Why FOMO when a coin is pumping | Bitcointalksearch.org

tabas

hero member

Activity: 3024

Merit: 745

Top Crypto Casino

Quote from: jack wira on September 24, 2021, 05:15:41 AM

When we play in the crypto world, of course what we are looking for is a profit, so why do some of them do fomo? I think maybe they have high hopes that they will get double profits, even though it was just a temporary bull run. even when the price goes down they sell it,
By reason of fear of losing their money even more.

Not only doubled profits but more than that and it is why many are fomoing when there's a pump. The thinking is that it will be an unstoppable race for that specific coin that's pumping and everyone can enjoy the ride but in reality, it's not like that.
And those who have bought late, they're the ones that will regret so do not do the same mistake just as you did before because me, I've done that before and now thinking many times before going fomo.

Impala8_

jr. member

Activity: 168

Merit: 1

I got a FOMO, so I have invested in Xfinite (XET) - an entertainment ecosystem that aims to introduce the next generation of digital media. The platform has developed new solutions to cater to modern customers by re-establishing parity between digital content producers, viewers, and publishers.

The project focuses on tapping blockchain technology to develop new use cases in the media industry. It has integrated blockchain-based solutions on Algorand to foster data-driven engagement, customer experience, and viewer-based rewards innovations.

I think it has all chances to be pumped.

jack wira

member

Activity: 490

Merit: 14

When we play in the crypto world, of course what we are looking for is a profit, so why do some of them do fomo? I think maybe they have high hopes that they will get double profits, even though it was just a temporary bull run. even when the price goes down they sell it,
By reason of fear of losing their money even more.

andriarto

sr. member

Activity: 1344

Merit: 253

Quote from: inanilujimi on September 22, 2021, 11:25:21 PM

Because they feel there is an opportunity to be exploited when there is a big fomo in the market, that's how it has been for a long time, of course all of that is done for short gains, even though most of them will suffer losses.

those who suffer losses are usually those who are greedy wanting to get even bigger profits, without them realizing that the market can experience a dump at any time, so many experience disappointment in the end. therefore it would be better if we are disciplined towards the initial goal to take short-term profits when fomo occurs

inanilujimi

sr. member

Activity: 1876

Merit: 259

Because they feel there is an opportunity to be exploited when there is a big fomo in the market, that's how it has been for a long time, of course all of that is done for short gains, even though most of them will suffer losses.

letyouearn

legendary

Activity: 1722

Merit: 1014

FOMO is just what you feel when something is growing fast and this asset is not presented in your fortfolio. It's just a greed. And this is not a logical behaviour

chaser15

legendary

Activity: 2688

Merit: 1065

Undeads.com - P2E Runner Game

Quote from: Rocky993 on August 26, 2021, 03:45:03 AM

When any coin is pumped in the market, its price will come in the next case and we will have to wait for that moment. Keeping an eye on the market, he will think of investing in any project.

Being FOMO is common. What's the mistake of the majority is expecting that coin will reach 100x, 150x, 500x, 1000x, etc.

It's not the worst move to join a pump coin as long as don't expect much on that coin that it will turn you rich overnight. Learn also to take profits as in every pumped coin, it's impossible not to break its pump and slowly touch its bottom.

Don't regret if after selling, the price went up more. Learn to be patient.

ogundowotoby01

jr. member

Activity: 117

Merit: 5

When when a coin is pumping is the wrong time to be I mean the fear of missing out because this is when every other person is getting on this ship but the morning from the traders of the coin when it was less in volume and this is when they will be selling. The absolute worst time to buy a coin is when it is close to all time high or when it is around that price I this means that the coin is an overbought position and can crash any time

Rocky993

copper member

Activity: 560

Merit: 1

When any coin is pumped in the market, its price will come in the next case and we will have to wait for that moment. Keeping an eye on the market, he will think of investing in any project.

wahyu wida

full member

Activity: 826

Merit: 100

Quote from: ?? on ??

