Do you ever JOMO? | Bitcointalksearch.org

Desmong

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Quote from: libert19 on March 16, 2022, 09:36:28 PM

I learned about this word today too. It stands for 'Joy Of Missing Out".

You were thinking of buying a coin and later that coin dumps to oblivion. That's JOMO!

The joy of missing out is always a great one and can bring more profit to businesses. As a trader, joy of missing out can bring a perfect shot that will bring fortune. I found remember a time I intended to buy a coin and due to sufficient fund I decided to wait and to my greatest surprise, the market falls then I began to have FOMO. I decided to wait again but price never waits for me.

iv4n

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Every coin has two sides, so FOMO has its JOMO! The longer someone is in the crypto world, the more these two things repeat themselves, there is no end to it! It is always nice when we make a good trade (in or out) that brings us profit or saves capital, but I guess not anyone always makes good moves, mistakes happen to everyone, even the best traders make mistakes!
We can't allow fear and joy to affect how we trade and the plans we have, these are just momentary emotions that can confuse us if we are not careful! I learned that a long time ago!

feelideb

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It can be pleasing to know that you dodge a bullet by not buying high priced coin you may have planned to buy and later discover that it has dump. However, if such coin is backed by capable and skillful dev and board, that could be a rare opportunity to buy low and stand in a good position! Cryptocurrency market is very dynamic!

sana54210

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Quote from: SirLancelot on April 16, 2022, 02:19:01 AM

It’s an acronym that means exactly what the OP said – JOMO –Joy of Missing Out. if we should apply it to the situations like you have said, it wouldn’t mean really mean that someone is rich and that is why they have chosen not to engage with some activities, I think what it means is that they are being contented with what they have and just don’t care or bother about the lifestyle that other people are living.

Even from the explanation that the dictionaries have on it, you can tell that that’s the meaning of the word. So, it isn’t about being rich.

Wouldn't be awesome if you were so rich that you just do not care Cheesy

. But I agree, JOMO is a situation where you would get into something as an investment, and then you didn't for one reason or another, then you see it crashing down.

I literally had that during 44k recently, I was about to get in and I couldn't because I was busy and didn't had the time and had some issues outside of house, then I came back to home and had time and at that point it was 40k for example, even 39.6k or something if I am not wrong when I got in. So it really did feel amazing to miss out, I had JOMO for sure, that is what I understood as JOMO and I believe I got it right, since it is pretty easy to understand what it means.

stepwilli

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It all happens a lot. There are so many times that I have missed out from investing at a particular price rate and then I would find out that I was lucky not to do so another day

. But, there are also times that it would end up with you missing another opportunity. That’s just how this market is, you never really can tell what happens, so it’s kind of luck and all that.

But, one thing really important for sure is that you should know when you’re meant to be buying and when you’re to be selling in the market. And even if you miss the opportunity, there is always a chance to go for it, that’s the good thing.

SirLancelot

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Quote from: yohananaomi on April 13, 2022, 09:18:38 PM

we ourselves know that the definition of JOMO: "a feeling of self-satisfaction where a person is satisfied with his life so that they feel free and focus more on the things they enjoy"
if we apply this to a person's personal life, it is that he is already established and has left his life to be able to enjoy the heyday that has been done so far. but if it is implemented in the crypto field, then he is already rich across crypto and only has to enjoy the benefits of what he has achieved. even if you want to keep investing, then he will only give top coins, namely bitcoin, which will definitely provide benefits in the long term at least after the halving period, which is not easy for anyone who does not have large funds/capital and is clearly qualified.

It’s an acronym that means exactly what the OP said – JOMO –Joy of Missing Out. if we should apply it to the situations like you have said, it wouldn’t mean really mean that someone is rich and that is why they have chosen not to engage with some activities, I think what it means is that they are being contented with what they have and just don’t care or bother about the lifestyle that other people are living.

Even from the explanation that the dictionaries have on it, you can tell that that’s the meaning of the word. So, it isn’t about being rich.

Issa56

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Quote from: JoyMarsha on April 14, 2022, 02:53:02 PM

The JOMO meaning got me laughing out loud. Love to share my own experience.
There is this particular coin, I have been eyeing for so long to invest in due to how it's been talked about on telegram by different fellas. It happens that, the time I wanted to invest, that's when the project was rug pulled. Although I was pained about it at initial, later got happy with the thought of not falling into a scam project

I believe most of us have fallen for this before, I added a coin which I won't disclose the name on my favorite list on my Coingecko thinking I will invest in the coin whenever am having money because I was expecting money then, but I was lucky the coin dumped beyond expectation before I received the money I was expecting and I was happy I didn't invest in the coin.

Quote from: stompix on March 17, 2022, 04:57:10 PM

So it appears there is a race of creating new terms
Forget FOMO! We're now more likely to suffer from FOJI, MOMO and JOMO

FOMO Fear of missing out
FOBO Fear of a better option
FOJI Fear Of Joining In
JOMO Joy Of Missing Out
FOMOMO The fear of the mystery of missing out
SLOMO slow to missing out
MOMO Mystery of missing out
BROMO When your 'bros' (friends) protect you from missing out

And my personal contribution
FOSI, Fear of Surfing the internet - cause it might lead you to discoveries like this!

Quote from: thirdeyeopen76 on March 16, 2022, 09:57:08 PM

Hundreds or times with btc. Bought some when it 3000 ish & knew it would get to 10k plus but couldnt pull the trigger for more than a few thousand. Sickening feeling.

That's not joy of missing out, it was fear of risking your money.

Quote from: palle11 on March 17, 2022, 08:49:02 AM

Every time in trading we experience both JOMO or FOMO. This is certain to be so with our trading.

How the hell is this even possible?

Have not really heard most of the words you mentioned above or do you create them yourself because some really sounds funny, let me just master them so that I will also start using them also, maybe I should start creating my own.

Quidat

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Quote from: libert19 on March 16, 2022, 09:36:28 PM

I learned about this word today too. It stands for 'Joy Of Missing Out".

You were thinking of buying a coin and later that coin dumps to oblivion. That's JOMO!

For sometime and i had really experienced this one on where you had just told yourself that was a good call that you had missed out on making investment on a particular coin
because it dumps afterwards which for sure majority had really experienced this one due to some circumstances. You could say that you are lucky enough but actually there's
really indeed part where luck do really plays out which save up your ass on losing money but of course it wont really be happening most of the time yet
there would be times that you would regretting on not getting in. Cheesy

JoyMarsha

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The JOMO meaning got me laughing out loud. Love to share my own experience.
There is this particular coin, I have been eyeing for so long to invest in due to how it's been talked about on telegram by different fellas. It happens that, the time I wanted to invest, that's when the project was rug pulled. Although I was pained about it at initial, later got happy with the thought of not falling into a scam project

ethereumhunter

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Quote from: Oilacris on April 13, 2022, 06:50:44 PM

Not all would really be having that kind of mindset but instead they do really love on trying out something new thats why they do really make out such deposits even though the reputation is still

questionable.So its up to someone whether they had accepted the risk on losing their money once they do make out such step.IF you do love to play safe
then you would really be sticking to buy on established coins and if ever it would dropped they do really still mind off about long term aspect.

