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. 
Topic: Resist all temptation to fomo - page 5. (Read 760 times)
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.
Lots of dead altcoins suddenly grown up by 500-1000% like Salpay, BTK and so on coins! This is happening in every Bitcoin pumps, so, it's better to avoid all the low volume altcoins. Don't gamble your luck all the time, if you buy those dead coins, you will end up by losing huge money. It's better to stick on top 200 coins for the investment, check the liquidity not the volume, research the community and recent updates then go for buying altcoins in this pumping time!
You are really suggesting top 200 coins? That is a lot! Also, based on what the ranking are made? Even a shit coin can end up being on the 200th position after getting pumped. Its not just the volume you should be looking. The volumes can also be easily faked. You should look at the coins before investing. Read about them on the forums and see what users (veteran and well known users. Not from shill accounts.) have to say about them. If you find the trading volume and the price pumping a bit abnormal, then just don't invest on the coin. There are few extremely promising and good altcoins on the market. Go for those. 
Resist it all not just FOMO but also FUD specially when the price is dropping down.
It is the main reason why traders lose their investment because of joining the FOMO or FUD.
It is the main reason why traders lose their investment because of joining the FOMO or FUD.
We can't blame investors or traders who still fall for fomo. When sudden dumped happens, fomo is entering and so the traders try to sell or buy in panic. The problem is that, it may be a trap that leads to the wrong decisions. Anyhow, even if we know that fomo will not give any good results at the end and give us impulse moves.
Stick to your own technical analysis amd never listen to any fuds to prevent fomo. Never doubt in your own TA.
Stick to your own technical analysis amd never listen to any fuds to prevent fomo. Never doubt in your own TA.
sometimes those who dare to take big risks will get fantastic results at the end.
it doesn't matter if we follow fomo if we know the risk we take will be the same as the outcome, the crypto market is completely unpredictable so do what you believe in.
it doesn't matter if we follow fomo if we know the risk we take will be the same as the outcome, the crypto market is completely unpredictable so do what you believe in.
This fomo is quite worrying, especially for newbies who are not familiar with the cryptocurrency ecosystem. Less experience makes mentally and psychologically disturbed so that it affects decision making. Some things that can be done to prevent FOMO, whether in trading or investing are 1. improving technical and fundamental analysis technique skills, 2. emotional control and don't be greedy 3. accept all failures or risks and respect your decision.
If we have done the analysis, it will avoid panic buying and selling because we have determined the path according to the analysis. don't forget to discuss with friends to strengthen the analysis.
If we have done the analysis, it will avoid panic buying and selling because we have determined the path according to the analysis. don't forget to discuss with friends to strengthen the analysis.
Anyone will experience a sense of fomo if they see that prices continue to rise, for me personally only pay attention to market movements, if I see a lot of sell orders compared to buying orders, there I will try to get rid of Fomo's feelings, because panic sell will usually occur.
Panic selling will begin if they saw a drop on the price and also those who buy on Fomo will be trap if they don’t act early. Buying during the hype is not good, that means you didn’t prepare for that and you don’t have a target price on that. I do buy only when its time to buy and only hold until it reach my selling price. The market is volatile, emotions can trigger you to act badly.
I used to have this fair of missing out. I see some altcoins and I start murmuring ‘what if it pumps? Why not just buy it?’. It never worked because I never did any research on those altcoins. It was just mere bad speculation. Now, I don’t even fear to miss out on any run. I simply invest in the major coins and the alternative ones I have reserved and observed to have huge potentials. Nothing is assured but it’s best we make informed decisions before taking actions.
Well, you should always invest in Bitcoin and even Ethereum more than the other altcoins. I don't really think the third best cryptocurrency in the market will have a brilland future, I mean Ripple (XRP) despite it has a huge value of circulating supply and market cap . So in my opinion, it is not a good choice when you invest in this Banks coin. To be honest, sometimes we need to take the risk but without madness, traders especially the beginners want to earn a lot of profit in a short period, but that does not going to happen even when you take the risk in a good way.