Quote from: Pulsar77 on August 25, 2021, 02:56:03 PM

Quote from: motun01 on May 03, 2021, 06:14:47 PM

I always wonder why a lot of people fomo to buy a coin or token after the price has pumped. In this present bull run I've seen a lot of people FOMO and buy cryptos at a really high price and they quickly dump when they witness drawdowns.
Isn't that just hustling backwards?? Its almost like they are trying to loose money on purpose.
So i wonder why they FOMO to buy in the first place

Not all people have the same psychology. Unfortunately, there are a lot of people who FOMO or panic sell. These people are afraid of missing the chance of increasing their money. They see that many people are making an investment and making profit. They want to do it also. Then if the coin price starts going down, they start panicking. They are rushing things and this time they start panic-selling.

Emotions leads them to create FOMO, they are trying to ride with the train without really knowing the reason why the project is moving, there are articficial pumped that being followed by lazy traders.

Once the value start to dropped this same people who fears to lose more after buying at the peak are the one that will sell out.

fomo events will drain the emotions of traders. when the fomo occurs, traders rush to buy the coin so as not to lose the moment, especially traders without knowledge, they buy and don't immediately leave the market, until finally an anti-climax occurs and the price crashes. From that incident, of course, many people were happy, but there were also many who suffered

kawetsriyanto

legendary

Activity: 2226

Merit: 1086

duelbits.com

It is normal that people become interested to buy when looking at the chance to earn money instantly. When a coin price is pumping, people can see that the price continues increasing constantly and it is in a short time. People probably think that they also can earn money if they join it immediately. Sadly, when they buy the coin, the price is starting to decline because already reaches the highest rate. Some people prefer to keep it on wallets and wait for the next pump, while others decide to cut loss.

Insomnia family

member

Activity: 868

Merit: 10

i think,This is because people do not always have the patience to buy at the moment they are in the accumulation period and when they suddenly start to appreciate, there is the feeling that they can go further. In some cases they end up making a profit, but in other cases it is a loss. With experience people tend to make fewer mistakes.

Pulsar77

sr. member

Activity: 1876

Merit: 332

Quote from: motun01 on May 03, 2021, 06:14:47 PM

I always wonder why a lot of people fomo to buy a coin or token after the price has pumped. In this present bull run I've seen a lot of people FOMO and buy cryptos at a really high price and they quickly dump when they witness drawdowns.
Isn't that just hustling backwards?? Its almost like they are trying to loose money on purpose.
So i wonder why they FOMO to buy in the first place

Not all people have the same psychology. Unfortunately, there are a lot of people who FOMO or panic sell. These people are afraid of missing the chance of increasing their money. They see that many people are making an investment and making profit. They want to do it also. Then if the coin price starts going down, they start panicking. They are rushing things and this time they start panic-selling.

Fatunad

sr. member

Activity: 2226

Merit: 347

Quote from: MaiQwaN on August 25, 2021, 01:56:48 PM

Quote from: motun01 on May 03, 2021, 06:14:47 PM

I always wonder why a lot of people fomo to buy a coin or token after the price has pumped. In this present bull run I've seen a lot of people FOMO and buy cryptos at a really high price and they quickly dump when they witness drawdowns.
Isn't that just hustling backwards?? Its almost like they are trying to loose money on purpose.
So i wonder why they FOMO to buy in the first place

For many people, it is easier to act, looking back at how everyone else is doing, rather than giving yourself the trouble to spend your time and energy on your own studies and your own analysis of projects and coins, before starting investing. The usual human desire to make money by accident, without making serious efforts.

