Bitcoin Forum

FOMO is one of the big enemy that needs to be conquered if you want to succeed in trading and investing. alot of people usually neglect investing at the early stage but only wake up to join the train when its halfway or near the destination. the oppression from friends and mates is also one of the things that make people fomo. thats why its always important to keep your emotions under control. dont be oppressed by anyones profit, you will make your own if you do the right thing. i read comments from lots of traders that are lamenting of their loss because of fomoing to buy the top. one important thing to always remember is that there are alot of opportunity, all you have to do is to find them early and buy into them.

It doesn't get old that there will someone who would share their losses because they've bought at the top and sold at loss. It's a never ending story because there will always be newbies that cannot take their emotions when they see the coin that they've bought starts to go down.
Buying at the dip is what everyone is recommending but you shall know it on your own if you're going to look at it and all of us have proper timings on it, whichever is the good price and coin to buy.

FOMO and FUD.!

These are common things that you would really be experiencing into this market where you can see lots of situations that could really happen from time to time and if you are just
new here then better get used to it.

Buy high Sell low. this had been a typical mistake where people do miss out buying when its still cheap and they do only make out actions when the price is nearly into its peak
which you can really anticipate that disaster would comes next.

Frustration is common but these are the things that you should really able to control to make yourself a better trader.

FOMO will always be a part of here in the crypto space mate, that's why our profit here will also always in our hands of course.
In short, We shouldn't depend our earnings in the latest news update about in cryptocurrency. Aside from this we should also need to feed
ourselves in knowledge to gain in the future as well. If we apply our emotions in a right way the result of course there is a nice a profit.

buying above because it is affected is not very good for the trader, we should try to take advantage of the best opportunity to be able to take the lowest positions and sell the highs because that is the way of professional traders today. so what we need to know is not to get stuck in the top position just because it follows the trend

History has it that the best time to buy is usually when most people are panic selling and terrified about a market crash. Unfortunately very few people catch this kind of opportunity and end up buying Highs and all-time highs.

I am very sure once this market turns to a bear market, we are going to have lots of traders lose money and remain cursing. I saw in late 2017 and 2018, and I will live to tell the story.

People experience the FOMO if they wanted to expect or to gain something in the highest possible way. Greedy so to speak. It isn't necessarily bad, but there should be situations where you yourself should understand that you're overextending and that it's time to stop, or not even enter it entirely even. Opportunities aren't found with hard work imo, it's highly dependent on luck. Doesn't mean that you shouldn't work though, do something that would let you look for opportunities, and then grab hold of it. Just judge properly if that "opportunity" is actually a good or a bad one.

For me, newbies are the MOST victim of FOMO, they are very vulnerable to it.
But if they will continue to trade and don't stop, they will slowly learn, and those mistakes at the beginning will be a lesson for them.
I admit, I always get FOMOd before when I started to trade on an exchange, very the worst experience.

The best way to fight the FOMO is to buy at the correct time and place the gains from the date of purchase. When you buy from the bottom, you reduce the risks that you may be exposed to.
The problem with FOMO is greed, when the price rises, the instinct of greed begins to control and try to catch the train to achieve the highest profit and thus loss because wave was high and you tried to ride it.

Putting aside your emotions and developing a strategy based on numbers is always best.

On the other hand, because of FOMO and shilling, many ordinary people became rich in an instant. First they shill, hoping to get a lot of FOMO victims, and then dump. Almost everyday they do that. Imagine how much many the can get from it.
I am saying, FOMO could be bad for those "victims" but there are also people who'll become happy because of this. Let's not be one of the victims.

They are being hyped by someone and that's why they tend to buy without having their own analysis, because they believe on that person that much. I have my friend recently buy DOGE on top, and now he's asking me if the price can still return to its peak, well my answer is yes but there's no guarantee when.

FOMO is the big problem of every newbies, they are not listening at all and only focus for an easy profit and they lose money instead on earning. We have to know when is the best price to buy and not just because of hype, better to learn first on how to analyze the market.

That will be there most expensive way to learn a lesson and I admit that I experienced the same thing before, FOMO is not good.
Newbies have to understand trading properly, most of them are just relying on social media and they buy because of someone's tweet, many are losing their faith in cryptocurrency again, they see a big gain they didn't take profit, and now they see a bloody market, you'll hear them panicking.

I don't know many people who ended their trading career with gains.

You probably haven't seen one. You just stay on this section and see those traders that are sharing their gains, they're not boasting but happily sharing it because they've gained.
I've seen many of them shared those stories of theirs, you have to find the topics that are related to that topic since this section is already about trading.

For that before buying altcoins need in-depth analysis and find the potential of the coin that will pump at that moment. But this kind of thing is difficult,
sometimes predictions are not always right. Talk about FOMO usually happens when coins are pumping and people are buying at high prices. Yes, this
should not be the case if you do not want to suffer losses by buying at a high price.

There are actually lots of valuable information that you can read up its up to you if you would really be that eager on finding it out.

Trading is a story of success or failure and you can really expect different scenarios which had been part of the reality when you do get engaged with trading.
Frustration and different emotions are really present.

Trading isnt for everyone and if youre a type of person whom do easily quits out then you wont really be lasting up long.

What's your point?
Do you never hear a trader with a successful story in trading?
There must be many traders who succeed in trading. If you google, check on Youtube, or take a look on social media, you easily can get the information of successful traders in crypto. But ensure it is a trustable channel, don't be trapped in a promotion of a certain crypto coin!

*If no successful traders, all people must leave the crypto market! In fact, even stock traders move to the crypto market nowadays.  ;)

There's a lot of frustrated traders right now because they are doing their trades wrong at the first place, FOMO is not good many is losing money because of this. Now that we've seen another big pump and big dump, hopefully that those frustrated traders will take this seriously and don't think for the easy money in trading. Don't buy at the peak and sold at the bottom, this is a bad way of burning your money, don't FOMO and control your emotion all the time.

They don't want to be exposed for sure because you might ask for some money, and I can say that many succeed on their tradings and they just want to remain private and focus on their earnings instead of posting it online.

