Post
Topic
Board Speculation
Re: Buy Buy Buy or Sell Sell Sell?
by
CageMabok
on 14/11/2024, 04:46:32 UTC
Sorry had to snip this because it's quite long.
Buying Now is FOMO and any correction and they will sell.
A person that starts now is in for quick profit and could get burnt Incase of a correction. 
Recall how many were advice to buy during our $50's because we may never see them again.
But if the mindset is Long term then it doesn't mean much.

What you said is very directed and correct because I also still find people who like to buy when the price of Bitcoin has increased until they forget about the price correction. But if those who buy at this time are long-term investors who are used to holding Bitcoin for a long time, I don't think there is anything wrong with that. But if some people buy it only for short-term profits, I'm sure they won't be ready to see the Bitcoin price correction because they might panic more which causes them to let it go again and cause losses.

FOMO often occurs at times like this for some people who are not brave enough to buy when the price of Bitcoin is still around $50K, but I also wonder why they dare to buy when the price of Bitcoin has passed the $90K level this month. Even though they are not investors and are only people who take advantage of good moments for a short time, people like that usually do not easily accept advice from other people even though their FOMO nature is still quite obvious within themselves.