Topic: Are you feeling FOMO like I am? (Read 986 times)

Yes, many investors think that the bull market has begun and current conditions actually support this but compared to previous bull periods and previous bull trap experiences, I don't think we are in a completely crazy bull period yet. My guess is that if we are in the beginning of the bull period, we will truly feel it in the next few months as you mentioned. Especially due to the Christmas and new year in the coming period, it is highly likely that there will be possible relaxations in the market and we will encounter new buying opportunities.

Especially considering the past bull periods I think that in the event of a possible hard bull period we will see serious money inflows in the market and many successful crypto projects especially Bitcoin gain value. However, this time instead of seeing every cryptocurrency rise wildly during the bull period, we can only see the rise of seriously successful cryptocurrencies. In this process, I also think that Bitcoin can reach a new all-time record and even reach a value of over 100,000 USD if some surprises occur. Of course, the 200,000 USD level seems a bit unlikely at the moment but since many investors are hungry to make profits there may be a crazy price increase after a serious money inflow and we may see the price levels we mentioned in the next few months.

I actually predicted Bitcoin to reach $40-$50k towards the end of the year, and I am not surprised at the price because for the past 11 months, the price has always remained around $20k-$30k. It's just this month that we saw the ATH for this year, and it could also be that the price will not fall back to $30k again. I'm kind of feeling bullish already.

@OP, I don't think any new investor in Bitcoin (or someone who have less than 10 Bitcoin at least) will actually feel satisfied with any amount of Bitcoin that they are holding. Investors always want to accumulate more because they feel they have not held enough. Likewise, even if I have up to 100 pieces of Bitcoin, there is no way I will settle with it if there is every possibility that I can still acquire more Bitcoin. So, that's your feeling, which is actually normal.

Yeah, Considering where we were just a month ago, $41k is a pretty healthy position for Bitcoin to be in.  We've definitely seen this sort of pullback in price before, and more often than not it leads into another push higher.  The fact that bitcoin bounced right around $40,700 seems promising.  I'm pretty optimistic we'll see bitcoin start marching upwards again soon and  overall things still look bullish to me in the bigger picture. I'm not saying that this is guaranteed to happen, but it's certainly a possibility. Bitcoin has a long history of making big moves, and I wouldn't be surprised if it does it again in the near future.

Btc is now trading above 41k which is still positive as there is big support around 40k. If btc break this support then we might see straight dump to 38k which will be not good sign. Yesterday price drop below 40700 and fear created but now everything looks well. Btc is gradually moving upward , very close to 42k. Since this is temporary dump which is healthy which provide a bullish opportunity. If btc remains stable here for some days then very soon we will see price above 48k.

But it is like buying Pokemon cards hoping that one of them will explode one day and make me rich. But can that really be considered fun considerate? I think when someone wants to get involved with cryptocurrencies, there is a big difference if they choose to invest in BTC while educating themselves about it and maybe contributing themselves through writing, coding, whatever else they could do, or they choose to invest in some shit coin just to hope to double their money at some point. I admit I have done that myself when exploding shit coins were still a thing, but I would never recommend anyone who is serious about innovation and decentralized networks to get into some shit coin. If someone wants to double their money, rather roll the dice.

It is simply this way, whoever does not understand what volatility is, do not invest in Bitcoin. Even in the middle of the bull market when ATHs are beaten there are also downturns where some people get scared and sell because they think that the big drop has just started and it is better to sell before the price goes down more. Some people go from FOMO to FUD in a matter of minutes.

Bitcoin price touched $44k and crossed $44k within few days but now we are seeing some dumping in the market. However, I think this is a temporary dumping of the market and the market will pump again very soon. There will be no surprise if the market comes to $39k from the state it is in. It seems to me that the market can get back to $39k and pump big again from $39k and Bitcoin price can reach $48k with a big pump. I shared the matter only with my little knowledge prediction and that is what I think. The Bitcoin market is close to $39k so we can expect the market to pump heavily from this situation. As an investor I expect that 2024 will be a positive start for Bitcoin.

Since I learned how volatile the crypto market is long ago, I don't try to force myself to invest in bitcoin out of FOMO again. Investing in Bitcoin out of Fomo can make a person think about his or her bitcoin investment each time the Bitcoin price falls below the price invested. But if you were to invest in bitcoin in DCA strategy, whether Bitcoin is on its rise or not, you wouldn't have a fomo attitude because you have been investing before the increase in Bitcoin price began to skyrocket to $40k above.

We don't know. But if they do then there's still the halving that's coming for Bitcoin and they cannot skip that part because the altcoins season might also come. If they seem to be over then, there's nothing we can do right now or I mean the meme coin holders because that's all what they have to do on their end, wait again until the boom starts to come.

They need to understand and accept that for real. BTC have that advantage although the risk remains on it but with its status on the market now, it's a choice that they've got less worry.