For sure lots of stocks and forex traders had jumped in into this market because of that volatility reason where it can give you out potential profits which is way more than that you can
potentially earn into those traditional markets.
How would someone will be quitting out trading if he's profitable? for sure people would continue on what they do and earn more as much as they can.Just like what been said
above that this is something that not suitable for all.
There are traders who do succeed and of course to those who do failed.

If you're buying and selling without technical analysis then definitely you will get into top and may sell at bottom. This happens because market is highly tricky one which will be playing with your emotions to make you a no-brainer then and to push you to take wrong decisions at critical times.

It seems beginners are taking examples from loser and not at all bothering about the successful traders. I guess that is common because whenever people are making profits they are simply moving on but when they are losing then they will come into all social media to cry out about their mistake.

One thing for sure is, there is always a lesson to learn. Most especially the newbies, in trading you need to put your emotions under control don’t allow FOMO lead you to make quick decisions in trading.   

It’s advisable to buy low and sell high, but avoid jumping in at the wrong time.

FOMO isn’t a sickness to cure, it is a process, a stage, and is a part of the cycle.  Beginners or newbies have to realize and learn from it and they had to learn by their experience how bad the effect of FOMO would be.

And after that, they will learn from their mistakes and keep moving and become one of the greatest traders.  Even us, as considered mediocre to skill. We’ve been there and done that. We learned from our previous mistakes that's why we already know what to do and what to avoid.  We’re just gonna be drained if we’re gonna stop them from learning and I think for me we could let them grow by letting them go.

Traders are always chasing for an opportunity, Stocks and forex traders know that the crypto market is a good opportunity for them to get huge profits that's why they jumped in so quickly. In this crypto bull market, I'm sure that there are many traders that gained a lot, even newbies can possibly acquire profit on the market state right now. When the bear market arrives, The number of crypto traders will be reduced. Those who switched because of the bull market will go back to the market they are comfortable with.

It is really weird to see all these people coming in and saying that price was going up too much and this drop made a lot of people lose money and be happy about it and act all like "told you so!" when it dropped like 10% at most, when there is a market recovery already after that, but they were nowhere to be found when we reached as much as under 4k last year on march and reached as much as 64k recently at the peak. That means it represents 16x increase in the last 13 or so month.

There is nothing in the world that can give you that type of return, that's life time worth of return, if anyone put all of their life savings into bitcoin last march at 4k, they would have probably retired by now. This is why I think it is quite important that we should probably focus on how much we have earned, not how much we lost in the recent tiny drop that we are already recovering from.

Emotional control is indeed one of the success factors when trading. Therefore, it is necessary to train our emotions when trading. Train your emotions by using a demo account first, because if you experience a loss, it is only a virtual loss and has no impact on you. However, when you have started to enter real trades it will be quite different, where if you lose or lose some it will greatly affect your emotions. Certainly, most of the thoughts are about how to recover that lost capital when we experience it. If you use these emotions while trading is in progress, it will blind you to a more serious risk if you carry on with the irregular emotions caused by your own losses.

Stop for a moment looking at and thinking about your lost funds, first calm your mind. Because if you use angry emotions when trading it is not a good thing to do. It will be very difficult for us to think of strategies and solutions to make more profits. Take a break first when you are not in your prime condition, such as illness or a problem. Stop staring at your monitor screen first, do what makes your emotions better. Don't get burdened by the thought of wanting to return the loss first. However, keep trying to be calm in all existing conditions. You can think in advance the best way or way to solve it when you are relaxed. Patience is necessary, emotional control will be needed when trading.

Practiced doing your DYOR each time you do any decision making before concluding your way, it's best to make sure that you are the one controlling and not your emotions. Lesson learned from every events that take place needs to analyze well, don't jumped to any conclusions as most of the time, rushing it out leads you to lose your money.

In this volatile market, FOMO always have a higher chance of failures. Be furiosu and wisely take care of situations according to how you understand everything.

I agree that if somebody isn't into risk and is quick in temper, he shouldn't trade because he has a short temper which will make him emotional and would lead him to sell even the price isn't interesting and profitable.
And those traders that have gained a lot through it, they know how to make themselves satisfied and they know how to play the market because they've been into frustrations before and turned into lessons.

Hold your horses!

In life, you will miss a lot of things. You can apply FOMO on trading and investing, but basically, it works the same for everything else! When it comes to missing sure hits many of us can be put in the same group, we tried and we failed! But life goes on, we learn new from life lessons and we try to find our way!

Again... people like to generalize, but that's like a stupid thing to do... there are exceptions, people who do "the other way" and they succeed from time to time. We are free to choose our own way and to try to succeed! People who run into things will most likely lose in this game, but careful researcher and wise mind can be in help when you are deciding what to do with your capital!

I believe that we can make our own destiny! And we probably do it with every action we make, so we need to be careful what we are doing! Every step is important!

Ordinary people will certainly be trapped in FOMO because they see what is happening around them they know when something is being broken then they are FOMO by taking direct action even though this can be a big mistake where they will be stuck for a long time.

Experience must be a lesson we can find out how we are trapped in FOMO when people are flocking there, therefore I think we have to be able to withstand anything from these temptations because what we are trading right now is the best, meaning don't look when someone is This trend can make you greedy in a short time or it can be said to be a failure in managing your finances.

No matter what you’re not going to be able to stop FOMO, it’s something that is always going to happen all the time, but as an individual when you discover how bad it is to FOMO, it is then up to you to try and avoid it so that you don’t be losing your money on the trade due to it. Although there are times you will fomo and still make money out of it, it could be just by luck. Then it’s always good that we study the market and make sure that every investment we are making are being made at the right time, that way we will be HODL till when it’s right for us to sell our assets.

Yes when we are focusing on risk management and developing strategies to multiply our capital, we should also give importance on managing emotions against frustration. Because, no market will move as per your prediction, definitely it will react in a way where we will be losing some or full of capital that will end up in big frustration. So in order to be sustaining in market, we must need to have good emotion control so that we will be getting back to our technical things to recover our losses.

I'm continuously seeing some sort of traders are always coming up and sharing about their frustrating moments in trading, but I'm not sure how many of them coping up the situation and then coming up again here to share their success story.

