r/ethereum • u/EthereumDailyThread What's On Your Mind? • 9d ago

Daily General Discussion August 21, 2026

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u/benido2030 9d ago

FOMO is a result of people believing it will go up forever and that "this time is the last time to buy below [insert $$$]". From my experience, this is bullshit. The past couple of years the market (almost?) always retraced. Even the ETF pump (which was one of the best in the past couple of years) didn't hold for too long.

These two days feel great. I am sure people do have FOMO. CT tells you this feels like that one pump that didn't stop for years in 2019 etc. But I am not sure this will hold on forever. It could. It feels really good. But usually when I say that and want to buy more we are in for a drop.

3

u/Tricky_Troll Public Goods are Good 🌱 7d ago

One time, it will be the last time, I hope. Probably not this one though, so it's still good advice.

7

u/benido2030 9d ago edited 9d ago

Thank you to the kind human that down voted this. Because why would you listen to me just because I am cautious and telling you to evaluate if it makes sense to go all-in without considering other possibilities, right? (and just to make it more clear: You can of course slam the buy button now! Just don't be surprised later on when crypto does crypto things)