i felt that excitement too sometimes, the excitement lead those people to get rush, and they making a mistake, thats the sad part..but i know there are people who are trying to trust bitcoin although we see the downfall of bitcoin.. i think this is a challenge for me, for all who wants to get some more nice profit, i think we must need to educate more our selves how to understand more clearly the market flows, the more we understand the market flow, the more we know how to make a great profit and less made a mistake..
It's actually a normal reaction to people seeing bitcoin at all time high and the reaction especially people that are new with bitcoin, they tend to buy btc even if it is still at high price which I think is wrong. For me, buying should be done during the bear market and not during the bull market because we still don't know yet if the bullish run will continue to do so. Instead of earning profit, it may turn out that you might be losing in the end since there are cases that after it had pumped high then later become bear market again. Therefore, knowledge is the key to be successful in the field of cryptocurrency market.