Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: tonymillions84 on March 13, 2020, 03:46:28 PM
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COUPLED with the high rate of liquidity taking place on cryptoexchanges. many people are panic buying. i did twice and the price is still dropping. i think now is the time for everyone to control his/her tempo and trade without fear. so many people bought at 7,000 thinking that will stop at that price, some bought at 5, while some bought at 6k. we are to ascertain where this bear will ends.
so help us God.
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In any case, the current fall in the cryptocurrency market is temporary. Governments have now begun to take tough measures to prevent the further spread of coronavirus. People stock up on food in order to wait a certain time to wait for this period of the spread of the virus at home, as always in such cases, panic occurs. Therefore, there is a shortage of cash, cryptocurrency is being dropped, which, because of this, falls in price. Those who are now buying bitcoin for $ 5,000 - $ 6,000 should continue to make good profits.
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I bought at $9k so I am still hodling because I know it is temporary. It would be awesome if I still have spare money to spend but I only allow a few bucks for this so let's just be patient. This challenge will also pass.
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Now it’s very difficult to say when this fall will end, so it’s best to just wait out all these drops if you have already invested in cryptocurrency, and if you have not invested in cryptocurrency yet, now is a good time to invest, but do not forget about the risks.
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COUPLED with the high rate of liquidity taking place on cryptoexchanges. many people are panic buying. i did twice and the price is still dropping. i think now is the time for everyone to control his/her tempo and trade without fear. so many people bought at 7,000 thinking that will stop at that price, some bought at 5, while some bought at 6k. we are to ascertain where this bear will ends.
so help us God.
It's due to the coronavirus scare, the market was affected by the massive decline in the most cryptocurrency prices in the market. But for those who are brave its the best time to accumulate more coins/tokens because I'm pretty sure this season won't last long and it will back to normal as soon as the Covid-19 effect will subside.
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Relax and understand the market. At the moment I'm not sure about buying crypto. There is still a possibility of going back down because of many problems that occur at this time. I'm thinking whether halving failed to increase prices?
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So many peoples will loss their money just becasue of this news and ll over the world market is so much infected becasue of this news and also the corona virus.
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Most traders trust crypto signals more than analyze how the crypto market conditions are on that day so that many traders suffer losses. Need understanding to analyze charts from the crypto market
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still, everyone has a chance to take a big profit. If this epidemic problem solved then its possible that we will see another bull run after the btc halving. I think its the best time to fill up your bag and hold your share. There must be a bottom and I think that's the bottom for now. Price is still between 4500$ to 5500$. So no need to panic.
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As soon as this virus has subsided, there will be inflow of many people back to business as usual. It obvious that crypto will definitely bounce back stronger, though not sure of a worst prices senero, but in a little time, say few weeks from now, there will be some recovering.
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For five days now, the cryptocurrency market has practically not fallen. Bitcoin is held at 5100 - 5200 dollars. It seems that people have cashed out part of their cryptocurrency to solve urgent problems associated with the coronavirus and are still waiting. On the one hand, it is no longer profitable to sell cryptocurrency at such low prices, and on the other hand, they have not yet invested in it.
Of course, such a situation cannot last long. If the virus declines, the cryptocurrency market will recover quickly.
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For five days now, the cryptocurrency market has practically not fallen. Bitcoin is held at 5100 - 5200 dollars. It seems that people have cashed out part of their cryptocurrency to solve urgent problems associated with the coronavirus and are still waiting. On the one hand, it is no longer profitable to sell cryptocurrency at such low prices, and on the other hand, they have not yet invested in it.
Of course, such a situation cannot last long. If the virus declines, the cryptocurrency market will recover quickly.
Yes, that's right. Now Bitcoin has even begun to rise in price, however, showing high volatility. Last night, the CoinMarketCap table showed the price of bitcoin 6408 dollars, today it again fell slightly to 6194 dollars. In the fight against coronavirus, positive shifts are outlined, so the cryptocurrency market should gradually recover. Given the upcoming events in May, I think that the recovery will not be very long in time.
