Bitcoin Forum

Im doing day trading in a big and very popular exchange. when im starting to trade in the particular token. the green candles is going crazy filling up and because i was not ready at that time i feel the FOMO thats why i buy too until my internet connection has a problem thats why its lagging. for a minute when i refresh it. the price was dump already and followed by red candlestick i was left a bag holder. since i have no choice i have to sell it at losing price. ive learned that FOMO was not good at all times. What are causes of this??

patiens is the key for good life, big profits etc. fomo iterrupt all of these goods. you stop to think with fomo and usually make mistakes.

if you are having problems with your trading in a way that a simple internet connection for a very short amount of time makes you lose money (get dumped on) then it means your trading strategy is wrong and you are entering that shitcoin way too late.
you should try to go in those pumping shitcoins when they are starting to get pumped not when they are already done pumping! obviously by then it is already too late.

Trading has its own risk, yet we need to learn to strategy, there are lots of reading materials available in the internet about FOMO that it is not really good to ride in it, if you dont know the game of daily trading, still patience is the key to earn profits, its a matter of patience.

You shouldn't have sell your coins and just waited for it to recover at what percent loss you've sell your coins? You also considered your analysis and patterns before selling it might be a bull trap but still there's a chance that it will continue, Market is volatile and we should be really careful on choosing a coins since some of them are fake pumping

It's not about fomo but you are taking the wrong time to buy, you are actually buying when the price is getting pumped and then you are getting dumped after the whales have created a bulltrap.
Just remember to buy when it was dipping and not pumping.

I think you are already making mistake. If you are sure that the team of coin you have are still very active and if there are lots of upcoming updates onboard, you should hodl even while at loss. Wait for a better time and better opportunity. Also, if you mean to become a trader or an investor, then you should find something to do to your internet connection.

I met the case like you and now still have my fomo mentality less. fomo psychology is something that most of us will encounter at the beginning of the transaction, it also explains why the majority are always losers, only very few people make money with the crypto market. So it is important to learn to control emotions, avoid running after the crowd.

Now when Bitcoin falls down is a time for buying more. Do dollar cost average strategy instead of FOMO (no strategx) and in a long time period you will be in a profit.

I have a very big fomo started recently when I saw that I once sold egretia exactly 70 times cheaper than it is now. Very bad condition.

FOMO is just a common problem to everyone because when they invest so much on a particular project and goes a sudden no updates or the admins are not active it make to goes to FOMO mode. Also filling your bag with btc, eth or decent coins on the market that goes a sudden rise of the prices or crashing down so hard can also create FOMO. Indeed FOMO is not good at all times

fomo will be good for a long-term investor (holder). But for traders, with some currencies, is a worry. It is possible that the highest price today will be the highest price in a long time. Meanwhile traders use trading orders every day

if you are engaged in day trading then you should just use stop loss to avoid the risks of negative fomo. this is the only way to be safe

Nowadays, day trading is very dangerous. you can stay for a long time in some kind of altcoin. Now I prefer to wait a bit before trading

A lot of traders, most especially those who work in group go about shilling making FOMO about what they want to sell. Even team members of the coin in question also do that. It is left for someone who intends to invest in it, to know when to come in.

Most times, when fomo is high and driving virtually everyone around us, that's the time to play safe and be patient. That we missed an entry point doesn't mean we won't see another if not in that coin, then in another. The ability to resist fomo is one of the characteristics of a good trader.

Fomo is actually bad. Good traders or investors don't do that because they know how to control their emotions. When I started out newly as a trader, I chased green candles in ripples, Xrp thinking it will head to 10usd but I ended up buying the top  at 3$

I think fomo nothing but a trap which has held many traders captive of a coin they never wish to hold. When we throw caution to the wind and do what we feel is right so as not to miss out; the chances of getting trapped due to fomo is always high. In my own opinion, it is better to exit the market once that feeling sets in and wait for another time as it will save us a lot.

That's a big mistake you'll do, you been caught into FOMO and you been out of your strategies. Supposedly you hold but it is done already and no other way to bring it back unless you do trades again. But you'll keep it doing again, I suggest to stop and trading isn't the right place for you. 

Of course FOMO is not good, it's better to buy low and sell high, fomo buying usually lead to loss because the sellers are those who are taking profit from the low entry they had.

