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There's no good time to put your grocery money into anything, FOMO or no FOMO. My point was that waiting for the right price to buy doesn't work either, there is no right price to buy. Buying in in percentages of what you are willing to spend is the safe way. Same goes for selling. FOMO is irrelevant. Just my two cents obviously.
2025-05-13 00:50:41 from 1 relay(s) ↑ Parent 1 replies ↓
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Yea this was the point, FOMO means you think you "missed it out" and you either 1) need it now to not miss a golden chance or 2) has no point in getting in now and stays away because it's already too late but both of those can "backfire" like for 1) it goes down, and for 2) it continues going up, so FOMO is mostly a psychological game which can mess up with people's heads if they think too much about it but if we think it's still early that's kinda the opposite of FOMO since we know we're not missing out on anything and know it's still going to be there, probably even higher in the future so you're right and I agree there's no right place to enter even more so for a money which the goal is to use at whatever price
2025-05-13 08:35:00 from 1 relay(s) ↑ Parent Reply