Tendency to buy more when the price of Bitcoin bullish!

[bitterguy28]

There is nothing that is better than DCA when you miss the opportunity to stack your coins at lower price, the market always has a way it does it things and balance out whether you do it when the price is ascending or when the price is descending. It's not even advisable to buy coins at once, learn to buy them  in every resistance or support.

i don’t think anyone should be buying at a resistance level i can’t think of any strategy that would benefit from buying when the market is close to setting a new ath maybe there will be more chances of profit at that point but shouldn’t you try to maximize it by buying at the lowest price possible?

I get scared these days because of this strategy. Dollar cost average is really good for Bitcoin because over time Bitcoin has been moving but I can't say for altcoins. Generally, the chart has been the same even Ethereum doesn't seem to be going and I wonder is the faith of the people that has been doing DCA all his while.

i just do dca with bitcoin because i want to hold mostly bitcoin but it is the most expensive so i try to pace myself and only buy during the right times

[SmartGold01]

Does it make sense to buy more at a time when the value of Bitcoin is increasing?

If Bitcoin has not yet entered into bull run then you can buy and hold but when bitcoin has entirely entered bull run then it's not advisable, because the price may likely drop after the bull run passes except you are only holding for short term whereby you would sell immediate you gained some little profit from the investment, or you would hold for another 4 years where bitcoin would have to complete it's circle.

[Asiska02]

There are many experienced investors against the trend who tend to buy more when the price of Bitcoin rises and make more hold which can be surprising to new investors. I have seen many investors in my experience who buy more when the price of Bitcoin rises.

Does it make sense to buy more at a time when the value of Bitcoin is increasing?

There is nothing bad in that and it just has to do with your financial management and how you understand the market more. For those that buy as it is rising may be as a result of FOMO, and won’t want to miss out on the big price bitcoin is actually approaching in the future. For those that engage in buying in that format, they will also get their reward later as they’re also holding for long. There advantage will also come in handy when another investor who is just new into the market buys at a price higher than what they’ve been buying as a result of the market not retracing back to that amount the older investor already bought. The market is very unpredictable and some people will not want to miss out and become an “had I know” kind of scenario for them in the future.

[0t3p0t]

There are many experienced investors against the trend who tend to buy more when the price of Bitcoin rises and make more hold which can be surprising to new investors. I have seen many investors in my experience who buy more when the price of Bitcoin rises.

Does it make sense to buy more at a time when the value of Bitcoin is increasing?

There is nothing bad in that and it just has to do with your financial management and how you understand the market more. For those that buy as it is rising may be as a result of FOMO, and won’t want to miss out on the big price bitcoin is actually approaching in the future. For those that engage in buying in that format, they will also get their reward later as they’re also holding for long. There advantage will also come in handy when another investor who is just new into the market buys at a price higher than what they’ve been buying as a result of the market not retracing back to that amount the older investor already bought. The market is very unpredictable and some people will not want to miss out and become an “had I know” kind of scenario for them in the future.

True. This also happened to me and I just leave it there after buying even if prices will drop I just wait for it to come back up. But the best way to make it profitable is non other than DCA and that if you are having the capital because you need to be ready everytime the price will change since you keep on buying until you will get the lowest pullbacks.

[nakmantu99]

There are many experienced investors against the trend who tend to buy more when the price of Bitcoin rises and make more hold which can be surprising to new investors. I have seen many investors in my experience who buy more when the price of Bitcoin rises.

Does it make sense to buy more at a time when the value of Bitcoin is increasing?

There is nothing bad in that and it just has to do with your financial management and how you understand the market more. For those that buy as it is rising may be as a result of FOMO, and won’t want to miss out on the big price bitcoin is actually approaching in the future. For those that engage in buying in that format, they will also get their reward later as they’re also holding for long. There advantage will also come in handy when another investor who is just new into the market buys at a price higher than what they’ve been buying as a result of the market not retracing back to that amount the older investor already bought. The market is very unpredictable and some people will not want to miss out and become an “had I know” kind of scenario for them in the future.

I also sometimes buy during FOMO for some coins that I think have good potential but for short-term investment, I buy and sell when I still have FOMO to make a profit. because in investing in crypto we can take advantage of trends to make a profit.
Usually I buy meme coins for short-term investment during FOMO and sell them immediately.

