Bitcoin Forum

Im sure we are all aware what fomo means.

Bitcoin has indeed ran a good race to over 10 000$ and it has pushed up the prices of altcoins simultaneously

Do a proper root research before getting into altcoins, resist all temptation to fomo.

Because when btc moons, the dead alts can rise momentarily only

NB, FOMO is not a good feeling during the bulls

Let investors do what they feel is right, they should know what decision making is all about, either to buy,sell,hodl or just do nothing, it becomes a habit during times like this when there's a supposed bull run for users to start giving advices and telling people what to do. What you may be advising against may even be a ticket to good ROI, enough with the don't do this and don't do that.

I understand your angle duly, and that is why am open to suggestions.
but the facts remain that some coins don't have alternatives and everything comes back to bitcoin

Don't invest because you are being emotional and you see the market becomes promising again. Before investing to altcoins of your desire, forget about it for the meantime and strive to invest as much as you can with bitcoin.
Accumulate while we're not seeing it mooning so that you already are holding it whenever the market surprises us and turns into another skyrocket phase.

I already opted out of altcoins after bitcoin hits 10k, its better to rely on bitcoin than altcoins because I feel this is not the bullrun we've been waiting for, its just an hype market about bitcoin upcoming halving in few months

This is the most dangerous characteristic that people can have in the cryptocurrency market. if anyone fall into FOMO he can very quickly lose his money. never hurry. the market always rewards the patient players and if you do not have time to invest in some kind of coin and it has already grown - then just wait. there will be many more opportunities

Fear of Missing out stand for FOMO! Sometimes it is good and beneficial but sometimes it was totally bad because it will drain your resources without expectation, the best time to invest while having FOMO is during the early days of the Bullish Market Trend that was exactly happened during the early days in the last quarter of the year 2017-2018 Bullish Market trend. We cannot avoid FOMO because it was part of the speculative nature of cryptocurrency just ride with it gamble with it at your convenience.

I think this should not be a news anymore, everyone in the crypto currency sphere is supposed to be aware that every suggestion or analysis followed is at their own risk.
Which is why the word (DYOR) is always referenced.

Several altcoins mooned during the bull moments, and likewise with the small dip, several dumped.
Do your own research, get a seer purpose and reason to invest, then go into it.

I think we should carefully pick and choose the coins to invest and then stick to them unless we find a new high quality coin, the bull trend has just started which is indicated by the market structure, so at the sametime there would be many unknown, low cap and productless coins that will try to sell themselve to us but we must stay away from low quality ones and stick to reputed and genuine coins only, this will give us lesser risk and higher reward when the bulls reach their peak.

Who says FOMO isn't good? Come on, let's have it! Something has to push Bitcoin price up so that altcoins can follow suit. Let the Fear of Missing out start now! Don't forget that something has to keep the bull run going once it kicks in and something has to also kick it in.

Momentarily? You mean like they rised insanely in usd last time? Sure it raises in btc momentarily depending what btc does, but it doesn't mean that they didn't have chance to rise a lot in sats. But i agree that urge to fight the fomo, i rarely market buy anything if there's no clear indication of fast rise.

For us who already have the experienced, we know how to handle every market situation and at the same time we also like to see people getting FOMO on bitcoin is its one of the biggest factor that would help bitcoin reach its ATH, they'll FOMO it's okay but we will always be cautious and do the right thing when the market is bullish.

For me, I am just waiting for the right timing and will do sell right away once I see my target.

IMO, the dead altcoins won't rise their values whenever. In my understanding, the dead coins are the shit-coins, means those who are delisted from exchanges because of no interest from investor anymore or the project behind them dead already. Altcoins rising their values currently are those coins that seem quite hard to improve previously, but they are surely not shit-coins. They have a chance to increase because they follow the Bitcoin good trend. It is normal as Bitcoin has the power to influence whole crypto coins.

This is term for those who dont have own decision and theirs are taken away with such sweet words and due to that they will bought it. Actually fomo isnt bad at all. There are times that Ive fomo on some of the coin hype like the enjim token and I did gain some profit from the pump it make. But after few days it drops again but Ive already dump it with a good target price and exited. There is always a risk so it depends on the person whether he will trust his money into it or ignored.