I understand being around 41k is a little "fearful" for some people, we were on our way to 45k and nearing that level and everyone assumed that it would be possible and suddenly we are all out, so I do understand the situation, its not that easy and its not something that we would all want, its unwanted when its lower. However, you need to understand that you need to have downs for ups to make sense. Plus, we are not that far off, its less than %10 away, another 4.1k increase (%10) means it would be something like 46k+ so much more than what it peaked, we are that close to going to a new high again, its not down too bad yet, and there is absolutely no need to have any worry about the situation.

I think most of this meme coin FOMO is over, thank god! I agree that some of them were good for a laugh and when you take DOGE, it was funny what was happening around it and how that coin could establish itself at the top of CMC, but honestly it became ridiculous when the fifth coin with a dog or the third coin with a frog was pumped and made it speculators lose money. However, if someone ever lost money on a coin with a dog or a frog, I doubt that they deserve a lot of empathy. I think nobody would expect an investment into these types of collectibles to make them rich outside of crypto. They are memes and the value itself is a joke for its most part.

BTC FOMO is less dangerous than the meme coin or shit coin FOMO as BTC will actually not go to zero and has excellent prospects to recover if someone got the timing totally wrong or was unlucky. At least that person isn't left with vaporware afterwards.

This is a better FOMO than the others that we've been having with several altcoins. Mostly today with meme coins, too much FOMO is happening there. People think that they'd get millions of money by having billions of meme coins that haven't been pumped yet. The jackpot in the lottery as it seems but the closer to the reality is to get FOMOed with Bitcoin. Not yet on the peak but we're starting to see the bull run.

Its not surprising to see everyone get tempted with FOMO since bitcoin position is really doing well, although it's price is currently showing a price decline. But we all know it will skyrocket again and reach another new heights. However, if you have already gained sufficient amount to hold for long term, then no need to FOMO, at least you have lessen the risk of losing. But for those who wish to FOMO, my only advice is, invest at your own risk. Spend an amount that you will not be needing to pay your bills or rentals.

Even myself, I also feel riding with this FOMO. And most likely, I will get there soon once I have gained spare money to invest.

Anyone who already has a fundamental understanding of the Bitcoin market will know already how and why Bitcoin is at its current price,  because a lot of times Bitcoin have made similar price movement and for sure,  this will not be the last time to see such Bitcoin market movement most especially in price benchmark and in between mini bull run, what we have now if you missed out of the trend,  instead fomo,  you should prepare ahead of the next market possibility unless we already hard the last bitcoin price discount level but I am sure we will still have a long time to wait for such bottom touched price such like we hard in the last time when Bitcoin touched 15k.

Those who bought at the 15k Bitcoin discount price are already in profit by now,  while those who bought Bitcoin when the price was around 45k-50k will be seeing the current Bitcoin price as just recovery and nothing more to it and will still have a long time to wait for the price to gain more for them to be in profits.

If in doubt, then wait. Well, it is normal to feel such way 'coz the market price is continuously increasing at this moment. Nothing's guaranteed but have we ever saw the market value of Bitcoin to consistently and continuously increase for a long period of time? What goes up must come down right? If we would look at the charts then there's a huge overbought to its price which means there's a tendency for a price correction at any moment. Keep in mind that the market value of Bitcoin is naturally volatile; it would have an increase instantly therefore there are still opportunities to re-enter.
He can make an entry even if with the present market value however if ever sudden dump will take place, he should be firmed and be able to avoid selling due to panic. It'll go up again but problem is for how long will it be able to recover. So if others are planning as well, be ready to endure seeing dumps once it happen.

Unless you're in DCA mode, which I would think most of us with full member status and above already are doing in some way or other right? I never need to fomo already since dca keeps me on a strict diet I mean, I couldn't even really do more even if I felt itch to fomo unless I take out a loan. And I strongly advice to go against loans

Stack on people. Try not to fall for alts

Quick one. Make I congratulate you first for your rank up. You don try. Two crayfish for you!

Back to the issue. You delayed to this point before taking position on Bitcoin? Is that what you're saying? Well, it's never too late. I took a position on Bitcoin and threw in huge cash a few weeks ago when it was still in that $30k – $34k range. I regretted when I didn't do it when it stalled at $22k – $23k. So, buying now shouldn't also be seen as FOMO; it's a reality of price rallying up in preparation for bull run. All you've to do is watch price levels and be buying in bits once there's correction. That's what I would do if I were you.

I understand. Even if the feeling of FOMO is not a good thing, I do not support it, buying BTC at an appropriate price could earn you way more profit than just buying it when ever you get the money to buy BTC. Let's say you bought BTC when it rose to 44k and then it fell to 30k. You would think BTC is just a waste but buying lower and keep holding as it gets higher could benefit you more than when you buy higher

Since you like buying I think using Dual Investment would be helpful

I also think that bull market is started but in low intensity as of now however it may get more intense in coming months. We might have a better surprise for this Christmas and there can be another upward moment at that time. The bull market always gives up possibilities and this time we may see a lot of money entering into crypto market.

I believe that in this bull run we may see unexpected values of Bitcoin and many other altcoins. Bitcoin may grow as high as $200k or even more and I believe that Bitcoin can easily reach $100k to $120k in this bull run. The market is growing and the investors are also growing so we may have great surprises in this bull run.