Quote from: DabsPoorVersion on Today at 10:46:23 AM

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

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?

Personally, No.

Purchasing Bitcoin regularly can help you not to get FOMO'd, no matter what the price is, you won't be tempted because you have a long-term goal. You are being prepared for this kind of scenario and already know what you need to do. The same with the holder which purchased in a lump sum during the bear season, they already prepared their Bitcoin holdings for this bull market.

The ones who are getting FOMO'd are those people who don't have enough experience and knowledge in the market. They didn't prepare for the bull run and didn't want to get left behind. Most of the time, this becomes the reason why they get more losses.

Agree! This is a very common problem for newbies, and most people lose money by making decisions at the wrong time. Those people who are experiencing FOMO are the one who doesn't have enough idea about the market. As we know that FOMO is a common feeling more likely of anxiety,
it is liable to lead you to make mistakes like buying more than you can afford. More likely, FOMO will lead you to buy when the price is too high, and sell when the price is too low.