Rengga Jati
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January 21, 2022, 11:45:19 PM |
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I have been long enough to hear "buy low, sell high" a million times so far, and it has always been said when the market is low, but for some reason, people still do not feel hopeful when the price is low. For some people, it is not as simple as the term "buy low, sell high". Except that we are doing that for a long-term investment with free money exactly, in the promising and top coins such as Bitcoin and ETH of course. But, if that is for new coins, well, this is too much risk. But, if we are daily traders, it will be more complex than only buying low and selling high because we don't know exactly when is the low and when is rising up to the high exactly happen.
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Farma
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January 22, 2022, 05:36:49 AM |
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buy high, sell low, it seems like this is happening now. I firmly believe that today there are a lot of people who have bought bitcoins above $40k, and have sold them at prices below that in a panic. well, we can't avoid FUD which makes people panic, but this term, is very possible right now. I would argue that this happened for two reasons, the first because it was natural panic. this happens to people who are new to crypto, or people who join just because of the hype. while the second is, they immediately sell their assets, then wait until the price drops again and then buy them in large quantities to increase the amount of their assets. but, in this case, they are both common and common.
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Coin_trader
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January 22, 2022, 05:40:29 AM |
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This usual error on trading since its very hard to let go your holdings when you are expecting more returns and your mind is very optimistic rather than selling in lose due to fear on losing more money. It's easy to give an advice to buy low and sell high but you really don't when the right low and high to start your trading since there is always a lower low and higher high in trading.
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TheUltraElite
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So anyway, I applied as a merit source :)
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January 22, 2022, 06:01:12 AM |
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I keep seeing a lot of people who are fearing the price right now, many people who are getting out, and plenty that thinks it will crash even harder. I will just intervene to ask you, do you have the proof that those people actually got out? Dont forget that many people will attempt to reduce the price even more by just saying this so that weak hands sell their coins and they can buy at even lower price. This is how the dip propagates. Why does everyone think the same? I mean it shouldn't be like this right? I have been long enough to hear "buy low, sell high" a million times so far, and it has always been said when the market is low, but for some reason, people still do not feel hopeful when the price is low. Every day there are new entrants in the market, who have low exposure to speculative markets like stocks or commodities. Crypto should only be taken by those who are vets in such topics, but this is not the case in reality. Such people see a big market crash and the "final doomsday" and they forget to see the previous crash and rise of bitcoin. I can't promise that it will right away, but I am not selling, in fact, I am buying more. Focus on what can happen, and not what has happened, that way you can have some hope for the future. I already have buy orders placed on one side and sell orders at much higher prices. I dont care if the price goes to 1$, I will buy and I will sell at a profit. But this mentality comes after some years of mainstream trading before adding to crypto trading.
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LastKiss
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January 22, 2022, 06:15:13 AM |
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buy high, sell low, it seems like this is happening now. I firmly believe that today there are a lot of people who have bought bitcoins above $40k, and have sold them at prices below that in a panic. well, we can't avoid FUD which makes people panic, but this term, is very possible right now. I would argue that this happened for two reasons, the first because it was natural panic. this happens to people who are new to crypto, or people who join just because of the hype. while the second is, they immediately sell their assets, then wait until the price drops again and then buy them in large quantities to increase the amount of their assets. but, in this case, they are both common and common.
Yea many people did that, they panic and sell everything they have and get some USDT for low volatility. If we trust that bitcoin will go to the moon for another year then rather than sell what we have we can buy more using other capital this opportunity wont happen twice like years ago when the bitcoin price is only $3000. Panic naturally happens when something like this occurs but has a great mindset needed to keep calm and hodl
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michellee
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January 22, 2022, 06:32:31 AM |
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buy high, sell low, it seems like this is happening now. I firmly believe that today there are a lot of people who have bought bitcoins above $40k, and have sold them at prices below that in a panic. well, we can't avoid FUD which makes people panic, but this term, is very possible right now. I would argue that this happened for two reasons, the first because it was natural panic. this happens to people who are new to crypto, or people who join just because of the hype. while the second is, they immediately sell their assets, then wait until the price drops again and then buy them in large quantities to increase the amount of their assets. but, in this case, they are both common and common.
