Bitcoin Forum

Hey all, I am new here: I've been reading a lot, and not posting much at first. You have a great place to learn at BCT. When trading crypto do you expect better, from yourself, but then impulsively jump into things due to FOMO? Has anyone reading this ever found a cure? How do you permanently change and naturally be patient? Thanks all.

What you are talking about is letting emotion to be controlling you. If you are a newbie, you will experience that. Even if a trader is not disciplined enough, he may be controlled by emotion.

But sometimes, it is good. Example is when the market is overbought or oversold so much to a greater extent, a good trader may see it as a good opportunity to open a position.

Trading is more than that though.

Yes, but only when I was new to crypto sphere. Now, I can control my emotions and have found ways to control the urge to follow FOMO sentiment. Knowledge is power which could help one to control the urge of getting into FOMO. So, my advice to all is, try to get more knowledge about something they wanted to start investment in. Because once you will gain the knowledge then you will know what results you could get in all possible scenarios.

I have a friend in my circle, who was asking to invest in BTC, when the price was at $25500. I said him to take entry so that he would at least be safe from FOMO but he did not listen to me and today he told me he should have taken the entry at $25,500 (around this price). He learnt the lesson hard way but still he did not lose much as BTC is only $2000 up which in my sight is not that much.

Point is, to avoid FOMO we have to buy at least some of the Satoshies with some of our money. Like we should not do Lump Sum instead use only 10% to 20% of your investment so that you could avoid FOMO.

Fortunately, my low impulsiveness in the markets has meant that the only thing I have done is sell earlier than expected. So far I have been lucky because the times I have sold have been at high points in the market, something that has happened to me in the stock market above all and also in bitcoin.


Sometimes you learn the hard way, when you lose a lot, but some people don't even learn that way. I would recommend that you don't trade, take the long term. And stay away from casinos too, they can be disastrous for people who have problems controlling their impulsivity.

Don’t check price frequently and only follow tokens that you add on your watch list so that you will not be FOMO if some bullish news appear on other coin that you don’t have any idea which is the main cause of FOMO or what called APE (buy in impulse and do research later).

Just trade tokens that you are following so that you will be comfortable to buy and sell since you knew in details what’s happening on the inside.

If you jump due to FOMO without made a depth research, you will not learn anything because either you're make money or lose money, it's all because of your luck. Although trading also require luck since there's might an unpredictable news will comes up, but at least you've try to analysis and learn the market.

The point of trading is experience and learning.

Lol nothing you teaches a better lesson than having the mistake yourself and losing money. There's all these available lessons about investing and trading out in the public but nothing convinces you of any lesson(inside and outside of trading and investing) than you experiencing it yourself.

There is no permanent cure for this feeling of FOMO. Most of the newbies fall for this sentiment and lose their assets. But pro traders also fall for this sentiment because sometimes, other than BTC or some good coins, there are projects that look attractive but are not. Those good promises and posters sometimes attract all types of people, whether they are newbies or not.

But there is a cure for it, which is different in different types of scenarios. For example, if you wanted to invest in Bitcoin but also wanted to buy it at its lowest point, But you wait for a time to get the market to that lowest point, and in that journey, BTC moved up, and you started to think the market would never come back, so you jumped into the market while that FOMO hit you to take action at the current price while the possibility of the market coming down was also there.

The above scenario also works for those who wanted to sell BTC at a certain price, but because of FOMO, sometimes they sold lower and then the price of BTC went higher.

It has almost happened to everyone may be while we are still newbies and then invested in bitcoin with the expectation that the market will surge within the shortest period but instead continue to go dip and maintain being on bear mode for so long, there are also times that we got negative impression from what we hear from the news about cryptocurrency.


Maybe sometimes we got consolidated from friends or when the market pumps back to give us more hope that the market will keep rising, it's just that in most cases, we do forget that we are dealing with a volatile cryptocurrency, bitcoin can rise and fall at anytime, you can not have an assurance of this if you had invested on altcoins you're not sure about.

Practice is the only cure. It's a time taking process and obviously you'll lose a lot of money in the process as well but almost everyone went through this process before becoming a good trader. Better is to go with low amount trading, so that you lose lesser amounts while you are learning this skill.

Traders and cryptocurrency holders are not meant to be impulsive. All traders and holders must carefully and consciously be able to plan their next move whenever there is a new development. If you find out and observe from yourself that you sometimes get impulsive, you have to fight to gain control of this habit consciously so it does not lead you to making wrong choices in your trading. You may not be able to permanently change the habit of impulsiveness in all aspects of your life, but you can control it and eliminate it from affecting your trading.

Also when you realize that you are prone to impulsive decisions, learn not to take decisions in a hurry.

Experience would be the cure from real engagement on which this is something that you would inevitably be able to experience or gain on the time that you do engage on things.There's no one would really be able to

taught you about that but only yourself. It is really just that normal for a noob to have that kind of experience and everyone do able to experience that on the time that we are just starting or on the time that we
are dealing with things that we havent experienced before. Emotion is the main enemy that you would really be able to encounter but just been said that on the time that you would really be able to have that
experience then you would gradually be molding up yourself to be better since you've been wary on how things works and how things do behaves.It would really be that impossible that you wont really be
able to make out adjustments since you have already witnessed it on the past.

