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Author Topic: The good and bad side of FOMO  (Read 5634 times)

Offline sturec22

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Re: The good and bad side of FOMO
« Reply #15 on: July 21, 2019, 10:42:13 PM »
If you know that the market is in FOMO and you are ready to sell I think fomo is a good thing for you.
But if you are in FOMO and do not know what you are doing, probably you are buying at the top and you will be losing money.
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Re: The good and bad side of FOMO
« Reply #15 on: July 21, 2019, 10:42:13 PM »

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Offline Alter

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Re: The good and bad side of FOMO
« Reply #16 on: July 21, 2019, 11:49:27 PM »
Quote from: corr on July 16, 2019, 09:10:10 AM
FOMO in the market is a normal phenomenon.

It is a normal phenomenon but shouldn't be followed because it has too high risks. You are better to join a project or buy a coin because of your research, not FOMO. I don't see a good advantage by following FOMO. Since it may make we are trapped at buying high rates. 
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Offline Quart

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Re: The good and bad side of FOMO
« Reply #17 on: July 21, 2019, 11:56:33 PM »
Well, that's right. Fomo may only give good ideas about the new coins that many people are looking for or interested mostly in the coin at that time. But the bad side is that probably the coin maybe not as good as enough. Therefore, the chance of the coin to grow is small and then leading to be shitcons.
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