Do you have the FOMO issue?

[Henry]

The fear of missing out (FOMO) is a common trend used in the cryptocurrency sector to analyse those traders that buy crypto coins when the price has already pumped and end up selling at a loss. Are you that type of person?

 

[Dilip]

I have seen people do this because they do not understand the process well. They feel like it is a chance which they should not miss. But lack of proper preparation or study, when the price falls, they sell it off.

 

[Henry]

I have seen people do this because they do not understand the process well. They feel like it is a chance which they should not miss. But lack of proper preparation or study, when the price falls, they sell it off.

Newbies and even some experienced traders don't understand what retractment is all about. I believe that no matter how high a cryptocurrency pumps, it is always going to dump.

All you need to do is give it time, and it is going to happen.

 

[Dilip]

I believe that no matter how high a cryptocurrency pumps, it is always going to dump.

It is those who do not want to do the research but have enough money to invest.

 

[Frank]

The fear of missing out (FOMO) is a common trend used in the cryptocurrency sector to analyse those traders that buy crypto coins when the price has already pumped and end up selling at a loss. Are you that type of person?

Most traders should understand that whatever that goes up must surely come down, and you need to study how some of these coins behave before you can decide on investing. So, anyone telling you that you are missing out is not telling the truth.

 

[Henry]

Most traders should understand that whatever that goes up must surely come down, and you need to study how some of these coins behave before you can decide on investing. So, anyone telling you that you are missing out is not telling the truth.

In recent days, we have experienced some of the coins dropping in value. I have been around, and I know that this is definitely the right time to buy some of these coins.

 

[Dilip]

The time is not at all. So many wars and more wars trying to get into the picture. When there is prosperity around, every business thrives, the other way when things go wrong.

 

[Thomas]

This is something that is always very much applicable to those who newly joined the cryptocurrency market because they don't really understand how everything works.

But for someone who is already with a lot of experience in cryptocurrency, he doesn't usually make the mistake of falling into this kind of temptation when it comes to being afraid of missing out of an opportunity of making money with whatever the market is playing out.

 

[Prisca]

This is something that is always very much applicable to those who newly joined the cryptocurrency market because they don't really understand how everything works.

But for someone who is already with a lot of experience in cryptocurrency, he doesn't usually make the mistake of falling into this kind of temptation when it comes to being afraid of missing out of an opportunity of making money with whatever the market is playing out.

There are opportunities in the market. It doesn't even end no matter what. The coin that goes high must always come down.

 

[Donald]

If you don't pay close attention to how cryptocurrency price movement works and get your analysis correct, you will always be falling into doing the wrong investment because of your fear of missing out.

 

[Prisca]

If you don't pay close attention to how cryptocurrency price movement works and get your analysis correct, you will always be falling into doing the wrong investment because of your fear of missing out.

Yes, it is all about patience and being able to wait. It is always going to save you from a lot of stress that comes with trading.

 

[Christopher@]

I know how to study and carry out my market and price analysis of any cryptocurrency or Altcoins that I want to invest in. If the data I arrive at isn't good enough for me, I would never invest in a coin for any reason whatsoever. It's why FOMO isn't what bothers me.

 

[Henry]

Yes, it is all about patience and being able to wait. It is always going to save you from a lot of stress that comes with trading.

Waiting is very good when the coin has dropped in price before you decide to buy again. If you failed to do that, you will end up spending more than you planned at the end and that will result in losses as a crypto trader.

 

[Richard667]

The fear of missing out (FOMO) trend in the cryptocurrency is something that I have never bothered about ever since I started out my cryptocurrency investment journey. I've dedicated enough time in studying cryptocurrency to know making a rushed move is a very wrong one.

 

[Thomas]

There are opportunities in the market. It doesn't even end no matter what. The coin that goes high must always come down.

You're right. It is what a lot of newcomers to cryptocurrency need to understand because they are always feeling like they are being left out of the opportunity to make money which is why they make a wrong move when they are supposed to stay calm and observe how the market is behaving.