People want the price to rise in order to speculate, when the price rises, there is a correction that will happen.
which means that the price will fall sharply. and you can double your profits easy.
If the price rises to $ 15,000 and returns to $ 6,000, and rises again to $ 15,000, then 200% will generate profits.
same if you have 2 Bitcoin will be 4 Bitcoin.
Topic: Why people are happy only when the price goes up? - page 8. (Read 1532 times)
So I'm waiting on a BTC crash to a value of about $ 1000,- otherwise, I keep the money in my pocket.
From which I think won't be happening because of how Bitcoin progress throughout the years. The thing about 2017 is that the hype of Bitconnect and ICO made Bitcoin known to every part of the world which then even not investors who doesn't even know what Bitcoin is tried to invest in Bitcoin and most of them loss. With that, dump happened and now natural growth is in place. I really doubt Bitcoin would dump $1,000, not with this development and halving taking place. Price will keep on increasing which I think results into people adopting Bitcoin. That's why a lot of people are happy about price going up.
I think you already answered your own question. "People" can be categorize into different groups, and not all of them have the same thought. So when you ask why they are happy when X happens, you're only talking about specific group of people, not the other one.
Into simpler terms, some people are waiting to get into bitcoin obviously they wait for the price to go down and the other are waiting to get out of bitcoin and is waiting for the price to get hike. Basically the logic is simple, as we say that bitcoin unite us, it seems to me that bitcoin makes the competition among us all, pretty like western and eastern beliefs and culture. Now talking about groups the perfect example would be the whales and us the small players, whales can just inject a huge amount in the market and us? we cannot, unless you ready to lose bigtime. In short, if you have a lot of holding (even 0.1 BTC can be a huge number for some) in bitcoin, obviously seeing it read for all day is not good for your mood. Even in stocks market you'll see the same thing. When you're on their position, you'd probably feel the same thing. That's just how we are.
I consider myself holding a decent amount of bitcoin ( as my POV ), some might belittle it coz they can do it higher but little did they know that I am just waiting for the price to go down before entering the market again, our mindset keeps us running to this industry I suppose. 
I sold almost all BTC I owned end of 2017 and the beginning of 2018.
and invested my profit in a nice house and paid my debts.
I really like to see a very low price of Bitcoin because I have limited funds to invest and fear to lose money.
So I'm waiting on a BTC crash to a value of about $ 1000,- otherwise, I keep the money in my pocket.
and invested my profit in a nice house and paid my debts.
I really like to see a very low price of Bitcoin because I have limited funds to invest and fear to lose money.
So I'm waiting on a BTC crash to a value of about $ 1000,- otherwise, I keep the money in my pocket.
Well it all depends on what side of the fence you are on. I for one would like the price of BTC to go up, but not in a hurry as I am not done accumulating BTC and Altcoins of my choosing. My bag and portfolio are very small compared to many others here as I lost too much in the last bear market. So either way I am happy, as long as in the end we all get the results we wish for. I do need though to get more into stable coins so I can always buy that dip. That's the hardest thing, to hedge.
The simplest answer to this question is because most of the people here are holders. you may not know how much they hold but I can say most of them are holders of BTC. that's why we can see on wall observer when the price of BTC is increasing they are like feasting to post some memes and when the price is decreasing everyone seems making jokes about it. but trust me, all they want is to see the BTC price to rise because most of them are getting the benefit when that happens. some people wanted to see the price decrease simply because they want to buy to hold their own BTC and they will just become another addition to those who already waiting for the price to increase.
Everybody wants to make profit with bitcoin or any investment that we have. You have visited a thread where most people are holders of bitcoin and all of them desire to see the price increase and then you'll hear brrrrrrr and kaching! kaching!
The same aspect for those people that wants to add more and missed to buy at a low price. They desire to see bitcoin at a decreased price so that they can take the quantity of bitcoin that's par with their budget. We'll definitely going to be happy when we see our investments growing up.
The same aspect for those people that wants to add more and missed to buy at a low price. They desire to see bitcoin at a decreased price so that they can take the quantity of bitcoin that's par with their budget. We'll definitely going to be happy when we see our investments growing up.
I am among those who are happy when bitcoin prices go up, because I'm holding bitcoin. But many people who are not holding bitcoin
are still happy see the price of bitcoin go up. Because if the price of bitcoin goes up, usually altcoins also go up. Because of these reasons
why many people looks happy when bitcoin prices go up.
are still happy see the price of bitcoin go up. Because if the price of bitcoin goes up, usually altcoins also go up. Because of these reasons
why many people looks happy when bitcoin prices go up.
I think that reason is quite obvious. Majority of people have certain amount of Bitcoins they want to make profit on. Usually they invested some money in it, bought some coins so they want to return their investment and make some money. It's natural. No one doesn't want to lose, especialy not traders.
If you earned your Bitcoin, not bought it then maybe the increase of price isn't that crucial, although when exchanging it to fiat mob everyone wants to get as much as they can.
If you earned your Bitcoin, not bought it then maybe the increase of price isn't that crucial, although when exchanging it to fiat mob everyone wants to get as much as they can.
Those who milk bitcoin will be happy when bitcoin price go up but I love seeing it low. Some as haters: this category aren't investors nor holders but haters of Bitcoin. Whatever they choose to operate with they can't stop the existence of Bitcoin rather will be more depresse seeing bitcoin growing up stronger than before. Me in person, I always wanting the price of Bitcoin to go low for refilling of my portfolios, sometimes buy low is more safe than buy when the price rise to $9k+ because of it volatility. This is what I do as a bitcoin enthusiast and not bitcoin bitches...
