you can avoid fomo because you are the one that control yourself and not others not unless you are the one that creates the fomo or the master mind . i never join the fomo my self but i just watch them , i only move on my own and never regreted anything . fomo is bad because its simillar as manipulation , you will only help the master mind of the fomo to do what he wanted to do . its like we are a slave to them , you guys want that to happen ?
It takes a wo/man years of experience to be able to do this and then stick to it because the FOMO wind is a strong one. Otherwise you would be caught in it through reflexes. However, we can always look on the bright and positive side to FOMO (that's what I do), it's not that always bad to follow the tide. Just don't be caught in the web. Go in early and then run when others continue to scream "buy more, buy more" 
Topic: FOMO In Crypto; How to identify It (Read 931 times)
We can't certainly avoid FOMO and pass through it because we like it or not, people will still get hit on that. Maybe I or even you, we all that possibility especially we don't know what it happens next and that changes are also inevitable.
I agree, FOMO is one thing that can hardly be avoided in this space no matter how careful you might seems too be because if you are too cautious of FOMO amd you can't all ties with it, you'll definitely miss out on great market opportunity such as hypes and dumps. One can avoid both FOMO and emotions for so much but frankly speaking, those to contributes greatly to profitable trading as tgey help keep one in chect and alert on the market trands
you can avoid fomo because you are the one that control yourself and not others not unless you are the one that creates the fomo or the master mind . i never join the fomo my self but i just watch them , i only move on my own and never regreted anything . fomo is bad because its simillar as manipulation , you will only help the master mind of the fomo to do what he wanted to do . its like we are a slave to them , you guys want that to happen ?
We can't certainly avoid FOMO and pass through it because we like it or not, people will still get hit on that. Maybe I or even you, we all that possibility especially we don't know what it happens next and that changes are also inevitable.
I agree, FOMO is one thing that can hardly be avoided in this space no matter how careful you might seems too be because if you are too cautious of FOMO amd you can't all ties with it, you'll definitely miss out on great market opportunity such as hypes and dumps. One can avoid both FOMO and emotions for so much but frankly speaking, those to contributes greatly to profitable trading as tgey help keep one in chect and alert on the market trands
As you can see FOMO traders prefer to pursue the crowd rarther than sitting down and doing their own personal analysis of how far the coin can go.
You really nailed it, FOMO is one thing that keeps flying around in virtually every investment option especially volatile ones such as crypto investment where there's probably for a quick price swing. Often atimes, FOMO dosen't go well and everyone must try to avoid it because making due diligence about trades contributes greatly to profitable investment
We can't certainly avoid FOMO and pass through it because we like it or not, people will still get hit on that. Maybe I or even you, we all that possibility especially we don't know what it happens next and that changes are also inevitable.
As you can see FOMO traders prefer to pursue the crowd rarther than sitting down and doing their own personal analysis of how far the coin can go.
You really nailed it, FOMO is one thing that keeps flying around in virtually every investment option especially volatile ones such as crypto investment where there's probably for a quick price swing. Often atimes, FOMO dosen't go well and everyone must try to avoid it because making due diligence about trades contributes greatly to profitable investment
The question is you wouldnt able to point out on what percentage you do able to get in in the market. You cant spot out that you do able to buy in 20% rise or some sort
because theres no such way on knowing the precise time you do able to get yourself into the hype or fomoing market.
because theres no such way on knowing the precise time you do able to get yourself into the hype or fomoing market.
Who says you can't know that? Yes you can, but it takes a bit of time. You can just use your brain by watching only lower timeframes on charts such as 15m, 30m, 1h. These will show you that from where it started to spike and you can easily calculate the gains by just subtracting the current value of the token with the value it started going up from.
Quote
This is why its really hard to deal with it and
be sure on making yourself not able to become greedy in this kind of time.
be sure on making yourself not able to become greedy in this kind of time.
Nothing is too hard if patience is kept at that time because if you've set a rule and have your instinct saying that the price won't cross above 60% and you bought in when price was already showing +20%, then I believe you shouldn't even wait for +60% but should get out of the trade at +50%, which will make it around 25% profit for you. You should get out of the trade earlier or else FOMO will just kill the opportunity to even break even when it starts falling and you keep hoping.
Honestly best case for me right now is actually take a look at how the price moves and why it moved.
If you know the direction that is not enough, sometimes it goes up but you don't know if it will continue to go up, or maybe it will drop down, I don't really know. So, direction is one part, you also need to know how much it will go up and why it is going up. If you can figure out those two that means you can find out what is causing it and if you should get in or not as well.
So, this means that you should always study the movements, you can't just take a look at the movements and assume that it is good enough, that would lead to buy every time a coin goes up and it will result with you losing a ton of money, which is why you should always research everything.
