Quote from: ufaiz50 on Today at 01:15:43 AM

Quote from: mr.smith on July 30, 2020, 09:08:19 AM

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. Huh

The biggest reason is that we don't know when prices go up and when prices go down. That is why many join the train even though it is a bit late, just to make a profit. Not many people understand market movements and market analysis, cryptos fluctuate so quickly, so there are many benefits if you are on the right train, and a big risk if you are on the wrong train.

In general you cannot predict anything and any investment is risky, so spend some analysis time before investing. I'm not good at analyzing this market and will usually look for some of the top trading experts at TradingView because they analyze a lot more accurately than me. If the market is trending up, it is a good time to invest but it all stops at the prediction because we cannot be 100% sure.