FOMO. Anybody else?

Yep...not like im new to btc or anything but WHY is it, every time the pot starts to bubble, I run off to count my piggy bank for "just a couple more"? Lol
I'm curious if anyone else (that has been around long enough to know better) still gets these vibes?
I've been content buying the dips AND the tops...little at a time. Today was the first day in forever that I checked price more than once in a day lol...usually a sign that I'm gonna panic buy and of course, watch price drop the second in do.
Pb2k

Will get at least 400 from halving and as soon as all the media starts to report on BTC price skyrocketing everybody and their mom will come buying again.

Yeah...but will YOU get that old familiar feeling of fomo?
I know better and I can't help the vibe...just kinda wondering if there's anyone else ,like i said "who has been around long enough to know better" that shares this level of NON discipline?

Quote from: pitbully2000 on October 23, 2015, 06:14:24 AM

Same here lol. Been checking the price more than 10x a day just to be sure the the trend is going to where it should be. I do it often because I'm thinking when is the best time to exhange my coins to fiat. Cheesy

Was a lot of money sitting on the sideline making sure the bottom is fully in before they go back again. It appears the bottom is now in, downtrend over, and we aren't going back due to halving.

I still get FOMO a little, but atleast I recognize it now. I don't get all messed up thinking of nothing else anymore Wink

Still, I have a buying plan, buying a little every month, and than it is always painful to see the price rise by 20 USD a couple of days before my buying day..

yep i know the feeling - you will also feel like "i knew it would increase and so why didn't i buy more when i had so much opportunity to do so"

instead i wasted money on x

and missed out on profit y

which i could have bought z with

the feeling only gets stronger as the value of z goes up as BTC increases

some people say that you should only put a small % of your net worth into BTC because of the high risk but i believe there will many people around which are early adopters but won't get to capitlise on being an early adopted as much as they could have if they were just willing to risk just a little more..

Quote from: gr8n8 on October 23, 2015, 07:43:01 AM

yep i know the feeling

After you buy an altcoin on Poloniex:

After you buy a Bitcoin:

I don't have that feeling. I know there will always be a better price to buy/sell within three months.
It has always been like this. It pays to be patient when it comes to trading bitcoin.

Quote from: Morecoin Freeman on October 23, 2015, 08:30:54 AM

I don't have that feeling. I know there will always be a better price to buy/sell within three months.
It has always been like this. It pays to be patient when it comes to trading bitcoin.

5 months before the halving? Yea right. People know the halving will take it to at least 400 and they just began pricing it in now this month. You might get lucky and see some kind of flash crash to 260 or something between here and 3 months from now, but the trend is definitely up. The fact that I have zero desire to sell any of my coins right now means the price is going higher.

I have the feeling that this was at a very bad timing.

Quote from: zby on October 23, 2015, 09:51:09 AM

I have the feeling that this was at a very bad timing.

Get your shorts in there. Wink

Quote from: r0ach on October 23, 2015, 08:38:28 AM

Quote from: Morecoin Freeman on October 23, 2015, 08:30:54 AM

I don't have that feeling. I know there will always be a better price to buy/sell within three months.
It has always been like this. It pays to be patient when it comes to trading bitcoin.

5 months before the halving? Yea right. People know the halving will take it to at least 400 and they just began pricing it in now this month. You might get lucky and see some kind of flash crash to 260 or something between here and 3 months from now, but the trend is definitely up. The fact that I have zero desire to sell any of my coins right now means the price is going higher.

Are you sure you aren't one of the large group of people saying; when I buy the price goes down, and when I sell the price goes up?

Quote from: 1Referee on October 23, 2015, 09:59:30 AM

Quote from: r0ach on October 23, 2015, 08:38:28 AM

The fact that I have zero desire to sell any of my coins right now means the price is going higher.

Are you sure you aren't one of the large group of people saying; when I buy the price goes down, and when I sell the price goes up?

No, I am the epitome of the average Bitcoin man, the canary in the coal mine.

Quote from: r0ach on October 23, 2015, 08:38:28 AM

The fact that I have zero desire to sell any of my coins right now means the price is going higher.

Very few people can conquer those primal feelings. The ones that can are the market winners. The ones that don't are their fodder. It sounds dead simple to simply flip normal behaviour on its head. The reality is rather harder to implement.

Quote from: pitbully2000 on October 23, 2015, 06:14:24 AM

me..I've mined all mine since 2013....soon home mining will be dead for me as well (13c kwh) ..so not sure ..have held it all...even ate the electric price rather then cash out coin..so this either works or I will be...wait for it....'the beanie baby king of crypto' or something like it...if it all goes 'tulips'

whatever can't say this whole thing is not 'interesting' ..but so far don't speculate on coin....too confused just trying to follow the logic (none) of why crypto does
what it does when it does it...speculation scares the crap out of me...so until my miners (titans) go doorstop....I'm confused enough by my equip/elec/hoarding since 2013
thank you very much! Don't need the added stress/confusion

(if this goes beanie baby ..I will make a shelf with paper wallet wall paper behind it...send one of my Titan cubes to the place that bronze's baby shoes..get that done...then
decorate the shelf with tulips..as a monumental shrine to me being an idiot ..always best to keep the ego in check and a catastrophic back up plan ..in my case...folk will
ask ..I will simply point them to said shrine....(prob should include a reference to the evils of 'kool aid' but can ponder that another time)

Quote from: pitbully2000 on October 23, 2015, 06:14:24 AM

It's just a human nature bro! We all tend to wanna buy when we see something is growing and want to sell when we see something is dropping. It happens to me all the time.

The real truth is that we should buy when everyone is selling and sell when everyone is buying, at least that's what everyone says that is the key on making money in the markets!

Quote from: Mickeyb on October 23, 2015, 02:18:32 PM

You neglected momentum trading.