If you know the direction that is not enough, sometimes it goes up but you don't know if it will continue to go up, or maybe it will drop down, I don't really know. So, direction is one part, you also need to know how much it will go up and why it is going up. If you can figure out those two that means you can find out what is causing it and if you should get in or not as well.
So, this means that you should always study the movements, you can't just take a look at the movements and assume that it is good enough, that would lead to buy every time a coin goes up and it will result with you losing a ton of money, which is why you should always research everything.
It is never good to buy when the price is going up and thats how to maximize the bear, buying at the bottom. Some fomo may come with news, investors interest, product development and partnership, if the volume prove the high purchase of coin then the cause of FOMO could be find out. Take the risk early and small in Fomo. Fomo may not end well but it is a good form of product's awareness in the space.
As long as you know the target that will be reached you're find if you buy a coin based on some rumors or some information that spreading. Even, I'll say it as a great time to entry or to sell your investment because I heard many people out there say buy the rumor and sell the news, it mean when the news come you have to prepare that you have to know what price that should you sell your coin. You can use a tool to measure it like fibbonaci or etc and it works to me. In a few day I'm trading cardano, although I buy the cardano when its price is up I still got the profit because I know where the price will go. So, FOMO is not always negative, depending on your perspective in seeing it. 
FOMO is when you see promises about the rise of some coin! Big words from all side about the project and project capabilities
in the future. There's nothing except promises about what can happen in the future, and we see that here on forum how newbies
create threads, everywhere on Twitter and Facebook. Many people talk about it, but without evidences, those words are not backed
up! It's FOMO, and if you buy it will be probably on top, while the ones who created FOMO are selling in that time.
in the future. There's nothing except promises about what can happen in the future, and we see that here on forum how newbies
create threads, everywhere on Twitter and Facebook. Many people talk about it, but without evidences, those words are not backed
up! It's FOMO, and if you buy it will be probably on top, while the ones who created FOMO are selling in that time.
That first point though; not every time that you see a lot of people are buying the coin means that there is a FOMO/FUD.
There are even times that a coin will fall, and when you check you will notice that there are still many people buying that coin than there are those selling it.
In a way, you might be right about this, but not hundred percent. And moreover there are time you will even FOMO and still make huge profit, you took the risk and you’re lucky. And as for the second point you have made which is similar to the other two; our mind speaks to us at all times, so it can tell you anything at any time.
There are even times that a coin will fall, and when you check you will notice that there are still many people buying that coin than there are those selling it.
In a way, you might be right about this, but not hundred percent. And moreover there are time you will even FOMO and still make huge profit, you took the risk and you’re lucky. And as for the second point you have made which is similar to the other two; our mind speaks to us at all times, so it can tell you anything at any time.
FOMO somehow had helped traders like me. I could get a little profit because I jumped into the market immediately I feel others are buying a certain coin, but the end product of FOMO is luck. FOMO helps at the same time fails, so a regular and proper market analysis need to be carried before entering market to fight FOMO.
But basically it's just the same as producing panic buying because it is the scenario about the drama that keeps more people out of control and FOMO continues to increase. No wonder when they become FOMO because when prices are high they only think it will generate profits, because at the same time they are not aware of the decline that will surely occur in this crypto market when they have reached high prices.
Yeah, that's why I said that the time to get out of the trade is what matters here as in most cases, those who FOMO'ed in, do it when the price rises just around 10-20% and they have got higher chances of gaining some good profits compared to those getting in when it's already high at around 50-100%. The buy side gets exhausted and that's when you need to start getting out of your position immediately because you rarely get the chance to sell during the exhaustion period.
The question is you wouldnt able to point out on what percentage you do able to get in in the market. You cant spot out that you do able to buy in 20% rise or some sort
because theres no such way on knowing the precise time you do able to get yourself into the hype or fomoing market.This is why its really hard to deal with it and
be sure on making yourself not able to become greedy in this kind of time. Always set goals and percentage profits and never go beyond with that and thats the way you can utilize of
on a fomo'ing market.
But basically it's just the same as producing panic buying because it is the scenario about the drama that keeps more people out of control and FOMO continues to increase. No wonder when they become FOMO because when prices are high they only think it will generate profits, because at the same time they are not aware of the decline that will surely occur in this crypto market when they have reached high prices.
Yeah, that's why I said that the time to get out of the trade is what matters here as in most cases, those who FOMO'ed in, do it when the price rises just around 10-20% and they have got higher chances of gaining some good profits compared to those getting in when it's already high at around 50-100%. The buy side gets exhausted and that's when you need to start getting out of your position immediately because you rarely get the chance to sell during the exhaustion period.
It is never good to buy when the price is going up and thats how to maximize the bear, buying at the bottom. Some fomo may come with news, investors interest, product development and partnership, if the volume prove the high purchase of coin then the cause of FOMO could be find out. Take the risk early and small in Fomo. Fomo may not end well but it is a good form of product's awareness in the space.
