Don't buy bitcoin only because of FOMO

[taufik123]

FOMO(Fear of Missing Out)
This is very important especially for new investors that we have to invest before the market price rises and they invest too quickly without thinking and later face huge losses.
Fear of Missing Out is an important aspect of investing that an investor cannot afford to risk. Investments should be made independently and according to own research. If he hastily invests without doing enough research on an investment in any market, then that investment will definitely turn into a risky investment later.

Hey guys, you seem too rigid and don't blend into this thread.
We all already know about FOMO, and you don't need to explain it in detail.

Here we discuss how purchases are affected by FOMO, how do you think about it.
That will make the discussion better and more weighty.

You have to give your own opinion or your experience when trading and get caught up in FOMO.
Or respond to someone's comment that you need to respond to.

[famososMuertos]

...//::::

I can see that you, based on the way I arranged the istatement it, you are misunderstanding me. What I actually meant is, grab every opportunity now I buying at this price before the price increase leaving this current one as the lowest before the halving. Because I have heard some person saying, they'll wait for more dip before they buy Bitcoin, forgetting that they cannot always give 100% prediction of the price movement.

I don't know what you're referring to, I think you have the quote wrong, since my comment was to:

...//:::so grab every opportunity you have right in front of you before it vanishes.

...//:::

But, just in case to clarify, since you involve me in your idea for the reply.

It seems to me that you took my comment at random... I speculate, as is done with the price of bitcoin.

In any case, your comment, and trying to understand it, it is somewhat confusing to be honest, the price at which you buy will always be below the next ATH, it is obvious, then you cannot say that the current price is the most low before the next ATH, there is a kind of paradox in your comment.

[legend45]

Why we wait bitcoin halving ? I don't expect about bitcoin halving, As usually while halving bitcoin price will rise, but It's too late if we want to buy bitcoin. I have bought bitcoin at the beginning 2023. It's low price. For now, every investor want to buy bitcoin. It can called FOMO before halving.
I don't agree with this.

[doc]

Why we wait bitcoin halving ? I don't expect about bitcoin halving, As usually while halving bitcoin price will rise, but It's too late if we want to buy bitcoin. I have bought bitcoin at the beginning 2023. It's low price. For now, every investor want to buy bitcoin. It can called FOMO before halving.
I don't agree with this.

It's never too late, friends, only our profits will be small if we buy now because the price is already high.  Currently bitcoin price is $ 51K before halving, maybe if we bought while bitcoin price was below $ 20K, we already gain profit .

[bitbit97]

I also would suggest not to buy Bitcoin only because you want to make money out of it. A wish to earn is good, buy if money is the only thing that is on persons mind, then someday, somewhere he would fail. I suggest more to focus on chances Bitcoin or cryptocurrency give in general. Anonymity, alternative payment, jobs, creativity. All that is what crypto give, despite just money.

[legend45]

It's never too late, friends, only our profits will be small if we buy now because the price is already high.

My consideration is not to add Bitcoin because the current price is already high, I am more focused on buying altcoins which according to my analysis will provide more profit.

I also would suggest not to buy Bitcoin only because you want to make money out of it.
~

It's the basic reason why I want to buy Bitcoin, because In my country just allow Bitcoin for investment not for payment method.

[Gideon99]

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.

You're absolutely correct, it's not a brilliant idea to invest based on FOMO"fear of missing out" just because other crypto Investors are trading and investing on a particular cryptocurrency that doesn't mean you should do same.its very important and wise to do your research and find out too be sure what's best and how you can manage risks and potentials of any investment before you take your decision.

[$crypto$]

It's never too late, friends, only our profits will be small if we buy now because the price is already high.

My consideration is not to add Bitcoin because the current price is already high, I am more focused on buying altcoins which according to my analysis will provide more profit.

Although it is never too late to invest in Bitcoin as long as you can hold it for a long time, I agree with you. Maybe it's better now that we can start focusing on altcoins, because I think this is the time to enjoy our investment, especially if we enter at the lowest price of bitcoin at that time.

Now I see many altcoins that are also promising. We just need to analyze more deeply which coins we will invest in. Several coins have started to show very good movements recently.

[elbans89]

Although it is never too late to invest in Bitcoin as long as you can hold it for a long time, I agree with you. Maybe it's better now that we can start focusing on altcoins, because I think this is the time to enjoy our investment, especially if we enter at the lowest price of bitcoin at that time.