I only witness a bull run once in my life but I have some regrets for not selling some of my assets at the right timing.

if this would happen again and my dead altcoins will again rise, I am sure I would not make the same mistake again, so hopefully it will.

i do not think that dead altcoins will raise again, not briefly, not anytime or anywhere, but there are plenty good altcoin projects, that will follow suit with BTC rise due to halving and scarcity, because those altcoins are bringing new value to this market and industry, and providing value for users
somehow, for me, most important thing for altcoins is are they used or not, and is there any money on a daily basis that is spent on their networks

Well, that's what you believe but for people who experience the last bull run and have witness that shit coins have rise, they are expecting the same thing it will happen again as that is the only chance for them to sell and get out with a profit.

I am also holding a small number of shitcoins in my wallet but I don't buy them as shit coins, they were only shit now because they almost lose their value and it seems like the developers are slowly abandoning the project, but who knows when the bull run will come what would happen, we can only tell when the bull run is already here.

It's part of investing in Cryptocurrency to know when you are falling into FOMO, it's a trap that every investors don't want to be a part of, so many investors on altcoins lose a lot of money, no veteran investors would like to be part of FOMO so be sure if you are investing know if you are going to be part of FOMO.

I think FOMO is good only for those who have taken part of something that they FOMO, and make a loss for people who immediately enter without thinking, but in my opinion if for them as holders only just select the best coins in cmc and wait for the moon,  and if a trader certainly won't eat FOMO

Taking opportunities to ride with fomos will give good short term benefits it's indeed profitable to those who knows how to manage and how to escape  not to let things harmed your investment.

Stay with your strategy and not to change anything, keep focusing with how you understand the market and forget about riding with the fomos if you are ain't aware to any possibility of losing your money.

Lots of dead altcoins suddenly grown up by 500-1000% like Salpay, BTK and so on coins! This is happening in every Bitcoin pumps, so, it's better to avoid all the low volume altcoins. Don't gamble your luck all the time, if you buy those dead coins, you will end up by losing huge money. It's better to stick on top 200 coins for the investment, check the liquidity not the volume, research the community and recent updates then go for buying altcoins in this pumping time!

Consider also the panics happening. There were quite a lot of those back in January 2018, after people felt like price went downhill from 20k. If there would be a certain people asking for advice, if you don't want to be driven by emotions especially the FOMO or getting affected by FUDs, just leave a certain amount in a coin like Bitcoin then just let it sit like that for months, just don't forget the passphrase of course. People would surely forget about it in the meantime then they'll manage to be surprised after just few months.

Anyone will experience a sense of fomo if they see that prices continue to rise, for me personally only pay attention to market movements, if I see a lot of sell orders compared to buying orders, there I will try to get rid of Fomo's feelings, because panic sell will usually occur.

Exactly, I have recently made a post in regards to the same as people might be tempted to invest blindly due to recent developments but we should do a proper research instead of being carried away with the ongoing fluctuations as most of us have already lost a good amount due to FOMO.

Well, you should always invest in Bitcoin and even Ethereum more than the other altcoins. I don't really think the third best cryptocurrency in the market will have a brilland future, I mean Ripple (XRP) despite it has a huge value of circulating supply and market cap . So in my opinion, it is not a good choice when you invest in this  Banks coin. To be honest, sometimes we need to take the risk but without madness,  traders especially the beginners want to earn a lot of profit in a short period, but that does not going to happen even when you take the risk in a good way.

I used to have this fair of missing out. I see some altcoins and I start murmuring ‘what if it pumps? Why not just buy it?’. It never worked because I never did any research on those altcoins. It was just mere bad speculation. Now, I don’t even fear to miss out on any run. I simply invest in the major coins and the alternative ones I have reserved and observed to have huge potentials. Nothing is assured but it’s best we make informed decisions before taking actions.

Panic selling will begin if they saw a drop on the price and also those who buy on Fomo will be trap if they don’t act early. Buying during the hype is not good, that means you didn’t prepare for that and you don’t have a target price on that. I do buy only when its time to buy and only hold until it reach my selling price. The market is volatile, emotions can trigger you to act badly.

This fomo is quite worrying, especially for newbies who are not familiar with the cryptocurrency ecosystem.  Less experience makes mentally and psychologically disturbed so that it affects decision making.  Some things that can be done to prevent FOMO, whether in trading or investing are 1. improving technical and fundamental analysis technique skills, 2. emotional control and don't be greedy 3. accept all failures or risks and respect your decision.
If we have done the analysis, it will avoid panic buying and selling because we have determined the path according to the analysis.  don't forget to discuss with friends to strengthen the analysis.

sometimes those who dare to take big risks will get fantastic results at the end.
it doesn't matter if we follow fomo if we know the risk we take will be the same as the outcome, the crypto market is completely unpredictable so do what you believe in.

