Bitcoin Forum

We might come across so many users posting unrealistic predictions about Bitcoin. We have already witnessed this during December 2017, so please be more cautious than ever before you invest into bitcoin by doing your own research and if you are ready for a long term investment then you may think of investing so that even during worst case situation you will get back your returns just like those invested during last peak and hodled it got it now. If you are looking for short term gain then give it a second thought.

I call this 'chasing a bull run'. Some people would wait through the bear market, but attempt to buy in when the price is already picking up momentum and we are looking to get into a bull run. It's very risky and one can easily lose money trying this. If you jump in too early you could find yourself at the top of a spike (not the bottom of a rally) such as what we experienced multiple times in the last months, and if you wait too long you could miss the bull run completely.

The best time to buy is during a dip, the second best time is whenever you are convinced of it. Just make sure you're investing amounts you can afford to lose.

I got your point and that's what I am trying to portray here as the Bitcoin market is already at peak of bullrun and it's too risky for new investment unless it's from an institution. What concerns me more than the market situation is the random posts speculating bitcoin to reach over $100k without any logic or reasoning behind their post.

Depends on what you are aiming for and if you do go for long term then you wouldnt mind on when you had bought bitcoin in spite of its price since you wouldnt care at all
but its really to ignore when the market declines because your emotion would be the number one thing that pops out within that time.In possible result then you might really
be making some decisions regarding to it neither you do panic sell or would just simply hold no matter what.It will vary on self discipline and control on someone because not
all would really be having the same level of control towards their investment.Of course we would really be needing some second thoughts before making any decision.

Earlier this week, I met someone in my locality that made absurd predictions for Bitcoin's price in the coming year. He predicted that Bitcoin would be priced anywhere between $250K to $400K with a marketcap above that of gold. While I'd really like to see this come to a reality, I can't get over excited and forget that the market doesn't always move in one direction. Since it's been trending for several months now, there would be time for correction too and I don't want to be caught with my pants down when that happens. I learnt a lot from the previous bull run and I'm not willing to make such mistakes this time.

Yeah at this point everyone is going full-FOMO on bitcoin due to the records it was smashing and the gains it has been posting as of late. I also warned people about some ponzi scams using the name of cryptocurrencies in order to gain more and more ‘investors’ for their scams. There’s a lot going on in the crypto scene that the average Joes looking into investing with bitcoin must be aware of before pullig the trigger. Caveat emptor. People should be vigilant on making such rash decisions since it can lead to huge financial losses in the end.

Ain't that surprise me why many people come into crypto and invest when the market is in the bullish season because they wanted after investing, they gain money back shortly. I really don't think it was a smart idea especially when you are buying at its peak period just like now, he might face a huge risk and possible losses will come into them if the market dumps right after the trade.
I could say that people aren't yet learning from the mistakes of last 2017 or they are just risk-takers, totally.

That is just the way things are, many people that were not interested in the market before are showing interest now, and while this will bring a lot of money to the market at the same time I am sorry for those people as most likely they do not really know what they are getting into, they think they are getting in an asset that cannot make them lose money, when in reality if at any moment we see a reversal the market conditions could change relatively quickly and the price could crash as a result of this and make them lose money in the process.

FOMO started since we hit $10k, specially when the news broke out of institutions and companies putting their reserved assets in bitcoin. So this is very different from 2017, wherein there are a lot of irrational buyers and even if we already reached the bubble, still many people buying bitcoin because they think it will go to $50k.

But this time, as I have said before, bitcoin's narrative is flipping from a speculative asset to hedge against government QE and worsening market or financial situations.

FOMO has always been there but in the hearts of those who knew that when btc comes down, it will go up one day and they have bought very early. Today's FOMO will only be in newbie investors who should seek some knowledge before investing in btc or any cryptocurrencies. A shout-out to those who are still buying at this peaky high price and dare to challenge newer highs.

Even in the bearish time, there were a lot of predictions that have been given and those were positive predictions and high as we can't think. We've learned a lot in the past 2017 and 2018 bears, and to take decisions this time is also hard. But if you took profit at these $20kish prices, that's already a good chunk to take with you. But going with the long term is going to be the most rewarding, only if you believe in bitcoin and what's waiting ahead of time.

Being a nocoiner right now must be a bad feeling. That's why I avoid talking about the BTC price to friends and family, as I know most are nocoiners (even the ones I have gifted some BTC, that they have sold since then !). I would certainly not advise someone to buy in right now, except in small, regular amounts.

