Most people talk about having FOMO when something is pumping and they are sad they are missing out on a perceived opportunity. It explains why so many people "Chase The Pump", once Bitcoin or another crypto pumps people continue to pile into the currency just on time for the inevitable retracing price.
Having realized that my efforts during the bear season paid off more than my efforts during the Bull Season, I'm having FOMO now. If crypto is due for another drop or is going sideways where should I put my funds? I continue to ask myself, but I haven't come up with any satisfactory answers.
While some of my bags have already dropped to degree, I'm okay with that, as I wasn't planning on pulling any crypto out soon anyway. I do have the sneaking feeling that the work my crypto does during a slow crypto period is the most important gains of all. Yet, I don't consider myself a day trader I follow some hype and tend to buy into projects that are getting attention. In a down season I tend to like to sit in BTC or ETH, but this season everything changed.
While I would like to stake more BTC, I do fear impermanent losses and so far, I still sitting here with only about 25% of my crypto staked. I, like many others, have been buying into the 4 year cycle, I talked about it in many posts, and yes I hoped for that end of the year pump that never came. Do we have an extended BTC season or did the last year just not perform due to the political and financial tensions in the world for the past 2 years? I don't know.
For now I am hodling and waiting to see what happens next I feel like the stress of 2020-2021 have hit home personally, it's a great time for me to just chill out a bit, acknowledge the FOMO and refrain from doing anything stupid.
It's okay to have FOMO, it's okay to gamble a bit here and there, but when things feel unsettled it is not the time to make any big moves.
@whatsup