We can't blame investors or traders who still fall for fomo. When sudden dumped happens, fomo is entering and so the traders try to sell or buy in panic. The problem is that, it may be a trap that leads to the wrong decisions. Anyhow, even if we know that fomo will not give any good results at the end and give us impulse moves.
 
 Stick to your own technical analysis amd never listen to any fuds  to prevent fomo. Never doubt in your own TA.

Resist it all not just FOMO but also FUD specially when the price is dropping down.
It is the main reason why traders lose their investment because of joining the FOMO or FUD.

You are really suggesting top 200 coins? That is a lot! Also, based on what the ranking are made? Even a shit coin can end up being on the 200th position after getting pumped. Its not just the volume you should be looking. The volumes can also be easily faked. You should look at the coins before investing. Read about them on the forums and see what users (veteran and well known users. Not from shill accounts.) have to say about them. If you find the trading volume and the price pumping a bit abnormal, then just don't invest on the coin. There are few extremely promising and good altcoins on the market. Go for those.

People that do daily trading on a daily basis and are focused above a monitor could benefit by triangular trading between crypto/fiat pairs because for a while the crypto pairs appeared to have been sustaining smaller losses. But really, getting into altcoins is a much more dangerous trap long term. There are very few coins with a proven work in development and infrastructure and aside of bitcoin very few things can be for sure with crypto.

in that way I think it will only be a waste of time just to look at monitors and charts at the exchange place, it will harm the time available, but when market conditions are crowded it will be useful because the price movement will be fast and can provide a lot of profit to do daily trading.

its only discipline that can make a trader not to fomo, for me i always do my proper research during dip and i note some coins that do rise easily. its better to buy at dip that fomo because it will turn you to a long time holder if things go worse and it might take a long time before it returns to that position which you might be tempted to sell at loss. 

I think when the price movement are fast and high, then is the time to be wary of getting into trades.

I believe a good trading pattern is to get in when there is a correction, but before joining, you need to dyor and be sure that there won't be further correction (dumps) as you trade.
I don't believe in trading when the prices are high, its risky.

Nonetheless, it is my mere thoughts.
always dyor.

when btc bulls all coins will follow even shitcoin will also go up, but the most important thing is how long it will last, if btc has increased for 1-4 weeks then the alt may only be half the time from it or only a few days.

Hard to resist fomo we all have that in mind we do have fear , but we must not do anything in hurry and  lose all fomo is good keep it limited and we are good if we just think and invest or trade because of fomo all time then its bad , fomo with proper analysis is good

ALL THE TIME, you are not matured and intelligent enough if you can't resit the FOMO, usually the newbies will get FOMOd but people who have learn from their experience, we should not do the same mistake again. The market is good when there is a FOMO, but let them suffer and we will make making profit by their ignorance.

FOMO can only be good if you have done a research and you are comfortable on the outcome of your investment, there are bad FOMO and good FOMO some FOMO can lead you to huge profit and there is FOMO that should be ignored, because it's only to deceive investors into investing into something that is fake.

Is it?
So why not FOMO now?
Buy while they are cheap, right? As you said they will moon with accordance to the bitcoin pump.

I don't think so.
Bitcoin went to 13k, then 14k and yet some altcoins are still dead.
There is still no assurance to it. What if we are investing even in one of the top 100 and yet there will be no movement that will occur?

Usually this is happening when market is turning up. Those who dont buy until they see that its safe to engage themselves to crypto again are the ones who cant resist fomo. On the other side for investors who already holding coins, fomo is a good thing because it has an impact to the price, it can increase the value further hence they will sell to take advantage the situation. The one who will suffer here is those who buy at the top then the price will slowly decline like what happened on bull run 2017 wherein some investors buy during ath not knowing the coming days the market will turn to bearish.

We can differentiate with someone who sell their asset just because FOMO (fear of missing out) or because they know the asset (cryptocurrency) will be down soon.

I'm not actually blame for those who sell their asset because they have right to do that. And they will feel lose or profit when they make such decision.

Even, I just hope for those who lose. At least it will make them aware to find more before they spend money. I believe if they do that they will never leave cryptocurrency although they lost a lot of money.

Include the Fudsters also, you know what I mean about that already..

