Why people are happy only when the price goes up?

[rodskee]

Because they only think of profit. They do not understand the benefits of lowering the price of Bitcoin. This increases the chances of investing more in Bitcoin. This is a great opportunity for new Bitcoin investors. However, for those who have bought Bitcoin at a very high price, it is actually a lot of sad news.

There are people who are just aiming to have a quick benefits, traders who are being sad when
experiencing huge losses due to market movements.
But to those who understand how volatilities can bring favors, both sides of market run can be
turned into  a favor if you position yourself to the right place.
Bitcoin, aside from being an alternative currency also serves as store value of investment, so most
who holds and keeping prefer to see the rise in value.

[DoubleEdgeEX]

A lot of people who buy Bitcoin aren´t familiar with the concept of investing and it´s implications. That´s why I think it´s so important to educate newbies to the market not only by a Hodlers point of view but from an investors. As pointed out by OP, a decreased price enables you to get more for a cheaper price, eventually using the cost average effect to gain more coins. That should dimish the emoions of hope and greed which are usually the most destructive ones in trading

[Hypnosis00]

Because they only think of profit. They do not understand the benefits of lowering the price of Bitcoin. This increases the chances of investing more in Bitcoin. This is a great opportunity for new Bitcoin investors. However, for those who have bought Bitcoin at a very high price, it is actually a lot of sad news.

There are people who are just aiming to have a quick benefits, traders who are being sad when
experiencing huge losses due to market movements.
But to those who understand how volatilities can bring favors, both sides of market run can be
turned into  a favor if you position yourself to the right place.
Bitcoin, aside from being an alternative currency also serves as store value of investment, so most
who holds and keeping prefer to see the rise in value.

Most people hold for a reason that they can earn from it. It is obvious people get happy when the market rises after they bought Bitcoin. They'll be making money in a very short period of time? and they keep buying for they'll think it happen again and again. It all looks impossible if there is no volatility and it places a big role in the market for it greatly gives favor to everyone who wants to invest crypto.

For the place whose crypto isn't accepted as another mode of payment, they are actually considering this as a pure investment. Nothing they for their Bitcoin but they converted it into FIAT money once done.

[mezzaluna]

The assumption can be called not true because people are not always happy when the prices goes up. That depends on the situation of the HODLers. Somebody can never say that he/she is happy when selling tokens just before the sudden increase in prices. Gaining profit is what makes people happy.

It is better to safely assume that tokens are always better in fluctuating prices where we can watch the trend of certain Cryptocurrencies and that is the time where somebody wins and somebody loses.

[Asuspawer09]

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 

Not really, It is normal to be kind of happy when the market price goes upright? since we are earning a profit when the market is pumping.

But for sure their are so many investors that are waiting for the market price of bitcoin go to down in order to reinvest or invest their money in bitcoin for potential profit in the future.

Even short term bitcoin investors also invest in bitcoin when the market price is a dump and keep on investor when the market is going down.

[South Park]

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 

It is not really difficult to understand it since most people are going long on bitcoin, basically they invested in bitcoin with the idea of making money with it but as we know there is also the possibility of going short and make money as well that way, but since many people on this forum are not only interested on the financial opportunities this market offers and instead they are also interested in the long term prosperity of this market then it makes sense they get really excited when the price of bitcoin goes up and they get discouraged when its price is going down significantly.

[Sutters Mill]

Not everyone is happy. Some people are happy when it falls because they buy the dips. Then you hold. Not much point buying in when its skyrocketing but crypto is all about timing. People tend to either go all in and hold their bags for fear of missing out, or then panic and FOMO when a coin starts to rise suddenly and madly pile in but lose all their gains when people start to dump it and then they're left with a bad they overpaid for. 

[finaleshot2016]

Well, I guess I'm one of those you're referring to, investing even the bitcoin goes high or low. Only few people are getting success on that kind of mindset, they thought it's a stepping stone for getting rich but the reality is, it's not that easy like now. People are expecting another ATH or price pump but it still on $9k, It can't even resist the $10k and we need to wait for more months.

