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Topic: I saw the notice that Bitcoin surpassed 9.000 USD! Help about "FOMO" (Read 656 times)

newbie
Activity: 30
Merit: 0
However, the emergence of new investors may lead to a slowdown in the market. Think how few people pay attention to the study of the principles of trade, the choice of a wallet. When a lot of new users appear on the exchange, the number of thefts will increase. Because new traders often neglect all the tips on protecting their assets. So one should not expect only positive news from the crypto bank.
You say the right things. I for a long time ignored the need for a more detailed study of trade until I lost money. Now I understand the value of such projects as taklimakan, where you can learn the features of crypto investing. When you have the knowledge, you do not risk in vain and act thoughtfully, which means you can trade better. Without a strategy you can not work with financial instruments
newbie
Activity: 15
Merit: 0
Creating a new cryptocurrency can be an advantage for Bitcoin, because usually investors have to invest exactly BTC in order to get tokens of new startups. And then there will be nothing left, how to buy bitcoins to those who have not owned them yet, which means that the number of requests on the crypto exchanges and demand increases
If Bitcoin plans to reduce the number of coins on the market, this can double the position. Although experts say you should not expect 20 thousand per coin. Who knows, new cryptocurrencies appear, the old ones find it harder to compete
newbie
Activity: 25
Merit: 0
Creating a new cryptocurrency can be an advantage for Bitcoin, because usually investors have to invest exactly BTC in order to get tokens of new startups. And then there will be nothing left, how to buy bitcoins to those who have not owned them yet, which means that the number of requests on the crypto exchanges and demand increases
newbie
Activity: 28
Merit: 0
Many people say that Bitcoin is winning and is growing now because new cryptocurrencies are starting to come out, as if the koin from Facebook is going to be released and the development from Paypal, Visa and other globalists are also planned. True, I can not understand why the emergence of new competitors should stimulate the growth of Bitcoin? Is this logical?
AGD
legendary
Activity: 2070
Merit: 1164
Keeper of the Private Key
Lol bitcoin surpassed $9,000 month ago its just happen that it slipped down as soon as it hit the $9k value,and this last pump we reached $9,300 highest for this year before q2 end up

Buy now and rebuy when price goes down.
What?maybe what you are trying to say is SELL now and rebuy when the price goes down again

No. I am trying to say what I wrote. Buy now and buy again (rebuy) when price goes down. If price goes up after the first buy you are fine and if it goes down you accumulate for the next bull run. It all depends on your goals. You want long term investment, than buy and rebuy the dips should be the best and easiest strategy. If you are trying to make short term money, things are way more complicated and it needs some experience and/or luck to make profit. Tip: You can run a long term and a short term strategy at the same time. This is what I am doing.
hero member
Activity: 2366
Merit: 594
My main goal is to do "Holding" of Bitcoin and good Cryptos, but in this moment I would like to take some of the profits to redeem in my wallet to already help in future "Hold".

I am a hodler as well and I do suggest it's still good to buy now. We're still in the middle of the year now and bitcoin is near 10k usd. Also next year halving event will happen to bitcoin so many expects to break its ATH last 2017. Just don't watch your portfolio when btc dumps because it will really hurt you. Just think for long term like me.
sr. member
Activity: 1176
Merit: 301
Hi there... I saw the notice that Bitcoin surpassed 9.000 USD!

I know the ideal was to have bought in past, in "low" price to sell now in the "high" price... But, I'm entering in Cryptocurrency exactly now and I feeling "FOMO"....

My main goal is to do "Holding" of Bitcoin and good Cryptos, but in this moment I would like to take some of the profits to redeem in my wallet to already help in future "Hold".

As I am starting now, I want to know your suggestions, because I intend to invest now to take advantage of some of the gains from this high...

Calculating risks ...

1. I think buy Bitcoin in 19/06/2019
2. Keep following closely the gains and notices about Bitcoin...
3. Constantly transfer just the profits of BTC to my Bank Account(Fiat money) (to save, to avoid eventual losses on "correction" of the market).

That's a good idea??

What do you think? What would be more appropriate to do to take advantage of this momentum?


