Are you feeling FOMO like I am? - page 2.

BitcoinTurk

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Quote from: Fivestar4everMVP on December 05, 2023, 02:23:45 PM

Anyone else feeling same way?

Following current market conditions and especially the long-awaited break of the 37,300 resistance zone and the break of the 44,000 resistance zone, many small investors think that the bull season has truly begun. Yes, there are various reasons to state that this thought is correct but unfortunately based on our previous experiences we cannot fully enter the bull period mode.

Although I have been waiting for the bull period to come for a long time like many investors, unfortunately it will not be possible to say that I am fully prepared for this period. In order to reach the Bitcoin amount I set as my target for the bull period, I need to buy some more Bitcoin and unfortunately I can add less in Bitcoin every salary period. Of course, I am very close to my target amount for the bull period but it would have been much better for me if the bull period had started after I had achieved all my goals.

siedemtrzy

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Well, I definitely wish I had more BTC. But I bought as much as I could when it was below $20,000. So this feeling doesn't overwhelm me.

Jatiluhung

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Quote from: ChiBitCTy on December 10, 2023, 06:04:18 PM

I think most of us are having the fear of missing out “bug” at this point in time. I often have this feeling when Bitcoin is on a ride, but right now it’s very obvious that Bitcoin is on its way to an even bigger breakout than what we’ve seen so far, especially since the announcement of the first Bitcoin ETF hasn’t even been approved yet. When it does, watch out. Stack on !

If just one Bitcoin ETF application is approved then it means there will be other approvals for bitcoin ETFs submitted by many other companies. And all those companies are definitely going to buy Bitcoin or maybe they started a long time ago. But what is certain is that the price will definitely rise very quickly. FOMO will truly penetrate every novice investor, even those who have been around for a long time. Personally, I sometimes still accumulate it again. Like today when bitcoin experienced a rapid correction to the $40,400 dollar area. One of my buy entries was filled automatically. But I don't want FOMO with buying more. I only buy with money I can afford to risk.

ancafe

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Quote from: hd49728 on December 07, 2023, 09:06:47 PM

With long-term holders, they have to beat themselves first, before can get profit from the market.

Because they hold their coins long-term, they must hold those coins safely and there is a vital need for safe storage method. If they plan to hold coins long-term but only let their coins on centralized exchanges, they will be rekted anytime.

That is not a big problem because they understand and almost many people will target long -term for investment in Bitcoin. Planning will deliver this desire because investment in Bitcoin can be done in any amount and if they are consistent, it will slowly continue to grow over time. Of course this will be far more important because the issue of Bitcoin's ownership security must be prioritized and the exchange is not a recommendation for anyone to store bitcoin in the long and short term.

We realize that the exchange is like a place to transit is not a step to store bitcoin safely and before taking the opportunity to undergo investment, we first oversee a safe wallet. When we build the wealth of assets with slowly not thinking about a safe place to store it will actually affect the level of security and that is very important.

Smartvirus

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Quote from: ChiBitCTy on December 10, 2023, 06:04:18 PM

I think most of us are having the fear of missing out “bug” at this point in time. I often have this feeling when Bitcoin is on a ride, but right now it’s very obvious that Bitcoin is on its way to an even bigger breakout than what we’ve seen so far, especially since the announcement of the first Bitcoin ETF hasn’t even been approved yet. When it does, watch out. Stack on !

I don’t very much like to attribute the success of Bitcoin lately to be ETF motivated as, this is even coming to be in times close to the halving. For the most, the ETFs is motivated by the halving as by some means to take advantage of the history it’s known to carry and next halving wouldn’t be any different.
The more reason why, individual and corporate investors should take out their chances now that they have it and stop expecting the coin to drop further. It’s the easiest way to miss out as you really can’t predicted where or how far that little dump would be to provide that buying opportunity rather, you DCA and wait on the halving to come and go before you decide on what phase your Bitcoin investment is going to take.

EFS

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I don't feel that because this is all expected for me. I'd love to collect more coins at cheap prices but this hoarding game would eventually end so why would I feel I miss out on something? You can't save all your life, you need to spend some and these cycles are great way to do that. I can't wait to see new highs and spend some coins. BTW we are still far from those days. Don't be too hyped about small rallies.

mirakal

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Quote from: Fivestar4everMVP on December 05, 2023, 02:23:45 PM

~snip~

Anyone else feeling same way?

I actually feel the same way somehow and for sure to all the people out there who's aware what will be the future price of bitcoin. No one just want to see the price consistently surging high without anything to do, because if there's really enough money to accumulate more bitcoin, I would be the first to do that. For me, FOMOing is not really bad as long as you know what you are doing, why you are spending such amount.