FOMO and FUD is something that very common which not only focusing on positive hype or movement in the market but also into other side of things on which it would really be
commonly be affecting your emotion which would lead into alteration of decisions.

When I was new to trading, this is what I have experienced. A lot of FOMO in my trades because I don't want miss an opportunity in trading that's why I immediately buy long even though the price was already high and sell short even though the price was already low. The main reason why I keep doing these before is because I don't have a trading plan. Don't rely on learnings from YouTube because you will having a hard to time to create an edge in trading. Not all the stuff in YouTube are true and most of them are incomplete information.

Before I was but it wasn't so effective at all when you're like that.

Yup, you gotta learn with the losses that you'll make because of having that attitude towards the market.

Being patient is like you wanna avoid incurring losses and that's going to force you to be patient and be wiser with your trades.

FOMO is one thing that causes some people to make mistakes while investing in crypto or trading. The remedy is that you should learn to exercise self-control and also do good research about the coin you want to trade. As a trader, you will need to learn how to analyse the market with some tech tools that can give you a predictable movement in the market, although they might not be very accurate but can help. While trading, you must not let your emotions guide you, but make sure you process your decisions very well before putting them into action.

Most of the people who started in trading most likely also experienced that kind of thing, for me it wasn't really permanently changed or cured when you feel FOMO. Cause you will always feel that when people around you are hyping on other coins which you really don't have any idea and knowledge about it. You will just control and resist the feeling  which in the long run you'll get used to it like it's part of your life in trading cause FOMO is always around in the crypto industry. You can't just take any hyped coins just focus on one where you have accumulate knowledge so when you do trade you'll feel much safer than a hyped one. It's like the heart vs the brain because your heart will say that people are gaining on that one coin but you will use your brain to handle the situation.

IMO it will happen with time and few losses. though i feel its good to FOMO sometimes but in the wider picture u will face losses. do your research before entering a trade. the only thing which matters is to save your capital while trading. so all the best for your journey :)

Haha as a crypto Doctor OP, I want to recommend you to use more fresh water which will keep your Blood more rich with the hydro neutriants. Do daily 2 miles of walking daily in the early morning to have greater control over your Emotions (Kiding). Haha buddy there is nothing extraordinary needed to control your emotions you need to try to learn to be consistent with the market.

In order to increase your performance with the emotions in the market you need to follow two golden rules, one is never rush with Twitter and other crypto news because this is where most of the traders lose their patience, first of all, verify news even most of the time Cointelegraph and coindesk news are just piece of shit so how can you trust the celebrity you are following.

The second rule just follows the market principle to perform better, "Be fearful when everyone is greedy and be greedy when everyone is fearful."

Honestly, it was hard to control our emotions, you can't do it instantly. But what I did is that I'll take trading seriously I need to be more cautious with my actions and the market response, it gradually changes until such time that I totally control my emotions. However, this would not give us assurance that we never fall into wrong decisions and make loss of money because whether we like it or not, this thing is going to happen to us. Which is why we don't leave confident and ready for the consequences.

There is no perfect trader, some might actually done the fomo act, even me when I am too excited about something I tend to fomo a lot and resulting to burn up instead. Thats how the market usually it pointed out on the opposite direction you expect and if you dont got patient youll definitely burn out and lose your position and sell into loss instead.

That awareness will grow and stick with you along with your trading experience. You can read various trading strategy sources, but experience can control your psychology better.
Try to be patient and consistent with the plan you have made, it doesn't seem difficult. but when you are inexperienced, panic can really mess things up. this is fairly normal, even experienced by most novice traders. The medicine is only within yourself, based on your ability and desire to correct mistakes in every trading experience you make.

That's right, in doing trading activity, an individual trader does not need to be emotional. That's why the problem is often with others who try; they only had a little idea of trading and thought they knew it. So, when something unexpected comes that doesn't complement the setup he did to make money, it is preceded by their emotionality.

Being emotional is part of human nature, it cannot be removed from our personality. All we need to do is use the right emotion that we will feel, so others say that as a reminder to newbies, be prudent, have self-discipline, and have self-control.

I've experienced something like that. And well it's something that is hard to treat. Even when I studied trading psychology and such, it still didn't let me get away from it.

But as time goes by and the more I get involved in trading, I subconsciously become better at controlling my emotions in trading. Well now I can be more patient and avoid FOMO. And it seems that it's just experience that makes me better at trading.

Of course, you can't switch off the emotions, at least subliminally they are always there. But what works very well is not to be dependent on your own emotions. There are very good ways to do this, such as trading bots that execute your own strategy or a simple "stick to the plan", where you set yourself a plan and follow it 100%. The latter, of course, requires a lot of self-discipline ... which you have to have as a trader anyway.

If you don't want to be affected by FOMO, you are better off not entering the crypto market and only investing your money in Bitcoin. And in investing in Bitcoin, you use DCA so you won't be too affected by FOMO or anything that could make you worry.

But if you still want to trade, you must be able to manage your emotions so that they are not affected by any news that is released. There is no surefire cure, but you have to learn to be patient and keep learning more about trading. This is so that you can find out what is happening in the crypto market and not panic after reading outside news.

You only have to practice to avoid being affected and it takes time to master it. And it is with patience that you can manage your emotions and stay calm no matter what happens in the market so you can use the moment for your benefit.