Being happy is already common especially those who invested a lot last year and waited for this bitcoin halving thingy. The majority of investors of bitcoin wanted to have a price pump, those who are unhappy, they did not grab the opportunity to invest at a low price.

From what I've seen, most people are into Bitcoin in order to make money instead of understanding its purpose in the mainstream world. As long as they can sell BTC for profit, nothing else matters. A very small portion of people actually care about using and understanding Bitcoin more thoroughly. Considering that human greed is unavoidable, we'll always see some people getting hyped when prices go all the way to the moon. When Bitcoin is facing "troubled times", you'll see most people whining because they've got into Bitcoin at higher prices. On the other side, there are buyers waiting for Bitcoin to go down the drain in order to obtain coins at a discount.

Personally, I wouldn't worry about price per coin on the market as long as Bitcoin works as intended. We will always have naysayers and long-term supporters of Bitcoin in crypto land. The more people buy Bitcoin, the higher the price per coin will be on the market. The same thing happens vice versa when more people sell their Bitcoin on the market. Some people will be happy about prices going up, while others won't. It's impossible to make all people happy regardless of market conditions (whenever good or bad). As long as you play your cards right, you'll be able to buy low and sell high. Only then, the effects of prices going up or down will have little to no effect over your mood. Same as you, I didn't grab the opportunity to invest at 2014's low prices. At least, it's better late than never. Just my thoughts

Most of the people who use bitcoin is just wanted profit, it's true, the purpose of entering cryptocurrency is just for their own good. But I guess, it's better to know and understand cryptocurrency on its maximum peak so they can earn more by using the idea and knowledge. People are already on that opportunity, they already grab it but didn't hold for too long. If they just hold it longer, they can earn more than the usual profit they're gaining. We should know that knowledge, even it's a little, can be a profitable thing.

Same thing with me, I'll support bitcoin no matter what happens since I studied and acquired knowledge about it that after a downfall it'll come back stronger.

[kawetsriyanto]

Because they only think of profit. They do not understand the benefits of lowering the price of Bitcoin. This increases the chances of investing more in Bitcoin.

Any other else more important for Bitcoin holders than profits? I think all Bitcoin holders will think of profits and many of them seem to dream instant profits or earning profits shortly. That's the reason why many of them talk more on rising the price. Yep, when you have bought some Bitcoins and you think it is more than enough, you only have one thing to do, it is waiting for the surge in price. So, it doesn't mean they don't understand that the decline in price is an advantage of buying more Bitcoins. But no one only buys bitcoins at any time, they must have time to stop and just waiting for the rise in price. Moreover, if you have limited funds to invest in Bitcoin.

[Leviathan.007]

Super epic question. In short words, there are psychological reasons for this. It's like many people HODL bitcoin for higher prices and they will will happy when they realize they can get some more money after selling their Bitcoins. But unfortunately, they won't consider a few things. For example, taking some more profit over they investments. That's just because people are mostly conservative about their money and whenever they see Bitcoin in lower prices, usually panic and simply get sad. Because they won't get the same amount of money after selling their Bitcoins.

[taufik123]

Super epic question. In short words, there are psychological reasons for this. It's like many people HODL bitcoin for higher prices and they will will happy when they realize they can get some more money after selling their Bitcoins. But unfortunately, they won't consider a few things. For example, taking some more profit over they investments. That's just because people are mostly conservative about their money and whenever they see Bitcoin in lower prices, usually panic and simply get sad. Because they won't get the same amount of money after selling their Bitcoins.

Yes you are right about psychological reasons that make people happy and sad when prices go up. People who already understand investing certainly already have a strategy for it. The profits they take when prices start to rise above the prices they buy will certainly be adjusted to the current state of the market. If there is a FOMO, it certainly becomes an opportunity to get more profit.

People who start panicking when prices fall past their purchase price certainly don't have good psychology. There should be a reserve of money that they have to make another purchase with an amount greater than the first purchase and that will save their capital, rather than having to throw away money by doing Cut Loss.

