Anyone else have the habit of buying on the way up?

Ticker

1 BTC = $44217.69 USD  (via Coinbase)
1 ETH = $3075.17 USD  (via Coinbase)
1 LTC = $160.37 USD  (via Coinbase)
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Every time I see the price goes up, I want to buy. It seems to me this is the complete opposite of buy low sell high. Yet I justify it buy thinking that:

  • I'm not going to sell in the next 5 years so price is almost guaranteed to be higher than it is now.
  • As the price goes up, I'm more confident in Bitcoin (even though fundamentals haven't changed).

Anyone else do the same thing? Does it makes sense or am I just giving into FOMO pressure and post-rationalizing?

submitted by /u/shibenyc
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1 CRYPTO

Crypto News & ICO Reviews

1 News - 247 News - 247 Bitcoin - 1 Search

BTC - BCH - ETH - LITE - XRP

Buy Sell Trade Crypto Here

 

Ticker

1 BTC = $44217.69 USD  (via Coinbase)
1 ETH = $3075.17 USD  (via Coinbase)
1 LTC = $160.37 USD  (via Coinbase)
Quotes delayed up to 2 minutes.

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