FOMO happens to me when there is a lack of certainty, meaning that I am thinking about several things and I am not sure of the decision I made, or when I do not develop a specific strategy, and both things can be solved easily, as I can place a bot to trade with a strategy, and after that, if a loss occurs, I will not regret it, but as long as I prepare. Thinking about your investment or if you do not have a strategy and plan, FOMO will control your investment decisions, and then you will depend on luck for the success or failure of the plan.

Experience will tell it all. At first, it’s normal for us to jump into FOMO because we always want to take an edge on everything, not actually thinking that this FOMO will only lead us into more losses and frustrations. However, as time goes by, and as experience in the market has widen, you will eventually learn to adjust and be patient. You will realize that sticking to your goal is most important, than to divert things and suddenly jump into FOMO because of your uncontrollable fears and doubt.

If you found yourself doing it wrong then you got the answer as well, stop it right then, huh?

When money is involved in things it can affect your decision-making abilities due to overwhelming your emotions on it so to stop it you should stop bothering the negative news or positive news which can result in FUD or FOMO and think damn straight from your point of your's so then you know what you need to do at that situation.

And stop worrying about missed opportunities cause nothing is gonna change what happened in the past so just keep focus on what is good for the future and start working on it.

Self realization would always be coming up next and it would really be just that common sense on what you should gonna do next because its impossible that you wont really be able to make out some comparison
in between wrong and right decisions on various conditions or situations on which it would be that normal that you would be able to observe on which one is really that something beneficial for you and whats not.
Being into the condition on which you are still a newbie then it would be always having that common impression that dealing with this market is really just that easy peasy but on the time that you had stepped your foot
into this space then this is w here you would really be realizing that it wasnt really as simple as we have think of it.

When we are noob, then you would be having those thoughts on seeing price pumps and positive rallies which you would be thinking that reaching out peak would really be a long and vast one and since we are really just human beings then it would really be just that right that you will really be having that kind of impression that you should join in with the ride and go have that moon reaction.
Since you are lacking up knowledge and experience then it would really be so easy to alter out your emotion and make out that sudden changes on your investment position.

Technically, trading with aim planned is the best and following that is the best practice because when things fall out of place, it's the same technicalities that will help you out but when you don't have a plan in trading, this is where problems start to  grow. When a trader set a trade after mapping out the trend using the trend line and studying the candle stick and then deviated from such plan, it can lead to what they don't expect. However, this is limited sometimes as plan of trade do change, like when the fundamentals change all of sudden especially when you don't expect it.

That been said but I haven't say the main points. Crypto is move by emotions rather than skills and that's what drive the price of coins; have you asked yourself why meme coins pump madly without anything valuable to show about this coins and tokens, they are hype products and the only thing you need with this coins is to hold instead of trading them, you will gain less when you trade them. This is why you sometimes see people abandoned trading when these give you profits you don't expect, imagine expecting a 10% increase and then you wake up at night only to see 200%, that's insane profits to make you change mind in your initial plan.

Bull run is another aspect that can change ones mind, literally coins pump more during this time with hype, this are one of the things that can make you abandoned trading and turn to full time holder because in trading, profits can be choppy but holding a coin is not stressful and you don't check for of your stop loss is triggered or not.

There are two ways to deal with this, the slow approach is that this will simply come to you with practice, now this means that sometimes you will feel the FOMO and take a dumb decision, however after this happens to you a few times you will learn to ignore those feelings as you know they will lead you to lose your money, the second approach is to have a trading strategy you have verified and backtested, this way when the market begins to go up very rapidly you will not enter it just because of the FOMO and instead you will wait until your strategy tells you it is the correct time to do it.

Another option is to use a certain percentage of your savings for FOMO. Money invested during FOMO is not always a bad investment. It's not uncommon to make a nice profit (if you're not the last buyer). Even in seemingly wrong decisions, there can be truth to them

I personally have never been interested in investing in hype coins or coins because of FOMO. Because I realized that it was not my passion and ability. Moreover, it is something that is really risky. And usually, when people suddenly choose coins because of FOMO, they may be driven by short desires due to various promotions and sweet promises from various influencers or media that exaggerate a project. So they end up jumping into coins because of FOMO. The danger here is that when they cannot manage themselves well and do so without sufficient knowledge and experience, then their risk of loss will be greater than the possibility of getting profits from this FOMO activity. This is even more dangerous, but sometimes someone doesn't realize it and even believes in the FOMO news.

But there's really a time that you do feel up that kind of regret on the time that you are seeing someone who had become a millionaire on just simply investing a few bucks? Yes, you are right and this one

is because of meme coins and some shit coins in the market on which you would really be that thinking about those probabilities and that what makes you interested on doing so.
This is why it would really be always better that you should really be that sensible on whatever things that you would be doing. Be realistic and not something that make you desperate.
Its not bad to invest on altcoins or memes as long you are aware onto yourself about the accompanied risks that lies ahead.

FOMO or FUD is really that common whenever talking or speaking about crypto market or with fiat/traditional ones which it is really that a very common scenario specially
when you are still that newbie on the time that you would be having that kind of approach towards the market when it comes into its movements
and behavior.

The importance of self-control in trading, cannot be over emphasized. It is the antidote for a range of emotions like the fear of missing out and greed which are very strong emotions that entices every trader. Those who succumb to it lure suffer its negative consequences.

