Are you feeling FOMO like I am? - page 3.

blckhawk

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Quote from: Webetcoins on December 08, 2023, 09:46:12 AM

Not me, but my spouse does, for sure. Every time Bitcoin goes up at least $1k, she asks me if she made a mistake by not buying more earlier, and then she goes ahead to buy a small amount and sells it for a small percentage of profit and then regrets when the price goes even higher, lol. That happens with everyone, trading cryptocurrencies is a roller coaster and one will always have mixed emotions unless they have planned and decided everything beforehand.

People who have or had liquid assets when the market was still low, like around $26k, and didn't buy Bitcoin or anything and they have seen the market coming this far will surely feel FOMO throughout the run that we have seen, and it's natural because you see yourself losing out on great profits when you also had money to invest.

Fun story, I can attest that it definitely happens to the best of us, you selling for a small profit and then the price starts surging again which is a doozy for you but I have learned to not care too much about what happens after whenever I sell a small portion of my bitcoin hoard to buy some stuff that I want to buy. The best thing to do when you feel that feeling of missing out or that you should have sold a bit later to enjoy a bigger profit is just think of selling that bitcoin and making a profit out of it as free money that you did not work too hard to get and that you're just enjoying that free money and it should be a mindset for us that free money should be guilt free.

Mauser

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Quote from: Fivestar4everMVP on December 05, 2023, 03:23:45 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?

I am also excited for Bitcoin to have a small rally before Christmas. To me it was just a matter of time before the crypto boom would come back. Any price levels above 40k USD are huge and I hope that we are going to stay on those levels for next year and not fall back down again. FOMO can be a risk when we are only running behind the trend and never actually participate. As long as you already own Bitcoins and participate in the current rally, I would try to not start buying large amounts now for the fear of FOMO. In my opinion the best approach to acquire crypto currencies is still the DCA method and it worked really well in 2023. Buying a fixed number of coins every month or every two weeks, is going to lead to a great average purchase price, as the long-term trend of Bitcoins is positive. We need to be realistic when it comes to FOMO, buying now large amounts would mean that we think the rally is just starting and there is a big upside potential. In case you don't own any Bitcoins at all I would consider buying some, in any other case I would just keep my current ones and wait for a new ATH before taking profits.

Webetcoins

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Not me, but my spouse does, for sure. Every time Bitcoin goes up at least $1k, she asks me if she made a mistake by not buying more earlier, and then she goes ahead to buy a small amount and sells it for a small percentage of profit and then regrets when the price goes even higher, lol. That happens with everyone, trading cryptocurrencies is a roller coaster and one will always have mixed emotions unless they have planned and decided everything beforehand.

People who have or had liquid assets when the market was still low, like around $26k, and didn't buy Bitcoin or anything and they have seen the market coming this far will surely feel FOMO throughout the run that we have seen, and it's natural because you see yourself losing out on great profits when you also had money to invest.

AicecreaME

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There's nothing wrong buying bitcoin right now, if you really want to and you know what you're doing.

I've never feel FOMO to be honest, because I know there's only limited amount of bitcoin I can accumulate in a certain period of time. I don't stress myself out on something that I don't have any control or anything. I'm happy on whatever I have, what matter is that I can also have a profit when Bitcoin's gonna make another all time high in the future.

Ale88

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Quote from: Fivestar4everMVP on December 05, 2023, 03:23:45 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?

I feel like we're going up too much, and also too quickly. It's been, what, 2 months since the last time BTC took a little break? Of course I'm happy when it goes up but at the same time I don't feel like this is good in the long run, it has to slow down otherwise there is the risk to see a massive sell off after the ETF gets approved. I'm not sure I would buy more in this situation, I don't think it would be a smart move.

hd49728

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Quote from: ancafe on December 07, 2023, 09:53:29 PM

Long-term holders will definitely be much more profitable because the price will continue to soar according to the current cycle. It is normal to be emotional when the bull season arrives because we see prices rising slowly which makes people feel regretful when they did not buy before the bullish season.

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.

How to back up a seed phrase?

It is not like a paranoid thinking but it is a vital and strong reminder for everyone who want to build up their wealth with hodling.
Reminder: do not keep your money in online accounts

ancafe

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Quote from: flyingcarpet on December 07, 2023, 03:31:41 PM

Everyone invests according to their own plans and expectations from the future. Everyone's emotions are different and investing may vary accordingly. I think no one is at fault because not everyone invests the same way. The important point here is that the investor makes his investment according to a plan and follows his own plan.