Exactly, I have recently made a post in regards to the same as people might be tempted to invest blindly due to recent developments but we should do a proper research instead of being carried away with the ongoing fluctuations as most of us have already lost a good amount due to FOMO.
Anyone will experience a sense of fomo if they see that prices continue to rise, for me personally only pay attention to market movements, if I see a lot of sell orders compared to buying orders, there I will try to get rid of Fomo's feelings, because panic sell will usually occur.
Consider also the panics happening. There were quite a lot of those back in January 2018, after people felt like price went downhill from 20k. If there would be a certain people asking for advice, if you don't want to be driven by emotions especially the FOMO or getting affected by FUDs, just leave a certain amount in a coin like Bitcoin then just let it sit like that for months, just don't forget the passphrase of course. People would surely forget about it in the meantime then they'll manage to be surprised after just few months.
Lots of dead altcoins suddenly grown up by 500-1000% like Salpay, BTK and so on coins! This is happening in every Bitcoin pumps, so, it's better to avoid all the low volume altcoins. Don't gamble your luck all the time, if you buy those dead coins, you will end up by losing huge money. It's better to stick on top 200 coins for the investment, check the liquidity not the volume, research the community and recent updates then go for buying altcoins in this pumping time!
I think FOMO is good only for those who have taken part of something that they FOMO, and make a loss for people who immediately enter without thinking, but in my opinion if for them as holders only just select the best coins in cmc and wait for the moon, and if a trader certainly won't eat FOMO
Taking opportunities to ride with fomos will give good short term benefits it's indeed profitable to those who knows how to manage and how to escape not to let things harmed your investment.Stay with your strategy and not to change anything, keep focusing with how you understand the market and forget about riding with the fomos if you are ain't aware to any possibility of losing your money.
I think FOMO is good only for those who have taken part of something that they FOMO, and make a loss for people who immediately enter without thinking, but in my opinion if for them as holders only just select the best coins in cmc and wait for the moon, and if a trader certainly won't eat FOMO
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
It's part of investing in Cryptocurrency to know when you are falling into FOMO, it's a trap that every investors don't want to be a part of, so many investors on altcoins lose a lot of money, no veteran investors would like to be part of FOMO so be sure if you are investing know if you are going to be part of FOMO.
Because when btc moons, the dead alts can rise momentarily only
I only witness a bull run once in my life but I have some regrets for not selling some of my assets at the right timing. if this would happen again and my dead altcoins will again rise, I am sure I would not make the same mistake again, so hopefully it will.
i do not think that dead altcoins will raise again, not briefly, not anytime or anywhere, but there are plenty good altcoin projects, that will follow suit with BTC rise due to halving and scarcity, because those altcoins are bringing new value to this market and industry, and providing value for users
somehow, for me, most important thing for altcoins is are they used or not, and is there any money on a daily basis that is spent on their networks
Well, that's what you believe but for people who experience the last bull run and have witness that shit coins have rise, they are expecting the same thing it will happen again as that is the only chance for them to sell and get out with a profit.
I am also holding a small number of shitcoins in my wallet but I don't buy them as shit coins, they were only shit now because they almost lose their value and it seems like the developers are slowly abandoning the project, but who knows when the bull run will come what would happen, we can only tell when the bull run is already here.
Because when btc moons, the dead alts can rise momentarily only
I only witness a bull run once in my life but I have some regrets for not selling some of my assets at the right timing. if this would happen again and my dead altcoins will again rise, I am sure I would not make the same mistake again, so hopefully it will.
i do not think that dead altcoins will raise again, not briefly, not anytime or anywhere, but there are plenty good altcoin projects, that will follow suit with BTC rise due to halving and scarcity, because those altcoins are bringing new value to this market and industry, and providing value for users
somehow, for me, most important thing for altcoins is are they used or not, and is there any money on a daily basis that is spent on their networks
Because when btc moons, the dead alts can rise momentarily only
I only witness a bull run once in my life but I have some regrets for not selling some of my assets at the right timing. if this would happen again and my dead altcoins will again rise, I am sure I would not make the same mistake again, so hopefully it will.
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