Why are people so crazy about buying Bitcoin?

[dave_strider]

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.

As we can see, volatility affects BTC less and less - it is too big to be manipulated in such a manner.

And it's great to see such developments, even though we can't scratch off the manipulations sometimes (to some degree).

[yohananaomi]

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.

The bitcoin market is very difficult to control and can always change quickly, but it can be ascertained that in the long term, bitcoin is very good to be able to increase at its best price, so many people have kept it until now.
I agree with what you said that bitcoin is the safest coin and can always return to increase if those who hold it are patient.
but indeed the price of the top coins is not good but in time and possibly Q4 all will reach their peak.

[Blaze]

The bitcoin market is very difficult to control and can always change quickly, but it can be ascertained that in the long term, bitcoin is very good to be able to increase at its best price, so many people have kept it until now.
I agree with what you said that bitcoin is the safest coin and can always return to increase if those who hold it are patient.
but indeed the price of the top coins is not good but in time and possibly Q4 all will reach their peak.

That is quite correct, it makes the assumption that even while the Bitcoin market is struggling to find it’s real value, the faith in it’s future position remains high. Volatility is characteristic for every asset, and although it is true that Bitcoin has been volatile in the past, the same cannot be said about its ability to maintain high value in the long run for an asset with a young history. Despite a current perceived negative state with regard to the market environment, many people are opting to hold on to coins as there must be a positive change sometime in the future. Specifically, for the minor coins, while things are not very promising at the moment, one cannot predict anything about the fourth quarter, although it may not be as rosy as the rise of Bitcoin in the first quarter of the year. That is already known that the crypto market can be very volatile and some coins have periodical boost after the long declining phase.

[bayu7adi]

The bitcoin market is very difficult to control and can always change quickly, but it can be ascertained that in the long term, bitcoin is very good to be able to increase at its best price, so many people have kept it until now.
I agree with what you said that bitcoin is the safest coin and can always return to increase if those who hold it are patient.
but indeed the price of the top coins is not good but in time and possibly Q4 all will reach their peak.

It seems like there won't be another peak until 2025 ends...it's very hard to get out of the way, even some miracle will make it stay in the halving cycle to keep correcting for the next 2 years...and the 2028 halving will be the trigger for another ATH, it will probably bring a peak in 2029...so it's very hard to expect this year to see a new ATH, it's very hard and very unlikely to happen....

Let's start a new DCA and start buying some cryptocurrencies to accumulate again...

[Noel26]

People is crazy on buying Bitcoin because they already see how big is the profit that they can possibly get by holding bitcoin not just bitcoin but also some altcoins people are now go crazy because they saw bitcoinis bullish and they can't imagine how big is the profit it they only buy it earlier.

[Paulmocat]

People is crazy on buying Bitcoin because they already see how big is the profit that they can possibly get by holding bitcoin not just bitcoin but also some altcoins people are now go crazy because they saw bitcoinis bullish and they can't imagine how big is the profit it they only buy it earlier.

I agree people are now crazy because they saw bitcoin is rising and many people or investors earn on it that is why they want bitcoin to also make a profit in the near future but for now bitcoin has a big value and very risky because of high on volatility so goodluck to them i hope they will not end up losing.

[dave_strider]

I agree people are now crazy because they saw bitcoin is rising and many people or investors earn on it that is why they want bitcoin to also make a profit in the near future but for now bitcoin has a big value and very risky because of high on volatility so goodluck to them i hope they will not end up losing.

Without proper learning done beforehand, such people won't get the results they seek, not in a time they see fit (a week, a month, or even one year or so).

I hope they will know enough to hodl appropriately.

[doc]

People is crazy on buying Bitcoin because they already see how big is the profit that they can possibly get by holding bitcoin not just bitcoin but also some altcoins people are now go crazy because they saw bitcoinis bullish and they can't imagine how big is the profit it they only buy it earlier.

I agree people are now crazy because they saw bitcoin is rising and many people or investors earn on it that is why they want bitcoin to also make a profit in the near future but for now bitcoin has a big value and very risky because of high on volatility so goodluck to them i hope they will not end up losing.

When the price of bitcoin drops is the right time to buy bitcoin, but during a bullish season like this we have to be careful because I prefer short and medium term investment.
Next year when it's bearish I will buy bitcoin for long term holding following the 4 year cycle.
Everyone has their own considerations and strategies.

