Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Vietchong on August 06, 2020, 07:19:06 AM
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I notice that when there the price is going up so many people are joining the train and they also buy because the price is going up and they are going to make a profit, why people are not buying when it is down when the price will eventually go up and they can make a lot of profit. ::)
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FOMO clearly explains why this is a part of our human nature to be doing what many people are doing. Let me delve deeper...when something is not yet trending there is that fear that things will not be working soon as it should be so when people are seeing that something is rising there is that temptation for them to also join them. This is just like an avalanche, when nothing is moving things are boring but when something is brewing people are noticing. And there is that danger of a trap in here.
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Perhaps it is the human psychology because when the price is down they think it is going to go more down so they do not buy while when the price goes up they think it is going to keep going up that is why they chase the price.
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If people are selling then people are definitely buying as well. When a token/coin is trending then it's more known hence new investors will join the train but when the trend goes down, panic sellers tend to panic and give up the train. That's just how it's always been.
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they follow the trend when the market improves as it is now an opportunity to obtain an advantage if you have a large capital this time good enough to make purchases because bitcoin rose rapidly until this point I think all trade has a risk if people take risks in time right then definitely get the profit.
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People tend to fomo when they see that the price of a coin is going up because no one knows exactly where the dip of a coin is going to bounce up, that is why it's good to always buy in bit when a coin is dipped, dollar cost average is a good option
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The economy is changing rapidly, and businesses must adapt to new situations. The traditional financial system is grappling with an unbelievable recession, which is why asset markets are changing hourly. When the price increases, it is the same company that is stable and growing
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I notice that when there the price is going up so many people are joining the train and they also buy because the price is going up and they are going to make a profit, why people are not buying when it is down when the price will eventually go up and they can make a lot of profit. ::)
Once the price goes down, the company may not be able to catch the trend or it may be because their economy is unstable, leading to a fall in the stock price.
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That's just plain old FOMO. I used to be it's victim in my early crypto days, but I overcame it with time. Trading or investing needs a level head and a functioning brain
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They assume that when the price goes up, it will continue, so they are sure that they will not lose when buying it because the price will continue to rise. But I don't think everyone is like that, I myself often buy when the price drops. Because buying when the price goes up has a very high risk.
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Do you have any ideas about it? In this case, not about the price up or down. But the supply and demand at that time where many people are going to purchase the coin. And some people e may also choose buying at the right time to get any profits again when the price goes up.
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I guess it is because most people only target a short term profits and follow the hypes. Currently, we rarely saw people who want to buy coins for a long term profit. Most of them only buy crypto coins for instant profits and hurry to convert the profits to fiats. In addition, people now are likely also easy to follow hype even if they don't know whether it is a good or bad choice.
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FOMO clearly explains why this is a part of our human nature to be doing what many people are doing. Let me delve deeper...when something is not yet trending there is that fear that things will not be working soon as it should be so when people are seeing that something is rising there is that temptation for them to also join them. This is just like an avalanche, when nothing is moving things are boring but when something is brewing people are noticing. And there is that danger of a trap in here.
Yeah, FOMO is the cause of this phenomenon, people tend to look for opportunities in successful examples and think that they will make a profit in time if they behave like the majority of people in the community. In the opposite situation, they will also sell off crypto when the majority of people are selling.
Even me & you who understand FOMO are not easily free from its lure.
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Many leading stocks are still posting incredibly high sales and profit growth even when stock prices are falling. This is the early warning shown on the price graph before they appear in the underlying factor data (such as weaker sales and profits and the difficulties the company faces). Maybe institutional investors foresaw this and they start taking profits, or maybe the overall market is weakening.
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It's because they want to make profit in a short time. Once the price goes up then that's the perfect time to buy. That's their strategy we have different strategy to make profit. It's up to you if you want to buy at down price, that's good idea.
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Traders always used opportunities. They buy when they hear good news about a coin and tend to make profit. They move from projects to projects for certain profits.
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Cryptocurrency market always unstable in nature and nobody knows when, how, what is happening? I don't know the future predictions of cryptocurrency. So i already sold my all assets when bitcoin under 9000 usd dollars per bitcoin.
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usually, those who buy when the market goes up are just beginners...
an incumbent player knows that the best time to buy is when the price goes down and the best time to sell is when the price goes up.
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it's important to keep investing money even if the market is dropping. ... Think of it this way: When the market drops, your mutual fund shares are basically on sale—you're getting them for a lower price because the market is down. It's the time to buy—not sell
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you are right, some have doubt mind before whether there will be a rise, so since they saw small rise they are gingered and the rise still continue after investing so they influence others to join the train in other for them to also benefit from the current trend.
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When cryptocurrency is growing, people think that it will go on endlessly ... The effect of a "departing train" arises ... Therefore, it is difficult to resist the temptation to buy cryptocurrency ... This action often leads to losses ....
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Naturally people buying cryptocurrency at a higher rates and selling cryptocurrency at lower prices. Because selling cryptocurrency at a lower rate, people always feel need and every moment they need money. So filling demands they sell at lower prices.
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I notice that when there the price is going up so many people are joining the train and they also buy because the price is going up and they are going to make a profit, why people are not buying when it is down when the price will eventually go up and they can make a lot of profit. ::)
Yes mate, everyone had his or her strategies in doing crypto business despite FOMO( fear of missing out) currently happening. If you are a good forecaster, you may agree with me that some traders, investors or holder's must had analysis of the market trend for the upcoming days to make their buying decisions. If you have good knowledge of the market, you can participate, and may be the bull run might continue.
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In fact people are more afraid to hold coins or tokens when the price goes down and more sell. They will buy when prices start to rise and there is a lot of good news about the coins they buy
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In this case, emotions are triggered more than logic. When the cryptocurrency is already growing in price, this is obvious and everyone wants to make a profit from this. So people invest in the hope that growth will continue.
When a cryptocurrency falls in value, many people feel uncertain that it will rise in value again after some time. This can only be calculated by people with extensive experience and knowledge of the cryptocurrency market.
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Let me tell you this a Forex Trader since years.
you'll never catch a bottom (buy the lowest) or sell the high (sell at the highest price point), these 2 facts means you're a trader.
So buying a high is sometimes profitable because you didn't miss the bull wave & you'll reach many more highs in the process. So it's not necessarily wrong to buy the highs & sell the lows.
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I notice that when there the price is going up so many people are joining the train and they also buy because the price is going up and they are going to make a profit, why people are not buying when it is down when the price will eventually go up and they can make a lot of profit. ::)
Some people do not understand the chart of crypto price movements on exchanges and people who buy coins when the price goes up they have their own reasons and they hope the price of the coins they buy will go up again, so they get a little profit.
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The boomers made money in the Stock market. It is time for young people to make money in the crypto market.
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People usually trust more than what they see with their own eyes. When a cryptocurrency rises in value, they are afraid to be late in making a profit due to the real increase in the price they see. When a cryptocurrency falls in price, they see only a decrease in price in this, and this scares them. Only the more experienced understand that the longer a cryptocurrency grows in price, the less chances it remains to see its further growth and the more likely it will fall soon. Thus, even at the very peak of the price, a lot of people continue to invest in the cryptocurrency that is growing in price.