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Halime Anatolia

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Quote from: Wind_FURY on May 18, 2023, 09:55:36 AM

Quote from: logfiles on May 18, 2023, 09:19:21 AM

That's not fear of missing out if you didn't buy any PEPE coin after the pump. FOMO becomes much more meaningful if a trader rushes to buy a coin at the top after the pump and then, shortly afterward, the coins dumps.

But then, there are still more opportunities out there, don't focus and regret on the missed opportunities. Always look forward Wink

He should wait for such coins to crash and burn, then he could JOMO - Joy Of Missing Out, then laugh at those who FOMOed and rushed to buy at the top.

Plus OP, check the largest holders of those coins and check the market liquidity. There will not be enough liquidity for all of them to sell.

Yes. I do not dispute what you say is true. for me fomo is synonymous with the feeling of being left behind because you don't participate in buying coins/tokens..we see the strongest effect like the PEPE coin or something else. But. If hit the jackpot, you can buy a car. I think it's a sensation when it works.

monineklutak

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Quote from: Bolivar_Tony on May 27, 2023, 12:41:56 AM

Quote from: Stef_C on May 18, 2023, 08:57:59 AM

FOMO - Fear of missing out.

For me, it was actually this year. I actually looked for a $pepe coin around January, because of my love for Pepe Lore memes and couldn’t find anything. Now I missed out on a meme coin of a lifetime.

Crypto is all about taking risk, in fact that's how life works in generally, there is no way you can actually detect the next coin that will pump so that you can put money into it, so it's all about taking calculated risk by putting some amount you can afford to lose on some coins you have some level convention that it will go up... If it works out, then lucky, if it doesn't work out then you try again until you hit the jack pot

Basically it is like that and when taking risks, of course there must be a basis, namely by doing research and analysis first,
make a decision without doing that i think it would make it much more risky,
who clearly take risks also need a strategy.

Bolivar_Tony

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Quote from: Stef_C on May 18, 2023, 08:57:59 AM

FOMO - Fear of missing out.

For me, it was actually this year. I actually looked for a $pepe coin around January, because of my love for Pepe Lore memes and couldn’t find anything. Now I missed out on a meme coin of a lifetime.

Crypto is all about taking risk, in fact that's how life works in generally, there is no way you can actually detect the next coin that will pump so that you can put money into it, so it's all about taking calculated risk by putting some amount you can afford to lose on some coins you have some level convention that it will go up... If it works out, then lucky, if it doesn't work out then you try again until you hit the jack pot

wxa7115

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Quote from: ethereumhunter on May 21, 2023, 11:11:30 PM

I used to have an incident where I bought the wrong coin, which made me suffer a loss, although not much. But I've spent a lot of time looking for it and when I found that the coins weren't going up, I was disappointed. But it was all a lesson for me and I hope not to repeat it next time. And I agree that finding coins like Pepe really takes time to identify them. We also have to avoid the temptation of certain media inviting us to buy one or two new coins we don't know about.

The issue is that in fact coins like PEPE are everywhere, what we do not know is why a particular coin gets immense success while many others fail, now in the case of a coin like bitcoin this is easy to explain, as the fundamentals of bitcoin are so strong that a whole market sprout around it.

However we cannot explain the success of PEPE in the same way, PEPE is just a meme coin that captured the imagination of meme coins investors, however just as PEPE got that success it could have happened to any other coin, as there is no reason we can name which can explain why PEPE became that successful.

Rampagoe004

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I have many years in the crypto community. And FOMO is a natural thing to happen because of our ignorance and our fear of speculation. And the way to minimize FOMO is patience. Therefore I prefer to be a long-term investor who applies the buy and run principle. Grin

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Quote from: Fesatmas on May 21, 2023, 10:39:26 AM

Quote from: ethereumhunter on May 21, 2023, 05:29:54 AM

I'm surprised you didn't find anything. Or maybe you missed something that keeps you from investing in PEPE coin? I saw that some people could buy PEPE coins even when the price started to increase and finally, they could get profits like the people who bought it at the beginning before the launch.

You have to look for more so you don't miss something and can invest in the coins you want. There are still many new coins like PEPE but you have to look for them in more detail.

Finding coins that have the potential to pump like pepe are very difficult to obtain me, like you are looking for a needle in a straw pile, a lot of meme tokens are released and we cannot identify it clearly even though we do a careful search, meme coins that have potential pump moments like that are very Rare, unless you have news from insiders that they will do a pump on certain coins, maybe you can have that opportunity.

I used to have an incident where I bought the wrong coin, which made me suffer a loss, although not much. But I've spent a lot of time looking for it and when I found that the coins weren't going up, I was disappointed. But it was all a lesson for me and I hope not to repeat it next time. And I agree that finding coins like Pepe really takes time to identify them. We also have to avoid the temptation of certain media inviting us to buy one or two new coins we don't know about.

JeffBrad12

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Quote from: DeathAngel on May 21, 2023, 11:21:27 AM

I have been the victim of FOMO many times over the years. From FOMO’ing into meme coins too late to FOMO’ing my fiat bags into bitcoin too early in a bear market, missing the bottom by quite a big %.

