Fivestar4everMVP
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January 23, 2022, 08:32:21 PM |
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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.
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.
I am not going to make your investments for you, it is not my decision to sell or buy for you, if you want to get out right now and feel scared then you should do that, it is your money and only you can decide that.
However, if tomorrow the price starts to go up, and if the price reaches 70k in 2022, then you should remind yourself this day when the price was under 40k, and you felt fear instead of hope. Because prices always go down before it starts to go up. 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.
There are currently many newbies in this space who don't really understand the language of the market yet, some this new guys buy for example bitcoin with the hope that it can only go up, but if they are unfortunate and price begins to go down, they panic and sell thinking the price might go down further which some times is true and some other time it's not. One other thing we should also understand is that the set of people who fall in the category above are not real investors, they are people seeking for some quick price, a real investor buys and set a sell target price, and they can sell it below their selling target no matter how the market fluctuations is or how bad it is.
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Oceat
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January 23, 2022, 08:54:30 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. It's because some people are greedy so they like to hodl longer than to sell to make some profit, they want to maximize their profit. The probability of making a profit on an uncertain price movement/prediction has a high risk results. So basically, some of them are just gambling and not actually trading. I bet there will be some people who would panic during the correction or dip and eventually would sell low due to panic. It never gets old once you used to see them doing it over and over for a year.
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3996
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justdimin
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January 23, 2022, 09:09:26 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. If they do not have capital to get back in, that is their own problem, isn't it? I mean if you put every single thing you own into bitcoin at a single price than it is your own fault. I personally keep some money aside each month, and buy crypto, and even with that I put 10% aside in BUSD. So, I grow my cash size each month, and I grow my crypto month each month. However, even if you can't do this, even if your salary is too small to keep buying, then you could just put some of your money aside instead of buying all in. People who spend all of their money in a single investment and then cry that they do not have enough money to buy when it drops made a mistake, and that is why it is their problem.
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Wawa2013
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January 23, 2022, 09:22:32 PM |
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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.
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.
I am not going to make your investments for you, it is not my decision to sell or buy for you, if you want to get out right now and feel scared then you should do that, it is your money and only you can decide that.
However, if tomorrow the price starts to go up, and if the price reaches 70k in 2022, then you should remind yourself this day when the price was under 40k, and you felt fear instead of hope. Because prices always go down before it starts to go up. 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.
There are currently many newbies in this space who don't really understand the language of the market yet, some this new guys buy for example bitcoin with the hope that it can only go up, but if they are unfortunate and price begins to go down, they panic and sell thinking the price might go down further which some times is true and some other time it's not. One other thing we should also understand is that the set of people who fall in the category above are not real investors, they are people seeking for some quick price, a real investor buys and set a sell target price, and they can sell it below their selling target no matter how the market fluctuations is or how bad it is. Before deciding to invest or trade crypto, first learn everything about the crypto world well. So at least understand how the crypto world works, then we will understand that crypto prices are very volatile, so finally understand the price of crypto will not always go up. Then when the price of crypto goes down can understand it's the right time to buy, we don't need to panic to see a market crash as long as the coins we choose are good and potential, we have to hold the coins we have until the market goes up again. The most important thing is to be able to understand that crypto will not make us rich instantly, so it does require patience if we really want to get rich from crypto, because sometimes we need to experience several losses first to realize the mistakes we made when investing and trading crypto. The conclusion is that investing and trading crypto is not as easy as we imagine, there are many processes that must be passed to become a successful investor or trader.
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jostorres
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January 23, 2022, 09:35:58 PM |
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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.
It’s not like I’m expecting the market to go up anytime soon, even if it’s going to take some years before we see another bull run, I’m ready to hold my coins till then. I always make sure to follow the rule of investing when the market is bearish, then I always hold it for as long as it will take for the market to start another uptrend. In the past few years I was able to invest as much as I can while the market was low, and I waited till we had the last bull. Although I almost got discouraged during the covid19 pandemic, and when the market was going down I felt like I should sell my coins, because things seemed to be getting out of hand then. But luckily I changed my mind and still decided to keep holding, because I had the belief that the market would still get back in a better way.
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nurilham
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January 23, 2022, 11:33:53 PM |
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That's why many people suffer big losses because they panic too much about this downturn in the crypto market. The panic that occurs will not change the market situation but will instead make the market more chaotic if many do panic sell. So stop harming yourself and stay patient waiting for the crypto market to recover. This is a moment that we can use to buy coins at low prices, this is not bullshit but it's a fact that buying low prices and hold on to the price until the price rises again. so from now on don't be easily influenced by the ups and downs of the crypto market because it will make us panic.
