Well, for those people who did not understand investing in cryptocurrencies and convinced only by FOMO, perhaps there is a possible risk ahead of them.
This is normal for those people when they saw the market was in a bull run, they just dive in without any proper research. Where they are when the market experienced crashes. We can consider it pure greed here hoping to gain in a short period of time not considering bitcoin will be gained even doubled your capital as long as you can wait until the right time of selling to see your profit. People who don't understand FOMO are prone to lose.
Topic: What is FOMO why people interested in FOMO - page 2. (Read 553 times)
What we are witnessing now is already a FOMO, it happened many times in crypto and still people won't learn.
The fact that the marketcap now have already reach to a trillion dollar, that means it has significantly grew over a short period of time and for me it's not normal, haven't seen in the history of bitcoin that pump so high and it did not make some correction, we might see it soon, just be ready.
The fact that the marketcap now have already reach to a trillion dollar, that means it has significantly grew over a short period of time and for me it's not normal, haven't seen in the history of bitcoin that pump so high and it did not make some correction, we might see it soon, just be ready.
FOMO? This is not really interesting...Well, people had to know how they put their life to a sad end.
People who come into the market when the market is high has corresponded to high-risk as well but they are positive, they are not thinking about the dumps as they are always thinking the rising trend to sustain. Are they wrong? It could be, maybe. Because if the price continues to move high, they'll be fine. They'll not be getting rekt unless is the dumps have to follow.
Investing is somewhat like you are gambling, it is to have like on the other hand.
People who come into the market when the market is high has corresponded to high-risk as well but they are positive, they are not thinking about the dumps as they are always thinking the rising trend to sustain. Are they wrong? It could be, maybe. Because if the price continues to move high, they'll be fine. They'll not be getting rekt unless is the dumps have to follow.
Investing is somewhat like you are gambling, it is to have like on the other hand.
FOMO meant Fear of Missing Out and essentially talks about the feeling when everything and everyone is on the trend and you aren't in it yet. This happens to numerous things but in crypto terms, it basically means the fear of not gaining profits after ignoring a coin you thought wouldn't be profitable turns profitable anyway after a few months.
I believe most of the people who are attracted to FOMO are greedy people, although I know that not everyone who is FOMO is greedy. Sometimes
there are people who FOMO because they follow the suggestions of others, because they really don't understand how to analyze the market.
Actually, people who are interested in FOMO are people who don't want to miss the hype that occurs on a project, for the purpose of getting a large
profit. So most people who are FOMO are actually successfully manipulated by whales or big investors. So be careful not to become FOMO people
when investing.
there are people who FOMO because they follow the suggestions of others, because they really don't understand how to analyze the market.
Actually, people who are interested in FOMO are people who don't want to miss the hype that occurs on a project, for the purpose of getting a large
profit. So most people who are FOMO are actually successfully manipulated by whales or big investors. So be careful not to become FOMO people
when investing.
My thought we are in bull market just forget new experimental coin smashing up 50x -100x in dex and next week rekt , so old is gold avoid fomo buy old coin 👌👌
The human characteristic never be changed easily, although they have felt how the FOMO can make they lose a lot of money they will always do it. Because they have a hope that bull market now is reallt different with the previois bull market. There will always be a defense from them to do everything they have done. You don't have the right to forbid them, I think there's been a lot of education about how FOMO effects however they can interpret for themselves what FOMO means. 
A very dangerous thing for me especially on things like this which is an investment. It'll just ruin the lives of the people who feel FOMO during the increase of bitcoin. They should know that it is too late to invest in bitcoin as we know that correction might occur but look, some people are still risking for the current hype. It's not normal to invest right now, too late, and definitely have huge risks.
Those people who always getting FOMO are the ones who always does reckless things and joining the hype.
Those people who always getting FOMO are the ones who always does reckless things and joining the hype.
Yeah fomo can get one rekt easily and unfortunately many people always like to jump in to such project to quickly make some profit but sometimes they will end up getting rekt in the process, it is always better to stick to the old ones which already have good track record, this way it feels a bit safer not to get rekt in fomo.
The FOMO of DeFi coins at the end of 2020 is insane. Many became rich in just one night and many were bankrupt in just a few hours.FOMO is not good to follow. FOMO is only good for people who bought coins at normal prices before FOMO.
New Fomo coins do have a high risk.
Those who continue to follow FOMO are those who have a greedy nature and always want to get fast money, without knowing what the risks will be.
Thanks guys all of you for your kind words and information 🙂 salute
My thought we are in bull market just forget new experimental coin smashing up 50x -100x in dex and next week rekt , so old is gold avoid fomo buy old coin 👌👌
Do you think that FOMO is some sort of altcoin/token?What do you really mean by "avoid fomo,buy old coin"?
"Old coins" like Bitcoin and Ethereum are currently in a FOMO market.I don't see any new coins or defi projects getting even a fraction of all the FOMO Bitcoin gets.
FOMO means "fear of missing out" in case you don't know.The experimental shitcoins you are talking about aren't FOMO,they are "pump&dump" which is a market price manipulation.