Many people want to try something new, but unfortunately, many of them are not looking for more information, so many are being scammed. This is why we have to be really selective in sourcing the projects because not all projects will stay good in the long term. If the project can only last for the short term, then we don't have to force ourselves to stay on the project and we can look for other, more promising projects.

Quote from: awik p on April 14, 2022, 08:19:12 AM

unfortunately people who have experienced it will be used as lessons and experiences, so they don't experience the same thing in the future. but unfortunately more and more new investors are coming and they fall victim to their ignorance and ambition with the promise of attractive participation. as long as this method is still effective, then they will continue to commit fraud, so we ourselves have to think logically and avoid some kind of rugpull

Yes, almost all of us have experienced it and only those who can learn from it can avoid it in the future. If new investors can find more detailed information, they will not choose the wrong project and can avoid fraud. It all depends on how they can get the information and process it for their benefit. Hopefully, they could benefit if they could put the information to good use.

darewaller

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I am having it exactly at this moment. I wanted to buy bitcoin but I didn't have enough money at the time, it was going up and I assumed it would go above 50k, I would have bought a lot of bitcoins if I had a lot of fiat but I had none so I bought none.

Now, it is down and that means if I bought at that time, I would have lost money right now. Obviously, these are small movements and I wouldn't be bothered by it, we could see 48k to 40k to whatever and it would be going back to 48k not too late, so I wouldn't be upset, but I am also glad that I missed it which means if it stays like this I could buy lower and could wait for it to go back and make money quicker.

awik p

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Quote from: ethereumhunter on March 24, 2022, 04:44:40 AM

Quote from: tbterryboy on March 21, 2022, 04:21:45 PM

The worst ones are scams right? Like they do rugpull when you imagine they would be doing something great. I saw a project that was basically a copycat of pancakeswap last year, and it was offering both what pancake was offering but some new features on top of it, and I liked it because those features would have made it so much better.

What happened? Of course, they didn't those features, it was all a lie and they just rug pulled by selling all the tokens they had and got away with it. Not that too much happened to them, as far as I know they got away with it and just live a rich life right now whereas we are talking about thousands of people losing that money and I was one of them unfortunately.

Yes, too many platforms fool people by copying what other platforms are doing. And sadly, people don't do their research before they join the project and it costs them various amounts.

It seems that if we are in such a situation, we better go back to what has really worked well before and that will keep us from being scammed, which can happen at any time. That way, we can minimize the risk and try to make a profit.

unfortunately people who have experienced it will be used as lessons and experiences, so they don't experience the same thing in the future. but unfortunately more and more new investors are coming and they fall victim to their ignorance and ambition with the promise of attractive participation. as long as this method is still effective, then they will continue to commit fraud, so we ourselves have to think logically and avoid some kind of rugpull

yohananaomi

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Quote from: sayaya17 on April 13, 2022, 06:59:06 PM

Quote from: yohananaomi on April 13, 2022, 07:23:58 AM

Quote from: jhonjhon on March 20, 2022, 12:54:04 AM

Sometimes JOMO is the perfect solution to disconnect from everything. Forget about crypto for a period. It is indeed especially important to enjoy life and treat yourself other than crypto every once in a while.

If you want to escape FOMO, then JOMO is the answer.

if you already have a handle and can provide sufficient for every thing that will be done for daily needs, so you really want to release fatigue from all connection activities from everything. Of course it is clear that the action for JOMO is understandable and acceptable because it will not make it difficult for oneself.
but we know that many also live from connection activities not only with crypto and cannot escape from FOMO.
JOMO is one of the best ways to overcome FOMO, releasing the fatigue of connecting with trends.

Usually people who are JOMO are people who are already financially stable, they are able to meet their daily needs well. Therefore they will not panic
with anything that happens in the market. Especially if the market is suddenly bullish it won't make them FOMO, because their main target is usually
long-term profit, so whatever happens in the short term does not affect them. As you said in the end JOMO is the best way to overcome FOMO,
but to be able to become JOMO of course we have to go through a long process and experience FOMO first, the conclusion is that experienced people
are more likely to be JOMO. JOMO will make us feel happier in life, because we are not burdened with the volatile crypto market. Because we only focus
on collecting Bitcoins until we reach the target we want, we will get big profit when our target is reached.

I agree mate, we ourselves know that the definition of JOMO: "a feeling of self-satisfaction where a person is satisfied with his life so that they feel free and focus more on the things they enjoy"
if we apply this to a person's personal life, it is that he is already established and has left his life to be able to enjoy the heyday that has been done so far. but if it is implemented in the crypto field, then he is already rich across crypto and only has to enjoy the benefits of what he has achieved. even if you want to keep investing, then he will only give top coins, namely bitcoin, which will definitely provide benefits in the long term at least after the halving period, which is not easy for anyone who does not have large funds/capital and is clearly qualified.

sayaya17

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Quote from: yohananaomi on April 13, 2022, 07:23:58 AM

Quote from: jhonjhon on March 20, 2022, 12:54:04 AM

Sometimes JOMO is the perfect solution to disconnect from everything. Forget about crypto for a period. It is indeed especially important to enjoy life and treat yourself other than crypto every once in a while.

If you want to escape FOMO, then JOMO is the answer.

if you already have a handle and can provide sufficient for every thing that will be done for daily needs, so you really want to release fatigue from all connection activities from everything. Of course it is clear that the action for JOMO is understandable and acceptable because it will not make it difficult for oneself.
but we know that many also live from connection activities not only with crypto and cannot escape from FOMO.
JOMO is one of the best ways to overcome FOMO, releasing the fatigue of connecting with trends.

Usually people who are JOMO are people who are already financially stable, they are able to meet their daily needs well. Therefore they will not panic
with anything that happens in the market. Especially if the market is suddenly bullish it won't make them FOMO, because their main target is usually
long-term profit, so whatever happens in the short term does not affect them. As you said in the end JOMO is the best way to overcome FOMO,
but to be able to become JOMO of course we have to go through a long process and experience FOMO first, the conclusion is that experienced people
are more likely to be JOMO. JOMO will make us feel happier in life, because we are not burdened with the volatile crypto market. Because we only focus
on collecting Bitcoins until we reach the target we want, we will get big profit when our target is reached.

Oilacris

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Quote from: ethereumhunter on March 24, 2022, 04:44:40 AM

Quote from: tbterryboy on March 21, 2022, 04:21:45 PM

The worst ones are scams right? Like they do rugpull when you imagine they would be doing something great. I saw a project that was basically a copycat of pancakeswap last year, and it was offering both what pancake was offering but some new features on top of it, and I liked it because those features would have made it so much better.

What happened? Of course, they didn't those features, it was all a lie and they just rug pulled by selling all the tokens they had and got away with it. Not that too much happened to them, as far as I know they got away with it and just live a rich life right now whereas we are talking about thousands of people losing that money and I was one of them unfortunately.

Yes, too many platforms fool people by copying what other platforms are doing. And sadly, people don't do their research before they join the project and it costs them various amounts.

It seems that if we are in such a situation, we better go back to what has really worked well before and that will keep us from being scammed, which can happen at any time. That way, we can minimize the risk and try to make a profit.

