Why does everyone think the same? I mean it shouldn't be like this right? I have been long enough to hear "buy low, sell high" a million times so far, and it has always been said when the market is low, but for some reason, people still do not feel hopeful when the price is low.
They only know "buy low and sell high" but they don't know what is a considered "low" on those coins. They are waiting for low price but they have no idea when is the "actual" low price. Just imagine they are waiting until the lowest price possible but in the end the price is going opposite of what they are thinking so far, that's what most people failed on trading because of that kind of mindset.
They only know the "phrase" but they don't know how to do it in real case. What a shame.
No one really knows on what would be the "low" when it comes to price yet its never been predictable in the first place which means that decisions would really vary or totally different to each other
because we do have different decisions when it comes to these things on where we do make our own analysis and differ from time to time.Whether we had able to get in on the sweet spot
or just too early or just too late.No one really knows thats why we are really indeed need to take risk on every decision that would be made.