You are right but most of us do FOMO on altcoins. Humans never learn from experience only the high emotional intelligent traders will not FOMO during bull run. A good trader once FOMO on ETH and all of a sudden ETH retracted back. However this requires discipline. 

FOMO is a problem not only in the bull market but also in the bear market too. Fomo is the main reason for existing volatility and the volatility is now so high because so many people are exposed to this feeling. controlling this feeling we will learn how to make money in our pockets

Fomo is good because it's just another explanation of greed and greed is good. You want to be greedy as an investor and you want to keep your money on the move. Those who don't never win. You can sit and wait until; you're old or chooose wisely and invest.

There's always something worth investing on the market you just have to find that hidden gem!

I would say do not resist FOMO, I would say resist FUD, right now that is exactly what we need. Fomo is helping market up, it is "fear of missing out" and as people here who like crypto, we should make everyone feel like they are missing out on something amazing, and not just make them feel like it but actually make them realize it because altcoin fever and bitcoin craze are not stuff that will soon end, for the next 5-10 even 20 years this will continue, I am not sure which coins will survive and which coins will be bad but I can tell you that we will definitely not going to get anything bad going on for those years so getting in right now would be amazing for all of us.

Fomo is not bad, fomo is reality, fomo is what we should all aim at for everyone else who are not involved.

Correct. If you know the right timing you'll be able to catch up the right position. Fomos are those who keep losing money as they are not good in making correct decision making. Never to place your entry by following your emotions but instead make a good research and carefully analyze the situation.

   I agree with you El Kaka22, people should resist FUD, but FOMO can be a good thing. When people understand all the benefits of
crypto-currencies they will have a feeling that they are missing something huge and they will join. FOMO can affect masses to join
crypto-currencies.
   But there is other side, with so many crypto-currencies it's hard to invest in all of them with limited bankroll. It's a negative side
of FOMO, we can't have them all! Some coins and tokens will be missed, we need to deal with that and to believe in choices we are
making when investing.

Fomo is unfortunately inevitable in crypto, immediately we see price starting to rise, we feel tempted to get in and ride along, most times people panic buy or panic sell because of fear they don'twant to miss out and price may not come down again,
I myself almost fomo to buy btc at 10k plus but i later decided to hold on a bit maybe the price will correct at some point, even am still not sure if to wait some more or to get it.

Of course you are right, FOMO often confuses players in the cryptocurrency market, but now a lot has changed and everything needs to be trusted carefully. Of course, the desire to make money quickly is difficult to overcome and the new achievements of many cryptocurrencies pull us to commit dangerous and risky transactions. Now it is very important to make informed decisions and develop a clear plan of action for yourself.

FOMO is very effective not only in crypto but also in all areas related to money. FOMO is something that motivates people! For example, there are DeFi applications that are famous today. There was Dao Maker in the beginning and it created the perception that money could be earned from here, and other projects therefore started doing business development in this area. Indeed, there are more than ten DeFi platforms nowadays. FOMO has always been and will be very important in money related issues.

At one everyone fomo and get burnt, it has happened to me a couple of times in the past. Crypto in its entirety involves risk taking, so it's inevitable but care must be shown.

Fomo doesn't always work, sometimes if favours but most times it's so misleading, I don't get controlled by the present Bitcoin movement, jumping in and buying coins now is so risky, I think the buying days are over

Well FOMO is part of the trading journey I must say, but to totally resist it, one must to go the experience first and see it first hand and get a feel on how it is to be trapped inside because of your emotions and the only way to get out is to suffer a loss.

We all preach this in the community years ago, and yet people still fall for the trick, maybe they are greedy or haven't had the experience yet. But as sure as we become battle tested here and being mature enough to use our logical brains to make decisions, there could be people who are going to fall for it specially beginners.

The market is very sheepish. People don't believe the real potential of how much the price is going to rise. They wait in a bull market to see the price are really rising without a stop and jump in late. No prices are going to rise indefinitely and when the prices go a bit low, they are the first to complain.

There is no time limit for buying btc if you believe that it will really skyrocket to the moon in the future. Yeah! The prices are now slowly going up bit it doesn't necessarily mean that "buying days" are all over. Of course you can still hoard as many as you can, today is a good day for doing such thing rather than doing it on its $20k mark, isn't it ;D?