Not all would really be having that kind of mindset but instead they do really love on trying out something new thats why they do really make out such deposits even though the reputation is still

questionable.So its up to someone whether they had accepted the risk on losing their money once they do make out such step.IF you do love to play safe
then you would really be sticking to buy on established coins and if ever it would dropped they do really still mind off about long term aspect.

yohananaomi

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Quote from: jhonjhon on March 20, 2022, 12:54:04 AM

Sometimes JOMO is the perfect solution to disconnect from everything. Forget about crypto for a period. It is indeed especially important to enjoy life and treat yourself other than crypto every once in a while.

If you want to escape FOMO, then JOMO is the answer.

if you already have a handle and can provide sufficient for every thing that will be done for daily needs, so you really want to release fatigue from all connection activities from everything. Of course it is clear that the action for JOMO is understandable and acceptable because it will not make it difficult for oneself.
but we know that many also live from connection activities not only with crypto and cannot escape from FOMO.
JOMO is one of the best ways to overcome FOMO, releasing the fatigue of connecting with trends.

Ahli38

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Quote from: Emitdama on March 26, 2022, 01:38:33 AM

Quote from: Ahli38 on March 24, 2022, 02:34:24 AM

I've experienced it several times. and even that became a nightmare for me. but I just found out that this term is JOMO.

I just recently bought a token called MetaSims on the Bsc network.
chart looks healthy for some time even looks very positive. and I decided to buy it. but when I wake up in the morning. I was surprised to see the prices have fallen completely.

maybe someone else is buying this token here.

really very annoying and frustrating. because the project looks good and there is no sign the price will be rugfull

I think you completely miss understand what he was talking about. It was not about buying and then the price dump but it was when your planning to buy but it didn't happen for some reasons and then the price of the coin that your supposed to be buying got dumped. You will have an expression something like this >... "oh god, good thing I haven't bought that token Grin

".

I don't wonder anymore why you always lose because you're doing the wrong thing all the time. You only look at the charts but you didn't look for the other details if the coin is really trusted or not. All here are experienced people and won't just easily buy a new token like that.

Oops, it turns out I misunderstood. Thank you for explaining with clear examples. Cool

well... you're right, I'm still a beginner and still immature in analyzing newly released tokens whether it will be a scam or not. because if an expert is definitely not going to be hit by a rugful token scam. but from this incident I became more careful by doing a more thorough analysis.

Emitdama

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Quote from: Ahli38 on March 24, 2022, 02:34:24 AM

I've experienced it several times. and even that became a nightmare for me. but I just found out that this term is JOMO.

I just recently bought a token called MetaSims on the Bsc network.
chart looks healthy for some time even looks very positive. and I decided to buy it. but when I wake up in the morning. I was surprised to see the prices have fallen completely.

maybe someone else is buying this token here.

really very annoying and frustrating. because the project looks good and there is no sign the price will be rugfull

I think you completely miss understand what he was talking about. It was not about buying and then the price dump but it was when your planning to buy but it didn't happen for some reasons and then the price of the coin that your supposed to be buying got dumped. You will have an expression something like this >... "oh god, good thing I haven't bought that token Grin

".

I don't wonder anymore why you always lose because you're doing the wrong thing all the time. You only look at the charts but you didn't look for the other details if the coin is really trusted or not. All here are experienced people and won't just easily buy a new token like that.

so98nn

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These days I’m missing it all the time. I have two mining rigs set up and I keep mining RVN coin to overcome the difficulty of mining with my small cards. Since my cards no longer support ETH I switched to RVN to get more profitable mining.

However, there was time when RVN was trading at pretty $0.15 and it was the most profitable time for me to sell and recover the investments.

Unfortunately that times gone and the RVN price is now mostly fluctuating in between $0.04 to $0.06 USD. I completely understand the whole market is down right now and it’s bleeding.

But as of now it’s JOMO for me.

ethereumhunter

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Quote from: tbterryboy on March 21, 2022, 04:21:45 PM

The worst ones are scams right? Like they do rugpull when you imagine they would be doing something great. I saw a project that was basically a copycat of pancakeswap last year, and it was offering both what pancake was offering but some new features on top of it, and I liked it because those features would have made it so much better.

What happened? Of course, they didn't those features, it was all a lie and they just rug pulled by selling all the tokens they had and got away with it. Not that too much happened to them, as far as I know they got away with it and just live a rich life right now whereas we are talking about thousands of people losing that money and I was one of them unfortunately.

Yes, too many platforms fool people by copying what other platforms are doing. And sadly, people don't do their research before they join the project and it costs them various amounts.

It seems that if we are in such a situation, we better go back to what has really worked well before and that will keep us from being scammed, which can happen at any time. That way, we can minimize the risk and try to make a profit.

Ahli38

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Quote from: libert19 on March 16, 2022, 09:36:28 PM

I learned about this word today too. It stands for 'Joy Of Missing Out".

You were thinking of buying a coin and later that coin dumps to oblivion. That's JOMO!

I've experienced it several times. and even that became a nightmare for me. but I just found out that this term is JOMO.

I just recently bought a token called MetaSims on the Bsc network.
chart looks healthy for some time even looks very positive. and I decided to buy it. but when I wake up in the morning. I was surprised to see the prices have fallen completely.

maybe someone else is buying this token here.

really very annoying and frustrating. because the project looks good and there is no sign the price will be rugfull

Benefactor

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The greater part of them simply can change after they get enough genuine loses however it isn't past the point of no return for individuals who can change themselves from approaches for washouts to ones for victors. This is sure to be so with our exchanging. They siphon at first with a decent publicity yet following a month the value begins to address until it hit the base, no doubt there's a delight on that for not accepting.

justdimin

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Quote from: wozzek23 on March 22, 2022, 03:33:31 AM

Such a thing has happened to me several times. there have been times that I planned to invest in the market and it happens that I missed out on my target and then I will feel that I have made a huge mistake because I missed the target I had, but at the end of the day I will realize that the market has dipped more than what it was earlier, and that means I now have a lot cheaper price or a lower entry to start from whenever I decide to go for it.

The best feeling comes when you finally invest and realize that you got in at the lowest point that the market would reach, and from there it starts going up and you start making good profits.

In recent times, I decided to invest with grin after theymos's good review about it. But, when I was checking its economic rules, I decided not to go with due to its massive supply. (Grin is a good coin for privacy reasons and not for investment purposes). I really had JOMO at that times.

This is something that DCA people constantly feel, it is not really something that we forget that easily. We invest into coins at any price, and that way we drop the average of entry we have, and sometimes we increase it, mine is low enough that I could profit at most prices and won't worry anymore but I know that I do not invest with all of my money and that allows me to make a lot of profit thanks to this.

Doesn't mean that I would have to have JOMO at all times, sometimes it goes up and I feel FOMO, but sometimes it goes down and I feel JOMO thanks to that. Long term investors feel the same way whenever the price drops, it allows them to get a better position.

wozzek23

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Quote from: libert19 on March 16, 2022, 09:36:28 PM

I learned about this word today too. It stands for 'Joy Of Missing Out".

