Topic: Why FOMO isn't as bad as people make it seem. (Read 581 times)
The pro traders knows what how to play the game. You don't go all in even at the time you feel the dip is ending. For a buy signal, it must be clear that it's a buy and if it will range or retest some points, it shouldn't knock you out. Trading fake outs is not fomo, it's just a wrong trade timing.
Friend, fomo is still not a good thing for us because it will gives profit for some certain people only.
It became a method to pump and manipulating the price of the coin and this is not healthy, but it is only my opinion though.
I prefer to buying some good coins than some coins that having fomo.
what is clear is that don't just get carried away with emotions when trading or investing, it can mess up the analysis, so you tend to decide to buy or sell just because of fear (FOMO). Doing deep research before trading and investing is very important, it can provide the right timing to enter and exit the market before any losses occur. Meanwhile, when fomo, we only do activities based on the flow, we can drift away and don't have full control, luck might be there if you can get out before it's too late. It became a method to pump and manipulating the price of the coin and this is not healthy, but it is only my opinion though.
I prefer to buying some good coins than some coins that having fomo.
The reason why is FOMO is bad sometimes because it leads to buy high sell low situation instead of buying low sell high that can lead to excessive loss which happened to me quite a bit during my early crypto days lol.
FOMO can be good (sometimes) but FOMOing on already 200% up projects can be bad IMO.
The fomo is created by those people who buy high and sell low. When something goes up 50% they suddenly got a lot of excitement over what that has already happened, they will write everywhere like "will bitcoin be 1 gajillion dollars!!!" and whatever which will create a huge FOMO. I personally do not think that any increase should be stay away deal, sometimes prices go up and follow that up with another going up, but why risk it? Buy stuff when they are low.FOMO can be good (sometimes) but FOMOing on already 200% up projects can be bad IMO.
However what people who do FOMO and lose money defend themselves with the fact that when bitcoin goes down you can buy it and go up, but when some weird altcoin goes down it may actually stay low for a long time as well, because it is altcoin and it could never go back up if it is a scam altcoin so they try to get in whenever they can.
FOMO is like a tool, it can easily manipulates you in the wrong way or in the right way, it's left for you, if any project has a strong FOMO it's your duty to do deep research first, don't care about missing out or not, this will safe you from unthinkable losses, FOMO is as bad as good as it is, be wise
It's hard to spend time studying a project when you see the chart moving up. If this growth is from 10 dollars to several thousand, then many people do not think and immediately throw their money into the project. Personally, I have made one important rule for myself that it is not worth investing in highly popular coins, because they can go down at any time, as it was not so long ago with YFI.
because most people get a loss when Fomo occurs, let's say some people buy when a coin has been pumped very high.
and they say that the coin is bad because it does them a loss, but not if they can control themselves and read the charts before buying.
and they say that the coin is bad because it does them a loss, but not if they can control themselves and read the charts before buying.
fomo will make people forget and will go with the flow even though it is very unlikely to be followed.
when there is money on a coin and it has experienced a high increase of up to more than 50% in 1 day there will be an idea that the coin will still move up.
when in fact it does not necessarily increase and tends to fall after the increase.
when there is money on a coin and it has experienced a high increase of up to more than 50% in 1 day there will be an idea that the coin will still move up.
when in fact it does not necessarily increase and tends to fall after the increase.
Many unaware traders falls from this scheme, whales and pumped groups are good in playing with traders emotions, with such increase they easily been moved to ride in.
It's the very common thinking that buying in such rush will benefits them and will not let them left behind, those who able to buy then sell as quick as they can will bring home the bacon, while those who are slow and greed will lose a lot.
You need tp be quick if you are riding with the fomo's the ride will be sort so know
your stop point and bring something to your investment.
In this space, its virtually impossible to know the exact time to buy. Some persons prefer buying low and selling high, but atimes the value of the tokens may be on the verge of extinction and buying low could make one a bag holder of shit tokens. There's no doubt that atimes, this strategy could make one earn maximum income because the project may recover from her depression and face the moon. In every situation, its best to invest only what you can afford to loose.
