in the chart and it is indicating a huge dump, I do not suggest others to buy at its dip because it is like a catching a falling knives where in you do not know if it is the low of the lows. Imagine that you bought XRP/BTC on September 24 where the price is BTC0.00002150 because you thought that it is now a low and you are anticipating a swing high but look at the chart now the low of it formed another lows and the current price of it is now BTC0.00001750.

[soetikno]

I also heard that when FUDERS said bitcoin would fall and end because at that time the Covid pandemic was in every country, but in fact bitcoin will halving in May 2020 and at that time investors made Hashtags on every social media making people who don't know what is bitcoin asked, "what is bitcoin halving" at that time the price prediction after the halving spread and it made investors even more interested in returning, and I took the opportunity to buy bitcoin even if only a little

[LogitechMouse]

~

Quite ironic but that is the reality like you said.
This happens to those investors who aren't spending too much and don't have any extra cash to be used in investing.

If you will ask those large institutions, I know that they have the chance to buy Bitcoins at the lowest price. They grabbed the opportunity to buy at its lowest price. Now that Bitcoin is already surging, investors are getting FOMO'ed and buying even it is at the highest hoping that they will not be left in the ride.

Either or, I will just watch how the market will be this year because for me this is the worst time to buy Bitcoin. People are becoming greed, people are very bullish. Be a contrarian and don't follow the herd .

[btc78]

As per CryptoWhale:



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

I can feel those hesitant ,as I have been once back in 2017 when I deny buying when the price is still below $10,000 and until the price surge to the highest price?

I did not manage to add another amount in my holding that I regret until now.

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.

sometimes it is understandable specially to those who is not really trader and just wanted to ride the flow here?
as the volatility threaten the capacity of each investors many of them fails.

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.

Maybe those are not part of 2017 as they did not experience being trapped after believing that the price will continue but stopped before December ends.

[manfredmann]

I think you are only exaggerating something. Most likely new investors are like getting FOMO. They are seeing bitcoin in good market then because of greediness seeing that bull run could happen most people buy to be able to partake in the bull run. High chance that it could happen but there is also chance that bull run could not. Yet, the bitcoin market will be decided by the investors and good thing that there are investors trusting bitcoin buying it even at the current market.