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FOMO itself is not a bad thing if you know when to stop a loss. I do admit that bitcoin is already twice the price what I expected it to be and when I sold most of my balance but it hasn't stopped me from buying some more bitcoin to make profit on the rising market. One good way to make profit in short time is to keep buying and selling on a rising market.
FOMO is an anxiety which is a bad habits of a trader. Scalping method is what you are describing since you are benefiting on the price change of BTC. FOMO is a bad practice that might give a serious loss if you apply it on wrong trading just like on leverage trading that has a liquidation threshold.
FOMO itself is not a bad thing if you know when to stop a loss. I do admit that bitcoin is already twice the price what I expected it to be and when I sold most of my balance but it hasn't stopped me from buying some more bitcoin to make profit on the rising market. One good way to make profit in short time is to keep buying and selling on a rising market.
My thought we are in bull market just forget new experimental coin smashing up 50x -100x in dex and next week rekt , so old is gold avoid fomo buy old coin 👌👌
And bitcoin is the oldest coin in the crypto market that everyone can assure, newbies or not. But you can't stop those people looking for those newest coins which they think will give them a big profit in the short term. Bitcoin's the best for long-term investments and this is all for the patient investors that can deal with risks and bears. It's tested crypto that no coin can be par and that's why the market cap of it is just increasing and institutions are buying it.There are people who are into these new alts, because they can gain profit in a very short period of time particularly those pump and dump coins. However, not many people are lucky to spot those kind of coins and normally, you are already too late to see that opportunity. But if you want an assurance that your portfolio will not go down the drain, better stick to bitcoin or eth.
everyone scares to lost the opportunities to buy bitcoin in proper time 
not scare to buy but scare that they cant sell high anymore thats why they fomo and sell but theres nothing to fear of in btc and no need to fomo because price can rise can always extend if lucky . they can reap more benefits if they wont fomo . My thought we are in bull market just forget new experimental coin smashing up 50x -100x in dex and next week rekt , so old is gold avoid fomo buy old coin 👌👌
yes we are now in bull market so why bother investing on those risky coins when we can invest in safe coins and still gaining the same benefits ? infact we can even reap more benefits investing in safer coins alone .
everyone scares to lost the opportunities to buy bitcoin in proper time
It is natural to want to participate in something that is gaining a lot of popularity. You can't really stop people from feeling a certain way and wanting to participate especially if it means potentially making a lot of money. Many times you will end up getting rekt but sometimes it is worth getting in too late than not getting in at all.
The definition for panic buying or FOMO (Fear Of Missing Out). Read the definition: https://www.investopedia.com/terms/p/panicbuying.asp
The FOMO wave raises the price to the Moon in short period but it is unsustainable and it will peak at the maximum euphoria after which the market will be crashed. You can look at the psychological chart and understand its meaning.
Panic Mode? What a Wall Street Chart Tells Us About Bitcoin’s Price
The FOMO wave raises the price to the Moon in short period but it is unsustainable and it will peak at the maximum euphoria after which the market will be crashed. You can look at the psychological chart and understand its meaning.
Panic Mode? What a Wall Street Chart Tells Us About Bitcoin’s Price
Why would you even FOMO on new coins though? Their not really projects one should invest willy nilly, especially in big amounts, since they're called "new" for a reason. Heck, even if you gave me a list of coins to invest, I'd always go for BTC, and if asked to choose more, then the top altcoins out there like ETH. Not to mention that some projects may actually be taking advantage of the season right now to actually tempt newbies, a scam under a FOMO feeling.
My thought we are in bull market just forget new experimental coin smashing up 50x -100x in dex and next week rekt , so old is gold avoid fomo buy old coin 👌👌
There's a huge problem with people who has FOMO especially when they enter something they do not know about.
Let us take an actual example. Back in December 2017 when the price of bitcoin reached an all-time high of $18,500/btc, people lost their minds. Many entered and invested into bitcoin without even knowing what it was and the technology behind. As a result, a month after December or around first quarter of 2018, the price of bitcoin plummeted and crashed. Unfortunately, those people who invested during this bullish run claimed that bitcoin was a 'bubble' and a 'scam'.
FOMO can be advantageous but you must know what you are getting in to. If you blindly invest into something without even knowing what you are actually purchasing, you will just add to the stigma which contributes to the negative image of cryptocurrency.
It's mostly those irrational newbie buyers, who think that the price will go on parabolic rise back in December 2017 because there are a lot of news and speculations that the price will hit $50k.
And then boom, market manipulators played us, once the top price has been reached, they started selling. But we can't compare the FOMO that was 2017 with today's massive buying. It's more of institutions and companies fuelling this spike, not manipulators and whales and speculators who wanted to take advantage of newbies and the FOMO that they created.
My thought we are in bull market just forget new experimental coin smashing up 50x -100x in dex and next week rekt , so old is gold avoid fomo buy old coin 👌👌
The project that gets FOMO could really get rekt in a short time but as an investor or trader would you let the opportunity to gain profit gets out of your hand?Even if the risk is there people would ignore it to gain a huge profit as you said those could smash up 50-100x in Dex all they have to do is get out before they lose money.
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