Seeing the market being bearish makes people scared when they think of BTC hitting 100K. Sometimes people buy just out of FOMO and when the market goes against them, you see they are losing money.
Having long-term goals can change the whole perspective. I think it is better to think long-term, and frankly speaking, it is still an early stage of cryptos. We have a long way to go.
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I've never bought out of FOMO, even if I get fomo-ish feeling. I just invest only what I can afford to lose. However you're right when you speak of long-term planning. Sometimes I take profit in the short run but my aim is to build for the long run.
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