FOMO is not good at all times!

[goolesby]

Following FOMO only will lead you for very risky trading or investment.
Fomo may be only good at that time, however, not ever good for your own trading. Be more careful and wiser when going to pick the right coins for trading. IT is important enough because trading is not only for popular coins moreover because of fomo only. It needs a deeper analysis on the daily chart of the market progress and the trading volume.

[nara1892]

Trading is a tiring emotional battle. there are many situations that will cause uncontrollable emotions, such as panic and Fomo.
the key remains focused and calm, don't let emotions influence your trading target.

[Reid]

What causes?
You are human. You will that envy to ride the rollercoaster going up.
But the problem is you have a bad sight and didn't see that it was already going down.
It is normal and it is a lesson that you should learn.
I did learn from experience too when I became an idiot just riding the FOMO.
You are right though, it is always not good.

[Baofeng]

If you FOMO then be ready for the consequences because we all know that you are trading or investing in a dangerous ground, so obviously there is a risk factor and not good unless you know what you are doing. But the thing with FOMO is that it could teach you a valuable lessons, I know it's expensive but I'm sure majority of traders or investors here have one time FOMO on their crypto journey.

[poodle63]

Im doing day trading in a big and very popular exchange. when im starting to trade in the particular token. the green candles is going crazy filling up and because i was not ready at that time i feel the FOMO thats why i buy too until my internet connection has a problem thats why its lagging. for a minute when i refresh it. the price was dump already and followed by red candlestick i was left a bag holder. since i have no choice i have to sell it at losing price. ive learned that FOMO was not good at all times. What are causes of this??

Fomo is actually bad. Good traders or investors don't do that because they know how to control their emotions. When I started out newly as a trader, I chased green candles in ripples, Xrp thinking it will head to 10usd but I ended up buying the top  at 3$

It's not so bad at all and OP has already explained the situation that he has faced it. It's not about how to control the emotion and OP has said that he was thinking that he can take the opportunity of the maximum price from the greencandle and that's why he was not expecting a big drop will have happened instantly. Buying when it gets a pump is the worst decision to be taken in any crypto trade.

[Shallow]

Fomo has been the doom of many users in this space, both traders and investors. It is not a good experience for anyone as the end result isn't always friendly. As regards to traders, they are always facing this, because they trade often and on. But I think once you misses a trade entry point and fomo starts coming up, that's the best time to quit for the day.

[ariyzt]

Just enter on the right times, buy at the right price , even FOMO is good when you can use it. But remember don't be greedy. small profit isn't bad at all. When you can handle that things surely you will win.

[reality18]

In crypto, to make big profits, one must have adequate knowledge thus perform series of researches in order to get adequate information to make proper and effective market analysis. Following FOMO all the time ceases an investor's ability to make informed and effective choices and can lead to poor purchases.
Patience is very paramount when it comes to crypto investment.

[patz22]

Mostly FOMO is coming from pump and dump groups wherein they were able to buy at the bottom and sold at peak then they will announce so that they can sell more and people will get rekt. Been there done that and it was really bad. So what I am doing now is to be a keen observer of market so I would know which is which

[fortunecrypto]

Im doing day trading in a big and very popular exchange. when im starting to trade in the particular token. the green candles is going crazy filling up and because i was not ready at that time i feel the FOMO thats why i buy too until my internet connection has a problem thats why its lagging. for a minute when i refresh it. the price was dump already and followed by red candlestick i was left a bag holder. since i have no choice i have to sell it at losing price. ive learned that FOMO was not good at all times. What are causes of this??

They are connivance on this maybe you are not part of a group where they are going to pump certain coins to make their group profitable when they hit a dump on that coin, short term trading has a lot of risks attached to it, and you should not rely on FOMO to buy coins.

[LogitechMouse]

What are causes of this??

News are the main reason why a certain coin is increasing its price. There is a famous quote "Buy the Rumors, Sell the News". When investors heard a rumor on a famous coin, they will immediately buy it and days or hours before or after after the news will happen they will immediately sell it. Your title is wrong. It should be "FOMO is not good always".

[romecheo]

If you were too excited, because, when you watched a forecast and your eyes caught a potential big buck of certain cryptos, and it was continued up trending on the chart, that was the time you just buy without thinking properly.

Yap, FOMO is not good, when you do trading, that was the initial knowledge you have to learn, controlling emotion are required and no excuses.

[NathanJB]

There are no causes that need to be mentioned here. FOMO is always bad, no other reasons at all except that it is bad. FOMO is not something that is born out of reason or analysis. FOMO is simply done out of mere Fear Of Missing Out, from the name itself. FOMO is done just when the pump is already happening. It could possibly happen that it is done just when the tip has already reached. It is very risky.

[ginobitcoiner]

I think this is a problem that anyone will face when engaging in a transaction, and it's hard to overcome it. Its cause is probably in our greed and impatience

If we already know the altcoin character you are trading, based on good news or FUD that occurs on the altcoin that you are trading then I believe you will avoid FOMO

[Ibizugbe1]

FOMO is not limited to newbies alone, it does happen to all while few persons have only learn to tame their emotion. For example, if bitcoin moons to $17k at the wake of tomorrow, most traders will quickly buy thinking we are headed $25k, most times, FOMO is motivated by greed.

[@prashant]

That's why it is safer not to become trader during fomo , when you see market is heavily manipulated it better to stay away from it or invest in btc and after profit hit , cash out. Its is obvious that you can't win against whale.

[BeginToMine]

You got it wrong, I think the topic should be "FOMO is bad at all times because to be honest, I have never seen a situation where FOMO is good, FOMO is all about greed and this does not give you the time to do a thorough research about a project before you purchase and most times, you end up purchasing when it is very expensive.

[old fart]

There is an exception, one can still decide to jump in to a moving train if technical and fundamental analysis points towards that. FOMO isn't really bad at all times, rather buying at the top is.

[Flezy]

Fomo has never been good for once because it has cost many traders etc their funds, thereby either turning them to bad holders or making them sell at loss. It's better to exit with a little profit than seeing a moving coin and decide to risk it. Another thing is, let's learn to keep our emotion in check, as it is one of the factors which leads to fomo.

[^BuTcH^]

Well, FOMO is your greed. Don't be greedy, because crypto will suggest you a lot of opportunities and once you will achieve it.
Don't be FOMO guy, better find new opportunities and finally you will suceed. You have to develop your own vision and that's the case.