Why are people so crazy about buying Bitcoin?

[Amug123]

Some individuals are drawn to bitcoin history of significant price increase, hoping to make substantial profits,  and also bitcoin decentralized nature of operating independently of Central banks and government,  appeals to those valuing financial freedom and many other good reasons why they are so mad trying to get bitcoin.

[Crypto Library]

It is undeniable that trading requires many things and quite a hard struggle. Not only about buying coins and then selling them, because this is for trading, short term, so you have to really understand how to analyze the market, based on charts and indicators, analyze technically and also fundamentally, this must be the whole thing. Indeed, in trading, we have to devote more focus and discipline, because of that, trading is not easy and requires more efforts. However, if you already have good knowledge and experience in trading, it can be very profitable in the short term for huge profits. But again, it depends on each individual in preparing themselves to do crypto trading

And also after doing the analysis work is not done yet, we have to play with the market psychology I mean we have to fight with ourself in the emotion control. Because sometime even a professional trader have lots of analysis skill but due to lack of emotional control they also affected by the FUD and also to sometimes wrong decision.
So considering all these things, I actually think that Bitcoin, which is already guaranteeing us that if we hold it for the long term, it will definitely give me a profit back, whereas I don't want to face losses or put my funds at risk by trading for the whole time.

[|MINER|]

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.

In fact, I would say that this is the reason for the increase in the price of Bitcoin. If I say it a little better, our human nature is that we are always attracted to positive aspects, like when someone succeeds in doing a business, we are also interested in doing that business.
But people do not understand here that if they do not use their creativity, if someone starts doing something same, they will get profit, but I do not think it will be as expected.
Similarly, in the case of Bitcoin, when the price of Bitcoin starts to increase, most users think that if they invest here, they will be able to make good profits, and it is because of this misconception that most people start investing in Bitcoin when the price of Bitcoin starts to increase.

[Dr.Bitcoin_Strange]

Those of us who have been in this crypto market since 2017 know very well what the market was like at that time. Yes, we noticed that a few days ago when the price of Bitcoin was 100k, the price of all coins was fairly good. However, between 2018 and 2022, the price of all coins was within normal limits. People could transact well. But since 2023, the way Bitcoin pumped again, the tokens of World Coin were fairly good. But a few days later, when Bitcoin dumped at 80k, we saw that the price of all coins had dumped by about 10% to 15%. We had many people in the market assume that the market seems to have completely ended. However, since the market has not dumped in that way since then, all coins are no longer dumping in that way. Therefore, we can assume that if the price of Bitcoin dumps, there is a possibility of the entire market being lost. In this sense, we can say that Bitcoin can now become stronger to strengthen the market.

We all know that the price fluctuations of Bitcoin usually have impacts on the price other Altcoins because when the Bitcoin price is bullish, other coins begins to pump too but when price is bearish, it also affects other Altcoins. People love to buy Bitcoin because it's doesn't usually pump and dump just like other coins does and for those that have been following Bitcoin since it was created, they can tell that the price usually break through to a new all time high durring every halving season and that's why you see that many people still love to invest into Bitcoin.

[DavetJack]

We know that if a person is attracted to something, then people want to do more of it. In the meantime, we have seen BTC. When BTC was a little lower in the market around 2018, it did not have much value. At that time, not many people were attracted to it, although they were actually involved in Bitcoin, they were trading it. But after 2024, many people became attracted to Bitcoin because its price pumped up a lot, almost 100K. So people are now using it as an invaluable asset. Now everyone wants to invest in it, everyone wants to hold it, and we use it for everything in terms of transactions, maybe that is why people are so attracted to Bitcoin and are investing like crazy in terms of investment.

[Agbe]

Buying of bitcoin has no specific time for it and you can buy bitcoin at anytime. And the best method to buy bitcoin is the DCA approach which can make you to acquire good number of bitcoin with a year or two. Don't wait till the price comes down but acquire them whenever you have money. If you buy bitcoin when the price is low, you use those ones you buy at low to complement the ones you buy when the price is high. So there is no time to wait. And when the price has increased more than the time you buy when they price was high then you make good profit. Many people don't understand how to navigate the market and only interest to buy the dip or when it is low. Those are wrong investors.

[ajiz138]

Buying of bitcoin has no specific time for it and you can buy bitcoin at anytime. And the best method to buy bitcoin is the DCA approach which can make you to acquire good number of bitcoin with a year or two. Don't wait till the price comes down but acquire them whenever you have money. If you buy bitcoin when the price is low, you use those ones you buy at low to complement the ones you buy when the price is high. So there is no time to wait. And when the price has increased more than the time you buy when they price was high then you make good profit. Many people don't understand how to navigate the market and only interest to buy the dip or when it is low. Those are wrong investors.

This strategy is an easy-to-understand strategy and for me it is easier to use, because we don't have to have a lot of money to buy bitcoin and I don't even have to think about what price I should buy it at.

The high purchases we made previously will be replaced by the low purchases we made previously. It just requires patience and we must be good at managing finances.

[legend45]

Buying of bitcoin has no specific time for it and you can buy bitcoin at anytime. And the best method to buy bitcoin is the DCA approach which can make you to acquire good number of bitcoin with a year or two. Don't wait till the price comes down but acquire them whenever you have money. If you buy bitcoin when the price is low, you use those ones you buy at low to complement the ones you buy when the price is high. So there is no time to wait. And when the price has increased more than the time you buy when they price was high then you make good profit. Many people don't understand how to navigate the market and only interest to buy the dip or when it is low. Those are wrong investors.

