How to avoid FOMO? \ stacker news ~bitcoin

290 sats \ 17 comments \ @criptopanas 9 Mar bitcoin_beginners

I've been contacted from a few friends (pre-coiners) and they want some advice regarding BITCOIN, they just saw the ATH on the news...They just want to buy some...

But, they are in total FOMO mode...What would you recommend to them?

I tried to orange pilled some years ago...and now, because BTC is all over the news they want to get involve.

What is the best piece of advice you will give to this people?

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69 sats \ 1 reply \ @badabing 9 Mar

Buy some every month with your paycheck. Have a horizon of at least 5-10 years.

11 sats \ 0 replies \ @DiedOnTitan 9 Mar

Underrated reply.

11 sats \ 0 replies \ @DarthCoin 9 Mar

What is the best piece of advice you will give to this people?

Avoid shitcoineries like your YT channel...

https://m.stacker.news/19668

1 sat \ 0 replies \ @030e0dca83 9 Mar

Bitcoin is for anyone not for everyone. Almost everyone moves through fomo period, and your friend should understand what is it...

The best way to start, as I think, is DCA. Ge can start to buy daily for one dollar or more. Bitcoin makes us all more educated

1 sat \ 0 replies \ @Quasianon 9 Mar

Large gains are made few days in a year. You will most likely miss them. DCA is your friend.

If they don’t want to DCA (they really should), they should not sell for at least 4 years. It doesn’t matter when they buy: even at the absolute top, historically they will gain after 4 years.

They can also resist the urge to buy material things and stack sats instead. They don’t need another jumper or pair of Nikes. Stack those sats instead at whatever price BTC is. It would be sats they would have spent anyway, so they’ll always win.

0 sats \ 1 reply \ @Taurus 10 Mar

It's funny because every time someone asked me about Btc, I told them to wait. They then lost the train and the price went up.

0 sats \ 0 replies \ @Taurus 10 Mar

So.. Buy sats every week and forget about them

0 sats \ 1 reply \ @DiedOnTitan 9 Mar

The danger with partial orange pilling is that you will be blamed for whatever the outcome. Except when NGU:

"You told me to buy, I did, it went down and had to sell. I lost my money because of you."
"When you told me to buy at $3,000, you sounded like an excited geek selling a scam. Why didn't you tell me what I needed to hear to buy? Do you know how much money I could have made? This opportunity cost me because you communicate like a brain-dead dodo bird."

Advice: Weekly/monthly DCA, set and forget. Don't watch/focus on the fiat price. That is the least interesting aspect. Stack a full cycle, 4 year minimum. Read. Learn. Run a full node and participate to strengthen the network you are now investing in.

8 sats \ 0 replies \ @criptopanas OP 9 Mar

Yes, DCA is the best advice to share. Totally agree with your answer.

0 sats \ 0 replies \ @alin 9 Mar

Watch Matthew Kratter's YT videos. That did it for me

0 sats \ 0 replies \ @knorozov 9 Mar

Tell em to stick to fiat.

0 sats \ 0 replies \ @jakoyoh629 9 Mar

Study first

0 sats \ 2 replies \ @Coinsreporter 9 Mar

Let them invest. After investing, I'm sure, they will learn everything about Bitcoin by themselves.

16 sats \ 1 reply \ @TNStacker 9 Mar

they are going to sell the dips. fuck em! LOL

Stack Sats and stay humble. 😎

21 sats \ 0 replies \ @Coinsreporter 9 Mar

If they sell low, I'm sure they will buy lower to curb their loses.

0 sats \ 0 replies \ @Wumbo 9 Mar

One option:

Have them sign up for Stacker News. Getting bitcoin on their first post will get them off Zero and motivate them to acquire more.

0 sats \ 0 replies \ @riberet19 9 Mar

I would recommend that they study Bitcoin in-depth, hopefully, their minds detaches a little from the fiat mentality and they can take appropriate steps toward Bitcoin.