Bitcoin Forum

Fear of missing out( FOMO) is naturally inherent in the minds of investors but what differs in investors is discipline and due diligence. Bullrun will always come along the line but can we take out FOMO out when it comes around?

That's impossible ,fomo even exist in our daily lifes ,its simple just human nature

Yes it is always there and yes it is part of human psychology and it is seen at different times in almost every kind of markets and secondly the fomo begins around some hype which just like a news getting viral on social media. Fomo kicks in when most of the people think that market is going to go up and in the event they tell everyone around them to buy and those people tell their circle to buy causing a viral wave of fomo.

Not really sure that can happen.

I think the biggest driving force behind a bull run is the FOMO.
If you take that out, how will money come in at very fast rate?
Unfortunately, the very thing that kicks off the bull run that we all love is the very thing that destroys it.
It grows exponentially to the point that it becomes unsustainable.
And with the normal investor, by the time you hear about it and it's in the news, "BTC is on fire!"
It's actually too late.

the key is to plan for the bull run and when specifically you will cash out.
Otherwise you will just see your portfolio rise to crazy heights only to come crashing down again.

I think fear of missing out (FOMO) is difficult to handle
How ? Because every person has different reaction capabilities

Which is why no matter what others dump beyond loss limits

FOMO is not something that can be taken out of cryptocurrency market. I believe it's people who fail to do their own research that usually fall victim of FOMO.
I think if you miss out on a good project or ico then just move on. Except if there is a chance to buy it low on the exchange.

You can't take it out,as you said it is natural. Are you setting the minds of everyone not to sell and not to buy when the bull run starts to click the market?

FOMO is just one side of the coin with emotional investors.
Let's be real, most people on crypto exchanges don't deserve to be called investors, they're gamblers.

And gamblers are by definition emotional.

FOMO is here to stay, and it's exceptionally easy to monetize by others

While FOMO concept can be dangerous but it can be effective too, and that is why it is naturally in every investor mind, and I think it is in every one of us too whether we are investors or not even when it come to decisions not related to investing, as mentioned above it is human nature. FOMO is not a bad thing and it can lead to big success same as it can lead to big failures, everything has its pros and its cons, and so is FOMO.

FOMO is inevitable in cryptocurrency. It is usually lazy people that FOMO because they are too lazy to do their research on any ico so they just  FOMO into any coin these analyst rate well

I think it is impossible to remove the FOMO. fear will always exist in the hearts of non-professional investors.

Greed is inherent in every person. The point is the extent to which it is expressed in specific people. I have had moments when I was influenced by FOMO, but fortunately there were not many cases.

I don't really know what that sentence mean, but I will give my opinion about the question in your post title. So, FOMO is basically greed, and I believe greed is part of human nature, we can't really get rid of it, but we should be able to control it, so when we talk about FOMO, we know when we feel like we must buy something because it is already hyped, but we need to consider it again, do we need to buy it, or if we really need to buy a coin, at the very least we need to control how much we would buy, not just put all of our money on it, because it seems have high hype.

FOMO is something which really derive the market in a bigger situation. I want to use a simple example. On January 2, 2019, price of a traditional share was $1.10 almost while after three days it has been turned to $3 which is a huge growth. It was from Z category. What actually happened. Some whales manipulated the market and people bought just because of FOMO. That's how a market behaves. We people can't do anything.

We can't take fomo out of investors, fomo will always exist,in fact fomo is one of the things that has kept the crypto sphere going.At some point,we just need that element of fomo.

Well you can't
At least not everyone can take out their emotions when we comes to investing/trading or something that is related to money

Without FOMO, there won't be huge bull run imo. If everyone is acting conservative, no much of chance with bull run

I think the FOMO thing is all about our greed. We don't know how to settle for less. And we always want to make a profit. Of course it does not work on the world.

This is impossible. You can only make a profit when you join early, but your money is no longer yours. This is very similar to a slot machine. When you throw a coin, it means you lost the coin.

no you can't change how people (mostly newbies) react to this market. they are always irrational. and it is not only about FOMO, there is a lot of weird things the newbies do.
* they bag hold when they have to sell.
* they sell when the dump is over and price is at bottom
* they refuse to buy real things with good future like bitcoin when the price is already low.
* they buy shitcoins with no future and when they are obviously pump and dump.
* they buy when the prices are already pumped and is in a bubble out of FOMO

and there is nothing you can do to change this attitude. all you can do is to learn from their mistakes and not repeat them yourself.

I guess it's impossible to do because FOMO will always on the market and the news. They spread the news to make people or traders react because of that news, and if the news is bad, then the panic will happen, and it impacts the price. But at least, we can minimize the bad effect from them by not panic, and we could search from the other sources so we can know what exactly is going on in the market or with the news. It will help us to analyze, and we can find the right answer.

Exactly, if you can learn from them its best for your investment, with how they react inside the market you should keep in mind that they are bringing money that free to grab when you know when will be the right timing, when they are in such a hurry buying while pumping is ongoing or buy back when they are panicking when the market is down, simply play against them to take your advantages.

If you are able to take FOMO out of a investor then he will never rush to investing and then it will be reflecting in delaying bull run. I mean to say only due to the rush of investors, we are having strong bull run and when investors are not having FOMO then there will be no sudden rush for catching the cheaper prices hence if you take out FOMO from investors that will lead to negative consequences.

But we cannot ignore the basic fact of trading, when someone is selling, the other one is buying. So we need all types of people so that we will be having a balanced the market condition. For example, when everyone will be holding that will lead to a bigger bubble and when that will be bursting out, most people will be booking losses that is the reason we are having bubbles time to time just due to having irrational people.

if investors who have been cheated twice, it will be difficult for us to get rid of the FOMO because they often say or think about the losses they have experienced so that investing in a project must think up to three times.

It's part of human psychology so I highly doubt that there would be a general solution to it.

Speculations easily triggers FOMO ,everyone wants to make a huge gain and all humans including myself can't escape fear of missing out ,its in our nature and blood ,so if failure comes then its left for investors to adjust and make sure it never happens again

No, FOMO is part of life, not just Crypto it is in almost every market, because every good technology have some people that will miss out on them and when people buy into it everyone would want to have a part of these. It is us the investors that need to be very careful to note when this is setting in