It’s important to have patience though & be willing to HODL for many years to maximise your profits. You need to be able to sit underwater for a year or more to wait for your bags to get back in the green. Everybody knows about DCA, that’s a good way to avoid FOMO. Just always be calm & trade with a clear head, no snap decisions.

one could even get saved from having incurred massive loss from FOMO just with patience, if the coin is good enough fundamentally, just hold it.
there have been many cases of doge holders that get fomo'd yet they just decided to hold their coin altogether all the way until few years into the future where they
quite literally make greatest save of all the time turning their loss into some massive profits after elon is shilling for their coin.
that's one way to avoid losing other than just cut loss which gravely means there's no method to save it anymore.

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Quote from: timoshani on May 21, 2023, 04:19:23 PM

Quote from: Stef_C on May 18, 2023, 08:57:59 AM

FOMO - Fear of missing out.

For me, it was actually this year. I looked for a $pepe coin around January, because of my love for Pepe Lore memes and couldn’t find anything. Now I missed out on a meme coin of a lifetime.

It seems to me that the trend is just beginning. Meme coins did not show themselves. Except for Shiba, of course. But with the all-new, everybody should be careful, because you can simply invest in the sheetcoin and fly out into the pipe. I am still distrustful of such coins. Therefore, I would not consider it FOMO.

I think generally we should avoid meme coins most especially those that created a lot of hype in recent times because the worst thing every investor will do is to jump on a meme coin while not at its pump stage. After all, that could result in a great setback that could come along while holding those coins.

We are beginning to see a new trend that points to a direction that could not be favorable for late investment unless you ready to gamble with your money.

timoshani

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Quote from: Stef_C on May 18, 2023, 08:57:59 AM

FOMO - Fear of missing out.

For me, it was actually this year. I actually looked for a $pepe coin around January, because of my love for Pepe Lore memes and couldn’t find anything. Now I missed out on a meme coin of a lifetime.

It seems to me that the trend is just beginning. Meme coins did not show themselves. Except for Shiba, of course. But with the all-new, everybody should be careful, because you can simply invest in the sheetcoin and fly out into the pipe. I am still distrustful of such coins. Therefore, I would not consider it FOMO.

panganib999

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Quote from: Stef_C on May 18, 2023, 08:57:59 AM

FOMO - Fear of missing out.

For me, it was actually this year. I actually looked for a $pepe coin around January, because of my love for Pepe Lore memes and couldn’t find anything. Now I missed out on a meme coin of a lifetime.

You did not get fomo'ed. In fact the opposite happened to you, you regretted not jumping in on a coin of a lifetime. But fret not, with things coming up there's a huge chance another meme coin that could be better than PEPE's gonna come around within our lifetime at least. Don't let this loss take over your mental. It's tremendously sad I know, I'm one of those who wished I could've cashed in no PEPE when I had the chance but I just missed it because life happens, and instead of succumbing to the sadness it brings I just focused on making sure that my portfolio's strong and intact you know. That's the very least you can do right now I think.

Again, don't make a single mistake define your character, don't let a single missed opportunity ruin your chance at a better open door next time. Carry on with investing and be better everyday.

Victorik

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Quote from: TastyChillySauce00 on May 20, 2023, 06:48:30 PM

Quote from: Victorik on May 19, 2023, 08:37:10 AM

I think you don't really get the concept of fomo. Fomo happens when you buy a token because it appears to be the rave of the moment and everyone seems to be buying it, and then you end up buying at ATH.

He has not yet understand about that. He was missing the pump that means he acts nothing for sure. I don't even know how he was determining the meant of FOMO. He missed opportunity but he has not ended FOMOing pepe caused by he was not even buying it.

I don't really know what aspect that makes him gets FOMO here. Am i missing something or what from his post?
Cheesy

He didn't buy the token and as such he only missed an opportunity. But I think he still doesn't understand what it means to fomo. Maybe he will learn that from here now.

Yatsan

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Quote from: DeathAngel on May 21, 2023, 11:21:27 AM

I have been the victim of FOMO many times over the years. From FOMO’ing into meme coins too late to FOMO’ing my fiat bags into bitcoin too early in a bear market, missing the bottom by quite a big %.

It’s important to have patience though & be willing to HODL for many years to maximise your profits. You need to be able to sit underwater for a year or more to wait for your bags to get back in the green. Everybody knows about DCA, that’s a good way to avoid FOMO. Just always be calm & trade with a clear head, no snap decisions.

For sure many of us here were carried by FOMOs especially on our early years. It is not surprising simply becaue we lacked knowledge on our start and the only and easiest thing to do is to ride the 'wave' hoping for a favorable outcome. As we learn new things in this industry, we also adopt with uncertainties. Perhps FOMOs can be taken advantage of. FOMOs sinply create a demand or either a decline to market prices and if you would be able to know which action to make as in line with the FOMO idea, then profit is more likely to be earned.

It has something to do with experience. Most of the new ones are dependent with news alone wherein they base whether they should sell or buy in that instance. So I'd say FOMO is not a bad thing totally.

