Are you feeling FOMO like I am? - page 7.

serjent05

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I am still hesitant about the bull run but obviously, the sign is there. I have a little worry about the possibility of a bull trap. But regardless let us enjoy the surge of Bitcoin, I know people are hyped now but I think we should avoid FOMO-ing. Let's just do the casual routine of DCA, this way whether this is a real bull run or bull trap, we are still ongoing with our Bitcoin accumulation over time.

Quote from: _BlackStar on December 05, 2023, 05:23:47 PM

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

Anyone else feeling same way?

In times like these everyone wants to own more bitcoin - but in previous months they weren't sure the price could break $44K and they tended to expect a DIP. Their hopes of getting a DIP did not come true as the price of bitcoin continued to soar near $45K. Anyway - have fun with what you got today, there will certainly be more fun if the bitcoin price hits its past ATH of $69K later this year.

I am one of those people who are thinking of a possible bull trap, and I am glad it has not happened yet and hopeful that this surge will continue. Yeah, it is worth celebrating if Bitcoin records another ATH breaking it previous with this uptrend.

ultrloa

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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?

I feel excited to see the price but I don't feel anything like to get FOMO on current situation since I always look for correction before accumulating. It's wrong for us to buy when bitcoin is pumping since there maybe a correction to happen and that maybe bad position for us if we buy at the top.

I already accumulate some when price at low so there's no need to rush on everything especially the current happening since I believe there's pull back gonna happen soon. Also to many things will happen so I keep monitoring to see a possible good position.

But if people really want to take some chance then maybe its better for them to trade in futures since from that they can possibly see some good result for taking long position for bitcoin.

_BlackStar

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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).

I would love to repeat it many times - I even said it the other day.

Quote from: _BlackStar on December 03, 2023, 05:32:15 PM

$40K to $45K is the predicted price for the end of the year - and right now it's just too close to be true.

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

Anyone else feeling same way?

In times like these everyone wants to own more bitcoin - but in previous months they weren't sure the price could break $44K and they tended to expect a DIP. Their hopes of getting a DIP did not come true as the price of bitcoin continued to soar near $45K. Anyway - have fun with what you got today, there will certainly be more fun if the bitcoin price hits its past ATH of $69K later this year.

Wexnident

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

~

Maybe a few years back I would've felt the same. But now? Heck when it got to 43k was the usual time I DCA so while I was in the process of doing that I was like "Nah, this is going down and is gonna end up on a small loss for me now ain't it" was my mindset for like the entire day, even till now! I've engraved it in my mind to not be swayed whenever the price goes up since that's usually a testament that the next movement is down. Granted I do DCA, so I'm not affected by the small losses in the short term personally, it is what I've said to my brain whenever moments like these come up.

Nwada001

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Having BTC and holding them is the same thing as someone who is wealthy and has a lot of properties and investments, but to some, it always feels like they don't have enough yet and need more. Why do some people always get to a level where they say, „Yes, I have arrived, and I don't need more things aside from maintaining the ones that I have got?“ This is just the same way I see BTC.

If I'm the type that's looking for quick profit, I will be very sorry that I don't have any BTC holding or not having enough holding now that the price has gone up, but currently I just feel so much okay with the little that I'm holding. Maybe this could be as a result of me not having enough money to invest in it, or probably this is because I know, no matter the price, whenever I have money to acquire more, I will still do that. This FOMO does not really get to me this period.

Cantsay

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I actually had to check the price of bitcoin after reading your post, before I even saw that the price got to $44k today…

For now, I really don’t have any plans to spend the few sats that I’ve been able to accumulate coupled with the increase in transaction fee, I think I might just seat back relax and watch the price rise. Hehehe

Looking at my balance when I got my coins and the current price I’m not even satisfied with the difference between them so that’s even more reason why I’m not selling off. If I was to sell it would be because I’m sure that the price will drop for me to accumulate more but with what’s going on right now I don’t think that’s going to happen.