Word! some people will not invest untill they see the project is up by 30% - 70% and then they will fomo in and expect a miracle, i think this is a common practice among many crypto enthusiast, always like to be late to the party, i think the major problem associated with such behaviour is procastinnation which often result to jumping in at the peak,
crypto investment is just like any other investment which involves taking risk and if anyone is afraid of doing so shouldn't be in crypto, and as the saying goes "you snooze you lose".

It’s clear already, anyone can easily tell when the market is at it’s lowest. Times like this that the market is bullish are not the best for buying cryptocurrencies, because you’re  likely to buy at the peak of the price  and then it will start falling , putting you at loss.

Before the halving I told my friends that it would be best that they invest in bitcoin or even Ethereum, but they were not ready for that, because they were scared that the pandemic has ruined everything and that it was over bitcoin. They saw it as a blockage, but I saw it as an opportunity. And now they are the ones that are not happy with themselves for not listening. They are wishing they invested during the pandemic, because the price of bitcoin then compared to what it is now is a huge gap.

FOMO is not limited to newbies. The concept that only newbies fomo is not true..everyone has emotions. Fomo is an emotion of fear and greed. And I'm sure everyone experiences that at some point. There's no exception it takes a lot of discipline not to fomo.
The crypto space is crazy and unpredictable. I have seen good traders lose their cool when trading and they completely forget their trading plan. Truth is things are easy in theory than in real life.

Many newbie make them loss much money after seeing fomo from the other, I think very bad ideas when some one entry on coin depend with other fomo. Better never try or buy with shit coin although promote by an expert because they try how to make you buy and other time they sell coin, after their coin sold you can see price dump and you loss all.

Totally agree. You need to set up a gold in order to find a suitable entry and proper profit. Patience is the key leading you to success in trading. Emotional trading only makes yourself disadvantageous. It is hard to conquer the beast within you but once you contain it, profit will come to you in a stable way

How to avoid FOMO? It is quite simple. Avoid trading with news because it is the prime reason driving you in emotion. Unless you are sensitive with the news (you can predict almost precisely every time the news generate information), do not enter any trade

Instead of trading, there are various ways for us to obtain knowledge such as reading more books. Trading books carry a lot of wisdom and the older the book, the more valuable it is. Trading is about the behavior of collectives and human routines do not change for the past few decades. Thus, learn to trade means learn to understand Behavioral Economics

I think that trading should not be seen as a competition, it is very difficult to reach the level of a whale, for some traders when they lose they do not say it, because they fear that they may see them as a failure, but the losses are normal, what must be done is Trying that the gains are greater than the losses is not a reason for shame.

95% of traders lose, technical analyzes fall, are invalidated and sometimes do not work, according to Malkiel Burton 85% of technical analysts fail, and fundamental analysts likewise, there must be a balance between both analyzes. I think that the main driver of loss for traders is because they believe that they will become millionaires quickly and that thinking is what leads them to failure, if traders saw trading as a business, just like traditional business traders do, Traditional business profits are seen at 3 years, with hard work, the difference with trading is that the profit can be seen quickly.

In failure is a natural thing because in trading there are always profits and failures so if the trade is associated with competition it is a big mistake we don't have to reach the whale which we need is enough profit every time we trade.

We can combine analysis and some of the techniques that we come across I think we can see the difference where we will reduce the failure at least with technical analysis we can break up what previously could not be solved, whatever in trading we must be able to see what happens and conditions how the market or even can see in some people is important in his words but which class balance is the main thing that we must maintain.

Key here is that you shouldnt rush up on making profits because everything would really comes next if you do able to do the right way.Experience is the best teacher and
those mistakes are learning stones for you to make yourself a better trader.Its just on how you do make out or set goals according to the path or career your are taking.
Frustration and regrets is there and its normal but doesnt mean that these things will completely block you off into your trading career.
Start small and try to make it big but not on a forceful way.

In my little experience I have managed to make a method that is very effective in trading, it consists of:

-Make a maximum of 3 trades.
-If I lose with 1 trade, with the other trade I recover and have a positive balance.
-If I lose both trades, with the third I recover and stay the same or something else.
-If I lose the 3 trades, I simply assume my loss and change my plan, I do not bother to enter but I try to see where I failed, the market is benevolent, it always gives entries with good opportunities.

I never allow myself to lose 10%, if I lose it is the maximum 8%, and if I win I make my trade x3, that is, if my stop percentage is at 8% my take profit must be at 24%.

I always see trading as a business and not as to become a millionaire, although that is what is sought, everything must go at a safe pace.

The biggest problem that occurs to traders is how they control their emotions when trading, and also lack the knowledge and experience when
starting trading. These two reasons ultimately made some traders lose due to FOMO, by buying coins at high prices. If people who can control
their emotions will not rush into buying the coins they want, they will wait patiently for the right time to buy. And also people who have experience
and knowledge are unlikely to panic easily and eventually FOMO, because they will do analysis and research first before deciding to buy coins.

Well, I just can resist buying more Dogecoin while the price is $0.40 this is because I'm not sure whether its going to dip again or rise more for its been doing the same thing for more than a week already.  Remember that it starts at $0.05 then shoots to $0.42. I felt the FOMO, you can't blame me. But now that its dipping to $0.25 I think I'm also going to sell.  ;D  That's how frustrating is it.

things like this are a common thing in the world of crypto trading. psychological weaknesses are exploited by whales for maximum personal gain. therefore I agree, behind the tantalizing Fomo, it becomes a hidden enemy, and we must be mentally prepared to face the possibilities that occur.

Yeah, these are all being covered by emotional management and traders must make use of it when they are under pressure. Whales are always there to manipulate the market directions hence when we are not good in emotional management then we will easily join to losing side. In my opinion we must never give room to FOMO and FUD; we should always stick within our trading plans so that we could make use of our technical analysis which will be the key at the end of the day for profit-making.

When we are not careful frustrations easily happen in crypto trading hence being careful and at the same time trying our level best will lead to assured success.

