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I've struggled with the FOMO myself, mostly because I've watched it so long (or like to tell myself I knew about bitcoin earlier than the average person), but I
by hardwaresofton 9y ago
I've struggled with the FOMO myself, mostly because I've watched it so long (or like to tell myself I knew about bitcoin earlier than the average person), but I came to the same realization that I think is critical:
Bitcoin is just like other stores of value that fluctuate in price based on some mix of speculation and "actual" value. If you're FOMOing about Bitcoin, why not fear missing out about bluechip stocks? or owning real estate? or futures? or bullion?
It is true that creation events for stores of value don't happen just happen every year/decade/century but I wonder why the FOMO around Bitcoin is so acute (for me at least)... it's like a penny stock that I feel like I should have known was going to pop
[EDIT] - bouillon -> bullion
- westiseast 9y ago* bullion Just in case anyone thought they’d missed out on the French soup stock bubble ;)
- hardwaresofton 9y agogarci pour la correction en temps opportun! -- just corrected it in the comment I also... don't speak French so my apologies to whoever had to suffer through that
- SilasX 9y agoAnother correction: I think you mean “merci”, not garci.
- hardwaresofton 9y agoThanks for the correction, haha I'm going to stop wrongly spelling french words now.
- westiseast 9y ago* French
- AznHisoka 9y agoMaybe its the dissonance between knowing so much more about it than the average Joe. Yet it is the average Joe that is making a lot of money?
- jcbrand 9y agoPerhaps knowing is secondary to acting?
- baby 9y agowhat's FOMO