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[CoinEraser]

Sad but true. When the price is down, few people are interested in buying bitcoins. But in a hype and with high prices, people suddenly become interested in bitcoin and buy him dearly. 

I've experienced this again and again in the last few years in my circle of acquaintances and it hasn't changed to this day. I wonder when will people finally learn it? 

[Z-tight]

These kind of people do not know about the cycle, they do not know that BTC has a history behind it that repeats itself, but they only know BTC's value can increase and that is what their interest is, that's why they are never interested in winter periods but bull periods only, it is the same in any other field, you can only know what you take out your time to learn and understand. The people who understand the history and cycle are those that have made their research on it, and afterwards experienced it with the knowledge they have, this kind of knowledge is what get rich quick investors do not have, that's why they invest only when it is fomo time.

[Oasisman]

I ask: Have you already bought bitcoin?
Answer: No. I'll wait until he recovers.

This has always been the case for most of those who just entered the crypto market, even some of those who has been here for quite some time are also like this, as if they're questioning the capability of Bitcoin in a long term perspective.
A lot of missed opportunity indeed. It is true that a lot of people could say "buy low and sell high", but it turns out to be a hard thing to do lol.

[Viscore]

Years pass, cycles pass, but nothing changes.

I wonder how much longer it will take for people to realize that low prices are a CHANCE to buy, not some kind of disappointment. Instead of taking this chance, they are burying bitcoin. Instead of taking profits or enjoying an increase in the value of their assets, they start buying. They buy at the top of the market, and then they say that bitcoin is a pyramid scheme and a scam. Now I am talking to some people IRL, who are also interested in cryptocurrencies.

I ask: Have you already bought bitcoin?
Answer: No. I'll wait until he recovers.

The best time to build wealth in the market is definitely not on a bullish season but it’s always on a market being bearish. As they’ve said, this is the best entry so you can maximize your expected profits when the market turns already into bullish. But this is what newbies are thinking. Instead, they come in the market when everything is good and profitable expecting that the price of bitcoin will eventually go further. And when the price suddenly crash, they end up panic selling and blame bitcoin for their huge losses. If that will always be the mindset of new investors, they cannot expect to get rich with bitcoin.

[DeathAngel]

It’s human psychology in the sense that you can take a horse to water but you can’t make it drink. These people won’t buy, no matter how low we go. Then when we pump and hit new ath in 2024 & 2025, they will be saying it’s not fair & hating bitcoin. These are the 9 to 5, desk monkeys. They will never break free from modern slavery.

[Oilacris]

Totally a real story which people do really only consider on buying when its already on peak price or when it is already gradually becomes expensive and not into those times where the price
is on the dumping state or bearish momentum.These people would be just simply be murmuring and whining when bitcoins price hits up new all time highs and telling to themselves that
they should have bought into those times.

Its a never ending mistake on which people wont really be that confident on buying when we do see reds.They do love on buying when its already on greens.
I can definitely say since im guilty on this one. haha

[GxSTxV]

It’s totally normal for our nature when he doesn’t really know much about something he will be scared to go through something he doesn’t understand or know how it works, look at us now in bitcointalk most of us are saving every little extra punny in bitcoin knowing it’s a long term investment and a safe place to put and hold your assets, but for others they are comfortable to invest on high price and wait it to go more up and once they see a little bearish sign they run to sell it again

[jackg]

They're not going to learn until they watch it over time - I don't think anyone fully does. If you watch the price over a period of time you can start to understand what's going on and how to invest.

It might be best to tell these sorts of people to invest just before or after the halving - but maybe they're just coming up with polite excuses. They might be the same sort of people who invest in stocks, see it's a little lower the next day and sell them to "cut their losses".

[Finestream]

Years pass, cycles pass, but nothing changes.

