Quote from: Xal0lex on Today at 03:50:50 PM

Quote from: Adbitco on January 09, 2023, 07:52:40 PM

This could be the cause of not properly do some analysis before going into investment, i believe many newbie investors do like jumping into the crypto market when there seems to be all Green, forgotten no one does investment that way rather during bear you could point out the best coin to choose. Solana and ETH will definitely gain back their value, its common and also one thing constant with the entire crypto market. Whenever there's great change you could feels the market will no longer recover but after some while they gain back their previous price but may like take time, that is why investing in altcoins is not that a wise decision but many feels is to expand their portfolio.
Hold tight your bitcoin!

Indeed, many investors make the same typical mistake, they start buying coins that start going up, not when they are at the bottom and you can buy coins at the lowest possible price. Apparently it's a phenomenon in the investing world to see the potential not when a coin is as cheap as possible, but when it has started to get more expensive. And the faster a coin gets more expensive, the more tempted such investors are to buy it

Hehe..
Why is this so common with newbies more especially those that doesn't know the principles of the market. Could it be they are not confident with the price then or wanting to see some changes before they could go into it or just can't say.
I could recall a friend of mine then who have been wanting to invest in bitcoin which he always calls to know the dip part of the price so he could buy some fraction of it, whenever he calls, i will tell him yeah you can buy now because is at a good point were you could buy some reasonable fractions. Do you believed that he never took it serious till bitcoin gain back momentum then, lastly what he did was to say " Let me buy now before i would be left behind" and he did, surprisingly the price dropped, but i advised him not to sell rather hold.