Topic: Can we take FOMO out of investors? (Read 279 times)
No, FOMO is part of life, not just Crypto it is in almost every market, because every good technology have some people that will miss out on them and when people buy into it everyone would want to have a part of these. It is us the investors that need to be very careful to note when this is setting in
Speculations easily triggers FOMO ,everyone wants to make a huge gain and all humans including myself can't escape fear of missing out ,its in our nature and blood ,so if failure comes then its left for investors to adjust and make sure it never happens again
Fear of missing out( FOMO) is naturally inherent in the minds of investors but what differs in investors is discipline and due diligence. Bullrun will always come along the line but can we take out FOMO out when it comes around?
It's part of human psychology so I highly doubt that there would be a general solution to it.
if investors who have been cheated twice, it will be difficult for us to get rid of the FOMO because they often say or think about the losses they have experienced so that investing in a project must think up to three times.
Fear of missing out( FOMO) is naturally inherent in the minds of investors but what differs in investors is discipline and due diligence. Bullrun will always come along the line but can we take out FOMO out when it comes around?
If you are able to take FOMO out of a investor then he will never rush to investing and then it will be reflecting in delaying bull run. I mean to say only due to the rush of investors, we are having strong bull run and when investors are not having FOMO then there will be no sudden rush for catching the cheaper prices hence if you take out FOMO from investors that will lead to negative consequences.there is nothing you can do to change this attitude. all you can do is to learn from their mistakes and not repeat them yourself.
But we cannot ignore the basic fact of trading, when someone is selling, the other one is buying. So we need all types of people so that we will be having a balanced the market condition. For example, when everyone will be holding that will lead to a bigger bubble and when that will be bursting out, most people will be booking losses that is the reason we are having bubbles time to time just due to having irrational people. no you can't change how people (mostly newbies) react to this market. they are always irrational. and it is not only about FOMO, there is a lot of weird things the newbies do.
* they bag hold when they have to sell.
* they sell when the dump is over and price is at bottom
* they refuse to buy real things with good future like bitcoin when the price is already low.
* they buy shitcoins with no future and when they are obviously pump and dump.
* they buy when the prices are already pumped and is in a bubble out of FOMO
and there is nothing you can do to change this attitude. all you can do is to learn from their mistakes and not repeat them yourself.
Exactly, if you can learn from them its best for your investment, with how they react inside the market you should keep in mind that they are bringing money that free to grab when you know when will be the right timing, when they are in such a hurry buying while pumping is ongoing or buy back when they are panicking when the market is down, simply play against them to take your advantages. * they bag hold when they have to sell.
* they sell when the dump is over and price is at bottom
* they refuse to buy real things with good future like bitcoin when the price is already low.
* they buy shitcoins with no future and when they are obviously pump and dump.
* they buy when the prices are already pumped and is in a bubble out of FOMO
and there is nothing you can do to change this attitude. all you can do is to learn from their mistakes and not repeat them yourself.
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I guess it's impossible to do because FOMO will always on the market and the news. They spread the news to make people or traders react because of that news, and if the news is bad, then the panic will happen, and it impacts the price. But at least, we can minimize the bad effect from them by not panic, and we could search from the other sources so we can know what exactly is going on in the market or with the news. It will help us to analyze, and we can find the right answer.
no you can't change how people (mostly newbies) react to this market. they are always irrational. and it is not only about FOMO, there is a lot of weird things the newbies do.
* they bag hold when they have to sell.
* they sell when the dump is over and price is at bottom
* they refuse to buy real things with good future like bitcoin when the price is already low.
* they buy shitcoins with no future and when they are obviously pump and dump.
* they buy when the prices are already pumped and is in a bubble out of FOMO
and there is nothing you can do to change this attitude. all you can do is to learn from their mistakes and not repeat them yourself.
* they bag hold when they have to sell.
* they sell when the dump is over and price is at bottom
* they refuse to buy real things with good future like bitcoin when the price is already low.
* they buy shitcoins with no future and when they are obviously pump and dump.
* they buy when the prices are already pumped and is in a bubble out of FOMO
and there is nothing you can do to change this attitude. all you can do is to learn from their mistakes and not repeat them yourself.
This is impossible. You can only make a profit when you join early, but your money is no longer yours. This is very similar to a slot machine. When you throw a coin, it means you lost the coin.
I think the FOMO thing is all about our greed. We don't know how to settle for less. And we always want to make a profit. Of course it does not work on the world.
Well you can't
At least not everyone can take out their emotions when we comes to investing/trading or something that is related to money
Without FOMO, there won't be huge bull run imo. If everyone is acting conservative, no much of chance with bull run
At least not everyone can take out their emotions when we comes to investing/trading or something that is related to money
Without FOMO, there won't be huge bull run imo. If everyone is acting conservative, no much of chance with bull run
We can't take fomo out of investors, fomo will always exist,in fact fomo is one of the things that has kept the crypto sphere going.At some point,we just need that element of fomo.
FOMO is something which really derive the market in a bigger situation. I want to use a simple example. On January 2, 2019, price of a traditional share was $1.10 almost while after three days it has been turned to $3 which is a huge growth. It was from Z category. What actually happened. Some whales manipulated the market and people bought just because of FOMO. That's how a market behaves. We people can't do anything.
Fear of missing out( FOMO) is naturally inherent in the minds of investors but what differs in investors is discipline and due diligence. Bullrun will always come along the line but can we take out FOMO out when it comes around?
I don't really know what that sentence mean, but I will give my opinion about the question in your post title. So, FOMO is basically greed, and I believe greed is part of human nature, we can't really get rid of it, but we should be able to control it, so when we talk about FOMO, we know when we feel like we must buy something because it is already hyped, but we need to consider it again, do we need to buy it, or if we really need to buy a coin, at the very least we need to control how much we would buy, not just put all of our money on it, because it seems have high hype.
Greed is inherent in every person. The point is the extent to which it is expressed in specific people. I have had moments when I was influenced by FOMO, but fortunately there were not many cases.
I think it is impossible to remove the FOMO. fear will always exist in the hearts of non-professional investors.
FOMO is inevitable in cryptocurrency. It is usually lazy people that FOMO because they are too lazy to do their research on any ico so they just FOMO into any coin these analyst rate well
While FOMO concept can be dangerous but it can be effective too, and that is why it is naturally in every investor mind, and I think it is in every one of us too whether we are investors or not even when it come to decisions not related to investing, as mentioned above it is human nature. FOMO is not a bad thing and it can lead to big success same as it can lead to big failures, everything has its pros and its cons, and so is FOMO.
FOMO is just one side of the coin with emotional investors.
Let's be real, most people on crypto exchanges don't deserve to be called investors, they're gamblers.
And gamblers are by definition emotional.
FOMO is here to stay, and it's exceptionally easy to monetize by others
Let's be real, most people on crypto exchanges don't deserve to be called investors, they're gamblers.
And gamblers are by definition emotional.
FOMO is here to stay, and it's exceptionally easy to monetize by others
You can't take it out,as you said it is natural. Are you setting the minds of everyone not to sell and not to buy when the bull run starts to click the market?
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