Following FOMO only will lead you for very risky trading or investment.
Fomo may be only good at that time, however, not ever good for your own trading. Be more careful and wiser when going to pick the right coins for trading. IT is important enough because trading is not only for popular coins moreover because of fomo only. It needs a deeper analysis on the daily chart of the market progress and the trading volume.

Trading is a tiring emotional battle. there are many situations that will cause uncontrollable emotions, such as panic and Fomo.
the key remains focused and calm, don't let emotions influence your trading target.

What causes?
You are human. You will that envy to ride the rollercoaster going up.
But the problem is you have a bad sight and didn't see that it was already going down.
It is normal and it is a lesson that you should learn.
I did learn from experience too when I became an idiot just riding the FOMO.
You are right though, it is always not good.

If you FOMO then be ready for the consequences because we all know that you are trading or investing in a dangerous ground, so obviously there is a risk factor and not good unless you know what you are doing. But the thing with FOMO is that it could teach you a valuable lessons, I know it's expensive but I'm sure majority of traders or investors here have one time FOMO on their crypto journey.

It's not so bad at all and OP has already explained the situation that he has faced it. It's not about how to control the emotion and OP has said that he was thinking that he can take the opportunity of the maximum price from the greencandle and that's why he was not expecting a big drop will have happened instantly. Buying when it gets a pump is the worst decision to be taken in any crypto trade.

Fomo has been the doom of many users in this space, both traders and investors. It is not a good experience for anyone as the end result isn't always friendly. As regards to traders, they are always facing this, because they trade often and on. But I think once you misses a trade entry point and fomo starts coming up, that's the best time to quit for the day.

Just enter on the right times, buy at the right price , even FOMO is good when you can use it. But remember don't be greedy. small profit isn't bad at all. When you can handle that things surely you will win.

In crypto, to make big profits, one must have adequate knowledge thus perform series of researches in order to get adequate information to make proper and effective market analysis. Following FOMO all the time ceases an investor's ability to make informed and effective choices and can lead to poor purchases.
Patience is very paramount when it comes to crypto investment.

Mostly FOMO is coming from pump and dump groups wherein they were able to buy at the bottom and sold at peak then they will announce so that they can sell more and people will get rekt. Been there done that and it was really bad. So what I am doing now is to be a keen observer of market so I would know which is which

They are connivance on this maybe you are not part of a group where they are going to pump certain coins to make their group profitable when they hit a dump on that coin, short term trading has a lot of risks attached to it, and you should not rely on FOMO to buy coins.

News are the main reason why a certain coin is increasing its price. There is a famous quote "Buy the Rumors, Sell the News". When investors heard a rumor on a famous coin, they will immediately buy it and days or hours before or after after the news will happen they will immediately sell it. Your title is wrong. It should be "FOMO is not good always". :D

If you were too excited, because, when you watched a forecast and your eyes caught a potential big buck of certain cryptos, and it was continued up trending on the chart, that was the time you just buy without thinking properly.

Yap, FOMO is not good, when you do trading, that was the initial knowledge you have to learn, controlling emotion are required and no excuses.

There are no causes that need to be mentioned here. FOMO is always bad, no other reasons at all except that it is bad. FOMO is not something that is born out of reason or analysis. FOMO is simply done out of mere Fear Of Missing Out, from the name itself. FOMO is done just when the pump is already happening. It could possibly happen that it is done just when the tip has already reached. It is very risky.

If we already know the altcoin character you are trading, based on good news or FUD that occurs on the altcoin that you are trading then I believe you will avoid FOMO

FOMO is not limited to newbies alone, it does happen to all while few persons have only learn to tame their emotion. For example, if bitcoin moons to $17k at the wake of tomorrow, most traders will quickly buy thinking we are headed $25k, most times, FOMO is motivated by greed.

That's why it is safer not to become trader during fomo , when you see market is heavily manipulated it better to stay away from it or invest in btc and after profit hit , cash out. Its is obvious that you can't win against whale.

You got it wrong, I think the topic should be "FOMO is bad at all times because to be honest, I have never seen a situation where FOMO is good, FOMO is all about greed and this does not give you the time to do a thorough research about a project before you purchase and most times, you end up purchasing when it is very expensive.

There is an exception, one can still decide to jump in to a moving train if technical and fundamental analysis points towards that. FOMO isn't really bad at all times, rather buying at the top is.

