Don't buy bitcoin only because of FOMO

[Mrbluntzy]

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.

[bocyaj]

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.

The bitcoin had huge demand in the current cryptocurrency market,after the pump in the bitcoin price with 42k dollars.We able to see many old traders back to the crypto trading and specially on bitcoin.After the bitcoin mark the value of 19k dollars,we can able to see huge people get into the bitcoin trading.But when ever the bull run occur,we able to see many traders in the market.The negative trend is the transaction fee of the bitcoin was officially increased by the exchange when they able to get more demand of bitcoin in the market.

The continuous investment in the bitcoin will be the better option to trader to have huge bitcoin at the end of the day.If the market get into the bear market from the current bull market,the traders can use the chance to get huge bitcoin to their wallet for their future.

[Tribalchief]

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.

This is quite some interesting post you've made. I think it's generally most people's habit to use the dying minutes approach to address a particular issue. It is said that: every price is a given opportunity to make your investment. Certainly, the price of Bitcoin can't go back to $19K again, which makes some investors prefer to wait for a decline in current price inorder to make purchase, while others chooses to use the dying minutes approach.

Well I am not a huge investor, but i think the different approach is basically to make profit. Buying towards bull, and buying early are primarily to make profit, so it doesn't matter to me.

[Ambatman]

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.

[MVL~$]

I think most of the people who bought Bitcoin when it was falling in value couldn't keep their savings. In fact, very few people have an accurate idea of when a bull market will occur. But those who have been patient after investing in bitcoins have benefited a lot at the end of the day. So 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.

[Alcor]

I think most of the people who bought Bitcoin when it was falling in value couldn't keep their savings. In fact, very few people have an accurate idea of when a bull market will occur. But those who have been patient after investing in bitcoins have benefited a lot at the end of the day. So 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.

The next Bitcoin halving is expected in April next year, which is just over three months. It is recommended to buy Bitcoin about six months before this event. By the end of 2024, it should rise significantly in price and surpass its previous price record. Therefore, now it is quite possible to buy until its price rises significantly. But I think that before the halving there will still be a significant price correction. Then you can buy it much cheaper than today's price. But this is everyone's choice.

[kulkhan]

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.

Actually who understand Bitcoin's future and bought early he will huge benefited from here. I am agree with you. I also think don’t wait for bull market. Who buy bitcoin in bear market he will more profitable then how buy bull market.

I think talent people already bought Bitcoin in deep and they are waiting for bull session. And still they are profited now. But it also true all people who invested on bitcoin now he also profited today or tomorrow i strongly believe it.

[de_prof]

Actually who understand Bitcoin's future and bought early he will huge benefited from here.

Yeah, I think investing is doing at the right time to buy and hold.
I f we bought bitcoin at the beginning launched, we will be rich. But It was passed.
For now, I think we still have opportunity, buy now before halving

[defy]

I think most of the people who bought Bitcoin when it was falling in value couldn't keep their savings. In fact, very few people have an accurate idea of when a bull market will occur. But those who have been patient after investing in bitcoins have benefited a lot at the end of the day. So 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.

The next Bitcoin halving is expected in April next year, which is just over three months. It is recommended to buy Bitcoin about six months before this event. By the end of 2024, it should rise significantly in price and surpass its previous price record. Therefore, now it is quite possible to buy until its price rises significantly. But I think that before the halving there will still be a significant price correction. Then you can buy it much cheaper than today's price. But this is everyone's choice.

its everyones choice alright but as we get closer to the halving an when the price starts to climb there will definitely be FOMO.

when the price passes the ATH of $69000 there will definitely be FOMO.

It happens every time, some people wont understand the bitcoin cycle and will buy in at the wrong time approaching the end of the bull run and they will sell after the drop.

if you are going to FOMO hopefully you will have patience to HODL through the bear season which can be very bleak.

[Thyplaymaker]

As long you're ready to hodl and wait patiently, buying Btc now is still right as long the beating of its new ATH still in progress, and beside  missing out in some opportunities of buying Bitcoin when the price where still around the the price range of $20k doesn't mean you can buy now and still partake in the profit of the next bull run. Because you not buying now might still end up having the same regret of nor buying then when the time comes so grab any chances and opportunities you have now to partake on the upcoming bull run.

[NikeFit_7777]

Is there a precise definition of when a bull market begins and when it ends? For some, the bull cycle started at 20,000, for others at 50,000. The same goes for buying at the bottom. You can say the following: "Buy according to the DCA strategy and you'll be happy." DCA - is a really cool model, but I believe it is not suitable for small amounts (under 30k). The market is repeatable You don't need to push yourself into a fomo framework. And importantly, you should not listen to outsider personalities in any purchase/sale.

Do not pass the responsibility to others, only independent decision making. There is no other way!

[Wiseman]

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.

I think that not all people can do this, just because not everyone knew about bitcoin or someone had money invested elsewhere, it has long been proven that any investment, regardless of the time of investment at a certain duration gives a profit and you can buy bitcoin now and sell it in a couple of years and you can earn 200% like those who bought it in 2022 and sold it this year.

[epidemia]

Is there a precise definition of when a bull market begins and when it ends? For some, the bull cycle started at 20,000, for others at 50,000. The same goes for buying at the bottom. You can say the following: "Buy according to the DCA strategy and you'll be happy." DCA - is a really cool model, but I believe it is not suitable for small amounts (under 30k). The market is repeatable You don't need to push yourself into a fomo framework. And importantly, you should not listen to outsider personalities in any purchase/sale.

Do not pass the responsibility to others, only independent decision making. There is no other way!

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 

[LUCKMCFLY]

Well, as people who have been in the Bbitcoin market for some time and who have some experience in this, we can assume that we are not fooling around, that is, that we do not stop at the forum, because we are very clear about what What does Bitcoin mean and everything it can be in life, personally I see that Bitcoin is at a lower price than the ATH because for me that is enough to decide to buy, there is no other way , of course I know that some people who can enter the market as newbies and have their doubts, because they can buy bitcoin and see a drop in price, because they sell sometimes out of panic, I know, but it is very difficult to tell a person that it does not matter for the price to go down, the last ATH was almost at $70k, the next one will be more than $100k , those are things that are easy to say, but when you have money in there it is different, and even more so when it is very much money. worked and see how it depreciates, but the moment bitcoin rises in price, new things will come.

This is a question of knowing well what you can get in the long term, I don't blame people who don't believe it, but when they realize this for what it is, they will Regret not buying Bitcoin.

[Fivestar4everMVP]

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.