PSA the #monero :monero_orange: price is kinda crazy right now remember to not FOMO in. p2p fungible money will always be there, let's just build things and ignore short term volatility. instead of buying and selling coins pay and get paid in them
gm ☕
100%
The p2p philosophy of Monero is different from the hodl philosophy of Bitcoin maxis.
That doesn't mean that the Monero community doesn't want $XMR to appreciate in value against corrupt state money, because then more goods can be purchased and each monetary unit in Monero yields more to use it in a circular economy.
Looks like this man is an #Agorist #Monerist 💪🏻😎
👇🏻
XMR is underrated.
On the other hand if you are to FOMO in at some point, better FOMO in early, no?
Depends on what you can afford to lose or wait, so if you can sit and wait 10 years it's always early but not if you put all your money in and next week has to sell at loss to buy groceries 😂
There's no good time to put your grocery money into anything, FOMO or no FOMO.
My point was that waiting for the right price to buy doesn't work either, there is no right price to buy.
Buying in in percentages of what you are willing to spend is the safe way. Same goes for selling. FOMO is irrelevant.
Just my two cents obviously.
Yea this was the point, FOMO means you think you "missed it out" and you either 1) need it now to not miss a golden chance or 2) has no point in getting in now and stays away because it's already too late
but both of those can "backfire" like for 1) it goes down, and for 2) it continues going up, so FOMO is mostly a psychological game which can mess up with people's heads if they think too much about it
but if we think it's still early that's kinda the opposite of FOMO since we know we're not missing out on anything and know it's still going to be there, probably even higher in the future
so you're right and I agree there's no right place to enter even more so for a money which the goal is to use at whatever price
#btcfail
Never buy anything based on FOMO