Fomo has never been good for once because it has cost many traders etc their funds, thereby either turning them to bad holders or making them sell at loss. It's better to exit with a little profit than seeing a moving coin and decide to risk it. Another thing is, let's learn to keep our emotion in check, as it is one of the factors which leads to fomo.

Well, FOMO is your greed. Don't be greedy, because crypto will suggest you a lot of opportunities and once you will achieve it.
Don't be FOMO guy, better find new opportunities and finally you will suceed. You have to develop your own vision and that's the case.

Buying a coin or Investing in public or private sale because of the FOMO (Fear of missing out) has led a lot of persons to bankruptcy or debt, It is advisable to miss out than to lose your money.

Day trading is not a good way to earn money. The risk is too big but usually expert traders choose day trading strategy because of flexibility. But the bad side of daytrading is more than it's good side. Not only FOMO but also addiction because of curiosity and dissatisfaction will make your physical and psycological condition is weakened. I suggest you to do trading normaly so you can avoid FOMO.

It is a disease that you must treat when you see rising prices, feeling like wanting to take part in getting a big profit. that is why you feel Fomo, I learned to avoid the fomo disease by leaving the trade when the price rose higher.

Yes FOMO is never good, equally neither is panic-selling. If you are trading it is always sensible to plane your entry and exit points before starting. And it is also important to understand why a coin is rising or falling in price. That way we can improve our decision-making.

FOMO follow your trading very easily cause big losses, try to think if you trade 10 orders, take profit 9 orders but loss only one order. The order you loss maybe high than profit you take on 9 order before

So you are considering price difference in minutes? It's not wise. You should consider at least a week's price to make a clear chart of candlesticks or trendline fills. Usually, I use 2 methods, 1. 24 hours forecast and 7 days forecast. Most time I see good result in the 24-hour chart. So, FOMO is good for most of the time.

theres nothing wrong  with that if he check the price every minute  . he is just active like me i also check and compare the price difference  . if ever i find a good oppurtunity i will decide if i sell or buy  .  24hrs forecast is also better if you find your self a little busy   . 7 days forecast can be good for those who are verry busy people  .  fomo is good for us but we should choose the right kind of coin so that we can get a benefit and not lossing .

FOMO is never friend to any trader, I see FOMO as in fact the greatest enemy of progress to most investors and traders, that red candle sometimes is even friendlier than the green one, because without the red candle, you cannot make much profit. I stop trading temporarily on a daily basis too when I started seeing that FOMO is more common with people that trade on a daily basis than people that trade on weekly, monthly or a long-term investment.

I think because there is really not much time to study the candles, which is why most day traders end up being a victim of FOMO. Secondly, when trading, one has to be extremely patient, and not have it in mind that you want to make the money you will make in a year in a day, greed sometimes leads to FOMO which eventually makes one loose his or her trade finally.

Unfortunately that was only a temporary pump and dump scheme in exchange.
You need to stay calm if you see a coin/token pumping. If it was a real price, then it would stay long in green.
Same with panic selling, some peoples trying to make the price dump so they can buy with lower price.

Simply make sure to purchase when it was plunging and not siphoning. That's not about fomo but rather you are setting aside the off-base effort to get, you are really purchasing when the cost is getting siphoned and after that you are getting dumped after the whales have made a bulltrap.

The truth is fomo to me is not really a good thing, last year December I fomoed on a project because they are about to move from ETH chain to their own mainnet, I didn't know about it on time so I bought like 2 hours to mainnet launch, it's dipped from 0.9 USD to 0.4 within 5 minutes after mainnet launch, presently the price is 0.05 USD and I automatically turned to a bag holder of the project. So fomo is not really good

Lol, which means it can e beneficial at some instincts, I clearly then can say that it has its good days and let's just know that nothing good stays forever, there are always downside of every good thing and vice versa

Fomo i s real and if you must be a day trader then you have to know the TA and always learn to use stop loss limit in other to catch the fish on time rather than having a lost bird .

Many people are gambling in a time of FOMO. They see only green numbers, so they start with longs, after that they come to the leverage trading and first correction will destroy the trading account.

Maybe whales did spread FOMO to people from telegram channel like crypto trading prediction. Their admin just posted to buy 'a' coin but they already sold their token, its mean the subscriber just buy their token. Its trap, be carefull if you read prediction price.