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 agree with you that it is easier to invest in cryptocurrencies that are already established in the market, and even if their price goes down, then after one thing it will return to the previous positions and become higher, it's only a matter of time. There are many questions about new cryptocurrencies, especially those whose prices are growing rapidly, and I would not invest in them. But not all new cryptocurrencies are dangerous to invest in them. For example, there are those who have their own working product and their growth is conditioned. I believe that you need to invest consciously and not rush so as not to lose your funds.
fomo will make people forget and will go with the flow even though it is very unlikely to be followed.
when there is money on a coin and it has experienced a high increase of up to more than 50% in 1 day there will be an idea that the coin will still move up.
when in fact it does not necessarily increase and tends to fall after the increase.
when there is money on a coin and it has experienced a high increase of up to more than 50% in 1 day there will be an idea that the coin will still move up.
when in fact it does not necessarily increase and tends to fall after the increase.
FOMO is like a tool, it can easily manipulates you in the wrong way or in the right way, it's left for you, if any project has a strong FOMO it's your duty to do deep research first, don't care about missing out or not, this will safe you from unthinkable losses, FOMO is as bad as good as it is, be wise
FOMO offers a better price for any asset. The higher the peak, the higher the bottom, the effect of FOMO.
Most people buy and sell according to technical analysis, price model, I think that's better than FOMO. In the Crypto market, where more than 80% of projects grow through marketing, the actual value brought about by cryptocurrencies is very small and only a handful of projects are useful. Consider qualitative and quantitative rather than stupid advertising.
Most people buy and sell according to technical analysis, price model, I think that's better than FOMO. In the Crypto market, where more than 80% of projects grow through marketing, the actual value brought about by cryptocurrencies is very small and only a handful of projects are useful. Consider qualitative and quantitative rather than stupid advertising.
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.
Yes, certain strategies only applies to solid project otherwise if you apply this to shit coins you will definitely get rekt in the process, it is better to watch that new coin closely for sometime and see the market behavior before you can decide, especially when the team are actively developing the project, most new project don't worth the trouble, the developers are also short-term seekers so once they hit their target they stop developing and that will be the end of that project.
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.
Bitcoin and ETH won't give you the type of ROI those 'untrusted' altcoins will give if they were to later succeed and not disappear. I guess this is the reason traders take the risk investing in them.FOMO isn't that bad simply because it can leads you to be in profits sometimes but not every time so its more like how early you enter into the ship and exit at the perfect time before it gets drowned.But there is no other reasons to call it as good, and even you are manipulated so don't become someone who make decision for other's profits.
Honestly, I don't know which is better; FOMO or FUD? But I think while FUD saves you from incurring losses but preventing you from making profits and a good ROI, FOMO gives you that anxiety to buy on impulse and possibly record losses and regrets. You know, when YFI got to over $30,000 traders chased the price up to $40,000+ because of FOMO. Now YFI is trading below $14,000. Those who bought ATH are still licking their wounds from that action. The same thing happens to those who bought Bitcoin at ATH in 2017 and Bitcoin is yet to revisit the $19,000+ ATH till date. I rather fall a victim to FUD than to FOMO. 
FOMO isn't that bad simply because it can leads you to be in profits sometimes but not every time so its more like how early you enter into the ship and exit at the perfect time before it gets drowned.But there is no other reasons to call it as good, and even you are manipulated so don't become someone who make decision for other's profits.
You accept risks and join FOMO parties. Good or bad it depends on each time you join FOMO party and how soon or late you join it. With FOMO parties, the later you join them, the higher risks of losses you will get. FOMO parties never last too long.I disagree with this because you could definitely always buy at the bottom and sell it at the top but the challenge is when you will buy it. This should already be a common rule for everyone. If you check all the charts of the coins, there would always be a lower low and a higher high. What you would do as a trader is when you are going to trade, what indicators tell you to trade, limit positions, limit risks, and many more. It's not going to always be about FOMO, it's about being smart with what you are trading.