We do go into those path on where it is on the the easiest part or doesnt really like to put much effort on studying and researching up everything.When they do saw something
which is really on trend or really the main talk of the town then they do tend to jump in without further verification or having some research and this is where most people do
really end up on getting scammed or lost their investment because they werent aware that a certain coin is already on peak or already in Fomo state.
Yes, it isnt easy to determine the situation but having some sufficient experience into the market will really give at least some idea.

monineklutak

sr. member

Activity: 1890

Merit: 252

The OGz Club

Quote from: MaiQwaN on August 25, 2021, 01:56:48 PM

Quote from: motun01 on May 03, 2021, 06:14:47 PM

I always wonder why a lot of people fomo to buy a coin or token after the price has pumped. In this present bull run I've seen a lot of people FOMO and buy cryptos at a really high price and they quickly dump when they witness drawdowns.
Isn't that just hustling backwards?? Its almost like they are trying to loose money on purpose.
So i wonder why they FOMO to buy in the first place

For many people, it is easier to act, looking back at how everyone else is doing, rather than giving yourself the trouble to spend your time and energy on your own studies and your own analysis of projects and coins, before starting investing. The usual human desire to make money by accident, without making serious efforts.

Thoughts like that we should throw away because after all when we want to get something we have to try first,
certainly not easy and will take a lot of time and energy when we analyze projects or coins,
but we will also get the same result

MaiQwaN

sr. member

Activity: 1036

Merit: 250

Quote from: motun01 on May 03, 2021, 06:14:47 PM

I always wonder why a lot of people fomo to buy a coin or token after the price has pumped. In this present bull run I've seen a lot of people FOMO and buy cryptos at a really high price and they quickly dump when they witness drawdowns.
Isn't that just hustling backwards?? Its almost like they are trying to loose money on purpose.
So i wonder why they FOMO to buy in the first place

For many people, it is easier to act, looking back at how everyone else is doing, rather than giving yourself the trouble to spend your time and energy on your own studies and your own analysis of projects and coins, before starting investing. The usual human desire to make money by accident, without making serious efforts.

pealr12

hero member

Activity: 1946

Merit: 502

Because someone people probably thinking that they can make quick profit from the pump before the price dump, otherwise I don't see any other reason why someone will fomo into a coin that is already pumping so much, once I see a coin is more than 10% high I find it difficult to jump it because from there on anything can happen, it can start correcting back and you will be forced to sell at loss if you are not ready to hold till price reverse back up. Not a wise thing to do.

armanhusni

full member

Activity: 644

Merit: 100

I believe the main reason why people are afraid to miss out (FOMO) when coins are pumped is due to little or insufficient research. If we want to do some research on several digital currencies, it is better to enter at the right time so as not to become a victim of Fomo. I noticed that most of the victims of FOMO are those who always do research when the market is conducive.

Shallow

sr. member

Activity: 938

Merit: 255

SmartFi - EARN, LEND & TRADE

Right from a long time ago, FOMO has done more harm than good and yet a lot of people seems not to learn from it. Months ago, the market was in red, many didn't bothered to buy their favourite coins and tokens, while many kept adjusting their buying price with the mindset the market will dump more, until the market started picking up, yet they didn't buy, now the market has shown a very good recovery, they will start FOMO into coins they would have bought at a cheaper and better price.
Well, some would say, it is a 50/50 thing, that is, it might work or might not work, but i would say, it is not worth it.
There are many coins and tokens in the market, when you miss an entry into a coin, don't bother chasing it, however look for others which are yet to pump and buy in, then be patient. Moreover, if you want a coin for long term and it has moved already, it's better to wait because an entry will always come up.
Lastly, I think those who FOMO into coins when it's pumping are people after fast or quick profits.

H1N1

full member

Activity: 812

Merit: 100

Quote from: litepool.ru on August 24, 2021, 06:28:04 AM

Very simply, the loss of control of greed for the uninformed, or it is a real opportunity for those who see a profit from FOMO. One thing is for sure, most signals to prepare for an outburst are rather vague, like turning rumors into facts.

Well, some people doesn't need to be informed about the project of the coin, they just wait for a pump.
When the coin pumps, many people will look into the coin and try to find the opportunity to buy with a good price before it pumped harder.
That's why FOMO will be occurred when the coin pumps.

Topic: Why FOMO when a coin is pumping (Read 1240 times)