Don't buy bitcoin only because of FOMO

[Wiseman]

If Mr X bought his Bitcoin in 2022 for $20, 000 for 1 Bitcoin and Mr F buys his Bitcoin today that 1 Bitcoin is trading for $42,113, who will make more profit when the bull market starts? If bull market starts, the people that bought Bitcoin when the price was very low will make more profit than people that bought today.

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

Well, you are right, afterall, it's already established that wise investors do all the investing during the bear season, the bear season is the time when we get to find the best and strong projects to invest in, this is if what we are talking about is not bitcoin, for bitcoin on its own is the head of all cryptocurrency, no one ever will go wrong investing in bitcoin as long as the investment is done in the right time, which is during be bear market.

If I should use the law of sowing and reaping, like I've said before, the bear season is the time for sowing, while the bull season is the time for reaping the fruit of that which we sowed in the bear season.
Though it's still very possible to invest in a bull season and still make profit, but profit made from investing this way can't be compared to the profit some one who invested in a bear season will make, though it still depends on when each of this investors sell off their investment though.

I have already written above, but I will add that bitcoin can be bought always, not only in the bear season, which is of course the most profitable, but in any because if you are in addition a trader, on all exchanges there is a pair with bitcoin, you can invest money in it and without noticing that you invested somewhere to trade on all this money as if you invested in usdt and not in a volatile cryptocurrency.

[NikeFit_7777]

Absolutely, the definition of when a bull market begins or ends can vary based on individual perspectives — people often use different indicators or milestones like price points to identify these cycles. The diversity of opinions on whether the bull cycle started at $20 000 or $50 000 emphasizes the subjectivity of market analysis.

The DCA strategy is indeed a robust approach for long-term investors. It helps in mitigating the impact of short-term market volatility by spreading purchases over time. While it's true that some may feel it's more suited for larger amounts, the principle remains applicable to various investment sizes.

The market's repetitive nature is a crucial insight. Trends tend to follow recognizable patterns, and understanding these can be valuable for making informed decisions. Rushing into a fear of missing out (FOMO) can be counterproductive. Patience and a disciplined approach often yield better results 

People are often in the habit of shifting responsibility to others. I understand, it is much easier that way. You can read or listen to various analysts who have been in the market for months. In case of deposit loss, it is much easier to blame someone outside the market. About the DCA strategy: yes, it does work. But I would still advise not to use it for those users who have a deposit of several hundred dollars. It will be absolutely useless. It is better to invest these funds in your knowledge and skills that will be useful in the future.

Knowledge + experience = brings its fruits. Hodl as it was, and remains to this day a simple strategy, which will bring a fairly large income to those who understand and adhere to its principle of operation.

[Muneeb22]

This is the best time that we need to buy Bitcoin and hold that because just some chance that the BTC will come down but the main chance is that it will go highs o much and I hope at that time BTC will easily touch the $60,000 and after that with in two months it will touch the $100,000.

[Odusko]

Bitcoin give more profit for investor that started accumulating very early when the price was low. Some Bitcoin investors prefer to wait until when the bull market is coming close that's when they will begin to rush and invest so that they will not miss the profit when the price begin to pump.

If Mr X bought his Bitcoin in 2022 for $20, 000 for 1 Bitcoin and Mr F buys his Bitcoin today that 1 Bitcoin is trading for $42,113, who will make more profit when the bull market starts? If bull market starts, the people that bought Bitcoin when the price was very low will make more profit than people that bought today.

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

Buying low and sell high has been the most infective ways of making money from the cryptocurrency market, Bitcoin inclusive. Many people violate this law of investment and that is why they keep losing money.we should also no the different between risk capital from investment capital if  we want to analyze right time to invest. Buying Bitcoin in 2022 and holding till 2024 may be capital tired down for some people were as that same money could be put in day trading and people will still make more than what they could make by tired down their capital for many years.

[owlest]

Absolutely, the definition of when a bull market begins or ends can vary based on individual perspectives — people often use different indicators or milestones like price points to identify these cycles. The diversity of opinions on whether the bull cycle started at $20 000 or $50 000 emphasizes the subjectivity of market analysis.

