When people talk about trade, they do talk about legit coins that have probably would exist for a good time in future.
But again trading is also a game with the numbers, what people say might not always be what people do. You should listen to everyone and try different things to find what suits you the best. If everyone follows the same strategy, it would not be profitable anymore.
Investing on pump and dumps and ponzis are a different thing and would be considered more a gambling than trading.
Topic: Why FOMO isn't as bad as people make it seem. - page 3. (Read 528 times)
the point is the right timing when you want to enter and exit and actually it doesn't matter what coin as long as you can pay attention to market movements and predict it correctly I think your chance of winning on each transaction can exceed 70, so if you trade 10 times you get 7 times profit.
The simple rule is "buy at the bottom and sell at the top". But i don't think this applies to all coins, it only applies to solid coins like bitcoin, ethereum and the likes, because they have stood the test of time and would surely find their way back up. But most of these new coins, if you buy at the bottom, the price might still go lower and keep you trapped there. so it is better to wait and see a clear move up before you get on the train to avoid fake outs.
Well it depends on the coins that you're going to invest in.If you chose new coins then its better to buy once the price is going up, its a good timing to join the hype, however new coins are much risky compared to old coins and majority of them are just a pump and dump scheme.
On the other side when it comes to well-established coins buying because of FOMO is not a wise idea. If you have knowledge about the coin and its past history then you'll understand how it works.
The simple rule is "buy at the bottom and sell at the top". But i don't think this applies to all coins, it only applies to solid coins like bitcoin, ethereum and the likes, because they have stood the test of time and would surely find their way back up. But most of these new coins, if you buy at the bottom, the price might still go lower and keep you trapped there. so it is better to wait and see a clear move up before you get on the train to avoid fake outs.
That rule is the basic rule in trading, but unfortunately, many people don't follow the rule because while they trade, they see the price start rally and touch the high price. They become greedy and don't want to close their trade, but they want more profit, which is not always happening. Instead, to sell at a high price at that moment, they are still waiting for the price to increase higher, and what they see in the next minute is the price is back to the low price, and they lose that opportunity.
It is why you need to have a target sell price and place an order sell, so when the price can touch your target price, it will automatically execute the order. Using that, you don't miss the chance to sell at a high price, and you can wait for another opportunity to buy back the coin. If you are afraid because the price can go down for more, you need to split your order buy into a few orders, so when the price down, you can still get the coins at a lower price.
The problem that often arises for a trader is not knowing the basic point to buy, Fomo is not so scary if at the right time we can come out and get big profits in it, it will be a problem if we enter at the wrong time and will never be able to return again. In essence, the greater the Fomo, the greater the risk of defeat and profit that is in front of you.
FOMO isn't bad as long as the price would continue to rise up when you bought it but most of the time the FOMO buyers are buying it on the near peak price so most of them are losing instead of earning profit.
I have earn from feeling it both FOMO and FUD I was once saved because of FUD I was planning to hold some alt-coin but due to some news spreading I decide to sell it and later on the price crash down.
I have earn from feeling it both FOMO and FUD I was once saved because of FUD I was planning to hold some alt-coin but due to some news spreading I decide to sell it and later on the price crash down.
The simple rule is "buy at the bottom and sell at the top". But i don't think this applies to all coins, it only applies to solid coins like bitcoin, ethereum and the likes, because they have stood the test of time and would surely find their way back up. But most of these new coins, if you buy at the bottom, the price might still go lower and keep you trapped there. so it is better to wait and see a clear move up before you get on the train to avoid fake outs.
I don't see this post have anything to do with FOMO
indeed for me Fomo is also not bad, because Fomo can make money easier,
have you missed the Fomo that happened in the Defi sector ?,
you can very easily have 2x advantages in Defi, but now it looks like Fomo Defi is slowly disappearing.
Fomo might be good for others and may be bad to those who have long term plans for their holdings but due to Fomo they were tempted to buy DeFi projects as many shows they were able to earn more from it. Those who have extra money to invest will not be affected but those who have limited might be a victim of these Fomo and may invest in a scam project jaut because they just want to join the hype, as long as they know what their doing and able to adjust in the market it's good to follow FOMO but if its a fast decision without thinking where to invest exactly then it can cause problem after. have you missed the Fomo that happened in the Defi sector ?,
you can very easily have 2x advantages in Defi, but now it looks like Fomo Defi is slowly disappearing.
The simple rule is "buy at the bottom and sell at the top". But i don't think this applies to all coins, it only applies to solid coins like bitcoin, ethereum and the likes, because they have stood the test of time and would surely find their way back up. But most of these new coins, if you buy at the bottom, the price might still go lower and keep you trapped there. so it is better to wait and see a clear move up before you get on the train to avoid fake outs.
I don't see this post have anything to do with FOMO
Correct. The topic doesn't get followed by the post.
FOMO is always bad because it makes you forget what you were supposed to do. If you're uncertain or fearful don't trade!
Buy at the bottom sell at the top applies to every single tradable asset not only top cryptocurrencies! You don't know what you're talking about OP!
The simple rule is "buy at the bottom and sell at the top". But i don't think this applies to all coins, it only applies to solid coins like bitcoin, ethereum and the likes, because they have stood the test of time and would surely find their way back up.
True, they are already tested through time therefore you can trust them. ETH for example which has dumped below $100 many times already, but it is still recovering, so if you had that timing you will definitely be profitable every time it bounces back.