When a newbie and a professional trader controls themselves, they are able to resist the temptation letting the fear of missing out dictate their action. Stay with your strategies as it will prevent potential losses that arise from excessive risk-taking.

Don't let your emotions control you when trading or you'll make wrong decisions that will make you to lose that trade because of fear, as a trader you should keep your emotions under control always. Anything that makes you want to fomo is been caused by your emotions. Discipline and self control is needed to become a professional trader that'll be making money from trading. Every trader has those experience but they put them under control.

You can permanently changed by understanding what is needed to become a professional trader because if you keep letting your emotions control you, you won't be able to make money from trading as you'll always be scared of the market moving and panic by exiting the market.

Not anymore, luckily I changed over the years and managed to become more patient. When I was younger I was always the first to get motivated to try something new, even if there was no real proof that it would work. Fomo is a serious problem because my brain would keep telling me that I need to jump on to that opportunity now, otherwise it's gone and I will be left behind. This was of course completely false and I should know better, but it's hard to resist such constant thinking. I am not really sure if got better to control my thoughts over the years or if I only grew out of the phase. Becoming older also means to become more relaxed and don't get irritated too quickly. So, at least for me there wasn't a cure that changed my behavior overnight. My recommendation would be to keep reminding yourself of the problem of FOMO and keep checking your behavior, to not give in to these sudden thoughts. Something that has helped me too was to focus on a more long term goal and not be to short term sighted.

Apart from money management, emotional management and risk management are fundamental to trading. We can trade with passionate emotions, but the results will also be risky compared to when we trade calmly. Moreover, we do something because of FOMO, it is absolutely not recommended in this trade. If so, we are relying on luck and what is closely related to luck is gambling.

It is better to do things for ourselves, meaning that whatever we do is based on what we see from the analysis. Even if we are wrong in analyzing it becomes an experience and lesson that can make us better in the future.

Controlling emotions and having proper knowledge. The biggest reason why you impulsively follow FOMO is that you can't control your patience and are scared of it without any basis. Only the word or the text that you have read or even if it is really appealing, you need to have your own knowledge to verify it, because it doesn't mean that someone told you about it and you will then follow; it is better to verify it first. That is why having knowledge on it is also a must.

Trading is always hard and therefore should be learned the hard way. While I naturally have experienced about FOMO, but it was only when I was still a beginner trader. I was actually impulsive and impatient at first. But experience taught me that FOMOing has nothing good to offer but only losses and mistakes. That’s when I started to stick on my trading goal, and become more focused and patient, and never fall into FOMO again.

After i have made some several winnings in my first trades, I think I was better and then all of sudden decide to ride the FOMO and everything fall apart. That’s when I realized that FOMO is just another trap in the market that we should avoid. Otherwise, we will always miss opportunities and never get to success. If you don’t have the knowledge and wisdom when trading, probably you will end up riding the FOMO all the time.

Yes, although the mistakes didn't cost me a lot so I'm not that mad about my decision.
I don't think that there's a cure for that, it's a mindset thing and it's different for every person, remember that what works for me doesn't mean that it's going to work for you.
Trying to change what you are for the better takes a long time, remember that you're breaking a lot of habits that you've been doing for how long you've lived, those habits won't die easily, discipline, resolve and will is going to be your weapon if you are determined to change as a person.

I have jumped impulsively a lot of times, somehow it's been good to me. Once I saw Bao named handle on Twitter, had a look around and instantly invested in it, in couple weeks it gave me 30x (It was somewhere around that), bear in mind it was bulls back then and also don't bother with this token now, I put $600 into their staking and it's like $4 now.

In my life, overall, holding onto coins has done me bad than impulsive jumps.

you cannot change your personality , but you can change your way of trading .

Put your buy orders , put your sell orders and stop watching the charts . Try to make automated trading.

Let go of your emotions while trading or learn to control them. It is hard not to get influenced by our emotions while trading, that's why we need to control them. FOMOs will always lead to wrong decisions if you are easily affected by emotions. It is a bit hard to do it but not impossible. Creating some self-rule and sticking to it no matter what will lead you to your desired goals.

First, learn to lose. If losses don't bother you, you won't be affected by emotions. Start low and try your best to make profits by sticking to your strategy. Never make decisions outside your strategy. Win or lose doesn't matter. And trade with money you can afford to lose. This is the best way to control emotion and not get influenced by FOMO.

Easy to say but its really that hard to be done specially when you are really just that starting up on which there's no way that you could really be able to control your emotions on the time that you had decided on dealing

with this market or space on which the volatility is really that on certain extent that you arent expecting to move that way in short time as possible where you cant really be able to compare into out with other markets that you do know and this what really makes interesting. We can really be able to see those long green candles in few seconds and seeing those red ones afterwards. If you arent really that good when it comes to emotion
handling then you would  really be that prone or susceptible when it comes to impulsive decisions which might cause into losses.

Dont make yourself get dragged with some FOMO or FUD or else you would really be that making out mistakes on your trading positions or entries/exit. Well, this isnt something that could be teached into someone
but rather it would really be normally gained on the time that you do have that sufficient experience and engagement on the market by your own.

