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Topic: Why FOMO when a coin is pumping - page 3. (Read 1240 times)

legendary
Activity: 3010
Merit: 1028
Leading Crypto Sports Betting & Casino Platform
August 19, 2021, 10:32:19 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.
When the the price is still low people feel more difficult to think that their investment will grow from it because it feels like investing in a new coin with higher chance of failure and think that maybe the project will not become success in the future since most of projects will not easily become successful. But when a coin is pumping everyone think the coin will have promising future because it's pumping that means it's slowly become popular and prove itself to be worthy and maybe it's not too late for another pump but it's already pumping and most of people will be too late.
legendary
Activity: 2996
Merit: 1054
Leading Crypto Sports Betting & Casino Platform
August 19, 2021, 10:27:11 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.

Apart from heavy pumps, do you know that trading and riding of waves is more profitable than all this hodl strategy?
For example, you bought a coin and held everything on Wallet and you keep watching and  then it pumped by 200%, that's 2x of your investment but I'm very sure that you can't sell at that 2x because many will sell and you may end up by 1.5x but a trader hop in when he is sure that the market is about to kick and sell off immediately the market stop pumping, he will keep doing that and if care isn't taking, he may make more profit than the person that's holding.


If you come up in the right timing and it's indeed profitable, riding with the moving train gives you decent profits though it isn't easy as there are possibilities that you already riding at the peak and the next thing that will happen is the dump period.

But, it's always depends on you if you have that nerve to try your luck and see if the market will favor you in investing with the pump.

Your money always depending on how you perceive and how you interpret the market situation.
member
Activity: 560
Merit: 26
August 19, 2021, 10:10:04 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.

Apart from heavy pumps, do you know that trading and riding of waves is more profitable than all this hodl strategy?
For example, you bought a coin and held everything on Wallet and you keep watching and  then it pumped by 200%, that's 2x of your investment but I'm very sure that you can't sell at that 2x because many will sell and you may end up by 1.5x but a trader hop in when he is sure that the market is about to kick and sell off immediately the market stop pumping, he will keep doing that and if care isn't taking, he may make more profit than the person that's holding.
sr. member
Activity: 1302
Merit: 250
August 19, 2021, 10:06:53 AM
it is human nature that makes this happen and human greed.
when the coins are pumped in such an automatic way everyone wants to participate in taking profits regardless of whether it is small or large the important thing is that they can profit from it without doing research first and without thinking that the coins being pumped have gone too high. they only think about the advantages and disadvantages of it.
and actually those who do this are actually not just beginners but those who are already in the pro level of trading also do this a lot but they know the limits and know how he gets in and how he gets out. different from beginners who just enter without a clear calculation and get confused when this coin drops so they get a loss
hero member
Activity: 2856
Merit: 667
August 19, 2021, 09:43:06 AM
i think it is a coincidence. some people are able to read and understand the market. knowing that there is an opportunity for the token to go higher in the market, hence the reason for investing. some whom do not follow the market trust their instinct. they believed that the token will do well. some times it works out and sometimes it failed. i don't think any one looses money in the crypto world. all you need to do is invest in a top tier token and wait. 
What happens is every time there's a FOMO, it means new investors are coming to play again, I'm saying they'll play because they just want to ride with the hype and most of them just hope they'll get a big return in just a short period of time, but in reality, they'll end up panicking because they are unfamiliar with the market movement.
hero member
Activity: 1792
Merit: 536
Leading Crypto Sports Betting & Casino Platform
August 19, 2021, 09:19:42 AM
If you are going to think about it, most of these FOMO people are really just reacting to a rising trend and don't want to be left behind. So I guess this is more of a psychological thing or social thing rather an investment strategy thing. Maybe there is a herd behavior happening in here when there is a coin that suddenly goes up. All we have to do in hype and trending situations is really to make careful calculations and see if you will be able to buy low and sell high. It works for me.
jr. member
Activity: 182
Merit: 3
August 19, 2021, 07:14:59 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.
full member
Activity: 1470
Merit: 103
COMBO 2.0
August 17, 2021, 05:10:12 PM
Well the Simple answer is basically it can continue to pump again especially when the fundamentals around that project is really hot Take for example crazy projects like Solana and then compare its growth to the growth of bsc chain when it first started and merge the idea I think is basically known that you will get quick into those projects because of the feeling you might get from them My advice is simple if bsc can make it look for other fundamental coins similar to it and that too might just make it
member
Activity: 175
Merit: 10
ITSMYNE
August 17, 2021, 04:30:18 PM
i think it is a coincidence. some people are able to read and understand the market. knowing that there is an opportunity for the token to go higher in the market, hence the reason for investing. some whom do not follow the market trust their instinct. they believed that the token will do well. some times it works out and sometimes it failed. i don't think any one looses money in the crypto world. all you need to do is invest in a top tier token and wait. 
hero member
Activity: 2856
Merit: 667
August 17, 2021, 04:00:29 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

Hello, my friend. Stay awhile and listen...

