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Author Topic: Your experience with FOMO (fear of missing out)  (Read 135 times)
jnns
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April 22, 2018, 11:41:41 AM
 #1


Fear of missing out is familiar to many.
It is known from psychology that fear-based factors also affect people in the crypto market, emotions drive their choices more than intellect.

How have you dealt with FOMO?
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April 22, 2018, 12:01:16 PM
 #2

FOMO's impact on the world of trading and investment. Information about stocks, forex, bitcoin that keeps rising and being discussed in groups, forums, communities also affects many people. The fear of losing opportunities is getting stronger, especially if someone posts a profit, and with this information, they feel they must do something! That is, participate in the plunge do not want to lose the opportunity.
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April 22, 2018, 12:16:02 PM
 #3


Fear of missing out is familiar to many.
It is known from psychology that fear-based factors also affect people in the crypto market, emotions drive their choices more than intellect.

How have you dealt with FOMO?

Interesting thread.

It's very easy to get caught up in hype and FOMO.

In regards to dealing with it, I heard some good advice last year about altcoins which has saved me from alot of headache: If the coin has already done a huge exponential rise recently, you're already too late.
Summary: Never jump on after you see a big move. This would be based on emotion instead of strategy.  Train yourself to not follow these urges.
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April 22, 2018, 12:19:15 PM
 #4


Fear of missing out is familiar to many.
It is known from psychology that fear-based factors also affect people in the crypto market, emotions drive their choices more than intellect.

How have you dealt with FOMO?

By applying my personal strategy of risk management. That way I don't buy or sell the house on the back of anything. Cool
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April 22, 2018, 12:23:48 PM
 #5

First of all if there are too much news on a coin you need to verify if the news are not fake. Check the news from multiple sources. Do not trust social media, do not trust only one source 100%. Learn to read charts. Especially combining indicators. If multiple indicators show that the prices will come back, you will have a reason to stay away from the FOMO.

In Waves me trust Smiley
jnns
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April 22, 2018, 12:24:56 PM
 #6


Fear of missing out is familiar to many.
It is known from psychology that fear-based factors also affect people in the crypto market, emotions drive their choices more than intellect.

How have you dealt with FOMO?

Interesting thread.

It's very easy to get caught up in hype and FOMO.

In regards to dealing with it, I heard some good advice last year about altcoins which has saved me from alot of headache: If the coin has already done a huge exponential rise recently, you're already too late.
Summary: Never jump on after you see a big move. This would be based on emotion instead of strategy.  Train yourself to not follow these urges.

That's good to know in order to avoid losing money, thank you!
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April 22, 2018, 12:26:12 PM
 #7

everything is psychological when it comes to crypto space. FOMO is one of them and if you know how to mulipliate it then u will succeed even if ur not a whale yet
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April 22, 2018, 12:28:35 PM
 #8

I never have this? But then again I always do what I want.

The gospel according to Satoshi - https://bitcoin.org/bitcoin.pdf

Free bitcoin in AFRICA - https://bitcointalk.org/index.php?topic=2710325.msg27720734
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April 22, 2018, 12:37:27 PM
 #9


Fear of missing out is familiar to many.
It is known from psychology that fear-based factors also affect people in the crypto market, emotions drive their choices more than intellect.

How have you dealt with FOMO?


no need to be afraid of fomo, because the fomo is created to change our belief in something.

in the world of Fomo's crypto that often happens, and how to avoid it is to look at the Coin website, see the trouble or can be seen in other forums as well.

if the coin's website or its social media say nothing happens, then stay brave and convinced that the coin will not go down its price.

            https://www.anonfork.io/
              Anonymous Bitcoin
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April 22, 2018, 12:42:06 PM
 #10

I haven’t dealt with it because I was lucky enough to discover bitcoin early enough to buy a good enough number of coins that I’m happy to HODL for more years untio the price is huge.
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April 22, 2018, 12:42:16 PM
 #11

fear of missing out and fear to lost our investment value during involved in crypto indeed that's normal as human because we don't want losing our money especially if we have altcoins which have no value anymore but i think we should not be excessive and just behave rational

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April 22, 2018, 01:13:25 PM
 #12

Why the current crypto currency market is worse than the Rothschild owned central banking system!
Why the need for bitcoin black?
The founding members of bitcoin own 95%+ of the entire crypto sphere! Founding members are disguised as Satoshi.
The new money system is doomed! The main need in the crypto space is a fair distibution with education to truly empower users, not to continue on the old path of money centralisation painted in a different picture based on tech.

