When the price moves up, then that means that the value increased. This is favored by investors because that would mean they are profiting.
When the price moves up, then that means that the value increased. This is favored by investors because that would mean they are profiting.
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Well it is only natural. We are investing on a product so it is only expected for us to be happy when its value goes up.
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Most traders are investing on Bitcoin for long term and of course, as anyone investing on something, we want the value of the product to grow.
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Many bitcoin users are HOLDERS, price going up is a inherent positive for these people. Day traders don't care too much about it, they make their money in other ways, so I'd say it just goes to show the amount of people that support bitcoin that are holders as well. That and, who doesn't like a bit of "free money"?
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those that have coins want it to go up
those too scared to buy coins want it to go down
no price no matter what time or reason will ever be a happy price for everyone
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To be honest those people holding bitcoin definitely they will be happy if price increse. Because they would get advantage of increased price by selling their holdings. At the same time some people will happy when decrease because they are waiting for accumulate more bitcoin. But my personal belief is holders are more than accumulators. That's why most of people feel happy when they see up trend on bitcoin price. But I also feel happy when increse price even I am not holder if much coin. I just want to massive positive move on crypto-currency market, not only for bitcoin.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Why people are happy only when the price goes up?
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.