Why are people so crazy about buying Bitcoin?

[Gita]

Currently everyone wants to buy Bitcoin. Is this the right time to buy Bitcoin?
When the price was low earlier, people did not buy Bitcoin, but today, when the price of Bitcoin increases due to the boom, people want to buy it and invest in it. That investment is profitable for them, so people go crazy to buy Bitcoin, invest in it, hold it and trade, Which gives them a good profit.

[Hatchy]

Bitcoin remains the best crypto investment you can choose to invest your money on. I can bet you on that mate, so don get all worked up about why people will still invest in bitcoin even if price is dropping. Though most people might still doubt BTC to some extent, even when price was pretty low, they took it for granted. Those who trusted BTC and held their coins are now enjoying the fruit of their courage and trust.

[Findingnemo]

AFAIK, price of Bitcoin didn't rise today, it just keep falling.

Anyway to answer why people buy when price starts to rise is due to the FOMO effect and this is just the typical mindset of people and the same reason when they don't want to lose their capital they ought to sell for loss. If it happens once or twice then it's okay but when someone keeps doing it will make nothing but loss of their capital.

[Fivestar4everMVP]

Currently everyone wants to buy Bitcoin. Is this the right time to buy Bitcoin?
When the price was low earlier, people did not buy Bitcoin, but today, when the price of Bitcoin increases due to the boom, people want to buy it and invest in it. That investment is profitable for them, so people go crazy to buy Bitcoin, invest in it, hold it and trade, Which gives them a good profit.

Sorry but what exactly are you saying bud?, where or how did you come about the information that people are wanting to buy bitcoin?.

People don't want, people are buying bitcoin every day, in fact, people are buying, selling saving, hodling bitcoin for different reasons and purposes everyday, it's the major reason why the price is not stable, price moves up and down because alot of people around the world are trading bitcoin in every second and minutes of the day 24 hours and 7 days in a week, there is no resting or down time.

More people buying bitcoin is when the price moves up, and more people selling bitcoin is when the price moves down, no body buying or selling bitcoin makes the price a kind of stable.

[gunhell16]

If DCA is the tool used to accumulate bitcoin, there is no right time or timing, but as long as you have something to buy, just take advantage of it
to invest even if it is just a little bit. Now, if the price has already fallen, then it is a good chance to buy.

Well, it's simple, when we notice that the price of bitcoin is in a correction, let's take advantage of it by buying and buying while there is still an opportunity
because that is what holders who use DCA should be doing in this crypto industry.

[Crwth]

It is human nature, and seeing value in terms of price is somewhat attractive to new people in the cryptocurrency space. I don’t think it is crazy, but I guess more and more people are starting to get it, which shouldn’t be labeled as crazy.

Maybe it’s brilliant because they finally recognised it and bought some of it

[0t3p0t]

Currently everyone wants to buy Bitcoin. Is this the right time to buy Bitcoin?
When the price was low earlier, people did not buy Bitcoin, but today, when the price of Bitcoin increases due to the boom, people want to buy it and invest in it. That investment is profitable for them, so people go crazy to buy Bitcoin, invest in it, hold it and trade, Which gives them a good profit.

Maybe because they think this is the lowest dip or they are preparing for something since we all know there are regional instability or tensions that is currently happening right now. It could be that Bitcoin is their option to safeguard their wealth incase something unexpected will happen. Whatever investors reasons of buying Bitcoin it only means one thing there is something behind it we are not aware of.

[Mr. Magkaisa]

         -      Just a correction, not all crypto communities are crazy about buying bitcoin, there are probably a majority who are just interested but not in a sense that they are crazy to invest in bitcoin, maybe the majority are more confident in investing in bitcoin in terms of long-term. And that is because it is the first cryptocurrency created and has been proven and tested in the market.

Then those who can be said to be crazy about always investing in bitcoin are one of them, Michael Saylor, Blackrock, the big people or companies that can really buy a lot of bitcoin are the ones I can really see getting huge profits in the future because they buy large amounts of bitcoin unlike those like me who have no capability to do what they are doing, I mean they can only really do it with a small amount of bitcoin if they can do it, which I cannot consider as a big profit in the future.

[Zed0X]

OP is probably not a native and using some translation or just struggling with the language.
earlier = in the past?
today = present times?

Anyway, a lot of people before were influenced by some old time financial gurus that bitcoin is just a bubble that is ready to pop at any time. Time has proven them to be wrong and, unfortunately for those who believed in them, they missed out on a cheaper BTC. Now that it has become mainstream, they start buying.

[Vx1]

Currently everyone wants to buy Bitcoin. Is this the right time to buy Bitcoin?
When the price was low earlier, people did not buy Bitcoin, but today, when the price of Bitcoin increases due to the boom, people want to buy it and invest in it. That investment is profitable for them, so people go crazy to buy Bitcoin, invest in it, hold it and trade, Which gives them a good profit.

Bitcoin is an asset that can give us profit, either quickly or slowly. Bitcoin has a high fluctuating price, but if we want to buy and invest here, of course we wait for the price to drop before buying. People are crazy about wanting to buy Bitcoin because they hope to get big profits by choosing Bitcoin as their investment.

[SmartGold01]

I don't think people are crazy about buying bitcoin but what happened is that is now they are being convinced about bitcoin and its future, initially the never see bitcoin worth investing on because of lack of knowledge and how to predicts the future making them to leave their eyes on bitcoin watching when it would stabilized, but now since they are now talking about bitcoin globally it attracts their attention and interest to come invest in bitcoin that is the reason why you seeing people rushing to come invest in bitcoin,

[Rruchi man]

Currently everyone wants to buy Bitcoin. Is this the right time to buy Bitcoin?

Why do you say everyone without providing any statistical data to back up your claim?

You've made a mere assumption. I don't think everyone, according to you @OP, is crazy to buy bitcoins currently, as some people who are new to cryptocurrency are more interested in investing in altcoins than in bitcoins.

[vegasus]

Actually, it's not just current, if I look at it, every time there are always a lot of Bitcoin purchases. Maybe compared to a few times when BTC had risen to more than $ 100k, this time there are more because the price is considered to be quite low. That's why people are starting to flock to buy again because they hope that in the next few months the price of BTC will rise again significantly. This is not a new phenomenon, it often happens like this, when it's bearish, when the market is correcting, of course many people are buying because the price is still falling.

[LogitechMouse]

Currently everyone wants to buy Bitcoin. Is this the right time to buy Bitcoin?
When the price was low earlier, people did not buy Bitcoin, but today, when the price of Bitcoin increases due to the boom, people want to buy it and invest in it. That investment is profitable for them, so people go crazy to buy Bitcoin, invest in it, hold it and trade, Which gives them a good profit.

Now those who bought when the market is going up are currently at a loss because the market now is on a bearish movement. It started yesterday and still continuing to go down until now.

Everyone wants to buy Bitcoin? The only people that I know that is currently buying Bitcoin are those huge companies since they're storing. Maybe there are some whales and some retail investors that are silently buying some, but to answer your question on is this the right time to buy Bitcoin, it will depend on how long you will hold those Bitcoin, but to shorten it, just buy during the bear market to maximize your profits.

[Bobcrypto]

Base on the title, I must say that bitcoin drives the crypto market prices, and it is a fact that many investors are already aware. Again, bitcoin has the potential to rebound after market dump because it's constant demand at intervals.
Investing on Bitcoin has proven to be profitable on the short and long term investing,   
I think that Bitcoin become very popular, thank to the community efforts on creating of awareness and adoptions over the past ten years.