Everyone has different plans when investing and the availability of capital does not stop us from continuing to collect bitcoins. Investing must be done responsibly and overexerting yourself can affect your psychology so it must be a reasonable amount so that you can be responsible and can make it feel comfortable to do so.

Quote from: flyingcarpet on December 07, 2023, 03:31:41 PM

We all know bull season is coming. If you are an investor who knows how to wait, you can eventually make a profit. We can sometimes act emotionally when investing, and I think this is something that can change with experience.

Long-term holders will definitely be much more profitable because the price will continue to soar according to the current cycle. It is normal to be emotional when the bull season arrives because we see prices rising slowly which makes people feel regretful when they did not buy before the bullish season.

GiftedMAN

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FOMO is a normal thing but letting FOMO stop you from facing the reality is going to be a regrettable mistake whi h I think the op don't want to make or do you? If you are a strong holder keep still because there is a tendency that the price of Bitcoin may hit $50k before the end of December don't let the rise and fail of the price stop you from accumulating more if you are capable. Personally Fomo lest me when I saw the price move to $35k I was a bit relieved because I thought Bitcoin price will still go down maybe till 2024 but I got it all wrong seeing that the price hit to $44k and still going to go up soonest.

flyingcarpet

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Quote from: tjtonmoy on December 07, 2023, 12:49:08 PM

Quote from: Fivestar4everMVP on December 05, 2023, 03:23:45 PM

Anyone else feeling same way?

Maybe a little bit but not entirely. I have been accumulating Bitcoin for a while now. I am seeing some profit from my investments, but that doesn't mean that I will invest more because of the recent market condition. It is already known that Bitcoin will eventually cross all the boundaries and make a new all-time high in the next bull run. So why is it that now we should feel FOMO?

I am happy with my investment and the profit is going to be good. Just by watching the current market price, if you feel like investing, never do that. These are short term hype that has nothing to do with the long term plans. See the bigger picture and don't feel emotional.

Everyone invests according to their own plans and expectations from the future. Everyone's emotions are different and investing may vary accordingly. I think no one is at fault because not everyone invests the same way. The important point here is that the investor makes his investment according to a plan and follows his own plan.

We all know bull season is coming. If you are an investor who knows how to wait, you can eventually make a profit. We can sometimes act emotionally when investing, and I think this is something that can change with experience.

Mate2237

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The rise of Bitcoin makes many to be happy because that is what everyone is waiting for. And for those who have been investing since when Bitcoin was at the rate $16k last year will be very happy to see this price like this. And the time when this thread was created Bitcoin market e was on green and the price surpassed the $44k before coming back to $43k today as of this comment. And we all know that the price is volatile so if anyone who is interested to purchase Bitcoin as the op said that he is interested to accumulate more can so now.it is not too late.

Dump3er

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Quote from: AakZaki on December 07, 2023, 02:23:40 PM

Quote from: GreatArkansas on December 05, 2023, 08:34:19 PM

Seems a really FOMO experience Cheesy

That's bad news for you mate. For sure in your country, they are very strict when it comes to Bitcoin or any cryptocurrency transactions.
It's fine, maybe you can just buy some stablecoin and wait for some pullback or dip so you can properly positioned.

I think everyone who trades has experienced FOMO. So am I, but I have learned from my trading experience. So right now I'm avoiding FOMO. There is indeed a sense of difficulty eliminating but when you are disciplined then I believe slowly you can eliminate FOMO. Indeed, the first key is mental and emotional, if you are able to control both then discipline with a target will be easy to do, so you will avoid FOMO.

It probably depends on the portfolio someone is holding. If you are invested quite a bit already, FOMO may not be a big deal every single time the green candles pop up. But if someone just found out about BTC or dared to invest small amounts, I think FOMO is much more of a thing to that person.

But yes experience is huge here. Everyone who went through the stormy weathers that BTC held for us in the past, is better equipped with the tools to cope with emotions during crashes or moon rides. We all know where it can end!

I remember the days when FOMO hit me hard or anxiety to lose it all. I think nothing can take that away from you except for experience.