You were thinking of buying a coin and later that coin dumps to oblivion. That's JOMO!

Such a thing has happened to me several times. there have been times that I planned to invest in the market and it happens that I missed out on my target and then I will feel that I have made a huge mistake because I missed the target I had, but at the end of the day I will realize that the market has dipped more than what it was earlier, and that means I now have a lot cheaper price or a lower entry to start from whenever I decide to go for it.

The best feeling comes when you finally invest and realize that you got in at the lowest point that the market would reach, and from there it starts going up and you start making good profits.

In recent times, I decided to invest with grin after theymos's good review about it. But, when I was checking its economic rules, I decided not to go with due to its massive supply. (Grin is a good coin for privacy reasons and not for investment purposes). I really had JOMO at that times.

Vaskiy

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Quote from: jrrsparkles on March 19, 2022, 09:40:02 AM

Quote from: libert19 on March 16, 2022, 09:36:28 PM

I learned about this word today too. It stands for 'Joy Of Missing Out".

You were thinking of buying a coin and later that coin dumps to oblivion. That's JOMO!

Many times, especially with ethereum at some point.

This I've experienced recently with Casper. I tried to participate in the presale and I wasn't able to get in. It was discussed to be good project and to what is being discussed it had good volume and the price peaked above $1 on listing for trade. I was completely upset as I wasn't able to get in the queue. Further the price kept dropping, and now it is around $0.07 which is the pre-sale price.

Quote from: libert19 on March 16, 2022, 09:36:28 PM

What about the price dumping simply after you sold that coin? We need to find a new term for that as well.

Maybe we can term as "LOS - Loss On Sale" or "LAS - Loss After Sale"

crzy

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Quote from: Zilon on March 21, 2022, 11:29:51 AM

"joy of missing out" excitement for not buying a coin because it was pumping and all of a sudden you see the coin dump so drastically. I agree with you it should always be a two way thing if 'fear of missing out' occurs when one goes into buying a coin because they feel they might miss the next bull run which ends up deceptive times. The joy of it should be for those who ignored the signal

Also a sign of bitterness especially to those who are not able to ride the pump before it goes down. The hype is always there to pump the price and if started to correct, JOMO will start to dominate your feelings since you didn’t buy for some reason and miss some opportunity to take profit. Emotions will always be part of our investment journey, take it in a good way so that it can give you a more profitable journey.

tbterryboy

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Quote from: ?? on ??

Quote from: worle1bm on March 21, 2022, 01:02:51 AM

Happened with once or twice back few years when there was project who was in hype and the coins were in demand so as profit motive I also wanted to invest in it but didn't have the money at the time so was feeling bad but later on the project team abandoned it due to which the coin lost it's major stake and investors looses all their funds.So have also came across new word now JOMO.

You're lucky not to invest in the project because you don't have the money. If you have money and invest in the project but the project turns into a scam or the team leaves the project, you will be very disappointed because you have chosen the wrong project.

Most of us have experienced but are not aware of the term. We invest in up-and-coming projects in the hope that we too can benefit. After the token or coin price does go up, we don't immediately sell it but keep it on hold. And we are too late to sell it while the price plunged to the bottom.

The worst ones are scams right? Like they do rugpull when you imagine they would be doing something great. I saw a project that was basically a copycat of pancakeswap last year, and it was offering both what pancake was offering but some new features on top of it, and I liked it because those features would have made it so much better.

What happened? Of course, they didn't those features, it was all a lie and they just rug pulled by selling all the tokens they had and got away with it. Not that too much happened to them, as far as I know they got away with it and just live a rich life right now whereas we are talking about thousands of people losing that money and I was one of them unfortunately.

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"joy of missing out" excitement for not buying a coin because it was pumping and all of a sudden you see the coin dump so drastically. I agree with you it should always be a two way thing if 'fear of missing out' occurs when one goes into buying a coin because they feel they might miss the next bull run which ends up deceptive times. The joy of it should be for those who ignored the signal

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That's new to me and hilarious. Grin

I think it already happened to me. I just cannot remember the name of the coin well. Felt good about not buying it when all of a sudden it starts being dumped by the whales, just when the hype is in the middle part where investors keep on coming without any idea what they are getting into.
It's not even fully grown but then rapidly disappointed everyone who bought it.

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Quote from: jhonjhon on March 20, 2022, 12:54:04 AM

Sometimes JOMO is the perfect solution to disconnect from everything. Forget about crypto for a period. It is indeed especially important to enjoy life and treat yourself other than crypto every once in a while.

If you want to escape FOMO, then JOMO is the answer.

JOMO is not easily predicted especially when such coin is bumping at it's maximum in the initial stage, at this point, FOMO is applied, JOMO comes in when amidst all odds, despite how much a coin tends to bump, you to observe whole making proper research and analysis.

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Quote from: libert19 on March 16, 2022, 09:36:28 PM

I learned about this word today too. It stands for 'Joy Of Missing Out".

You were thinking of buying a coin and later that coin dumps to oblivion. That's JOMO!

Happened with once or twice back few years when there was project who was in hype and the coins were in demand so as profit motive I also wanted to invest in it but didn't have the money at the time so was feeling bad but later on the project team abandoned it due to which the coin lost it's major stake and investors looses all their funds.So have also came across new word now JOMO.

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Quote from: palle11 on March 19, 2022, 06:44:25 PM

Quote from: passwordnow on March 19, 2022, 05:39:09 PM

People have been feeling betrayed and regret when they've missed the best part of buying it at low but when it starts to dump, the joy kicks in.

That is what JOMO do. When your coins that you want to buy goes higher, you feel bad for missing out but when the dump happen then you feel happy .

Yeah, it's the new thing on the market JOMO. I guess we're going to see it on social medias soon whenever someone shares the meaning of JOMO to their friends. Tongue

Quote from: palle11 on March 19, 2022, 06:44:25 PM

I think the altcoins are not the only coin that can dump because bitcoin itself happen on that most times but the difference is that in the case of bitcoin, it reverts faster than altcoins.

All cryptocurrencies are bound to go up and down but it's unfortunate that many of these altcoins are bound to go down forever because there will be a few of them to remain in the future.

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Quote from: South Park on March 18, 2022, 12:57:40 PM

Quote from: libert19 on March 16, 2022, 09:36:28 PM

I learned about this word today too. It stands for 'Joy Of Missing Out".

You were thinking of buying a coin and later that coin dumps to oblivion. That's JOMO!

This is my first time seeing that acronym, however I will have to say that never happened to me, for most of the time I have been only interested in bitcoin, now there was a time in 2017 in which I got interested in altcoins as well but since then after losing a little bit of money I simple went back to bitcoin and since then I have not looked back, so unfortunately, or fortunately I do not know anymore, I have never experienced JOMO during my whole time in this market.

Everybody at some point has experienced loss in the cryptocurrency market. It happens to everyone but that doesn’t mean that you should quit. There are also other better coins than the one you chose and I believe that if you invest in them you would make good profit the same way that you are making profit from investing in Bitcoin. Even while you are investing in Bitcoin you can still make the wrong choices and lose money.

