Topic: Resist all temptation to fomo - page 4. (Read 760 times)
At one everyone fomo and get burnt, it has happened to me a couple of times in the past. Crypto in its entirety involves risk taking, so it's inevitable but care must be shown.
Fomo is unfortunately inevitable in crypto, immediately we see price starting to rise, we feel tempted to get in and ride along, most times people panic buy or panic sell because of fear they don'twant to miss out and price may not come down again,
I myself almost fomo to buy btc at 10k plus but i later decided to hold on a bit maybe the price will correct at some point, even am still not sure if to wait some more or to get it.
I myself almost fomo to buy btc at 10k plus but i later decided to hold on a bit maybe the price will correct at some point, even am still not sure if to wait some more or to get it.
FOMO is very effective not only in crypto but also in all areas related to money. FOMO is something that motivates people! For example, there are DeFi applications that are famous today. There was Dao Maker in the beginning and it created the perception that money could be earned from here, and other projects therefore started doing business development in this area. Indeed, there are more than ten DeFi platforms nowadays. FOMO has always been and will be very important in money related issues.
Im sure we are all aware what fomo means.
Bitcoin has indeed ran a good race to over 10 000$ and it has pushed up the prices of altcoins simultaneously
Do a proper root research before getting into altcoins, resist all temptation to fomo.
Because when btc moons, the dead alts can rise momentarily only
NB, FOMO is not a good feeling during the bulls
Bitcoin has indeed ran a good race to over 10 000$ and it has pushed up the prices of altcoins simultaneously
Do a proper root research before getting into altcoins, resist all temptation to fomo.
Because when btc moons, the dead alts can rise momentarily only
NB, FOMO is not a good feeling during the bulls
Of course you are right, FOMO often confuses players in the cryptocurrency market, but now a lot has changed and everything needs to be trusted carefully. Of course, the desire to make money quickly is difficult to overcome and the new achievements of many cryptocurrencies pull us to commit dangerous and risky transactions. Now it is very important to make informed decisions and develop a clear plan of action for yourself.
Fomo is unfortunately inevitable in crypto, immediately we see price starting to rise, we feel tempted to get in and ride along, most times people panic buy or panic sell because of fear they don'twant to miss out and price may not come down again,
I myself almost fomo to buy btc at 10k plus but i later decided to hold on a bit maybe the price will correct at some point, even am still not sure if to wait some more or to get it.
I myself almost fomo to buy btc at 10k plus but i later decided to hold on a bit maybe the price will correct at some point, even am still not sure if to wait some more or to get it.
I would say do not resist FOMO, I would say resist FUD, right now that is exactly what we need. Fomo is helping market up, it is "fear of missing out" and as people here who like crypto, we should make everyone feel like they are missing out on something amazing, and not just make them feel like it but actually make them realize it because altcoin fever and bitcoin craze are not stuff that will soon end, for the next 5-10 even 20 years this will continue, I am not sure which coins will survive and which coins will be bad but I can tell you that we will definitely not going to get anything bad going on for those years so getting in right now would be amazing for all of us.
Fomo is not bad, fomo is reality, fomo is what we should all aim at for everyone else who are not involved.
Fomo is not bad, fomo is reality, fomo is what we should all aim at for everyone else who are not involved.
I agree with you El Kaka22, people should resist FUD, but FOMO can be a good thing. When people understand all the benefits of
crypto-currencies they will have a feeling that they are missing something huge and they will join. FOMO can affect masses to join
crypto-currencies.
But there is other side, with so many crypto-currencies it's hard to invest in all of them with limited bankroll. It's a negative side
of FOMO, we can't have them all! Some coins and tokens will be missed, we need to deal with that and to believe in choices we are
making when investing.
FOMO is a problem not only in the bull market but also in the bear market too. Fomo is the main reason for existing volatility and the volatility is now so high because so many people are exposed to this feeling. controlling this feeling we will learn how to make money in our pockets
Correct. If you know the right timing you'll be able to catch up the right position. Fomos are those who keep losing money as they are not good in making correct decision making. Never to place your entry by following your emotions but instead make a good research and carefully analyze the situation. 
I would say do not resist FOMO, I would say resist FUD, right now that is exactly what we need. Fomo is helping market up, it is "fear of missing out" and as people here who like crypto, we should make everyone feel like they are missing out on something amazing, and not just make them feel like it but actually make them realize it because altcoin fever and bitcoin craze are not stuff that will soon end, for the next 5-10 even 20 years this will continue, I am not sure which coins will survive and which coins will be bad but I can tell you that we will definitely not going to get anything bad going on for those years so getting in right now would be amazing for all of us.
Fomo is not bad, fomo is reality, fomo is what we should all aim at for everyone else who are not involved.
Fomo is not bad, fomo is reality, fomo is what we should all aim at for everyone else who are not involved.
Fomo is good because it's just another explanation of greed and greed is good. You want to be greedy as an investor and you want to keep your money on the move. Those who don't never win. You can sit and wait until; you're old or chooose wisely and invest.
There's always something worth investing on the market you just have to find that hidden gem!
There's always something worth investing on the market you just have to find that hidden gem!