A lot of newbies will FOMO with this current rally, there will be some prediction that will be so good no to be ignored so we need to watch out. Do not base your financial judgment on someone's opinion or prediction. Be responsible

Some people who are FOMOed right now are in no fault of their own. Some people just did not have the mondy at the time to buy themselves a share. Instead, let us encourafe them to buy when ths time is right. That will help a lot of us gain friends and allies hers at the crypto industry. Some people just happen to not havs ths chance t buy it months ago. Don't sweat it. Our chance will come around and it will be explosive. With the help from some of the people here at this forum, of course. This goes out to all of the people who are regretful for not buying or not being able to buy bitcoins months ago.

Er?
The amount of BTC being mined has nothing to do with how much is available for trade. And ya do know that it will be over 100 years before the last Bitcoin is mined, right?

Not everyone is going FOMO.

I sold 4/5 of mine to stable coins as I decided to cash out on fiat profit and live with my decision. I don't plan to re-buy at this price. Of course, if some miracle happens and Bitcoin drops under $18k, I will enter again.

FOMO buying takes place each time a resistance is broken specially if before its breaking there were a long accumulation phase. For instance back when price was in $3k range for a long time and $4k was the resistance, after it broke there was a massive FOMO.
These days there aren't any major resistances yet ever since $20k (the last major resistance) was broken and since there isn't any long accumulation phases (only short ones) there isn't any major FOMO going on either.
Besides the real wide spread FOMO only takes place near the end of the bull run during the time price enters the peak of the bubble which is not going to happen for at least a year.

Same, mate. Sold 1/4 of my btc holdings when it reached $19k. Still have btc holdings and planning to sell that off again or maybe convert it too into stable coins when it reached my target price. Been a long term holder since 2018 and it's time for me to enjoy some hood profits from this bullish market.

So many  predictions are circulating but yeah corrections and sideways  are expected to happen. Let us not forget that we are still in unstable btc market so it's significant we integrate some back up plans before it's too late.

Well, in as much as people will fomo but I hardly think they will do so like those of 2017 this is because by now I believe a lot of people have learnt a very good lesson about Bitcoin and chasing a pump. Also, I agree with you, that anyone thinking of buying Bitcoin now should be sure he is a long term holder so that when the price drops he won't be bothered but rather wait for the next bull run, which might take time or might not. Secondly, I think people should be careful of the unrealistic predictions as well, because it is a huge trap set to get those who hardly study the market and past experiences; if they can selling a portion when in profit is also good. Lastly, in whichever case, I also find it very important to invest only the amount one can afford to lose and not his entire savings, such that when Bitcoin dumps like that of 2017, the person won't join the bandwagons to call the crypto space names.

The FOMO phase in the Bitcoin market has started a week ago,so you are kinda late with this conclusion.
Every prediction about the future of Bitcoin and the BTC price is more or less unrealistic.No trader or investor in the world will base his buying decisions on other people's predictions about the price of any asset.Perhaps only the amateurs and newbies will decide to buy BTC,only because some random "analyst" on the internet tells them to do so.

 

Bitcoin becomes so attractive for many people in a different country, the inflation of it makes the community bigger but there are still many people who keep on bashing the world of crypto because of thinking that it is a scam, it started a long ago and still continuous until now, well, we cannot blame those people because we can force them what to believe and not to believe. If you are a strong believer of bitcoin then for sure you are investing for the long term, that is what a strong believer of bitcoin does.

It is true that we cannot easily fall by FOMO which is hot to our ears. Indeed, looking at the price of bitcoin, WHO is not tempted. of course everyone will be easily attracted, but behind this we must be able to control our emotions when making decisions.

it won't be goon for people to fomo into buying btc at there very high price, the market is not certain, although many people think it will go even higher but there is the possibility that it will go low as a result of the continuous price pump, i know it is very tempting but i would rather wait and watch will happen by January before buying. 

it is hard to stay on the side line and watch while the btc market is looking more and more tempting, the truth is, if you already had some btc it is easy to be calm but if don't have btc at all the only thing that will keep coming to mind is buy to enjoy the ride with others, i can't really blame some people who will fomo in and take the chance, some risk can be worth it while others are not, but if you don't take risk at all you will never know.

i sold all my bitcoins. i may buy it again when it fall to $6k  ;D

i think most people are smarter than before. after many FOMO with such crypto projects.