I wonder how much longer it will take for people to realize that low prices are a CHANCE to buy, not some kind of disappointment. Instead of taking this chance, they are burying bitcoin. Instead of taking profits or enjoying an increase in the value of their assets, they start buying. They buy at the top of the market, and then they say that bitcoin is a pyramid scheme and a scam. Now I am talking to some people IRL, who are also interested in cryptocurrencies.

I ask: Have you already bought bitcoin?
Answer: No. I'll wait until he recovers.

Unfortunately, newbies want instant profits when they think of investments. The reason why they always prefer to invest when prices are high and profitable. So they enter the market and buy coins at their highest peak, and maybe earn slight profits after that. But since their goal is never for long term but for only short term, so they started losing after months and quit after that. That is the most scenario with newbies right now as they don’t create long term goals, but we’re only good for short term goals.

[isaac_clarke22]

~

Sadly it is the way it is. Unless we get another random influencers mentioning Bitcoin a lot at these moments, non-crypto users would just look at the price as just another investment that is not worth investing at.
Surely after the 69k, people would now believe that Bitcoin is reaaaaally not those shitcoins that you usually encounter in the market.

The consistent 5 digit in USD price surely brings a lot attention already to a lot of investor. $200 is already a lot when converted here in my local currency, what more if it is five?

[nurilham]

I ask: Have you already bought bitcoin?
Answer: No. I'll wait until he recovers.

People's mindset to buy when they see the hype is good. They actually don't see the price but they focus on whether the trend/hype is good or not.
It is the same as Dogecoin, many people buy Dogecoin when Elon Musk makes the hype. They don't care what the price is, but they are following others during the hype. Sadly, whenever the hype happens, the price should increase drastically and people will buy at a high price. Many of them don't realize that after the hype there will be a huge drop.

In the Bitcoin case, many people probably will buy when the price gradually increases after the next halving (in 2024). They should buy when they hear much good news about Bitcoin, especially when they hear again that Bitcoin to reach $100k in the next bullrun.

This happens because the news/issue has a big role to influence people's interest to buy.

[darkangel11]

I understand their attitude.

Many of these people bought at 60k, it fell, they bought at 50, it fell lower, they thought ok I'm gonna be smart here, I won't buy at 40 if it falls there, I'll wait for 30 because it was the bottom mid 2020, it fell lower. So the last straw was: I'll buy at 20! Bitcoin never went below previous cycle's ATH. And it fell lower...

So now these people either hold coins bought at 20 before we fell to 18 or bought higher and sold it when they went into a loss. Now they need the price to fall much lower so they can make up all the money they lost buying above 30k and selling it on the way down.

[posi]

I ask: Have you already bought bitcoin?
Answer: No. I'll wait until he recovers.

Because they don't really understand the cycle of bitcoin, they feel unsafe buying bitcoin at low price because they think it is likely to drop even lower. But when it rebounds it gives them a sense of security and thinking it will go even higher, they can buy from there and wait to take profits. Unfortunately, things don't go as they planned and they will panic sell when the price drops afterwards.
This is very normal, if everyone is like us, just waiting to buy bitcoin at low price, who will buy at high price and how will we sell if no one buys. Financial markets always have winners and losers, not win-win.

[SatoPrincess]

Very true, the psychology of cryptocurrency is fascinating. People are drawn to bitcoin investments when the price is high, but the same people is less attracted to Bitcoin when in the bear season. These are mostly the new investors because anyone who’s been buying sats long enough must have learnt the hard way. While newbies take the bear market for granted and think it’s the end of days for bitcoin when they see the market is red, they are scared of buying bitcoin when it’s not pumping.

[FatFork]

The market is in a serious consolidation phase, and many people don't understand this. It's not a time to be scared, but rather a time to buy more and hold onto your coins. I bought during the bear market and will continue to buy as long as the market remains cheap. I don't know how long this bear market will last, but I do know that it's not worth trying to time it out. It's better to stay consistent and buy at good prices rather than trying to guess when things will turn around.

