nurilham
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 25, 2022, 11:08:11 PM |
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That's right, most of them are like this, late to buy Bitcoin at such a low price. I think most people just follow things that are booming, therefore the price goes up when they decide to invest in it and take it at a relatively high price. It's true that we have to change our mindset where when the price drops it's the right time to buy, moreover we know the prospect of Bitcoin itself is indeed good for the future so buying it at a low price is an advantage. Bitcoin prices will always go up and down in the market and as investors or traders, we must be able to deal with it well.
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lalabotax
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January 25, 2022, 11:12:27 PM |
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This picture really shows how people are more interested in something that is on hype or in their top price, with very high happening news. But, they are too afraid of something that is being dropped, being at the bottom. Although actually, those are the similar thing, the same value, and also the same investment. But, they are too afraid of what is in their mind, with more FUD. I cannot say that it is all investors, but most of them are the new investors, who maybe invest in Bitcoin because of hype or only follow the other success.
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coolcoinz
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January 25, 2022, 11:28:03 PM |
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It's funny but I have some friends who are as typical when it comes to "crowd mentality" as it gets. One of them always messages me when bitcoin goes up a lot and asks if this is the right time to buy, but when it goes down he never wants to talk about it and says that this time it will be over for bitcoin. The other one always waits until the last moment. He needs a few months to finally produce enough confidence to buy, but then it's usually late. When it keeps falling he does the same. Fear slowly builds up for months and months and finally when he's down 70% he sells.
They both witnessed the 2017 and 2021 bull markets and never made serious money.
I also know another "typical guy" who keeps telling me that bitcoin is too expensive for him and always invests in the most shitty altcoins out there. He's like a compass for what not to touch.
It's interesting that people always go after the easiest and the most obvious pattern: I put 1 dollar in the slot machine and got 2, therefore if I put 100 I will get 200. This is the shit most people believe in and it works both ways: I bought Bitcoin and it went down, therefore if I buy again it will go down again and I lose money, so I better not.
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worle1bm
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 26, 2022, 05:54:31 AM |
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We will always see such scenes and now it has become preety common as at the time of price dips there is huge rush for people selling their coins and on the opposite side whenever the price is rising people tend to invest more to gain profits as they believe now their investments will be safe which is totally wrong approach in bitcoin.The wise man always buy at the dips which will give him more profits in the long run.Panic sell is the worst combo mixed with greed of people and they start selling without any knowledge.So leave them at their own end.
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davis196
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 26, 2022, 06:34:52 AM |
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The difference between FOMO and panic selling/buying the dip has already been explained multiple times. I guess that the buyers will have to wait for a few weeks,so they could be sure that 32-35K USD is the dip. Maybe then they will start buying. I have a good feeling about April/May/June.Maybe the Bitcoin price might start recovering during the spring. However,I might be wrong and the price won't recover back to 50-60K during the entire 2022(which is perfectly fine). Most true Bitcoin investors and HODLers are ready to wait a year or two for another Bitcoin ATH.
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xSkylarx
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 26, 2022, 08:08:48 AM |
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![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FLdSD3zG.jpg&t=665&c=hpwR3W4yjFHy9Q) People were willing to buy bitcoin at all time high prices and everyone was greedy. Now when bitcoin is half the ATH price, we see no buying pressure. It's strange that people are willing to get bitcoin at high prices but they don't buy it when bitcoin is available at fair cheap prices. This is strange bitcoin investor's psychology. It is not the same as the sale in shopping malls, and I agree that they are buying at higher prices because of a lack of knowledge on the part of the buyers. Usually, the issue is that people are afraid to buy on red days because they believe the stock will fall more; however, on green days, they believe it is as simple as rocket science and the stock will rise more rapidly. The difficulty comes from rushing into an investment without fully understanding what you are getting yourself into.
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bitzizzix
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January 26, 2022, 09:07:17 AM |
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We can't blame them for any reason, and we have to appreciate it because it's good for them to want to get involved or buy bitcoin even though in the end they feel disappointed because the price reversed. they are new people who don't have basic knowledge and also don't understand bitcoin who only have hope the price will keep going up when they buy it and when the price goes down by half maybe afraid the price will keep going down, so Holding it firmly is their best option and hope the price going up, and what happens will be a lesson for them and will get to know bitcoin better overall. and with it will make bitcoin continue to grow and become popular.
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tulusikhlas
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January 26, 2022, 10:52:25 AM |
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I don't know what to say, but this is really happening in the market. I don't think that's a strange thing, but they are people who get carried away. I don't know what they were thinking, but it was a situation that left me speechless. Indeed we can't blame them, because they must have their own reasons when buying bitcoins at high prices.
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Juse14
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Duelbits
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January 26, 2022, 01:17:53 PM |
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I think there is a concern here, if they don't buy it, they are afraid they will be left behind. So they ventured to buy at a time when the bitcoin price was relatively high. What I want to underline here is "forcing to be brave" so they forget to analyze to what point btc will skyrocket from the price they buy. That's why many complain. My advice if we hesitate to buy, then it is better to wait until we are absolutely sure.
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kryptqnick
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January 26, 2022, 02:56:25 PM |
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It's a great picture from op. Of course, not everyone's like it. Some buy a bit at any price, some buy the dip. But investments and interest in Bitcoin as a form of investment clearly rise when it's high up and fall when the price is down and there's actually a good opportunity to invest. This probably means that most investors don't take Bitcoin seriously. They don't believe that it's valuable, so they rely on the price to see if there are enough people who deem it valuable and whether it's thus worthy as an investment. If they believed in Bitcoin, they wouldn't pull out the funds every time it's down. And I thought Bitcoin recovering after 2018's bear market made it obvious that it always recovers and goes higher.