Well that's because people are doubting Bitcoin whenever its price is in the bearish market, maybe what they have in mind is that Bitcoin is going to be devalued or something crazy. So waiting in the bull market is their only choice to buy Bitcoin as an investment, which is not profitable. The combination of FUD and FOMO will just burn your capital especially if you always wanted to cash out your Bitcoin whenever its price go down even a little bit.

Exactly, predictions these days are beyond thinking as institutional investors are buying BTC everyone comes up with different predictions like BTC might reach 100k, looks like this is suppose to happen in couple months and they don't want to see drop. And yes like you said if someone is planning for long-term investment just go ahead even now the price is yours, short-term investors want to accumulate small profits so they want to be more proactive after investing. Because anything might happen as the price is already in extreme peak.

It looks like FOMO hadn't stopped yet.  Bitcoin price now climbed $28k+,  We might see $30kish Bitcoin on the first week of 2021 and that would be a great Happy New Year blow out for the BTC holders. 



Well, I hope you are able to buy at that price, maybe wait after this bull run and double your target price  ;).

Short term investment is the best thing to choose for now, also you may need to set the stop loss positive when you get profit. Indeed, the current condition still give a good effect for bitcoin moreover the US government still have a possibilities to give another stimulus which mean that can make bitcoin price up more than now. The decreased price after the bull run still seems to haunt many investors. No wonder when bitcioin touches a psychological price its price will fall rapidly.

FOMO does really exist in different matters as long as the individual is not informed about those things. FOMO happens right now because they feel that the hype will still go on and they feel that they will survive even they're too late to invest in bitcoin right now.

If they want to invest, they should've entered at the right time or maybe try short-term investment to gain profits, it's not recommendable to invest in something that is already started a long time ago.

There are always lots of speculations about Bitcoin losing its value because that is what other people want. New users are already scared to jump into this industry just because they are saying that they will not be able to jump into the trend which is happening but they are just missing out on the things of what could have happened and there are also old users that are unwilling to return because they are saying that it will just drop to nothing.

The reason for the is FOMO and yeah, everybody will experience it but we must stay calm since what we need to do is just do things normally and keep reading news on what would possibly happen within this industry.

This is the mistake of many a newbie. Those who do this think that when the market is flat that those crashed coins/tokens won't rise again. It's fear that makes investors do this. Their inexperience makes them wait for a rush to buy in order not to miss out. But the true position of things should be to become weary when everyone is rushing in to buy. The tight time to buy Bitcoin or any crypto is when that particular crypto is getting nice reviews before price starts moving. The rumour of war should get people prepared and not the war itself. But crypto veterans know this game that Bitcoin can never disappear and so they wait to stock their hodlings at each major corrections; not after that.

You nailed it, it's common for most of us to be carried away by FOMO but what I don't understand over her is the fact we don't learn anything from the past. I know Bitcoin is really bullish nowadays as it was in 2017 when most of the users invested at peak before it crashed, now I don't think Bitcoin will crash anytime sooner but still users should understand they have missed the most profitable investment opportunity.

Indeed, it is recognized that many people are increasingly greedy with the current increase in the price of Bitcoin,  so forget about the events
that occurred in 2017. So FOMO is happening now, therefore the increase in Bitcoin in December was very rapid. Many investors ended up
missing the opportunity to make a profit, so I decided to sell my Bitcoin as much as 50%. The rest I keep HODL in case Bitcoin continues to rise,
even if the price falls in the near future I will have made a profit. So what I did was a win win solution.

our situation in crypto is different as compared to 2017. the use case has grown also and more institutions are now trusting their funds to crypto esp in btc. btc price may go down again but this time, i believe it will not be that low as what we had suffered in 2018. maybe we will stay above 20k in the coming months. the btc market is really interesting to follow esp if you have btc stash sitting in your wallet.
after couple of months, let's see what will be the btc price and how it is doing in terms of adoption in the market.

That is simple, make your money secured first rather than miss this opportunity. Greedy people will actually be foolish to think more and more without anticipating possible huge correction just like what 2017 gives a disappointing moment to the people and many had suffered losses as they think it moves beyond $20k. And from that scenario, I'll take much cautious this time, better secured that to cry in vain. Even though I have the money to invest right now but I think the risk to face, better wait for the market to calm down first.

if we look at the current price we can easily see that these price forecasts are no longer unrealistic. even a few years ago when Tom Lee was talking about $ 25,000 it seemed like a joke and today we are at $29,000 and it is at a level that is already impossible to fall below $25,000 or even below $20,000. we can say with certainty that it is going to $40,000 without any problem and it can even be said that it is impossible that it does not break $30,000. so I no longer see how these predictions can be unrealistic. can you tell what was the price forecast that you consider unrealistic

FOMO towards BTC may not be as simple during 2017 bull run or even during 2019 when the price climbs back to 9k level. In fact, btc can go even further than that right now so its not about greedy its about knowing when and how. Complex market needs better solution and one of the obvious answer was that "institutions" entering the market.

