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Author Topic: Are you feeling FOMO like I am?  (Read 1111 times)
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December 06, 2023, 11:38:31 AM
 #61

Anyone else feeling same way?
I try to be calm looking at the current market situation, not to feel sad if I miss the train because there are still very few Bitcoins stored or feel afraid that the price will go down because I don't immediately sell it at $44K. After all, the Bitcoin market will still move dynamically, when it goes down only for a temporarily before it goes up again, as well as when it goes up, of course, there will be a time to go down temporarily, take the opportunity to profit according to what you want and don't need to think too much about what will happen until the end of this year, because for those who have limited funds like me, don't expect to make a profit of tens of thousands of dollars because the profits obtained will be comparable to the funds we dared to invest in buying Bitcoin a long time ago.

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December 06, 2023, 12:07:33 PM
 #62

I think the ETF approval is going to get approved soon, maybe by January, because I am hearing stuffs that ETF sales is already live, so the approval must happen by ease or by force, still my advice is to take your eyes off the value of Bitcoin right now and focus on your DCA strategy.
Take note that you cannot predict what the SEC is going to do, i know some people are saying it will happen soon and i am sure so many of them are repeating that because of what they feel would happen with the price of BTC, too many people are expecting a huge pump in the price of BTC if spot eft's are approved in the U.S. market, but all i can tell them is to wait. Your expectations will not determine what the sec are going to do, and i don't think people should be buying BTC's only because they anticipate a spot etf approval from the sec, it shows they are nothing but get rich quick buyers.

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December 06, 2023, 12:11:17 PM
 #63

I do hope that Bitcoin can go back down to 30k range because I am not done accumulating my target yet, and now that the transaction fee is even higher, I have to take up to every two weeks before I buy some more Bitcoin, but reading online that the Black Rock and others are pressing harder on SEC to approve the ETFs just seem like something that's finally happening.

I do hope that by early next year there will be a major pull back before the Bitcoin halving is over, I don't have any reason to feel any FOMO right now because the exact BullRun won't happen until few weeks or months after the Halving event, hopeful the price will keep going side ways for a while, it's too soon to see a new all time high from now into 2024.

If you feel like FOMo into Bitcoin you must be new to this space, unless something entirely new will happen this time around, I might be right or wrong, but I am hoping for the extra time to accumulate as many Bitcoin as I can get before the time runs out.

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December 06, 2023, 12:41:35 PM
 #64

FOMO comes when you are not prepared, what is happening now is not new with Bitcoin price movement, we've seen this happen in the previous cycles and here is it again. I'm not moved at all by the recent surge in the price of Bitcoin because I still believe there is gonna be a buying opportunity when it's time, So no need for me to FOMO in, I have been buying gradually since the last dump and I'm patiently waiting for another opportunity to also get some stats, this is how I'm following the market trend.

 
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Blitzboy
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December 06, 2023, 12:59:33 PM
 #65

Bitcoin hitting $44,000 is coollllllll. FOMO is a heat, dangerous wave we're all surfing. Bitcoin isnt a fad. This innovative concept has a 10-year horizon, not just ten days. Bull season is just a taste of Bitcoin's potential. Its tempting to make snap decisions amid the exhilaration, but lets be smart. We're here for Bitcoin's transformation, not just its highs. Sustainable growth and educated investment should be our priorities, not FOMO-driven purchase.

Yes, we're fucking FOMO right now, but lets be cool, be calm. Bitcoin requires smart thinking, not emotional emotions. Stay focused on the long term - Bitcoin's underlying value.

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December 06, 2023, 01:26:29 PM
 #66

I already trusted bitcoin since i started knowing it in 2019 and I know that I missed out on a lot of opportunities and this ride of 44k is just part of it, there's nothing too late in investing and we are just few inches only with the possible brings bitcoin in the next coming year of 2024 to 2025. But this hype could be temporary or just take another dump, no one knows so keep grabbing the opportunities as can, lesson learned from the previous mistakes.

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December 06, 2023, 01:43:02 PM
 #67

FOMO comes when you are not prepared, what is happening now is not new with Bitcoin price movement, we've seen this happen in the previous cycles and here is it again. I'm not moved at all by the recent surge in the price of Bitcoin because I still believe there is gonna be a buying opportunity when it's time, So no need for me to FOMO in, I have been buying gradually since the last dump and I'm patiently waiting for another opportunity to also get some stats, this is how I'm following the market trend.

What should be the only reason for any reason of missing out is when you have your investment majorly on altcoins, you wouldn't know what may comes aftermath of these volatile market as some coins are rising while some are just unpredictable because they are not showing a significant symptoms of pushing forward as the bitcoin market price is increasing, so if one still intend to invest, then it's never too late to make something work out now because we are yet to experience the main bullrun still.

