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Author Topic: Are you feeling FOMO like I am?  (Read 984 times)
Dump3er
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December 06, 2023, 09:33:11 PM
 #81


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?

I think we have long entered the bull season, but we don't see it like that anymore because 100% or 200% doesn't sound like much compared to the outrageous gains Bitcoin has made some years ago.

We need to be more realistic about what is happening not only on the infrastructure side of things and how institutional money keeps flowing into the space, but also in terms of the price. just remember where our last low was and where we are now and how much time passed in between, then I think we could with certainty say that we are in the midst of a bull run that has been going for a while. We had some sidewards movement from time to time and it was pretty quiet I admit, but still these corrections and going back and forth at some price points wasn't really that Bitcoin didn't move.

It felt a bit as if some of the things have to fall into place first before it gets going again, but it is more like a bull that was held back by some ropes. So technically, I guess you are right because we had some phases that were so calm, but it was a gradual and strong increase for quite some time now. It depends on how you draw the line in the charts and what time window you choose.

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carlfebz2
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December 06, 2023, 09:51:41 PM
 #82


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?

I feel excited to see the price but I don't feel anything like to get FOMO on current situation since I always look for correction before accumulating. It's wrong for us to buy when bitcoin is pumping since there maybe a correction to happen and that maybe bad position for us if we buy at the top.

I already accumulate some when price at low so there's no need to rush on everything especially the current happening since I believe there's pull back gonna happen soon. Also to many things will happen so I keep monitoring to see a possible good position.

But if people really want to take some chance then maybe its better for them to trade in futures since from that they can possibly see some good result for taking long position for bitcoin.
For us people who do have that experience then we wont really be having that kind of excitement on seeing these current jump or surge in price or simply we have been get used to it but cant really be denied that
seeing this price once again do really give out that bit of excitement and positivity considering that we've been dealing up with bear market for a couple of years and now the price is really that heading back
on where it was before and now trying to reach out again that previous all time high. Feeling FOMO? Nope! This is really just that an ordinary day on crypto where price do pumps and then make out some
correction laterwards.

The best thing to do is you should really know on how to utilize these movements for you to be able to make profits on the time that you do make a good entry.
This thing what matter the most and also you should not really make yourself that being impulsive on buying specially on being scared on missing out because
once correction happens then this is where impulsive actions do happen.
mvdheuvel1983
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December 06, 2023, 11:01:43 PM
 #83

Anyone else feeling same way?
I saw Bitcoin at  $69k , + $16k,  and now $44k . I don't think I have an inch of fear of missing out. I have been here , I am here and I will still be here doing my biweekly DCA bull or bear season. Bitcoin will most definitely hit $50k on or before December 31st

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serjent05
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December 06, 2023, 11:16:29 PM
 #84

Anyone else feeling same way?
I saw Bitcoin at  $69k , + $16k,  and now $44k . I don't think I have an inch of fear of missing out. I have been here , I am here and I will still be here doing my biweekly DCA bull or bear season. Bitcoin will most definitely hit $50k on or before December 31st

If it doesn't hit $50k at the end of the year, there is still plenty of time for Bitcoin to hit $50k, as long as we are in a long term hodl and keep our cool and just do our regular DCA activities, I believe any changes of prices now won't affect our Bitcoin investment strategy.

For us people who do have that experience then we wont really be having that kind of excitement on seeing these current jump or surge in price or simply we have been get used to it but cant really be denied that
seeing this price once again do really give out that bit of excitement and positivity considering that we've been dealing up with bear market for a couple of years and now the price is really that heading back
on where it was before and now trying to reach out again that previous all time high. Feeling FOMO? Nope! This is really just that an ordinary day on crypto where price do pumps and then make out some
correction laterwards.

I think we can't remove the excitement of the idea of Bitcoin surging because Bitcoin surge means more profit for us.  But I think to those people who have seen higher price of Bitcoin, they won't enter in FOMO stage because they know that it will take time for Bitcoin to break the ATH.

The best thing to do is you should really know on how to utilize these movements for you to be able to make profits on the time that you do make a good entry.
This thing what matter the most and also you should not really make yourself that being impulsive on buying specially on being scared on missing out because
once correction happens then this is where impulsive actions do happen.

This is good for short term investors but to those who plan to hold Bitcoin for a decade or more, I think this kind of price movement has little effect on them.

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.HUGE.
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jeraldskie11
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December 06, 2023, 11:48:48 PM
 #85

Anyone else feeling same way?
Bull market already started since march 2023. People expect to have the same momentum of price in 2021 to consider that the bull market is starting. In the first place, I didn't expect that to happen because it's different, there's is no resistance we can see in the chart of 2021, but in 2023 chart there's a lot. That's why it's difficult to see an continuous impulsive momentum of price since there's a lot of resistance above, and it takes a huge demand to surpass that areas. I'm so glad that the price hit $44k in this early even though there are lot of negative news related to Bitcoin, this only means that the maturity of Bitcoin is now began.
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December 07, 2023, 01:31:36 AM
 #86

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?
On the one hand, I also feel the same way, but because I try to maximize it as best as possible, I don't think too much about it. When you see a wallet with an estimated amount of bitcoin to local currency it is quite tempting and you might think one thing, why don't we buy as much as possible when the price is still not as bullish as it is now. In fact, we will always be late when what we want starts to show big changes and so that we don't regret it, buy using DCA so that we can slowly increase the number of bitcoins we have.

