Post
Topic
Board Speculation
Re: Buy Buy Buy or Sell Sell Sell?
by
Spaceman1000$
on 16/11/2024, 16:20:16 UTC
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.
A true investor doesn't entertain procrastination, so most times when i see some persons being picky when it comes to bitcoin investment, I just allow them to wallow in their ignorance. An investor most first of all do his/her background checks, instead being afraid or being in a state of dilemma wether to buy when the price hits $50k or $90k, your background check is what will help you take that informed decision wether to take the risk or not to.  If deep down they are scared of investing, then they shouldn't invest, they should allow those that have the wherewithal to do so.