FOMO: fear of missed opportunities, can you feel it?

Pursuer

legendary

Activity: 1638

Merit: 1163

Where is my ring of blades...

Quote from: WorldBiz project on March 31, 2018, 12:33:11 AM

Lots of traders suffer from FOMO and thus make not very smart decisions. Do you have this feeling that you need to buy now not to miss the deal?

feeling the need to buy now is not necessarily a FOMO!
in fact these days are considered good days for buying bitcoin because it IS in a dip and no matter what happens next you are buying it at a lower price than it was before, and to be exact price went as low as 67.5% below the ATH and came back up a little afterwards. so buying in that dip meant a nice 10% profit in only one day and that is just for short term.

Herbert2020

legendary

Activity: 1946

Merit: 1137

someone who is buying stuff because of Fear Of Missing Out is not a trader. you will see them call themselves traders but it won't make them one. they are in fact gamblers who are fooling themselves and meanwhile are messing up the whole market with their irrational decisions. and finally they will all end up in a big loss one way or another.

WorldBiz project

newbie

Activity: 84

Merit: 0

Lots of traders suffer from FOMO and thus make not very smart decisions. Do you have this feeling that you need to buy now not to miss the deal?

Topic: FOMO: fear of missed opportunities, can you feel it? (Read 107 times)