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The current price is still not yet ascertain. we might fall back to 4000k as a result of the current crisis rocking the whole world. for the first time in life, we are faced with a pandemic raveging the whole world with little or no sign of recovery. we pledged our allegiance to God Almighty to savage this situation.
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Why not follow FOMO if it is profitable? I think panic buy in the right way and time are indeed good. But currently it is hard to find out people who are not affected by FOMO once it is related to Bitcoin. However, please learn carefully the coins before you buy it.
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For sure you know that back then you did what was right on that particular investment.
You also know what are the possibilities after.
Regret is part of human interaction through to yourself.
But for me you did the right thing. You know why? Because you won't do things that you think you will be broken unless you mean it.
Cheer up mate.
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Looks like now the fomo of halving will begin and i am expecting good bull run for top coins during this fomo period and after halving we can expect a correction after which market will move steadily towards up.
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Prior to trading is really very difficult. Because you do not know how the market can behave. Therefore, to trade you need to have very steel nerves.
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Looks like now the fomo of halving will begin and i am expecting good bull run for top coins during this fomo period
I think FOMO of Bitcoin halving has begun from January 2020. Most people were discussing and talking about how to prepare their Bitcoin and altcoin assets before halving. They believe that halving can make crypto coin's prices to soar. So, I guess many of them have bought crypto coins more than as usual.
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Bitcoin prices are moving quick and it’s tempting to jump into the market head-first, but so-called FOMO (fear of missing out) can be disastrous for your portfolio. You should understand how to analyze cryptocurrencies, how they fit within your portfolio, what tools you need to succeed, and how to protect your holdings from loss or theft.
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Prior to trading is really very difficult. Because you do not know how the market can behave. Therefore, to trade you need to have very steel nerves.
The best way to earn money in the cryptocurrency market is just to keep coins in your wallet and not trade them, then there will be no sense of lost profit. And thus you will save your nerves
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This is true, in the crypto currency sphere, we are often decived by fomo, the fear of missing out.
It is likewise going on today amongst investors, as bitcoin grows and soars, alot of peeps are asking questions if they are to invest or wait.
If bitcoin dumps, the same questions are also asked, makes you wonder what exactly people want
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This is very easily explained. FOMO is present in people who cannot trade. They see green candles on the chart and buy without hesitation and usually buy off the top when big players drop their positions. Therefore, you need to learn how to trade before committing to trading. Do not feed big players with your money. Another tip from me is not to trade with your shoulders on margin trading if you don't want to lose money
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Looks like now the fomo of halving will begin and i am expecting good bull run for top coins during this fomo period and after halving we can expect a correction after which market will move steadily towards up.
I believe that before halving, we will see a small increase to $ 10K, after we will see a drop to $ 6-7K and until the fall we will not see a large increase, and by the end of the year, I have no doubt that the price will rise to $ 20K for 1 bitcoin
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You are right. By only following the FOMO, it will not end well. Many people are trapped in it. ANd ending on the shitcoin, panic sell or buy and also scammed. It is bad. I suggest that you never only follow the FOMO and HYpe because it will not make you well decision.
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Now, on the eve of halving bitcoin, people's interest in this event has been very heated. Bloomberg and CNN and other resources talked a lot about it. Against this background, large players printed USDT and pumped bitcoin and inexperienced investors bought bitcoin for 8,9,10k. They were influenced by FOMO. It's expensive. I think bitcoin will drop to 6k and maybe even lower
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People will always do "buying the rumors, selling the news", means affected by FOMO or HYPE. We cannot avoid that fact since it really attracts us to follow. But it is no problem as far as we follow the right way. How to avoid the wrong way? Always do "research" or "analysis" although we want to follow FOMO or HYPE.
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Obviously it was unrelated to the halvening when it happened, but to me the 50% we dropped in March ‘absorbed’ any halvening drop that may have been due. It’s not impossible we’ll drop now/soon, but that’s my take and I’m sticking with it.