[Asiska02]

There are many experienced investors against the trend who tend to buy more when the price of Bitcoin rises and make more hold which can be surprising to new investors. I have seen many investors in my experience who buy more when the price of Bitcoin rises.

Does it make sense to buy more at a time when the value of Bitcoin is increasing?

There is nothing bad in that and it just has to do with your financial management and how you understand the market more. For those that buy as it is rising may be as a result of FOMO, and won’t want to miss out on the big price bitcoin is actually approaching in the future. For those that engage in buying in that format, they will also get their reward later as they’re also holding for long. There advantage will also come in handy when another investor who is just new into the market buys at a price higher than what they’ve been buying as a result of the market not retracing back to that amount the older investor already bought. The market is very unpredictable and some people will not want to miss out and become an “had I know” kind of scenario for them in the future.

I also sometimes buy during FOMO for some coins that I think have good potential but for short-term investment, I buy and sell when I still have FOMO to make a profit. because in investing in crypto we can take advantage of trends to make a profit.
Usually I buy meme coins for short-term investment during FOMO and sell them immediately.

You may not call yours FOMO again but maybe an understanding of the market, flowing with the trend of the market. I think most people that fall for FOMO end up losing more because greed will set in and that is another big tool that makes a lot of investors lose money when trying to invest. If you’ve been able to fight your greed and still go ahead to make profit from altcoins even when you have some feeling of not FOMO, it may be regarded as a a smart way to play with the market and flow with its trend. A newbie investor won’t get this right always and will be discouraged early to leave the market as a result of the many losses they may have accrued.

[Makus]

I also sometimes buy during FOMO for some coins that I think have good potential but for short-term investment, I buy and sell when I still have FOMO to make a profit. because in investing in crypto we can take advantage of trends to make a profit.
Usually I buy meme coins for short-term investment during FOMO and sell them immediately.

This is the reason why I frown at short term investment, especially  when it comes to a reputable project like bitcoin. Its best to go full and hold your coins for a long period  of time  as history has in time past proven how profitable  bitcoin  can be. Though lots of investors  thinks bitcoin can no longer  give a huge profit to its holders  but the truth is, so long as butcoin stands, the demand always supercedes the limited supply which make it more profitable  to hold for the future. There are lots of halving to be experienced  and all of these halvings is likely to break a  new all time high.

[Makus]

Mistake

[Z-tight]

If Bitcoin has not yet entered into bull run then you can buy and hold but when bitcoin has entirely entered bull run then it's not advisable, because the price may likely drop after the bull run passes except you are only holding for short term whereby you would sell immediate you gained some little profit from the investment, or you would hold for another 4 years where bitcoin would have to complete it's circle.

Weak hands always fail to buy BTC when the price is low and when the bull run has not started, but once BTC begins to rise and we are now in a bull run, they start fomo buying. It is better to buy BTC when the price is low and hold it until the bull run comes, this way you can make more returns.

[Rubel007]

I also sometimes buy during FOMO for some coins that I think have good potential but for short-term investment, I buy and sell when I still have FOMO to make a profit. because in investing in crypto we can take advantage of trends to make a profit.
Usually I buy meme coins for short-term investment during FOMO and sell them immediately.

This is the reason why I frown at short term investment, especially  when it comes to a reputable project like bitcoin. Its best to go full and hold your coins for a long period  of time  as history has in time past proven how profitable  bitcoin  can be. Though lots of investors  thinks bitcoin can no longer  give a huge profit to its holders  but the truth is, so long as butcoin stands, the demand always supercedes the limited supply which make it more profitable  to hold for the future. There are lots of halving to be experienced  and all of these halvings is likely to break a  new all time high.

Though there are many who initially thought that Bitcoin might not grow any more or that after growing to a certain level there would be no one to buy Bitcoin but the current reality is different. Bitcoin has already surpassed all of its previous all times high. Each Bitcoin is currently valued at $76,000 and is likely to rise further due to buying pressure. Moreover, we will see the price of Bitcoin to six digit within the next year. If there was no one buying Bitcoin then the Bitcoin price would never have reached that level. As people are growing, the demand of people has also increased tremendously due to which the price of Bitcoin will continue to rise. Despite the global popularity of Bitcoin, the number of investors is not as large as the population of the world. That's why not many people have adopted Bitcoin yet who are slowly coming to Bitcoin adoption and Bitcoin will definitely continue to grow.

