Are you feeling FOMO like I am? - page 6.

Ahli38

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

Anyone else feeling same way?

Well sometimes I also have that feeling. So I understand what you feel when you see the price of bitcoin experiencing a big spike in a fairly quick time. But because I have accumulated with DCA since last year and the year before. So I seem to be less carried away this time. But if I still have a lot of capital, maybe I will also start to have FOMO and re-accumulate more. Unfortunately my capital is limited and I only buy or accumulate when I have a profit from my trading activities. And usually I don't really care at what price I buy.

Those who have finished accumulating will definitely be smiling broadly right now. But I hope they can hold their own fingers from rushing to transfer their bitcoins to exchanges and sell them. Grin

I hope they remember their long-term plans. Because it's only the beginning. If there are 4 phases in bullishness, maybe this is only in phase 2.

jamesrford

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michellee

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The bull season is still ahead and this is still just the beginning. After the increase, now the price of Bitcoin is back to the price of $43k and maybe now is the time for a correction. But if the correction this time is not too deep, there is a possibility that Bitcoin prices will increase again.

Yes, that's a normal feeling for @OP and anyone else who owns Bitcoin. They may even be tempted to sell their Bitcoin now, seeing that the price has reached $43k-$44k. But if our target price is still far away, we have to be patient until the time comes. Yes, we have now started to see the amount of profit we get from our investment, especially if the price can reach the last ATH again and continue to increase to reach its new ATH next year or 2025.

I'm still trying to buy more using the DCA method. And as long as the price hasn't reached its final ATH, it's still a good price to buy. Maybe I'll stop buying Bitcoin when it reaches $55k or $60k. But we'll see Grin

YUriy1991

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

Everyone is enthusiastic, looking at market developments like now, I myself see that the price of BTC will continue to rise and there is a possibility of taking a short break at 49K later. because of my previous filing, if the number 40 is broken, it will rise to 45K. If that is also broken, it is possible that the number 49K will come true soon. But it all comes back to demand.

Lorence.xD

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I think it is already normal every time we hit a bull run since we know Bitcoin's price from the past months, where we could've bought a lot of Bitcoins before it reached its current value of $44,000. But as I have been part of crypto for years, there have been a lot of bull runs already for many years, but still the feeling of missing the once-in-a-year bull run is literally FOMO. I am already contented with my holdings, will might still do DCA method for the rest of the days in this years, cause for sure next year Bitcojn's value still might increase as it might reach it's new ATH.

gunhell16

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I don't think so, because right now I'm a long-term holder and doing dca in other cryptocurrencies until there's no bull run and halving. Then even if I do short-term, I still don't think like that.

Because the important thing is that I get a profit within the day that I do trading activity on any exchange. Also, there is no reason for us to feel FOMO in such situations, as you say, dude. As long as what I feel right now is really positive,.

freedomgo

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This isn't the first time I witness a bull run, so I'm not even near to being tempted of getting FOMO.

Too early I guess, although we are seeing a good bull movement but bitcoin hasn't break it's ATH, or even near from it, so let's calm down a bit, wait til it's near as most likely it will break the current ATH, once it happen, then I can't tell anymore if I'd FOMO but most new investors will.

Next stop is $50k? Let's break that $48k resistance first.

https://www.coindesk.com/markets/2023/12/05/bitcoin-blasts-to-44k-on-coinbase-and-could-run-towards-48k-resistance-lmax-analyst/

bluebit25

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I can feel happy when Bitcoin is increasing in price, but to say FOMO follows it, I don't think so because right now my strategy is still clear with it, the accumulation has been planned in advance. That and my goal with this market are always long-term, not relying too much on short-term things to optimize, and sometimes, for me, it is also a risk.

Now that the excitement is ramping up, and it is also attracting many new people to pay attention to bitcoin (crypto), we can fully expect the bull cycle to be in its starting phase. Many people have their doubts, but they also have their own opinions. So investing is not a general category, but each individual has their own plan.

Charmekkd

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

Anyone else feeling same way?

Initially I was also a little affected by FOMO, but I realized again that following FOMO is not a good thing when we are involved in the world of bitcoin investment. So yeah, I just stared at the market, holding back my turbulent feelings. Apart from that, I also think Bitcoin will definitely reach a price higher than 44 thousand dollars. So basically I always remain optimistic about the price of bitcoin.

tread93

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I'm just excited that it's finally got some upward momentum again! I definitely would have to agree, there is always more bitcoin to he gotten while the getting is good! Can you imagine trying to buy once BTC is fully mined?

hd49728

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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.

During FOMO times, it is not wisely to bu even stable coin because the rate of stable coin to a fiat currency usually will be higher, more expensive than normal rate.

Better times to buy stable coin is when there is no big rise or crash on the market, when the market is boring, you will have better rate of stable coin vs fiat currency to buy stable coin and wait for opportunities to buy discount Bitcoin when FOMO effects gone and panic appears on the market.