It is better to wait for more because Dogecoin has a chance to get down for more, especially if bitcoin is not going up or even the bitcoin price will go down for more. If bitcoin is down again, all altcoins will follow and many of the altcoins will go down and maybe some of them will go back to the lowest price before. We need to have more patience because that is how we can find a way to see our benefits.

trading or investing must have its own principles, and conceptual strategies to hold. Regardless of Fomo from external and internal parties, he still adheres to his trading principles. It's not easy to control emotions, when we are active in the world of social media, some issues, news and also information that is consumed raw will have a negative impact. therefore you must have a personal analysis, so that you are not easily scratched by the Fomo that is spread.

fomo can be your friend if you got lucky or you fomo the right way because you have knowledge on the coin you choose .
  they dont invest early because they want to make sure that they dont get scam but between fomo in pump and fomo in dump or early stage ,
 many people choose to fomo in early stage investing coins that are in ico because they are jelous with others gains and they think its the only way to earn money fast .

Finding it early and buying it was something that couldn't be done that easily. It takes research to find out. Because only a few people know. For example, when FOMO DOGE was very appalling. Elon Musk is certainly the key to FOMO DOGE. DOGE could even print its highest price in 2021, but behind all that, many people buy above because they are stuck with FOMO. currently all Altcoins are experiencing a drastic decline due to the BTC dump. those who bought above because FOMO was stuck at a very high price.

For now many are stuck due to the big dump that happened to BTC and following other things with altcoins, by buying above because of their ignorance maybe this is the cause of getting stuck and they will panic seeing this because it might be FOMO too.
You can say that ELON is the cause if we are dependent on it, this is a little difficult when trapped and it must be learned that FOMO can keep us trapped for a long time and like now no one knows when to recover because of a large enough drop but like it. the correction will take a little longer to reach the highs again.

Gotta admit that I FOMOd back in the days as well when I was still starting up.
Imagine that you started in Bitcoin when it was about to reach 20k back then.
It is like waking up in the middle of war and you don't have a single freaking idea what to do. Do you sell? What if 20k breach happened?
Do you buy? What if it dipped? Turned out I should've just chose neither.

Emotion is the one of some importants key in trading, and i think maybe it is the hardest part. Because analysis maybe people can be good at it with practices. But if keep panic or maybe get Fomo when something happen, although traders who already have very long time in trading activity sometimes get panic or maybe get FOMOed too.

That's right. There will always be people who want a piece of the cake but come in a little late.


TBF this is what makes a trader a good trader, you have to go through the down before you get to the profit. It is something I find people learn when experienced on their own skin.

frustration, losses and despair are all part of the process to scuccess - and of course learning to HODL/ sell at the right time.

This is one golden piece of advice in crypto trading. Many people get carried away by the profits of others who bought quite early into a project and for the FEAR OF MISSING OUT, buy at the top only to discover that such coin has completed its bull run and it's now decreasing in value and they'll eventually lose money. I almost got into one of such coin recently when because of the profit hypes, I almost bought it only for it to plummet down in price. Alas, it's bull run has ended.
The best thing to do is to make research concerning projects before buying into them.

Not that really necessary for you to experience because we are trying our best on not to experience it on the first place but this is an inevitable stuff where a noob
could really not able to avoid because this isnt something that you can get on few tries no matter how good you are on theory but still ending up on comitting some losing trade
due to inexperience and lack of knowledge.So these are the main stepping stones that you will need for you to step up on trading career.Anger, Regrets and frustration
are all in one emotions that you can really able to experience on this market.Its impossible for someone who wont able to experience these things along the way.

Herd mentality at its best!

I would like to think there is positive FOMO and negative FOMO, imagine investing in bitcoin more than 10 years ago because you heard about it from someone and you joined because they joined the cryptography journey first...and you followed them by now you would be praising them! Then there is negative FOMO which I believe leads you into a ditch with nothing to benefit from.

Have a plan, go straight on it, and reach our goal.

Because no matter what your friend had said, even you heard FUD's, it certainly won't affect your decision as you are heading straight to your target goal. Accepting other ideas, becoming an open-minded is something could help but as you who hold the future of your investment will have the right position to decide what you want. And it is you also who analyze what people says if that is wrong or really reasonable right but we shouldn't have to forget what we aim for. FOMOing is a challenge and many we're not able to survive.

This is because of the seasons we have been experiencing in crypto that we begin to think of buying before the bear market comes. And then we are not able to identify exactly when the bear market will start and that's when the real problem starts as well. Because when you suddenly dump thinking the bear market had come already but you suddenly see the price went up after dumping. A big loss once again.

When the market is in dip is always the right time to buy some but as you said people really like to buy around the top, I personally think for those kind of traders they need some kind of target for buying and selling so they won't get too carried away by their emotion.
Not to mention when they get influenced by those so called crypto gurus, it's just ridiculous how people could hardly make any decision but always follow other people's decision really easily. It's like when price are in dip people gonna complaint and how the market gonna fall down but when the price pumps they instead buying in bulk, isn't that should be the other way around? lol. I personally trying to accumulate even when the market is in dip because crypto has proven to be resilient and gonna go back up again eventually.   

The problem is that we wait for a season to buy as if we know when it is going to arrive. The key is to buy no matter what the prices is, if you are aiming for long-term just do it and buy, you will get your money's worth in the long-term hodling.

The fact is, when one trader wins huge, many small traders lose something. So why to cry out when you lose? Take it and move on. Second thought is never listen to anybody even if they show you a 100k% profit because they were lucky to enter the markets at that time and you may not be that lucky ahead. Listening to them will only force you to take wrong decisions and you'll listen to their brains and not yours.

Well to be honest it is easier to say than to be done because usually when a person especially those who have weak hand place in this kind of situation where everything is dip it would be hard for him to control his/her emotions and this could end up making a worse decision which is panic selling or buying. And usually, those newcomers are the ones who always experiencing this one but I can't blame them though because it is part of their learning to grow. Anyway, FOMO and FUD are some of the hindrances why traders lose their money, the only thing we can avoid this is to be knowledgeable and gain more experience.

Their ignorance leads them into the FOMO trap they don't want. even when the price starts to fall and continues to fall they panic too much and choose to sell even though they have to suffer a loss.

some people love FOMO when they already know what they are doing. FOMO has both big advantages and disadvantages.