[SmartGold01]

If Bitcoin has not yet entered into bull run then you can buy and hold but when bitcoin has entirely entered bull run then it's not advisable, because the price may likely drop after the bull run passes except you are only holding for short term whereby you would sell immediate you gained some little profit from the investment, or you would hold for another 4 years where bitcoin would have to complete it's circle.

Weak hands always fail to buy BTC when the price is low and when the bull run has not started, but once BTC begins to rise and we are now in a bull run, they start fomo buying. It is better to buy BTC when the price is low and hold it until the bull run comes, this way you can make more returns.

I naturally calls them the market feeders because they buys with panic and immediately when there's changes they drops automatically and sold off what they have already acquired..
The truth of the matter is that investment is not suitable to invest in the bull run or during the bull run because they would never tell how the market would be or the outcome of it, that is why it's always important to monitor the market careful before jumping into making investment that may results of total lose.

[Asiska02]

There is nothing that is better than DCA when you miss the opportunity to stack your coins at lower price, the market always has a way it does it things and balance out whether you do it when the price is ascending or when the price is descending. It's not even advisable to buy coins at once, learn to buy them  in every resistance or support.

i don’t think anyone should be buying at a resistance level i can’t think of any strategy that would benefit from buying when the market is close to setting a new ath maybe there will be more chances of profit at that point but shouldn’t you try to maximize it by buying at the lowest price possible?

Those are the best times you should buy your bitcoin and not wait for any moment when the support and resistance level may not be respected or do not hold for long as you’ve been waiting for it to reach before buying more bitcoin in your portfolio. Maximising your chances in the crypto market when the chance arises is the best thing you should do. The DCA still remains one of the best way to buy bitcoin but it doesn’t mean when you have the money to lump sum, you shouldn’t do it. Seize opportunities like that because you can’t be so sure that such opportunities will arise again after you lose them. The DCA method is only encouraged when your source of income comes in badges and are not big for you to buy more at that time, so buying small will help get a reasonable amount in the long run also.

[Z-tight]

I naturally calls them the market feeders because they buys with panic and immediately when there's changes they drops automatically and sold off what they have already acquired.

Yeah, that is exactly what they do everytime, they either never learn from their previous mistakes or they don't believe in BTC well enough to hold it when it is low and wait for the price to rise. I have friends who are weak hands, and i always expect their call for recommendation whenever BTC starts to rise.

[Madmax789]

Known as **"FOMO" (Fear of Missing Out)**, the tendency to buy more bitcoins when the price rises is common in the crypto market and other financial markets. When prices are rising rapidly, people often feel an urgency to buy to avoid "missing out" on potential gains. However, this behavior can be risky if it is not part of a thoughtful investment strategy.Bullish markets create excitement, and people see others profiting, which can lead to an emotional desire to join in. This is a natural human reaction but can also lead to buying at higher prices without fully assessing the risks. Many traders buy into bullish markets because they expect momentum to keep prices moving higher. This may work in the short term, but momentum can quickly reverse, especially in volatile markets like BitcoinIf you only buy based on a bullish trend, you may end up buying. Crypto markets often experience corrections, so buying into the hype cycle means holding out for potentially steep drops. Instead of buying impulsively, set a price range or percentage of your investment portfolio for Bitcoin and stick to it. Consistently buying small amounts over time, regardless of price, can help you avoid buying at peaks and reduce the effects of volatilityIn a bullish market, avoid high leverage or buying more than you can afford to lose, as corrections are common in crypto. Ultimately, while buying into a bull market is tempting, careful planning and risk management can help you avoid getting caught up in market exuberance and making costly mistakes..

[JoyMarsha]

Does it make sense to buy more at a time when the value of Bitcoin is increasing?

No, it doesn't make any sense to buy more Bitcoin when its value is increasing, because it can drop once again and will have frequent price corrections. The best time to buy Bitcoin and increase your accumulation is when it gets a huge dip.

I personally follow DIP+DCA strategy and so far I have made enough profits with that already, and at the same time I have increased the number of accumulative coins overtime. I guess most investors who are successful investors of Bitcoin are following the same strategy.

The same strategy of buying at a low price through DCA strategy and selling at a high price. That has been the perfect strategy so many successful investors in the crypto space are following, and it is working for them since the market is divided in two: "the bearish market and the bull market''.However, it's ideal to buy Bitcoin during the bearish market and sell during the bull market