1. Institution (done)
2. Adoption (in progress)
3. Application (in progress)

Wait Price Correction that literally not happen right now bull trend still exist

well you true bitcoin price is hard to predict before this i just thought that bitcoin price will hit 25.000 next year i mean this month, but december 2020 its already break 25.000 so its crazy

Actually, google trends shows that the general public has started to be interested in bitcoin again. Current interest is at 31% and since Feb, 2018 it wasn't at that level. We still have way to go to reach the Dec 2017 peak but it can be reached in a couple of months. That's the global interest. If you search specific countries like Argentina or Turkey the interest is very high.

I've seen numerous prediction here in the forum already and in the internet. Many analysts have already shared their prediction throughout the years. Some of them are negative and some are positive. Either way I'm not following their predictions. As a long term holder, a bit of technical analysis will help you. Knowing the support might help you when to enter into the market.

Right now, short term gain might turn into a big losses because its hard to predict now where will Bitcoin be heading as it always move upwards and no correction.

It is not as bad as the last one back in 2017, but it is starting. I have already seen multiple topics where people are asking if they should start investing now. Clearly it looks like they just want to jump all in or else they feel like they are going to miss a chance. These all are fueled by other people where they are making unrealistic predictions and newbies are falling for it.
Inflation? You might be wrong here. Bitcoin is considered as a hedge against inflation...

thats because the value of bitcoin is high again and people easily got magnetize thru it but watch when the value falls again and the interest are also starting to loosen up but why we only have 31 percent interest now when the price of btc is more than what 2017 have achieved ?

 and the rise happened for a longer time now , i think thats enough observation for people to get in but this can prolly increase if the condition of btc wont change

I think FOMO started when we enter $20K and up till now.
I am waiting for the correction but it seem's that it wouldn't happen anytime soon so might as well enjoy it right now.
The price looks like it would continue to grow more specially if we would get more positive news like big names entering Bitcoin.

You are right about this, maybe this is a lesson for beginners like me, to know things like this, I still have a lot to know and I want to learn something else too to really convince me to be able to invest in cryptocurrency so as not to lose too much from my investment in the future.

No need to be surprised if FOMO has started to happen, who is not interested in seeing the price of Bitcoin skyrocket. Even my friends and
family have become FOMOs, even though I have advised that the current Bitcoin price is too high and there has been no correction until now.
So of course the risk is huge if they buy Bitcoin at the current price. But most people can no longer be advised when they are overcome by greed.

I agree with OP here. Every time BItcoin breaks an important level all the best analysts like Tom Lee come out of the woodwork.

https://u.today/fundstrats-tom-lee-expects-bitcoin-to-soar-300-percent-in-2021-as-it-hits-29000

For those who don't remember, he was the guy who in 2017 predicted bitcoin would go past 20000 and later in 2018 said the price would correct to 10000 and then go back above 20.
I'd love his predictions to come true buy he used to be more wrong than right in the past years.

I second this, and this has made me believe that this is going to be different from previous highs/peak, imo, the Bitcoin network is much more stronger and even if there is to be a dip, it would not be too much to cause fright amongst newcomer investors. FOMO could actually not be a bad thing at this very point as it's possible we may not see Bitcoin below this very mark for a while, and not buying now could actually mean buying at a much very high price, I may just be over optimistic as a result of my proclivity towards Bitcoin, but I believe in the network, and I followed carefully it's growth in 2020, Btc could do crazy things in 2021, so don't be scared to buy or to hodl.

There is nothing wrong in going for short-term investment, if you have a well defined strategy. Take the current bull run for example. Those who went for short-term investment three months ago would have got around 200% returns by now. But don't expect the prices to always move in one direction. We didn't had a major correction for some time now. And when it occurs, it will be very sharp and going to last for a few months at least.

FOMO made me buy bitcoin at 28000 and sold them at 29500 and again made me buy for 29400 and I'm not regretting yet.
Though I should be clear that I'm not playing with all my money here. 80% of my cryopto balance now resides as stable coin while I'm betting the rest 20% for a price of 31K for bitcoin. And to add up, I have zero altcoin balance at the moment.