To reach a higher price, it will indeed take a long time. Because after the FOMO occurs, it will experience a downtrend and last a long time. All you need to do is be patient enough until the price returns to normal or buy again with the spare money you have.

I faced frustrated after my altcoin selling price suddenly pump and happen just now, I sell ONE or harmony coin but few minutes after my selling filled price pump, but its better because I have waiting longer time for selling this coin. I hold more than few days and price ever dump extremely when bitcoin price dump.

Sometimes someone follows in the middle of investing because they have to take time for them to believe that the investment chosen is correct and matches their criteria. so it requires analysis for investment so as not to get stuck on FOMO

I agree, being involved at the early stages of a coin can make a huge difference in profits. Jumping on the train after others already bought in just means we are following the herd. I would compare the beginning of a crypto coin to a stock IPO. In most cases the stock prices jumps upwards after the IPO because more investors want to invest. This is similar with new promising crypto coins.

Nobody is an expert at trading. Even though we like to share our winnings more than our losses.   There are good times and then they are bad days. How you deal wit :'(h the bad days is what matters. Trading is like the game of chess. You need to have a strategy you're confident will work for you. And also have alternatives in case things don't work as planned you're not left in the wind. Failure to do so can be catastrophic

Topikstarter correctly noted one of the main reasons for FOMO - neglect of investing in crypto projects at an early stage. But many people in the crypto market are simply not investors. They are not even traders, but simply gambling addicts. For them, the most important thing is play, strong emotions and thrills. These are adrenaline addicts. As a bonus to their passion, there is an occasional profit, sometimes very large. But most often FOMO is accompanied by losses due to an unsuccessful entry point and not knowing how to exit a position in time.

We all do have our time where we will get our success. If you are not still there, do not get pressured of what other people have already attained because time will come that you will tag along with them once you get into your success. Do not let other people to dictate you on what you supposed to do because you must be the one to decide on your own considering not to let your emotions drive the way you decide for there is a potential that you might just mess up once you do mix emotions into trading as well as into investment. Keep your composure to make good decisions and strategies that will suit your needs.

It happens; we cannot do anything about that. It would be too hard for professional traders to catch the exact market turning prices. What we need to do here is, we must calculate our profit level from our buying price and we do not bother whatever things happening in market after our exit. If you start watching market even after your sell, then you cannot focus on other trades which will lead to double losses (considering you are missing your future profitable tread as well).

Yeah, we should not let our focus disturbed by other external things. Only when we are not bothering or not listening to noises, this will be possible. I referred FUDs and other unwanted things as noises.

How you handle yourself can be a good key for you to succeed in trading, every traders losses their money because there's no way for you to totally beat the market. FOMO is not good, you can lose money if you do get hyped by anyone and if you see the uptrend because of FOMO. Losing money in trading is fine, as long as you lose based on your analysis because I know, you'll rise again after that don't just trade because its trending today, trade like you'll conquer the market, do your best.

I've been in that situation when I sell my token then the price goes up but I just move on and realised that profit is profit I should not be greedy. I just proceed to another trade.
I think you can sell some of the portion of the token you own just to know that you have already gained profit about and then you can buy again if the price goes down. I also believe that FOMO is one of the time that traders need to control, most of the traders especially newbies are doing in and it ended up losing their money. Traders should take it seriously and if they ride when the market is bullish they also need to realise the consequence of their action. 

That's normal scenario in trading but you should hold your emotions. Even me, already experienced that, but I just told to myself that don't be greedy as long as I take profit, that's enough.  If you trade, just think positive always, if the value of your coins in trading dump, it will surely pump again but it depends on what coin you have traded.

Just how to control emotion when start selling or buying coin, many trader looks faster for selling coin but many of them looks late for take profit, they think coin keep growing up until hold and coin dump. The best thing for me sell after raise profit without any planning with coin up or down, but when have correction time I can buy back again.

You sound like you are continuously trading but most people here are making use of altcoins for one time trading and to get profits. But within that one time of trading, they might be hesitating to catch a right selling prices because of greedy they keep waiting for some more time but market may come down and then they need to wait for infinitely. At the same time some people go for selling straightaway when they see some profits for their holding but later on they start regretting for their quick selling when market keeps going up (this is what exact situation of most dogecoin holders right now).

Lest move with shit coin listed on pancake to trade now, you can get more than 100x but if you lucky and have best time for entrying, how ever bigger risk waiting for there because my friend with small fund only $10 can earn more than 1 bnb for profit. but many time I try my fund gone because coin can't sell again.

Emotions are hard to control in reality, some say it could but that was just a hearsay's, nobody could even tell himself that I'll be consistent in doing this.

Frustrations are just the result of our bad actions. We keep blaming ourselves (or someone) because of the mistakes but I don't think this is a good idea. Instead of blaming ourselves, why not make this a reason to educate ourselves and be cautious for the next decisions. If we wanted to improve, then we also to accept that sometimes we lose.

We are an emotional species, that's why it is bard to control and our progress as a civilization is slow. To me, FOMO is mitigated if you don't talk a lot about a certain cryptocurrency to invest in, just get in and buy and hodl and that's it. The problem with blaming ourselves is a lot don't see it as a learning curve.

The market remains open to everyone and there is no such thing as a wrong time to invest or been late to investments. When ever an individual gets knowledgeable to join the crypto space and decides to take advantage of the inventory that's his own perfect time and he / she also gets his RIO when due

The saying nobody is an expert itself is wrong, there is an expert and there's a trading noob. The trading noobs are those who easily get fomo'd by people thinking he gonna miss the opportunity meanwhile the coin he's about to buy already high enough it doesn't make sense to buy but still buying anyway. The expert needless to say always gather information, make decision based on that + analyzation and not easily get fomo'd just because some stranger say that coin is good or this coin is good. The expert's financial decision also entirely made from his own judgement aswell and not just following what other people saying. As a proof you can see why there's succesfull traders who's portfolio is so good they always score huge profits.