[ZAINmalik75]

Holding your Bitcoin for that long means there are other sources of income, or the only source of income is enough to cater for your need for that lengthy period of time. To be honest, discipline is never enough. When you are tempted to sell, just to satisfy your basic nee ds, you will have to do that at some point. But it is also important that we don't get too comfortable when it comes to spending our investment, otherwise, we end up spending everything in a matter of time. so imo, our level of accumulation will guide us how will spend from our portfolio. Spending from a $1k investment should be different from spending from a $10K investment.

Controling on what we spend and how much we spend is really hard and if the amount is getting bigger, the spending will also gets bigger and in no time the person won't realize he will be shorting money again.

Those who have another income source, they should hold for eternity or until they want to buy something they were planning from the start but if they don't have any income source to back them then they will eventually end up using that money and even selling them all.

[r_victory]

Not everyone wants to buy bitcoin, some people don't even know what it is. It's a technology that still needs to be widely publicized, and the common people are even afraid of it  , due to some of the negative repercussions that the media gives to the asset.

[ZAINmalik75]

Holding your Bitcoin for that long means there are other sources of income, or the only source of income is enough to cater for your need for that lengthy period of time. To be honest, discipline is never enough. When you are tempted to sell, just to satisfy your basic nee ds, you will have to do that at some point. But it is also important that we don't get too comfortable when it comes to spending our investment, otherwise, we end up spending everything in a matter of time. so imo, our level of accumulation will guide us how will spend from our portfolio. Spending from a $1k investment should be different from spending from a $10K investment.

Controling on what we spend and how much we spend is really hard and if the amount is getting bigger, the spending will also gets bigger and in no time the person won't realize he will be shorting money again.

Those who have another income source, they should hold for eternity or until they want to buy something they were planning from the start but if they don't have any income source to back them then they will eventually end up using that money and even selling them all.

[nowak_bosch]

Not everyone wants to buy bitcoin, some people don't even know what it is. It's a technology that still needs to be widely publicized, and the common people are even afraid of it  , due to some of the negative repercussions that the media gives to the asset.

Some people, unfortunately, don't want to get into the details of a thing that may change their live for the better.

A shame, but it's pretty common to witness something like that, because BTC is not adopted fully yet.

[JoyMarsha]

The bitcoin market is very difficult to control and can always change quickly, but it can be ascertained that in the long term, bitcoin is very good to be able to increase at its best price, so many people have kept it until now.
I agree with what you said that bitcoin is the safest coin and can always return to increase if those who hold it are patient.
but indeed the price of the top coins is not good but in time and possibly Q4 all will reach their peak.

It seems like there won't be another peak until 2025 ends...it's very hard to get out of the way, even some miracle will make it stay in the halving cycle to keep correcting for the next 2 years...and the 2028 halving will be the trigger for another ATH, it will probably bring a peak in 2029...so it's very hard to expect this year to see a new ATH, it's very hard and very unlikely to happen....

Let's start a new DCA and start buying some cryptocurrencies to accumulate again...

I don't think I would agree with your belief that it is hard to see another ATH of Bitcoin this year 2025. A new ATH will be set before this year ends, it will be pretty much above the current ATH of $109k.

However, DCA strategy is advised because that will give many profits to investors when the market begins to boom very soon this year. Missing out from it, it is not a good option for someone who aims to make profits from the crypto investment this year.

[omori]

I don't think I would agree with your belief that it is hard to see another ATH of Bitcoin this year 2025. A new ATH will be set before this year ends, it will be pretty much above the current ATH of $109k.

However, DCA strategy is advised because that will give many profits to investors when the market begins to boom very soon this year. Missing out from it, it is not a good option for someone who aims to make profits from the crypto investment this year.

With BTC, we don't really care whether it's a new ATH or not - we just buy in, hodl, and have the value of our BTC increasing no matter the case in the long-run.

[JoyMarsha]

I don't think I would agree with your belief that it is hard to see another ATH of Bitcoin this year 2025. A new ATH will be set before this year ends, it will be pretty much above the current ATH of $109k.

However, DCA strategy is advised because that will give many profits to investors when the market begins to boom very soon this year. Missing out from it, it is not a good option for someone who aims to make profits from the crypto investment this year.

With BTC, we don't really care whether it's a new ATH or not - we just buy in, hodl, and have the value of our BTC increasing no matter the case in the long-run.

That's all acceptable for someone who has a long term investment plan for their Bitcoin investment. For someone who doesn't, but aims to make profits in this upcoming bull run will prefer to buy Bitcoin when the price is not high above $100k. This price is quite okay for them to see some gains before the end of this year's bull run.