Quote from: stadus on August 16, 2021, 03:13:54 PM

Quote from: ultrloa on August 16, 2021, 12:01:42 PM

Quote from: arufox on August 16, 2021, 11:29:14 AM

Right. recently many people are flocking to buy bitcoins when the price continues to soar. Even those who used to think bitcoin was over, are now starting to invest again. Although not buying when the bitcoin price fell to $30k but now you can still buy bitcoin because in the future the bitcoin price will set a new record. Hence bitcoin holders, in the long run, are the winners.

They are buying because they are hoping to earn since they believe the bull run is coming back again and we need to avoid doing this since its really dangerous to get FOMO then buy when market keeps pumping since we never know what will be the ending of it and might we will bag hold since we bought at the top. Yeah I agree although the long term holder is always a winner on this but the question there is does those people who bought at the top can handle the market stress? if yes they might be lucky but if not well to bad for them.

It's only FOMO if don't have a realistic target to sell, it's still good to ride even if the price is pumping because, in short term, you can be profitable with good timing. With how the price is moving now, it really gives the impression that a bull run is still here and we might again see a big run in the last quarter of the year, just like last year.

Yeah its good to ride if they have experience to do such thing but if they are newbie and just been hype for the current situation for sure they will left behind without knowing their next plan if the market suddenly collapsed. But for veterans these kind of situation is a gold pot since they have target price to sell when market is currently running so good or been hype by certain institution. That's why we need to learn many things if we want to trade since some other technical stuff would really help us to define the possibly outcome of market in certain days.