Why people are happy only when the price goes up?

[Janation]

I think it is not always about profit.

I think those people wanted Bitcoin to really flourish, to be known in the world, and when the price drops down, they get disappointed. There are also those that 's just waiting for their profit too. For me, it is great when the price increases but when it drops it is also great since I was late to invest on it and I wanted to find timings when I can invest again.

[1715477835]

1715477835

[kawa900jc]

....
- Thirdly there are people who want to buy bitcoin but waiting for the lower price.

That's me.
I really believe that Bitcoin is overvalued.
It can rise to $15k but it shall fall down and imo a level of $3k is more likely.
So I keep my money in my pockets and wait....

[jhonjhon]

I buy Bitcoin when the price at the bottom and looking forward to seeing its market price will have a jump in the future so I can have profited from it. This is the common reason why people get so happy during the market surge. The worth of their trust and patience is being paid off and that it helps them to keep believing crypto as a way it makes their life to change.

[Reatim]

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 

What do you want people here to do?rejoice when there is a Bearish market?

Of course people will always look for growth so they can at least sell some of their Holdings.
But it doesnt mean that NO people here who's being happy when there is a dumping happening because people like me are neutral since i am willing to Hold for long.

I can be happy when there is a Bull because i can sell again.

I can be happy also when there is a Bear because i can Buy again.

[masphie]

just 1 reason, because they hold bitcoin for get the profit. And in time, bitcoin pump below they get yesterday or weeks....i think they will very happy with this situation.

[CarnagexD]

they will be satisfied if the coins they hold for a long time can be sold when the price rises, therefore an increase in market prices is certainly very much awaited by people who hold bitcoin for a long time, and vice versa those who want to invest in bitcoin certainly expect its value to move down to its lowest point in order to be able to get bitcoin in quite large amounts

Satisfaction towards the price of bitcoin is always there once they earn profit from the increase in bitcoin's price. But if it is not moving in the market and the price is still in a downward level then, it means that you are experiencing losses and most of the investors are afraid when that happens.

But bitcoin is bitcoin, it is really volatile in the market and no one stop bitcoin from changing its price depending on the season.

If investors are trusting bitcoin so much, he should be happy once the bitcoin goes up because it is really worth it for a huge investors to have enough or more profit during peak season of bitcoin.

[Benefactor]

The price of Bitcoin is never stable, it is fluctuating, its price fluctuates. Both the price increase and the decrease are good for people of two classes. The good news is that those who have not invested in Bitcoin but are willing to do so will be able to buy more Bitcoin. In other words, raising or lowering the price of Bitcoin is a matter of happiness for both new and old investors respectively.

[flippener]

I agree with @Benefactor if you're a bitcoin believer. Long term you want it to go up, but short term you want it to go down so you can acquire more.

And if you're good at trading (or have a trading bot) you want it volatile all the time because you can make money even when the average price doesn't change.

[BITCOIN4X]

The price of Bitcoin is never stable, it is fluctuating, its price fluctuates.

Fluctuations have become an inseparable part of bitcoin and other cryptocurrencies. All traders seem to know about this and most of them use fluctuations to make a profit. I think a new trader is not advised to buy more bitcoin before they know exactly how bitcoin prices actually move. If they only rely on their feeling without doing an analysis, they will fall into poverty quickly.

[ReiMomo]

I think the correct phrase is that "people who have already bought bitcoin are happy when it goes up while when it goes down they are happy those who want to buy it".

That's a correct perception, not all people will happy if bitcoin price goes up. Does who people who are ready to invest in bitcoin are waiting for a great opportunity and hoping when bitcoin price will down and invest when seeing the market is bleeding. But those who already bought bitcoin are waiting for profit and maybe they will happy if they saw their profit was there when the price of bitcoin goes up.

That's why if you are very lucky who can ride the wheel of fortune, and buy when bitcoin price is down and sell when bitcoin price will go up. I'm sure you will extremely happy, I guess.

[coolcoinz]

I agree with @Benefactor if you're a bitcoin believer. Long term you want it to go up, but short term you want it to go down so you can acquire more.

And if you're good at trading (or have a trading bot) you want it volatile all the time because you can make money even when the average price doesn't change.

I'm a believer and I don't want it to go down at all. I have enough and I'm not buying more precisely because I'm a believer and I've acquired all that I wanted to hold years ago.
For me it's black or white, there's no gray area. You either are a believer and buy it as it is, or you are not and want it to go down. If you think Bitcoin isn't worth 9k USD then you are not a believer.

[GDragon]

I think the correct phrase is that "people who have already bought bitcoin are happy when it goes up while when it goes down they are happy those who want to buy it".

