Avoid FOMO

[Domithra]

FOMO has left lots of investors to lose their money. Most people are in crypto just to make rich overnight but that is not how the market works. It requires patience for an investor to hold and wait till a coin to hits its bull run. Every good coin does not follow the pump signal which eventually end up with a dump. Every good coin takes time, execute its plans according to what is presented in the whitepaper and eventually becomes huge on the market with deep roots which cannot fall drastically.

[MOProgress]

Honestly FOMO has been one of the pioneers of heavy dump, many people are just carried away with Fear of Missing Out, making them to sell even at loss.

[sixexgames]

Buy when everyone is dumping. Hopefully everyone that has bought this last dip is richly rewarded.

[DeKingCrypto]

FOMO is a real killer, FOMO has killed many projects, and its still killing the projects, it has also made many investors to loose their investment by sell at loss.

[gurunanakji777]

Honestly speaking I don't trust on pumping coins because they dump hard too in little time So I always avoid to ride a aggressively rising coins. Many investors are doing trading like a gambler they want to be rich overnight but unfortunately they lost what they have in their hands. I also agree good coins takes times and rise slowly slowly and these coins runs long and survive too in the bad conditions of the market because of strong base even sometime we have to be more patient in trading.

[pelana vreo]

You are right, I think we can see our investment goals, understanding from looking at the road map and the background of the project is very necessary, without worrying when we see the coins we hold have price decreases, this is very detrimental if we panic and don't believe in progress and development future projects to increase the price of the coins we invest

[cashbit]

People who don't understand how crypto market works resulting big FOMO. I know that it is natural to be influenced by severe decline, we are only human. But if we are smarter to study market trends, we know when the best time to sell or to hold.

[sturec22]

FOMO and FUD cause people to lose their money.
Trading is not all about having money and knowing technical analysis. The most important thing here is the psychology. If you cannot manage to control your psychology it is nearly impossible to earn in this crazy market...

[Thegals]

if there is a market that occurs FOMO is better not to be followed first. It's better to wait under normal circumstances to buy. Because it is feared we can be late in and prices will drop quickly. Be more careful when entering the market.

[Falcon]

Honestly FOMO has been one of the pioneers of heavy dump, many people are just carried away with Fear of Missing Out, making them to sell even at loss.

That is the effect of FOMO to sell the coins immediately knowing the lose.
It is individuals responsibility to do trading properly. Treating it as a million of dollars can motivates you to stay hold to overcome FOMO.

[Deallove9]

If you fomo and end up in lost then there is no other option than to hold or sell to rebuy at dip again so you can regain your lost and also can invest in another coin to regain the lost so fomo is not a bad think but panic kill most of the fomo people .

[Theroyals]

Most Fomo suffered losses, as they bought when the price was high. And then the price occurred a very deep and old dump to return up. So better not to follow Romo when looking at the price rises. So we avoid the loss in the market.

[Nate11]

I remembered when I was New in Crypto.
I didn't know what it means to fomo , infact I never heard about it.
So it happened that a coin was listed on binance at 1cent before you could say jack it's already 4cents, out fear of loosing out I quickly jumped in bought at 5cents and immediately the price tanked to 1cent.
It was like a dream cum black magic.
I cried, I shed hot tears.
I would never forget that day in a hurry.
Fomo is bad.

[Jereh]

I agree with you here, we should avoid fomo by any means possible because it does more harm than good to people who go with it.
Fomo can cause you to loose your money in split seconds and you will not even know whathits you.

[Dprincebh]

With FOMO in terms, no investor will be willing to be the only one holding onto a shit coin, he rather sells either in low price at a loss than to end up with a total loss