Well most of the FOMO is faced by the long-term investors because they mostly wait for the cheap shopping and whenever they see the market sentiments are being manipulated and they can really miss this price point they suddenly force themself to the market and this is where most of them lose, for the regular traders the FOMO can be termed as a hyped opportunity where mostly people use to follow and take instant trades in the most volatile pair to generate profits in the future market, this is where they lose.

In simple words, we can classify he FOMO for investors and traders. A trader needs to be more careful with risk management and FOMO while trading because on the investor end it can be handled.

Being under FOMO is just a typical thing to experience here in crypto. It's normal.

Not totally wrong to have a mindset and behavior like that as long as you know how to deal with the risks and you really understand what you are up to. How long have you been in crypto now? Experience will teach how to deal with FOMO and ways to manage it along the way. Others considered that emotion as a disadvantage when in fact, it can be an advantage if practiced right especially for experienced crypto-traders.

How to become patient? As I mentioned, experience is the key. Just build experience and later on, you will used to getting along with it. You don't need to rush everything. Just ride the wave as much as you can. On the way while you are in progress, you will automatically know what's the best thing to do depending on the market situation.

News is very influential and many people make wrong decisions from it. I understand why it happens because that is what happened to me before I learned how to control myself, honestly, it was really hard. Perhaps it was a big challenge for most because even old traders had sometimes gotten in trouble. This is why it was not easy to become a successful trader because it was not just all about strategies and plans, but also it requires controlling our emotions from these FOMO and fake news.

You are right, you know, sometimes ago, there was this coin that was about to be listed on Binance exchange, but before they would list that coin, they decided to do a launch pad, and I had staked some fiatfor 30 days in order to receive that coin, but after the staking period was over and it was just a day for the coin to be listed, I decided to buy a lot of those coins because of the news that was released. According to the news, as soon as Binance lists the coin, it will spike from $2 to $10 and above. Mahn, this  coin got listed at $2, but it was only able to reach $3–$4, although after some months, it still got to $8 and I sold earlier before then. Things never happened the way it was described on the news. Meanwhile, I just had some FOMO with that coin. I even felt that if the coin could give me x100 of my investment, then It's good, but I was disappointed. That is why I said FOMO can mislead some investors, mostly newbies.

It's okay to FOMO that way but the FOMO that the OP is talkin about seems not right, and there must be a major reason for it to happen. It is still better to stick on our promise even if what we get in the end is a loss. If not, and we are right with out decisions, we can gain a lot of benefits.

Even if we use a bot, I think it is still possible for us to get involved in a FOMO, unless if we already ran the bot before, and we haven't go back yet in the market nor watch a news because that can trigger us to FOMO. Thinking about our investment is fine because what if we forgot them? What is only wrong is when you over think them. We need to distract our selves in other things in order to avoid it.

When you start to fall on FOMO and experience losses after, that’s the time that you want to avoid falling on FOMO in the future and just be more patient so you can focus on your goal. However, it takes years to learn to adjust in the market and not easily fall on FUDs and FOMOs, and when you become certain with your trading goals and decisions, probably changing to be a good and reliable trader is more possible.

I usually jump in anytime I get any money at all, it is not really that much of a shocking thing about me. I do not FOMO additionally, I am naturally at FOMO state for bitcoin at all times anyway. This means that I get to end up investing into bitcoin whenever I have the money for it and do not make any FOMO about it.

This isn't really impulsive though, it is really just how I am and that is how I am going to stay for a long time as well. I get that it is not going to be something that would be different on the long run, but it is definitely something that will be possible to just enjoy. That doesn't mean that we are going to end up with anything that would be tough to sell, it is just what it is and I am fine with it.

I never ever consider FOMO to be a good thing on which you are buying the prices are mooning on which i do really suggest the other way around on which trying out to chase the bottom but of course it would really

be having its cons too on which we should really be that mindful or be careful on how to deal up with things because one mistake or decision then you might be ending up on negative on which not all people would really be having that kind of level of control when it comes into their emotions on which it might really be leading up into those impulsive decisions which might cause into more deeper problems on which this is something that should really be that avoided in the first place.Dont make yourself get dragged on the time that there's FOMO but if we do speak about Bitcoin then having the plans on accumulation then
it wont really be that an issue whether you are really that getting in late or on peak since you are really that holding for long term.

Sometimes, a person needs various experiences to be at the current stage. Whether it is the experience of other people or yourself, it will certainly have a greater impact. In this case, I personally have experienced it, trying to get in on the hype and even following the FOMO of the time, the FOMO of a particular coin launchpad. and always end up losing. From this experience, my confidence in investing in Bitcoin finally grew bigger. Because Bitcoin is indeed the most worth it investment so far, if we have the patience to do it. Because, patience is one of the keys in holding Bitcoin, especially during this bearish season.

This will happen if you don’t have the strategy toward the market.
Though I’ve also experienced this when I’m just starting in the market and I agree that FOMO will just lead you to another losses so in order for you to prevent this from happening, always make sure that you have your strategies, you know how to analyze the trend and know when to take profit at all.

When you realize that the cryptocurrency market will provide you with an unlimited number of opportunities to make a profit, you will stop regretting the lost profits. And if you did not have time to buy a coin at a low price, you do not need to buy it when its price has already increased significantly. Wait for the next opportunity.

