I fell for FOMO

[hummer113]

This year there were good coins for mining, my rigs has long paid off, if you have inexpensive electricity, you can normally earn. Of the last interesting for example was Zilliqa.

[edmundo]

You are NOT alone in this. It happens even to the best of us in this industry. FOMO has to do with emotions and only a few are blessed with the ability of keeping their emotions in check and actually making rational and logical decisions when faced or challenged by their emotions. Watching a coin/token rapidly increasing in price could be massively tempting and that could be a pull too difficult to resist.

[Runbitup]

This year there were good coins for mining, my rigs has long paid off, if you have inexpensive electricity, you can normally earn. Of the last interesting for example was Zilliqa.

Currently mining coins requires large capital but with not so good results, it is only a little profitable if we are lucky to choose the right coins.
so I think it's better to invest because even though they have almost the same risk but more in my opinion it's easier.

we just need to wait for the good news and the coins we have are likely to rise.

[redsun114]

First, I think this should have been posted at the altcoins mining section. Now, back in 2017, I also got involved in mining and the bear market caught up as well, rendering my investments into losses. I do not lose hope. I believe mining will still be profitable again and its getting better as the bull run commences.

Mining is no doubt profitable. It had been something that require a once time cost and then some running cost but the amount of money you make in mining is more than what you spend in mining. During the bulls, miners have great market as their value rise up dramatically. In addition, you just need to be worried about the cost of electricity and a wise mind would now think about some sustainable mining as well.

[gasparik87]

2018 clearly showed that it is better to get rid of fomo forever.  You can not fall in love with the project, you must always follow your strategy otherwise you will get the money.

[gensol]

After the full year plus dump, one thing I've learnt is waiting the market out as the cycle repeats itself. I fell for FOMO too bought some Alts early April I'm 60% down from my entry.