Buy the bottoms, sell the highs and make a schedule when you will make your sellings. Your plan and your patience will help you get profits if you buy at good price (should be at bottom). Sad to say, even if you buy at bottom, you still can get losses if you don't have enough patience and shake your weak hands before the days your investments turn to be profits. 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.
Been there. Way back in 2018.
Forgot the name of the token.
Bought like 200k in amounts of the token because it's cheap. Suddenly it fell down really crazy.
It became dust.
After that, I started to just stay with the trusted coin. Don't want to experience the same hell again.
Even though it's cheap, that's still money that could have been bought for another coin.
I've make good money through FOMO on few coins but lost more, what I've learnt so far about FOMO is never jump into any new projects especially if you have no knowledge about what the project is all about, beware of pump and dump coins because they create the most biggest HYPEs around the web
Yes, most cases of getting into FOMO on new projects lose all of their money. New projects are difficult to get back to their original prices, most new projects devalue until they become a pile of trash.You have the good fortune of having FOMO on big and prestigious projects, my advice is if FOMO is on new projects get out of it as quickly as possible.
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.
Agreed, but i think it also happened in bitcoin,ethereum or to all coins in general specially on bear market when all coins are on downtrend position. When you bought at the dip thinking that is the buttom but the price still go lower, so it is better to do when the price of a coin you want to buy is in downtrend dont use your all funds to buy all at once better to buy it slowly and small amount like 25% of your funds per purchase. 
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.
Can you pls explain why you have chosen another question as a title and explained another thing? Maybe I didn't understand the meaning of the question but other users also have asked similar questions too. The FOMO has no relationships with buying low and selling high, AFAIK. Price traps can be found on all charts without paying much attention but FOMO is totally different edition version of super high demand by investors during bullrun.FOMO is about the not resisting yourself to buy more while the buying low-selling high is a brick of trading profession. 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.
Trading little-known coins is very difficult. Because their price is most susceptible to manipulation by big-money players. They can throw a few million dollars into creating a hype around one of the weak coins, they will start buying it, the price will rise quickly, which will arouse the interest of other people. When people start buying this coin EN masse, the big player will sell them all their coins and leave. Because of this, the price will fall forever and will no longer grow. Such situations are quite common.
I think I understand what the OP is trying to say, he/she is talking about riding a trend, it is true we can not fight a trend, in a bull market waiting to buy the bottom will make you lose on great gains, but the most important thing when buying these tokens is that you are comfortable holding them because some of them might not perform the way you plan
Your title do not relate correctly with your write up, but to start with it first, FOMO is not encouraged in any way and many atimes it has been proved to be bad; well this is my opinion.
Secondly, you are right with your post about most coins. Buying Bitcoin and Ethereum most times comes with no problems or worries about when the price dumps, and if it will rise again, this has happened many times and those who bought low smiled at the end. But in the case of new projects, it is never advisable to buy at the top or even what we might thought to be the bottom, many people who did this regretted a lot, therefore just like you suggested, one need to be sure of the team's plans and the movement of the price before buying. On the other hand, most new projects, once you sell at a good price it's better to just move on and remove the idea of investing again.
Secondly, you are right with your post about most coins. Buying Bitcoin and Ethereum most times comes with no problems or worries about when the price dumps, and if it will rise again, this has happened many times and those who bought low smiled at the end. But in the case of new projects, it is never advisable to buy at the top or even what we might thought to be the bottom, many people who did this regretted a lot, therefore just like you suggested, one need to be sure of the team's plans and the movement of the price before buying. On the other hand, most new projects, once you sell at a good price it's better to just move on and remove the idea of investing again.
I could not relate the OP with the topic at all but let me give my honest opinion about FOMO and how it can be good and disastrous for people.
