Whenever I buy crypto, it hits the peak.
Created at 169.**.203.240 165 16 0

I couldn't resist watching crypto keep going up and bought in thinking, "Surely it won't be the peak if I buy," but 30 minutes later it plunged with a massive bearish candle. Whether it's crypto or stocks, whenever I give in to FOMO and buy, it's always the peak. It's uncanny how it knows and plunges right away. Should I open a short position instead when I get FOMO and want to buy? Anyway, I didn't want to deal with the stress, so I took a loss and got out. Whether they pump it back up right away, or drag it out sluggishly to bleed us dry before pushing it up or down, the market whales will decide the direction.

Tags FOMO Facebook X
Comments 16
125.**.88.110
As soon as I sold XRP at a loss, it went up 😭 I'm still at a loss with Bitcoin and Ethereum, but should I be glad I didn't sell them?
117.**.232.176
I'm one of those who bought in last year too. Crypto prices these days are really cheap compared to that.
21.**.215.76
Oh... don't say that. I bought at the peak of $120,000 last year because they said it would go up even more, and I also bought Ether at the peak of $4,500. Even with this tiny uptick now, my losses are immense. Saying "it hits the peak as soon as I buy" is what someone like me should be saying.
230.**.40.181
Looks like someone is in the same situation as me. I bought Bitcoin at 50k, sold it at 80k, bought it back at 100k, and bought Ethereum in the 3,800 range. I'm sitting on tens of thousands of dollars in losses and can't even sell, so I'm just waiting.
158.**.125.131
Selling right away just because it dropped a bit 30 minutes after buying seems a bit extreme... Since Bitcoin has been moving within a range between $76,000 and $78,000 over the past day or two, even if a short-term red candle appeared, it wouldn't have dropped enough to shake the overall market... Even if you're taking a bit of a loss right now, how about practicing holding on and waiting it out?
132.**.85.183
Take a long-term view. It looks like the rally will continue for a bit.. I'm going to keep accumulating Ethereum on pullbacks.
61.**.200.139
I'm always like that too.. haha..
Especially with crypto, without fail.. ㅠㅠ
220.**.128.161
That's right, since I've been burned year after year, I'm selling off my profitable altcoins little by little.
195.**.197.109
If you buy out of FOMO, you won't make money. Even if you do, it's only a small profit. Those who buy and wait when everyone turns away because it's at the bottom are the ones who take home hundreds of percent in profits.
89.**.139.131 (edited)
A true saying whether it's stocks or crypto
Was it early August or the 10th
Someone posted saying Bitcoin was over now
Oh my god,, that was the bottom,,,,,
"Buy in fear, sell in euphoria!!" is a true saying,
but even after doing this for years, it's not easy

Still, I'm holding back on FOMO this time
168.**.4.142
When it surges, people are bound to take profits, and then it enters a downward trend again.
143.**.30.31
Market makers. Institutions that drive up the money.
120.**.43.98
But people keep talking about "the big players" in every stock discussion board—who on earth are they? What exactly do people call "the big players"?
60.**.36.85 (edited)
Yesterday at 1 AM Eastern Time, coins like BTC, ETH, XRP, and others all plummeted hard at the exact same time. It seems like it wasn't retail, but institutions setting it up automatically through algorithms. Since then, it's been trading sideways, and no one knows whether it'll go up or down.
132.**.63.113
When it surges, people are bound to take profits, and then it enters a downward trend again.
118.**.140.89
Market makers. Institutions that drive up the money.
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