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[Mahanton]

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

That is mostly the mindset of people who came to invest without real knowledge about bitcoin. And since they believe on it, they start doing the opposite way, buying at a high price and selling at a low price, and certainly end up losing and blaming bitcoin for their wrong decision. However, if they don’t start making wrong decisions and losing their capital when they are still newbies, they will never learn and never grow from crypto investments.

Mistakes are common and this is why we do really learn up things basing up on that experience.Im aint saying that mistake is necessary but it is something an inevitable thing which you cant really be able to avoid.

Panic selling is common, Buying in Fomo is common which its a behavior on where people do usually jump in.Its never been that new that they are really doing such thing.You could really be having the confidence on
buying out if you do see that the market is already in green which you should suppose to buy when the market is dipping or decreasing, it might sound simple but its understandable that its not.
You cant really be able to do such action considering that emotions would be your primary enemy on this time.

[1714768492]

1714768492

[jokers10]

Mistakes are common and this is why we do really learn up things basing up on that experience.Im aint saying that mistake is necessary but it is something an inevitable thing which you cant really be able to avoid.

Panic selling is common, Buying in Fomo is common which its a behavior on where people do usually jump in.Its never been that new that they are really doing such thing.You could really be having the confidence on
buying out if you do see that the market is already in green which you should suppose to buy when the market is dipping or decreasing, it might sound simple but its understandable that its not.
You cant really be able to do such action considering that emotions would be your primary enemy on this time.

Anyone should take account of his own emotions making decision on become a trader or investor. If they are too emotional maybe they should consider investing in some conservative assets for long term and not to look at the market intently not to get too much of losses. I know about myself, for instance, that I'm not calm enough in rapidly changing circumstances so I prefer not to play with trading too much and definitely not to risk with everything or even much.

[Diuyen Kim]

When the price of Bitcoin rises, it looks more real. A lot of people will buy Bitcoin at high prices. When the price drops, they are afraid to buy instead. They fear their funds will be evaporated. Bitcoin prices are low right now, which I see as an opportunity.

[Gallar]

only people who don't appreciate the process who always think like that, their way of thinking is erratic, vacillating, inconsistent and likes to turn directions.

even though it is clear that bitcoin is the most superior, but when bitcoin is experiencing a decline, they run away.

even though this is the best time to buy, instead of leaving.

they said they wanted to make a big profit, but when the opportunity came, they just left, very strange.

people who think bitcoin is sick now, that's wrong!
precisely now is the fertile period for investors, to buy while the price is still below.

[jokers10]

only people who don't appreciate the process who always think like that, their way of thinking is erratic, vacillating, inconsistent and likes to turn directions.
...

Yeap, most people want more money today and feel upset when see how Bitcoin rates to USD are in downward trend. So it is natural that they don't want to buy something that gets cheaper. In the bull market they'll see the opposite process and will be encouraged by upward trend. Psychology. To do not basing on this natural reasons they should learn more about Bitcoin, about investing, about economics, but no one can learn everything. So we'll see the same in the future as human nature hardly changes.

[Adamlaria]

I am not saying that I want to buy expensive ones, I only dare to buy when the price of Bitcoin rises. Although I know to buy low and sell high. I don't know when the high is. I also generally don't sell my bitcoins. I feel safe looking at it in my wallet. I will probably sell when the cryptocurrency bull market comes. I know now is not a good time to sell. Now is the time to buy.

[Marcellin9]

I guess humans are deeply irrational and greedy. When Bitcoin prices are high, most people assume they'll keep going up instead of going down. An investment at the time will be rewarded huge. When prices are low, they tend to think Bitcoin is doomed and it'll be a losss if any investment goes in. However, they never realize or intend to realize that the key to any investment is to know when to get in and out. This not only applies to buying Bitcoin, but also to other trade/investment, and even to life. If we see a trade/investment/life as a whole, every dot must be noted and arranged systematically in order to make things work. The misconduct of next move or bad timing will lead to the failure of the whole thing. To know this clearly, we have to battle against our greed and arrogance. Sad truth is that most people don't see this way and make wrong choices at wrong time.