FOMO is a problem not only in the bull market but also in the bear market too. Fomo is the main reason for existing volatility and the volatility is now so high because so many people are exposed to this feeling. controlling this feeling we will learn how to make money in our pockets
You are right but most of us do FOMO on altcoins. Humans never learn from experience only the high emotional intelligent traders will not FOMO during bull run. A good trader once FOMO on ETH and all of a sudden ETH retracted back. However this requires discipline.
Im sure we are all aware what fomo means.
Bitcoin has indeed ran a good race to over 10 000$ and it has pushed up the prices of altcoins simultaneously
Do a proper root research before getting into altcoins, resist all temptation to fomo.
Because when btc moons, the dead alts can rise momentarily only
NB, FOMO is not a good feeling during the bulls
Bitcoin has indeed ran a good race to over 10 000$ and it has pushed up the prices of altcoins simultaneously
Do a proper root research before getting into altcoins, resist all temptation to fomo.
Because when btc moons, the dead alts can rise momentarily only
NB, FOMO is not a good feeling during the bulls
Include the Fudsters also, you know what I mean about that already..
We can differentiate with someone who sell their asset just because FOMO (fear of missing out) or because they know the asset (cryptocurrency) will be down soon.
I'm not actually blame for those who sell their asset because they have right to do that. And they will feel lose or profit when they make such decision.
Even, I just hope for those who lose. At least it will make them aware to find more before they spend money. I believe if they do that they will never leave cryptocurrency although they lost a lot of money.
I'm not actually blame for those who sell their asset because they have right to do that. And they will feel lose or profit when they make such decision.
Even, I just hope for those who lose. At least it will make them aware to find more before they spend money. I believe if they do that they will never leave cryptocurrency although they lost a lot of money.
Usually this is happening when market is turning up. Those who dont buy until they see that its safe to engage themselves to crypto again are the ones who cant resist fomo. On the other side for investors who already holding coins, fomo is a good thing because it has an impact to the price, it can increase the value further hence they will sell to take advantage the situation. The one who will suffer here is those who buy at the top then the price will slowly decline like what happened on bull run 2017 wherein some investors buy during ath not knowing the coming days the market will turn to bearish.
Is it?
So why not FOMO now?
Buy while they are cheap, right? As you said they will moon with accordance to the bitcoin pump.
I don't think so.
Bitcoin went to 13k, then 14k and yet some altcoins are still dead.
There is still no assurance to it. What if we are investing even in one of the top 100 and yet there will be no movement that will occur?
So why not FOMO now?
Buy while they are cheap, right? As you said they will moon with accordance to the bitcoin pump.
I don't think so.
Bitcoin went to 13k, then 14k and yet some altcoins are still dead.
There is still no assurance to it. What if we are investing even in one of the top 100 and yet there will be no movement that will occur?
Im sure we are all aware what fomo means.
Bitcoin has indeed ran a good race to over 10 000$ and it has pushed up the prices of altcoins simultaneously
Do a proper root research before getting into altcoins, resist all temptation to fomo.
Because when btc moons, the dead alts can rise momentarily only
NB, FOMO is not a good feeling during the bulls
FOMO can only be good if you have done a research and you are comfortable on the outcome of your investment, there are bad FOMO and good FOMO some FOMO can lead you to huge profit and there is FOMO that should be ignored, because it's only to deceive investors into investing into something that is fake. Bitcoin has indeed ran a good race to over 10 000$ and it has pushed up the prices of altcoins simultaneously
Do a proper root research before getting into altcoins, resist all temptation to fomo.
Because when btc moons, the dead alts can rise momentarily only
NB, FOMO is not a good feeling during the bulls
ALL THE TIME, you are not matured and intelligent enough if you can't resit the FOMO, usually the newbies will get FOMOd but people who have learn from their experience, we should not do the same mistake again. The market is good when there is a FOMO, but let them suffer and we will make making profit by their ignorance.
Hard to resist fomo we all have that in mind we do have fear , but we must not do anything in hurry and lose all fomo is good keep it limited and we are good if we just think and invest or trade because of fomo all time then its bad , fomo with proper analysis is good
when btc bulls all coins will follow even shitcoin will also go up, but the most important thing is how long it will last, if btc has increased for 1-4 weeks then the alt may only be half the time from it or only a few days.
People that do daily trading on a daily basis and are focused above a monitor could benefit by triangular trading between crypto/fiat pairs because for a while the crypto pairs appeared to have been sustaining smaller losses. But really, getting into altcoins is a much more dangerous trap long term. There are very few coins with a proven work in development and infrastructure and aside of bitcoin very few things can be for sure with crypto.
in that way I think it will only be a waste of time just to look at monitors and charts at the exchange place, it will harm the time available, but when market conditions are crowded it will be useful because the price movement will be fast and can provide a lot of profit to do daily trading.I think when the price movement are fast and high, then is the time to be wary of getting into trades.
I believe a good trading pattern is to get in when there is a correction, but before joining, you need to dyor and be sure that there won't be further correction (dumps) as you trade.
I don't believe in trading when the prices are high, its risky.
Nonetheless, it is my mere thoughts.
always dyor.
its only discipline that can make a trader not to fomo, for me i always do my proper research during dip and i note some coins that do rise easily. its better to buy at dip that fomo because it will turn you to a long time holder if things go worse and it might take a long time before it returns to that position which you might be tempted to sell at loss.
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