That's behaviour is caused by human psychology, and if you fully understand how this works and how the crowds are being easily manipulated by the guys on the hill, you will definitely wake up rich one day Smiley

That also makes the price of a certain coin have a significant pump in just a short period of time, FOMO is not good because buying and that would result in someone being able to buy a certain coin with an overvalued price. It's usually effective for the short-term traders as they can just dump it again with just a small percentage of income, but for holders, the best time to buy is during the bear market.
legendary
Activity: 1722
Merit: 1014
August 17, 2021, 03:53:41 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

Hello, my friend. Stay awhile and listen...

That's behaviour is caused by human psychology, and if you fully understand how this works and how the crowds are being easily manipulated by the guys on the hill, you will definitely wake up rich one day Smiley
sr. member
Activity: 938
Merit: 251
August 17, 2021, 02:39:32 PM
When people FOMO into a coin,  it is  purely emotional instinct and it could lead to emotional rollercoaster ride! Fear of missing out get holds of people when they see price going up and they thought to themselves how they don't want to be left out!  The best decision during price action is to watch or leave except you are familiar with such coin,  don't get suck in,  you are likely going to lose!
member
Activity: 89
Merit: 10
The Standard Protocol - Solving Inflation
August 17, 2021, 02:18:18 PM
It is very rare for traders to get rich overnight, because all things need to process through time even in a few days, because not all coins can be hype as we want, so stay away from the concept and desire to get rich overnight because it is a very difficult thing to happen even though it is not impossible to happen.

You are definitely correct, you will not get rich overnight unless you win in a lottery, kidding aside. Thats really part of the game actually. FOMO and hyping a coin really spice trading. We tend to believe we can be rich but in a long period of time i guess.
full member
Activity: 1829
Merit: 134
Moderator
August 17, 2021, 12:13:44 PM
I see that some newcomers to the crypto market have had enough hype that they actually buy alt at current prices thinking that it will never go down or make rich overnight. but in fact it can happen the other way around because the price movement of a coin changes at any time. and people are losing money because they panic after the coin they bought goes down in price.

It's normal since they are newcomers and still understand about Crypto was really fluctuate, It also happens to me when basically try real trading for the first time (With intention to get profit) By joining some telegram group and telegram bot and basically it's common mistake for everyone when the price was rise they basically will buy and get stucked with that coin when it dumped and the just doing cut loss which make you loss, Experienced trader was also sometimes nervous but they can handle it more calmly.
full member
Activity: 1246
Merit: 103
August 17, 2021, 12:01:44 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

yes, I've also done things like, I started investing in altcoins that have been inflated in price, but I found normal prices, for example in BTt and aurora ! because I think that someday the coin will touch a higher price. therefore I ventured to invest.
I am optimistic by thinking that the crypto market never closes and the altcoins I invest in are not lost so that future opportunities should I take advantage of those profits.
sr. member
Activity: 1722
Merit: 269
August 17, 2021, 12:00:29 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

Well i think the name FOMO speaks for itself. People that are buying projects after they have already pumped a lot just look at how many times early investors have already multiplied their investment and just want that the same thing happens to them. Of course the fact that the coin already pumped makes it actually more unlikely that it keeps increasin in a significant way but a lof of time people just act emotional and therefore make mistakes. It's the same when you have a coin that is suddenly dumping. There are also people that realize that one of their coins suddenly lost 50% of it's value and instead of waiting until the price recovers they also dump their coins, which generates a chain reaction of more and more dumping. This kind of behaviour is just in the human nature, but it should be avoided when you are trading and holding cryptos.
hero member
Activity: 1694
Merit: 691
Vave.com - Crypto Casino
August 17, 2021, 11:48:23 AM
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
I think mostly is to get profit and take chance in a pumping scheme. It is common thing because people want something good to their life like profit, although most of them is late to sell and then when pump ended, they stuck with the coin and don't have any other choice to hold. For any condition of market, do analysis first is good to do, because it can help us calculate and maybe when we late to sell we can do something to gain profit when price bounced down.
full member
Activity: 994
Merit: 117
August 17, 2021, 11:29:04 AM
Because I think there is an opportunity to make a profit in a short time even though you have to be prepared to accept a big risk. this has happened many times and they all knowingly do it.
sr. member
Activity: 1050
Merit: 286
August 17, 2021, 11:26:05 AM
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
Those person who are FOMOs tend to let their emotions take over their decision making which leads them to regrets and mistakes. It is indeed exciting to watch and wait till another bull run arises but still you should take consideration of the factors that may affect or may stop the incoming bull run. As the become afraid that they are being left behind, they usually end up getting left behind for real as they lose lots of money as they buy at a very high price. Each bull run shows signs that it is getting near but those occurence can be deceiving and may guide you to failure instead of success.
sr. member
Activity: 700
Merit: 251
August 17, 2021, 11:01:26 AM
Maybe since they thought that the pump will continue for some more time, so even if they buy at that pump time, they can still gain profits for a bit, although not as much as when they buy it in the low price. However it's surely kinda risky though, since when the coin is pumping already, the chance that it'll go down will surely be high, when the coin is expensive, of course lots of people want to sell it and gain profits, thus the price will decline. but not many will understand it, or maybe they just like to take the risk. But I agree that FOMO is really scary sometimes. You can experience lots of loss because of that.
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