[adzino]

At least they invested in bitcoin, right? Maybe when the price was $200, those people couldn't afford to invest, but they were later able to afford when the price was at $1,000. Year after, those who has been holding till 2018, did still make profit. Around x20 which isn't bad. Yeah, if they did buy when the price was cheaper, they would have made more profit, but still wasn't it the price rise that actually encourage them to invest? So don't make fun of them. Encourage them to hold and let them know they did the right thing investing in crypto currencies.

[xSkylarx]

I am not saying that I want to buy expensive ones, I only dare to buy when the price of Bitcoin rises. Although I know to buy low and sell high. I don't know when the high is. I also generally don't sell my bitcoins. I feel safe looking at it in my wallet. I will probably sell when the cryptocurrency bull market comes. I know now is not a good time to sell. Now is the time to buy.

That is really the point of OP, newbies can only notice it when it is in green days or at high price since newbies thinking that it keeps rising but the problem is that that is already its peak so it will go down again . Also on red days you keep thinking that it be going down so you will not buy again. Though nothing is wrong at buying at high price but newbies tends to rant in social media about it and also they don't do their own research. Try to understand more the price action of bitcoin so that you will know when to buy or sell.

[Jon_Hodl]

I don't trade with the intent of turning a profit but if you're looking for a safe way to decide when you should buy and when you should sell, a simple approach is just to dollar cost average and then sell when the price is $X above your average buy price and buy when the price is $X below your average sell price.

For example: If you buy 1 BTC at $100 and the price goes to $110, then sell $10 and then you have $100 worth of bitcoin and $10 of crap, I mean fiat.

If the price then corrects back down to $100, you buy bitcoin with your $10.

With this model, you are always buying whatever is at a lower price with whatever is at a higher price. I believe this is called rebalancing.

Again, I don't trade for profit. I just DCA and HODL with a time horizon of at least 10 years.

[Victorik]

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.

Yea, I guess they lack understanding of how it works.
When the price of a token/coin dips, it is an opportunity to bag more. But, not Everytime, especially when you are dealing with shitcoins.

Some prefer to buy high, and panick sell when they see a dip, end up losing their funds, then come back to shout that crypto is a fraud.

[akuntester1]

I am not saying that I want to buy expensive ones, I only dare to buy when the price of Bitcoin rises. Although I know to buy low and sell high. I don't know when the high is. I also generally don't sell my bitcoins. I feel safe looking at it in my wallet. I will probably sell when the cryptocurrency bull market comes. I know now is not a good time to sell. Now is the time to buy.

That is really the point of OP, newbies can only notice it when it is in green days or at high price since newbies thinking that it keeps rising but the problem is that that is already its peak so it will go down again . Also on red days you keep thinking that it be going down so you will not buy again. Though nothing is wrong at buying at high price but newbies tends to rant in social media about it and also they don't do their own research. Try to understand more the price action of bitcoin so that you will know when to buy or sell.

It's true, maybe I think this is because beginners are only tempted by big profits.
Because newbies only catch glimpses of bitcoin growing over time.
They don't really understand how investing works.
And without thinking they invest without doing research first.
When it turned out that the price had dropped dramatically they regretted it and tried to find people who were in the same boat with them by chattering on social media.
Most people who are raving on social media that bitcoin is a scam are those who have never had any investing experience in my opinion.
It's a shame in my opinion because they only show their stupidity with their own words and ramblings.
This is important to understand how the right and proper way to invest before going deeper and using our money.

[jokers10]

...
They don't really understand how investing works.
...

IMO most people in the world don't. Some countries have not so bad economy education at schools but most have very primitive. There is a not bad book for children "A Dog Called Money" but most adults can find out that they didn't know economy even at that children's book level. People usually do simple mistakes when they start investing or trading and basic economy education can solve that problem: some people will lose money anyway as not every investment is prospecting, but we'll have less losses based just on wrong understanding of a basic market features.