That looks like nice words for me. Those words have been used as a joke between our friends in my group chat. Many of us, including me, can not analyze with better, so one friend say buy high, sell low ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Yes, it is happening now as many people panic seeing the price is drop too deep without what they can predict. It seems when the price is down below $40k, people start to fear and worry and start selling some amount of bitcoin they have. But then, the price is going down for more and now, the price reached $36k and sooner or later, it can reach $33-$35k. But hopefully, the price will not reach $30k or lower because that will make more people sell their bitcoin. After all, they lose much money if they decide to sell at a lower price.
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Ararbermas
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January 22, 2022, 06:47:53 AM |
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I keep seeing a lot of people who are fearing the price right now, many people who are getting out, and plenty that thinks it will crash even harder.
now on this situation it's not surprising why there's a bunch of people who believe bitcoin will gonna crash more than people who believe it will not. Because obviously most holders are negative despite of situation wherein after breaking 2 consecutive ATH it seems getting weaker. So for me it's either due to some news or they want to sell off to protect their profits and go buy again from the very dip as there's no sign of quick recovery.. Infact there's no worst news on this situation wherein only the bearish situation so for sure there's a good reason why people is selling.
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pinggoki
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January 22, 2022, 08:57:49 AM |
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This usual error on trading since its very hard to let go your holdings when you are expecting more returns and your mind is very optimistic rather than selling in lose due to fear on losing more money. It's easy to give an advice to buy low and sell high but you really don't when the right low and high to start your trading since there is always a lower low and higher high in trading.
That's being greedy especially if you can already secure a big profit percentage and still continue to wait for something knowing that you are risking the profit from going much lower which inadvertently goes really low because you let greed take the wheel for your decision making. I got to admit, doing buy low and sell high stuff is hard for me because I just described myself in my post, I am greedy so I make sure that I can maximize my profit as much as possible and I end up getting much lower profit and end up hodling much longer.
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beerlover
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January 22, 2022, 08:01:40 PM |
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This usual error on trading since its very hard to let go your holdings when you are expecting more returns and your mind is very optimistic rather than selling in lose due to fear on losing more money. It's easy to give an advice to buy low and sell high but you really don't when the right low and high to start your trading since there is always a lower low and higher high in trading.
That's being greedy especially if you can already secure a big profit percentage and still continue to wait for something knowing that you are risking the profit from going much lower which inadvertently goes really low because you let greed take the wheel for your decision making. I got to admit, doing buy low and sell high stuff is hard for me because I just described myself in my post, I am greedy so I make sure that I can maximize my profit as much as possible and I end up getting much lower profit and end up hodling much longer. This has been something I have been avidly against. If you want to make more profit then crypto is the way to make that. I mean just because you made 100% return doesn't mean that you should stop, how many 10x have we seen? How many x100? We have seen them all, even bitcoin itself moved from just few dollars to 30k+ right now, if you invested when it was 10k, and stopped at 20k, then you missed out on profit chances. Being greedy is not a bad thing in crypto, in fact it is not even being greedy, it is just realizing that crypto could go up a lot more than traditional stuff. Yes in a stock market making 20% profit and selling could make sense, but in crypto world you could make a lot more profit.
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stadus
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January 22, 2022, 11:44:20 PM |
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For me buying low and sell high is important and it is the most popular strategic way of earning in crypto, but the most important is the project itself and the posible outcome of the particular project if there is a chance to be successful or not price really matter but the most important is the project, we need to select good project for good.