It is because you are aiming for short term which helps you a lot, but if the case is otherwise then that means that you might lose a lot of money and the time it takes to get a decent profit will be long. That is a good thing that you are splitting your coins, mine is on a safer side of 50/50. To other people that reads this, this might work for me but not for you same as the quote above, do your own research because the decision fall on you in the end.

FOMO hasn't started yet, because the market hasn't shown signs of sideway deviation. There is continued progress in the price. Now it has crossed the $29500 barrier which is big.

People will continue to keep hold when the price is on the rising trend. When there is drop/hard fluctuation people panic about missing the opportunity to sell at higher price. This is where panic sell gets initiated and cause market decline out of FOMO.

Currently the fomo is limited to institutions only and they do not want to be left behind in collecting bitcoin as bitcoin is a scare/limited asset. Retail fomo will also come soon as bitcoin price will cross 30,000$ and above. This bull market will continue till the end of 2021 and may expand to 2022 also.

What makes someone impatient is that FOMO, which simply contains no nonsense noise, is easily swayed by it. We have to follow FOMO, but only as an illustration that the crypto is busy with visitors, not to be swallowed up. You also have to look at different crypto backgrounds, so choosing crypto does not necessarily have to be based on FOMO. But what should be noted is that the investment isn't about your big funds, but by making a profit, you can manage the smallest funds.

Sometimes, without doing research, many traders buy coins first, just because they are affected by FOMO. Ultimately purchase coins that for HODL, they are appropriate, and cause us to experience losses because we really choose the wrong coins. If you are planning to invest. In order to be sure of the potential of the coins we buy, you must always do your own research and analysis. It is very important for investors to choose coins that are worth purchasing. Don't be lazy about doing research and analysis.

Indeed the time to get in was when everyone thought bitcoin was burst.    BUT there is a massive correction coming soon, very likely.    follow my analysis https://www.facebook.com/BLCrypto/posts/104844901555486

Well I think what really matters here is what you would consider of being a 'unrealistic predictions about Bitcoin'.  I think 100k each coin is not going to happen but a price of 40k for coin is possible I believe.

Is this is considered being guilty of FOMO then well it is not something I am doing on purpose.  Its just a really strong belief and possible reality for the price.  There are many factors that lead me to this conclusion.   

For anyone thats saying how Bitcoin will be impossible for the price to double by end of this year then they dont really understand how history and the halving will effect price.

FOMO will really happen if bitcoin's price will continuously increase. Add to that are the big institutions investing in it and speculations of many people that are saying it will reach this particular price.
People who don't have bitcoin are easily attracted to buy wanting to earn some good profit. If the market doesn't go well and it starts dumping hard then what happened way back 2017 could happen again leaving many people in a big disappointment.

$6k in your dream my friend, we won't see again price under $25K. believe me, "most people are smarter than before" like you said.

look like FOMO doesn't start yet. people with small money aren't starting buy yet, they still watching the whales Bitcoin in the market. you should be waiting for correction until 50k I guess  ;D

they aren't getting any lost at the moment, people who bought at ATH 2017 got the profit right now, so explain to me what lose you mean?

The greed and fear index had been high over the past one month and the volume traded had been same in the last one week but lower than previous. I dont know if buyers are more than sellers but I feel traders are getting more cautious even with the consistent rise in price. They think if the price is not controlled from here the dip might be more than what they want but we will wait into the middle of the month because January has not been an active market in the past.

The index will show you a general trend. In bear market it used to be in fear/extreme fear for months and in bull it's the other way round. Thinking that extremes mean immediate correction will only get you to lose money. In general there's 2 simplest ways one can trade here. You either sell a bit at each important step like 25k, 30k, 35k, and gradually exit as price goes up, or ride it all the way up until you see a double top or first signs of a crash. I'm still holding and don't believe we're in the last stage of a FOMO yet.

If they pay attention to the rules of not listening to any random users online in regards to taking prediction on what the next move of bitcoin is they'll be far away from this issue you just highlighted. The fomo has already started long time ago and it seems the peaks has already been reached or it's getting closer. Times like this are very dangerous to invest in an asset but since Bitcoin is highly volatile you can't actually be certain we have reached the peak.

Any investment done now should be for the long term as the possibility of profiting in short term aren't certain since a correction can occur anytime soon. Short term investors can monitor the market and wait for their opportunity to buy in.