Any individual that wants to invest into Bitcoin needs to have patience because it's very important to have it. Patience means you won't be worried about how the market is moving because you believe in the future the price of Bitcoin will be profitable for you to sell and when you have patience with your investment, you'll be among the investors that'll make profits when the bull market returns. If you have patience, you won't fomo like other investors.

Fomo is only for those that doesn't understand how the market works, whenever the market rises, it'll follow with a correction and if you are observant this always happens therefore there's no point in rushing to buy when the price of Bitcoin is rising because it'll fall again.

This is a process and like any skill it is learned over time, if you are jumping into the market out of FOMO this means that you are not really confident on your skills as a trader, as you are letting the market to influence you very easily, and the best way to counter this tendency is very simple, you need to improve your skills as a trader, as such you need to read as much as you can about trading, paper trade the markets and refine your strategy, and if you do this for long enough then you will eventually lose the desire to jump on the first coin pumping you see.

such attitude can be found mostly in newcomers in this market. as they have the notion that they can easily get profits from this market, being impatient is one of their mistakes here. but throughout the years, as you gain more experience, you will have more insights on what to do and not what to do in this market. reading, actual trading will help you gain more knowledge on what to do with your trading activities.
also, thru time, you will have better grasp about new projects and how they will possibly perform in the trading market.

Jumping into FOMO is normal especially for newbies in the market because of greed, so all they want is to make a step ahead as long as they see any opportunity in the market. Not realizing that jumping into FOMO is like riding a hype or fud, you will profit at first but turn into losses in the end. However, know that every trader in the market has decided to FOMO at first until they learn their first lesson and decide to avoid it for good.

Newcomers indeed into those people who had been first time on this market on which they arent aware on whats the default movements or behavior on which they would really be likely be that getting Fomo'ed.

This is why on the time that they would be experiencing those things then this is the moment that they would really be able to realize that it was never been that too easy on dealing up with this space.
Those early assumptions and expectations that they could be able to handle themselves easily within this market would vanished and would really be ending up to be totally changed and would
act accordingly on whats the reality. Even myself or most noobs do have this kind of early belief on which they do saw that it was really just that too easy on making money
within the market but on the time that they do set their foot into this space then it would really be a different story.

You are right but it is necessary newbies learn this lesson as soon as possible, and this is because the longer they take to learn it the greater the chances they will make a mistake during that period of time, also the mistakes that newbies make are way bigger than the ones they can make once they get more experience under their belt, however many newbies refuse to do so or they learn from dubious sources, so by the time they learn those lessons the losses they have accumulated over the years are almost impossible to overcome.

it will be done slowly. maybe after novice traders start to get trapped and experience losses because they follow their ambition to make a profit.
Maybe every novice trader also does something similar. Even every professional trader today may also make mistakes when they start trading.
I can call it the experience of a trader's journey to become greater. but it all depends on the trader's ability to make decisions after what they experience in trading.

Mistakes are inevitable no matter how pro or noob you are on trading on which it is something inevitable.The main difference here only is about on to those pros who do really able to know on what they should gonna do on

the time that they would be experience such situation and since they are experienced and knowledgeable then they do know on what they would gonna do unlike into those noobs who would really be just simply freaking out
because of the negative that they had able to get or experience. Although these results or outcomes would really be added up on overall experience which it would really be making you even more better as time passing by.
It is really just that a matter of time for you to be able to enhanced and will really become that professional as you do engage even more with the market.It all matters on how you do sustain this market.

If you do keep losing, then try to reassess on whats matter with your strategy or simply its just a trial and error thingy. It is really just that hard though and not something that could really be achieved
in short time.This is why it would really be that wise that you should really be that trying out to adapt on whatever situations that you do able to face so that next time you do already know
on what to do.

If you are a part of trading then you will take decision emotionally and on the other hand if you are a part of investment and have idea to deal according to the market conditions then you will have control on your feelings.

Trading put pressure on a person therefore he prefer to take fast outcomes but if you realize the market and properties of bitcoin then you will keep your bitcoin under harsh condition without thinking about loss.

at start thoughts will be based on emotions because a person is not experienced but as he learn so he will also minimize the interference of emotions in deciding something about successful coming days.

This is normal, what you can do is to set-up your target and commit on that because if you are too emotional then you might continue to experience this especially if there’s a lot of hype and fud in the market. Learn the process, understand the concept and be more confident with your strategy, this is the only way to battle the emotion to stay realistic and focus on what you have the control and that is to buy and sell at the right time.

It's true that everyone involved in crypto trading at first is often trapped in a FOMO state, that is, they follow the ongoing hype. And there is a feeling of fear of being left behind, the price will rise high if you don't rush in. Yes, this is clearly a behavior that we usually encounter among beginners. But even experienced traders sometimes follow the hype to make quick profits. It's just that they don't enter with a feeling of FOMO. But they entered with a mature strategy that they had prepared to face the hype market situation. They usually come in even before the news becomes loud. And they came out when the hype was at its peak.

Every beginner has faced a FOMO situation. And they have to learn from this experience so they don't fall into FOMO again.

