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[Z-tight]

hahaha, that meme is all over the place on Reddit and Twitter   maybe the reason why people not buying when cheap is because lack of money and fear when the market continue to drop and why people buy at higher price because they might think the price will continue to Rose

I don't believe it is lack of money, but understanding, if they lack money to buy when it is cheaper, how come they now have money to buy when it is expensive . I believe it is all about the fomo. People like to get money fast without having to wait or be patient, when there is no movement in BTC price people are not encouraged to make any move, but once the train starts to move they get motivated because they see it as a way to make some returns on investment very fast for themselves. These people are the weak hands, they drop off the network when it is crypto winter, and jump on again when it is bull time, they never learn .

[1714756669]

1714756669

[Henrobakkara]

Well, I might be wrong but I am guessing this set of people don't really have the spare cash for Bitcoin Investment, meaning, they only want to invest or buy Bitcoin only when they see a confirmed uptrend thereby missing out or at the least making a minimal profit and they will complain like you rightly mentioned.
I believe we all agree that it has always been advised to invest what you can afford to lose or what you don't really need in the near future hence some will only wait till the Bull market, however, this does not mean that there are not others that can not make up their minds to buy even when they have the funds because they were fearful and will still want to wait for a confirmed Bull market, either way, bad decision.

[Inwestour]

This is the sad reality of the thinking trend with the majority of people.... they do not want to buy when the prices are low, because they think it is collapsing. The Bitcoin price has bottomed out for many months around $20 000 ...so people should have realized now that it possibly the best time to buy now.

They wait until it has significantly recovered and when the media starts to notice... then suddenly people jump in and buy at a much higher price. (making almost zero profits or even losing some money.. when it drops again) 

If they don't buy now when the price is so low, then they probably won't buy if the price drops even lower because they'll be waiting for a lower price. But when the market moves up, everyone starts buying, because everything looks very positive, communication comes to life and people convey a positive mood to each other. In this case, part of the profit will be lost, but the majority thinks so.

[Reid]

FOMO is real and it had been scattering like a virus. They won't take the risk and jump forward, instead they wait for the first guy to jump and check if the footing is secured. After that, they still don't have the courage to jump, they will wait for the second guy, the third, and until the millionth one just to prove its credibility.
They always decide when it's already late. I guess more people are having trust issues in this era.

[RockBell]

Looking back at that time period makes me remember how many times the price is falling but people continue to buy and hold during highs, when the opportunity to do so is abundant. When a bull market begins, people start buying and making lower interest than when you buy durable bear market securities, accumulating and selling little when enough profit is made. Looking at the market during 2013, when bitcoin reached $200, it was a significant opportunity to have accumulated enough, but as they say, "knowledge is power.

[KingsDen]

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

This short conversation got me laughing so hard. It is a very short conversation but it defines the character, believe, mindset and fate of millions of people . But one thing is that, we cannot change the narrative. Maybe it was how Satoshi designed it to be

During the next bull run, you cannot image the number of newbies that will join this industry and coincidentally that is when many fake Icos and shit coins would be launched. After the bull their portion will reduce and fake projects disappear, then bitcoin becomes a scam.

[Hamphser]

Looking back at that time period makes me remember how many times the price is falling but people continue to buy and hold during highs, when the opportunity to do so is abundant. When a bull market begins, people start buying and making lower interest than when you buy durable bear market securities, accumulating and selling little when enough profit is made. Looking at the market during 2013, when bitcoin reached $200, it was a significant opportunity to have accumulated enough, but as they say, "knowledge is power.

And people should really be looking on whats currently happening as of this moment on which the price goes down again on 18k price level which people would be even more hesitated or having the fear on buying

cheap This is a very common reaction and perceptions to have in mind is that we dont really love to buy when the prices is declining just like this moment but on the time that it do make out some huge movement
upwards then this is where people do make out their move which is really that something you could really laugh at.If they had just been wise and smart on taking up opportunities on a declining market they they
could really be having those profits on short term.

