Don't buy bitcoin only because of FOMO

[LUCKMCFLY]

Always Start accumulation very early, don't wait until when bull market is close before investing.

Accumulating bitcoin early is good for those who find out about it and invest in it when they have the spare money. Not all investors in crypto were lucky to invest in bitcoin early, don't forget about that. Many invested when they had the money to invest, which is not a bad move, so long they will be hodling their bitcoin for long.

If we had been able to buy Bitcoin at the beginning, perhaps by now we would have made a lot of profit, instead of buying it now it would be too late or because of FOMO. but the price of bitcoin is starting to get expensive and I don't think this is FOMO, but because bitcoin's popularity is increasing.

No doubt, bitcoin is getting expensive. What should we do to that, is it not to invest with the little amount we have and expect a profit from that rather than wait for when bitcoin gets down in price before we invest because doing that alone would deny us the opportunity not to be among those that would gain from their bitcoin investment.

Many buy when bitcoin is bullish and is going up and up, I don't say anything, because the people in the world in use mostly get the emotions, they are not able to compare when it is at a much lower price, they buy high because They expect their investment to go up a lot, or rather they expect it to go up too much and that doesn't work that way, it may work for them, but the chances are slim, I would say that it is always better to buy with the DCA method which is one of the things that proliferate for good in the future and you will always have bitcoin available.

[bayu7adi]

Many buy when bitcoin is bullish and is going up and up, I don't say anything, because the people in the world in use mostly get the emotions, they are not able to compare when it is at a much lower price, they buy high because They expect their investment to go up a lot, or rather they expect it to go up too much and that doesn't work that way, it may work for them, but the chances are slim, I would say that it is always better to buy with the DCA method which is one of the things that proliferate for good in the future and you will always have bitcoin available.

Actually, I don't really care what price they buy at, because I'm sure everyone has their own strategy according to their own analysis and research. When you think the price is high, they might still think it is low. Everyone's point of view in setting Bitcoin price levels is different, and this cannot be denied.

Instead of focusing too much on people's decisions, why don't you focus on the next step you want to take. Soon a bullish moment should come, and I'm sure everyone has their own plans to welcome that moment.

[Uruhara]

Many buy when bitcoin is bullish and is going up and up, I don't say anything, because the people in the world in use mostly get the emotions, they are not able to compare when it is at a much lower price, they buy high because They expect their investment to go up a lot, or rather they expect it to go up too much and that doesn't work that way, it may work for them, but the chances are slim, I would say that it is always better to buy with the DCA method which is one of the things that proliferate for good in the future and you will always have bitcoin available.

It is true. And maybe some people take buying action because they are affected by FOMO. And maybe those who buy when there is an increase are because they are short-term traders. Or day traders who always enter following the trend and exit before the trend ends. But there are also many beginners who get caught up in FOMO and instead buy when the price is at its peak. But as long as they intend to save in the long term then perhaps their actions can still be forgiven. Because they can also re-accumulate more when there is a downturn.

[Jamal Aezaz]

It is true. And maybe some people take buying action because they are affected by FOMO. And maybe those who buy when there is an increase are because they are short-term traders. Or day traders who always enter following the trend and exit before the trend ends. But there are also many beginners who get caught up in FOMO and instead buy when the price is at its peak. But as long as they intend to save in the long term then perhaps their actions can still be forgiven. Because they can also re-accumulate more when there is a downturn.

We should not buy Bitcoin due to FOMO but we should first learn about bitcoin instead of accepting the advice from others because if we have not made any research and do what other people want then we will be trapped into the wrong concept.

If someone has an accurate knowledge then he will decide accurately when to buy and when to sell and will take advantage of both bear and bull season but those who have no knowledge when they listen from others about the benefit of Bitcoin then they will rush to be a part of it without thinking about bear and bull season.