Now we are in a bull market and, accordingly, all coins in the future should increase in price. If you are not sure that you can sell at the maximum and buy at the minimum, then you just need to hold your coins until they reach the price at which you want to sell them, otherwise you will lose them.

I will just add, where your statement is correct, but what must be considered apart from that is that we have to invest in the right coins so that our waiting will not be in vain later. we see that the crypto market is very volatile, and if we take the wrong steps, it could be that our coins will become ashes. indeed we are most secure investing in major coins

Frustration is a feeling that you need to take control over by practicing a stability of your mind. There are so many reasons why you could be frustrated. The project doesn'T develop quickly enough, prices decrease or stagnate, the need to cash out for liquidity reasons, trying to recoup losses by throwing good money after bad money and so on and so forth.

But for most of the people, it will be too difficult to identify what is the maximum and where is the minimum. If they are trying to do so, that is usually ending up in big frustrations because they are usually in hurry to identify such levels hence ending up in misplacing orders which usually leads to infinite waiting or losses.

When we are not sure about what to do then we can simply continue holding so that we can get maximum profits out of no efforts. This will definitely help traders to avoid frustrations.

Better holding because can get more profit and see how much news giving and update on twitter or telegram channel with your coin holding, I think big chance if holding more than one or two years because many coin growing up more than 300% and you can get maximum profit with your coins.

In addition to that,
Wrong choice of project, expectations, and also, lack of patience. People had suffered these (natural) feelings will never have a good decision and mostly they often commit mistakes.

Frustration, self-blaming, it is not a thing we supposed to do because, in the first, it is our fault. We made decisions that we think is right but unfortunately, it was wrong. And this implies that not all the time we are in a good situation, and to stop this behavior is a big challenge since we are human beings.

definitely, but you should know when to apply it or let say you know how to buy and low in the right time.. Because being trader is not the way you think wherein you can place your money everywhere in the graph and you can make profits quickly . Nope its a big mistake.. I suggest to take some time to educate your self or practice your skills first before entering into trading.. And also learn how to find the "support and resistance of coin"  as its the basic and the most important when it come trading..

Very concise and understandable wording. I totally agree. You either set goals for yourself and sell according to them, no matter what happens next, even if your plans change dramatically.
Either you keep your finger on the pulse of the market and learn how to determine the peak of the coin and further pullback.

I guess that's kind of easy-going will be possible only after we are having significant experience in crypto trading. I'm not seeing new traders are accepting losses easily and moving forward but they are all getting frustrated more intensively due to losses. Yes, I agree with you, changing this kind of behavior is not easy for anyone but over the practice I guess everything will come into as a habit.

Avoiding frustration is very must thing in trading because only when we are feeling with fresh mindset we can focus on next trade which will be more important to recover losses. Usually feeling frustrated again lead to another loss.

Frustration because trading cannot be left too long. It takes motivation and a little refreshing to get rid of frustration due to bad trading conditions. If you continue to push, you will make other losses as you have said. This other loss actually makes your assets run out. a calm and focused mind is indispensable. Trading is not only technical training, but also psychology training to be ready to face any risks that are experienced when trading.

The more often you trade, the more you know where the restrictions you shouldn't break. All must follow the strategies that have been made previously. it will save you from frustration.

I agree that trading is consisting of different aspects but most traders are only focusing on technical part and just leaving off the psychological part of trading. When it is coming about emotional control while trading, most traders are getting failed and then finding trading as a complete set of frustration. We need to accept losses and at the same time we should not be greedy so that we can stick within our trading plan which is the first rule of controlling emotions in trading. When we are good at the emotion control then we can easily avoid frustrations in trading.

1. Emotion handling
2. Proper Risk management
3. Finance handling
4. Technical and Fundamentals consideration

These are the factors needed for you to control.It might be easy but its not when you are
already on the actual situation.

They are basing calls with the possibilities according to how they understand the technical part of it, they are not minding the sentiments
but more on the potentials.
Better not to use this as aggressions are very prone on losing your investment, control as much as possible and never go behind what you can afford to spare.
Correct, learn to appreciate and never to exceed with your limitations. mos of the time it leads us to lose more than to earn decently.
Precisely! you can simply move without any doubts and frustrations, smooth sailing.

Yeah traders are becoming frustrated when they keep worrying on unexpected results. So, I agree we must need to accept all the results of trading which can be profits sometimes and losses in different occasions. But, traders must need to treat both of them as same thing. It may not be possible for all the traders from the beginning but over the times of practicing, I guess it will become possible.

Avoiding frustration needs lots of practices but unlike demo trading, people do not need to go for any specialized training for this. Just remembering basic rules of emotion control will help anyone to avoid frustration.

I know how all the hesitation feels when you want to invest. You hesitate and hesitate and in the end you act too late. Ha, it even rhymes! Hesitate and hesitate and in the end you act too late! :P

You can't be 100% sure when it comes to investments. If you think you found a good opportunity, stick to it and observe it closely after you made your investment. Act fast if you notice that things are going wrong!

Buy FUDs and sell FOMO that is the basic strategy, so when you are feeling like a  chance of missing out then its already too late and it should be the perfect time to cash out and wait for the dip.

In that case, we better stop thinking about profit but instead of thinking about losses. Maybe this could help to avoid frustration.
Traders had overly think about that trading could make them profitable and rich which is just eventually different. Maybe some did the best and reach their goal but I know it wasn't in an easy way. And just like us, they also suffer losses, tested their faith, and most likely, they'll come into frustration but they were able to manage themselves and conquer such feeling that is why they succeed.

Thinking about losses instead? that isnt something to be that inspiring on why you do trade because we are doing this stuff for the sake of making profits which would really be a motivator for us to go further.

Its not bad to think about profits because you would really be setting up some goal that you should really able to achieved but always take out some caution and dont anticipate much because this would really
be leading into some frustration or being discourage when you didnt able to hit your target or goal.

There are some people who do easily quit up if they havent met their expectations towards their trades without realizing that losing is always been part for this kind of career due to unpredictability
of the market then its just normal that you would really be experiencing losses which is inevitable.