If you want to buy cheap then this is the time but i do actually laugh about this sarcasm on what op made which is indeed fact the reality.

[Russlenat]

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? 

They will never learned from it even if they encounter a lot of losses. For as long as the greed is there, they will always be blinded with the high prices and tempted to buy again and again when the market is on top. When they have no funds at all left to buy, maybe that’s the time they will realize that their strategy is not working , the reason why they keep on losing.

[Marykeller]

That's human beings' reasoning. We can't change it. Some beings have built on a character that they can't believe that bitcoin can make them rich in a short or long time depending on when they invest. They only invest when there is a rush in the market that bitcoin is skyrocketing in price.

I have a friend that I have been convincing for quite some time to invest in bitcoin, but he's so adamant to invest in bitcoin. His reason for not investing is that he can't invest in what he doesn't know his future price tomorrow and he can't hodl bitcoin for so long waiting for her price to moon

[drwhobox]

hahaha, that meme is all over the place on Reddit and Twitter  maybe the reason why people not buying when cheap is because lack of money and fear when the market continue to drop and why people buy at higher price because they might think the price will continue to Rose

For me it is  lack of money, I always try to buy when the price is down, and also I suggest people to buy when the market is bearish but it is always the same answer - What if bitcoin is gone forever?

I stopped suggesting people for now.

[Sanitough]

This serves as an example of what is actually taking place in the bitcoin market. I still clearly recall how many people I know were extremely disappointed that they hadn't purchased any bitcoin when it reached a high of $69K. However, now is the perfect time to do so, even though they believe it will still drop below this level before they do so. Purchasing gradually while the market is currently bearish would only result in greater profits, no matter how small, as opposed to missing the chance to purchase anything at all now.

But that’s not how the newbies in the crypto market think. They always believe that bitcoin is a good stuff to buy when it’s price is surging, believing that it will skyrocket again and give them their expected profits. But in real life, things are happening the opposite way. Instead of seeing more of a pump, bitcoin price suddenly drops its price after reaching its peak, and then they start panic selling and losing. If they will stick to what they believe, these newbies will never gain good ROI regardless of how often they lose in the market.

[goldkingcoiner]

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? 

I think it has something to do with human psychology. Whenever something drops in value suddenly, there is a panic that its become a dangerous investment. This is very understandable. I mean look at what happened to LUNA. Anyone who got out in time was lucky to have done so. So in such cases, being suspicious of the dump was the right thing to do. But then again the crash was due to the shitcoin itself that collapsed. Not because of short term FUD.

But when it comes to Bitcoin FUD based dips (like right now with the entire FTX and seized 50k Bitcoin drama), we have learned not to sell on such news because in the long run, it does not affect the value of Bitcoin at all. Its still going up. So every FUD dip should be seen as a discount price.

[yudi09]

Looks like we may get to buy cheap bitcoin soon after all. The situation with FTX does not look good at all. It has LUNA written all over it. $20,000 is cheap but we might get the chance to buy cheaper in the next week or so, something to keep an eye on.

The beginning of the second week of November provides an opportunity for us to buy Bitcoin at a price below $19k because the price of Bitcoin is currently selling at $18.2k per 1 BTC. Is it possible that it's caused by an FTX problem?

It’s all a moot point long term though, it won’t matter if you bought at $15,000 or $50,000. We are going to $100,000+ before 2026.

It will always make us smile happily when we hear things like this. There's no reason for us to refuse because we always believe that Bitcoin will hit $100k or more in that year.

[Yatsan]

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.

Those people are basically in doubt and are not sure of its capabilities, but that's just fine. Your task is to share your knowledge about it and avoid forcing him to do so because he/she will just be pressured. That is only if that person you want to invest in Bitcoin, is important to you but if not just let them be because you'll take the blame everytime the market value falls. Same thing happened to me way back 2017 wherein a friend of mine asked where I invested my money then I shared this technology towards him. I also discussed the risked but what he saw only is profit; he disregarded possibilities of losing. When thr market crashed he was mad at me because he thought that I fooled him. We never spoke to each other again. He also chose to liquidate.