This must be another consideration and when you have the opportunity to invest, do it because if you delay we will miss the opportunity to make big profits in Bitcoin. Imagine if this was reviewed by people who don't have any bitcoin at all and I'm sure they are quite regretful now, because they had the opportunity but they didn't try to take the opportunity that existed.

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December 07, 2023, 02:06:26 AM
 #87

Bitcoin hasn't crossed it's all time high yet and the price of bitcoin isn't that close to that yet that it's not worth buying more bitcoin now, I feel like anytime is a good time to buy bitcoins as long as you are going for the long-term investment in it. Plus if you trust bitcoin so much and you have a really high selling price goal like 100k and up then it's no bones for you to buy bitcoin right now and just continue hodling, it's not a mandatory thing for you and anyone to sell all their bitcoin when they feel like they've bought at a certain price range that they're not happy to let go off, just sell the part/amount of bitcoin that you have already doubled or tripled your initial purchase and then hodl the rest.



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December 07, 2023, 02:23:04 AM
 #88

Anyone else feeling same way?
If you say FOMO, I don't think I feel that way. But I was a little surprised when bitcoin hit 44K. There is also a feeling of wanting to buy, but I don't feel afraid of missing out. So you could say maybe I didn't experience FOMO when bitcoin hit 44k. But more like just surprised.
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December 07, 2023, 03:45:47 AM
 #89

FOMO, or fear of missing out, often leads people to make impulsive decisions based on fear of missing out on potential gains. This can often lead to irrational buying behavior, especially when it comes to investing in assets like Bitcoin. For those who already hold Bitcoin and are looking to accumulate more, this may not necessarily be considered FOMO buying. This is because they are already invested in assets and are looking to increase their holdings for strategic reasons rather than simply following the crowd. Whether you're excited for a potential bull run or content with your current holdings, it's part of a range of perspectives within the crypto community. As long as you're making informed decisions and staying true to your own strategy, that's all that matters.

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December 07, 2023, 04:07:43 AM
 #90

Many people are in the same situation as you think about the current market situation. The bull run that was supposed to start next year has already started but ETF approval is not yet. Whalers will want to take that opportunity. Whales will prepare their holdings for the potential bull market. They will get the highest price when the bull market starts. I think the market will pull back a bit again if the Bitcoin ETF is not approved, but again bull market will come because of the halving. Meanwhile Bitcoin price has reached 44k which is more than expected according to the time. For those who haven't invested yet, it's best to wait till ETF approval. But those who are reluctant to invest for long term can still invest.

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December 07, 2023, 04:19:46 AM
 #91

Yea, I do. So many coins seem so tempting to buy but where is liquidity? I actually seem more satiated in bear season, everything rising makes me so restless.

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December 07, 2023, 04:49:38 AM
 #92

Anyone else feeling same way?
I saw Bitcoin at  $69k , + $16k,  and now $44k . I don't think I have an inch of fear of missing out. I have been here , I am here and I will still be here doing my biweekly DCA bull or bear season. Bitcoin will most definitely hit $50k on or before December 31st

I've been there too, but sometimes there is just some feeling that you will need to add more from what you have been purchasing at a lower price via DCA. This kinda similar to FOMO and it is a feeling of greed that we need to take advantage to maximize our profit from the current price surge.
Some may even think of getting a loan to try and add something to their holdings especially in times like this. Those who has been here for quite some time already know what kind of price we are anticipating in a few months away from the bitcoin halving and the post halving pump.
But then again, those who have been accumulating from the start will not totally going to be affected by FOMO.

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December 07, 2023, 05:30:15 AM
 #93

Many people are in the same situation as you think about the current market situation. The bull run that was supposed to start next year has already started but ETF approval is not yet. Whalers will want to take that opportunity. Whales will prepare their holdings for the potential bull market. They will get the highest price when the bull market starts. I think the market will pull back a bit again if the Bitcoin ETF is not approved, but again bull market will come because of the halving. Meanwhile Bitcoin price has reached 44k which is more than expected according to the time. For those who haven't invested yet, it's best to wait till ETF approval. But those who are reluctant to invest for long term can still invest.
For now, many people are taking the opportunity first before 2024 starts. especially at this time where it is better to prepare in advance than to be late. As for what the results of the Bitcoin ETF will be, sometimes we don't pay attention to it, because for those who know Bitcoin and aim for long-term investment, of course it is still worth investing at this time. and sometimes many people think that the end of the year is the time for crypto to increase

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December 07, 2023, 06:27:23 AM
 #94

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 believe everyone is feeling this way, just to varying degrees. It's hard to resist the allure when Bitcoin keeps surging, despite constant predictions of an impending correction from the wider consensus. Those who haven't established a position and are waiting to buy at a lower price are truly restless. I've missed out on buying Bitcoin at two good price points, $16k and $25k. I'm experiencing some serious FOMO even though I've been in this market for two cycles. This year's Bitcoin cycle is particularly uncomfortable.