Sorry the bad english, I'm from Brazil.  Roll Eyes
Since your intention is to hold it for a long term then I guess there is no need to worry about the current price.
If you believe in Bitcoin and look at the past few years you would know that yearly Bitcoin price has been increasing so there is no need to worry if it is for a long term investment,
However your plan is to take the profit everytime the Bitcoin price increase would only result to a lose of money since you would be using an exchange platform I guess,
And for everytransaction there would be a fee so your money would only be eaten up by it.
full member
Activity: 546
Merit: 102
let me tell you something
there will be a big event that will take place within one year
1. BAKKT (July 22)
2. Halving (estimated around May 24th, 2020)
3. Libra (crypto will get more attention)
that's all
DYOR
Good Luck  Wink
legendary
Activity: 2674
Merit: 1048
Find more an understanding about bitcoin also about investment in bitcoin before you buy it. If you depend on fear of missing out is not good for you to come in because you will find a bunch of obstacles when you are investing. Decreasing price is always a high obstacle, you will find bitcoin price meet a drastically decreasing price in the future and I believe if you haven't known the characteristic its price and didn't know the potential of bitcoin in the future then you will sell it with a loss situation.

Because I doubt you will hold it when its price continue to down unless you have an understanding how to trade, but you will never come back again to this place. So, to avoid it and for your comfortable when you are investing then you have to know first bitcoin itself, don't depend someone else they will not help you when you have trouble.
member
Activity: 616
Merit: 30
Lol bitcoin surpassed $9,000 month ago its just happen that it slipped down as soon as it hit the $9k value,and this last pump we reached $9,300 highest for this year before q2 end up

Buy now and rebuy when price goes down.
What?maybe what you are trying to say is SELL now and rebuy when the price goes down again
full member
Activity: 644
Merit: 117
swing!
You need to ensure your decision is really supported by your research and unbiased, to make some sense you might research the price movement from the relative bull happening last bull, comparing with some factors these days (more institutional investors, FOMO, volume), Usual money spend is unlikely to go back in time if you make the wrong bet, maybe some sideways, up downs which deter you from maintaining your positions, and it get worse in days, typical. I'm not super technical but have a target price is better if not you might just keep chasing the heights.

Taking profits is of course crucial but the transactions fees might kill you a little, going to stablecoins is probably safer easier.
full member
Activity: 700
Merit: 100
Hi there... I saw the notice that Bitcoin surpassed 9.000 USD!

I know the ideal was to have bought in past, in "low" price to sell now in the "high" price... But, I'm entering in Cryptocurrency exactly now and I feeling "FOMO"....

My main goal is to do "Holding" of Bitcoin and good Cryptos, but in this moment I would like to take some of the profits to redeem in my wallet to already help in future "Hold".

As I am starting now, I want to know your suggestions, because I intend to invest now to take advantage of some of the gains from this high...

Calculating risks ...

1. I think buy Bitcoin in 19/06/2019
2. Keep following closely the gains and notices about Bitcoin...
3. Constantly transfer just the profits of BTC to my Bank Account(Fiat money) (to save, to avoid eventual losses on "correction" of the market).

That's a good idea??

What do you think? What would be more appropriate to do to take advantage of this momentum?


Sorry the bad english, I'm from Brazil.  Roll Eyes


think like this, it usualy dips back down after a move up, i dont know how many times i bought at the top just to watch it fall down half of what it gained and stay there for 2 weeks before it moves back up to the price i bought, so just wait and chill it will go back down some, maybe not today but it will.


It is easy to say buy the dip, sell the top. But is is too hard to trade with this policy. You should read market good. If you can do that, you already can get profit somehow.

Not to add they should know how to read the flow of each trades. One good trade can give thousands of profit and one bad trade can make you lose alot.

Plus that 'correction' might only affect BTC -- altcoins somehow make some good trades.
member
Activity: 258
Merit: 10
Hi there... I saw the notice that Bitcoin surpassed 9.000 USD!

I know the ideal was to have bought in past, in "low" price to sell now in the "high" price... But, I'm entering in Cryptocurrency exactly now and I feeling "FOMO"....

My main goal is to do "Holding" of Bitcoin and good Cryptos, but in this moment I would like to take some of the profits to redeem in my wallet to already help in future "Hold".

As I am starting now, I want to know your suggestions, because I intend to invest now to take advantage of some of the gains from this high...

Calculating risks ...

1. I think buy Bitcoin in 19/06/2019
2. Keep following closely the gains and notices about Bitcoin...
3. Constantly transfer just the profits of BTC to my Bank Account(Fiat money) (to save, to avoid eventual losses on "correction" of the market).

That's a good idea??

What do you think? What would be more appropriate to do to take advantage of this momentum?


Sorry the bad english, I'm from Brazil.  Roll Eyes


think like this, it usualy dips back down after a move up, i dont know how many times i bought at the top just to watch it fall down half of what it gained and stay there for 2 weeks before it moves back up to the price i bought, so just wait and chill it will go back down some, maybe not today but it will.


