What Ultimately Drives Big Bull Runs?
1 min read
I’ve been around this community for a while and have heard people bash FOMO (Fear of Missing Out) as a big no-no. And…I get it.
It’s never a good idea to invest emotionally. I entered into this game at the tail end of the last bull run. Didn’t buy on the tippy top, but still nevertheless haven’t made back my $. It’s not a ton (below $50k), but I still am waiting for an exit strategy.
This all got me thinking about what really causes bull runs. Isn’t FOMO actually a factor for it? When your next door neighbor starts envying your bags and wants to get in the game? Not necessarily a bad thing FOR US, right?
I also understand how the bane of the Tulip and the MBS bubble rears its ugly head. Soon as a FOMO spike starts coming, it’s time for me to DCA out partially. (I’m over 50 and want to redistribute some to my less risky investments and keep only BTC.)
TLDR; FOMO doesn’t have to be a bad thing. Right? Depends on which side of it you’re on. Also, is FOMO a necessity for a bull run, or does it come about organically? I really wanna know. Thanks!
submitted by /u/ilovesaintpaul
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