Why FOMO when a coin is pumping - page 2.

litepool.ru

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Quote from: livingfree on August 24, 2021, 07:22:30 PM

Quote from: litepool.ru on August 24, 2021, 07:28:04 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.

Most of the FOMO that I see.

They are just too late to invest and they think that it's best if they'll come along with the rise. But that's a wrong move and decision because just after investing.

The price of that coin that they fomoed goes down.

I understand the problem from the latecomers, who sometimes don't know they've turned into benefactors for this market. It's not trust, but stupid obstinacy to remain optimistic FOMO things are too late. However, recent developments are looking very good, but I think people will lose control of greed again and lose money.

SlimShadyMmp

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Seriously I don't like FOMOs but in some case there are exception When there is fundamentals and also the coin just started to pump maybe say like 50% and I just have a feeling that is going to really explored then I can buy and HODL through.. example is buying Sol when it starts pumping at 2-5 bucks will be a good plan now that is 75 bucks.. Managing FOMO is just the issue

livingfree

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Quote from: litepool.ru on August 24, 2021, 07:28:04 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.

Most of the FOMO that I see.

They are just too late to invest and they think that it's best if they'll come along with the rise. But that's a wrong move and decision because just after investing.

The price of that coin that they fomoed goes down.

mbakruroh

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Quote from: motun01 on May 03, 2021, 07:14:47 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

Of course they are buying coins when the price starts to increase, and you think the price is already very high, but the pope still says the price is still very low. We only buy a small part of the amount of crypto that exists, but many other investors are ready to buy in large quantities, so the opportunity for price increases is still very possible.

LongStand

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FOMO is a major factor to consider when swing trading in cryptocurrency because it is still largely driven by feelings rather than valuation. People buy at the top or hold during a dip after generating profits because they are afraid of missing out. When a coin is pumping, people FOMO the coin because they didn't want to miss out on the possibility to make money by producing it at a higher cost. FOMO occurs when people act on impulse because they are afraid of missing out.

litepool.ru

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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.

abul@kasem

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Quote from: lenovop-70 on August 24, 2021, 12:18:16 AM

Thats because newbie comes in, they think the market will always goes up without correction, and the whales were selling too high in over valuated price and then newbies trapped and soon will dump the price in panic and despair. FOMO coins only fit to buy and sell, not for a long term hold.

I totally related every word you said, i buy some shit coin that rise 200% , but i did not sell it because i thought it never goes down and very soon its dumped. ahh, i wish i read this msg of yours erlier.

Xampeuu

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Quote from: lenovop-70 on August 24, 2021, 12:18:16 AM

Thats because newbie comes in, they think the market will always goes up without correction, and the whales were selling too high in over valuated price and then newbies trapped and soon will dump the price in panic and despair. FOMO coins only fit to buy and sell, not for a long term hold.

No one can guarantee that FOMO coins are at high risk even if the price goes to the pump, it is much less likely to rise if it goes down. Bitcoin and ethereum commodities are better to choose for long term hold as newcomers have less knowledge about the market there will be no fear of losing them.

Fomo and Fud games on certain coins are fun and sad. if we can take advantage of the moment then we will get a lot of profit, but if we are greedy then the moment is missed until we seem to never find the fomo back on the coin. so from that it is true that if we are still beginners btc and eth can be an option

lenovop-70

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Thats because newbie comes in, they think the market will always goes up without correction, and the whales were selling too high in over valuated price and then newbies trapped and soon will dump the price in panic and despair. FOMO coins only fit to buy and sell, not for a long term hold.

Emmychris

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What causes people to FOMO into the market could be ignorance, most people see prices at low price and get scared to buy or invest in to the market and when price starts pumping they feel lazy and afraid to enter into the market because of fear of price correction but only for them to watch the price keep increasing and finally goes to buy the top just because of fear of missing out on the profit there feel they would get from investing in coin which there refused to buy at a cheap price.

livingfree

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Quote from: ?? on ??

With this type of investment strategy, it is more like the investor is pouring water in the basket, it would never get full. People that employ this type of trading strategy are mostly newbies and are too lazy to do research or don't even know what crytpo is all about.

Usually they really are the newbies.

FOMOing when they see everything goes up and thinking that they're too late already. Research is necessary, they probably have been doing that.

