What made yoi think of investing in bitcoin at the current market?

[KingsGambet19]

I was curios that bitcoin had been the favorite discussions inside and outside the forum like news popping out in regard to sudden burst of market to bitcoin. I do not know the reason behind the good market o bitcoin but as I learn about it that when demand is higher for bitcoin the market price for each bitcoin will also be directly proportional to its market price.

I just wonder if you want to earn in bitcoin investment then a smart investor would invest in while bitcoin is cheaper and not the current price.

Is there any reason we can think of why people love to invest in bitcoin while market price is high?

[mk4]

Being a smart investor doesn't necessarily mean that you only buy when prices are "cheap". You can still be a smart investor if you invest in businesses or assets that you think will be worth a lot more in the future(assuming you've done the research), regardless of current price.

To answer your question, it's pretty simple. People buy at current prices because they think it will be worth more in the long term.

Also, define "high"? Bitcoin being at 15k, which is approximately 5k away from the all-time high, doesn't make it's price "high". Personally, as a dude who's long-term bullish on bitcoin, I'd even say that 20k is "cheap" when talking about potential future prices.

[20kevin20]

I'd invest in it at any price, honestly. I just know that it gets harder and harder to mine coins, which means the only way price should theoretically move is upwards. The fact that Bitcoin is not linked in any way to our current financial system makes it 100x better.

When people seek for a refuge, they'll become interested in cryptocurrencies. They're just "standalone", uncontrolled. Then, last but not least, privacy is lately fading out and people will want something to get their privacy back. Bitcoin is here for that, although unfortunately a lot of people do not use it the right way and expose their fingerprints and identities everywhere around.

I'd buy at any price because, as @mk4 said above, I personally consider it to be cheap today compared to what I'm personally predicting. It's likely all about time before the next insane bull run begins.

[GreatArkansas]

(....)
Is there any reason we can think of why people love to invest in bitcoin while market price is high?

Aside from getting FOMOd, mk4 is right, if you are for long term on Bitcoin, you will buy at any price even when Bitcoin before lost almost 70% from all-time-high price, but in that case, some are really afraid to buy but now, they think the current price of Bitcoin is too much high.
Another reason is like they recently appreciate how Bitcoin really worth of investment since maybe they notice how Bitcoin rise on how many dumps or pumps happened during these past years.

[mariah.sadio]

People want to believe that this trend will be even higher and bitcoin will cost much more in the next week. That's why thy are buying more. Thats named FOMO

[Yamust]

I think, good investor doesn't think that bictoin price is high, as long as they know that it still get higher in the future. They know that its current market price is not yet its permanent price but it will still get even more higher as the demand for bitcoin it getting higher and higher because of its popularity.

[Upgrade00]

If you consider the price changes in Bitcoin retrospectively, you would realize that the term 'cheap' doesn't really apply. Every spike in price does not make Bitcoin expensive, it's only higher in value than it was some time ago, but as mk4 said, if you consider it to be lower in value than it could be in a future time range, then it is still a good investment.
Investors may have seen spikes like $300-$1000 and assumed Bitcoin to have become expensive and choose to wait for a correction, meanwhile the market rode that waves to as high as $20,000.

I do not know the reason behind the good market o bitcoin

The market price is connected to the fundamentals of Bitcoin. Bitcoin has qualities which an average Joe can think; 'I would want to own one (or a fraction) of that because of <inserts unique quality>', and an investor who may not be interested in those qualities could still want to own Bitcoin cause they feel the demand for it would increase making it a wise investment for profit.
The more demand grows the moe valuable it gets.

[aryadiningrat123]

There are many factors of people who choose to invest in bitcoin rather than investing in companies, because they think it is better to invest in bitcoin if they already understand bitcoin, and for them they are also free to withdraw their funds whenever they want.

[bitzizzix]

In my opinion, bitcoin is an independent investment alias it is not under the auspices of any government or organization and its existence has been supported and validated by many parties so that it has a strong and protected influence.
Investing in bitcoin is very promising and profitable if investing in the long term and the freedom to use it, in the past bitcoin was underestimated by investors and over time became a massive investment arena for investors and even became a means of transnational transactions.
and many other advantages.

