Quote from: South Park on Today at 09:24:31 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.

At the end of the day it boils down to something as simple as that, the price at which you buy does not matter, anyone that has been able to hold their coins for 3 years has been profitable, the question is can you hold for those 3 years? Some can do so and they are able to enjoy massive profits because of it, and then we have the people that buy bitcoin and think they can hold no matter what only to discover too late they cannot do it and they have to pay the consequences of that mistake.

People would neither sold or hold their coins according to their needs and preference since not all would really be having that kind of level of patience into holding into something for 3 years or more but i do agree that there are people who could do such thing but this doesnt really apply to all.We do have our own choices and jurisdiction in comes to that manner.

Panic buying is something that can be considered as FOMO.Do it usually happen? Everytime there some increase then it cant really be avoided to presume or having impressions that it might be the start of a bull run.

If percentage rise was significant then its the time on where those observers would taking up some action or making their position.