Why are people so crazy about buying Bitcoin?

[DavetJack]

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.

We know that Bitcoin is the world's first open source fiat currency, which we call a digital currency. However, this currency does not require any special institution to transact. Why are people so interested in buying Bitcoin? The things we use for daily paper exchange can be dollars, money or rupees. The things we use and it is a currency. Similarly, people in almost every country transact with Bitcoin and use it in various businesses. We know that although it is a currency in name, it does not exist in reality, it exists only in the virtual world. We can understand that about seven years ago, i.e. from 2016 to 2018, the price was about 20k +. And we have seen that by 2024-2025, it has changed a lot, which has become about 100k. In fact, why would people invest here, where the money of a few years is doubling even if it collapses, it is normal to invest there.  And also, since it has been legalized in almost all countries and is used by many people for many types of transactions, everyone is so interested in Bitcoin and they want to buy it.

[$crypto$]

Even people who have large funds I think they apply this strategy, although maybe not as intensely as we do it.

This is a promising strategy and we can not only theorize, but can feel the results ourselves. In fact, most of the people I meet do this, especially those who have a financial situation that is not like whales.

Indeed, the DCA strategy is a strategy that can be applied by everyone, regardless of the investor’s financial situation or position. Especially those who wish to pay close attention to reducing timing risks and the emotional impact of investing. But of course the DCA isn’t complete without a solid backup fund(s) and of course a long term perspective of the asset. And it’s important to note that this strategy doesn’t only apply to Bitcoin but also on some other investments with potential for long term growth.

That's right, however we must have a reserve fund to be able to hold on for a long time. Emergency funds are also important, because we never know what we will experience, not hoping but we must prepare ourselves.

Don't let the investment that we have maintained for years have to be sacrificed because we forgot not to prepare an emergency fund which would be very helpful in times of emergency.

[densus88]

Even people who have large funds I think they apply this strategy, although maybe not as intensely as we do it.

This is a promising strategy and we can not only theorize, but can feel the results ourselves. In fact, most of the people I meet do this, especially those who have a financial situation that is not like whales.

Indeed, the DCA strategy is a strategy that can be applied by everyone, regardless of the investor’s financial situation or position. Especially those who wish to pay close attention to reducing timing risks and the emotional impact of investing. But of course the DCA isn’t complete without a solid backup fund(s) and of course a long term perspective of the asset. And it’s important to note that this strategy doesn’t only apply to Bitcoin but also on some other investments with potential for long term growth.

That's right, however we must have a reserve fund to be able to hold on for a long time. Emergency funds are also important, because we never know what we will experience, not hoping but we must prepare ourselves.

Don't let the investment that we have maintained for years have to be sacrificed because we forgot not to prepare an emergency fund which would be very helpful in times of emergency.

I also agree with you, we should have an emergency fund so that if there is a sudden need that needs to be met, we still have funds to meet the need. and our crypto investment is not disturbed.
I also always prepare a reserve fund for my family. because I think this is very important

[$crypto$]

That's right, however we must have a reserve fund to be able to hold on for a long time. Emergency funds are also important, because we never know what we will experience, not hoping but we must prepare ourselves.

Don't let the investment that we have maintained for years have to be sacrificed because we forgot not to prepare an emergency fund which would be very helpful in times of emergency.

I also agree with you, we should have an emergency fund so that if there is a sudden need that needs to be met, we still have funds to meet the need. and our crypto investment is not disturbed.
I also always prepare a reserve fund for my family. because I think this is very important

Yes, that's also what I do.

Maybe some people think it will be difficult when their income is not big. I do too, but I try as much as possible to make a budget from my income, even though it might be divided with other things, but that doesn't matter at all, because what we do is also for our own good.

Don't think about the nominal, but we have to be consistent, and actually we can also find additional income.

[vegasus]

That's right, however we must have a reserve fund to be able to hold on for a long time. Emergency funds are also important, because we never know what we will experience, not hoping but we must prepare ourselves.

Don't let the investment that we have maintained for years have to be sacrificed because we forgot not to prepare an emergency fund which would be very helpful in times of emergency.

This is one of the plans that I will re-manage better for the bullrun process later and what about the ebarish era. Because so far, you have not been able to optimally prepare the possible reserved funds, so several times I have had to sell crypto assets for certain needs.

and also, when there is no free money set aside, then I also can't do anything when the Bitcoin price is dropping and correcting because there are no funds to buy it, even though it is a very high chance. So, this is a very important lesson for the future regarding financial management that is more prepared and wise.

[$crypto$]

That's right, however we must have a reserve fund to be able to hold on for a long time. Emergency funds are also important, because we never know what we will experience, not hoping but we must prepare ourselves.

Don't let the investment that we have maintained for years have to be sacrificed because we forgot not to prepare an emergency fund which would be very helpful in times of emergency.

This is one of the plans that I will re-manage better for the bullrun process later and what about the ebarish era. Because so far, you have not been able to optimally prepare the possible reserved funds, so several times I have had to sell crypto assets for certain needs.

and also, when there is no free money set aside, then I also can't do anything when the Bitcoin price is dropping and correcting because there are no funds to buy it, even though it is a very high chance. So, this is a very important lesson for the future regarding financial management that is more prepared and wise.

There is still time to fix everything, and I do it slowly and with a process until I finally find the right formula to do everything better.

And also we have to keep thinking about turning money over, I usually save money for emergency funds and when the amount is quite large, then I can allocate some of that money for investment and I continue to do that cycle.

[densuj]

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 boom is exciting, and it’s natural to want to join the rally. While it’s not inherently wrong to buy now, the high price and euphoric sentiment suggest caution. DCA remains your best bet to navigate uncertainty, as you noted earlier, allowing you to capitalize on dips while avoiding the risk of buying at a peak. If trading, wait for high probability setups and stick to strict risk rules. The market will always offer opportunities, don’t rush in just because others are.

Many people find it challenging to deal with fluctuating markets especially when prices are soaring high. It is vital, however, not to see long-term investment as a ride that one needs a life jacket. People usually do not take many risks when the prices are high especially if they will be involved when making a large purchase. With this concept of valuation, you will be in a position to avoid purchasing commodities at the highlier price since you are buying the same products in portions. It is a good idea to use this strategy to avoid getting burnt and book profits but at the same time stay relevant and invested in sustainable funds.

Navigating fluctuating markets can be daunting, especially during price surges. Viewing long term investment as a steady journey rather than a risky ride is key. High prices often deter risk taking, particularly for significant purchases. Adopting a valuation based approach, such as dollar cost averaging, allows investors to buy assets in portions, avoiding overpaying during peaks.

This strategy mitigates losses, secures profits, and maintains market exposure. Staying invested in sustainable funds further balances risk and reward. By focusing on consistent, disciplined investing, individuals can weather volatility, capitalize on opportunities, and build wealth without the constant fear of market downturns.