People are been affected by FOMO.

[MrSpasybo]

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

[UNIVERSE]

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.

[Alter]

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.

[TomPluz]

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.

[azmirihaque]

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.

[crypto4ell]

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.

[Altcoin1998$]

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.

[Keelin]

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.

[Ganesa99]

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.

[Hanako]

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.

[ife2020]

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.

[jonathancool220]

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!

[ashraf786100]

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.

[Rubel007]

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.

[Jaguar]

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