But about emotional control, they lack of it and that's when they get FOMO.

ogundowotoby01

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When a coin is pumping up in price on the chart is the wrong time to FOMO and buy into the cryptocurrency just because you see the price going up and you fear to miss out on tge potential profits. this is because by the time the price is pumping the smart Money had already accumulated their position when the price was low and they are the ones selling to the new money coming into the market so by the time the orders from the smart money investors don't been liquidated there wouldn't be new money coming into the market anymore and the prices start to drop. So the best time to buy altcoins bitcoin and other financial assets is when the price has dunped and the asset is undervalued

Kavidissa11

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True FOMO, on the other hand, frequently occurs during the bull run. Pump and dump are common in the market because to its volatility, but during the bull run, the pump is more prominent, causing consumers to become fearful of missing out. Actually, FOMO is bad because it overvalues a currency; it will only attract beginners who lack experience and are blinded by greed, but they will regret it once the bull run is over.

Koro-Sensei

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Quote from: motun01 on May 03, 2021, 07:14:47 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

That's the nature of newbies. Many of them got caught off guard with this FOMO. We have to control our emotions and invest on where the best to be. Doing our research is a must and not entering wrecklessly that could lead to a loss. Another thing is social media influencer who try to spread hype in a coin specially now that most people rely on social media for information.

RealMalatesta

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Quote from: projapoti on August 19, 2021, 12:28:24 PM

Quote from: Mr,flex on August 19, 2021, 08:14:59 AM

To me what i see in most cases is that some people don't like investing while the price is very low i they don't believe on the project but after seeing the increase and pumping of the market they got triggered and wanting to invest quickly by then is already late and it may occur and lead to market dumping.

You have pointed out the real reason. Most people do not research any new project. They are only influenced by others. And that's why they can't invest at the right time. It is already too late when they invest. Because of this they get very little profit or lose their money.

Another reason behind the hype is social media. When the price for a token is high, the entire social media will be praising heaps about it. Most of the crypto traders are actually immature and don't realize the worth of a token, instead look for the price and hype.

We may claim that our community has matured enough but the reality is that even today underage kids and students are trading crypto and we can't expect them to understand the value of the token. You will never see such hype and FOMO about a real-life project in the share market.

Remember guys, our crypto trading community is fairly young and it has only been a couple of years since we have crypto exchanges.

Hannahanto

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Lmao hustling backwards you say, it's more like not hustling at all been lost in an island. And I don't think FOMO will ever stop they'll always be FOMO for market to continue only the wise ones will learn From Their mistakes some repeat a mistake up to a hundred times predicting what if it works. I always tell my friends not to invest in any coin that's on bull or chasing a new ATH the probability of loss is very high big risk small reward.

omone1

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Well, the fear of missing out on the potential continuous uptrend is a major cause of FOMO. I sold about 1600 cake for $400 when I suffered impermanent loss from providing liquidity. The sad thing is that: cake never did dump below my sold price. I had to just buy over 300 with the hope that it will dump more, well it kept an upward trend, hadn't I FOMO, I would miss out in total regret. FOMO can be dangerous though like people who bought the ATH of ICP.

lixer

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Quote from: Mr,flex on August 19, 2021, 08:14:59 AM

To me what i see in most cases is that some people don't like investing while the price is very low i they don't believe on the project but after seeing the increase and pumping of the market they got triggered and wanting to invest quickly by then is already late and it may occur and lead to market dumping.

Yeah, everyone wants to invest in a coin that's rising in value. It makes sense to invest in projects doing good but one thing I have learned is that, find coins or projects that are relatively unknown and hidden and invest in them. Of course, analyze them and if they have the potential, only then you invest.

Coins with high exposure like EOS will never do too good because the coin has already gained enough eyeballs and the growth will be minimal while coins that are hidden like Solana were hidden for a long time, then it went big. That said, the chances of losing the entire investment are small when investing in known projects as compared to unknowns.

projapoti

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Quote from: Mr,flex on August 19, 2021, 08:14:59 AM

To me what i see in most cases is that some people don't like investing while the price is very low i they don't believe on the project but after seeing the increase and pumping of the market they got triggered and wanting to invest quickly by then is already late and it may occur and lead to market dumping.

You have pointed out the real reason. Most people do not research any new project. They are only influenced by others. And that's why they can't invest at the right time. It is already too late when they invest. Because of this they get very little profit or lose their money.

MonaLeeTracy

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Quote from: ?? on ??

Quote from: motun01 on May 03, 2021, 07:14:47 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

They are scared of missing out on the pumps that is happening and they want to get some profits too, normally people are not fond of buying the dips, about 70% of the investors normally come in when they see the coins pumping hard, they don't wanna buy the dips cause they feel the coin might keep falling down rather they prefer to buy during pumps because they believe it will continue going up, its natural people just prefer to fomo rather than buy at low prices.

most of them just want to make a faster profit under any circumstances. Usually they buy when they see the tokens have started to be pumped because they are afraid of missing the train so that they can have a small profit in their current condition. they will sell immediately when pumping up.

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