There are some conditions to be met before I open a live trade (can't reveal them). But I go for limit trades to save myself from too much of depression, stress and anxiety that happens when you trade live. It is not a FOMO necessarily to get into a trade if we have taken a calculated risk with everything pre-planned about it. If you have issues getting in a trade due to FOMO, I can only suggest you to go somewhere and forget about the trade (I mean don't open a trade), try to divert your mind to something else.

even veteran traders also sometime can't avoid getting lured into FOMO, sometime its just too tempting like you see some people are making instant profit of thousand of dollars with mere investment of measly few bucks will you not tempted by that fact that the ones that make profit could very well be you?
thats the thing with FOMO, everyone could get lured by it, it just depends on how prospective the FOMO seemed to be.
so if someone fall into FOMO i don't really blame them, after all they might be looking for opportunity and they thing they have made best decision and logical decesion at that, yet turns out that was massive disappointment.

It's more about you not us. So what I do when I think that this is the time to buy, I do it as long as I've got money ready. And talking about patience, it's learned through the process. When you've been in this market for years, you get to understand what I am saying about being patient because you have gone through several bear markets and unexpected dumps. With those, your patience has been leveling up and no one can stop you from having that thought of yours that if the market is so bad then it will eventually get up and become better later. FOMO is underrated, sometimes we tend to think that people do that because they're new but even the experienced folks, we're also doing FOMO. Control yourself and have a set of plans that you're going to follow, really going to be followed by you. You may not permanently change at all or you're just going to do that temporarily but you'll notice those changes.

It happened to me almost at the beginning of my trading. I'm still a beginner trader and still adjusting to it. It is just like you know where the price is likely to go, you know when to make a move. You know what session to buy, but then... I entered an unnecessary trade. My wins are also being taken by my small losses considered as human error caused by my impatience, greed, or boredom.

What I would suggest is to have a constant review of your behavior and work towards your negative notes little by little. Don't overwhelm yourself. Another is to have a life outside trading. Don't rely too much on your profit for your living or else you will carry a lot of pressure on your back.

Mistakes or errors are really that the stepping stones to make yourself that better which it isnt something that would really be limited just with trading but also in other things as well on which you would really be that able to apply on whatever things that you are dealing specially if you are really that a complete newbie where mistakes is really that common and something that would really be that the main challenge that you would really be that needing to adjust accordingly basing up on the things that you do encounter. It would really be just that common sense that you would really be adjusting out basing on what you had faced on. You wont really be that
that so dumb not to make out some adjustments if ever you are already that aware on the condition or situation. Speaking about unpredictable markets then we know that this crypto space is really that totally having that volatility and unpredictability which is really that more than into those typical investments and markets that we do encounter.This is why having that emotion and mind control would really be that necessary for you to
be able to sustain yourself at least into this space. FOMO and FUD are the main things that you would really be able to meet up along the way.

Focus on your goal and never trade if you have unstable emotions. That way, you can prevent yourself from falling into FOMO or any fud that will definitely ruin your trades. Also, when trading always be open with initial losses because that’s that nature of trading, but when you gained years of experience, that’s the time that you can control your losses and start maximizing your gains.

You need to control and discipline yourself because if you can't, then you'll get used to it. Experiencing to lose your money due to wrong decision can also serve as an eye opener to you. It is also one of the reason to be careful not to repeat the same mistakes again. Therefore you'll avoid doing things that led to losing your money just like what happened before.

Anyway, it's normal to be influence of FOMO especially the newbies in trading. But if you have plan and don't want to lose your funds, this can't affect your decision since you're careful and aware of the risk.

This seems easy to say but difficult to do. Finding the root cause should be done like what triggers you to fall into FOMO is it social media? that you've read a post about it? then if it is, then stay away from social media for a couple of hours or a day until your emotions stabilize, don't trade on this time either. If it triggers you while you are planning an entry, then it is better to stop first, let yourself cool down and back again in trading and youll need to again plot your entries and explain why you are taking those entries.

Emotions are our greatest enemy in trading because, apart from strategy our emotions are one reason why we keep losing our trades because we can't control them.

I've also had trouble following FOMO in the past. I am very slow in understanding things, in fact, I have to lose quite a lot until I can finally overcome the problems within myself.
I don't know the reason why I tend to get caught in mistakes that I have actually experienced. I have tried to be careful and tried to be consistent with planning, but to be honest, it all requires a process that is not instant.
it all depends on how they can control themselves.

You’re right indeed. Trading requires consistent focus and deep determination to be successful and reach your goal. So if you suddenly change your direction and decide to ride in FOMO instead, it will only ruin your attention and eventually mess up with your trades. At the end of the day, you will realize that your trades are no longer working according to your plan. FUDs and FOMO are among the factors that we should learn to avoid. Otherwise, success will only remain as a dream.

We've all been through it, and there is no exception for anyone in this. Anyone who gets into something as a newbie will have to face difficulties initially and then they start learning everything with time and then they start realizing what mistakes they've been making throughout this time. I once lost about $2,000 just because of FOMO, I bought when everyone started selling and the token was dumped very badly and I was left with nothing but dust.

However, the problems and mistakes make us stronger as a person and as a trader as well. The money that we lose will teach us a listen that we will remember for the rest of our lives and that is more valuable than the money itself. We should strive to learn and grow and never give up.

Everyone has certainly experienced this. We all became a victim of FOMO especially in our newbies days and it think it’s somewhat hard to avoid especially if we want to grab every opportunity around just to be profitable. And it all turns out that FOMO will only lead us into unexpected losses and missing opportunities that we’re supposed to have. And once we learned our lesson, at least we know already not to fall from FOMO again.

