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Topic: Are you feeling FOMO like I am? - page 8. (Read 986 times)

legendary
Activity: 3066
Merit: 1049
Eloncoin.org - Mars, here we come!
December 05, 2023, 04:42:55 PM
#14
i saw a post it's going to hit $50k before a slight correction and then bounce again. so ye there certainly is a fomo going on. though i bought altcoins when the price was $38k, the price of the altcoin is also up so i don't regret it. but i wish i had DCA since.

those who kept saying $12k must have been scrambling to buy. its happening so fast i was just buying bread outside and came back the price is already $43k. too fast to make nonbitcoin holders buy at lower price
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
December 05, 2023, 04:33:44 PM
#13
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 are not alone, even if I have invested some spare money during the previous months, when I see the price of bitcoin and how high it is already I definitely would have liked to get even more bitcoin at the time, but when I think about it, the bitcoin currently on my wallet is the highest I could have gotten anyway, so there is no point on regretting something that is completely out of my control, with that being said I thought I had more time to buy bitcoin for a low price as I did not expected the price to be that high before the halving.
hero member
Activity: 1624
Merit: 791
Bitcoin To The Moon 📈📈📈
December 05, 2023, 04:28:18 PM
#12
When the price has started to rise continuously for a few weeks I think it's still natural to have FOMO in our feelings, it will be the same thought and always say to ourselves why not buy more when the price has not risen like this, so that's how it feels right now.  Grin

It is still very possible that if the price drops below $40K maybe it will be a correction or what is called a bull trap? I won't focus too much on that and will stick to holding, won't look at the market too often.
full member
Activity: 994
Merit: 137
★Bitvest.io★ Play Plinko or Invest!
December 05, 2023, 04:16:27 PM
#11
Seeing Bitcoin touch $44,000 today got my pulse going for sure.  The past couple weeks have been a rush, can't pretend I'm not getting caught up in all the hype and  when you watch the price ticking up everyday, the FOMO devil on your shoulder whispers "You should've put more cash down on this!"

But, I'd say take a breather first.  Think hard - are you really confident in crypto long-term, or just desperate not to miss the train?

If you've done your homework and believe the tech is solid, then I'd say go ahead, buy those satoshis.  But if you've got doubts better to play it safe rather than risk what you cant afford to lose.  In times like these the FOMO is real, but only you know what's right for your situation.
sr. member
Activity: 350
Merit: 335
December 05, 2023, 04:16:12 PM
#10
It is really difficult not to feel FOMO at this point because we never expected the bulls to be this strong at this point. I guess no one want to be left behind in the next wave.

Many people who are fixated on the Bitcoin price cycle are still expecting this types of movement this time next year but the market has already shown the peculiarity of next year's halving. Imagine the ETF approval happening before the halving, the move will just be simply uncontrollable.  
legendary
Activity: 3080
Merit: 1353
December 05, 2023, 04:13:30 PM
#9
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.
sr. member
Activity: 406
Merit: 896
December 05, 2023, 03:59:47 PM
#8
wow.. you are a cool person because you can see bitcoin as bitcoin while I can't, I see bitcoin in fiat rate.

Naah, not a very cool person, but thanks.

Are you planning not to exchange bitcoins and will use bitcoins as a currency, not as an asset, so that you can view bitcoins in sats, not fiat exchange rates?

Exactly. However, life is life, so in case something bad happens to me and I need to convert BTC to FIAT, I will definetely do it, unless Bitcoin is so widely adopted that I can use it as it is. The plan is to use it as money, not as a means to get more FIAT money.
legendary
Activity: 3080
Merit: 1131
December 05, 2023, 03:59:11 PM
#7
--

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?
We are just humans then feeling something like this or simply talking about FOMO is something inevitable that could be felt by someone. We dont really like on missing out the train again but honestly
if ever we've decided to buy then we should really be doing that earlier on the time that the price isnt really that hitting up that high. Now we might really be thinking that it might be shooting up
its price upto 50k and this is something that a normal impression and that kind of boost feeling which it is really that normal to have. This is why decisions be made would really be entirely be
depending on someone on how far they could really be able to risk on since not all wouldnt really be risk takers.

So its up to you whether you would really be buying more or would really be that waiting for some correction but actually these things could really be that
depending whether you are making some short term trades or really that basically holding for long term.
legendary
Activity: 1414
Merit: 1118
...gambling responsibly. Do not be addicted.
December 05, 2023, 03:50:09 PM
#6
Anyone else feeling same way?
Anyone that knows about bitcoin that its price is going to over $100000 this time will fomo.
sr. member
Activity: 406
Merit: 360
December 05, 2023, 03:49:55 PM
#5
I feel the same OP, since I am new in my bitcoin journey and I have not accumulated up to a significant amount. Anytime that I see the price pump, this thought comes into me, but there is nothing I can do than to trim my expenses and use any extra to buy bitcoin, which is my weekly routine. DCA is what has helped by to the level but I am not happy that I wouldn't be able to accumulate more this December because of the expenses that will come during this season. I wish I had a good amount of bitcoin, it would have been the best. You can continue to accumulate more bitcoin, as long as you can afford.
sr. member
Activity: 868
Merit: 456
December 05, 2023, 03:48:33 PM
#4

Anyone else feeling same way?

I think it is natural that because the price of bitcoin continues to rise, we can calculate the possible profits that we can get from bitcoin. Everyone wants profits and the best way is to have more bitcoins. If you still have money, there's no harm in buying bitcoin again and again because we see bitcoin price movements continuing to rise steadily

However, don't panic if the price drops by several thousand dollars because sometimes after an increase there is a correction but if I look at the chart it looks like it will continue to rise. Just my feeling, I'm not a professional trader

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.


wow.. you are a cool person because you can see bitcoin as bitcoin while I can't, I see bitcoin in fiat rate. Maybe this is because my country still prohibits transactions of goods with bitcoin, so I place bitcoin as an asset that can be exchanged for fiat money. Are you planning not to exchange bitcoins and will use bitcoins as a currency, not as an asset, so that you can view bitcoins in sats, not fiat exchange rates?
hero member
Activity: 854
Merit: 1031
Only BTC
December 05, 2023, 03:44:54 PM
#3
For a lot of people fomo starts once the price begins to rise, i believe that it is mostly weak hands who are affected by fomo, that's because many of them do not buy BTC until the minute the price starts to rise, once the pump begins, they start to fomo buy. If you already hold BTC and you want to accumulate more, i am not sure if it is a situation that can be called fomo buying.
sr. member
Activity: 406
Merit: 896
December 05, 2023, 03:30:29 PM
#2
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).
legendary
Activity: 2254
Merit: 1052
Leading Crypto Sports Betting & Casino Platform
December 05, 2023, 03:23:45 PM
#1

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?
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