Do not buy after the price rises

[Loly 0]

 

The common mistake of almost all new investors is that you buy a cryptocurrency at a time when its price has increased rapidly and in a short period.

 

 Let us assume that the price of bitcoin at the present time is one thousand dollars and without notice it has become two thousand dollars in the first week and then three thousand then five and then seven thousand dollars, do not mistake and think that it will always go up because it will reach the saturation stage and its price begins to fall and this is the nature of the markets, the price correction is coming and opportunities always Repeat.

 

 TIP: Never rush and know that the moment you know the news of a rise in high numbers, it will be too late to buy it, and look for other opportunities.

 

[Yanadia 1517]

2 hours ago, faisalkhabirr said:

There is a common mistake which almost all the new traders make is if the Bitcoin's rate rises up and does not fall for a medium time gaps they get furious and starts buying Bitcoins and this thing brings problems to them. To all the new comers I'm forbidding you guys to not make mistakes like this wait till the price gets down 

Nice suggest is it true some neq trader dont know what time good for doing trading  its  soem get traps on smamers aome juat being rush . The most impotant is learning on tehcnical of trading but aome just doesn't care about it juat like to uses their feelings for auch thianlogil matematic metjod for trading and get profit. Basic on lucky and unlucky is bad idea i think.

[sidik7 1217]

if buying coins when the value is high , obviously you dont get profit and are very sorry about it , so you better prepare various strategies before the coins go up.

[awaiskhan 175]

To some how i am agree with you the fact that if the price of any currency is going up so quickly means that it will sustain at the stage of uprises but again i would like to say to anaylse market is the good way to detect that in which way the coin price will go.

[Muhammad atif iqbal 569]

Yes you right I started trading initially I  buy coims  a high price And after that the market was often down  after that i learned something  That when the market goes up, you should not buy 

[nicolas1234789 2566]

That is psychology condition, when people can't think clear all chance become realistic. We should have knowledge about how to know real movement and fake movement ( correction ). Besides that this is down trend no chance market will rise in high quantity in short time, think before doing and good luck for all trader.

[miskyming 1588]

I agree, do not buy when the price is getting high because anytime the price will collapse, really risky if you buy at the high price. 

[vivek jain 308]

On 12/17/2019 at 2:49 PM, TeknoLightz said:

This is mainly because many people still haven't learn to control their emotions and trade only based on reasoning, for you to be a successfull trader you should be like a robot without emotions and only use your brain for decisions.

actually fomo takes over the emotion of the traders. they think that if it doesn't come down and price goes up and up then i am going to loose.so,they buy at peak and regret later on.always control your emotions in cryptocurrency trading. 

[Slaymind 25]

In crypto market,you must use your brain and experience and always make the right move at the right time.so buy when the price is stable.

[iloveyobit 6599]

Yes, this is an important point that I talked about, it is called Fomo, which means fear of missing an opportunity,The trader buys when he finds a currency that has risen a lot and is expected to continue to rise, but the market is reversed and the currency goes down to that, and it is a big mistake.

Edited December 24, 2019 by iloveyobit

[febriyana 934]

I don't know that is good to apply in any situation. Because sometimes we already buy the coin when the price going down. But the coin prices still going down and also the market don't allow the prices going up so the price stuck there. For us that is bad condition, if we hold for long time maybe can be useless.

So for me the situation when price going up we can still buy it. That is good for short time trading. So we don't need waiting long time to gain profit. But please research first, because not all coin is fit that condition.

[kazumina91 148]

This friend shared a great experience, so when the price goes up, you will become a loss because the shark posted the price to discharge for interest and then buy into it.

[mrking049 260]

Thanks for sharing with us. I agree with you, buy when the price drops, if possible the lowest level, if the price is still above the average or the threshold, "your trading map" is better you don't buy it and don't rush. Some people sell down price then price go up then this buy again. Thanks for sharing your experience.

[Sahbana 212]

In trading if the price of bitcoin continues to rise it is not advisable to buy it, wait for the price to come back down. If we buy in a hurry we will usually get a price that is not in accordance with our wishes.

[khan22 3478]

I am not buying any coin when the price is rising because on that time market is going fast to up ward and we can make loss on that time in the market that coin will comes down any time because market is having limit that how much they are going to high and after that it will comes down again to zero.

[kazumina91 148]

You can buy after a small increase or when the market is following a straight chart, but if the price increases much, there is an entrance into the market you do not buy, so you will lose a lot of it, wish you. lucky

[kazumina91 148]

The topic is mentioned by experienced investors, never buy when the green market increases uncontrollably, the shark is pushing the price to discharge and sell for profit, you should be careful.
good luck

[awaiskhan 175]

It is true that do not buy any crurency at high price and no one can say so surely that in which way the market will go and beside it you will also have to analyse that whether the market is saturated or not and wisely take decision to buy currency and best time will be when u found that price will go up further

[Sohel Rana Sazzad 453]

I will never buy that coin at a higher price after the price of coins increases, so my loss will be the next time when the value of coins goes down I cannot sell those coins.

[urooc 218]

yes it is good to not buy when the prices rise the newbie usually don't know about the prices. so it is good to buy btc when the prices come to stable level.

[Pearls Before Swine 815]

A rising price can definitely be a sucker trap, but sometimes you have no idea whether something is worth investing in *until* it starts to show promise in the form of a rising price.  But as far as bitcoin is concerned, most of us know it's worth buying and we shouldn't wait until it starts going up.  I know I'm not waiting for that to happen.  Buy low, sell high, right? 

 

Looks to me like bitcoin is pretty low right now and has been that way for months.

[mrking049 260]

Yes I agree with you. If bitcoin price will rise. then you will never buy. If bitcoin price is very low then you can buy . and when bitcoin will be very high then you can get huge profit.

[Win 1015]

Yap thats right dont buy at high price of any crypto currency specially bitcoin,always see the chart and always buy low sell high.thats is the best for me.its a win win game all you need is patience to gain profits a good profits

15 hours ago, wilbertson said:

But i think that depends on analysis, some people according to personal analysis they are confident that the coin will surge further high, in that case i do not see the wrong it.

Sometimes it depends on people experts or investors analysis.others are very confident in saying that always buy low sell high but it so hard to apply and even on my own sekf i cannt apply it.sometime patience kill me

[scorpiali 5626]

Agree with that never buy when the price it's so high all the time buy from the bottom but the real dilema is who to know the bottom abd the top price we need to share with us how to know the difference between them

[Nurul Huda 944]

On 12/17/2019 at 7:57 PM, Sahil19 said:

If you see the coin with low price then you can buy a coin with cheap price it will be gives you great profit in future and if the price rise of coin then don't buy

That is a good suggestion for us to take good results because at every price down we will buy it because it is profitable in the future if it is sold when the price is high then the big profit will make us happy.