This is good advice, but it really depends on how what Bitcoin can achieve price wise as it would likely require more than a moderate further appreciation for the entire market to turn more bullish so just buy the dips and pick up bargains whenever you can

FOMO is something you must learn with great timing. Many projects have been down for weeks and some are also on the green light. If you buy btc now, I think its still worth to hold. During bull run last 2017 many have been rekt due to fomo and when the downfall happened fomo become a nightmare so everyone becoming fearful now to buy when the hype is on the run. Some still riding but of course risk is there associated with that decision so be always careful on what you do especially crypto is very volatile.

This is a place that is often unpredictable and we often complain a lot when the market starts to collapse. I think this stage is very suitable for investing but you need to consider carefully before making a decision because if the psychology is not stable, you will easily panic sell. Personally, I always avoid buying coins that people FOMO and choose only coins according to my preferences.

Correct. Ive been a fomo guy before, and experienced is really the best teacher. Buying some tokens or coins just because of hype is very risky. I'm not saying fomoing isnt good or dont have basis to excel but the factor you must be in should be perfect and I'm talking about timing. Just like trading, when you fomo, set a goal until where its gonna pump.

 Dont be greedy if you dont want to fall down in the end. Observed and be thankful on profits gaining more have more risk and this is dangerous if youre not into it. Piece of advise, to all just learn the process.

FOMO is not a good thing but that depends on the coin you invested, some of these coins are not worth investing. You might be trying to avoid the FOMO and at the end you will end getting the coin dumped on you and losing your money, so sometimes it’s best to leave the coin if your mind is telling you that it is not worth it. And that’s why doing a research is good, if you don’t research about the coin you might not be able to know if you’re doing the right thing or not.

But with research, you’re able to gather some opinions of experts and analysis on the coin that will help you determine your next action.

Agree with you, Fomo has become a nightmare for investors in the 2017-2018 period. And now they all fear fomo and this whole market. Fomo is not bad, but we need to know to stop in time, otherwise we can lose a lot by greed and lack of knowledge.

We can see when the bitcoin rises then all the already dead Altcoins will all return to grow so that many investors are stuck with a price movement that lasts only a moment, but with this kind of circumstances we must be careful not to let us Stuck with the altcoins, but some investors have been the one who had this situation and they could benefit and if they were too lustful then regrets would have happened, then in this case we must be careful.

my advise always is do no listen to what people say rather, follow your instinct as nothing can guide you right as that. fomo or no fomo, i dont listen and tht is the way i have been making my profit in trading. i trade to make profit sometimes and run at loss sometimes. i learn from all of this and ignore what people say.

FOMO was one of the worst thing you can felt upon your trading, this could make worse your trading and most of the newcomers fall into this. The secret is always be patient because market always fluctuate just for an example if you buy now even if the price is not perfect to buy you could still get profit as soon as the market enters the bull and set a new ATH.

FOMO most times leads to self destruction, once you allowed the urge there is no easy way out that to follow, the warning I would like to pass on to others is they should stay away from buying coins when they are surging because the coins will surely fall

It's always depend on someone if he will believe in some traders or influencers regarding such shill on some project. I recall the voting of MBL vs VIDT has clearly gain a lot of fomo sincr Binance voting created a lot of hype. If a coin got listed on Binance that coin is surely will pump but the case is different.

MBL won the contest but from high price it is fluked and down by 20% when traded already. Means some who fomo got rekt. See the effect?

The same thing happen to PundiX, this project also won the community voting, prior to its listing there was a hype already, and in other exchanges people are buying so it brings its price to its ATH but when it was listed in Binance, the opposite of the expectation did happen.

Indeed, PundiX was so hot and FOMOS really brings hype but suddenly when it was added to binance and the bear market start to showed up
the value of this coin fell hard. It's needed to assess the actual project and not just because fomos are bringing hypes and it should be taking
for deeper investigations.

I think when you are investing, either it is bitcoin or other altcoins, the basis you should check is the opportunity to have profit.
If you want to buy with the hope of it will moon in the future, then you are wrong.

Do your own research, develop an investment pattern and secure your assets.

A good analyst can still make profit with FOMO, which means it can be a good tool, instead of seeing it from a bad angle. FOMO is most times rumour-like. Some people believe in it and by virtue if that, it favours the early entries and some that probably bought low.
If it could happen to bitcoin, it means that no altcoin can be left out. You just crave for the opportunity to always get first-hand information.

when a bull run comes and bitcoin rises to the moon, that doesn't mean that dead altcoins will also go up to the moon. indeed they might want to, but only a few percent. altcoib which will continue to follow the movements of the bitcoin charts is altcoin with a good market cap and trading volume, or rather those in the top 10.