Great words!
After all, a really thorny trader, even if it is very difficult, through emotions and disappointments comes a real profit, you must never give up even when there is a loss for the loss of your money, a deal will come sooner or later, which will block all the minuses.

We cannot avoid this, every person must go through this. People always learn only from their mistakes, and only in this way a person will grow and form his opinion. It can be considered a rite of passage.

A good risk manager has an eye on both sides anyway. One eye on the winning side, that is profits when the price goes up of course, but on the other side is the losing side and a good risk manager not only tries to increase the profit side, but also to minimize the loss side. Part of it is to be ready to sell an asset without running in circles in your head whether it could go up again minutes later when in fact you are convinced it will actually go down.

things like this that often happen to us. when you lose sometimes feel heavy hearted to let it go, hoping that the market will rise again. therefore we must have a framework as a reference for our work. that way we will be disciplined, and can lock greed within us

It is fortunate that someone who is skilled at mitigating the risks exists because for me it is something that is very difficult for me to do.  FOMO continues to haunt you, but relax when prices are affordable.  I was so frustrated seeing the hype market but I didn't participate in it.  Please teach me to be able to feel the profit that other people often feel.  Stuck on fundamental factors even though profit always happens to shitcoin.

are you experiencing frustration now? many altcoins are now experiencing more than 10% decline just because the price of bitcoin has decreased by 5%,
but Bitcoin dominance has seen a dump and is now at 45%, of course this is a good thing for altcoins it should be, whether many still want to accumulate in low price,
buy gradually when correction is the right thing for now.

I also have noticed that most of the newbies are get into invest on Fomo. They always fall into it and as you said they can't control their emotions. However it is always need to be more patience before enter tge market you have to choose a right moment to entry and avoid the Fomo. Remond that a good project always gives us a huge return if there is Fomo. So we need to more wise before entry if we wanna get a good profit.

That is because they don't know yet what they are doing. And also they have been tricked by someone saying trading could make them rich (instantly). That is pretty ensane, they are so blind about that and then they will saying that Bitcoin is a scam, crypto is a scam because they now suffering losses ( at their fault) and frustrations.

I don't only saying newbie did this but some of those greedy souls as well. I'll never be expecting to have this scenario come to an end. As long as there are a lot of people who are hungry for money, frustrations are still there. This was a continuous problem.

FOMO can be really bad and a lot of people don’t realize that, they just bump in and start buying because there is a bull run. Most of them have heard about Bitcoin since before the bull run, but they didn’t want to invest because they thought it’s not going to grow again, now that they are seeing the growth they all wants to rush in. I have had people ask me whether they should invest at this time of bull run, I never give them any answer, they just looking for who to blame and point fingers at in case it doesn’t work out for them.

Like the you said, anyone that wants to be successful needs to learn to invest their money at the right time.

That hype created around certain coins do make a very dangerous situation as well.
Right now all the new projects only care about marketing and not about technological advancement.

I have seen so many new DeFi projects that paid 100k+ dollars just on marketing and probably spend under 10k on development. Why? Because all these newbies are interested in buying something just for marketing, and if you do marketing very well, you do not have to do anything else, you can be copy of something else with different design and as long as you can market it you will profit.

Yes you are right for example, look at safemoon, most people have no clue what it is, most people didn't even read any docs or whitepaper, they are purely believing on the marketing wave and they only care to make a profit, buy now, sell when its higher and that’s it and safemoon is riding that.

So, it is not really that ideal situation for now, we need to get back on fundamentals otherwise market may trick us at any time for unknown reasons for sure.

I know how painful it is for a coin to be pumping and you are left behind you will definitely want to join a moving train which is very bad because you might be lucky and thesame time you might not be lucky because am always  having thesame problem which I know is really bad and I know that in this process you will always loose money which is really bad if you can't invest in a coin when the price is still very low don't invest when the price is already pumping.

But what I can see is that most of the new investors had given no interest to know more about the project. They are just riding on the market flow, buy now and sell later. And they will leave soon when the Bullrun will end and these types of people had no plan to commit long-term investment but just a short-term deal. So, we can't expect them to take care of the crypto world but they could be the reason for the market failure.

Even myself doesnt already hold up something in my portfolio which i do only plan or tend to hold for long term.I do much prefer on seeing profits in a short span of time.
Frustration is part on this market because we cant just expect that we would really be making profits in constant basis which these kind of reactions is a bit common.
Thing here is that you do know how to accept losses and learn from it so that in next time you would really know on what you should do even not in precise
manner but at least you would really be doing well compared into your yesterdays trading.

Yes, that is the big differences between investors and traders. We cannot expect traders will be continuously persisting in this crypto space by contributing in all the means for building stronger marketcap for the entire cryptos. But they are all working only for their own benefits and we can expect them to pull off at any time which will definitely affect all the other investors who are all planning for long term holding.

But, we must need these traders to take our market into new heights so that the investors will keep attracting and will be coming-in. So everything is happening for a reason and over the time it will end up in good reason  like building more stronger this crypto space.

I believe the damage traders could cause is limited except for a couple of coins that are thin in volume and only pumped. Bitcoin and Ethereum benefit from so much more apart from just getting pumped. Ethereum is under constant development and Bitcoin has the first mover advantage a really strong following in general. Even the big players won't be interested in cashing the price at all. Those who hold a lot of Bitcoin will either try to sell slowly or not sell at all. Unless the exchanges don't collude  am not afraid of heavy dumping. The exchanges always win no matter where the price goes for as long as the volume stays high and it will stay high because everyone is excited about crypto.

Yes I agree because we cannot expect everyone to be turning as a long-term holders. Moreover only those people who are able to understand the potential of bitcoins, becoming true adapters like planning for long-term holding and all others are just looking for a moment benefits and more importantly like you have mentioned they are market movers and also taking bitcoin prices in to new heights which is more important in the long run.

Those who understand well are capable of holding and they are the one who can really create strong barrier to this asset.

You have to understand the flow and you need to work on it to how you'll take your position from each sentiments that showing around you, patience is the key to eerything, you'll learn more while you experienced both sides, between bull and bear there's knowledge upon.

Cool it down and observe, there's aways good outcome to those who understand the market flows and patiently observing what type of
strategy to use while working inside this business.

