🗾Bitcoin FOMO: Why Do People Buy at the Top? 🫨
The image perfectly captures one of the biggest ironies in crypto investing. When Bitcoin is affordable at 86K, there’s no rush. But when the price skyrockets to 210K, everyone suddenly wants in.
This is a classic case of FOMO (Fear of Missing Out), where people chase pumps instead of accumulating during dips.
Why Do People Buy at Highs?
1️⃣ Psychological Bias - Many wait for confirmation that BTC is going higher before buying.
2️⃣ Media Hype - When mainstream news starts covering Bitcoin, retail investors rush in.
3️⃣ Herd Mentality - Seeing others profit triggers an emotional response to join the trend.
Smart Money vs. Retail Investors
Smart investors accumulate when prices are low and fear is high. Retail investors, however, wait until Bitcoin is in price discovery mode before entering.
Lessons for Crypto Investors
🔸 Buy the fear, not the hype. Accumulate when others are doubtful.
🔸 Zoom out. Bitcoin’s long-term trajectory is up, but dips are part of the game.
🔸 Have a strategy. DCA (Dollar-Cost Averaging) helps you avoid emotional decisions.
Will You Make the Same Mistake?
History has shown that Bitcoin rewards patient investors. If you believe in BTC’s long-term future, ask yourself, are you waiting for 210K, or are you buying at 86K?