When the price of bitcoin rises, you should avoid altcoin which has long been inactive. The price of altcoin rose too high because the price of bitcoin went up and this is normal because bitcoin is used as a benchmark.

You can only combat FOMO if you are educated enough to know if the FOMO is legit or not, there are FOMOs that will generate income for those who will get in early and there are FOMO's that are meant to deceive people and mislead then to invest, even though it's not worth investing at the moment.

Rekt is always around every corner of crypto space, some people buy Bitcoin at 10k, there thought was this is the beginning of bullrun and now they are already at loss, knowing when to get into buying coins is one thing and knowing when to opt out is another

Projects keep their target too high but they don't even take first step to reach the high ladder so don't just get yourself into any project by only seeing their idea of project their roadmap is also another important factor to be watched out.

Yes, dont waste our funds investing to those alts that doesn't really give value and just because of fomo. There are a lot of new alts out there but the problem with them is that they don't have enough supporters or simply they dont give value that is why they starts to fail after the launch. On the other hand there are also a lot of good alts that we can say have a value but in terms of investing we should go on bitcoin because it is the one that has larger network adoption.

Fortunately or unfortunately, Fear of Missing Out is not diagnosable diseases. If you do not want to fall into FOMO, do your own research and stick with your plan. Consistency is one thing you need to keep constant if you want to grow your wallet. Do not try to hurry,  It can be very dangerous for your money.

Well while it seems obvious that the fomo should be avoided while selecting the coins or projects to invest in it hard to resist the temptation . I am speaking this from experience and it makes you regret the decision you make. It's better to make a complete research and the project members before investing.

Sometimes I think it's good to act according to the trend, especially for traders,they should seize the opportunity to trade alt while bitcoin is moving to make some profit but for hold and long term investment,I think one should do proper research before investing, don't just jump into any altcoin because you see it making an uptrend movement

I just did the same thing because I find a greater guarantee of gaining a better profit with Bitcoin because of its potential. Most investors are carried by the hype which is leading them to regrets and losses. It's better to look for altcoins with good potential or better choose Bitcoin rather than listening to fomos. Not all altcoins would rise when the market situation gets better.

You got a point, buddy. And it works, IMO. Reiterating your first statement, it best work in short term basis which I agree but you must be in recent trend before diving otherwise you might be leading to other result. The only catch here is that, you literally have no idea behind besides of it being a mainstream (lucky if you knew so you'll have a choice on when to pull out), well it ain't no bad thing but it is totally a bad practice, 'cause as a trader you always need to be aware of your surrounding, aware in means of knowing what's up on such on going stuff not just because majority are into it.

I think those people who succumbed to FOMO last time learned a lesson and therefore will not be inclined to repeat these errors with the next growth.
However, there are many new people who will probably want to invest in cryptocurrencies at the time of their peak growth, it is these people who should be protected from making such errors by disseminating information about previous events in the cryptocurrency market.

FOMO is real everytime market pumps and Fud or panic is real when market dumps, i have myself tried to avoid both these conditions most of the time but i have to admit that i still usually get caught in fomo and end up in loss and that goes for both new projects or established and top coins even recently i bought one of my favorit ada when it was over 6 cents and i thought it will hit 10 cents as bullish momentum was good but if you check now it is trading around 4 cents that proves it was just a short term pump and nothing big yet so there was no need to enter at that time.

Yes, when you posted this FOMO was the issue as people were buying like crazy without learning from the past and right now while I am typing this it's the panic selling and fud which is dragging the market further down, I think most of us will not be able to control their emotions when it comes to FOMO or panic selling and next few months will be more chaotic than ever due to bitcoin halving and we will notice people doing the same mistake again.

We need more posts like this to spread awareness amongst users about minimizing FOMO and panic selling.

Riding in FOMO is still good if you know how to handle your investment but it would prevent you from more chances of losing if you stick with your original plan to buy coins when the price is in dump. Buying coins at its peak price is not really advisable as the market is very volatile and its price is prone to changes any time.

both altcoins and bitcoins are birds of the same feather. None of them is stable. today over 51,000 accounts got liquidated because the price fall of bitcoin. we have never calculate how much people loose in altcoins. the crypto market is too fragile that people will get rekt easily and also make money easily. there should be a call for market control just like stock markets can halt the stock market to avoid much market loose.
Such move should be introduced into crypto to save the people funds.