From the start they owned the majority of  bitcoins and manipulated the price to accumulate more of a share in each project.
From this point any other project accepted bitcoin in ICO's and as accumulation through manipulation accumulated their holdings they invested a stake in the other altcoins.
Founding members get involved in a large stage and over time through manipulation accumulate more and more of a market share of the major projects.
Still at a small total market cap 400 Billion the manipulation continues with one goal to own more of a share of each crypto.
December 2017 masses were lured into crypto for the first time strategist to make them lose faith in the space and lose money. Many other rounds of luring will take place and accumulation of a greater % stake will take place into new upcoming projects.

It is the transitioning of the old money to the new money, owning more of a share in the new money than before. Making it seem fair, accidental and a betterment to humanity. When in fact its more slavery and concentration of wealth to the elite.

https://bitcointalk.org/index.php?topic=3124440.0
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April 22, 2018, 01:47:13 PM
 #13


Fear of missing out is familiar to many.
It is known from psychology that fear-based factors also affect people in the crypto market, emotions drive their choices more than intellect.

How have you dealt with FOMO?

Lol i've lost quite a lot with that when i was just a newbie. Even now i still fall prey to it sometimes but there are also instances when fomo allowed me to earn quite a bit. I think it depends on the timing when you'll buy in. If you can buy in during the middle of the pump, then fomoing would still be profitable.

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April 22, 2018, 01:55:08 PM
 #14

I can't say it's FOMO that I experience lately because its my attitude that when things came up sudden I can focus and can't decide a right plan that's why most of the time that I wanted to invest on Bitcoin I usually make a research first so that I can make my calculations on what time I can make profit in investing Bitcoin. I think we all experience FOMO because it's part of our brain that we feel things like that so it's normal to be missing out.

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April 22, 2018, 01:58:58 PM
 #15


Fear of missing out is familiar to many.
It is known from psychology that fear-based factors also affect people in the crypto market, emotions drive their choices more than intellect.

How have you dealt with FOMO?

I have been also troubled by that thought before since I did not avail of bitcoins at a very low value. But I have overcome of those thoughts already and instead of thinking back I decided to think on how to earn more bitcoins at this point of time. There are no late comers in bitcoin as of today since bitcoin is just starting and there are many people who have not gone into bitcoin. If we dont join bitcoin today and join after 5 years then we will experience that so called FOMO and regrets.

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April 22, 2018, 02:01:38 PM
 #16


Fear of missing out is familiar to many.
It is known from psychology that fear-based factors also affect people in the crypto market, emotions drive their choices more than intellect.

How have you dealt with FOMO?

If you want to make money with financial investments, you have to keep emotions aside. It can come through practice only.
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April 22, 2018, 02:05:16 PM
 #17

i have experienced FOMO before and that was last december when everything was just sky rocketting,the fear was that by this time of the year most of the cryptos will be very expensive and so i had to join the train before missing out on it later.Thankfully,i didnt buy much at the peak else i would have run into massive losses.

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April 22, 2018, 02:22:24 PM
 #18

Oh I've had so much of it, I bought bitcoin on the way up to 20000, thank god I sold around 20,000 made a small profit and then left. I was pretty happy with whatever I made, but if I had gotten too greedy I would have lost a shit ton of money. I've thankfully recovered from all of the times I bought due to fomo. I know many though haven't recovered from this and are still waiting for bitcoin to go back to 20k -- that would hurt a TON.



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April 22, 2018, 02:22:28 PM
 #19

In my initial days of trading, I used to take trading decisions solely based on the green signals (which one should avoid) and free tips from exchange chatbox. In most of the cases, I lost my hundred percent of the capital just because I relied on the opinions of the people who were involved in pump and dump attempt. Every decision that I took during the pump and dump was completely against the demand of time but I was under the influence of fear of missing out. Fortunately, I never invested more than my lost bearing capacity and hence I was able to come up with a fresh capital every time.

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April 22, 2018, 02:23:43 PM
 #20

I also experience that when I am a newbie and I earn big but it resulted to lack of sleep and sickness. I promise to myself that my first priority is health. Health is more important than money so I balance my time and focus to the real world not much in computer and money.
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