Unless you are someone who have plans to invest for a long term and you are ready to go for as long as even five years to wait for the market to go through a bullish trend for you to make profit and maybe recover whatever you might have lost.

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Quote from: libert19 on March 16, 2022, 09:36:28 PM

I learned about this word today too. It stands for 'Joy Of Missing Out".
You were thinking of buying a coin and later that coin dumps to oblivion. That's JOMO!

My first time to hear this, JOMO, lol.
Even it is my first time but I already experienced this multiple times. But before that, before we JOMO, we are somehow clueless or have no idea at all. But sometimes you are thankful you didn't enter on that trade and that's JOMO.

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Quote from: palle11 on March 18, 2022, 11:00:14 AM

Quote from: palle11 on March 17, 2022, 08:49:02 AM

Every time in trading we experience both JOMO or FOMO. This is certain to be so with our trading.

Quote from: stompix on March 17, 2022, 04:57:10 PM

How the hell is this even possible?

With the explanation from OP on JOMO , Joy of missing out , when you change your your mind of a trading order and stay out and you the next hour you see direction of price against your earlier position that would have ended you in lose, you are likely to be happy for staying out.

FOMO as you know is fear of missing out. This is opposite of JOMO kind of. In FOMO , you enter an order hoping for profit rather than staying outside. Anyway in FOMO you may lose or gain depending on the eventual direction.

Nope, I still don't get how this is possible with every trade.
The JOMO is the joy of missing out, it happens when you miss an opportunity to buy or sell, you are happy you didn't trade, so if it would happen every time it simply would mean you're not actually trading as you're missing every single one of them. So no, it's impossible to have those two feelings at the same time every time you trade, it's possible to experience both of them while trading but that's obviously something different. No matter how you twist that is logically impossible.

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Sometimes JOMO is the perfect solution to disconnect from everything. Forget about crypto for a period. It is indeed especially important to enjoy life and treat yourself other than crypto every once in a while.

If you want to escape FOMO, then JOMO is the answer.

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Quote from: Maus0728 on March 19, 2022, 06:14:27 PM

Now how I have ever felt the Joy being missed out? We all do, especially when we where to talk about Shitcoins last year that became popular for months and now NFTs that slowly are being populated with scammers and rugpullers. Maybe being experienced in crypto space unlocks such 'joy' that you just preferred not to give a f*ck than spending time and money for nothing.

Is it tho? Nfts and some shitcoins like shiba have increased multi fold.

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Quote from: passwordnow on March 19, 2022, 05:39:09 PM

People have been feeling betrayed and regret when they've missed the best part of buying it at low but when it starts to dump, the joy kicks in.

That is what JOMO do. When your coins that you want to buy goes higher, you feel bad for missing out but when the dump happen then you feel happy . I think the altcoins are not the only coin that can dump because bitcoin itself happen on that most times but the difference is that in the case of bitcoin, it reverts faster than altcoins.

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Quote from: libert19 on March 16, 2022, 09:36:28 PM

I learned about this word today too. It stands for 'Joy Of Missing Out".

You were thinking of buying a coin and later that coin dumps to oblivion. That's JOMO!

Well apparently JOMO is already a word way back in years (as was stompix already have mentioned), it is just that it became more common and common nowadays. Why? People these days tend to eager to learn more about trading to be their side hustle or just something to get a little income from. While the market grows bigger and bigger, trading became somewhat mainstream and FOMO was the most used (of course, most people tends to feel fear not trying things they will soon regret). And when many already felt hey lose more being FOMO-ed, they now prefer being safe than sorry, a better choice tbh.

Now how I have ever felt the Joy being missed out? We all do, especially when we where to talk about Shitcoins last year that became popular for months and now NFTs that slowly are being populated with scammers and rugpullers. Maybe being experienced in crypto space unlocks such 'joy' that you just preferred not to give a f*ck than spending time and money for nothing.

passwordnow

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Quote from: South Park on March 18, 2022, 12:57:40 PM

This is my first time seeing that acronym, however I will have to say that never happened to me, for most of the time I have been only interested in bitcoin, now there was a time in 2017 in which I got interested in altcoins as well but since then after losing a little bit of money I simple went back to bitcoin and since then I have not looked back, so unfortunately, or fortunately I do not know anymore, I have never experienced JOMO during my whole time in this market.

Me too. If you have never experienced JOMO, that's normal. If you're focused with bitcoin and have been holding it, that's a good sign that you're on the right track.
JOMO comes out these days because of the hype through altcoins, particularly to the meme coins. People have been feeling betrayed and regret when they've missed the best part of buying it at low but when it starts to dump, the joy kicks in.

DoublerHunter

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Quote from: libert19 on March 16, 2022, 09:36:28 PM

I learned about this word today too. It stands for 'Joy Of Missing Out".

You were thinking of buying a coin and later that coin dumps to oblivion. That's JOMO!

^ I have been experienced the same on this and fear will begin because thinking that it is possible a trap and after investing the price will drop.
It will only create a fear to invest not the excitement because you know the possibility that anytime the price will drop right after you will invest and probably it is a good time if you will wait until there is a correction. If you believe in the coin that you want to invest in, even if you are JOMOed still that is worth it to invest if the coin has potential.

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Quote from: jrrsparkles on March 19, 2022, 09:40:02 AM

Quote from: libert19 on March 16, 2022, 09:36:28 PM

I learned about this word today too. It stands for 'Joy Of Missing Out".

You were thinking of buying a coin and later that coin dumps to oblivion. That's JOMO!

Many times, especially with ethereum at some point. What about the price dumping simply after you sold that coin?

We need to find a new term for that as well.

Not all things should really be having an specific term.If you do sold out then the price had dump afterwards then that was a close call but on what are the things been stated on op are actually in short of also a

close one on where you had missed out but on a different manner.We do all experience this one on which we had made out some decisions which turns out to be delayed or missed out but turns out to be lucky

since you have seen that the price had plummet out which it do really give out that "phew" word out of your mouth.

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Quote from: Ryker1 on March 19, 2022, 07:43:04 AM

Well if that is so --I have been JOMOed already when I was planning to invest SLP, my friend told me to invest but seeing the graph it was dumped so much but later on it was down and until now I did not yet decide to invest. That is right, it seems that is not a JOMO, it sounds like a fear to invest because you did not sure about the investment.

You're right. What you described in that post isn't JOMO or FOMO. It's FUD – Fear, Uncertainty and Doubt. I checked out the SLP you mentioned. It's not a bad token as such since it has something to do with Axie Infinity and it's a P2E. It's on Binance and many others. However, I'm doubtful if I could buy a token like that because it has an infinite supply. I need to know the maximum supply cap of any crypto I'm investing in before putting my hard earned cash on it. Otherwise I don't buy.

Quote from: jrrsparkles on March 19, 2022, 09:40:02 AM

We need to find a new term for that as well.

I think there's a universal name for it called "Regret"

fullhdpixel

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Quote from: Strongkored on March 18, 2022, 01:27:14 AM

Quote from: libert19 on March 16, 2022, 09:36:28 PM

I learned about this word today too. It stands for 'Joy Of Missing Out".

You were thinking of buying a coin and later that coin dumps to oblivion. That's JOMO!