You are right. We can expect that since the market is in dips right now, all coins are probably have lower prices. And when there is dips, there is good opportunity to buy those cheap coins in the market. But we don't have to buy all those coins which are in bargain, since not all of them have potentials to grow. This is the reason why we still need to be careful on buying this time as not all coins are safe to buy, some are definitely shitcoins that will only waste our money and time hodling them and end up losing money from them.
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GeorgeJohn
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January 23, 2022, 08:13:08 AM |
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As we are not sure about the market and the market is volatile, its always advised to invest then and there. Just buy at the current price and go for a long term investment. Often our analysis might not be correct and we might waste our time in waiting for the price to go down. The price might move up. So just invest then and there. Set up a minimal profit so that often you will get profit and can shift among other coins.
This is the right time to buy Bitcoin and other coins and bank or store some, but investors are misunderstanding it in all ramifications, many of the investors are afraid of purchasing because their mindset is going directly to downfall again, but in actual sense we have to observe it very well before we adventure into it again. Any one who wants to adventure into long term investment, this is best opportunity to purchase weather bitcoin is coming up or not.
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Mauser
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January 23, 2022, 08:38:40 AM |
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I agree with you 100%. The bitcoin price right now is at 35,000 USD, instead of thinking that we should be selling we should rather be buying. It helps to put everything into perspective, are we really afraid that the price will drop down to 20,000 USD? Or even lower? Personally I don't think so, the recovery is just around the corner. I actually wanted to buy more alt coins in 2022, but with these levels I rather go for bitcoins. I am not saying that prices couldn't drop further in the short term, that's why we should split our money. Buy some coins in January and then some in February or March again. Like this we can take advantage of the cheapest prices. And even if bitcoins rally again in a few weeks, we at least didn't sell like many others.
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Ziskinberg
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January 23, 2022, 09:11:46 AM |
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I agree with you 100%. The bitcoin price right now is at 35,000 USD, instead of thinking that we should be selling we should rather be buying. It helps to put everything into perspective, are we really afraid that the price will drop down to 20,000 USD? Or even lower? Personally I don't think so, the recovery is just around the corner. I actually wanted to buy more alt coins in 2022, but with these levels I rather go for bitcoins. I am not saying that prices couldn't drop further in the short term, that's why we should split our money. Buy some coins in January and then some in February or March again. Like this we can take advantage of the cheapest prices. And even if bitcoins rally again in a few weeks, we at least didn't sell like many others.
I believe there is no such low below $20,000 but probably it reaches below $30,000. And yes, instead of deciding to sell, it is better to just hold and wait for the recovery. I insist this will be the ideal way to make a profit otherwise, we just end up losing. I hope that early investors could extend their patience and are able to understand the situation. Too bad that they enter the market in this crisis and we never know how long it will recover which could be hard for them especially when they are thinking for a profit after buying.
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davis196
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January 23, 2022, 12:06:43 PM |
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Many crypto traders are ready to buy,but they don't know when the price will hit the bottom,so they could buy at the bottom level. The thing about Bitcoin/crypto in general is that when the price goes down(for instance 30K),everyone is expecting a further crash to lower levels,almost nobody is expecting a fast recovery.The same thing applies to the bull runs.When the price reached 68K,everyone was expecting a new pump to 70-80K,rather than going back to 50,40 or even 30K USD.That's just the way human psychology works. The sellers are selling,but most of the buyers are waiting.This leads to the price dropping.
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Questat
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January 23, 2022, 12:20:39 PM |
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Many crypto traders are ready to buy,but they don't know when the price will hit the bottom,so they could buy at the bottom level. The thing about Bitcoin/crypto in general is that when the price goes down(for instance 30K),everyone is expecting a further crash to lower levels,almost nobody is expecting a fast recovery.The same thing applies to the bull runs.When the price reached 68K,everyone was expecting a new pump to 70-80K,rather than going back to 50,40 or even 30K USD.That's just the way human psychology works. The sellers are selling,but most of the buyers are waiting.This leads to the price dropping.