But if you FOMO because you just want to ride with the hype, because the people are busy buying, then I should say that you are FOMOing without valid reason. If you are like that, then the danger of losing your funds is obviously high.

romero121

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Quote from: panganib999 on December 10, 2023, 05:53:50 PM

I do, have been getting thoughts about buying more than what I have right now to achieve more gains in the future but I keep telling to myself that I’d have more chances to do so snd to not let the FOMO get to me.strategically buying your crypto is just as important as buying crypto itself. At least if we’re talking sbout maximizing your earning potential which I believe is something that’s in the mind of the regular investor anyway.

If you want to get into the crypto train this early and this pricey, that’s fine. It’s still great to have you around. But us folks here would wait and see the markets pan out to discern whether buying is the right take to do. So yeah. Good luck to everyone of us I guess.

Considering the potential and the upcoming halving into consideration it is always good to go for more when there is an opportunity. FOMO is common among the people who wants to buy at the lowest price, but they never do it when the price is at the bottom. Keeps waiting and finally invest when the price is at the urge of moving bullish. Whenever we enter the market we need to be good enough to handle upcoming situations, because we can't be sure of the bullish/bearish trend change of the market.

ChiBitCTy

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I think most of us are having the fear of missing out “bug” at this point in time. I often have this feeling when Bitcoin is on a ride, but right now it’s very obvious that Bitcoin is on its way to an even bigger breakout than what we’ve seen so far, especially since the announcement of the first Bitcoin ETF hasn’t even been approved yet. When it does, watch out. Stack on !

Z-tight

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Quote from: panganib999 on December 10, 2023, 05:53:50 PM

But us folks here would wait and see the markets pan out to discern whether buying is the right take to do. So yeah. Good luck to everyone of us I guess.

Isn't that why people 'fomo buy' BTC, because they don't buy any of it when the price is low and a little bit stable, but once the price starts to rise, they want to rush in and buy BTC. Personally i don't think that is the right way to buy BTC, because you can never time the market to perfection, if you believe in BTC and you are in for the long term, it is better you buy using dca, than waiting for the price to rise before you 'fomo buy'.

panganib999

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I do, have been getting thoughts about buying more than what I have right now to achieve more gains in the future but I keep telling to myself that I’d have more chances to do so snd to not let the FOMO get to me.strategically buying your crypto is just as important as buying crypto itself. At least if we’re talking sbout maximizing your earning potential which I believe is something that’s in the mind of the regular investor anyway.

If you want to get into the crypto train this early and this pricey, that’s fine. It’s still great to have you around. But us folks here would wait and see the markets pan out to discern whether buying is the right take to do. So yeah. Good luck to everyone of us I guess.

Dump3er

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Quote from: Maslate on December 09, 2023, 08:04:14 AM

Seeing how bitcoin price has continously made a significant surge, I guess everyone will be easily tempted to ride the FOMO thinking that bitcoin price will be a lot more in the next couple of days and weeks. Even myself if I have the opportunity to buy more, I would glady do that despite of the high, expensive value. But since I have this tight budget, then I should only stick to what I can only afford.

I believe majority here feels the same most especially to those who actually know and have witnessed how bitcoin behaves months after bitcoin halving. But just like me, if your budget is only limited, then I suggest you focus on what you have and just continue seeing them growing in value.

I think that BTC is still a clear buy. Trying to time the market has never really worked for me and if I have cash left over, I usually use it to increase my holdings. Unless something unforeseen catastrophic happens to the network, I have no idea why it would not go back to its former ATH and then even higher. If it wasn't about to go to new heights, why the recovery until where we are now? A lot is happening and now it is only legal stuff that could get in the way of it and slow its development down, but stopping it completely won't happen. As Jamie Dimon said he would shut BTC down if he was part of the government. I wish someone makes him president so we can see how this genius will "shut down" BTC! Cheesy

wallet4bitcoin

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Quote from: Fivestar4everMVP on December 05, 2023, 02:23:45 PM

Bitcoin touched $44,000 dollar for a moment before sliding back a bit to $43,780 dollars (at the time to creating this post).

And this clearly shows that, we are gradually entering the bull season, bitcoin has being on a bullish trend for several weeks now, and seeing the price touch $44,000 dollars today gave me two feelings,

First is excitement, I was and still excited, but somehow, I have this feeling of fomo running through me, I feel like I have not enough bitcoin and I am highly tempted to buy even more now Grin

, this was the same amount of bitcoin I was very comfortable with during the bear seasoning.

Anyone else feeling same way?

You know I once had Bitcoin and I sold it for some reason, now I'm trying to get as much as I can even though I do sell some at some point when I feel the need to. I don't FOMO, I know we have passed certain levels and Bitcoin can't retest those levels but I prefer to be on the positive side of leaving FOMO out of my head, when I can, I buy.

Maslate

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Seeing how bitcoin price has continously made a significant surge, I guess everyone will be easily tempted to ride the FOMO thinking that bitcoin price will be a lot more in the next couple of days and weeks. Even myself if I have the opportunity to buy more, I would glady do that despite of the high, expensive value. But since I have this tight budget, then I should only stick to what I can only afford.