[Sayeds56]

I was curios that bitcoin had been the favorite discussions inside and outside the forum like news popping out in regard to sudden burst of market to bitcoin. I do not know the reason behind the good market o bitcoin but as I learn about it that when demand is higher for bitcoin the market price for each bitcoin will also be directly proportional to its market price.

I just wonder if you want to earn in bitcoin investment then a smart investor would invest in while bitcoin is cheaper and not the current price.

Is there any reason we can think of why people love to invest in bitcoin while market price is high?

I take my most decision based on Technical charts and charts show that BTC is up trend now and that is number 1 reason and second reason is election in USA is over now. Hence, US stock market will certainly witness a post elections rally and because of strong correlation, the BTC will rise as well.

[BIT-BENDER]

any reason we can think of why people love to invest in bitcoin while market price is high?[/b]

Not all people buying bitcoin -even at this price- are buying it because of an investment that they would cash out -sell off- in a long or short term. There those who won't sell their bitcoin just to have gains in fiat even if the price gets to $50,000, those are proud bitcoiners, knowing bitcoin utility comes first before bitcoin fiat value, those are the people hoping more than others -investors- that bitcoin get more adoption, and even someone realize this at anytime and chooses to buy, then that could be a reason more than investing.

[kryptqnick]

Being a smart investor doesn't necessarily mean that you only buy when prices are "cheap". You can still be a smart investor if you invest in businesses or assets that you think will be worth a lot more in the future(assuming you've done the research), regardless of current price.

To answer your question, it's pretty simple. People buy at current prices because they think it will be worth more in the long term.

Also, define "high"? Bitcoin being at 15k, which is approximately 5k away from the all-time high, doesn't make it's price "high". Personally, as a dude who's long-term bullish on bitcoin, I'd even say that 20k is "cheap" when talking about potential future prices.

But it really depends on the intended profit and how long one's willing to wait to get that profit. As for me, the price is pretty high right now, and I am not a person who dreams of Bitcoin worth $50k or more. I prefer stability to bulls and bears. $15k is a very good price, and I'd be glad if Bitcoin just stabilized here, the fees normalized and more places started accepting Bitcoin as payment. I would like to be able to use Bitcoin without selling it for fiat all the time. And if the price has to be lower for this, I don't mind. Bitcoin is still largely considered an investment, but I think it undermines what Bitcoin is.

[20kevin20]

As for me, the price is pretty high right now, and I am not a person who dreams of Bitcoin worth $50k or more. I prefer stability to bulls and bears. $15k is a very good price, and I'd be glad if Bitcoin just stabilized here

The way Bitcoin works simply doesn't allow it to be stable. If you're looking for something stable, Bitcoin just isn't it and the past shows it quite well. And tbh, I think a lot of people would lose interest in BTC if it became stable. It's one of the most fascinating things about it.

I'd be glad if Bitcoin just stabilized here, the fees normalized and more places started accepting Bitcoin as payment.

Fees can't be "normalized" if more places start accepting Bitcoin. When demand/number of txs increases, the mempool clogs up. This is one of the reasons it is still largely considered an investment rather than a currency.

And if the price has to be lower for this, I don't mind. Bitcoin is still largely considered an investment, but I think it undermines what Bitcoin is.

Well, I think this is double-edged honestly. While there are some users out there who are using it more as a currency than an investment, we have to think of potential consequences of it becoming more of a mean of exchange than anything else. I don't think we have any fiat currency today that is volatile, so paying for stuff isn't a mess in our daily lives. But Bitcoin is the opposite - imagine paying for an online order worth $1k while Bitcoin's price increases substantially. Before your tx gets confirmed, you'll want to use RBF to get back your money as you now basically have a pending payment worth way more than $1k.

[Lucius]

I just wonder if you want to earn in bitcoin investment then a smart investor would invest in while bitcoin is cheaper and not the current price.
Is there any reason we can think of why people love to invest in bitcoin while market price is high?

People who invest when we have a bull market do so because they want to profit from a short-term investment, hoping that in a month or two the price will be even higher. They are not among those who have a surplus of money and can afford not to need that money in the next 3-5 years, and the only indicator that they need to invest is a significant price increase.