A new token comes into the market and you invest because of the FOMO (fear of missing out)
1- The token actually had a solid plan and you make the decision of your life and make millions
2- The hype was fake which is usually the case and you lose all the money you invested.
I was once a victim of FOMO and I bought a big amount of Coinstarter token because that time it seemed like it will be huge and they had a solid plan and enough marketing to trap investors. But after investing I had sleepless nights because the token never got up to even 80% of expected value and I had to sell them at a big loss.
A new token comes into the market and you invest because of the FOMO (fear of missing out)
1- The token actually had a solid plan and you make the decision of your life and make millions
2- The hype was fake which is usually the case and you lose all the money you invested.
I was once a victim of FOMO and I bought a big amount of Coinstarter token because that time it seemed like it will be huge and they had a solid plan and enough marketing to trap investors. But after investing I had sleepless nights because the token never got up to even 80% of expected value and I had to sell them at a big loss.
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 believe what you say. Because some time ago I experienced something like that. If it's a new project, that can't be true. Because what happens is when the price is below. that doesn't mean we can go in and invest, because what happens after that is the price continues to fall and fall.
I've make good money through FOMO on few coins but lost more, what I've learnt so far about FOMO is never jump into any new projects especially if you have no knowledge about what the project is all about, beware of pump and dump coins because they create the most biggest HYPEs around the web
Correct! new projects mostly being played by developers and some whales behind,
if you will take your chance better to make sure that you have good knowledge in
order for you to enter and exit in the right timing.
As soon as I read the title I thought you would say something about FOMO, however you are talking about buying at the bottom and selling at the top. Of course, every investor wants to do that, but it's very unlikely to happen.
As for FOMO, for every investor in this market it's a bad thing and everyone wants to stay away. To be successful, you need to invest based on your decisions, not on market trends.
As for FOMO, for every investor in this market it's a bad thing and everyone wants to stay away. To be successful, you need to invest based on your decisions, not on market trends.
Every investors who experienced bad things with foming inside the market, leaned things in the hard way, you
should always balance everything before taking any decisions, fomo is not good as the percentage of risk is far
higher than the chance that you'll be able to compensate.
As soon as I read the title I thought you would say something about FOMO, however you are talking about buying at the bottom and selling at the top. Of course, every investor wants to do that, but it's very unlikely to happen.
As for FOMO, for every investor in this market it's a bad thing and everyone wants to stay away. To be successful, you need to invest based on your decisions, not on market trends.
As for FOMO, for every investor in this market it's a bad thing and everyone wants to stay away. To be successful, you need to invest based on your decisions, not on market trends.
I've make good money through FOMO on few coins but lost more, what I've learnt so far about FOMO is never jump into any new projects especially if you have no knowledge about what the project is all about, beware of pump and dump coins because they create the most biggest HYPEs around the web
Mate, I'm a little bit confused with the Thread title, But it's okay I can handle it, by the way, let me take my opinion about it, FOMO means "Fear of missing out", in reality, the FOMO in the crypto Industry brings some bad for others, and bring some good for the others also, But there was no FOMO that begins with the lower bottom as you said, All FOMO events are driven the coin/token price upward, because of the fake demand created by FOMO from unsuspecting investors/buyers. that was my opinion.
...When the FOMO ends, people who bought late will unable to sell it higher than they buying price, this is of course what we don't want at all.
My conclusion is, FOMO is good for early buyer, but it is bad for late buyer.
My conclusion is, FOMO is good for early buyer, but it is bad for late buyer.
In any case, it is better to get a small profit than a big loss. Therefore, an experienced trader will not try to buy a coin at the very bottom, because it can still lose more in price. It is easier to wait for confirmation when a reversal formation occurs and the coin begins its upward movement.
The reason why is FOMO is bad sometimes because it leads to buy high sell low situation instead of buying low sell high that can lead to excessive loss which happened to me quite a bit during my early crypto days lol.