[Vatimins]

     Main reason as to why is because their investments go high. Specially those who invested in etherium based tokens or any other coins that are new and emerging. This is mainly because when Bitcoin price goes up their shitcoins or if not, new good coins would get a lot of hype and go up in an  instant. Of course it is only possible if bitcoin continues to go up same as 2016-17.

     And yeah, there are also people who invest important funds to them into bitcoins without even testing the waters or taking the effort to learn more about this industry. Hence, they are furious when the price plummets.

[crustycrab666]

Because they only think of profit. They do not understand the benefits of lowering the price of Bitcoin. This increases the chances of investing more in Bitcoin. This is a great opportunity for new Bitcoin investors. However, for those who have bought Bitcoin at a very high price, it is actually a lot of sad news.

One of the important things before deciding to invest in that we understand what will be invested, including the ecosystem and the right strategy. If only affected by the news, it will only make us panic, FOMO, so it will not get optimal results. Crypto enthusiasts must have understood the dynamics of the market, rather than regretting falling prices, it would be a good opportunity to fill bags. But this depends on the results of the analysis, so we must understand the analysis techniques in order to determine the right timing.

[SiDtHeBeSt]

Well its only natural for people to be happy when they see their investment becoming somewhat successful.  When the price goes down, the long time investors won't really care too much about that as it definitely would be going up again but this price drops makes new investors happy as they get to buy btc or any other altcoin at lower price. So you can't really say that 'people' are happy when the price goes up as it includes both 1. The people who have invested in bitcoins since a long time and 2. The people who wanted to invest in btc and were waiting for the price to go down, the latter would be happy in this situation.

[Chris Barth]

If we are to be realistic here, we'll realise that whether the price comes up or down, someone somewhere is always happy. If it goes down, the happy buyer shouts "buy buy buy", if it goes up, the hodler sings "gain time!". We just choose to see it like there's no advantage to them dips

[Heart18]

If we have plenty of holdings, we will be happy if the price will goes up because we will get more profits on it. But, everyone should consider that Bitcoin's up and down movement in the market are both important to all traders and investors in Cryptoworld. We can definitely benefit from both as long as we have enough knowledge in doing so.

[LogitechMouse]

Its already a nature for us people to be happy when we are in a profit. Who fucking wants to lose their money . I know that there are some traders who incur some losses but it is part of the game and as much as possible they are avoiding it.

Being happy when a good thing happen is our nature already and it is quite normal to see people happy especially those who are traders when they see their money growing in a short amount of time .
Anybody here who wants to be happy when the price goes down?? Maybe those who want to accumulate more .

[FlightyPouch]

Because they only think of profit. They do not understand the benefits of lowering the price of Bitcoin. This increases the chances of investing more in Bitcoin. This is a great opportunity for new Bitcoin investors. However, for those who have bought Bitcoin at a very high price, it is actually a lot of sad news.

Well, we can't really remove that thought to people since most of us here wanted to earn from it. It is more of an asset and not a currency, to be honest. You can't blame them but still, they should be able to understand the fact of what you are saying. We can't really control the market so they should be able to adapt to the sudden changes.

Also, who would be having fun when you are losing, right? It is inevitable in the market but still, you are losing that won't make anyone happy especially those that invested at the wrong time.

[TitanGEL]

That is not true, remember that there are also trader who are doing short positions where they are buyung high and selling it low. Short positions trader are happy when the price is going down because that is the way they make money. Do not conclude that everyone is happy when the price is going up especially because we have different goals. I believe that there is some investors out there who wants to see the price of the bitcoin to go down because they want to accumulate more in a cheap price.

[Salauddin1994]

Every trader works to meet their specific goal they all know that investing in Bitcoin can give them high profits so everyone can double their investment by investing in Bitcoin with less capital so people are happy if only the price goes up. But many later became frustrated again but decentralized crypto market prices are not stable. We have to wait patiently for the price to go up.