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So many peoples will loss their money just becasue of this news and ll over the world market is so much infected becasue of this news and also the corona virus.
many traders are smart to keep their assets in stablecoin USDT or USDC something like this is enough for a safe asset when the pandemic. at current prices bitcoin will rise or fall to trade on the things that are most important to any pandemic must secure their assets should as soon as possible because of the possibility of Bitcoin fell to the lowest price can happen anytime.
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COUPLED with the high rate of liquidity taking place on cryptoexchanges. many people are panic buying. i did twice and the price is still dropping. i think now is the time for everyone to control his/her tempo and trade without fear. so many people bought at 7,000 thinking that will stop at that price, some bought at 5, while some bought at 6k. we are to ascertain where this bear will ends.
so help us God.
If you decide to buy bitcoin, the prices of 7000-8000-9000$ are very good in the long term. And I don't see any point in trading now, because you will earn more over a long distance. Look how the cue ball jumps, only today it has grown by 10%
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COUPLED with the high rate of liquidity taking place on cryptoexchanges. many people are panic buying. i did twice and the price is still dropping. i think now is the time for everyone to control his/her tempo and trade without fear. so many people bought at 7,000 thinking that will stop at that price, some bought at 5, while some bought at 6k. we are to ascertain where this bear will ends.
so help us God.
it's something natural in humans. fear is many times inevitable so can't blame anyone for acting upon that. and this will always continue to happen as long as humanity exists. the best option is knowing the risks and taking the huge steps
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The current BTC price is $9707. It's clear that the information about Chinese Yuan and Halving is having a big impact on the crypto community. It seems that people are afraid that they are missing out on a booming opportunity like 2016-2017 :)
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Many of us are awalys attracted to FOMO because they think it really works when most people do it. However, be careful because not all FOMO is good, some may be very risky or harm to follow.
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I am not interested with FOMO to buy coins. There are many coins that are better to buy NOT because of FOMO. In my opinion, buying coins should because the coins are potential for the future. It is the main reasons to buy so far.
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In any case, the current fall in the cryptocurrency market is temporary. Governments have now begun to take tough measures to prevent the further spread of coronavirus. People stock up on food in order to wait a certain time to wait for this period of the spread of the virus at home, as always in such cases, panic occurs. Therefore, there is a shortage of cash, cryptocurrency is being dropped, which, because of this, falls in price. Those who are now buying bitcoin for $ 5,000 - $ 6,000 should continue to make good profits.
Very temporary indeed as soon after the initial fear created by the spread of the Covid19 virus, we also experienced upwards movement in the world of cryptocurrency. As I am writing this, I think we are already beyond the virus scare and the whole marketplace has already adjusted to the "New Normal" and in some cases the lockdown and quarantine even pushed for more activities in cryptocurrency.
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Every market has ups and downs. Crypto market is not out of it. It is right that many markets are now started to decline from the top. It's not a matter of fear. It's the nature of market. Traders who have bought with high price, there has nothing to think. Price will increase again. But trading is a policy and the successful trader can employ their best technique. They know when to buy and when to sell. So to make trade, a trader should gain knowledge about market, not to be fear.
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Every market has ups and downs. Crypto market is not out of it. It is right that many markets are now started to decline from the top. It's not a matter of fear. It's the nature of market. Traders who have bought with high price, there has nothing to think. Price will increase again. But trading is a policy and the successful trader can employ their best technique. They know when to buy and when to sell. So to make trade, a trader should gain knowledge about market, not to be fear.
Competent traders, regardless of what the market is at the moment, know how to make money. Especially with the range of opportunities that now exist on large exchanges. FOMO in my opinion only works for beginners.
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Market always unstable in nature, bitcoin fully different than stable coin like USDT. Bitcoin market always pumping and dumping. Some bought low rate and sell when he gets a potential profits. Some are fearing to hold long-term periods. So onetime he gets losses. People are bounding invisible fearness.