I feel very JOMO because it never touched at all DeFi when it was still very trending the same as NFT until now there has been none that I have and probably won't at all.

The defi and nft term are too general. Not all defi and nft projects are down and dumping but there are still few of them that manage to become successful now. I do not think you will feel jomo when you saw their positions now.

Investing when they are still starting can be beneficial because they are not in hype yet and there's only few people that invest on them but by the time they became too popular, more people then invest on and that should make their price pump but for now, the hype for defi and nft are slowly declining. I think investing on them is not really that recommended anymore. If you want to invest just go on the top coins.

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Quote from: libert19 on March 16, 2022, 09:36:28 PM

I learned about this word today too. It stands for 'Joy Of Missing Out".

You were thinking of buying a coin and later that coin dumps to oblivion. That's JOMO!

Many times, especially with ethereum at some point. What about the price dumping simply after you sold that coin?

We need to find a new term for that as well.

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Quote from: libert19 on March 16, 2022, 09:36:28 PM

I learned about this word today too. It stands for 'Joy Of Missing Out".

You were thinking of buying a coin and later that coin dumps to oblivion. That's JOMO!

Yes so many times. In fact this has happened equal number of times as FOMO so many times I think of buying a coin and see it sinking next day and I get so happy. Also many times I was about to sell a long held coin but then I see it mooning the next day. But generally people will see that happening lesser number of times because we don't follow the trades that we have not taken. We generally only see the charts of the coins that we have brought and then continuously regret about buying or selling it.

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Well if that is so --I have been JOMOed already when I was planning to invest SLP, my friend told me to invest but seeing the graph it was dumped so much but later on it was down and until now I did not yet decide to invest. That is right, it seems that is not a JOMO, it sounds like a fear to invest because you did not sure about the investment. Sometimes it comes to my mind not to invest because I am afraid that the price will down soon and it will perhaps be the reason my investment will trap and need to wait for more time until it will recover. Whatever it is, --^{[JOMO or FOMO]} are the same meaning to, we should always have faith to bitcoin, hold as long as you can.

BITCOIN4X

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Quote from: South Park on March 18, 2022, 12:57:40 PM

This is my first time seeing that acronym, however I will have to say that never happened to me, for most of the time I have been only interested in bitcoin, now there was a time in 2017 in which I got interested in altcoins as well but since then after losing a little bit of money I simple went back to bitcoin and since then I have not looked back, so unfortunately, or fortunately I do not know anymore, I have never experienced JOMO during my whole time in this market.

Yep, I experienced it in 2018 when I bought a number of altcoins at a price of $2-$3 per coin to hold on to for the long term. But in reality I had to experience JOMO and the altcoin never again reached its ATH to this day. I had to sell all those altcoins even when I had to bear a loss of $2 per coin, it was a unique experience at the beginning of my introduction to cryptocurrency. But we can certainly have different things with bitcoin where over time we have experienced historic times with impressive price increases.

However, anyone who bought at ATH last December, today they experience JOMO for their investment. But given the good potential in the future, they must be patient to see a bigger improvement in the next 1-5 years.

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Oh, mine! I've JOMOed a lot if I looked at it now, both in trades and investments. It's a great feeling to have if one had once experienced it. I'm cocksure every active trader and investor would've encountered such moments where they were extremely happy they stayed off a trade or investment that later went sour. Nothing beats that happiness and chest beating with a knowing smile that one was sagacious enough to have listened to an inner voice.

Quote from: Ararbermas on March 18, 2022, 05:47:18 AM

i mean when you buy because for you it's the right time of course there's a joy and fear at the same time. Lol

If you experience fear after buying in, it's called doubt. Fear before buying in is quite understandable but fear after buying in isn't a good sign.

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Quote from: Oshosondy on March 18, 2022, 06:26:56 AM

According to coinmarketcap, Zugacoin is still trading on IndoEx, PancakeSwap and BankCex with a very low liquidity confidence in the three exchanges, it is a coin not even to go for even when the price is so low at this time, it is just one of the shit coins that could later become dead, if the liquidity is very low on the exchanges it is listed, very possible the developers of the coins still finding ways to sell it to make more money or those that are trapped just want to sell.

Those type of projects usually handle it with care by the creators. They know that they could make a lot of money from it even with low liquidity, after all they only need to collect as much as they can and sell at a higher price and keep doing that. If they could realistically keep on buying at a lower level and sell at a higher level then they will do that to make it look like there is still a chance to make money.

This does allow a few people to make money, only some investors until it goes down, but then they will take it higher again and so forth. I have been in crypto long enough to see this happen to most coins and they all eventually die when the creators stop.

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Quote from: libert19 on March 16, 2022, 09:36:28 PM

I learned about this word today too. It stands for 'Joy Of Missing Out".

You were thinking of buying a coin and later that coin dumps to oblivion. That's JOMO!

This is my first time seeing that acronym, however I will have to say that never happened to me, for most of the time I have been only interested in bitcoin, now there was a time in 2017 in which I got interested in altcoins as well but since then after losing a little bit of money I simple went back to bitcoin and since then I have not looked back, so unfortunately, or fortunately I do not know anymore, I have never experienced JOMO during my whole time in this market.

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Quote from: palle11 on March 17, 2022, 08:49:02 AM

Every time in trading we experience both JOMO or FOMO. This is certain to be so with our trading.

Quote from: stompix on March 17, 2022, 04:57:10 PM

How the hell is this even possible?

With the explanation from OP on JOMO , Joy of missing out , when you change your your mind of a trading order and stay out and you the next hour you see direction of price against your earlier position that would have ended you in lose, you are likely to be happy for staying out.

FOMO as you know is fear of missing out. This is opposite of JOMO kind of. In FOMO , you enter an order hoping for profit rather than staying outside. Anyway in FOMO you may lose or gain depending on the eventual direction.

slaman29

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I thought I've seen it all but I guess there's always a new term to learn haha.

But yes, for sure, I've always taken all of my lessons learnt from ICO days. And sure I miss out on many but I also missed out on many scams just by choosing to no longer support fundraising projects. JOMO is nice

I remember there's an old term I used to see in Pump and Dump groups: YODO: You Only Dump Once!

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Quote from: Maestro75 on March 18, 2022, 02:51:37 AM

Zugacoin (SZCB) is still trading on three exchanges and Pancakeswap is one of them. Current price is at $511. You can find that on coinmarketcap. Information on coinmarketcap shows that it reached peak price at $285,677 and that was in September 2021. I find it unbelievable still. How did it get to that price and not much was said about it last year? Wakanda Inu is a shitcoin like most memecoins. Those who out their money in it only wanted to risk it. Some got out with profit while some got trapped there.

According to coinmarketcap, Zugacoin is still trading on IndoEx, PancakeSwap and BankCex with a very low liquidity confidence in the three exchanges, it is a coin not even to go for even when the price is so low at this time, it is just one of the shit coins that could later become dead, if the liquidity is very low on the exchanges it is listed, very possible the developers of the coins still finding ways to sell it to make more money or those that are trapped just want to sell.

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Quote from: libert19 on March 16, 2022, 09:36:28 PM

I learned about this word today too. It stands for 'Joy Of Missing Out".