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Slow death
Legendary
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January 23, 2022, 11:44:03 PM |
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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. well people still haven't forgotten what happened in 2016 to 2017, yes I'm talking about the drop from $20,000 to $3000, of course today we are seeing the price reach $69000 Why does everyone think the same? like I said: 2016 to 2017 is still in people's memory However, if tomorrow the price starts to go up, and if the price reaches 70k in 2022, then you should remind yourself this day when the price was under 40k, and you felt fear instead of hope. Because prices always go down before it starts to go up. 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. man this is not something guaranteed to happen and even if it does it could also take many years so the best thing people can do is take the money they know they can afford to lose and buy it now that the price has dropped so much
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Flexystar
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January 24, 2022, 04:57:06 AM |
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If many investors think that bitcoin is still costly to buy then they have the option from hundreds of legit altcoins too. It’s none like they don’t have options to buy at cheaper cost. All they want is bitcoin to be bought at hundreds of dollars and begin the journey towards million dollar. That thing was from the past and it’s not gonna come back.
It’s better to amplify the portfolio with alts now if you don’t have money but stop saying that though the crypto is at discounted but it’s not worth it.
Everything is possible right this movement.
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TheUltraElite
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So anyway, I applied as a merit source :)
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January 24, 2022, 05:24:56 AM |
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That's why many people suffer big losses because they panic too much about this downturn in the crypto market. The panic that occurs will not change the market situation but will instead make the market more chaotic if many do panic sell. Without panic sellers, the cunning ones will not get the discounted prices to buy bitcoin. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) So stop harming yourself and stay patient waiting for the crypto market to recover. This is not a bad option either. Not everyone has money at hand to buy coins at this time. For them patience remains the key. This is a moment that we can use to buy coins at low prices, this is not bullshit but it's a fact that buying low prices and hold on to the price until the price rises again. so from now on don't be easily influenced by the ups and downs of the crypto market because it will make us panic. During such times if you visit the casino trollboxes, you will see people complain that bitcoin is dead like as if a doomsday is happening. Thing is that it is human nature to panic like that. But we need to take advantage of the panic to buy at possible prices that we could not in a bull market. I would be very happy if price drops below 30k, because then I could buy at low. But I am sure someone reading this might feel bad about my opinion.
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andriarto
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January 24, 2022, 06:00:58 AM |
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if you look at the current conditions it may be a low price from the previous peak. but it's still higher than the peak in 2017. That's what makes us hesitant to buy. but for me buying gradually from now on is the right solution, because we don't know when this bearish will end, so it will be regret if we miss opportunity after opportunity
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worle1bm
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January 24, 2022, 06:04:16 AM |
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We have heard this term many times but in practical it's hard to say which is the right moment to sell or buy and it all depends on our profit/loss point.Like you could make profits at $45k or $60k if you have bought low but it's you who will decide whether to hold or sell and vice versa for the loss.
The market will always say to buy at low but you will have to decide at what low level you can or are willing to invest as it's personal decision.Try to have more during dips and sell some at profits.
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LastKiss
Sr. Member
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January 24, 2022, 06:33:19 AM |
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We have heard this term many times but in practical it's hard to say which is the right moment to sell or buy and it all depends on our profit/loss point.Like you could make profits at $45k or $60k if you have bought low but it's you who will decide whether to hold or sell and vice versa for the loss.
The market will always say to buy at low but you will have to decide at what low level you can or are willing to invest as it's personal decision.Try to have more during dips and sell some at profits.
It's hard to decide our personal entry price, but we can do some analysis to decide that. If the price keeps falling then just put more money until you dont have any cold money that you can use for investment so just wait for something big to happen. There's no guarantee that the price will get it's ATH next year or even this year the thing that we can do is just believe the price will reach a new ATH someday.
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ethereumhunter
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January 24, 2022, 12:18:08 PM |
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Different from me buy high sell low ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) , I am panic when looking coin have good price and interested to buy but not happy and looking panic sell when bitcoin or altcoin dump. Need to change bad activities with buying high selling low because can loss all assets I have. Maybe not have to hurry when try investing with bitcoin or altcoin, keep waiting price back dump if bitcoin or altcoin have higher price than need to sell with lower price I am in your position bro. I felt a bit disappointed when I was late to enter the market when the price started to increase and many times I tried to buy at the moving price but I am not lucky the other traders. Most of the time gives me a break-event point position but I am not too bad as I know that is the risk I can get when I do not analyze deeper before the price starts moving. We should not try to buy when the price starts to move because that will be too risky.