FOMO can be good (sometimes) but FOMOing on already 200% up projects can be bad IMO.
when you already know that there is a FOMO which has an influence on the price movements of a coin, then my advice is not to enter and participate there because it will make you stuck on that coin and of course some time in the future the price will collapse and become cheap again due to price movements what is generated from FOMO cannot guarantee that it will keep going up. FOMO can be good (sometimes) but FOMOing on already 200% up projects can be bad IMO.
The reason why is FOMO is bad sometimes because it leads to buy high sell low situation instead of buying low sell high that can lead to excessive loss which happened to me quite a bit during my early crypto days lol.
FOMO can be good (sometimes) but FOMOing on already 200% up projects can be bad IMO.
Often to happens when we are buying during the coins when seeing the price started to pump and if we tried to analyze it, definitely dumps will follow right after the surge. This scenario is not new to us, we already knew this since before. And it is a big mistake but somehow many were still not able to catch it and learn. That is why I'd never wanted to read the news, FUDs could start FOMO, and people started to get crazy once the drops started and immediately sell their cryptos. FOMO can be good (sometimes) but FOMOing on already 200% up projects can be bad IMO.
The reason why is FOMO is bad sometimes because it leads to buy high sell low situation instead of buying low sell high that can lead to excessive loss which happened to me quite a bit during my early crypto days lol.
FOMO can be good (sometimes) but FOMOing on already 200% up projects can be bad IMO.
FOMO can be good (sometimes) but FOMOing on already 200% up projects can be bad IMO.
There where several times where I second guessed myself and spent an extra day researching something while it mooned. By the time I was ready to buy in it was twice as expensive.
The majority of newcomers fall to fomo after which they will try to hold on to wait for the price to rise again, which is the way to go wrong.
Many garbage projects after falling will never be able to return, if you fall on fomo you should try to get out of it as quickly as possible.
In the end I think that FOMO is not good for investors, it's best to make your own judgment, not invest according to the trend of the market.
Many garbage projects after falling will never be able to return, if you fall on fomo you should try to get out of it as quickly as possible.
In the end I think that FOMO is not good for investors, it's best to make your own judgment, not invest according to the trend of the market.
It's still about winning and losing, sometimes FOMo helps and sometimes they are bad news, I suggest doing research on the project first before joining the FOMO, most projects are simply pump and dump so you need to be very careful, research should come first
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.
Traders should know when to buy or to sell and own up to it. But the thing is, no one actually "knows", specially with coins so volatile. I still wouldnt blame traders who buy because of the fear of missing out tho, after all, if they took the chance, they might also profit from it.
First of all, the subject title isn't related to the OP's post that it makes the readers confused.
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.
I might agree with you with this. Those trusted coins will surely go back up since it is a cycle. It will go down then it will go up then down then up.
Buying at the bottom and selling at the top is easy to say but in reality, even the professional traders don't even know which is the bottom of it. The best thing to do is to have a strategy and plans that will help you when to buy and when to sell and not buying the bottom and selling at top because it is very hard to predict.
I might agree with you with this. Those trusted coins will surely go back up since it is a cycle. It will go down then it will go up then down then up.
Buying at the bottom and selling at the top is easy to say but in reality, even the professional traders don't even know which is the bottom of it. The best thing to do is to have a strategy and plans that will help you when to buy and when to sell and not buying the bottom and selling at top because it is very hard to predict.
but you didnt explain why the fomo isnt bad , what you explain instead is buying low selling high . you dont need to include new coins on your explanation because you said old coins are only applicable on the buy low sell high principle . back to fomo , fomo is not bad if done right . whenever there is decline in btc or even if there isnt , people should do fomo on it buy buying btc's. not only this works better on btc but it can also be done on other solid coins . fomo on reverse is the one that is bad to do because it leads to losses for both the coin user and to the coins ( coins drops in value )
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.