Fomo is never good nor offers anything other than the person turning to a bag holder. The first thing to learn about trading is always to be contented with any profit made while overlooking the anticipated profits thereafter. It might looks silly but that's the best way to curtail loss.

In businesses like this trading, gambling and the rest, everyone cannot be a winner, someone must loose for someone to win. No matter what you preach about fomo, it is bound to always happen, because this is one of the factors that makes that profit gainer to be able to make profit. As fomo is bad to you, so it becomes profitable to some people, the people it becomes profitable to are those who does not fomo and those who are able to buy at dip.

Imagine when people bought bitcoin at $5k sometime before the last bull run, and whales pumped the market to surge a little bit, without fomo, those who made profits from that $5 to $5k would not have gained, and maybe by now, we would not have even had record of that $19800, it was out of fomo that the price pumped, so it is left for a particular trader to trade wisely and choose where he or she will faller. Is it the winning side or the losing side?

Often too see people being an FOMO but indeed everything will be so hard if we trapped on that positions and i says this because me too several times was being FOMO with eventually i have to sold my coins to avoid deep lost but actually what tokens do you have because if your tokens have potential to grow might be do not rush to sell and hold much longer until wait the price bounce back can save your money

FOMO is absolutely one of the worst reasons to enter a position. It is inherently motivated by Fear which puts trader-a-la-extraordinaire on the losing side to begin with.

Yes, FOMO is a huge problem for me when I doing day trading. Sometimes I cannot resist to sell my assets when its price goes up. I have read https://blog.thepeak.world/5-tips-to-avoid-failure-in-cryptocurrency-trading/ (https://blog.thepeak.world/5-tips-to-avoid-failure-in-cryptocurrency-trading/) and it helped me a lot to fight FOMO.

When the price has risen more than 2x the previous price, we better start being careful. Experienced traders can certainly take from a lumped price up to many times, but new traders will definitely suffer losses when buying at a time when prices start high

In my opinion, FOMO is not harmful for us traders whether you invest on a very high or very low price because the outcome of your investment will all depends on how will you sell it. So if you think that FOMO is the reason why you are losing money right now then think again because the real reason behind it is your lack of patience. The question here is why did you sell your holdings despite that you bought it from a higher price? We have a "Buy low, Sell high" Rule, right? Did you panic, drive by your emotions? Well, whatever reason you get it is very clear that your wrong strategy lead you in this situation.

Anyway, aside from it, the other thing you should blame here is your internet provider because if you haven't experienced a loss of connection then I guess this won't happen ;D.

FOMO is not good, controlling himself and being calm can avoid the FOMO. Although not completely avoidable, at least your mind is more calm and able to make the right decisions at such times. And do not blame the internet connection and whatever when you experience a loss when trading, think that you are just unlucky at the time and you are able to return it back. Blaming something for losses only makes us continue to regret it, please avoid this attitude.


Well it's a little difficult when in a situation like that, where someone has been patient waiting a long time and because of something they lose the moment. At that time FOMO will haunt our minds, I think there must be emotional education about trade. I saw several youtube channels that gave tips on trading, they were able to maintain the situation when they lost their moments and were patient again so they were very confident, this is a professional trader.

in my opinion FOMO is never good. as soon as you feel stressed and make hasty
decisions you make mistakes. and feelings are when it comes to business actually
only to the detriment. so FOMO is as good as it can be to avoid in my opinion ;)

This is mostly drive by the desire to make money. FOMO has really dealt with a lot of persons. Keeping your cool and controlling your investment can help one out of FOMO. Trade carfully.

Greedy and patience is like gold,even you are pro trader but still greedy and doesnt have patience it will kill you slowly. Internet connection is big issue also, sometimes we find good exchange with so many trader,if we talk about token or altcoin who's make FOMO that mean so many trader also into it so website crash or who's not have good internet connection will get bad interupt. Dont enter market if cant control your emotion. You should enter with good position and moment.

And who is following FOMO strategy now in a bear market?  :D
The pure FOMO is an altcoin season, when people are byuing everything no matter the real value.  8)

That's better rather than sell your assets when the price gets plunged to the bottom. Sometimes FOMO can be considered as a real FOMO when there will be a massive buy in the market but FOMO can turn to the bulltrap and this is what makes everyone feel worried with FOMO.