Don't buy bitcoin only because of FOMO

[NikeFit_7777]

Agree. We don't buy because of FOMO. We must buy because we have a strong reason.
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.

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.

A moment about Fomo: Fear and greed indices of traditional and crypto market. Extreme Greed VS Extreme Greed

[therozaq]

Agree. We don't buy because of FOMO. We must buy because we have a strong reason.
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.

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.

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.

[Aanuoluwatofunmi]

We don't have to let fear get hold of us in what we are doing, because we cannot make the best performance  in cryptocurrency when we are afraid of what may be the outcome of the steps we are about to take, we should also not intentionally go for what we see that can affect us in terms of risk involved, we have to make the necessary research and avoid going for what we cannot afford to risk.

[ajiz138]

We don't have to let fear get hold of us in what we are doing, because we cannot make the best performance  in cryptocurrency when we are afraid of what may be the outcome of the steps we are about to take, we should also not intentionally go for what we see that can affect us in terms of risk involved, we have to make the necessary research and avoid going for what we cannot afford to risk.

In-depth analysis before we make a decision is something we must do. This factor is very important in our journey in determining what we should do and what we should not do. For example, when buying coins.

Don't let us not dare to invest because of fear, and also don't invest because of FOMO or just following what other people are doing, that is a mistake that must be avoided in the crypto world. Before swallowing raw what we see or hear, we must do our own analysis.

[Captain Corporate]

People do not really need a "reason" to buy bitcoin aside from the fact that we could make a lot of money from it. I understand that sometimes it feels like that's not the case, but it is highly the case in this situation. We are about to embark on a profitable period, so why not buy it. I know that its already high so many think that its not going to be all that high, but that doesn't mean that it can't keep going higher. These type of things are quite interesting to see, we should be able to make it work one way or another, and that usually means that we are going to make a good return from this easily.

[Wiseman]

Agree with you, it's best before we buy coins or make investments to do research first. so we already understand what we are buying, what risks we are taking. Don't buy coins because of FOMO, because it will make us lose if we sell late.

Only a foolish investor can invest in something that will not be researched, you are right about FOMO, because of it many novice investors fall for a scam and invest in something they can not make money on and lose all their money.

But strangely, even though many beginners are warned about the dangers of having FOMO, I always see them repeating the same things over and over again. And yes, any investment in any form must always go through a thorough analysis process. Especially from a fundamental perspective. Because most investments are long term. So paying attention to fundamentals is very important.

A lot of people suffer from this and lose a lot of money because of FOMO, simply because they do not want to think about the fact that investing is not just a simple (put and forget), but in fact it is a job and sometimes not even a small one.

[elbans89]

A lot of people suffer from this and lose a lot of money because of FOMO, simply because they do not want to think about the fact that investing is not just a simple (put and forget), but in fact it is a job and sometimes not even a small one.

Something we should avoid is FOMO, because many people fall into this. It's best to do research before investing and stay calm when looking at market conditions. Holding for the long term is better than short term.

[Uruhara]

But strangely, even though many beginners are warned about the dangers of having FOMO, I always see them repeating the same things over and over again. And yes, any investment in any form must always go through a thorough analysis process. Especially from a fundamental perspective. Because most investments are long term. So paying attention to fundamentals is very important.

A lot of people suffer from this and lose a lot of money because of FOMO, simply because they do not want to think about the fact that investing is not just a simple (put and forget), but in fact it is a job and sometimes not even a small one.

Well, that's true, that's the important point. That many beginners think investing is an easy thing that doesn't even require hard work in digging for information or beforehand. In fact, they will immediately believe it if an influencer provides news regarding a potential crypto project. So apart from FOMO, many beginners are also victims of unclear news from Influencers. Even though investment is the same as trading, it requires analysis that must be carried out carefully. So we only have to put our money in an investment instrument if we are really sure about the investment instrument we are analyzing.

