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Topic: What is FOMO why people interested in FOMO - page 3. (Read 553 times)

full member
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January 06, 2021, 06:57:56 PM
#11
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.
hero member
Activity: 3066
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Vave.com - Crypto Casino
January 06, 2021, 06:53:48 PM
#10
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.
hero member
Activity: 2688
Merit: 540
DGbet.fun - Crypto Sportsbook
January 06, 2021, 05:59:07 PM
#9
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 👌👌

For those who do like to gamble into those coins on where they do believe that it can shoot up 50-100x in a short span of time then they do really jumped in and they do cry
later on when theyre ass get whopped and when the price goes to the floor. FOMO is indeed common and when people do see it on spot and emotion and beliefs or thins
in mind do collaborates then these kind of decisions do really come out.
Lots of people doesnt really like to miss out profit making opportunity thats why even if its too risky they do still make a dive.
hero member
Activity: 2212
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January 06, 2021, 05:53:16 PM
#8
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 👌👌

It's so easy how easy it is for folks in the crypto space to get carried away and invest in those experimental, high-risk tokens just so they can take part in the "moon ride". Whenever I see this people make this kinda moves, I don't know whether I should feel sorry for them. If the ICO days didn't teach us anything, the days of self drops should have. I'm also not forgetting the fact that DeFi - the current altcoins trend, was a solid decline after the fomo season between june - September 2020.

sr. member
Activity: 1638
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January 06, 2021, 05:20:17 PM
#7
Most of th tenured user will not blindly go for the new coins just because there is a possibility of more returns than traditional crypto coins like Bitcoin, Ethereum and other top coins. But new users get trapped into investing into new coins as they lack knowledge about crypto domain and wants to get rich quick but ends up with disappointment. FOMO is a natural phenomenon which gains more weight when people start posting about how a user can miss out of potential profit and moreover it was the FOMO which made many users to invest into bitcoin in 2018 at its peak.
full member
Activity: 1554
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0xe25ce19226C3CE65204570dB8D6c6DB1E9Df74AC
January 06, 2021, 01:05:49 PM
#6
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.
Yeah, I remember some old retirees bet their pension on bitcoin at the peak, that’s crazy they’re going FOMO on bitcoin, ETH soar to a point nobody can even believe that many wonder it’s spell the demise of bitcoin dominance! But the market collapse quickly, and the domino effect is so horrible I’m watching many small exchanges go completely offline, anyone remember defunct liquid exchange? Many of them go to every random forum and writing their horror stories. I believe many OG get screwed on the FOMO very badly.
sr. member
Activity: 1456
Merit: 280
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January 06, 2021, 11:57:29 AM
#5
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 👌👌

It's not like old coin will be remained into this crypto market. Moreover, we must read those old coin/tokens tokenomics whether team/foundation tokens are unlocked or not because most of the team tokens from different project which was started in the previous bull run, are already unlocked or going to be done asap. And if anyone from that team start to take advantage of the alt season, that coin might be dumped and supporters get themselves as rekt one. So we need to be more aware about this.
hero member
Activity: 2268
Merit: 789
January 06, 2021, 11:25:32 AM
#4
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.
copper member
Activity: 238
Merit: 1
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January 06, 2021, 09:26:24 AM
#3
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 👌👌
It is hard to get used to new things- coins. People understand the value of coins unless it increases in price. And people want to sell after a few days and it causes a huge price drop after the price rise. Sticking to old coins is also safe, there is a low possibility of scams.
sr. member
Activity: 1092
Merit: 284
January 06, 2021, 08:33:50 AM
#2
because everyone generally doesn't want to miss the latest information, especially when it comes to cryptocurrency. when someone continues to follow the information, of course based on Fomo or Hype, he will know where their money is invested. On the other hand, the impact is that the information obtained is not necessarily accurate, because we are in a hurry to decide on a belief without further investigation.
jr. member
Activity: 68
Merit: 1
January 06, 2021, 07:44:00 AM
#1
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 👌👌
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