DeathAngel

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I have been the victim of FOMO many times over the years. From FOMO’ing into meme coins too late to FOMO’ing my fiat bags into bitcoin too early in a bear market, missing the bottom by quite a big %.

It’s important to have patience though & be willing to HODL for many years to maximise your profits. You need to be able to sit underwater for a year or more to wait for your bags to get back in the green. Everybody knows about DCA, that’s a good way to avoid FOMO. Just always be calm & trade with a clear head, no snap decisions.

Fesatmas

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Quote from: LastKiss on May 21, 2023, 03:46:35 AM

Quote from: Stef_C on May 18, 2023, 08:57:59 AM

FOMO - Fear of missing out.

For me, it was actually this year. I actually looked for a $pepe coin around January, because of my love for Pepe Lore memes and couldn’t find anything. Now I missed out on a meme coin of a lifetime.

FOMO is usually affecting new people in the crypto space because we often see new people in crypto just want a quick profit from altcoins that's why many pump and dump altcoins almost like 100% in a day or within a few hours. If you missed out $PEPE then you can always look for other altcoins with your own research, don't easily fall to FOMO because an altcoin become trending.

Yep, usually Fomo is more easily exposed to new players in the world of crypto, or traders who are thirsty for profits, it will be easily provoked to make purchases because the hype is experiencing a significant increase, especially meme coins, it is very difficult if for the long term.

Quote from: ethereumhunter on May 21, 2023, 05:29:54 AM

I'm surprised you didn't find anything. Or maybe you missed something that keeps you from investing in PEPE coin? I saw that some people could buy PEPE coins even when the price started to increase and finally, they could get profits like the people who bought it at the beginning before the launch.

You have to look for more so you don't miss something and can invest in the coins you want. There are still many new coins like PEPE but you have to look for them in more detail.

Finding coins that have the potential to pump like pepe are very difficult to obtain me, like you are looking for a needle in a straw pile, a lot of meme tokens are released and we cannot identify it clearly even though we do a careful search, meme coins that have potential pump moments like that are very Rare, unless you have news from insiders that they will do a pump on certain coins, maybe you can have that opportunity.

carrie_white

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While FOMO can be used in any social or business circumstance, FOMO in the crypto industry specifically refers to an intense feeling that you are missing out on the next big thing in the crypto space, and subsequently the opportunity to make large profits.

ethereumhunter

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I'm surprised you didn't find anything. Or maybe you missed something that keeps you from investing in PEPE coin? I saw that some people could buy PEPE coins even when the price started to increase and finally, they could get profits like the people who bought it at the beginning before the launch.

You have to look for more so you don't miss something and can invest in the coins you want. There are still many new coins like PEPE but you have to look for them in more detail.

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Quote from: Stef_C on May 18, 2023, 08:57:59 AM

FOMO - Fear of missing out.

For me, it was actually this year. I actually looked for a $pepe coin around January, because of my love for Pepe Lore memes and couldn’t find anything. Now I missed out on a meme coin of a lifetime.

FOMO is usually affecting new people in the crypto space because we often see new people in crypto just want a quick profit from altcoins that's why many pump and dump altcoins almost like 100% in a day or within a few hours. If you missed out $PEPE then you can always look for other altcoins with your own research, don't easily fall to FOMO because an altcoin become trending.

wxa7115

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Quote from: Stef_C on May 18, 2023, 08:57:59 AM

FOMO - Fear of missing out.

For me, it was actually this year. I actually looked for a $pepe coin around January, because of my love for Pepe Lore memes and couldn’t find anything. Now I missed out on a meme coin of a lifetime.

You have understood this term the wrong way, FOMO happens when an investor looks at an asset that is going up in value and fearing they could miss on getting some of those profits they buy very late into the movement.

This is a risky proposition as such a pump is most of the time the result of a hype which cannot be sustained and which could cause you to lose a lot of money if you are not careful, you missed investing on this coin but at the same time you were disciplined enough to not do so when the price was very high, so while I can see why you are regretting this, you still have all your capital intact and you can invest in any other coin you may like.

shinratensei_

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FOMO is just you wanna buy just because other people is also buying some asset thinking you might gonna miss your chance of having massive life turning opportunity of investing yet instead you just become exit liquidity for those earlier than you.

I don't think you missing investing in meme coin and didn't decide to invest in this case could be called fomo instead you just missing an opportunity and thats it.

it's most certainly better than getting real fomo'd like if you invested thousands of dollars and then within few days the trend fading you literally lost 95% of your investment value.

You could always encounter chance of other meme coin rallying in the future but I doubt you could ever regain the same value that you just lost from the same investment.

TastyChillySauce00

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Quote from: Victorik on May 19, 2023, 08:37:10 AM

I think you don't really get the concept of fomo. Fomo happens when you buy a token because it appears to be the rave of the moment and everyone seems to be buying it, and then you end up buying at ATH.

He has not yet understand about that. He was missing the pump that means he acts nothing for sure. I don't even know how he was determining the meant of FOMO. He missed opportunity but he has not ended FOMOing pepe caused by he was not even buying it.

I don't really know what aspect that makes him gets FOMO here. Am i missing something or what from his post?
Cheesy

Topic: FOMO (Read 368 times)