JoyMarsha

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I don't think I am. Since I heard that there will be a correction of bitcoin price before the bull run takes effect, I try to remove myself from anything that will make me have a FOMO mindset towards bitcoin. However, if the correction of bitcoin price didn't happen before or after the halving season as I have heard, I wouldn't regret my action of not buying more bitcoin at this high price. Already I have accumulated enough bitcoin at a discount price even though I want to buy more.

EL MOHA

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Quote from: Vaskiy on December 05, 2023, 04:28:17 PM

I don't feel the fear of missing out the opportunity, because during the year end the price used to bounce and this time it is happening at the right moment. Most of the time close to the days of Christmas we experience major price rise. Start of the year itself there is good push in the market. $44k+ price from the range of $26k is a big bounce in short term. This can cross $50k with few corrections interrupting in between. Crossing $50k the growth will be in much faster way than the current movement.

I don’t think is every ending of the year that we see a big pump because if you look at the past charts bitcoin always has a slight fall every ending of the year probably because of the supply that gets high in fact this years December was predicted to be a month of correction but it seems etf approval is gearing this bullish trend before even the halving occurs. I predict with this price increase plus a etf approval we will witness a price almost close to the ATH before the halving.

I would say only the experience people wouldn’t be carried away with this particular price increase but for short timers they will FOMO easily. One thing just remains keep stacking the real bull run is after halving

Natalim

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I haven't felt anything other than being overwhelmed seeing Bitcoin surpass $40k before Christmas. I was just taught that the price of Bitcoin will stay low at $40k but very fortunate that it was hitting high more than what I'd been expecting. Therefore, I could say that the bear season is over, we're now on the bullish side of the market. Good thing that I already filled my bag before the surge happened and feel no mistake from doing it earlier than waiting for the price to rise before buying.

Assface16678

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Hmmm not feeling anything like that as I'm confident and contented on how many bitcoin I have, or sats I have, yws I don't have a whole bitcoin only a fractions because I'm still accumulating and I was using some of the fractions for trading to earn while waitinf for the good profit for my holdings, so no matter what happens even if the bitcoin goss bullrun I will still be satisfied on how much I will earn from what I have in my holdings, I don't plan on selling all the satoshi I have even if the bull run comes as i still want to invest in the long, mayne some fractions only, so yeah we have different feelings and in sight on what upcoming in bitcoin it is valid, but for me no I'm contented annd taking it easy. Some are really looking forward to the bull run, so maybe that's why there are people who have similar feelings to the OP.

Vaskiy

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I don't feel the fear of missing out the opportunity, because during the year end the price used to bounce and this time it is happening at the right moment. Most of the time close to the days of Christmas we experience major price rise. Start of the year itself there is good push in the market. $44k+ price from the range of $26k is a big bounce in short term. This can cross $50k with few corrections interrupting in between. Crossing $50k the growth will be in much faster way than the current movement.

tabas

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Sort of having the same feeling but there's this much more important thing that I am noticing and for sure that the others are doing as well. And that's the fees that we're having right now. Together with this push that we're experiencing, the fees are also coming up. Right now, $12, nearly $13 worth of fees if you want to get confirmed so quick. I feel the vibes that we're having the 2017 feeling when we entered the bull run and fees were outrageous as well. A cup of coffee will cost you more than that as they say. Anyway, we can't ignore that but we can't also ignore our feelings that we're so excited to see how high it is going to be.

Joseph-P

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Quote from: Alpha Marine on December 05, 2023, 04:06:54 PM

Not really.
I always knew the Bitcoin price would be like this towards this time and I acted before now. Whatever Bitcoin I have now is the amount I can afford so there's no need to feel bad about it. Since the price was around $27k I predicted that Bitcoin would get to $35k - $40k before the end of the year and I was right. So I saw it coming.

My joy is that Bitcoin is even doing better than I expected. This makes me very hopeful for the coming year. If Bitcoin can get to 44k by now then we might see a new ATH by year if we're lucky.

Based on your comment, I believe you hold a substantial amount of Bitcoin and that's great mate, I hope you keep winning. Its big time FOMO for others like me tho. I've had to settle for altcoins and though I do have strong belief in some like ETH, BNB, BGB, AURORA, BAKE among others, I still feel like I'm really missing out on something big here by not having any bitcoin. For now, BGB remains my biggest holding and I'll be putting most of my hopes in it going into this bull market.