[landheer]

I am not saying that I want to buy expensive ones, I only dare to buy when the price of Bitcoin rises. Although I know to buy low and sell high. I don't know when the high is. I also generally don't sell my bitcoins. I feel safe looking at it in my wallet. I will probably sell when the cryptocurrency bull market comes. I know now is not a good time to sell. Now is the time to buy.

everyone has their own way of investing in bitcoin, and I also often buy bitcoin when the price is rising, and after I buy it finally the price of bitcoin goes up even more and finally I get a profit. but now I always buy bitcoin at low prices because I want even bigger profits. so the point is in investing in bitcoin if you buy when it's rising the risk is stuck at the top. but if you buy bitcoin at a low price the risk is not too high.

[mrongoz_imut]

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? 

To get rid of problems like this is very difficult, because almost everyone buys bitcoin when prices soar high, when prices are low it seems as if the market looks quiet, so not many people dare to buy when prices are low, so certainly not many people can collect the coffers of money from bitcoin, only a few people dare to take the risk of buying when the price is low, it becomes clear that currently bitcoin is prepared for younger people who dare to take high risks.

[jokers10]

To get rid of problems like this is very difficult, because almost everyone buys bitcoin when prices soar high, when prices are low it seems as if the market looks quiet, so not many people dare to buy when prices are low, so certainly not many people can collect the coffers of money from bitcoin, only a few people dare to take the risk of buying when the price is low, it becomes clear that currently bitcoin is prepared for younger people who dare to take high risks.

Is this situation specific for Bitcoin only? Don't you think that any investing has the same patterns? It is not always just about being ready to risk, IMO it is even more common about basic understanding of economy, of market and the things like that. Most don't have it. So we can see the same patterns in other situations as well. And that's why it is not so wise to do investing if it is just about risks acceptation, investing should not be a gambling IMO.

[fennic]

There is a reason behind this Because most people do not believe in Cryptocurrency for long term. When they see that there is much hype and many big people like Elon musk are talking, than they say

      " Why Not I should Buy Bitcoin cause it can go to 5x More from my price."

And after that when whales see that now a whole world is longing Bitcoin than Short BTC and make hug profit By Pump and Dump.

[Franctoshi]

This is human nature for people to rush in to buy an asset when the price is rising, when it involves investment on an asset that increase or decrease in price. It takes mind to do the opposite when Pricisly talking about buying Bitcoin and only fews understands and buys BTC when the price drops.
This was the kind of mindset that I had before but this forum has really done a lot in changing my perspective on that.

[Kasabus]

~snip~ unless you are someone who likes high risk, you can make a loan to the bank and then buy bitcoin at the current price. ~snip~

I wouldn't suggest that to anyone, even if he's a person who dares to take high risks.
When dealing with loans, you have a time limit to repay it. If the time's up and you still haven't made a profit, then you're done. It would be better if you buy bitcoins with the money you have, regardless of the amount. If you don't have money, don't be a fool.

Investing in bitcoin regardless of its price should never be made through taking a loan. There is high risk investing in bitcoin alone, so it will only increase the risk more by borrowing some money you can’t afford to lose. That is why never invest when the price is high but always start investing when the market is deeply bearish since the prices are in bargain. And remember to buy bitcoin on your own extra money that you can bear to lose.

[sulendra12]

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.

Of course the "low threshold" on every moment you invest will different. It might be $10k, $100k, $1m, $1 in the future and people still seek for the lowest price possible.
This is why I stick with DCA and when the price reaches $1m or even more, people will be proud with what they put in Bitcoin.
People in reality just reach for the bottom lowest possible, but they don't know how to stop because the price just almost impossible to reach that point especially with the news if you follow at all.

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.

They lack critical information :laughing_emoji:
This is when they just blindly following the number instead of just put a little effort to do some research first. Trend will change.