Part 4/7:
Investors often promote a mindset of making quick gains during price surges, and this can lead to regrettable decisions when the market reverses. He relayed a crucial piece of advice: don’t succumb to "fear of missing out" (FOMO). The current excitement around Bitcoin's price crossing $100,000 should not tempt newer investors into a reckless mindset.
Instead, he recommended adopting more disciplined investment strategies focused on the long haul, such as consistent dollar-cost averaging, which allows for regular purchases of Bitcoin over time and avoids trying to time the market.