[Gladitorcomeback]

People do not really need a "reason" to buy bitcoin aside from the fact that we could make a lot of money from it. I understand that sometimes it feels like that's not the case, but it is highly the case in this situation. We are about to embark on a profitable period, so why not buy it. I know that its already high so many think that its not going to be all that high, but that doesn't mean that it can't keep going higher. These type of things are quite interesting to see, we should be able to make it work one way or another, and that usually means that we are going to make a good return from this easily.

The DCA method is our friend in such situations. People who were around when Bitcoin's price was way lower than this should have bought earlier, but those who couldn't do that for any reason and want to be a part of the ride through the bull run, can use the DCA method to keep accumulating Bitcoins in portions that are proportion to a percentage of their capital based on their set strategy of how many buying rounds they want to carry it through.

This will help the buyers be safe from sudden market pumps and dumps because if market pumps, they would have at least something in their bag, and if it dumps, they will have a portion of their capital left to buy more.

[DAMKAR]

Well, that's true, that's the important point. That many beginners think investing is an easy thing that doesn't even require hard work in digging for information or beforehand. In fact, they will immediately believe it if an influencer provides news regarding a potential crypto project. So apart from FOMO, many beginners are also victims of unclear news from Influencers. Even though investment is the same as trading, it requires analysis that must be carried out carefully. So we only have to put our money in an investment instrument if we are really sure about the investment instrument we are analyzing.

It's not easy to be an investor in crypto, we have been crypto lovers for more than 10 years, we are still always learning to analyze projects, markets and coins in circulation. If investing were easy, many people would get rich and once rich would leave the crypto world.

[Wiseman]

A lot of people suffer from this and lose a lot of money because of FOMO, simply because they do not want to think about the fact that investing is not just a simple (put and forget), but in fact it is a job and sometimes not even a small one.

Something we should avoid is FOMO, because many people fall into this. It's best to do research before investing and stay calm when looking at market conditions. Holding for the long term is better than short term.

I agree with you about holding in the long term, but there are people who are much better able to spin this money and get profits much more in the short term, often these are traders or those who understand how everything works and can take risks and correctly and quickly make analytics.

[348Judah]

Agree. We don't buy because of FOMO. We must buy because we have a strong reason.
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.

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.

A moment about Fomo: Fear and greed indices of traditional and crypto market. Extreme Greed VS Extreme Greed

Aside scam, fear is another means through which many investor losses on several investment opportunities that they would have utilized effectively and take a very good advantage with, but instead of them having the understanding that fear could only cause them the loss of asset, they think in most cases that such is a smart way of playing safe to avoid the loss in which they later fall in for.

The market can go dips in many instances and that is not a call for us to adopt fear into the situation, we need to realize this that the market will always pump after each session of a bear market and all that is needed at such particular time is enough patience in holding and not a decision for sell as a result of fear, this same thing has been what has been affecting many from adopting bitcoin because they dont wanty to lose because of fear.

[gunhell16]

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.

If an investor or trader has extensive knowledge in trading, he will really get earnings if he carries out trading activity in the short-term, either scalping and if he wants to do nothing, he will enter into holding or long-term holdings.

So if you do a day trade, that means you can be affected by the news that will be released in the news, articles, and so on, but for long-term investors, there is nothing like that because they will really just wait.

[doc]

I agree with you about holding in the long term, but there are people who are much better able to spin this money and get profits much more in the short term, often these are traders or those who understand how everything works and can take risks and correctly and quickly make analytics.

If a trader with the same capital can make greater profits than the holder, that is very extraordinary. He is truly a professional trader. I don't have that kind of analytical and predictive ability yet.

[Jamal Aezaz]

I agree with you about holding in the long term, but there are people who are much better able to spin this money and get profits much more in the short term, often these are traders or those who understand how everything works and can take risks and correctly and quickly make analytics.

Trading is profitable and in investment people often earn after years but in trading people earning is based on days but trading does not requires day based earning to everyone. They are only the masters in trading who can only earn through using their knowledge otherwise a newbies will hardly earn from only a single trade among ten or more trades.

Newbies in investment can earn money through holding long but traders can never earn more money if they don't have knowledge because analysis of price prediction is most compulsory thing for traders which a common man cannot do.