The FOMO is real, very real. People fear they will miss out on a 100% bullrun of BTC this year, so they make unwise decisions.
All eyes are on BTC. Articles are popping up everywhere. "Experts" are stating yearly targets at double the current price.
All these things only point to one thing, it cannot last.
Will the Winklevoss Bitcoin ETF on the 11th March be accepted? Yes, or no? Buying because you believe 'yes' is the answer, without having insider information, means you are not investing, you are gambling.
http://www.coindesk.com/price/#2013-07-01,2017-02-23,close,bpi,USD
Don't break the most important investment rule. Don't buy at an all time high. You are going with the herd, and when the herd runs off a cliff, you'll be part of it. Don't let FOMO and animal emotions control you. Beware of the hype. Bitcoin is not the only asset that could double in value. There are thousands of other assets that could double in value just as easily with much less risk. Stay calm, open minded and focus on equities which are not in the eyes of the bull. Buy low, sell high.