AakZaki

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Quote from: GreatArkansas on December 05, 2023, 08:34:19 PM

Seems a really FOMO experience Cheesy

That's bad news for you mate. For sure in your country, they are very strict when it comes to Bitcoin or any cryptocurrency transactions.
It's fine, maybe you can just buy some stablecoin and wait for some pullback or dip so you can properly positioned.

I think everyone who trades has experienced FOMO. So am I, but I have learned from my trading experience. So right now I'm avoiding FOMO. There is indeed a sense of difficulty eliminating but when you are disciplined then I believe slowly you can eliminate FOMO. Indeed, the first key is mental and emotional, if you are able to control both then discipline with a target will be easy to do, so you will avoid FOMO.

tjtonmoy

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Quote from: Fivestar4everMVP on December 05, 2023, 03:23:45 PM

Anyone else feeling same way?

Maybe a little bit but not entirely. I have been accumulating Bitcoin for a while now. I am seeing some profit from my investments, but that doesn't mean that I will invest more because of the recent market condition. It is already known that Bitcoin will eventually cross all the boundaries and make a new all-time high in the next bull run. So why is it that now we should feel FOMO?

I am happy with my investment and the profit is going to be good. Just by watching the current market price, if you feel like investing, never do that. These are short term hype that has nothing to do with the long term plans. See the bigger picture and don't feel emotional.

m2017

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keep walking, Johnnie

Quote from: Fivestar4everMVP on December 05, 2023, 03:23:45 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,

I wouldn't rush to conclusions. It's still too early for bull season. Prepare yourself mentally that there will (we may see) a sharp drop.

Quote from: Fivestar4everMVP on December 05, 2023, 03:23:45 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.

Seeing the rising price of bitcoin often gives a similar feeling of “we need more ~~gold~~ bitcoin”! There's nothing you can do about it.

You should have stocked up more bitcoin while it was available, but, as always, you doubted (in bitcoin) and only new hype (fomo) and greed are forcing you to now want to get more bitcoin.

Quote from: Fivestar4everMVP on December 05, 2023, 03:23:45 PM

Anyone else feeling same way?

You have the behavior of a capricious investor, while true investors act with a cool head.

Only beginners.

Altryist

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Quote from: WhyFhy on December 07, 2023, 06:50:24 AM

I feel like I could have acquired more yes.
I also feel some type of way about them calling it a super cycle and I'm not holding more.
But I've learned over the years crying over realized losses isn't going to make gains or really benefit me in any way.
I'm counting my blessings , if I'm meant to have more then it'll come my way.

You should not regret if you missed some opportunity, I always tell myself at such moments that if there was this opportunity, it means that there will always be another one. So take this missed opportunity as a lesson you need to learn so you don't miss out on the next opportunity.

And I will tell you that there are always opportunities around us, this applies not only to investments in cryptocurrency, they are truly always around us, we just need to pay attention to them.

We are now approaching a bull market, so we should not sell the coins that we have now, the coming years will be very good for cryptocurrency, and we should not give in to any FOMO, we hold and wait for our goals.

Blitzboy

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Quote from: justdimin on December 07, 2023, 03:22:24 AM

Quote from: Aanuoluwatofunmi on December 06, 2023, 09:43:02 AM

Quote from: Franctoshi on December 06, 2023, 08:41:35 AM

FOMO comes when you are not prepared, what is happening now is not new with Bitcoin price movement, we've seen this happen in the previous cycles and here is it again. I'm not moved at all by the recent surge in the price of Bitcoin because I still believe there is gonna be a buying opportunity when it's time, So no need for me to FOMO in, I have been buying gradually since the last dump and I'm patiently waiting for another opportunity to also get some stats, this is how I'm following the market trend.

What should be the only reason for any reason of missing out is when you have your investment majorly on altcoins, you wouldn't know what may comes aftermath of these volatile market as some coins are rising while some are just unpredictable because they are not showing a significant symptoms of pushing forward as the bitcoin market price is increasing, so if one still intend to invest, then it's never too late to make something work out now because we are yet to experience the main bullrun still.

It's important to try to save as much as you can during this period, I have taken a debt right now to pay for some stuff so I can't really save at the moment, and I know that I am going to end up missing the next bull run, but I know that I could make some profit with smaller amounts if I could get in with some of the alts that go crazy, so I am trying to get a small amount to just have a good return from those, I will not get rich, and I will be quite poor even after the bull run, but at least I will be able to say I am poor without a debt, that's my goal.