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The FOMO effect is widely used in financial investment, but it also shows it in our daily lives. Understanding the FOMO effect, and how to escape the FOMO trap will help you have a happier life and have better finances.
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Almost in life, more or less we will be affected by mild or severe FOMO effects. As shown in the photo above, a study in the Netherlands, the number of people affected by the FOMO effect at a moderate or higher level is very high, especially the younger the age, the more affected people are.
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FOMO is an effect that is always present in the crypto world. Many people have no control over their greed and participate at whatever price they want. They are not investors, I think they are gambling.
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Fomo is everywhere, either as a newbie or as a professional, it simply means fear of missing out. Bitcoin is already 11k=+ and i am sure that alot of peeps would rush in to purchase it just because it is on the green candles. Always dyor before investing.
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Why do you have to follow FOMO?
Why don't you believe in yourself?
Why should you follow other people?
We just need to be patient and wait for the moment to take that step.
After everything turns green it will definitely come back red.
When it's Red, that's where we come in to buy, don't follow FOMO!
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The authorities have now begun to take strong measures to prevent the spread of the coronavirus. In order to wait for the onset of the virus at home, people go to the log cabin to find out what is going on. Cryptocurrency is depreciating, which is why the cryptocurrency is depreciating.
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the cryptocurrency market has practically not fallen. Bitcoin is held at 5100 - 5200 dollars. It seems that people have cashed out part of their cryptocurrency to solve urgent problems associated with the coronavirus and are still waiting. On the one hand, it is no longer profitable to sell cryptocurrency at such low prices, and on the other hand, they have not yet invested in it.
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I am not interested with FOMO to buy coins. There are many coins that are better to buy NOT because of FOMO. In my opinion, buying coins should because the coins are potential for the future. It is the main reasons to buy so far.
I agree. The potential of coin matter the most than just buy and hold without potential reason. Necessary to identify the coin whether shit or potential to assure good return from what you invested and expected
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FOMO is a part of finance market, it will always be there, to teach an expensive lesson to those who dont have enough knowledge to control themselves.
imo, using the Fomo is half devil half angel, depends on how you address your own money and control your feeling.
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E-commerce development applications are also taking advantage of this FOMO effect to entice users to visit and use their websites or apps through automated email functions for users at events. new of course with the invitation to subscribe to news users often see "do not miss the opportunity ..."
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It is very easy to see the FOMO effect in the investment sector through the stimulation of investor greed. The delay in investing in a feverish field (stocks, real estate, bitcoin, ...) makes a potential investor feel like he is missing the opportunity and therefore often find ways to "get up. ship "right away.
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The FOMO effect is a psychological condition that arises when the subconscious is led to think: You must do it immediately or you will miss the opportunity.
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In my opinion, FOMO is like an addiction, only we do not absorb it, it is like a shopping addiction when we cannot, shouldn't do it ”
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that's what I want to say. FOMO originally arises from fear when not grasping an opportunity, missing something that seems very valuable. And FOMO always makes you think that you would not be better if you did not appreciate this opportunity. It urges you to act immediately to seize the opportunity as soon as possible.
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that's what I want to say. FOMO originally arises from fear when not grasping an opportunity, missing something that seems very valuable. And FOMO always makes you think that you would not be better if you did not appreciate this opportunity. It urges you to act immediately to seize the opportunity as soon as possible.
I think it's pretty good too. The FOMO effect is widely used in financial investment, but it also shows it in our daily lives. When you Understand the FOMO effect, and how to escape the FOMO trap will help you live a happier life and have better finances.
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Manifestations of the FOMO effect in everyday life
1, You are always influenced by social networks, constantly updated with news of the world and your friends.
2, You do not want to miss the opportunity of SALES, discounts of brands.
3, You want to own new products like Iphone, new fads, new movies.
4, You compare yourself to others like income, assets, or vacation ..