Now I see many altcoins that are also promising. We just need to analyze more deeply which coins we will invest in. Several coins have started to show very good movements recently.

For investors who have a good and accurate understanding of analysis, they can try investing in potential altcoins. I do that too but don't have great accuracy, so I keep more bitcoins than altcoins.

[Rubel007]

Why we wait bitcoin halving ? I don't expect about bitcoin halving, As usually while halving bitcoin price will rise, but It's too late if we want to buy bitcoin. I have bought bitcoin at the beginning 2023. It's low price. For now, every investor want to buy bitcoin. It can called FOMO before halving.
I don't agree with this.

It's never too late, friends, only our profits will be small if we buy now because the price is already high.  Currently bitcoin price is $ 51K before halving, maybe if we bought while bitcoin price was below $ 20K, we already gain profit .

Yes, during this time the profit in investment will be less. But there is no reason to worry. If we invest in Bitcoin following the target of  $200k price range then there is definitely profit opportunity. A simple solution is that if Bitcoin goes to the 200k target then there must be buyers. We should not just consider it as a investment tool but if we think about the long term potential then it is not only 200k but its price will increase with time. Moreover, gradually people's interest in it is increasing and the demand will also increase. Any investor who can invest in Bitcoin with patience and long-term planning will definitely be profitable in the long run.

[IvugeoEvolutionCoin]

You're absolutely correct, it's not a brilliant idea to invest based on FOMO"fear of missing out" just because other crypto Investors are trading and investing on a particular cryptocurrency that doesn't mean you should do same.its very important and wise to do your research and find out too be sure what's best and how you can manage risks and potentials of any investment before you take your decision.

Before making an investment, you should be aware of the risks that can occur in Cryptocurrency. So far there are no guarantees regarding the assets invested in Cryptocurrency, everything depends on independent research, So I agree with what you say to be wiser in responding to investment in Cryptocurrencies.

[Gurujebs]

For investors who have a good and accurate understanding of analysis, they can try investing in potential altcoins. I do that too but don't have great accuracy, so I keep more bitcoins than altcoins.

The problem is that some people are not experienced to make their own personal research not to talk more on the analysis of the altcoins and it's so sad that the new altcoins we are seeing today are attributed to meme, something that can give them quick return without wasting time and why the time this coins they collapsed, they blame crypto as scam.

It's even dangerous to engage in some altcoins now, I don't know maybe is because Bitcoin is stealing the show for now, the real coins with product aren't making any moves. Maybe when Bitcoin is done they will start making moves.

[Aanuoluwatofunmi]

This is just a recent on the ongoing volatility of the bitcoin market as we have seen recently, some of my friend had their investment on bitcoin and it happens that it suddenly go dip to as low as $64,000 some minutes ago and they were all selling their coins with the hope that it will go the more on bearish pattern not to know that it going back to where it had dropped off from and this happened withing the spaces of five minutes and the sell and miss out as the market pumps immediately after their sale.

[giammangiato]

This is just a recent on the ongoing volatility of the bitcoin market as we have seen recently, some of my friend had their investment on bitcoin and it happens that it suddenly go dip to as low as $64,000 some minutes ago and they were all selling their coins with the hope that it will go the more on bearish pattern not to know that it going back to where it had dropped off from and this happened withing the spaces of five minutes and the sell and miss out as the market pumps immediately after their sale.

it's well known that you shouldn't buy in FOMO, even in my opinion they do it on purpose, I read an article yesterday in a newspaper, they talked about the fact that people wait for the liquidity of Chinese banks to come in in the morning, and then punish those who came in, so they do it on purpose IMHO

[Dr.Bitcoin_Strange]

Why we wait bitcoin halving ? I don't expect about bitcoin halving, As usually while halving bitcoin price will rise, but It's too late if we want to buy bitcoin. I have bought bitcoin at the beginning 2023. It's low price. For now, every investor want to buy bitcoin. It can called FOMO before halving.
I don't agree with this.

It is a bit difficult to understand everything you have said, but from the few I picked, you bought Bitcoin in early 2023 when the price was low, which made you very lucky, and you are already profitable right now. Still on FOMO, some people since last week may have set a sell order of $69k, which probably might have been executed today. It could be that they really don't want to miss out on the price, so they decided to sell. Meanwhile, there is still a great possibility that the price of bitcoin will get to $100k. Most investors can buy with fomo and end up regretting it, while some can also sell because of fomo and still blame themselves for selling too soon. It is wise to be very educated about Bitcoin investment.