08-05-2022, 01:29 PM
Nobody told me that FOMO hits harder during a Bear Market than during a Bull Market!
<!-- SC_OFF --><div class="md"><p>During the Bull Market last year I was a bit influenced by these self proclaimed cyrpto millionaires that managed to get crazy gains within a short period of time...it made me dreaming about a world where I would retire early with my small stack of coins that I gathered. </p> <p>I was ready to create my own plan that would ensure that I am ready for the next big bull run! </p> <p>I gathered a lot of insights from a couple of subreddits where I read about experienced longterm traders who have been through a couple of bear markets themselves...all of them were ice cold and most of them gave good advice. One of the key points was that real wealth kicks in during a Bear Market, as that gives you the chance to accumulate your portfolio significantly and with a hefty discount. </p> <p>I stopped buying and patiently waited for a Bear Market to kick in with a bullet proof plan to do a smart monthly DCA into my favorite coins...and then the Big crash arrived...I felt excited! Finally a real Bear Market!</p> <p>I waited it out so I can see where the real bottom is and all good...but then Inflation kicked in...and it hit hard, much harder then I envisioned! During the next weeks and months it got worse and worse and my purchasing power went down...really down...it came to a point where I was not able to save up anything to invest. </p> <p>At that point I understood one thing...I always wondered why certain traders were selling for a loss during a bear market, it didn't make any sense...why would someone do that, out of fear...still...why? </p> <p>Finally I understood...</p> <p>I came to a point where I was close enough to do the same, but somehow managed to keep my portfolio untouched, but that was a constant battle! </p> <p>In less than a year I came from cheering for a bear market so I can invest heavy to planning to make tough decisions such as selling for a loss!</p> <p>Right now, I got this strange FOMO feeling, I don't want this bear market to end and the same time I want some mini miracle to get some money before the start of the next bull market. </p> <p>In any case...after experiencing Bull and Bear FOMO sensations, one thing is sure...Bear FOMO is much worse and a much bigger challenge than previously thought! </p> <p>Good luck everyone, I guess that I am not the only one, but I had the need to share this personal experience.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/vjeva"> /u/vjeva </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/wg834b/nobody_told_me_that_fomo_hits_harder_during_a/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/wg834b/nobody_told_me_that_fomo_hits_harder_during_a/">[comments]</a></span>
<!-- SC_OFF --><div class="md"><p>During the Bull Market last year I was a bit influenced by these self proclaimed cyrpto millionaires that managed to get crazy gains within a short period of time...it made me dreaming about a world where I would retire early with my small stack of coins that I gathered. </p> <p>I was ready to create my own plan that would ensure that I am ready for the next big bull run! </p> <p>I gathered a lot of insights from a couple of subreddits where I read about experienced longterm traders who have been through a couple of bear markets themselves...all of them were ice cold and most of them gave good advice. One of the key points was that real wealth kicks in during a Bear Market, as that gives you the chance to accumulate your portfolio significantly and with a hefty discount. </p> <p>I stopped buying and patiently waited for a Bear Market to kick in with a bullet proof plan to do a smart monthly DCA into my favorite coins...and then the Big crash arrived...I felt excited! Finally a real Bear Market!</p> <p>I waited it out so I can see where the real bottom is and all good...but then Inflation kicked in...and it hit hard, much harder then I envisioned! During the next weeks and months it got worse and worse and my purchasing power went down...really down...it came to a point where I was not able to save up anything to invest. </p> <p>At that point I understood one thing...I always wondered why certain traders were selling for a loss during a bear market, it didn't make any sense...why would someone do that, out of fear...still...why? </p> <p>Finally I understood...</p> <p>I came to a point where I was close enough to do the same, but somehow managed to keep my portfolio untouched, but that was a constant battle! </p> <p>In less than a year I came from cheering for a bear market so I can invest heavy to planning to make tough decisions such as selling for a loss!</p> <p>Right now, I got this strange FOMO feeling, I don't want this bear market to end and the same time I want some mini miracle to get some money before the start of the next bull market. </p> <p>In any case...after experiencing Bull and Bear FOMO sensations, one thing is sure...Bear FOMO is much worse and a much bigger challenge than previously thought! </p> <p>Good luck everyone, I guess that I am not the only one, but I had the need to share this personal experience.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/vjeva"> /u/vjeva </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/wg834b/nobody_told_me_that_fomo_hits_harder_during_a/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/wg834b/nobody_told_me_that_fomo_hits_harder_during_a/">[comments]</a></span>