Although it's nice to see green candles all over the place and our favourite coins finally gaining some traction, this also introduces something else into the game that was rather forgotten during this vicious Bear Market: FOMO!
Some of you may remember users from this sub that went crazy during the last Bullrun and invested a hefty amount of their funds that they couldn't afford to lose during times where Bitcoin crossed the 65k range...
Some of you remember "experienced" investors that were triggered by some analysts and articles that claimed that their coin has another 300% gains left to achieve in the coming months
and you have those brave degens that took out a loan during the peak...
One thing is sure, everyone was affected by FOMO in 2021, and most of us believed that BTC will reach 100k by EOY 2021.
I am certain that even the experienced managed to break their own rules and trade outside of their set longterm strategy.
and now, we can see some signs of FOMO giving some signs of life, it's not all that bad, as we are still in the middle of a Bear Market, but still, be careful out there.
Prepare and maintain your strategy, have a end goal and stick to it!
FOMO can get crazy and you will have a lot of temptations, especially once we see crazy green candles week in/week out.
It only takes one FOMO decision to crush your entire DCA or Lump sum strategy.
Build your plan, have a goal and build up your discipline once the time is right where we welcome back our beloved Bull.
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