I believe majority here feels the same most especially to those who actually know and have witnessed how bitcoin behaves months after bitcoin halving. But just like me, if your budget is only limited, then I suggest you focus on what you have and just continue seeing them growing in value.

Lida93

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Quote from: Fivestar4everMVP on December 05, 2023, 02:23:45 PM

First is excitement, I was and still excited, but somehow, I have this feeling of fomo running through me, I feel like I have not enough bitcoin and I am highly tempted to buy even more now Grin

, this was the same amount of bitcoin I was very comfortable with during the bear seasoning.

Anyone else feeling same way?

Op that's the "how I wish" syndrome running through your head.

How I wish I had bought much more than I did!

How I wish this... How I wish that...

Innately as humans we are not satisfied with what amount of a thing we own, we can only wish we had more, but have you asked yourself what happens to those that have just a piece/little of what you have, it about those that don't even own it BTC at all?

Maybe with this food for thought we can always appreciate the amount of bitcoin we have been able to accumulate and hodl, and them work out ways to continue accumulating more because that amount bitcoin you think you haven't accumulated well enough is someone's else's dream of reaching at as a bitcoin owner.

So far so good, let enjoy the bullrun and the profits the follows, no FOMO no worries. Grin

angrybirdy

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Quote from: DabsPoorVersion on December 09, 2023, 05:46:23 AM

Quote from: Fivestar4everMVP on December 05, 2023, 02:23:45 PM

First is excitement, I was and still excited, but somehow, I have this feeling of fomo running through me, I feel like I have not enough bitcoin and I am highly tempted to buy even more now Grin

, this was the same amount of bitcoin I was very comfortable with during the bear seasoning.

Anyone else feeling same way?

Personally, No.

Purchasing Bitcoin regularly can help you not to get FOMO'd, no matter what the price is, you won't be tempted because you have a long-term goal. You are being prepared for this kind of scenario and already know what you need to do. The same with the holder which purchased in a lump sum during the bear season, they already prepared their Bitcoin holdings for this bull market.

The ones who are getting FOMO'd are those people who don't have enough experience and knowledge in the market. They didn't prepare for the bull run and didn't want to get left behind. Most of the time, this becomes the reason why they get more losses.

Agree! This is a very common problem for newbies, and most people lose money by making decisions at the wrong time. Those people who are experiencing FOMO are the one who doesn't have enough idea about the market. As we know that FOMO is a common feeling more likely of anxiety, it is liable to lead you to make mistakes like buying more than you can afford. More likely, FOMO will lead you to buy when the price is too high, and sell when the price is too low.

DabsPoorVersion

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Quote from: Fivestar4everMVP on December 05, 2023, 02:23:45 PM

First is excitement, I was and still excited, but somehow, I have this feeling of fomo running through me, I feel like I have not enough bitcoin and I am highly tempted to buy even more now Grin

, this was the same amount of bitcoin I was very comfortable with during the bear seasoning.

Anyone else feeling same way?

Personally, No.

Purchasing Bitcoin regularly can help you not to get FOMO'd, no matter what the price is, you won't be tempted because you have a long-term goal. You are being prepared for this kind of scenario and already know what you need to do. The same with the holder which purchased in a lump sum during the bear season, they already prepared their Bitcoin holdings for this bull market.

The ones who are getting FOMO'd are those people who don't have enough experience and knowledge in the market. They didn't prepare for the bull run and didn't want to get left behind. Most of the time, this becomes the reason why they get more losses.

abel1337

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This is why I accumulated as much bitcoin as I can last bear market. I don't want to get FOMOed at time like this and regret it when hit with a correction. Right now, I'm satisfied with the bitcoin I currently have but I still want to add more if a deep correction occur. Currently, I'm a calm guy that is just waiting for things to happen, whether it continue goes up or go down, I'm all good.

I've experienced being FOMOed and being too late last bull market and I don't want to experience that kind of regret again even I profited last bull market, the profit margin would be much much better if I buy early when the market is in chaos of dumping. I know most of us knows that we will experience a bull market soon, that's why I took advantage of the bear market to get as much bitcoin as I can.

So lesson learned, if you don't want to get FOMOed, do a research as early as you can and take advantage of opportunities to accumulate.

dezoel

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You said it slides back. Then why continue being positive and say that we are now entering the bull run?
What if the thing that happened lately is only just a trap? This is why we shouldn't FOMO. Even without the latest happenings or before we invest in Bitcoin, the excitement is already there. Its level can only go high or low depending on what we saw and hear.

What you are currently feeling there is I think what you don't call a FOMO anymore but it is greediness, because you said you haven't get enough. But then, you also said this was supposed to be the Bitcoin that you are already comfortable with. You should follow this one better.

NASdaq

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Every time before market goes up i told myself "no fomo" and after i get fomo again. Nothing changes...

Topic: Are you feeling FOMO like I am? - page 2. (Read 1120 times)