Following the FOMO hype is not wrong, but you have to think before purchasing because if you are trapped, then you will lose. Follow the Fomo that just happened. For example, yesterday, filecoin was accused of being a scam by Justin. Then you have to quickly short 1-2 minutes after the news of the scam accusation out. In essence, you have to understand a good time to buy.
Your best bet is Bitcoin, even if you buy high you will have the full confidence that it will recover someday, why? Because Bitcoin is here to stay and it's the strongest, unlike new altcoins that can fade away in just few years, I'd create room for FOMO if it's from Bitcoin
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.
Probably you seem to have a different definition of FOMO. Como is generally used in the sense that you know that the coin is over valued but you still end up buying it thinking you may not have the chance to buy.
It is often created by social media hype. Just have a look at the farming tokens and the people who fomoed into it.
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.
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.
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
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
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How FOMO(Fear Of Missing Out) related on the content of this thread. You will FOMO when you see a certain currency pump and FUD when the price dump. If you know Technical analysis, You can easily determine whether the current price is already at the bottom or not, well you can't buy at the exact bottom price because its very hard to determine but you can enter a position that close to the bottom.
The reason why newbie traders got trapped on a fake out is because they didn't know how to use indicators that can help them to determine the range of how far it can go down. Normally they buy when they a long red candle without considering the volume and charts on the long time frame.
The reason why newbie traders got trapped on a fake out is because they didn't know how to use indicators that can help them to determine the range of how far it can go down. Normally they buy when they a long red candle without considering the volume and charts on the long time frame.
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.
I disagree with this because you could definitely always buy at the bottom and sell it at the top but the challenge is when you will buy it. This should already be a common rule for everyone. If you check all the charts of the coins, there would always be a lower low and a higher high. What you would do as a trader is when you are going to trade, what indicators tell you to trade, limit positions, limit risks, and many more. It's not going to always be about FOMO, it's about being smart with what you are trading. 
Well, that is not wrong. FOMO still can makes you gain profit indeed, but the profit usually comes from the loss of late buyer. 
When the FOMO ends, people who bought late will unable to sell it higher than they buying price, this is of course what we don't want at all.
My conclusion is, FOMO is good for early buyer, but it is bad for late buyer.
When the FOMO ends, people who bought late will unable to sell it higher than they buying price, this is of course what we don't want at all.
My conclusion is, FOMO is good for early buyer, but it is bad for late buyer.
I will like to make a contribution about the topic, FOMO isn't actually bad if the project is a high quality one, there will always be a room for more growth, but it's also better to get in real quick and judge from the exact ICO or IEO price, I remember DIA, I got in at 2.33$ when the bull started and it keeps surging, i sold at 4$ each and wait for price dump, always expect price dump from any new altcoin no matter how strong they seem, price will surely dump, take your profit and wait to see what happens
FOMO isn't that bad simply because it can leads you to be in profits sometimes but not every time so its more like how early you enter into the ship and exit at the perfect time before it gets drowned.But there is no other reasons to call it as good, and even you are manipulated so don't become someone who make decision for other's profits.
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.
This is quite too far from the title. I was expecting that you explain why FOMO isn't that bad and yet I just read that you are advising people to buy low and sell high. As the way I see it, FOMO is really bad because it takes away our sense of reasoning and most people that fall into FOMO often at the losing end. The problem with buying at the bottom and selling at the top is that we never know when that will happen. Even people that is so brilliant with TA cannot predict precisely the bottom and the top of the trade.
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.
This definition has called a "catching a falling knife" by traders and pro traders know the right time to accept the loss. Cutting the loss is the job of an experienced trader, only new traders prefer to HODL until the market colour turns to be green. There is no formula to find the bottom or tops, we just make guesses and if the majority of guesses are correct then the profit will follow. Catching a falling knife will hurt the hand of inexperienced traders because they don't have gloves aka stop orders but pro traders can repeat this well-planned money management for getting the higher profit from the mentioned type of sentimental trades.
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.
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