Last year when its msrket value broke the ceiling, I saw him posting stuffs LOL.

[Antonas1]

~snip~
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. ~snip~

It will never end for people who only hear "bitcoins can make you rich" from people who already have bitcoins and then make a profit by selling them at high prices. They fear not getting the same "golden moment" if they buy now, then decide to see if there will be another rally.

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

Haha, they think Bitcoin is sick, and only recovers from disease if BTC makes a new ATH, and that's the time for them to rush into buying.

[fuguebtc]

hahaha, that meme is all over the place on Reddit and Twitter  maybe the reason why people not buying when cheap is because lack of money and fear when the market continue to drop and why people buy at higher price because they might think the price will continue to Rose

For me it is  lack of money, I always try to buy when the price is down, and also I suggest people to buy when the market is bearish but it is always the same answer - What if bitcoin is gone forever?

I stopped suggesting people for now.

If in the case of someone who doesn't know anything about bitcoin, you give them the advice to buy bitcoin, of course they will disagree. Instead, if you want people to buy something that's going down in price, you have to explain it to them, at least show them its history of growth, the price at which bitcoin hit its previous ATH...people who are panicking and don't dare to buy bitcoin when the bitcoin price drops because they don't understand bitcoin, they won't buy something they don't understand.

[dansus021]

For me it is  lack of money, I always try to buy when the price is down, and also I suggest people to buy when the market is bearish but it is always the same answer - What if bitcoin is gone forever?

I stopped suggesting people for now.

Hahaha same here especially since bitcoin is a risky investment, not everyone will like a risky investment. but like I who live in the developed country buy crypto like this with high amount will become lot of thinks in my minds

but keep suggesting people since high risk high return when you can tackle up the volatility 

[tjtonmoy]

The thing is it has a lot to do with the way human minds are created. We are always afraid to lose to our emotions and self-doubt. That's what keeps us in doubt in every step in your life.
If we succeed we get confidence and motivated to do that again. if we don't then we just stay away from that.
But it doesn't end there. certain actions leads to confidence and failure in that same situation can make us to stay away from that too.
If you can overcome that fear and let yourself have faith in yourself that i think many people won't face this such thing.

Yet again that is not how we are created. In a certain point of our life, we will doubt what's real if we can't see the results.

[m2017]

The thing is it has a lot to do with the way human minds are created. We are always afraid to lose to our emotions and self-doubt. That's what keeps us in doubt in every step in your life.
If we succeed we get confidence and motivated to do that again. if we don't then we just stay away from that.
But it doesn't end there. certain actions leads to confidence and failure in that same situation can make us to stay away from that too.
If you can overcome that fear and let yourself have faith in yourself that i think many people won't face this such thing.

Yet again that is not how we are created. In a certain point of our life, we will doubt what's real if we can't see the results.

There is nothing wrong with doubt. Just need to use them correctly. For example, doubt can help avoid the stupid investment of shitcoins if it quells greed. In the case of bitcoin, there are fewer doubts every year, and more and more people who trust it. And it looks like the credibility of bitcoin is growing even more with each successive cyclical increase, which encourages people to buy at precisely the moment when the price is high. They are guided by the fact that if the price has risen, it will definitely rise again, which looks naive from the point of view of those who have seen bitcoin cycles.

[jokers10]

It will never end for people who only hear "bitcoins can make you rich" from people who already have bitcoins and then make a profit by selling them at high prices. They fear not getting the same "golden moment" if they buy now, then decide to see if there will be another rally.
...

I think that the time when Bitcoin could make rich mostly every supporter are over. Yes, it is still volatile so some earnings can be achieved and nowadays, but Bitcoin will not get 1000x no more. So it becomes rather an asset for keeping savings: may be it will not give you an opportunity to get really much, but it's nature is deflationary so in the long term it will not loose as much of spending power as fiat currencies.