Riding FOMO is only the game for the professional  as they know how to do it with timing, for newbies who rides with FOMO, most of them will fail and will just end up a bag holder, we've seen it last 2017 or the year of bull run and until now I can still read some comments saying they are already holding worthless coins they bought at peak, their mistake is they hold for long term what they bought during the bull run.

I don't think that when the market is bullish, the alt will also increase.
the increase in btc we saw in the last few months is not up, which is why alt does not directly follow the price of btc, and will increase when the btc is stable. whereas, when the bull, all currencies rise together, because there is a huge market momentum that makes all currencies rise.

The increase is not enough to cause a bullish run for altcoins.
Bitcoin has fall from its high this year of over $10,000 and now currently trading below $8000.

I believe there will be a bull run if bitcoin will be stable on its increase, to be sure there is an altcoins bull run, bitcoin has to achieve a new ATH.

There is nothing left to run after in crypto space anymore unless my source feeds me wrong information, it's better to exchange your coins to USD if you aren't ready for the upcoming bearmarket, this happens because of the present crisis on the economy and of cos the coronavirus outbreak that's still yet to be fixed

That's the right thing to do if you want to get ready on the bear market,.. the question is, is there really a bear market? Why are we overreacting, bitcoin is still at a good price, remember the entry price this year was $7000+ and bitcoin is back to $8000 now.

Hopefully we the crypto market is the saver for those who panic due to corona virus.

Every investor has their own way to earn peofit. Aome are just going with the 'flow', but for sure, they are aware of what they are doing. Investing into crypto would give you freedom to do so but be sure it won't lead to regret. If an investor would be carried away by the hype, then it is his choice and we should not blame them if they would invest on some alts in which in the eyes of the majority won't be profitable.

The market value of Bitcoin is anticipated to increase but that does not mean that there is certainty for the market value of altcoins to also increase or show parallelism. Although such thing happened before, we cannot be sure that that is what exactly would happen this 'time'. So if you are an investor do not be afraid and make your own decisions. Fomo is somewhat normal because you are conscious with what could happen to your money from investing. But you should deal with the risk, because it is investment you engaged yourself with in the first place.

Some people thought that the price of BTC will keep going up when it reached $10,000, they thought that’s how it works, they forget that Bitcoin is a volatile asset and it doesn’t go up at all times, same thing with other cryptocurrencies that are volatile.

Now that the price of Bitcoin decreased and same thing with assets like Litecoin, ETH, BCH and the rest of them, a lot of them now saying that cryptocurrency has failed them especially in this time of Coronavirus😂 funny thing is that they forget that a lot of assets like Dows, precious metals all faced the decrease in price and gold fall was around 3% or so, not much though because it’s a stable investment. Since cryptocurrencies are volatile, their fall will be high for sure.

Anyone who can adequately overcome Fomo has succeeded in learning the important basics of the crypto space. Fomo dealt with many traders who later learnt and also, it is still dealing with a good number of traders till today, it is something that should be avoided at all times no matter how tempting it is to enter that trade or market. Also, you made a good point about altcoins, when the market booms some dead altcoins will show little sign, but it is just to get to investors etc hence the reason why no matter how good the altcoin might look during that time, make your research properly.

You are right,FOMO ( fear of missing out). One thing every investor should know is that there are other opportunities if you are not lucky to get into a particular investment,do some more research and you would be happy you did,and you will find another opportunity to invest in.

People basically make a lot of mistakes related to finances. I think that we should continue to hope for the development of the cryptocurrency market. I will look for money to buy Bitcoin for $ 5000.

Let me take this as an upgrade or version 2.0 of the initial post.

After going through the comments in the thread, i think the best and most appropriate way to resist temptations to fomo is by feeding ourselves the right source of information.

We need to ensure that our twiiter follows, facebook notifications, and email newsletter are from credible, eligible and true source of crypto currency news, that way, we don't get reactive to fake news, or fuds neither fomo.

FOMO killed many investors on shitcoins. Many shitcoins have been known with FOMO, using top influencer to FOMO on the projects and it later turns scam. So it's better to stay off FOMO, do your own research. Before investing.. also will suggest staying away from new projects with high promises or launching on cheap or free exchange. such projects ends up being scam. Just watch out on good projects with your thorough research and stay safe with your investment.

Although the crypto market is slowly starting to improve now, we shouldn't be fooled by altcoin investments that don't have good prospects for long-term investment
for now it is better for us to invest in bitcoin because altcoin price movements are very influential on bitcoin price movements.