You were thinking of buying a coin and later that coin dumps to oblivion. That's JOMO!

JOMO and FOMO seems the same for me in my view although their acronyms are not but still as is. Cheesy

i mean when you buy because for you it's the right time of course there's a joy and fear at the same time. Lol

Flexystar

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I did JOMO many times but this is first time I am hearing about this word. The word is coined in proper way explaining my situation; lolz. I think it is both way correct whether you buy a coin and then it goes down OR when I am selling my portfolio thinking that I have already profited enough but then the next thing I see whole crypto is going up like heaven. Wink

I think that is also JOMO. As you see you could have had more profits as compared to what you might have got by selling early. I think FOMO, JOMO these are the words with which we live up the crypto!

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Quote from: libert19 on March 16, 2022, 09:36:28 PM

I learned about this word today too. It stands for 'Joy Of Missing Out".

You were thinking of buying a coin and later that coin dumps to oblivion. That's JOMO!

Hahahahaha! I currently only buy, and HODL Bitcoin. I have not felt the JOMO feeling in a very very long time. There was a few months when I was in my days as a "day-trader" that I felt that very laughable feeling. I believe there are JOMO feelings everywhere during the current stage of the market.

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Quote from: Oshosondy on March 17, 2022, 04:25:59 AM

This has happened to me two times before, the first was a stupid coin which is like a scam coin called Samzuga coin, I do not think the coin is still existing, the price dumped around that time from over $200000 to $6000. Another coin is Wakanda Inu, if I bought it, I would be losing by now.

Zugacoin (SZCB) is still trading on three exchanges and Pancakeswap is one of them. Current price is at $511. You can find that on coinmarketcap. Information on coinmarketcap shows that it reached peak price at $285,677 and that was in September 2021. I find it unbelievable still. How did it get to that price and not much was said about it last year? Wakanda Inu is a shitcoin like most memecoins. Those who out their money in it only wanted to risk it. Some got out with profit while some got trapped there.

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Quote from: libert19 on March 16, 2022, 09:36:28 PM

I learned about this word today too. It stands for 'Joy Of Missing Out".

You were thinking of buying a coin and later that coin dumps to oblivion. That's JOMO!

I feel very JOMO because it never touched at all DeFi when it was still very trending the same as NFT until now there has been none that I have and probably won't at all.

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Quote from: Johnyz on March 17, 2022, 04:43:34 PM

Most probably you lose to get in early and that’s why you also miss the opportunity to make money in short term but at least you’re safe in long term because of the price dump and maybe that project turns into a scam project. I usually feel this when I see new tokens, they pump at first with a good hype but after a month the price starts to correct until it hit the bottom, so yeah there’s a joy on that for not buying.

When you had just missed out something then you would just make yourself to be relieved when you see the the prices had plumetted down neither it was just too short or too long of a wait.

Im not surprised that there are lots of Abbreviations been created here on the community which is really truly happening in the market on which most of these situations do get involved with
your emotion.

This is why you should really be that wise on making out decisions but it isnt bad to hesitate and make out some second thoughts basing up on the situation.

stompix

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So it appears there is a race of creating new terms
Forget FOMO! We're now more likely to suffer from FOJI, MOMO and JOMO

FOMO Fear of missing out
FOBO Fear of a better option
FOJI Fear Of Joining In
JOMO Joy Of Missing Out
FOMOMO The fear of the mystery of missing out
SLOMO slow to missing out
MOMO Mystery of missing out
BROMO When your 'bros' (friends) protect you from missing out

And my personal contribution
FOSI, Fear of Surfing the internet - cause it might lead you to discoveries like this!

Quote from: thirdeyeopen76 on March 16, 2022, 09:57:08 PM

Hundreds or times with btc. Bought some when it 3000 ish & knew it would get to 10k plus but couldnt pull the trigger for more than a few thousand. Sickening feeling.

That's not joy of missing out, it was fear of risking your money.

Quote from: palle11 on March 17, 2022, 08:49:02 AM

Every time in trading we experience both JOMO or FOMO. This is certain to be so with our trading.

How the hell is this even possible?

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Quote from: el kaka22 on March 17, 2022, 12:41:37 PM

This has happened to me with many NFT projects and games for sure. There has been plenty of play to earn games that I wanted to join, I love playing games, that is what I do if I ever have some free times, and playing a game and making money sounded awesome.

From as high as axie infinity which dropped significantly and would have been a terrible investment to as old as F1 detla time which just got license revoked eventually, we are talking about plenty of projects that are getting horrible instead of any better. So, I definitely felt that JOMO in some cryptocurrencies and some tokens but mainly it was in most of the play to earn tokens for sure.

For sure there are many P2E tokens that are expensive before that are now struggling. So yes, that's JOMO for us. Grin

Before, there's FOMO, and now JOMO. There will be a lot more of these abbreviations that people will try to create. So if you are a newbie here, you will encounter this kind of notation and you will wonder what the h*ck does it mean? Grin

Quote from: Johnyz on March 17, 2022, 04:43:34 PM

Most probably you lose to get in early and that’s why you also miss the opportunity to make money in short term but at least you’re safe in long term because of the price dump and maybe that project turns into a scam project. I usually feel this when I see new tokens, they pump at first with a good hype but after a month the price starts to correct until it hit the bottom, so yeah there’s a joy on that for not buying.

Most of these coins you will see have no solid foundation to begin with. So the dev team involved will opt to pump and dump only to gain money. And then exit the game. You will understand it once you get to know their site, whitepaper, roadmap. You can basically get an insight on where they are heading to.

Johnyz

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Most probably you lose to get in early and that’s why you also miss the opportunity to make money in short term but at least you’re safe in long term because of the price dump and maybe that project turns into a scam project. I usually feel this when I see new tokens, they pump at first with a good hype but after a month the price starts to correct until it hit the bottom, so yeah there’s a joy on that for not buying.

Hamphser

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Quote from: libert19 on March 16, 2022, 09:36:28 PM

I learned about this word today too. It stands for 'Joy Of Missing Out".

You were thinking of buying a coin and later that coin dumps to oblivion. That's JOMO!

Havent heard out but you had mentioned or said it already then this is the only time i do heard of. LOL!

It would really be just totally opposite of "Fear" in "FOMO" which you could also say that it was just a good call that you had hesitate into those times that you do make out some decision
whether you do go for it or not.

This is why intuition and emotion is one of the factors to decide whether you do succeed into this industry or not or just on that particular investment situation.

Scripture

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Quote from: libert19 on March 16, 2022, 09:36:28 PM

I learned about this word today too. It stands for 'Joy Of Missing Out".

You were thinking of buying a coin and later that coin dumps to oblivion. That's JOMO!

This is also my first time to hear about this word and yes, I feel this most of the time especially if there’s a new token that is being hyped in the market and later on, they became a scam project so I’m really happy that I didn’t fall for that fake project and lose the money. JOMO is a normal emotion that we can express if we are safe from the scam projects, this is the best result of analyzing before buying.

maydna

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Usually, people will be sad if they lose instead of happy, mainly because they missed selling at a high price. But some people don't feel anything even though the price has gone up or even fallen further down.