That's a correct perception, not all people will happy if bitcoin price goes up. Does who people who are ready to invest in bitcoin are waiting for a great opportunity and hoping when bitcoin price will down and invest when seeing the market is bleeding. But those who already bought bitcoin are waiting for profit and maybe they will happy if they saw their profit was there when the price of bitcoin goes up.

That's why if you are very lucky who can ride the wheel of fortune, and buy when bitcoin price is down and sell when bitcoin price will go up. I'm sure you will extremely happy, I guess.

Yep, and i think it also depends on your objective as of the moment.  If you are into buying when btc goes up, then you'll not that happy if it goes up, specially if you think it will not go up any further, your kind of late in buying. If you are holding btc when it goes up, then you'll surely be happy. I think OP is just wondering why he only heard people being happy when btc goes up, isn't it normal? I think there are a lot of holders than those planning to buy as of the moment.

I also see the opportunity when btc goes down, but its kind of a different kind of happy, there's the risk. I'm more happy in the phase of earning already(price going up when I am currently holding btc), not in the investing phase. So we are much vocal about our happiness when the price goes up than when it goes down.

[Youghoor]

Lol, I think this is a rhetorical question in my honest opinion @OP. I mean, who does not love to see his investment grow and mature with profits. Even tiny profits made are appreciated how much more when the returns are great and consistent like running a masternode investment.

[Genemind]

The answer is obvious. There are a lot of people who have invested in crypto at a good price and had been patiently waiting for the price to climb. Who wouldn't be happy seeing BTC price going up. However, not all people have the same thought, some people are looking for a good price to buy back, especially before a bull-market, so I wouldn't say everyone is happy when price goes up, only those who are already holding BTC.

[spike420211]

You're correct about that but in the end they will also want the market price to turn up.

It is not necessary what exactly at the end of the same day, experienced traders perfectly understand what they are doing.
Any significant market movement is followed by a pullback in one direction or another, which allows us to speculate on this.
In addition, looking back, we see how people’s attitude to Bitcoin changed every time its price fell sharply or, on the contrary, grew at a rapid pace.

[ChiBitCTy]

It all just depends on which side of the board you are on really.  If you hold a good amount of bitcoin you're likely to be happy when the price goes up.  If you don't and you're more currently a buyer than you're likely to be happier when its down some.  Pretty much as simple as that.

[Yatsan]

It seems that people only appreciate the importance of the coins when it is on the rising spot specially for those who are holding coins already. Actually people are always happy that the ones they invested or have spent their money with goes up for the sake of earning profit in exchange. That was just normal reaction for people since everyone do really want to earn on this industry. But we must not just only focus or appreciate when the prices goes up for the fact that when prices goes down gives other people to buy at a lower rate of price that is more chances of obtaining coins that will be hold and sold once the price rise up again. Actually the appreciation when the price changes depends on the individual himself because most likely, there are different ways how an individual sees it when the price goes up and down. It is just that both ways are beneficial depending on the goal you wish to attain.

[ololajulo]

I want to get decreased so I can buy more BTC

Have heard and seen this sentences several times but this same set of people did not buy in March dump and previous dump last year, they were scared it could go down more. They will ever be scared to take risk that is what old crypto enthusiats dont seem to consider in buying at lower price. For bitcoin which is most reliable asset in the space with the safety of the purchase, traders will make profit any time of purchase, whether bear or bull,The only question will always be... when?

[carlfebz2]

It seems that people only appreciate the importance of the coins when it is on the rising spot specially for those who are holding coins already. Actually people are always happy that the ones they invested or have spent their money with goes up for the sake of earning profit in exchange. That was just normal reaction for people since everyone do really want to earn on this industry. But we must not just only focus or appreciate when the prices goes up for the fact that when prices goes down gives other people to buy at a lower rate of price that is more chances of obtaining coins that will be hold and sold once the price rise up again. Actually the appreciation when the price changes depends on the individual himself because most likely, there are different ways how an individual sees it when the price goes up and down. It is just that both ways are beneficial depending on the goal you wish to attain.

Most people or investors do really have that common goal or target in mind which is to make money and next would be accumulating much more cheaper coins.

This had always been like this and it is indeed just normal for people to be happy when price goes up specially when the price go over on the amount on where they do purchased.

Profitability will depend either you do sell directly when seeing gains or wait for a bit more.It depends on what would be the course or set of action you would make.

[alani123]

Many people got into bitcoin with the wrong intentions and at the wrong time. There are quite a few people that are bagholders and would rather not hear or see anything else other than crypto going up all the time. I think it'd be in anyone's interest to act similarly if their buy in point was much higher than where today's price is at. But then again, these people just can't be happy that bitcoin doesn't seem to be getting in a bubble right now. All some people want is to offload some of their bags and be done with it. Given the volumes during the previous bubble, I'd venture to guess that there's quite a few such people.