Because that is what we mostly see, once started to decline, it dumps more. Some people had to think about recovering fast but they just fail. That is really how the trend goes on, can't just think all the way in positive, sometimes we think about the negative thing as well. It wasn't wrong anyway unless we are panic and sell our crypto during that time. Buy low, sell low Buy high, sell low This actually happens sometimes.
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pawanjain
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January 23, 2022, 12:55:24 PM |
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You are quite right here but to be honest not everyone has the capability to hold strong. Most of the newbies in the market tend to do panic selling due to FUD and eventually end up in losses. Only the strong believers and long term holders have diamond hands to hold strong. They don't realize that these are the times when we have to buy the dip and accumulate more at lower prices.
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tvplus006
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To the moon
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January 23, 2022, 01:09:06 PM |
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...Why does everyone think the same? I mean it shouldn't be like this right? I have been long enough to hear "buy low, sell high" a million times so far, and it has always been said when the market is low, but for some reason, people still do not feel hopeful when the price is low...
The fact is that you will be able to buy at a low price only if you sold your coins at a high price before that. But many traders did not sell their coins at a high price and now continue to hold them and simultaneously experience Fomo. And accordingly, they cannot make new purchases, since they do not have the capital for this.
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Hamphser
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January 23, 2022, 05:38:23 PM |
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Many crypto traders are ready to buy,but they don't know when the price will hit the bottom,so they could buy at the bottom level. The thing about Bitcoin/crypto in general is that when the price goes down(for instance 30K),everyone is expecting a further crash to lower levels,almost nobody is expecting a fast recovery.The same thing applies to the bull runs.When the price reached 68K,everyone was expecting a new pump to 70-80K,rather than going back to 50,40 or even 30K USD.That's just the way human psychology works. The sellers are selling,but most of the buyers are waiting.This leads to the price dropping.
Because that is what we mostly see, once started to decline, it dumps more. Some people had to think about recovering fast but they just fail. That is really how the trend goes on, can't just think all the way in positive, sometimes we think about the negative thing as well. It wasn't wrong anyway unless we are panic and sell our crypto during that time. Buy low, sell low Buy high, sell low This actually happens sometimes. A very common mistake to have or to commit out and there are no exemptions even if you are a noob or veteran on this market.You would definitely be still able to experience these Buy high sell low situation. This is where experience and knowledge do matters on where you do at least aware on what you should gonna do even though emotions would be your primary problem or would be hindrance. Although it is really easy to say that buy low sell high but when you are already on the actual situation then this is something that cant really be predicted.
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Mpamaegbu
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January 23, 2022, 07:21:57 PM |
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but for some reason, people still do not feel hopeful when the price is low.
I made a post in another thread on something similar and my thought (in conclusion) was that those who are likely hearted shouldn't be in cryptos. Nevertheless, I know that it's unconventional for investors not to despair when assets they're hodling are dipping. However, there should be exceptions where investors also utilize opportunities provided by market dip to make more profit or restrategize and get more tokens of whatever assets they're hodling. If a token I'm hodling begins to dip, I look for ways to average the loss. It's DCA – Dollar Cost Average. I buy more.
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Before you boast of your material acquisition, take a stroll to a morgue and there you will find those who were once better than you're. Only fools think they've it all. Stay humble 🤔
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Silberman
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January 23, 2022, 08:07:13 PM |
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It's the nature of humans.
When they see the price starts going down, interest from it is becoming lesser. We don't like to see the market going down after it has gone high. But when it does, we're starting to have that feeling that the market would die eventually.
We're thinking of the worst-case scenario yet, we call ourselves investors and not willing to take the current paper loss that we should experience from the market.
I'd say that this is normal.
It is natural and it is to be expected, which is why so many people believe the markets play mind games against them, the whales are experts at reading the markets and if they see they can get an advantage by manipulating weak hands then they will take it, which is why following what everyone else is doing is a bad idea if you are an investor or a trader, after all I am sure that while a lot of weak hands are selling their coins now the whales are doing the opposite.
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