“Buy high and sell low” is more than just a meme here: Why does this subreddit almost exclusively reward bullposting at highs (stimulating buying high) and bearposting at lows (stimulating selling low), and does not appreciate different perspectives?

**A key “aspect” of this subreddit is that this place functions in a way that stimulates buying high and selling low.** While we are supposed to see opportunity after red candles and be cautious after green candles, the opposite behavior is stimulated and rewarded here by upvotes/moons. **Moreover, most opposite views that work against this “buy high and sell low” approach are ignored or even actively downvoted.**

Let me give some examples of what I mean:

​

# Bullish and only (rewarding) bullposting near ATH

When Bitcoin was between $50K and $69K, this subreddit was INCREDIBLY bullish. Almost everyone believed that Bitcoin would go to $100K+ and Ethereum to $10K+.

Hence, *only* bullish posts or comments were upvoted. People who tried to share a bearish perspective or tried to warn others to not FOMO were largely ignored and often actively downvoted. On the days of ATH, most of the top comments in the daily look like this:

[51 upvotes. Now down 90%+](https://preview.redd.it/vgfovsbj31ea1.png?width=497&format=png&auto=webp&v=enabled&s=c1c07d8801db62e4bb0cc1d6c330ccba1ec777ab)

#

# Bearish and only (rewarding) bearposting at lows

When Bitcoin was between $15K and $18K last year, this subreddit was INCREDIBLY bearish. Almost everyone believed that Bitcoin would go to $10K.

What happened? The opposite relative to ATH. O*nly* bearish posts or comments got (lots of) upvotes (“But the macro!”). People who tried to share a bullish perspective or shared that they bought were largely ignored or even actively downvoted (although there are some exceptions!). On the day of Bitcoin’s low, most of the top comments in the daily look like this:

https://preview.redd.it/d2fcfnko31ea1.png?width=940&format=png&auto=webp&v=enabled&s=37e1c980bbc41c2e5bfee290f47826e68f3909ea

#

# And now -after a 50% Bitcoin pump- we are starting to see more love for positive perspectives

After months of bearposting and a 50% Bitcoin pump in a short timeframe, positive posts are finally more welcome. Hence, you see posts and comments about FOMO that get rewarded with upvotes. The top comments in the daily suddenly include comments like this:

https://preview.redd.it/esjmqzjs31ea1.png?width=940&format=png&auto=webp&v=enabled&s=739268001d66e148cfd8a2d1f56d0fa8ace8e743

Not exactly ideal either as we just had massive green candles and are close to major resistance.

#

# To conclude

Why is this important? Well, **while users should not invest solely because of anything that is said on this subreddit, unfortunately I do think that this subreddit influences a lot of users’ sentiment and buying behavior in terms of both choice of projects and moment of buying/selling**. It is no coincidence that a lot of our portfolios are similar yet very different from other crypto places (e.g., Twitter). The reach we have with some posts is also insane. Some posts get more than a million views.

**Hence, by only rewarding bullish posts at tops and bearish posts at bottoms and especially by downvoting different views, we are in essence helping newer people here lose money and making it more difficult to buy low and sell high. So, if you agree, what can/should we do about it?**

#Buy #high #sell #meme #subreddit #exclusively #reward #bullposting #highs #stimulating #buying #high #bearposting #lows #stimulating #selling #perspectives

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Connect-Ad-1088

its an echo chamber…..

Soft-Lie-434

This sub reddit is dead. Populated by kids who only aim to farm moon. There are no more ta, coin analysis, shill, not even the sentiment is right, they are bullish when it s time to be bearish and bearish when the rest of the world is bullish.

CaptainSebz

If you haven’t realized it yet, most people here are mentally handicapped.

Crypto go boom boom they scream and buy

Crypto go doom doom they cry and sell.

MaeronTargaryen

I guess it’s to do with human psychology.
– If you see green for weeks you’re so excited you think that it’s never gonna go down again.
– if you see red for weeks you’re despairing and you think that it’s never gonna recover

That’s why you have to discipline yourself and understand that it’s better to buy when it’s cheap. But some people never learn I guess

Motherbiatch

Because people don’t know shit about fuck and lost are shills that are paid to talk shit

drinkmoreapples

Much heavier moderation on shit price posts

theyfoundDNAinme

Basic Human Nature

HerrW00dy

So you are asking this sub why this subs criticises different opinions on this sub?

Federal-Smell-4050

Market psychology

Good-Book-6912

Because exit liquidity. DOH!

nusk0

In times of high volatility, this sub is a great ressource of information, but you absolutely have to do the opposite of what everyone is saying, otherwise you get dragged into Fomo or fear and you risk making emotional decisions.

car98sul

Buy high, sell low. This is the way.

meeleen223

To conclude: Just do the oposite of what the sub sentiment is – buying when it’s tough and going against the grain is how you get rich

I bet most people here don’t belive Moons can go to $100

This is not a moonfarming advice

bbtto22

Because people like to see other people going parabolic this exists in everything, sports movies porn you name it.

z0uNdz

Because no one knows what will happen. So a different perspective before the reality hits of it was right or not isn’t even a thought

Fuglypump

Sometimes I wonder about it too, like maybe there is the mindset that you can raise the floor price of a currency if enough people buy high then hodl instead of selling, bagholders don’t sell so if the amount of bagholders increases then maybe the selling pressure will decrease too.

That theory kinda goes down the drain as soon as you start to compare the price action caused by retail and institutional investors though.

[deleted]

[deleted]

Odlavso

look the only thing I want to know is when bitcoin will hit $12K, I’ve been holding off on buying until then at it only seems to be getting higher everyday.

Odysseus_Lannister

There’s a popular sentiment delay between what’s actually going on in crypto vs the hivemind here. When things start to go down, many moonpeople are over invested and think it will just rebound and return or go higher. They get salty over time throughout the bear and become jaded to the point where any upwards movement is a suckers rally and they ultimately miss out on the subsequent run from being jaded.

Who wants to be told that the gravy train may be ending when everyone is in the green? Who wants to be told that the bad times might be over after being 80-90% down and actually believe it?

This is why I theorize there’s a delay probably due to dissonance between the actual market and sentiment. It also doesn’t help when upvotes are weaponized for moons/visibility

zoomercoomer9000

I agree the community needs to give more exposure to counterarguments. One issue might be the underlying financial incentive to going along with the crowd (higher karma —> more moons —> more $).

As to what can be done about it, I have no idea. Ideally you want well-written arguments to have equal exposure on here, but the current distribution model incentivizes consensus – not balance.

Nautixx_GER

You buy when bear and sell when bull, not the other way around…

42326041

Thats the basic human emotions at work. Trading is more about balance in emotions and patience than FA- TA. Everyone is excited in bull days, if its going up then its going up to 100k, everyone is depressed in bear days, if its going down its going down to 10k. Of course not everyone, those who set their profit targets and stop losses, DCA in and out, usually win.

GaRGa77

Bots rule reddit…

vjeva

Sometimes I rather read an honest FOMO driven user comment than an actual boring analyst who has done all the TA and still gets it wrong on this sub.

The real problem here is the following IMO:

Why are people listening to FOMO driven users in the first place?

Probably because they think: *”Phew, I am not the only one who feels like this, I might do the same”*

Yes, it’s becoming a gamble, but in the end everyone is responsible for their own actions. Nobody is forcing you to actually listen to anyones advice.

TopAlert2383

I buy and sell when the Fook I want kind sir.

ImportantFuturez

get in where you fit in

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