Alpha Marine

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Not really.
I always knew the Bitcoin price would be like this towards this time and I acted before now. Whatever Bitcoin I have now is the amount I can afford so there's no need to feel bad about it. Since the price was around $27k I predicted that Bitcoin would get to $35k - $40k before the end of the year and I was right. So I saw it coming.

My joy is that Bitcoin is even doing better than I expected. This makes me very hopeful for the coming year. If Bitcoin can get to 44k by now then we might see a new ATH by year if we're lucky.

iv4n

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Quote from: Kemarit on December 05, 2023, 03:13:30 PM

Nah, I think being in the market for so long, this could be just a normal day for crypto investors. But for those newbies who might join the market early this year or even last year when the price goes down hard because of the FTX collapse, and seeing the price right now, this could be FOMO for them.

However, we will get into the excitement area when the price goes into another all time high.

$100k or more will be huge for us in the next bull run. So let's see how it goes after the block halving next year.

I agree with you... for us old timers this is like a normal day, it will be a lot more interesting when we get to the new ATH. I think that this is a nice peak, but I am not sure that this is a bull run and that the price will continue to grow. I guess we will have a lot of volatility before we get into the bull run and Bitcoin at some new all-time high prices.

If history repeats itself we will not see a bull run right after halving... the bull run usually comes the year after the halving.

BenCodie

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I was one who thought another dip was on the way, a black swan, my orders were ready...I didn't succeed. Though, that is fine! It's not the end of the world and nature has its course. I still enjoy the ride with the BTC and alts I have, and feel fulfilled with the ongoing positivity with the industry.

Whether accumulation is wise or not now is a vital question. Few people call for a bull trap, however the market can do unexpected things. It's not the first time we've seen a meteoric rise so it isn't out of the question.

I wonder how high we will go and if this so the last time we see the prices we saw in 2023...

btc78

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personally no until i read your post

i have always said that i am just grateful enough that i have bitcoin and now that the price is starting to rise i feel excited but the thought of “i should have bought more” does not cross my mind this is because the money I used to buy bitcoin was money I saved myself so I am happy and sure that even with only a few satoshis, I can expect a good profit

don’t think that i am settling too much it’s just that i am short in money right now and there’s nothing i could do any further so instead of having fomo i just focus on the bright side: i have bitcoin

Finestream

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The same feeling I have but I have to stick with only an amount that I can afford to lose. Buying more could create more advantage while seeing the market continues to be bullish, but we all know that the market won't stay bullish the whole time, so I'll just wait for a price decline anytime and probably that time, I will be eager to add a portion of bitcoin into my portfolio.

However, for those who have not invested in bitcoin, I still suggest to start buying now. Bitcoin is always bound to be highly profitable, most especially that the market is preparing for big events early next year, so most probably the reason why bitcoin starts to be seen bullish right now.

oktana

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But why is it that people wait until it’s already going up before they jump in? What harm is it if you had simply bought before now or even DCA the whole time? Some people are already making profit because they got in earlier, isn’t it Bitcoin? It definitely ends with going up. My advice to you is that in all you do, make sure you do not go as far as using money you’ll need in a couple of months, so you don’t end up forcefully withdrawing when maybe the price hasn’t favored your target, but yet you need the money.

coolcoinz

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It's nothing special for those of us who saw bitcoin slide from 60k to 30k in 2021 and then go back to 70k. I've been saying it many times during the last bear market that for me 25k is the fair low for bitcoin and 20, maybe 19k is the low that bitcoin could go to. We went far below due to scams (Luna, FTX) which were artificially dragging bitcoin below its fair price.

As for the fair price concept, I agree with PlanB, although I accept even greater low margins than he does, because he aimed at 26-28k fair value in q3 2022 when we were scraping the bottom.

Anyway, I was telling people that selling below 20k is a bad idea, and here we are. I'm not surprised that we went to 40k, although I am surprised we did it before the halving.

Topic: Are you feeling FOMO like I am? - page 7. (Read 1120 times)