--snip--
That is why I don't follow hypes nor to listen to trading signals. What actually they are doing is to create a market drama that will catch the attention.
That is why I don't follow hypes nor to listen to trading signals. What actually they are doing is to create a market drama that will catch the attention.
I somehow disagree with your statement here considering the fact that there are very very few channels that give you the correct trading signals (some don't even give signals but insights) and the rest are just to create chaos in the markets while they just make money selling on their followers' money. Whatever has been in the making these days is adding more FOMO kinda situation nowadays and people literally don't care giving a damn to researching about what they're going to invest in, but they just see something moving and FOMO in. It's not something bad to FOMO in but the time to get out from that coin is what matters the most.
--snip--
That is why I don't follow hypes nor to listen to trading signals. What actually they are doing is to create a market drama that will catch the attention.
That is why I don't follow hypes nor to listen to trading signals. What actually they are doing is to create a market drama that will catch the attention.
I somehow disagree with your statement here considering the fact that there are very very few channels that give you the correct trading signals (some don't even give signals but insights) and the rest are just to create chaos in the markets while they just make money selling on their followers' money. Whatever has been in the making these days is adding more FOMO kinda situation nowadays and people literally don't care giving a damn to researching about what they're going to invest in, but they just see something moving and FOMO in. It's not something bad to FOMO in but the time to get out from that coin is what matters the most.
In my opinion, identifying FOMO is seen when there are coins that are in high demand for no apparent reason, then many people buy
without do an analysis first. If FOMO happens it can be very dangerous, because there will be a bubble and this will make many investors
buy at the peak price. This FOMO often occurs in cryptocurrency, so before investing in cryptocurrency, there is a good thing do research
and analysis first.
Fear of missing can be good or bad based on what it is based on and what facts support your fear. A friend of mine invested around 17k USD just before halving as he was expecting crazy returns but the returns haven't been bad either anyways so those type of fomo are actually good because sometimes you think too much and fomo will help you clear those doubts.without do an analysis first. If FOMO happens it can be very dangerous, because there will be a bubble and this will make many investors
buy at the peak price. This FOMO often occurs in cryptocurrency, so before investing in cryptocurrency, there is a good thing do research
and analysis first.
But in most cases fomo will only lead to loss not because you made a wrong decision but because you made a forced decision and traders should always invest where they see facts and reason behind investment. Anyone who makes trades emotionally is never gonna get any success in long term and is nothing more than a gambler actually.
1. The first symptoms of FOMO is when you see so many people buying the coin and you start thinking all of them cannot be wrong. You also jump inside without doing any proper analysis
But on a positive side, I usually have a feeling that when everyone is buying something that their is some solid reason and it is not the worst idea to go with the public with investment and trading actually.I liked your points overall but actually FOMO can be good in certain cases, I still remember when ethereum came into existence a lot of guys suggested that ETH would be the next big thing and I was one of the guys who actually used to invest money in various projects and I actually thought ETH is a bubble and fake marketing is being done to create FOMO .. now I regret if only I trusted the FOMO.
Those emotional traders are prone to this kind. What they feared about it lost their chance but they'll never think the consequences it returns to them ( and obviously most are regrets). I don't know who created this thing but I was thinking for the crypto whale's participation. This is actually a trap for those individuals who want instant returns but unfortunately, this will only give them regrets and disappointments.
That is why I don't follow hypes nor to listen to trading signals. What actually they are doing is to create a market drama that will catch the attention.
That is why I don't follow hypes nor to listen to trading signals. What actually they are doing is to create a market drama that will catch the attention.
I think when people are saying "HOLD", it sounds like a FOMO to me as when we are all holding the price will significantly rise if there's some hype.
Based on my experience in the last bull run which I believe there was a FOMO, I could have sold my altcoins with some good profit but I choose not to because of the word "HOLD", still I'm on "HODL" though I feel there's a very slim chance my holdings will recover.
Depending on the perception since we do have different approach into things. FOMO(Fear of missing out) do commonly happen when the market is rising in tremendous percentage in a short span of time.Based on my experience in the last bull run which I believe there was a FOMO, I could have sold my altcoins with some good profit but I choose not to because of the word "HOLD", still I'm on "HODL" though I feel there's a very slim chance my holdings will recover.
Just like what happened with bitcoin is mooning in late 2017 where everything does really have the feeling on investing all they can since they do saw the market will really give out big profits to them but eventually those hopes been crushed when the market dumped or crashed hard to the floor which do make those people still holding nowadays or even sell out in loss earlier.
The nature of the market makes has hard to predict, it's very unpredictable so we are just here making our own prediction.
We maybe even be wrong in identifying the peak and the dip, so it really depends on personal perception that's why there are some who lose money and some who make money, that's the game here in crypto.
Jump to: