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Bitcoin Forum / Re: Don't buy bitcoin only because of FOMO
« on: March 12, 2024, 02:33:04 PM »Agree. We don't buy because of FOMO. We must buy because we have a strong reason.The problem is that most buy out of fear (of missing out on profits). + Most don't count on, their actual finances. Always said it and will keep saying it. It's better to observe from the outside + learn from other people's mistakes. Rather than entering the market on your own, getting greedy all the time, etc. Be smarter, don't make the mistakes most people make. Analyze + look at the % of your deposit and make decisions from there.
True, we must do deep research before we buy Bitcoin. Make sure we buy Bitcoin at the right time, don't buy when it already reaches the next ATH. For the options of crypto coins, just buy Bitcoin if you are not sure with other crypto coins. It is not a must to have as many as coins, have the best coin only.
A moment about Fomo: Fear and greed indices of traditional and crypto market. Extreme Greed VS Extreme Greed
Most people only see FOMo and don't do good research before investing which makes them suffer losses. If you are not sure about a new project and haven't had time to do research, you should buy a coin that is clearly safe in the top 10 coins. I think that's a good choice.