Such investment of course has its advantages, but it does not bring a profit like the one made by long-term investment. Anyone who invested at the time of halving a few months ago today has already doubled their investment, anyone who invests today and wants to sell by the end of the year can probably count on a maximum of 20% to 30% profit if the price reaches the previous ATH - and it is not impossible to year ends with a price close to $10 000.

[Astvile]

Is there any reason we can think of why people love to invest in bitcoin while market price is high?

One reason is they where hyped and got carried by bitcoin rising in value in a fast phase, they buy because someone said that hey this is good go hop in. Second reason is too much hope or lets just say too much expectation without the proper research, they think that bitcoin price is pumping I should ride and get some money but ended up losing a ton just like what happened to many when bitcoin reaches $20k mark back in late 2017.

[masphie]

I think they have an analysis that bitcoin will continue to rise in the next week or next month.
Even if their analysis is wrong, they will not be afraid. Because the bitcoins they have bought will not be lost.
They only need to wait for the bitcoin price to be above their purchase price, after that they sell.

[Sayeds56]

I'd invest in it at any price, honestly. I just know that it gets harder and harder to mine coins, which means the only way price should theoretically move is upwards. The fact that Bitcoin is not linked in any way to our current financial system makes it 100x better.

When people seek for a refuge, they'll become interested in cryptocurrencies. They're just "standalone", uncontrolled. Then, last but not least, privacy is lately fading out and people will want something to get their privacy back. Bitcoin is here for that, although unfortunately a lot of people do not use it the right way and expose their fingerprints and identities everywhere around.

I'd buy at any price because, as @mk4 said above, I personally consider it to be cheap today compared to what I'm personally predicting. It's likely all about time before the next insane bull run begins.

I think as long as BTC remains 13200 , it is worth buying and I am pretty sure history of 2017 will be repeated once again and it will break it all time high Record. The lesson of the History is that it always repeats it self and Dilemma of human is we never learn lesson from history.

[Wexnident]

Market price being high is just dependent on the prices these past few months, we've experienced an ATH of around $18k, so calling it hight should be wrong imo. Also if you were to compare it to the past when it rose to the ATH, and now, you could actually see a difference in where the growth today is gradual, and hopefully would continue to do so in the future, to provide a solid foundation for the market price. The priice reached ATH back then could be described as a bubble, which isn't really something you'd want to see in an investment you want to grow.

Plus, no matter when you buy, most people would still think they'd profit. It may not be today, tomorrow, or the next week, next month, but as long as you wait, but there's little doubt for most people that they would still profit, mostly due to their trust with Bitcoin as a form of investment.

[TGD]

Being a smart investor doesn't necessarily mean that you only buy when prices are "cheap". You can still be a smart investor if you invest in businesses or assets that you think will be worth a lot more in the future(assuming you've done the research), regardless of current price.

Agreed, I believe smart trader is what he really want to define and not investors. Investors always enter to a business that has a future price growth regardless what is the current as long as it show a good sign of future gains.


Answering OP, The reason why people still entering while price is high is because of the word "Opportunity". Most the traders wait for this price pump for so many years and do you think you can wait again another 3 years to buy cheap BTC while you know that BTC can go higher on the current price due to its previous ATH?

And also, in trading, The best way to enter in to a position is when there is a clear price trend. On this case, BTC is on bull run and riding the wave is the safest way of trading rather wait for low price to buy without any confirmation.

[ChrisPop]

Is there any reason we can think of why people love to invest in bitcoin while market price is high?

While for many people the current Bitcoin price is relatively high, for other it might be a low price. Therefore they buy every dip they catch.

If Bitcoin is really a proof-of-value asset aka a better version of Gold, its price should be in the upper $100,000s. In order to have liquidity at that levels we need massive institutional support. The good news is we see companies and funds constantly accumulating. I'm confident that slowly we'll get there.

If I would live in hyperinflationary countries like Venezuela I would be mega happy to put all my savings into Bitcoin if I wouldn't have access to precious metals ETFs in which case I would create a portfolio.