But most of these new coins, if you buy at the bottom, the price might still go lower and keep you trapped there. so it is better to wait and see a clear move up before you get on the train to avoid fake outs.
As what I know, majority of the coins are scam or some has less potential, so if they dump, there's a huge possibility that they will not anymore recover, so it's nice to stay away from them if you can't take the risk, only high risk takers can do that, or they call themselves as a gambler because they are willing to take that high risk, however, if that will succeed, that's big money in return, so really up to you as there are still a lot of good coins with huge potential even if it's new. 
indeed for me Fomo is also not bad, because Fomo can make money easier,
have you missed the Fomo that happened in the Defi sector ?,
you can very easily have 2x advantages in Defi, but now it looks like Fomo Defi is slowly disappearing.
Defi markets are not recommended if the OP is newbie or simply have less experience in this field. After the Uniswap craziness, many things have changed in favour of scammers and they look for the new blood in the DEFI markets. Don't simply follow the crowd, make your own choices separately and smartly.have you missed the Fomo that happened in the Defi sector ?,
you can very easily have 2x advantages in Defi, but now it looks like Fomo Defi is slowly disappearing.
Like in other financial markets, there is no reason to buy the dip points blindly. The bottom is not the bottom of the trend, the entry price can look like a bottom but the time will show the trader the truth. Major altcoins also have the dip points but catching the dip points is very hard for the inexperienced traders. Having experience will lead to cut the losses if the trader is wrong.
indeed for me Fomo is also not bad, because Fomo can make money easier,
have you missed the Fomo that happened in the Defi sector ?,
you can very easily have 2x advantages in Defi, but now it looks like Fomo Defi is slowly disappearing.
have you missed the Fomo that happened in the Defi sector ?,
you can very easily have 2x advantages in Defi, but now it looks like Fomo Defi is slowly disappearing.
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It can be applied for any major coins. It's not only getting limited into the ethereum bitcoin. All of the coins with proper development progress have the same chance to be used as an investment.
Buy bottom and sell at pump. It sounds very similar to the buy when there's a lot of FUD to the project and sell it at when there's a lot of FOMO.
Any legit investment will have the same pattern and we can use that strategy too.
Buy bottom and sell at pump. It sounds very similar to the buy when there's a lot of FUD to the project and sell it at when there's a lot of FOMO.
Any legit investment will have the same pattern and we can use that strategy too.
The simple rule is "buy at the bottom and sell at the top". But i don't think this applies to all coins, it only applies to solid coins like bitcoin, ethereum and the likes, because they have stood the test of time and would surely find their way back up. But most of these new coins, if you buy at the bottom, the price might still go lower and keep you trapped there. so it is better to wait and see a clear move up before you get on the train to avoid fake outs.
You said it right. Most of the new coins, if you have bought it, usually it's already the top of it and then the next thing that will happen is mostly a dump. The dumping of most investors that bought it during the sale is about to happen.
All of them will be chasing for the profits and wouldn't actually care with the vision that project has. This applies for most new projects with or without potential. Lucky if the project has the potential as it can recover afterwards but mostly don't.
The simple rule is "buy at the bottom and sell at the top". But i don't think this applies to all coins, it only applies to solid coins like bitcoin, ethereum and the likes, because they have stood the test of time and would surely find their way back up. But most of these new coins, if you buy at the bottom, the price might still go lower and keep you trapped there. so it is better to wait and see a clear move up before you get on the train to avoid fake outs.
Who says it's bad? The problem though for those who FOMO is that they don't know when to exit and take the profit because FOMO won't last and the price won't go on parabolic rise. That's why many noobs got burn during the last 2017 to early 2018 because they think that the market will bounce when all signs are saying that we are going on a downhill. FOMO is good, but you have to have some semblance of control and always keep your emotions check.
all must have their own risk i think if you want to play at a safe point then I think you better invest in GOLD
When you have several opportunities from whatever sourcs you choose especially when talking about cryptocurrency, this industry is the best for now IMO. When getting into cryptocurrency you should ensure to make good used for your time, mostly that which will help in getting to showed The simple rule is "buy at the bottom and sell at the top". But i don't think this applies to all coins, it only applies to solid coins like bitcoin, ethereum and the likes, because they have stood the test of time and would surely find their way back up. But most of these new coins, if you buy at the bottom, the price might still go lower and keep you trapped there. so it is better to wait and see a clear move up before you get on the train to avoid fake outs.
I don't see this post have anything to do with FOMO
The simple rule is "buy at the bottom and sell at the top". But i don't think this applies to all coins, it only applies to solid coins like bitcoin, ethereum and the likes, because they have stood the test of time and would surely find their way back up. But most of these new coins, if you buy at the bottom, the price might still go lower and keep you trapped there. so it is better to wait and see a clear move up before you get on the train to avoid fake outs.
Fomo makes people do things which are irrational and more risky than necessary
Try to buy real assets which you dont need to buy dips and sell pumps. Buy a little from time to time and try make a good dolar average price...
Try to predict the market is crazy.
The loss of others is profit for some, that how the market works. FOMO’s are driving the market more exciting, but to avoid heavy losses stop buying bad coins and secure buying Btc or top coins in the market who you think that has potential.
Yes, it's super depends on what the coins are you talking about actually. The fomo is just some kind of trends that will make you want to buy something or make an investments. when you try to invest on some shady or you might not now what kind of coins is that, better to stay away, that's always works. make sure that everything is safe first and then you can go
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