[0t3p0t]

It is true. And maybe some people take buying action because they are affected by FOMO. And maybe those who buy when there is an increase are because they are short-term traders. Or day traders who always enter following the trend and exit before the trend ends. But there are also many beginners who get caught up in FOMO and instead buy when the price is at its peak. But as long as they intend to save in the long term then perhaps their actions can still be forgiven. Because they can also re-accumulate more when there is a downturn.

We should not buy Bitcoin due to FOMO but we should first learn about bitcoin instead of accepting the advice from others because if we have not made any research and do what other people want then we will be trapped into the wrong concept.

If someone has an accurate knowledge then he will decide accurately when to buy and when to sell and will take advantage of both bear and bull season but those who have no knowledge when they listen from others about the benefit of Bitcoin then they will rush to be a part of it without thinking about bear and bull season.

Yes as we all know "knowledge is power" meaning it is a must and is very improtant especially in this volatile industry. People who has enough knowledge about Bitcoin and stuff does not fall into FOMO because they already know what is happening in the market and they can execute more accurately without rushing. Decision making is critical especially in executing our entry and exit so yeah we really need to acquire enough knowledge to not fall into a wrong emotion fight.

[doc]

It is true. And maybe some people take buying action because they are affected by FOMO. And maybe those who buy when there is an increase are because they are short-term traders. Or day traders who always enter following the trend and exit before the trend ends. But there are also many beginners who get caught up in FOMO and instead buy when the price is at its peak. But as long as they intend to save in the long term then perhaps their actions can still be forgiven. Because they can also re-accumulate more when there is a downturn.

We should not buy Bitcoin due to FOMO but we should first learn about bitcoin instead of accepting the advice from others because if we have not made any research and do what other people want then we will be trapped into the wrong concept.

If someone has an accurate knowledge then he will decide accurately when to buy and when to sell and will take advantage of both bear and bull season but those who have no knowledge when they listen from others about the benefit of Bitcoin then they will rush to be a part of it without thinking about bear and bull season.

Yes as we all know "knowledge is power" meaning it is a must and is very improtant especially in this volatile industry. People who has enough knowledge about Bitcoin and stuff does not fall into FOMO because they already know what is happening in the market and they can execute more accurately without rushing. Decision making is critical especially in executing our entry and exit so yeah we really need to acquire enough knowledge to not fall into a wrong emotion fight.

You are right, knowledge and experience make a person not affected by FOMO.  Those who have invested in crypto for a long time will remain calm when watching the market and be careful in making decisions.  What I've seen so far are newbies and people who don't have deep experience in investing in crypto.

[0t3p0t]

It is true. And maybe some people take buying action because they are affected by FOMO. And maybe those who buy when there is an increase are because they are short-term traders. Or day traders who always enter following the trend and exit before the trend ends. But there are also many beginners who get caught up in FOMO and instead buy when the price is at its peak. But as long as they intend to save in the long term then perhaps their actions can still be forgiven. Because they can also re-accumulate more when there is a downturn.

We should not buy Bitcoin due to FOMO but we should first learn about bitcoin instead of accepting the advice from others because if we have not made any research and do what other people want then we will be trapped into the wrong concept.

If someone has an accurate knowledge then he will decide accurately when to buy and when to sell and will take advantage of both bear and bull season but those who have no knowledge when they listen from others about the benefit of Bitcoin then they will rush to be a part of it without thinking about bear and bull season.

Yes as we all know "knowledge is power" meaning it is a must and is very improtant especially in this volatile industry. People who has enough knowledge about Bitcoin and stuff does not fall into FOMO because they already know what is happening in the market and they can execute more accurately without rushing. Decision making is critical especially in executing our entry and exit so yeah we really need to acquire enough knowledge to not fall into a wrong emotion fight.

You are right, knowledge and experience make a person not affected by FOMO.  Those who have invested in crypto for a long time will remain calm when watching the market and be careful in making decisions.  What I've seen so far are newbies and people who don't have deep experience in investing in crypto.

Yeah exactly. Some people are forced to jump into crypto because they knew someone who makes money out of it that is why they just take part without enough knowledge the reason why they got rekt. Even experienced traders sometimes lose how much more the neophytes. 😁