Inordinately high — Bitcoin Ordinals send BTC transaction fees to new 5-month peak

Bitcoin users attempting to send on-chain BTC transactions are footing the bill for a fresh surge in Ordinals.

Bitcoin
BTC

tickers down
$34,929

transaction fees are at their highest in nearly six months as a new wave of inscriptions boosts competition for block space.

Data from statistics resource BitInfoCharts shows the average BTC transaction fee approaching $6 as of Nov. 7.

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How to Resist FOMO and Make Smart Crypto Trades

"FOMO" itself is a concise acronym for "fear of missing out." However, depending on what you want to know about it, I can offer different ways to expand on it:

Definition:

Full form: Fear of missing out Meaning: An unpleasant feeling of anxiety or envy that you might be left out of rewarding experiences or opportunities that others are having. Causes: Often triggered by social media, where we see curated highlights of others' lives, leading to feeling like we're missing out on something better.

Impacts:

Negative emotions: Can lead to anxiety, envy, dissatisfaction, and feelings of inferiority. Decision making: Can lead to impulsive choices based on FOMO rather than personal values or needs. Relationships: Can create tension and distance in relationships if constantly comparing ourselves to others.

Coping Strategies:

Limit social media: Reduce exposure to triggers that fuel FOMO. Practice gratitude: Focus on appreciating what you have rather than what you lack. Set priorities: Identify what's truly important to you and focus on your own goals. Live in the present: Disconnect from the constant comparison game and enjoy your own experiences.

Additionally:

FOMO can manifest in different ways depending on the individual and context. It's important to find healthy ways to manage FOMO to avoid its negative impacts. If FOMO is significantly affecting your well-being, consider seeking professional help.

I hope this information is helpful! Let me know if you have any other questions about FOMO.
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If you're just starting out in the crypto space this advice is for you.

Here's some crypto advice using the acronym "PATIENT":

P - Proper Research: Before investing, thoroughly research the cryptocurrency to understand its technology, team, and potential.

A -Avoid Hype: Be cautious of hype and speculation; focus on the long-term fundamentals rather than short-term fluctuations.

T - Take Profits: Consider taking profits at strategic points to secure gains and manage risk.

I - Informed Decisions: Stay informed about market trends, regulatory changes, and news that may impact your investments.

E - Emerging Projects: Explore emerging projects but exercise caution, and only invest what you can afford to lose.

N - Never FOMO: Avoid the Fear of Missing Out (FOMO); don't rush into investments without proper analysis.

T - Technical Analysis: Use technical analysis as a tool for understanding price trends and potential entry/exit points.

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