I can't speak for everyone, but I know many people who are scared to buy because they don't understand the Bitcoin cycles and think it's just a bubble waiting to pop. But, I'm sure that in 5-10 years the question will be: ​​Why didn't I keep buying when it was so cheap?

[romero121]

It is true that people always get into panic mode when the price of bitcoin drops. Further they never make use of opportunity. With bitcoin the growth is assured, only thing required is the holding time period. As we don't know when the market bounces, we need the patience to hold. The picture represent the reality of the people's mind.

For users who have bought at a lower price and sold at the higher price will know well about the market and intends to buy as much possible when market is at the bottom. Maybe all the users waiting for the bull move could buy it when the perfect transition from bull market to bear market takes place.

[livingfree]

That's how they look at the market, they'll buy when it seems there's a movement and it's fast so they can also profit fast. But, that type of strategy is good for short term. In short, they are short term thinkers and they don't do what we do and that's to accumulate during the low prices.

It's no longer surprising when there will be those experienced folks in the market to buy bitcoin during at the top and not to take this time of opportunity of buying it low.

And when the bull run's done, they'll complain during the bear market that they did a mistake. It's just going to be another cycle for people that will have the paper losses.

[Zlantann]

Very true, the psychology of cryptocurrency is fascinating. People are drawn to bitcoin investments when the price is high, but the same people is less attracted to Bitcoin when in the bear season. These are mostly the new investors because anyone who’s been buying sats long enough must have learnt the hard way. While newbies take the bear market for granted and think it’s the end of days for bitcoin when they see the market is red, they are scared of buying bitcoin when it’s not pumping.

Opportunities are not always beautiful and attractive. The bullish market attracts mostly short time investors that mainly focus on making quick profits. They are mainly attracted to invest by the constant increase in the price of Bitcoin. Most people that buy Bitcoin when the pricing in increasing usually perceives it as a get rich quick scheme. Patient and long term investors usually take advantage of the bearish market. These set of investors believe in Bitcoin and are very hopeful that the price would become favorable in the future.

Another reason why people don't take advantage of the bear market is that they believe that the price of Bitcoin would keep dropping.Therefore they are waiting for the time it would be very low so that they can buy. They want to buy Bitcoin at the cheapest price and sometimes it might never get to the price they expect.

[Mahanton]

Very true, the psychology of cryptocurrency is fascinating. People are drawn to bitcoin investments when the price is high, but the same people is less attracted to Bitcoin when in the bear season. These are mostly the new investors because anyone who’s been buying sats long enough must have learnt the hard way. While newbies take the bear market for granted and think it’s the end of days for bitcoin when they see the market is red, they are scared of buying bitcoin when it’s not pumping.

Opportunities are not always beautiful and attractive. The bullish market attracts mostly short time investors that mainly focus on making quick profits. They are mainly attracted to invest by the constant increase in the price of Bitcoin. Most people that buy Bitcoin when the pricing in increasing usually perceives it as a get rich quick scheme. Patient and long term investors usually take advantage of the bearish market. These set of investors believe in Bitcoin and are very hopeful that the price would become favorable in the future.

Another reason why people don't take advantage of the bear market is that they believe that the price of Bitcoin would keep dropping.Therefore they are waiting for the time it would be very low so that they can buy. They want to buy Bitcoin at the cheapest price and sometimes it might never get to the price they expect.

Just like into those early days or years of Bitcoin or crypto where everything doesnt really look good as these coins doesnt really have much value which it would really be resulting for you not to get interested on accumulating because you are just basing or focusing too much on the current value and without minding about its future potential which it did really happen after a decade, and now it would really be leaving you
on regretting and keep on telling that you are just too dumb that you had missed out that opportunity on buying cheap.Its true that opportunities doesnt really look appealing or something good.
It would be always particular be showing off those extreme red candles and almost into the floor price which only a few could really see these as an opportunity.