/biz/ - Business & Finance

i literally never was in green

You silly bulls have said we're going back up for nearly a year now

>>12129475
Keep buyung to average down brainlet

>>12129001
Well there are many reasons, but here are common ones:

1. People want to buy when there's excitement and hype, it becomes more socially acceptable to buy when everyone else is (green)
2. People feel more comfortable buying when the price is going up (green)
3. People are greedy and don't want to sell when prices are going up (green)
4. People are scared to buy when prices are going down (red)
5. People are dissuaded from buying when prices are going down due to FUD etc. from the media (red)
6. "Don't try to catch a falling knife" idiom applies, people do not want to buy when price is falling because there is a good chance it will go lower (red)

>>12129477