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dezoel
Legendary
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Leading Crypto Sports Betting & Casino Platform
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January 24, 2022, 01:59:31 PM |
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I have always had the same thoughts on why a lot of people decide to sell their coins when the market is going down. Despite that we have seen several bull runs take place over the years, but when the market starts being bearish, a lot of people starts to run from it. The only answer that I can come up with is that maybe these people are not investing the money that they can afford to lose at the moment, and that is why if the market is going down they start to sell their assets to cash out whatever small profit that they might have or even sell at loss, which is very bad.
I have seen quite a lot of people who do this same thing, and why I gave the answer is because of what they usually say, they always fear to lose their money. For someone to be afraid to lose their money that they have invested in the cryptocurrency market means that the money invested is not something that they are ready to risk. And This is why they end up missing so many opportunities.
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tvplus006
Legendary
Offline
Activity: 2394
Merit: 1804
To the moon
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January 24, 2022, 02:31:02 PM |
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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...
It's only been three days since you posted your message, and the price of BTC has dropped by another 5 thousand dollars. This means that the concerns of market participants are not groundless. In such a situation, it would be the right decision to buy coins in parts, leaving the stablecoins for purchase at a lower price.
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AnonBitCoiner
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January 24, 2022, 02:51:50 PM |
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Yes this is time of buying top coins with Sip Strategy ( Buy on every Dip) and hold it until you get at least 2x of your average investment. This is totally whale game , when you become over confidence in bull they dump you and when you sell in fear market they buy the dip. Follow the whale to make money
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| │ | ████████▄▄███████▄▄ ███████▄████████████▌ ██████▐██▀███████▀▀██ ███████████████████▐█▌ ████▄▄▄▄▄▄▄▄▄▄██▄▄▄▄▄ ███▀░▐███▀▄█▄█▀▀█▄█▄▀ ██████████████▄██████▌ █████▐██▄██████▄████▐ █████████▀░▄▄▄▄▄ ███████▄█▄░▀█▄▄░▀ ███▄██▄▀███▄█████▄▀ ▄██████▄▀███████▀ ████████▄▀████▀█████▄▄ | . "I could either watch it happen or be a part of it" ▬▬▬▬▬ |
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Raflesia
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January 24, 2022, 04:30:21 PM |
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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...
It's only been three days since you posted your message, and the price of BTC has dropped by another 5 thousand dollars. This means that the concerns of market participants are not groundless. In such a situation, it would be the right decision to buy coins in parts, leaving the stablecoins for purchase at a lower price. That's for those who dare to do it and definitely buy some parts is a good thing, but in that part there are still those who don't want to buy and wait for recovery and more stablecoins to secure their assets, but I dare to buy in the current situation and believe this can come back in the middle of the year. I understand this where they are afraid of losing even though they want to buy it but it is the anxiety that becomes panic and does not make them better.
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blackened515
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January 24, 2022, 07:25:06 PM |
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With the current of Bitcoin. Honesty, it not really easy to be strong, most people are panicked because the price keep falling. Although, I understand that it an golden opportunity for us to buy more Bitcoin, in order to make nice profits when the Bull run eventually starts. But, Bitcoin is for the strong hearted, those who have the ability to be patience enough. However, I rather be patience and wait for the price to pump, than to sell and lost. Without doubt, am rest assured Bitcoin will certainly rise sooner.
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Tumanggor
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January 24, 2022, 08:08:07 PM |
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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.
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.
If everyone thinks the same then there is no such thing as balance. sell when the price goes down then buy when the price goes up, really the thought of a person who does not have the courage, those who are stupid in the market will continue to exist All crypto investors are experiencing a decline in their current asset value and the ones who survive are the winners. as CZ said "Those who cannot survive will never be rich"
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taufik123
Legendary
Online
Activity: 2618
Merit: 1806
Rollbit.com | Crypto Futures
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January 24, 2022, 09:13:18 PM |
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It's hard to decide our personal entry price, but we can do some analysis to decide that. If the price keeps falling then just put more money until you dont have any cold money that you can use for investment so just wait for something big to happen. There's no guarantee that the price will get it's ATH next year or even this year the thing that we can do is just believe the price will reach a new ATH someday.
Some of the analysis done will indeed help to where our limit is to buy, but it all depends on the market, if the decline continues and BTC support continues to be broken, then the $30k price area will be able to be passed. at this time if you have a lot of spare money will be very useful and can buy at a cheaper price. Yet some of us have already put all the cold cash on some altcoins that are experiencing major declines. Reaching new ATH or not this year we can only wait for the bear market to end.
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