It is easy to say buy the dip, sell the top. But is is too hard to trade with this policy. You should read market good. If you can do that, you already can get profit somehow.
sr. member
Activity: 574
Merit: 251
Hi there... I saw the notice that Bitcoin surpassed 9.000 USD!

I know the ideal was to have bought in past, in "low" price to sell now in the "high" price... But, I'm entering in Cryptocurrency exactly now and I feeling "FOMO"....

My main goal is to do "Holding" of Bitcoin and good Cryptos, but in this moment I would like to take some of the profits to redeem in my wallet to already help in future "Hold".

As I am starting now, I want to know your suggestions, because I intend to invest now to take advantage of some of the gains from this high...

Calculating risks ...

1. I think buy Bitcoin in 19/06/2019
2. Keep following closely the gains and notices about Bitcoin...
3. Constantly transfer just the profits of BTC to my Bank Account(Fiat money) (to save, to avoid eventual losses on "correction" of the market).

That's a good idea??

What do you think? What would be more appropriate to do to take advantage of this momentum?


Sorry the bad english, I'm from Brazil.  Roll Eyes


think like this, it usualy dips back down after a move up, i dont know how many times i bought at the top just to watch it fall down half of what it gained and stay there for 2 weeks before it moves back up to the price i bought, so just wait and chill it will go back down some, maybe not today but it will.
legendary
Activity: 1638
Merit: 1163
Where is my ring of blades...
when it comes to investment you should have a plan and then stick to that plan disregarding emotions and FOMO and anything else like it. for investing in bitcoin the best strategy that I have experience and I think is more suitable to most others too is to buy incrementally and whenever you have extra money that you can afford to lose and don't mind investing it in something that has a good future in the long term. that way you can take smaller risks while still accumulating bitcoin.

note that this is only working for when you want to invest in bitcoin not day trade bitcoin to make fiat profit. you can not use one strategy for the other because they don't match.
sr. member
Activity: 962
Merit: 269
CryptoDirectories.com
Hi there... I saw the notice that Bitcoin surpassed 9.000 USD!

I know the ideal was to have bought in past, in "low" price to sell now in the "high" price... But, I'm entering in Cryptocurrency exactly now and I feeling "FOMO"....

My main goal is to do "Holding" of Bitcoin and good Cryptos, but in this moment I would like to take some of the profits to redeem in my wallet to already help in future "Hold".

As I am starting now, I want to know your suggestions, because I intend to invest now to take advantage of some of the gains from this high...

Calculating risks ...

1. I think buy Bitcoin in 19/06/2019
2. Keep following closely the gains and notices about Bitcoin...
3. Constantly transfer just the profits of BTC to my Bank Account(Fiat money) (to save, to avoid eventual losses on "correction" of the market).

That's a good idea??

What do you think? What would be more appropriate to do to take advantage of this momentum?


Sorry the bad english, I'm from Brazil.  Roll Eyes
the best strategy is long term holding . buy your extra money and just check it atleast once a month and buy more if you have extra money
AGD
legendary
Activity: 2070
Merit: 1164
Keeper of the Private Key
Buy now and rebuy when price goes down.
sr. member
Activity: 560
Merit: 260
As long as you have no debt, aren't using margin, and have cash reserves, there's nothing to worry about.   Play the game.
sr. member
Activity: 1008
Merit: 355

What do you think? What would be more appropriate to do to take advantage of this momentum?


I am advising you to slowdown things and not get into bitcoin all at once. I am sure that a small dip can be coming soon as has become tradition with bitcoin anytime it is making a surge so the best thing to do is buy a little today and then wait for the dip and then buy some more. Of course, you can also "invest" with other good cryptocurrencies belonging to the top 10 of the CMC listicle. I agree that being consumed by the idea of a FOMO is never the best mindset when investing with cryptocurrency...always continue educating yourself and tune in for more developments on this market.
hero member
Activity: 1834
Merit: 759
Your strategy is about as safe as investing can go, but it's also appropriately low yield. Investment is really all about personal preference though, and there is no "best way". If this is what you're most comfortable with, go for it.

As for the most appropriate thing to do, it would depend entirely on your expectations. What do you want out of your investment, and how much are you willing to risk? If you want to make it big without risking too much, you can do what most people do: buy in, hold, amass slowly, and spend some in between.

Also, when you buy doesn't matter too much if you're in it for the long run. A thousand or so difference in price won't matter too much once prices triple or quadruple, so don't stress yourself thinking about it too much.
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