I think fomo still get to a lot of people, many still got cut up with Como and later regret their actions, it is very hard to resist fomo especially when they see price keeps increasing and all they can think of is jump in and make quick profit because they don't want to miss out, but as a result of this, we are they will find yourself in a tight spot, so it is very important to resist all kind of fomo.

Yes altcoins price are depending on bitcoin now and following its movement. So before investing in altcoins I think its best to have btc on top of your list then buy well estsblished altcoins and avoid the new coins. Well it doesnt mean new coins are bad, its just that mostly of them are shitcoins and dont have real purpose. So take advantage if there's a price dip on crypto and dont buy because of fomo, we cant be certain for the next movement of coins thus better to engage only during bearish market.

I was never a victim of any crypto FOMO but I do warn people against it and yet I end up getting caught in it, which actually make me lose 1800$, I invested in the project because it looks like it will keep surging and I entered at a very high price, since that day the coin keeps going down, I never expect to get caught in FOMO

Yes the most reason for people to be scared of investing in crypto is because of the story of the people around them who fomo into crypto and last most of their money.

I think I would understand if you fomo for top coins especially strong ones like bitcoin and ethereum but fomo for altcoin? I don't get it. You can make it even with the top coin if you didn't buy it at ATH. For altcoins with low volume and liquidity, once it falls, very hard to recover back.

Top coins means you already included altcoins on it because there is only one coin in the market that is considered as bitcoin, the rest are called altcoins and there are thousands of coins listed in the altcoins market.

In addition, speaking of FOMO, it happen not only on bitcoin but on altcoins as well, in fact if you remember, during the last bull run where FOMO was evident, bitcoin wasn't the most profitable but some coins in the altcoins market.


That's the gamble we have to play, with very less liquidity price could be more volatile, and if we fail we will be a bag holder in the end.
Hence, if you are afraid of taking a high risk, better stick with bitcoin or altcoins with good liquidity in the market.

Yes I think that you are right and it is not great to have a fear of missing out here in cryptocurrencies because you will decide for something that you don't want to do and you are getting urges to do it because of your fear and that fear is the fear of missing out here in cryptocurrencies which I repesr is not good. I hope that people would put extra care on their metal health here in cryptocurrencies becsuse it is important to know your capabilities and strengths and weaknesses here in cryptocurrencies and don't lose patience always here in cryptocurrencies

I don't think even dead coins will be pump this time and people now and newbies will not fall to FOMO again like what happened in 2017, people have learned their lesson and they know there is a trap in FOMO, so be very careful if the news that comes along is an invitation for FOMO, or you will be in serious trouble.

FOMO is literally the worst time to buy bitcoin, just because its going up doesn't mean it will continue to go up forever. People seem to get excited about profits literally at the moment they should be excited about selling, literally the reverse of what should happen happens. When bitcoin price is 6k, people should think about buying because that is low and they could sell higher, what do they think? About selling in panic, why? Because, they think it will go to 3k or even lower.

Obviously, it doesn't and price goes back up. Same with 10k, when it reaches 10k, people think that is time to buy, because they think it will go to 15k or more. At the end of the day, buy when it goes down and sell when it goes up, simple logic but millions in the world not only in crypto but everything in life, fails to understand it.

FOMO is not good, but some people can't really get over it; It's always difficult for them to do that. I know some people around me who are always afraid to invest in Bitcoin during the normal time, until the price starts to go up, then they will come to me and ask whether they should invest or not lol.

I usually advise them that if they really want to invest in Bitcoin they should always do that when there is really nothing happening, they should invest and hold their coins for a long time and continue to hold and take the risk even when the price falls. If you keep trying to buy out of FOMO you might make a mistake and even face something worse. Without FOMO, we cannot attract many instutional funds to in-flow into this crypto space hence FOMO is always needed but we need to be careful without getting trapped by it.

And those who are vulnerable with this kind of situations are newbies who don't how the market flows or have no idea how the cryptocurrency works at all. They get easily entice with the high return of investments eve without knowledge of what they are going into. That is why they must learn and educate themselves before making any moves in order to prevent them getting exploited by the situations.

Well I have earned some good money in crypto either from trading or promoting new projects but FOMO got me good, almost all the money I've earned I invested in a stupid project and now my money is not worth anything anymore, from 4700$ down to 1000$, I've learned a big lesson here and I will never make such mistake again