The DCA strategy is indeed a robust approach for long-term investors. It helps in mitigating the impact of short-term market volatility by spreading purchases over time. While it's true that some may feel it's more suited for larger amounts, the principle remains applicable to various investment sizes.

The market's repetitive nature is a crucial insight. Trends tend to follow recognizable patterns, and understanding these can be valuable for making informed decisions. Rushing into a fear of missing out (FOMO) can be counterproductive. Patience and a disciplined approach often yield better results 

Hodl as it was, and remains to this day a simple strategy, which will bring a fairly large income to those who understand and adhere to its principle of operation.

Hodl is a relative value. You have to sell at some point anyway, right? I know a few people who say they won't sell bitcoin ever and just make money from it. However, when to sell bitcoin is a big question, and it is unlikely that anyone can provide a definitive answer.

[Condorlaib]

American venture investor Tim Draper suggested that next year the Bitcoin rate could significantly exceed $250,000.
So let's wait and don't worry.

[NikeFit_7777]

Hodl is a relative value. You have to sell at some point anyway, right? I know a few people who say they won't sell bitcoin ever and just make money from it. However, when to sell bitcoin is a big question, and it is unlikely that anyone can provide a definitive answer.

A hodl is a long-term holding of assets until time "x", the price you are interested in. Roughly speaking, until the price you personally set for yourself. Of course, the asset will have to be sold. "These few people" - they've been in the market for a long time, right? There are situations when people go into Fomo at 60 thousand dollars..... and after that blame everyone around + declare that the cryptocurrency market is a scam.

Choose a strategy for yourself personally + buy where you think you should. Do not listen to outsiders. For, it is they who can mislead and give incorrect financial recommendations

[xSkylarx]

If Mr X bought his Bitcoin in 2022 for $20, 000 for 1 Bitcoin and Mr F buys his Bitcoin today that 1 Bitcoin is trading for $42,113, who will make more profit when the bull market starts? If bull market starts, the people that bought Bitcoin when the price was very low will make more profit than people that bought today.

This is another way of telling the person not to buy when the price is too high and everyone is hyping it on social media. Not because you just saw something trending on social media, you will jump into it directly. A lot of people have already learned a lesson on this because people tend to buy when the price is high, and they are always thinking that it will continue to rally. I am hoping that this year people will now be thinking deeply and having second thoughts on investing in something.

[bounceback]

If Mr X bought his Bitcoin in 2022 for $20, 000 for 1 Bitcoin and Mr F buys his Bitcoin today that 1 Bitcoin is trading for $42,113, who will make more profit when the bull market starts? If bull market starts, the people that bought Bitcoin when the price was very low will make more profit than people that bought today.

This is another way of telling the person not to buy when the price is too high and everyone is hyping it on social media. Not because you just saw something trending on social media, you will jump into it directly. A lot of people have already learned a lesson on this because people tend to buy when the price is high, and they are always thinking that it will continue to rally. I am hoping that this year people will now be thinking deeply and having second thoughts on investing in something.

Likely most difficult how to to talk not buy bitcoin when raising most highest price because many FUD and hype moment exactly when bitcoin on top position price. Still memorize when last time Bitcoin made All Time High (ATH) many investor and influencer talk about bitcoin get potential will raise to $100k.
But after making new all time high bitcoin drastically drop and need more than two years later for closing the higher price before, must take lesson how now be hype when investing in bitcoin keep patience and waiting right moment to buy bitcoin.

[doc]

my personal opinion is that holding bitcoins has the potential to be profitable in the future. But most people cannot survive for this. It is not possible for everyone to be patient for a long time.

Holding bitcoin for along time is always being profitable investment.
But It needs big fund.As you said most people can't survive for this.
Imagine If I bought bitcoin at the beginning 2010 and hold until now,  I will be rich man.

[Ambatman]

Buying a coin that just created an ATH is highly risky especially while going with leverage.
in the case of bitcoin i would say FUD is worse. Speaking from experience sold my btc in loss around dec 2022 during the FTX bankruptcy but bitcoin bounced back in 2023 and exceeded its 2022 all time high and its still rising.FOMO is not really something i would associate with bitcoin now since this isn't anywhere close to its peak not to mention its volatility isn't the highest.
Greed and fear are the two emotions that kills in trading or make you richer. Just try to strike a balance.