If you buy coins without research, it is equivalent to you being gambling and putting it all on your luck. That's not a good thing to do, although some often do it.

The advantages and disadvantages are always there, and it's up to you which one you choose Grin

el kaka22

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This has happened to me with many NFT projects and games for sure. There has been plenty of play to earn games that I wanted to join, I love playing games, that is what I do if I ever have some free times, and playing a game and making money sounded awesome.

From as high as axie infinity which dropped significantly and would have been a terrible investment to as old as F1 detla time which just got license revoked eventually, we are talking about plenty of projects that are getting horrible instead of any better. So, I definitely felt that JOMO in some cryptocurrencies and some tokens but mainly it was in most of the play to earn tokens for sure.

Sterbens

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These terms are now starting to vary, JOMO, FOMO and the like are just terms for people who don't have research first and prioritize value with 100x more profit insights. Because ideally investing or trading to avoid the mention of it should be avoided because it drops money in it.

Maybe not a few of us have experienced the condition of JOMO or Joy Of Missing Out, whatever it is called because this is just a sign that attaches attributes to them to start with the wrong step. It's not how many times we are fooled by sudden pump and dump prices, but how many times we can learn to avoid these moves.

palle11

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Quote from: zidanw on March 17, 2022, 02:47:10 AM

Vocabulary of the day, this is my first time learning that word. Well it looks like it suits the phrase we have FOMO which is fear of missing out, right now I feel JOMO since I was planning to short on BTC but slept and forgot to open up a short trade but now it pumps to $41k and now I feel Joy in missing out and happy that I didn't open a trade yesterday my position probably liquidated by now.

This is a good analysis of JOMO as I understand with OP but as I trader, you have no need of JOMO because you will soon take a wrong decision that will trap you inside it and depending on how deep you fall, you may get out faster or sink further. Every time in trading we experience both JOMO or FOMO. This is certain to be so with our trading.

AicecreaME

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FOMO (Fear Of Missing Out) is still the right term for this, I think. Because of your emotion that wants you not to be left out by the crowd, you bought a coin that you never even know, never done a research, you just bought it with just pure hype and ended up being disappointed because like what you've said, it dump to the earth.

The lesson is don't be afraid if you missed some opportunities in cryptocurrency, there's always a lot of opportunities that's gonna come, you just have to be patient to make profits.

Captain Corporate

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I could say I had that with a trading bot, I do not know if that counts? I used a very good bot back in the day, and I was a reseller of it as well. I am not going to name it because I do not want this message to sound like a shill message, but it was really a good one. However, just before that I was looking at another one and I decided not to go with that one, I decided to pick the one I spent a few years with. If I picked the first one, I have seen that it had so much trouble that it literally made people poorer instead of making them money with all kinds of bugs and problems that it had. Thank god I picked the one I did, otherwise I would have been poorer, whereas the one I picked made me a bit richer.

Wexnident

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I've stopped experiencing "missing out" on any investment after I started DCA'ing. Oh, the joy of not having to think of what to do and where to invest has made my life so much easier. Ik it wouldn't return as much profit as people who actively look for new investments, but in the first place, I never planned on making trading my main source of income. I have entered a few new investments here and there but since I was one of the early adopters, I never really experienced the dumps that followed after the initial hype, in fact, I profited so I never really felt that. That experience is more of a late investor type of feeling I think?

tbct_mt2

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Mots of people are more keen on FOMO, Fear of Missing Out, not JOMO.

JOMO is more favorite by people who already understand and experience loses from FOMO. Only very smart and flexible, adaptive people can change from FOMO to JOMO after one or a few minor loses. Most of them only are able to change after they get enough serious loses but it is not too late for people who can change themselves from approaches for losers to ones for winners.

joeperry

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We invented a few acronyms from cryptocurrency such as HODL and now JOMO. I didn't actually understand this: "You were thinking of buying a coin and later that coin dumps to oblivion. That's JOMO!"
You were thinking and you bought? or you were thinking of buying and didn't buy at all? then it dumps? if it was the second one, before I call it luck but now it looks like I'm going to call it now a JOMO lol.

boyptc

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Quote from: libert19 on March 16, 2022, 09:36:28 PM

I learned about this word today too. It stands for 'Joy Of Missing Out".

You were thinking of buying a coin and later that coin dumps to oblivion. That's JOMO!

I thought that it was just a typo but some nice meaning we've got there.

I've got that feeling before but only a few times. I can't remember those coins that I've thought of I should bought at that time but when I've look after a day, they've dumped really badly.

Well, just an experience that everyone is really going to have. Maybe for the others when it's about bitcoin's peak and they were about to buy but eventually it had dropped.

Oshosondy

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Quote from: libert19 on March 16, 2022, 09:36:28 PM

You were thinking of buying a coin and later that coin dumps to oblivion. That's JOMO!

This has happened to me two times before, the first was a stupid coin which is like a scam coin called Samzuga coin, I do not think the coin is still existing, the price dumped around that time from over $200000 to $6000. Another coin is Wakanda Inu, if I bought it, I would be losing by now.

But in case of good coins like Bitcoin, I have no regret that I bought it, even I remember when I bought bitcoin at $8200, it dumped to $3800 but it later increased but it pained me I sold it at $15000.

Smartvirus

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Be it JOMO or DOMO, there are times these events would get to play put in our lives and its largely dependent on your timing as, trades do bounce back. So, your timing will be the best way to tell if you would have been on lose all along to have taken a trade or on profit. Although, one thing is for sure and common amongst these events, they both provides an avenue for learning and building of your experience about life events and the activities of the market, should you be smart enough to take notes.
Although, there is one thing I would always note, " that the profit or lose that reads on a chart was never yours, if you weren't in the trade". Hence, there is little or no reason for regrets.

zidanw

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Vocabulary of the day, this is my first time learning that word. Well it looks like it suits the phrase we have FOMO which is fear of missing out, right now I feel JOMO since I was planning to short on BTC but slept and forgot to open up a short trade but now it pumps to $41k and now I feel Joy in missing out and happy that I didn't open a trade yesterday my position probably liquidated by now.

mk4

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Quote from: thirdeyeopen76 on March 16, 2022, 09:57:08 PM

Hundreds or times with btc. Bought some when it 3000 ish & knew it would get to 10k plus but couldnt pull the trigger for more than a few thousand. Sickening feeling.

No, what you've described is DOMO or Disappointment of missing out. 🤪

Jokes aside, maybe at some point you're going to realize that trying to time buys is a really bad idea and just DCA-ing is the way?

thirdeyeopen76

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Quote from: libert19 on March 16, 2022, 09:36:28 PM

I learned about this word today too. It stands for 'Joy Of Missing Out".

You were thinking of buying a coin and later that coin dumps to oblivion. That's JOMO!

Hundreds or times with btc. Bought some when it 3000 ish & knew it would get to 10k plus but couldnt pull the trigger for more than a few thousand. Sickening feeling.

libert19

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I learned about this word today too. It stands for 'Joy Of Missing Out".

You were thinking of buying a coin and later that coin dumps to oblivion. That's JOMO!

Topic: Do you ever JOMO? (Read 602 times)