Post
Topic
Board Bitcoin Discussion
Re: Are you feeling FOMO like I am?
by
Yatsan
on 11/12/2023, 14:53:45 UTC
If in doubt, then wait. Well, it is normal to feel such way 'coz the market price is continuously increasing at this moment. Nothing's guaranteed but have we ever saw the market value of Bitcoin to consistently and continuously increase for a long period of time? What goes up must come down right? If we would look at the charts then there's a huge overbought to its price which means there's a tendency for a price correction at any moment. Keep in mind that the market value of Bitcoin is naturally volatile; it would have an increase instantly therefore there are still opportunities to re-enter.
Anyone else feeling same way?

Personally, not at all mate, I always look at my BTC as a total amount of sats and I never look at the exchange rate.

So let's say I hold 0.1 BTC, I never make the translation in dollars. I like accumulating BTC so much  Tongue

I know I am not the average person because I don't view Bitcoin as an investment but as better money, so I try to hold as much as I can of this type of money.

By the way, I am not buying much BTC at the moment, because I have some real-life issues and I don't have a lot to save, but if I did, I would buy no matter what the exchange rate was. (Not a financial advice).

I understand. Even if the feeling of FOMO is not a good thing, I do not support it, buying BTC at an appropriate price could earn you way more profit than just buying it when ever you get the money to buy BTC. Let's say you bought BTC when it rose to 44k and then it fell to 30k. You would think BTC is just a waste but buying lower and keep holding as it gets higher could benefit you more than when you buy higher

Since you like buying I think using Dual Investment would be helpful
He can make an entry even if with the present market value however if ever sudden dump will take place, he should be firmed and be able to avoid selling due to panic. It'll go up again but problem is for how long will it be able to recover. So if others are planning as well, be ready to endure seeing dumps once it happen.