Re: Are you feeling FOMO like I am?

Quote from: ultrloa on December 05, 2023, 10:30:00 PM

Quote from: Fivestar4everMVP on December 05, 2023, 07:23:45 PM

Bitcoin touched $44,000 dollar for a moment before sliding back a bit to $43,780 dollars (at the time to creating this post).

And this clearly shows that, we are gradually entering the bull season, bitcoin has being on a bullish trend for several weeks now, and seeing the price touch $44,000 dollars today gave me two feelings,

First is excitement, I was and still excited, but somehow, I have this feeling of fomo running through me, I feel like I have not enough bitcoin and I am highly tempted to buy even more now Grin

, this was the same amount of bitcoin I was very comfortable with during the bear seasoning.

Anyone else feeling same way?

I feel excited to see the price but I don't feel anything like to get FOMO on current situation since I always look for correction before accumulating. It's wrong for us to buy when bitcoin is pumping since there maybe a correction to happen and that maybe bad position for us if we buy at the top.

I already accumulate some when price at low so there's no need to rush on everything especially the current happening since I believe there's pull back gonna happen soon. Also to many things will happen so I keep monitoring to see a possible good position.

But if people really want to take some chance then maybe its better for them to trade in futures since from that they can possibly see some good result for taking long position for bitcoin.

For us people who do have that experience then we wont really be having that kind of excitement on seeing these current jump or surge in price or simply we have been get used to it but cant really be denied that
seeing this price once again do really give out that bit of excitement and positivity considering that we've been dealing up with bear market for a couple of years and now the price is really that heading back
on where it was before and now trying to reach out again that previous all time high. Feeling FOMO? Nope! This is really just that an ordinary day on crypto where price do pumps and then make out some
correction laterwards.

The best thing to do is you should really know on how to utilize these movements for you to be able to make profits on the time that you do make a good entry.
This thing what matter the most and also you should not really make yourself that being impulsive on buying specially on being scared on missing out because
once correction happens then this is where impulsive actions do happen.