The Only Thing I Fear is FOMO itself

Hi Guys and Dolls, It´s Sunday and II have a confession to make.

I really have to come clean with you all.....I am having such a hard time.

I am having a hard time fighting an uncontrollable urge.

I am having a mega hard time fighting my FOMO.

Not sure if any of you feel the same, but I have been seeing prices that I never expected to see again. Those prices are hunting me, I mean I am dreaming about my buy button. My body is itching, I am injecting myself with the charts every hour at a minimum. But I have to resist.

Why I have to resist, well:

Even though things look pretty green these last couple of weeks I still expect one more leg down. When in April 2022 I figured out we were not going for that extended cycle, that this was truly a bear market on its way to the bottom, I made a plan.

So I have a plan, and I even have the funds set aside that are required to execute that plan.

I know what to buy. and when to buy. But that FOMO monkey is telling me to buy now. While I am quite sure the market will turn bloody once more over the course of the next month. So far I only bought once and sold with a minor profit. I should have waited a bit longer as the current pump surprised me. But my real plan is that I should not take a risk. I need to keep those funds ready for this last big drop....but it´s so hard!

Don´t Do It

People all around are becoming so positive, they all think we bottomed out... Am I just a fool to believe that we didn´t? That we do need one more knife to the heart of the crypto market.

All previous bear markets did an 80+% drop from the top, we did not get there yet- We got close like 75%, and maybe that is it. But I will try and stick to my plan because I love it when a plan comes together.

Now of course I am not a financial adviser so please don´t do what I do. Don´t restrain yourself from buying now everything is looking green. Do Not Wait until there are liters of blood running to the streets of Crypto Town once again.

Do what your FOMO tells you, don´t fight it. It´s probably stronger than you anyway. And I can know, as I have been fighting mine since we went up.

There are enough crypto gurus telling you that the worst is over, believe them... We do not always have to see that 80% drop, just like there is such a thing as an extended cycle.

Bottom Line

The bottom line is that there are no crypto experts and that the crypto market is easily manipulated due to its small size. It´s like a magician making you look the other way so you do not see what truly happens and at the same time our human gullibility, that makes us want to believe that this poo is real.

That is why I read all and believe non, I make my plan and stick to it like I am glued.

And if I am wrong, well I only have like 10% of my funds not invested, hence if all goes to hell in a handbasket I will be 10% less rich when BTC hits a new All-Time High in 2024.

I hope you enjoyed this donkey of an article, if so hit that like button it´s absolutely free, and have a lovely rest of your day.

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