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noormcs5
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 26, 2022, 03:03:23 PM |
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Common mistake of every new investors is they're always on panic buying mode when the price is on top without knowing there's always a correction wherein reason most of them always ended losses. Well that's the sad fact that until now still happening because of greediness. Maybe they're not comfortable buying at the dip reason they still want to buy when there's a progress already. I mean even their history when it comes such strategy isn't good. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) I believe such behavior can be seen in most newcomers in this market. Because if you are a long time crypto user, you already know when to buy and sell your btc. Noncrypto users will notice the btc market when it is rising, but once it is declining, a lot of people are in panic mode or don't know what to do with the market. And for those who are waiting for btc to go down, this is a very good opportunity to accumulate. If you are strong believer, you will know that this is one of the good times to collect. But the simple photo from the OP is actually true and is happening. This strange bitcoin investor psychology is found both in the newbie investors but also among the old crypto investors. Many people don't learn from their mistakes and keep repeating the habit of buying at high and selling at low. That's why we see only a few people are able to make good money from this volatile market while most of the traders and investors are found complaining that they are in a loss.
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isaac_clarke22
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 26, 2022, 03:49:24 PM |
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It is a common mistake already and it's been happening even outside crypto just like others mentioned. Retail, stock market or whatever you call it. It's hard to risk money these days, just considering some cost of living in some countries. There are more factors aside from what I mentioned. Altcoin or Bitcoin, the same thing applies. Good thing Bitcoin never failed us though, unlike 99% of shitcoins out there, lol.
Nice number by the way.
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kentrolla
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 26, 2022, 04:58:23 PM |
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This will be the the case forever as every dip reminds them about the year 2018 and they believe it's a repeat of 2018 for every dump but this time around it's different I see more people buying Bitcoin now since it has crossed $38k after dropping down and I think users have learnt the lesson as they wait for the price to hit bottom and once it starts bouncing back they make entry which was not the case earlier. I am happy atleast we are learning from previous mistakes and just wish this is not one more bull trap.
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dezoel
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January 26, 2022, 06:52:27 PM |
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That’s one of the biggest mistakes that a lot of people make. They want to get in and start investing when the market is increasing in value, because they feel that it would keep going up, and that’s why a lot of people would make the mistake of buying when the market is at its peak.
I have seen a lot of people, including my friends that would invest in bitcoin when it is at its peak, and they would lose their money as the market dips. That’s something I try to avoid a lot. I make use of dollar cost averaging at a time when the market is at its lowest ; I invest little amount that I can afford to hold till the bullish trend starts. You wouldn’t feel any much pressure when you’re using dollar cost averaging, it would seem like making savings.
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teosanru
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 26, 2022, 07:18:38 PM |
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This isn't only the bitcoin investor psychology, this is an average investor technology, an Investor who just wants to earn money quite quickly, therefore, will be ready to buy more and more at the top, but whenever you tell him to buy at the bottom, he will tell you to wait for some time as the price may go even lower. You will find such people in all types of markets, even stock markets, forex markets, and even commodity markets. We have even indexes created based on these sentiments of the investors, for example, the crypto fear and greed index, it's one of the indexes made upon the mentality of the investors.
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GoodLuckHK
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January 26, 2022, 07:33:04 PM |
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The price of Bitcoin would have stood at 300k if the period had been like 2021. But by 2022, the price of all coins, including Bitcoin, has been heavily dumped. Although the price of all coins in the cryptocurrency is declining now, there is no current review of what the future holds.
Those who wanted to buy at the highest price thought it would exceed one hundred thousand dollars
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blockman
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 26, 2022, 08:08:19 PM |
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I don't know what to say, but this is really happening in the market. I don't think that's a strange thing, but they are people who get carried away. I don't know what they were thinking, but it was a situation that left me speechless. Indeed we can't blame them, because they must have their own reasons when buying bitcoins at high prices.
No, it's not a strange thing and this is the real world and actual thing. People love to see bitcoin at high prices and won't have any second thought of investing while it's soaring. But when it starts to correct, everyone is starting to find a way out of it and won't think about selling at losses. Instead of buying it cheaper, they would feel bad and helpless just by looking at the price.
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Gamerholic
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January 26, 2022, 08:44:56 PM |
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The most competent investor psychology is to buy bitcoin while it has fallen in price. Further, we will live in the era of cryptocurrencies recognized by all states and its price will be completely different - much more than now. This means that this is a person who is not in a hurry and at the same time understands how to properly invest his savings.
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TheGreatPython
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 26, 2022, 09:51:06 PM |
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People were willing to buy bitcoin at all time high prices and everyone was greedy. Now when bitcoin is half the ATH price, we see no buying pressure. It's strange that people are willing to get bitcoin at high prices but they don't buy it when bitcoin is available at fair cheap prices. This is strange bitcoin investor's psychology.
Maybe those people have learned their lesson. They quit btc for good so that they wont loose anymore or maybe they are not buying when price is dumped but they are waiting again for the price to pumped and then they buy it. We think this is strange because we think the best way to build wealth is buy buying low selling high but we did not know that it is also a valid strategy and there are people that are using it where they buy high and then they also sell high. I think that it does not really matter if which side we chose but what matters the most is how do we handle our investments. It is important to not panic and sell but lets us stick to out plans as possible.
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Slow death
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January 26, 2022, 10:07:36 PM |
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there is an explanation for that. observe what happens to anyone new to day trading, the new person always buys at the top because he thinks the price will continue to rise and he never buys on the fall because he thinks the price will continue to fall a lot and he would be in a lot of losses, but we are in a market and there are no feelings here, if someone is losing that is the person's responsibility and if someone is making a profit that is the person's responsibility
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