In the case of HODL, there's no specific time period is based on the owner and their wants. Some hold with respect to time, Price or even profit. Your Hodling shouldn't be copied from another. You know your target, what you aiming for but as many would advice even if you are selling.
Do not be a Nocoiner

[owlest]

Hodl is a relative value. You have to sell at some point anyway, right? I know a few people who say they won't sell bitcoin ever and just make money from it. However, when to sell bitcoin is a big question, and it is unlikely that anyone can provide a definitive answer.

A hodl is a long-term holding of assets until time "x", the price you are interested in. Roughly speaking, until the price you personally set for yourself. Of course, the asset will have to be sold. "These few people" - they've been in the market for a long time, right? There are situations when people go into Fomo at 60 thousand dollars..... and after that blame everyone around + declare that the cryptocurrency market is a scam.

Choose a strategy for yourself personally + buy where you think you should. Do not listen to outsiders. For, it is they who can mislead and give incorrect financial recommendations

As a holder, I have never sold any accumulated bitcoin. However, I have a question: When should I sell? My plan is to wait until the previous price high is surpassed. But if the price continues to rise, what should I do? How can I determine the optimal selling price?

[KingsDen]

I'm not sure it works like that
Many people heard about Bitcoin when it got expensive doesn't mean buying it Is fear of missing out.
As long as you ready to hold $100K is still a good time to accumulate Bitcoin not to mention $43K.
There's an upcoming ETFs approval and people tend to buy the rumor and sell the news.
With Bitcoin potential $43K is till early. Not to be easily swayed by the market just buy with money that you can easily do away with and start accumulating so you won't get too emotional incase of a dip.

FOMO is not advisable for coins with no real utility and whose market can be easily manipulated for a pump and dump.

To add to what you have said we still need to understand that it is not all about the fear of missing out that makes people to buy late. There are people who discovered bitcoin when the price was fair enough for them to buy but there was no fund to buy Bitcoin. At the time that they had fund to invest the price has already skyrocketed that is one of the things that happens.
Secondly the Bitcoin will are seeing now is not enjoying any kind of hype from the social media. So it is correct to say that many people have not heard much about Bitcoin. But if bull run starts 70% of the post on social media will be about bitcoin making people rich and that is when so many people will jump into the market in order to partake from the goodies of Bitcoin. What I am very sure that happens, is only when they testimony of Bitcoin is high that people will tend to invest in Bitcoin.

[NikeFit_7777]

As a holder, I have never sold any accumulated bitcoin. However, I have a question: When should I sell? My plan is to wait until the previous price high is surpassed. But if the price continues to rise, what should I do? How can I determine the optimal selling price?

Sorry, but giving financial advice is wrong.
- Depends on when you bought it;
- On what percentage of your deposit;
- On how many X's the asset has brought in; etc.
It's all individualized. My purchases/sales are different from yours. So is the expectation of the asset. Each user has a different perception and so on.

P.S. Try not to listen to outsiders too much. So You don't have to blame someone through advice in the future. All decisions - make your own! Don't let fomo defeat you.

[Asiska02]

Bitcoin give more profit for investor that started accumulating very early when the price was low. Some Bitcoin investors prefer to wait until when the bull market is coming close that's when they will begin to rush and invest so that they will not miss the profit when the price begin to pump.

If Mr X bought his Bitcoin in 2022 for $20, 000 for 1 Bitcoin and Mr F buys his Bitcoin today that 1 Bitcoin is trading for $42,113, who will make more profit when the bull market starts? If bull market starts, the people that bought Bitcoin when the price was very low will make more profit than people that bought today.

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

Of course Mr X that bought early will be the one to make more profit when the bull market comes. Although not all those that invested early will get more profit than those that invested late. Bitcoin investment has to do with the number of bitcoin you are able to accumulate overtime before the bull market approaches when a lot of people are cashing out their investments. If Mr X invested when the price was at $20K and bought 1BTC but Mr F invested about $90K to buy 2BTC at the current market price. With this stats, Mr F will be the one to make the most profit when the bull run approaches because of the number of bitcoin holding he has in his savings at the time of the bull run.