However, I will keep on saving later on, after the debt is finished, there will be yet another bull run during 2028-2029 and that means I have a lot of time to save a lot of bitcoins aside for those times.

Your approach to financial limits and potential advantages is admirable. One acknowledges your debt predicament; its difficult. Although dangerous, your idea to invest in altcoins in tiny sums is smart. Altcoin markets are volatile, thus great rewards frequently come with high risks.

Your long-term vision is reasonable. Post-debt, channeling savings into Bitcoin for the anticipated 2028-2029 bull run shows foresight. Bitcoin tends to reward patient investors despite its swings. Your desire to be "debt-free", if not wealthy, is realistic and admirable. Not just wealth accumulation, but financial stability and freedom. The path to financial freedom is typically a marathon, not a sprint. Persistence and patience help.

Pablo-wood

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The fear of missing out can become a very dangerous and risky move if it is the reason for buying. It is better if there is a research or analysis done before buying but basing our judgement on the current price might trigger FUD at the end of the day. Take for example an investor might see the the sharp move of bitcoin and feels they will make quick profit by the next bullish push only for them to run out patience because of possible delay in the push and sell out of FUD only to see the price pump after some time

WhyFhy

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I feel like I could have acquired more yes.
I also feel some type of way about them calling it a super cycle and I'm not holding more.
But I've learned over the years crying over realized losses isn't going to make gains or really benefit me in any way.
I'm counting my blessings , if I'm meant to have more then it'll come my way.

justdimin

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Quote from: Aanuoluwatofunmi on December 06, 2023, 09:43:02 AM

Quote from: Franctoshi on December 06, 2023, 08:41:35 AM

FOMO comes when you are not prepared, what is happening now is not new with Bitcoin price movement, we've seen this happen in the previous cycles and here is it again. I'm not moved at all by the recent surge in the price of Bitcoin because I still believe there is gonna be a buying opportunity when it's time, So no need for me to FOMO in, I have been buying gradually since the last dump and I'm patiently waiting for another opportunity to also get some stats, this is how I'm following the market trend.

What should be the only reason for any reason of missing out is when you have your investment majorly on altcoins, you wouldn't know what may comes aftermath of these volatile market as some coins are rising while some are just unpredictable because they are not showing a significant symptoms of pushing forward as the bitcoin market price is increasing, so if one still intend to invest, then it's never too late to make something work out now because we are yet to experience the main bullrun still.

It's important to try to save as much as you can during this period, I have taken a debt right now to pay for some stuff so I can't really save at the moment, and I know that I am going to end up missing the next bull run, but I know that I could make some profit with smaller amounts if I could get in with some of the alts that go crazy, so I am trying to get a small amount to just have a good return from those, I will not get rich, and I will be quite poor even after the bull run, but at least I will be able to say I am poor without a debt, that's my goal.

However, I will keep on saving later on, after the debt is finished, there will be yet another bull run during 2028-2029 and that means I have a lot of time to save a lot of bitcoins aside for those times.

LogitechMouse

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Quote

Re: Are you feeling FOMO like I am?

FOMO?? Hype?? I've seen the market go to a bull run twice, and it came to a point already where I don't feel anything at all when I see the market going up, and at the same time when it's going down.

I don't feel anything at all. No excitement, no sadness because I feel that I didn't accumulate enough Bitcoin, no disappointment, nothing. I mean I don't know, but I don't feel anything. I'm just waiting for Bitcoin and other altcoins to reach my target selling prices. I'm focusing more on my strategy, and being emotional isn't a part of it. I'm disappointed in myself because I didn't sell all of my assets during the last bull run a few years ago, but this time I will not miss the opportunity anymore.

Bitcoin will reach $100,000. That's a fact, and it's only a matter of when it will happen. It might happen on the next bull run which is highly likely to happen, or it might happen on the next bull run after the upcoming one. No need to get FOMO'ed as of this moment. Focus on your strategy (if you have one). Continue saving money so when the market goes down, you have some money to be used in buying assets at a cheaper price.

Topic: Are you feeling FOMO like I am? - page 3. (Read 986 times)