But let's take a step back to see the bigger picture. Bitcoin has been on a continuous rise since the beginning of the year, with no significant correction yet. Moreover, it's getting very close to the $48k resistance zone, which isn't easy to overcome at the moment, in my opinion. So instead of FOMOing into Bitcoin right now, perhaps I should consider some promising altcoins for short-term profits before the market undergoes a significant correction.

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December 07, 2023, 06:29:13 AM
 #95

Quote
Re: Are you feeling FOMO like I am?
FOMO?? Hype?? I've seen the market go to a bull run twice, and it came to a point already where I don't feel anything at all when I see the market going up, and at the same time when it's going down.

I don't feel anything at all. No excitement, no sadness because I feel that I didn't accumulate enough Bitcoin, no disappointment, nothing. I mean I don't know, but I don't feel anything. I'm just waiting for Bitcoin and other altcoins to reach my target selling prices. I'm focusing more on my strategy, and being emotional isn't a part of it. I'm disappointed in myself because I didn't sell all of my assets during the last bull run a few years ago, but this time I will not miss the opportunity anymore.

Bitcoin will reach $100,000. That's a fact, and it's only a matter of when it will happen. It might happen on the next bull run which is highly likely to happen, or it might happen on the next bull run after the upcoming one. No need to get FOMO'ed as of this moment. Focus on your strategy (if you have one). Continue saving money so when the market goes down, you have some money to be used in buying assets at a cheaper price.

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December 07, 2023, 07:22:24 AM
 #96

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.
It's important to try to save as much as you can during this period, I have taken a debt right now to pay for some stuff so I can't really save at the moment, and I know that I am going to end up missing the next bull run, but I know that I could make some profit with smaller amounts if I could get in with some of the alts that go crazy, so I am trying to get a small amount to just have a good return from those, I will not get rich, and I will be quite poor even after the bull run, but at least I will be able to say I am poor without a debt, that's my goal.

However, I will keep on saving later on, after the debt is finished, there will be yet another bull run during 2028-2029 and that means I have a lot of time to save a lot of bitcoins aside for those times.

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December 07, 2023, 10:50:24 AM
 #97

I feel like I could have acquired more yes.
I also feel some type of way about them calling it a super cycle and I'm not holding more.
But I've learned over the years crying over realized losses isn't going to make gains or really benefit me in any way.
I'm counting my blessings , if I'm meant to have more then it'll come my way.

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December 07, 2023, 11:49:57 AM
 #98

The fear of missing out can become a very dangerous and risky move if it is the reason for buying. It is better if there is a research or analysis done before buying but basing our judgement on the current price might trigger FUD at the end of the day. Take for example an investor might see the the sharp move of bitcoin and feels they will make quick profit by the next bullish push only for them to run out patience because of possible delay in the push and sell out of FUD only to see the price pump after some time
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December 07, 2023, 01:15:13 PM
 #99

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.
It's important to try to save as much as you can during this period, I have taken a debt right now to pay for some stuff so I can't really save at the moment, and I know that I am going to end up missing the next bull run, but I know that I could make some profit with smaller amounts if I could get in with some of the alts that go crazy, so I am trying to get a small amount to just have a good return from those, I will not get rich, and I will be quite poor even after the bull run, but at least I will be able to say I am poor without a debt, that's my goal.

However, I will keep on saving later on, after the debt is finished, there will be yet another bull run during 2028-2029 and that means I have a lot of time to save a lot of bitcoins aside for those times.
Your approach to financial limits and potential advantages is admirable. One acknowledges your debt predicament; its difficult. Although dangerous, your idea to invest in altcoins in tiny sums is smart. Altcoin markets are volatile, thus great rewards frequently come with high risks.

Your long-term vision is reasonable. Post-debt, channeling savings into Bitcoin for the anticipated 2028-2029 bull run shows foresight. Bitcoin tends to reward patient investors despite its swings. Your desire to be "debt-free", if not wealthy, is realistic and admirable. Not just wealth accumulation, but financial stability and freedom. The path to financial freedom is typically a marathon, not a sprint. Persistence and patience help.

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Altryist
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December 07, 2023, 02:49:58 PM
 #100

I feel like I could have acquired more yes.
I also feel some type of way about them calling it a super cycle and I'm not holding more.
But I've learned over the years crying over realized losses isn't going to make gains or really benefit me in any way.
I'm counting my blessings , if I'm meant to have more then it'll come my way.
You should not regret if you missed some opportunity, I always tell myself at such moments that if there was this opportunity, it means that there will always be another one. So take this missed opportunity as a lesson you need to learn so you don't miss out on the next opportunity.

And I will tell you that there are always opportunities around us, this applies not only to investments in cryptocurrency, they are truly always around us, we just need to pay attention to them.

We are now approaching a bull market, so we should not sell the coins that we have now, the coming years will be very good for cryptocurrency, and we should not give in to any FOMO, we hold and wait for our goals.

.
.DuelbitsSPORTS.
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