Just think this way, we have everyone as long term holders and only 1% to 5% people are trading and miners also preferring to hold like 90% of their block rewards then what will happen? Could you imagine like that kind of scenario?

That would be a situation where traders may not face frustrations if they opt long positions only because will remain bullish all times and we may not have that 4 years cycle of bitcoin markets. All the above bitcoin might have got chances to hit mainstream. But, we are into a situation where short term traders are hurting everyone as they are acting for their benefits alone.

That is why we have to make a market analysis first before making decisions. It is very unfortunate that most never do that instead of having used their emotions to help. Thus, we need to widen our market understanding, not only to focus on the other sides but to take a look also on both sides. We had suffered frustration that's because we don't accept that we lose (which is a part of trading).

Frustration is actually part of this on what we are doing because no one would really be that happy on seeing that their money is lost due to trading and we do hope for profits
but actually these loses are  the best teachers for us to learn up into something and its true that the longer we've been dealing with this market the more experienced we are
and the more we do able to handle out our emotions.If you do just accept the reality about winning or lossing trades then it wont really be giving out much effect on you
in the time you would be making out some trades.

its a common thing on investor dialy life , Fomo today Fud tomorrow, i just wonder , why u should care about other people's investment ? , i mean just let them invested to any they want , as long as there is jealousy and envy, we will never to be rich

We can never see any changes if people will never learn the biggest mistakes of their life. I really don't know why, it is likely we don't see any chances that this will put an end but just a continuous problem. Frustration, desperation, and etc...everything has seen negative results has badly grown as many people had come without knowing what they do. That actually a suicidal move they do and they will end up being frustrated, and then blames people around.

We should focus more with our own investment, though it's not bad being concern with something but if there's no way to change things up better not to engage yourself and be affected.

There are traders who keeps doing the same mistakes those people who are lazy not to care enhancing their knowledge about this venue of investment.

You always have your own way, best to work it out and not to be too emotional to lessen the risk of losing.

Frustration is good in some ways though because it enables us to improve slowly. I was into the hype train of dogecoin as Elon musk was pumping it and even holding events for it. I used futures to trade dogecoins and purchased a big amount of them recently only to see the market crash the next day despite all the events Elon did.

I promised myself never to trade again based on what others are saying and especially not following a single person because he might be the one who is playing with the market himself, we never know. I suggest everyone to avoid signals and such things and just go for simple trading where you buy potential coins and sell them for a better price, that is the best possible way to earn with trading right now.

therefore avoid FOMO, and also FUD, FOMO is indeed more dangerous because we are going to buy where it is a trap,
but FOMO can also have a good impact, of course if you are careful then you will be successful in addressing this,
trading because of FOMO? haha it sounds ridiculous, but it can also be profitable

It is not only about analysis, it is about being rational in terms of your decisions. If you sell and it goes up afterwards don't be upset as long as you are in conformity with your decision. Those who are upset won't sell next time believing they don't want to make the same mistake twice but that time when they hold tight the market crashes.

I think most of the people who enter the market do so because it is on FOMO, and no one wants to lose the movement of Bitcoin when its uptrend begins, of course this scenario was the one that happened in 2017-2018 when BTC reached $ 20 .k, everyone believed that it would go up to $ 50k, then $ 100k and that from there it would never drop in price, in fact many people believed that Bitcoin would continue to grow, that it did not have a Distribution stage, that is, the normal market cycle had not been fulfilled: Accumulation and Distribution, if this had not happened, the market would have gone through a stage of re-accumulation or redistribution, this according to Wyckoff's theory, occurs in all financial markets, and this applies to the market of Bitcoin

When the Distribution stage passed, all the emotions went to the ground, some were still waiting for BTC to recover again, I think there will always be people who will not know much about the financial markets and will fall into these types of errors, it is like a chain that never breaks.

In the case of crypto market, FOMO is always going to happen to a trader because overnight the price of a coin can go more than 50%+. When an influencer shouts like "Doge to the moon" in that very moment you wanna be on the exchange to buy doge without even checking if the price was already the peak. In the end, you failed to profit.

You'd be more frustrated because Elon joins the fud about greener energy that causes this dip once again.

I think that the only time that you should worry about FOMO is if you are investing in a coin that isn't promising or even has a future in the market. Cryptocurrencies that have established already are immune to FOMO because no matter what price you get in, you will still get a profit because over the long-term hodling, it will ultimately go up.

You are right, most people due to the fact there saw testimonies of people who made profit from a particular trade and there jump in buying the top which will later lead them to loosing funds, in this crypto space one  really need to learn how to control his  emotions if not might end up being frustrated. The crypto space is big enough and got lots of opportunities so no need of chasing an opportunity which has flew already, make researches there are lots of fresh opportunities all you got to do is Join them early, remember the rule here is buy low sell high.

yes lot of players right now is frustrated about their investment because all of alt coin right now is in dump because of the sudden price down of bitcoin. there are lot of newbie that invested big amount of money and after they losses their capital they easily frustrated and quit crypto currency.

And probably the testimonials long before sold their coins and then start advertising them. There are a few celebrities on Twitter who use their follower base to manipulate the market. One day they say out of a sudden that Bitcoin is doomed and three months later they show up again and say Bitcoin is going to a million USD.

And yet we can partly soften the blow. It is enough to learn how to join someone else's experience, study other people's mistakes, look for where other strategies were mistaken and compare with their own. It is difficult, but the abundance of information provided allows us to do it .

It is very natural for a trader to experience frustration when the dump occurs, I also experienced that,
I bought an altcoin and I still lost 30%, and I was frustrated, but if the frustration is still in us, then it will be detrimental,
and I try to get rid of that, as long as you are still in the spot market your money is still not gone, so just relax

As long you didnt panic sell then theres still chance for you to recover and its normal that these frustrations would come come specially into these kind of times
where price had dipped down after you had bought on the peak price and i do understand that kind of feeling which could really be frustrating and you would really be angry.
Is there something you can do? There's none but rather better to be mindful and try to resist that panic inside you where you should hold and make
out some cheaper buys since these kind of opportunity cant really be seen often.