Post
Topic
Board Altcoin Discussion
Re: Why people are buying when the price is going up and not when it is down
by
cryptothreads
on 18/09/2020, 13:19:55 UTC
usually people follow market trends, for example coins that are on the rise in the market make most traders want to take part in them even when prices are high, but after their own research results .. and IMO, this is what I'm worried about if new traders who don't have knowledge of crypto or have just joined the industry and are unable to manage their financial management properly will lose quickly.
Before trading or investing, you need a strategy to ensure your risk is minimized. In addition, it is necessary to evaluate all that is going on to choose the most appropriate time to trade.

This is something an investor needs to know when entering the market, but if the market suddenly collapses you should also cut your loss when necessary.