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December 06, 2023, 02:27:48 PM
 #68

Don't be carried away and always stick to the golden rules where use the money that you can afford to lose to avoid any blame and regrets and if you can, don't promote to your family and friends without telling them the consequences because this increase in the price will be one of the main reason why people will be interested in bitcoins because they can see the evidence once again right in front of their eyes. To be honest, it's really hard to resist but what can we do? Since the bitcoin halving is not yet happening and we are not even officially entered 2024, surely there will be lots of things that gonna happen in the crypto market.

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December 06, 2023, 02:43:07 PM
 #69


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?
Even though I don't own any bitcoins, I am very happy to see such an excited market.  Yes indeed we are slowly moving into bull season. I think the bitcoin market will grow even more if fake bitcoin ETFs are approved in January. But those who invested and waited for the bull season are seeing success today. However, I've decided to invest a portion of my weekly bitcoin payments from now on because I'd be happier if the bitcoins were halved.

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December 06, 2023, 04:28:03 PM
 #70

When people see huge pump in market then they realize that yes bitcoin is on the way to give benefit to holders in Bull run that is in 2024 so they start gathering more bitcoin but according to my opinion people should buy any coin when price get reduces because reduce price can enhance your chances of profitability.
There is no body who will be free to decide without FOMO and most of the people don't want to miss out the chance of buying bitcoin when the price is higher as they wants the price to further go ahead to show unexpected costs. Now everyone will be in Struggle and will wish to have more bitcoin and as they see that price hit the value of 43k$ so wishes begins to enhances for having numerous bitcoin so that they can shine their future.



 

 

 

 

 

 


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December 06, 2023, 04:48:01 PM
 #71

Anyone else feeling same way?

This feeling must come, especially for those of who are unfamiliar with how the market fluctuates. We've all been hoping for a market uptrend for a long time, with many speculating that the price will rise above $48K before the end of the year.

It took a while for it to come through, and since we are also eager to accumulate more before the bull season, seeing your portfolio rise amidst this will make you feel like you don't have enough and should have saved more before the uptrend. Whatever the case may be, we will not be left out if we have at least some bitcoin and wish to add more before the halving occurs.

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December 06, 2023, 05:36:19 PM
 #72

I think the ETF approval is going to get approved soon, maybe by January, because I am hearing stuffs that ETF sales is already live, so the approval must happen by ease or by force, still my advice is to take your eyes off the value of Bitcoin right now and focus on your DCA strategy.
Take note that you cannot predict what the SEC is going to do, i know some people are saying it will happen soon and i am sure so many of them are repeating that because of what they feel would happen with the price of BTC, too many people are expecting a huge pump in the price of BTC if spot eft's are approved in the U.S. market, but all i can tell them is to wait. Your expectations will not determine what the sec are going to do, and i don't think people should be buying BTC's only because they anticipate a spot etf approval from the sec, it shows they are nothing but get rich quick buyers.
Expect the unexpected and this market is always been like that, we might be able to assume out on what SEC would do, considering that they are really that against with Bitcoin or crypto overall.
As much as possible they would really be that doing things which it would really be according into their liking. If the community is already that anticipating for those things to go on that way
then they would really be that going to the opposite side on which tons of people didnt really expect for it to happen which it is really that against with their principle.

Now that the price is going up high because of the recent rumors of ETF approval then the price do make some rally.Fomo is there on which it is normal
but be careful because the price cant rise up forever on which there would really that a correction but of course we cant really be able to deny that shooting up
its price could really be always that possible.

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December 06, 2023, 06:10:20 PM
 #73

I guess for long term investors or at least have safe enough already, it's not FOMO but a feeling of excitement to see this kind of price and of course your wallet feeling fatten by the huge surge in the last 24 hours.

But we are still very far though, I think FOMO will be around $100k?

And that's how it is though, when the price really going into the moon, people suddenly goes and put their hard earn money into bitcoin. But if you have to think, they should have invested when the price is very low.

And we will see more meme's in the coming days for those who will FOMO.
Long-term investors have gone through a difficult time in the bear/bull market but this time it was already in the previous prediction that bitcoin could surpass $40K, of course the portfolio will go up but someone will feel less and want to continue buying, it could be a feeling of FOMO just a little bit.

Yep FOMO will be at $100K and many people will buy at that price.

Long-term investors do that, when the price drops they put a lot of money into bitcoin, but people who hesitate and want to buy at a lower price usually never buy because the price has risen.

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December 06, 2023, 06:49:24 PM
 #74

Its easy to feel like that when the price is getting this high, its important to feel that FOMO when the price wasn't so high. I have been saying that bitcoin will go up eventually and we will get rich again since it was 40k, and no I do not mean like a week ago, I mean 2+ years ago when it dropped to 40k from 68k, it went from 40k to as low as 15k and I was still saying it. Feel that bitcoin is the greatest investment you could make in the near future, there s nothing else in this world that will make people as much money as they possibly could from this situation, and you should be quite happy with it, I understand that it may feel like its not that great at the time, but its definitely greater than we expected.

