Exactly that is what is happening right now. The market is on the rise at a high pace. People who see this don't want to miss the opportunity of investing into cryptocurrencies and making a good profit. They are just FOMOing now. And FOMO is not a very good thing. It can make someone lose a lot of money in some situations. People should be aware of this before making an investment. Panic-buying is not your friend.
I don't support buying just because of the
Fear
Of
Missing
Out either but for Bitcoins, I think it might be a good mistake to make. The price of Bitcoin might swing down once again after a good run but there is genuinely no reason or valid argument one can make against the true value and worth of Bitcoins in the future.
In 2017, when the price went so high and some people purchased at the peak point, it was termed as a foolish mistake of buying at the peak. But look back now and you will still come out in profit if you only held strong through all these years gone by and the same will happen in the future.