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What is FOMO?
FOMO is the acronym for “Fear Of Missing Out”. It is the fear of missing out on the profit you might make if you don't buy a cryptocurrency ASAP regardless of its current price. The cryptocurrency market is driven more by emotions rather than rationality, so FOMO is a huge factor to consider when trading cryptos.
REMEMBER:
Your emotion is not the one who will decide, but it must be YOU!
Don't deal cryptocurrency emotionally rather rationally.
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People with FOMO syndrome are more likely to use social media because they feel the need to always "connect". Before social media and mobile phones evolved, people often only knew what their friends were up to when they were with them. Today, however, people can search for what they missed with the click of a button.
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Maybe you do not know, FOFO has a serious impact on the investment and finance sectors. FOMO has "killed" the world financial market many times in history. The most recent was the dotcom bubble of investing in internet companies in the 2000s in America. At that time, the FOMO syndrome exploded and everyone was afraid that they would miss this wave, so family members jumped in to buy shares of companies that labeled technology drastically without even knowing the public. What company does and is real or not.
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FOMO is very influential to people. Organizations or individuals use this FOMO syndrome as a means of fraud. They take victims into seminars, draw up new technologies or investment channels, and then squeeze "prey" over each other to buy or invest. The victims, due to their weak mentality, lack of knowledge and experience, were immediately afraid of losing their golden opportunity to become a billionaire, so they rushed down to invest money. available.
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FOMO causes us to have the fear of missing an opportunity, something so much that it prompts you to take an action that might later be considered and reevaluated. emotional and irrational t
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In my opinion, FOMO is like an addiction, only we do not absorb it, it is like a shopping addiction when we cannot, shouldn't do it ”
This effect is dangerous and adversely affecting humans, so we should stay away from them
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FOMO (Fear Of Missing Out) is the fear of missing out on interesting or interesting things in life that others are experiencing. One study describes the FOMO effect as anxiety that everyone around you may be having happier, happier, and more enjoyable experiences than you. This anxiety keeps you up-to-date about your friends or other people's activities to see what they're up to.
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The FOMO effect is vague, but can cause very observable effects. If you pay attention, you can see these effects happening all day and everywhere. The FOMO effect, for example, can cause you to stop work to answer irrelevant or unimportant calls or emails. Moreover, you also constantly check your phone and don't concentrate on working because you are afraid you will miss a call or text. This will make it difficult for you to do the job well.
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The FOMO effect is dangerous. I see it affecting my life a lot like work, study, even personal activities. So how can we reduce its effects?
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The FOMO effect is dangerous. I see it affecting my life a lot like work, study, even personal activities. So how can we reduce its effects?
I think in order to minimize the severity of this effect we first have to admit the FOMO effect. Admitting worrying about missing out on the fun happening online means admitting it. your insecurity and ready to start facing the problem.
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The FOMO effect is dangerous. I see it affecting my life a lot like work, study, even personal activities. So how can we reduce its effects?
I think in order to minimize the severity of this effect we first have to admit the FOMO effect. Admitting worrying about missing out on the fun happening online means admitting it. your insecurity and ready to start facing the problem.
right . Social influence is very large and will not be lost easily. But if you can recognize that these effects, you will be able to glide through it. So, please be more honest with yourself.
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The FOMO effect is dangerous. I see it affecting my life a lot like work, study, even personal activities. So how can we reduce its effects?
We need to limit our media usage. Although it may be difficult, you need to disconnect from social media to avoid the negative effects of the FOMO effect. In fact, the less time you spend on media, the less you will feel you need. Although at first, you will feel frustrated and frightened when you are not updated with everyone's news often, but this feeling will pass very quickly.
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The FOMO effect is dangerous. I see it affecting my life a lot like work, study, even personal activities. So how can we reduce its effects?
Simply put, you just need to ignore the information about outings, dining or travel and still be happy, not outdated or country. In fact, you'll be happier doing what you love instead of watching other people's lives.