The buy-in should be done systematically as the price could fall further after a dump. Retail investors are those buying in right now and a common attribute among them is panic sells which could affect how the market react to a correction.

bitcoin is more of a short term now because it is actively volatile again . it goes down but go up faster and goes down again and go up , repeat .
 but the price didnt increase continiously , if it reach a slight higher point it will stop there and become stable
but you cant go wrong with long term investing in btc because the price can shoot more in the future if not today or tomorrow .  fomoers are predicting seriously or with serious amounts , if i were you i wouldnt hate them because they help market btc

This FOMO will continue as long as Bitcoin is still a hot topic of conversation. We will see how more and more people today are plunging into the world of crypto because they are tempted by the rapidly increasing price and profits. In this case, we may also know that Bitcoin is always the coin that gets the most attention to be predicted from time to time, from the bear market to the bull market.
Regarding FOMO itself, many beginners are forced to follow various predictions from channels or trusted people where they are already professionals to analyze the market. Because the newbies don't know how the Bitcoin market is today and in the future.

The interest is only going to keep growing but at the same time this should tell us how massive this bull run is going to be, if only now people are taking notice of what it is happening in this market then this means that we have not seen the FOMO taking place yet, almost all technical indicators should be showing that bitcoin is being overbought and yet it does not slow down which means that most likely this bull run will continue for a great deal of the current year.

The ship has sailed for bitcoin. Risks are too high going forward as bitcoin is extremely overbought in the short term.
https://i.imgur.com/4BdCLO2.png
source (https://pyinvesting.com/trading-breakouts/)

The wind for Bitcoin is on our side but anytime it could change that is why I don't fall for FOMO at all because I've learned the lesson way back 2017 and that lesson really hurts. The basic "buy low sell high" still works for me and at the moment I got nothing to invest coz I lost my job.

It's one kind of fomo for those who're new into this market as they might not know when to take entry or exits. As everyone is bullish, all those newbies might be made the same mistakes what i or you or we did back in 2017. But it's also true that fomo isn't going play with those who took leasons from 2017's bull market.

Emotions like greed will always be present in the market. The trading forces change as years pass by, but we're all humans even if sometimes bots trade for us. We can still set them to be more aggressive during a bull run :))

This kind of post is always helpful especially for beginners in trading. A bull run can inspire euphoric states in some people and it's not a good idea to trade when you're on that extreme. You should be feeling good when trading, but not too good if you know what I mean. Always keep your emotions in check is my final advice.

Another way to see the fomo in bitcoin is to check the google searches for bitcoin and it has again started to increase in the last few weeks. The more people search about bitcoin, the more they will fomo and buy it. You can check what's trending at https://trends.google.com/.

There'll be always a FOMO its depends on us how we face it. Nowadays peoples are smart and they can easily tell the difference between the Ponzi scam and real investing based companies. They learn from their mistakes and today they're smart. Now Fomo is only for those who have less knowledge of bitcoins like newbies when they step-in bitcoins world a lot of Ponzi scheme try to scam them.

People aren't actually smart as your presume, the scammers are getting smarter and still pulling off great stunts in regards to countless amount of scams. The obvious ways has been reduced to some extend, the doublers, matrix etc has been reduced to the minimum but that can't be said about investing in new project that promised high returns like as recorded with ICO, IEO and just bursted defi projects.

People greed still get the best of them and they fall victim to scams in their disguise forms. Fomo is one of the major reason for this incident. We can't stop it from been a part of the industry since majority of the enthusiast are less equiped with the right mindset to be able to combat this emotions when they occur.

Yeah, but still the cycle will continue, those who have been a victims in 2015-2019 become smarter, but how about those who entered late in 2019? then will not become the victims of this Ponzi scheme until it's too late and then they learn from their mistakes. And then a new set of noobs will come along, thus it is pattern in crypto sphere.

Even experience investors do FOMO from time to time, it's human behaviour, but with their experience, they know when and how to get out, unlike those newbies who think that the price will continue to spike without any corrections along the way.

The best time for buying bitcoin is during dip. When whales sells their bitcoins and dumped the market. And they again buy the bitcoins at cheap prices.
But, now the whales creates a fomo for buying the bitcoins.
In just 22 days, the bitcoin price double from its ATH(ALL TIME HIGH). In this bull run no one predicts, when the price of bitcoin returns. The price of bitcoin is just making ATH to ATH. So, taking trade in this bull run is very risky.

It is, trading is risky all the time. But if you check the results of previous post-halving bull runs, you'll see that it's ATH after ATH all the time. Say 5K was also looking crazy in 2017, it was like x5 previous ATH. Was it a bad decision to buy BTC for $5k in 2017? I don't think so))