If people make money in stocks and crypto by buying low and selling high, who is buying the stocks from they are high, and why?

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Let’s just say for example, I bought a stock at $10. Then it goes up to $500

I can obviously make a profit, but why would someone buy it at such a high price?

Is it like the person who buys it at $500 is hoping that it will go up to $1000, then the person who buys it at $1000 hopes it will go up to $1500, and so on?

In: Economics

29 Answers

Anonymous 0 Comments

When you see advertisements for investments, the people who buy those are the suckers. Nobody advertises the great buys

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