Frankly speaking, often, if you are the first to jump on the FOMO train and get off it in time, you can make good money. The main thing is not to get carried away and keep, as they say, your nose in the wind. Yes, there is always a risk of losses, but luck loves those who do not sit still.

that is a valuable lesson. because everyone learns in different ways to ultimately become better. like what you and I experienced, and maybe more traders also experience something similar. and this valuable experience makes us better at making choices.
Maybe there are people who are successful in very simple ways without even experiencing losses. it may be because they learn from other people's experiences and become more careful. while some other people choose to learn from their own experiences.
all of which make us wiser in the future. making the choice to trade or exit may sound easy but for those who are beginners, it will only be influenced by ambition and greed.

Every Trading strategy requires patience for one to be profitable, You cant jump into any trade if it does not meet your criteria sometimes you will miss the moves but it is better to wait cause it is not all  the time that it will plays out .Trading is hard it requires lots of knowledge,a good strategy and patience for one to be successful in the field.

In addition, it is very valuable on the other hand, I think that is the only important point that we can make a reference for a better future, you are right and of course everyone, especially those novice traders, comes with different traits and also with different knowledge and understanding. They always have the best ways and assumptions according to themselves to make progress, everyone as a trader will definitely experience such phases and conditions as their starting point to success. As we know that trading not only requires deep knowledge and understanding but we also really need a good personality, especially in terms of responsibility, they must also have a strong mentality like a warrior and psychology that is always good. Because obviously those three things will always launch and help their trading plan will run as expected.

I think experience in trading is the main thing, which means learning from a bad experience that we have experienced and also maybe we can see how other people's experiences, there we can do self research, take the positive side and discard the negative, obviously it will make someone more advanced and developed. As we know learning from experience will always be the best way for a better future. So the point is that we have a lot to prepare as traders, mental, psychological is very necessary because only that can be used as a balance to minimize losses and achieve the expected profit.

FOMO is basically a pointer that your emotions are in control of your actions. As a trader you need to have a strategy which must play out for you to take a trade and if it dosent as planned then your Stop loss will be hit and you wait for next signal. when FOMO drives your action you wont have a reason for placing a trade which is not supposed to be. just ensure you have a working strategy, have a trading book, manage your risk and be able to defend your trades in relation to your strategy.

Just dont really make yourself that impulsive or do lack some patience because this is usually the issue for those people who do tend to start up with trading venture but since they do lack knowledge and experience then those emotions would really be the main culprits on why they would really be that subject into lots of errors and mistakes which causes up for losing money and this is something that  you should really be that
trying out to adjust if you do want to sustain into this market. Feeling of FOMO is really that common among newbies or even to those old timers because we dont really know on how the market would really be behaving and if positive sentiments had been spammed out on the market then even to those old or veterans are still that prone or really that subjected on getting that FOMO feeling on which it is really just that normal on having that kind of emotion since we are just humans. Actions would be made would really be entirely depending on how experienced you are on different market conditions or situations on which
you are really that making yourself that wary on what are the things that must done.

If you are referring to this how we trade it all depends, if you make a FOMO before the price of the coin you want to trade goes skyrocketing its not a bad choice but seeing already the price of the coin already possible in its peak I guess seems like you are just wasting your time and money with that trade, or last sort of it is you have a good plan to make another exit and entry points sometimes it's just a first wave of the pump reason why ideal if you have a good technical analysis for another opportunity.

I would say that's at least towards the good level, doesn't mean that it will go up, but if you are having FOMO then that means you are expecting it go up and that's a good thing. FUD is even worse than this, you end up losing money and that should be something that that hurts you the most.

I personally believe that FOMO could end up with a better result even though that is still emotions that you are dealing with, and we should not be expecting it to change all that easily. I get that some people think that it is going to be fine, but that doesn't mean that we are going to end up with something that should be hopefully all that return. I get that we are going to end up with not going up at times, and that's why FOMO may feel like it is not a smart move when it is not going up, but that doesn't mean that you are going to end up with a bad result at all times, sometimes if you have FOMO and buy which also needs a bit more holding, then you could make a profit without a doubt.

I think FOMOs are quite common on people who are new to trading, and I think it's because of lack of experiences and knowledge. Sometimes, FOMOs can result to wins but oftentimes, decisions and actions that are driven by FOMOs usually led to a major loss. So basically, if you are a trader, your emotions should not affect your trade because that is one of the rules of being a trader.
All I can say about this is you have to stick to your strategies and plan, because this will help you to avoid making impulsive decisions. Simply, you should not be carried away by your emotions when making trading decisions and be logical and objective at all times because this would help you in the long run.

Yes trading is more than all those. Trading is more than seeing an opening and jumping in for a quick bite because you might end up being beaten seriously. When the rush is on, a good trader is suppose to ask why, how and when that will end and so the why and when it will end are important. They can indicate the entry if the why favours you and when indicates the exit. If a trader follows the rush, it is dangerous quite some time. It is also risky to rely on overbought or oversold because the price might remain in such position longer than you have expected and you lose your money. It is better waiting for your position in trading and not to speculate on it. It still depends though because you can still scalp a fast one.