There's basically Three sides of people's reaction when it comes to bitcoins volatility or change in price. One is happy when bitcoin's price is increasing, the other one is happy when the opposite thing happens just like what OP said, and the last one is happy on both sides. Cheers to traders, that both became inspired whenever the price goes up or down since there's always an opportunity with bitcoin as long as you know how to appreciate the price. I also call them as positive thinkers since they don't let the market graph determines their trust with bitcoin.
Obviously because of the more money they can possess. Crypto users always looking for that due to the opportunity they see to sell their holding coins. Well, some of us are also happy when it goes down because we can avail it at a cheaper price then eventually sell it at high.
Bitcoin holders and traders are both happy when price goes up because they can easily see profit from it especially to traders that bought low and selling it high is a success and profit is inevitable as well. Relaying on price increase is sign of happiness on both parties because investments should only be a good way if profit is there, even big or small profit is profit no matter what. On the other hand, daily trader people are also happy when price is going down because they can buy more at low price and again sell it when price is going up.
When the price of BTC is going up everybody gets excited because it is a sign of growth and it shows that the industry is picking up pace. For most this also aligns well with increased worth of their assets while for some it may act as a good sign to buy in now that the market is showing green. It's all to do with confidence, people feel more confident overall and they start making investments in the FOMO.
Price increase means profit so its quite normal for many investors to be happy and excited to have another bullrun.
Long term holder like me is waiting for that event to happen since I bought my btc at lower price. So seeing bitcoin increasing is an indication of another profit to come.
On the other side those who want btc to decrease are mostly want to buy but waiting for an opportunity to do it, well its good to buy when there's a correction right?
Indeed. It's quite normal for crypto users to be happy when the price of bitcoin started to go up because it will push them to maintain their long-term investment in bitcoin. But for me, I am happy when bitcoin will have a low price because I will have a good opportunity to buy bitcoin and have a good profit when bitcoin suddenly increase its price. Long term holder like me is waiting for that event to happen since I bought my btc at lower price. So seeing bitcoin increasing is an indication of another profit to come.
On the other side those who want btc to decrease are mostly want to buy but waiting for an opportunity to do it, well its good to buy when there's a correction right?
I don't think that the people get "happy" when the price of a certain financial asset goes up or down.
well when it drops 40% in a matter of hours (minutes?). that feeling you get? man its indescribable.
i wont say "happy" but its almost worth the ride.
Especially in the wall observer, you will see people that want bitcoin's price to get increased. Although, if bitcoin price goes down, it's good for many people too. For example, I want to get decreased so I can buy more BTC
If we assume that there are only people with huge fortunes on bitcoin, then yes, it's too bad if the price goes down. But, except from those guys, there are the ones who are waiting to buy more. We never heard anything from them
If we assume that there are only people with huge fortunes on bitcoin, then yes, it's too bad if the price goes down. But, except from those guys, there are the ones who are waiting to buy more. We never heard anything from them
Dude,are you an adult?Your question seems a little bit childish to me.
I don't think that the people get "happy" when the price of a certain financial asset goes up or down.
Happiness has nothing to do with the financial markets and trading.
Anyway,if I use your logic,people get happy when the price goes up,because they get richer,people also get happy,when the price goes down,because they could buy cheaper Bitcoins.People(at least the Bitcoin supporters) are always happy.
I can't say the same thing about altcoin users. Bitcoin haves that built-in optimism that the price will,sooner or later,hit the moon.
Price increase means profit so its quite normal for many investors to be happy and excited to have another bullrun.
Long term holder like me is waiting for that event to happen since I bought my btc at lower price. So seeing bitcoin increasing is an indication of another profit to come.
On the other side those who want btc to decrease are mostly want to buy but waiting for an opportunity to do it, well its good to buy when there's a correction right?
Long term holder like me is waiting for that event to happen since I bought my btc at lower price. So seeing bitcoin increasing is an indication of another profit to come.
On the other side those who want btc to decrease are mostly want to buy but waiting for an opportunity to do it, well its good to buy when there's a correction right?
Especially in the wall observer, you will see people that want bitcoin's price to get increased. Although, if bitcoin price goes down, it's good for many people too. For example, I want to get decreased so I can buy more BTC
Don't believe everything you see online and don't take things too serious as most visitors of that particular thread aren't as happy as they seems knowingly fully well some sold before the spike in price or are dying inside waiting for a dip to buy into the market but since the whole atmosphere of the threads looks positive and filled with excitement, they just play along not to look odd.
many of us older members sold some (perhaps a lot even) way before the 2017 ATH. i sold coins in the $10 to $100 USD range back in the day. and im not unhappy, i was supporting bitcoin before all those ATMs and payment processors were around. gotta find its use case and test the snots outta it before moon can happen.
the experience in being involved fairly early on in a game changing experiment about sound money more than outweighs having more coins (just speaking for me, dunno how others feel).
now sure we all wish we had more but dont lump all us WOers into some group that sold most or all and regretted it, although you will find some of them in the WO. or lump us in with the whales (but maybe some are there too),
Its for sure, people who are holding bitcoins in order to make profits would be glad if price of btc will increase and on the other hand those who want to collect more bitcoins would be happy if the price is low so they can buy more BTC. I think now is the right time to buy bitcoins because many analysts believe that price of 1 BTC could be over $15k or even more by the end of year.
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