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.
I am not surprised because, at every point in time, there are people who still doubt Bitcoin unless they see proof. At 50k those set of people have been procrastinating now the price of Bitcoin has hit 90k they still can't buy because they're still in doubt since they do not want to put in their money now and then it starts falling down. Like I have said before, no matter what the price would be, there will be people who will never buy at all. They are short sited that is why think only for short term purpose. And another thing is that they do not belive, they only care to invest in Bitcoin because of some investors who preaching the benefit. Deep down they are scared of investing, since they fail to learn about Bitcoin. To overcome the FOMO, an investors need to first learn about Bitcoin and how to invest in it.
I think regardless of the number of people who are skeptical about Bitcoin critics should also take a stand to collect it as it is already on the verge of touching $100k and is an attempt to ensure a much more stable position for investors as a value. Wealth Yes there are many investors who are afraid of losing their capital and they expect more declines but they are going to miss out on valuable opportunities by being influenced by FOMO and continuously losing opportunities without depositing bitcoins. Of course, an investor should be aware of Bitcoin's patterns. When and how to deposit bitcoins and tend to make long-term investments with awareness.
The Bitcoin hoarding trend has all the elements that an investor should take positively. So if you want to be conscious of getting your financial freedom and solvency through long-term holding you should make maximum efforts to accumulate bitcoins regularly regardless of value.