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December 06, 2023, 06:53:26 PM
 #75

Ahh, the market is at the level where I do not want to accumulate anymore. However, I'm still happy with whatever I own because having no control over greed emotion can be a bigger disaster than having a small figure in the Bitcoin in the long time frame whoever is buying is making decent buying. Still, in the shorter time frame if a person is taking entry he's rushing himself and getting prey to FOMO which is not a good sign for a good investor.

I'm still expecting a decent correction in this price range I'll prepare well for any dip to buy back the desired amount. Until that time lets enjoy the Green market zone. We are just 34% away from the ATH, Let's cross 50K by the end of the year and I've been feeling overhyped about this healing event.


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December 06, 2023, 06:56:23 PM
 #76


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 have a similar feeling just like you, i am so excited about this bullish trend we are witnessing and it is a sign that we are fast approaching the bull run. I have every feeling that this trend will continue till the bull run arrives and i am overly excited that i keep checking checking bitcoin price to see how far we are going. It is a great achievement for all bitcoiners and we all hope to see the price keep rising.

When the price went from $39,000 to $40,000 and kept rising I also had the same feeling of not having enough bitcoin because I expected it to keep rising and this feeling got even worse when it got to $44,000 and i even got tempted to swap some USDT for bitcoin but it is not my strategy of accumulating bitcoin and if i do i will go against my strategy.

We will eventually keep accumulating more as we anticipate more increase in price but it is better to not let FOMO get the better of us because the price cannot keep rising and there is every possibility that after buying at a higher price the price could go down. There will still be a chance to buy when there is a dip.

 
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December 06, 2023, 07:46:34 PM
 #77

Anyone else feeling same way?
Anyone that knows about bitcoin that its price is going to be over $100000 this time will fomo.
First bitcoin has always been an object of FOMO even if you have a lot of it started already,  but much more for low-income individuals who choose the long-term Bitcoin accumulation path and with a low cash flow, it is just a natural phenomenon with Bitcoin.

If you have the fear of losing out it then means that you are still a human and it is your natural considering the kind of information that you are open to,  makes it very easy for you to experience that FOMO feeling and you shouldn't hit yourself for feeling so and if you have some spear cash received you may go ahead to hold more Bitcoin instead of stable coins or fiat.

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December 06, 2023, 07:48:21 PM
 #78

It's actually normal feeling that way since we have this greedy part of us that would always want to grab as much as we can as long as it's all about profits, most especially if you know where the market and bitcoin ate actually heading to. So I share the same feeling as well, the reason why I still pursue doing DCA everytime I have spare money so I won't miss any opportunity to invest. Bitcoin is the future, and I'm feeling this will give us a break later on.

However, there's no wrong if you FOMO with bitcoin as long as you have enough funds to sustain your investment, but if you do it with altcoins and meme coins, that's where the danger starts to happen. Prepare yourself then from losing any time.

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December 06, 2023, 08:28:28 PM
 #79

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?
Should we call this feeling FOMO? because you are not missing out on the opportunity overall, you are at least getting benefit from the buying you have made. I think you should set a limit for you. I did not set any limit for myself but after acquiring $1000 worth of BTC (please don't judge my investment) I started to think I should not invest more. Then I started to realize the potential of alts too and from then I am making small investments in alts and made a little profit too as the market is bullish so making a profit is a lot easier now.

Well, the point is, I set a limit for myself but still I somehow Invested another $500 in it but now I said to myself that I will stop fully and will not invest more, and not doing it anymore now. You should also set a limit for yourself. But if you are planning to buy more BTC and you have the funds then what's bad in buying more? I do know you have plans to hold for long terms as I read your previous posts too.

But if you think BTC will come down or you predicted it will but it is showing unexpected uptrend movements then it is better to invest with a small percentage of your money now and then wait for a small correction, I heard somewhere that the first week of the January will be more volatile and we might see a downtrend at that time. What you think how true it is.

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December 06, 2023, 08:44:44 PM
 #80

Anyone who is looking for profit or haven't invested into Bitcoin when it was trailing between $15k to $20k will be feeling the FOMO as it's a natural phenomenon. This is the time when some of them gets onboarded at wrong time if they are a short term investor because once the price has reached such level there are always possibilities of correction but also there are chances of going further and achieving new ATH.

Let's say a person wants to invest into Bitcoin when it was trending at $30k earlier this year and then it dropped below $20k hence the person didn't invest in the fear of losing it further but now when it has reached ATH of 2023 this person will be in FOMO since it has increase by 2x from the time he decided not to invest and sometimes end up investing when Bitcoin is at peak which can backfire when it drops.

I Personally don't feel FOMO this time since I have started accumulating BTC throughout the year as that's the best way to stay safe atleast you will be above breakeven in most of the situations.

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