Quote from: criptoevangelista on December 05, 2023, 09:02:47 PM

when it comes to buy deep the fear of falling further always appears, so the best strategy will always be DCA, regardless of the value. Buy a little a week and make peace with yourself. Don't feel guilty about anything at all, you did what was supposed to be done at the time.

DCA is a very good strategy for investment as it will help to eliminate or reduce fear and other emotional effects. A more important contribution from DCA is it can help you to accumulate bitcoin and increase total value of your investment with time. You even don't realize how much you spend for DCA and what value of your portfolio is after a while. Some months, when you look back and watch your portfolio, you will be surprised with what you already spent for DCA.

criptoevangelista

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Bitcoin found a major trend bottom at the end of last year, it spent the entire year of 2023 increasing in value, when something goes up in price we always think that we have little, but the truth is that there is no way to predict anything, when it comes to buy deep the fear of falling further always appears, so the best strategy will always be DCA, regardless of the value. Buy a little a week and make peace with yourself. Don't feel guilty about anything at all, you did what was supposed to be done at the time.

Jatiluhung

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

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 have the same feeling as you. And I'm sure many other users here also feel the same way. One thing that makes me a little regretful is that I actually had more funds for bitcoin accumulation. But when bitcoin hits 40k I think it will undergo a correction again. So I waited for that to happen. But my analysis was wrong and it turned out that Bitcoin continued to rise to 43-44k. I also feel there is FOMO inside me. But I know I shouldn't get carried away by emotions in situations like this. I'm quite grateful with the accumulated amount I've gotten so yeah this is fine. And I still believe a correction can happen but I don't know when it will happen and to what extent it will happen. But what is certain is that I will enjoy the bitcoin that I have and hold it stronger until Bitcoin actually makes a new ATH. And if the correction doesn't happen again. Well I'm not going to fomo by buying more. But to be honest, my hands are still itching to press the buy button more right now. Roll Eyes

GreatArkansas

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Quote from: WeThePe0ple on December 05, 2023, 07:56:29 PM

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

https://talkimg.com/images/2023/12/05/NBj8j.jpeg

(....)

Feeling the same way and my 2 banks are both stopping me from paying any money to an exchange.
I am so fucking frustrated. I have tried like 20 deposits of which 18 were denied

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.

WeThePe0ple

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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?

Feeling the same way and my 2 banks are both stopping me from paying any money to an exchange.
I am so fucking frustrated. I have tried like 20 deposits of which 18 were denied

hatshepsut93

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

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,

In context of Bitcoin cycles, the bullish season can be confirmed once the price surpassed the ATH, which usually happens many months after the havelning. So the current rally is more likely to be a sign that the bull run is coming soon rather than being the bullrun itself. Remember, that the faster the price rises, the faster it fall when a correction will come.

lombok

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Finally, we are back again in the BTC safe price zone. $40K is the zone that used to determine bulls and bears, but now we are at $44k. Of course this was unexpected, many analysts and speculators predicted there would be a price decline but in fact BTC continued to rise.

Does the ETF issue affect the BTC price rally? or is the opening of the BRC-20 network the main stimulus for the increase in BTC prices this time (this is in line with the increase in $Ordi-coin brc20)? as well as halving fomo?

thecodebear

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Quote from: apogio on December 05, 2023, 03:30:29 PM

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

Anyone else feeling same way?

Personally, not at all mate, I always look at my BTC as a total amount of sats and I never look at the exchange rate.

So let's say I hold 0.1 BTC, I never make the translation in dollars. I like accumulating BTC so much Tongue

I know I am not the average person, because I don't view Bitcoin as an investment but as better money, so I try to hold as much as I can of this type of money.

By the way, I am not buying much BTC at the moment, because I have some real-life issues and I don't have a lot to save, but if I did, I would buy no matter what the exchange rate was. _{(Not a financial advice)}.

That's a good way to look at it. I used to enjoy accumulating more and more. But now I'm at the point where I'll be spending down what I have over the rest of my life. It'll be sad to see my sats continue to drop over the decades to come, even as what I have becomes more valuable overall.

Jating

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I guess for long term investors or at least have safe enough already, it's not FOMO but a feeling of excitement to see this kind of price and of course your wallet feeling fatten by the huge surge in the last 24 hours.

But we are still very far though, I think FOMO will be around $100k?

And that's how it is though, when the price really going into the moon, people suddenly goes and put their hard earn money into bitcoin. But if you have to think, they should have invested when the price is very low.

And we will see more meme's in the coming days for those who will FOMO.

Emmanuelex

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I have the same feeling.

Seriously I need to invest a good amount of money in Bitcoin before next year. I have had some things that keeps delaying, but I know for sure I would get past all that. The money I have in Bitcoin right now is what I invested months back, so I really need to put more into it and I can't wait to do that.

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