This strategy is an easy-to-understand strategy and for me it is easier to use, because we don't have to have a lot of money to buy bitcoin and I don't even have to think about what price I should buy it at.

The high purchases we made previously will be replaced by the low purchases we made previously. It just requires patience and we must be good at managing finances.

The strategy depends on how much money we have, if we do not have a target at what price we buy, we are afraid that we will be trapped at a high price. it takes a long time to hold and wait. I think the best time to buy is the bearish season, because the price of bitcoin is still low. And also when bitcoin experiences a correction or price decline.

[omori]

This strategy is an easy-to-understand strategy and for me it is easier to use, because we don't have to have a lot of money to buy bitcoin and I don't even have to think about what price I should buy it at.

The high purchases we made previously will be replaced by the low purchases we made previously. It just requires patience and we must be good at managing finances.

The price is now good. And it will become even better, as I think we haven't hit rock bottom.

So we need to act and accumulate more while we can for a good price.

[Promocodeudo]

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.

You know in life people don't always start a journey when there mates started it, may be because of procrastination or doubtful mindset, the reason why people are doing everything people to buy Bitcoin now is the history it has created in the digital currency market, some people are bent of running when water has covered their legs already, Bitcoin has proven to be the best digital asset anyone can ever imagine, it is trustworthy, very much valued than any other coin out decentralized, easy to accumulate and hodl for a long-term without fear of anything, I think people are much more crazy to invest in Bitcoin because of the practical testimony the saw from individuals close them that are into Bitcoin may be those individuals bought when Bitcoin was as low as $4k and made a lot of cool cash as the price moved to $100k.

[Aanuoluwatofunmi]

We are all having almost the same or common reason with other people for choosing bitcoin as our preferred currency, because its all about freedom, decentralization, profitability, security, fast transaction, cheaper transaction fees and many other benefits in which we can get from using bitcoin such as a secured wallet, security and privacy in using it and also the opportunity of trading it with other pairs to make profits.

[Cryptsafe]

We are all having almost the same or common reason with other people for choosing bitcoin as our preferred currency, because its all about freedom, decentralization, profitability, security, fast transaction, cheaper transaction fees and many other benefits in which we can get from using bitcoin such as a secured wallet, security and privacy in using it and also the opportunity of trading it with other pairs to make profits.

There are many other reasons why people choose Bitcoin and I must say that whatever their reasons are is commendable. People look at autonomy and control over their assets and funds, rather than third parties like the banks with their incessant frustrating activities, procedures inacted by third parties before one could access their funds and assets, etc but with Bitcoin, nothing of such happens.  Your privacy is fully guaranteed, and no third parties with their exorbitant charges.

[ajiz138]

This strategy is an easy-to-understand strategy and for me it is easier to use, because we don't have to have a lot of money to buy bitcoin and I don't even have to think about what price I should buy it at.

The high purchases we made previously will be replaced by the low purchases we made previously. It just requires patience and we must be good at managing finances.

The strategy depends on how much money we have, if we do not have a target at what price we buy, we are afraid that we will be trapped at a high price. it takes a long time to hold and wait. I think the best time to buy is the bearish season, because the price of bitcoin is still low. And also when bitcoin experiences a correction or price decline.

I do not deny that fear still exists, but it is a natural thing as long as we are not controlled by that fear. Even during the bearish season, fear or worry will still be there.

I take an example when btc is below 20k for example, how many people give up their intention to buy bitcoin because they are too afraid that the price will go deeper? Well, with this DCA strategy, I think it is possible for us to suppress our worries.

[albon]

Some individuals are drawn to bitcoin history of significant price increase, hoping to make substantial profits,  and also bitcoin decentralized nature of operating independently of Central banks and government,  appeals to those valuing financial freedom and many other good reasons why they are so mad trying to get bitcoin.

It has happened time and again that the price of Bitcoin has increased significantly and fluctuated rapidly, which is why small and large investors always consider it as the best profit. Moreover, we all live in crypto for profit so we always want to chase those currencies that can give us quick profits. So in that case, there are many top altcoins including Bitcoin, Ethereum and others that can recover quickly from the downtrend. Bitcoin is always independent and is not controlled by any institution or government of any country so the price of Bitcoin can bring more records in the future.

[doc]

Some individuals are drawn to bitcoin history of significant price increase, hoping to make substantial profits,  and also bitcoin decentralized nature of operating independently of Central banks and government,  appeals to those valuing financial freedom and many other good reasons why they are so mad trying to get bitcoin.

It has happened time and again that the price of Bitcoin has increased significantly and fluctuated rapidly, which is why small and large investors always consider it as the best profit. Moreover, we all live in crypto for profit so we always want to chase those currencies that can give us quick profits. So in that case, there are many top altcoins including Bitcoin, Ethereum and others that can recover quickly from the downtrend. Bitcoin is always independent and is not controlled by any institution or government of any country so the price of Bitcoin can bring more records in the future.

Although sometimes the price of bitcoin is manipulated, it is only temporary because the market will do its part.
Bitcoin is indeed the safest coin, because after experiencing a decline in the price of bitcoin it will rise again if we wait patiently and keep holding.
However, for the past two months, it seems that the top coins are difficult to rise again.