Fomo in trading is no joke, it can can be so lovely and joyful but also one cold blooded cruel thing, i think op experienced the latter.
And fomo is actually the dark secret of bubbles. The old saw about bubbles being driven by "greed" is at best a half-truth. The real fuel of a bubble at its climax is fear of missing out.
That's why bubbles pop so easily. If a lotta folks are driven to buy by fomo, then the bubble market is rising through fear. A lot of the hysterical bulls are secretly fearful. And once the secret fear becomes open fear - once the fomo changes into plain fear - the bubble pops.
Yep: once the thinly-disguised fear becomes open fear, the carnage begins...
You are so right. Most people don't realize it, but fear is a much more powerful force than greed is.
I am not actually a shill, I am an extremely retarded investor that caught the bubble too late.
Should of not went in litecoin, learned my lesson tho.
Should of not went in litecoin, learned my lesson tho.
You're not as dumb as you think. You recognize and can admit to making a mistake. That's more than most people ca do, and it's the only way to become better at anything.
Crypto can be a cruel cruel world. Did you manage to sell over 5 and not take so big losses? Hope you did, on the bright side there was people who brought at $40+ 2 years ago and they held their bags ever since or took massive losses that make yours look small.
