Resist all temptation to fomo

[Dart18]

Is it?
So why not FOMO now?
Buy while they are cheap, right? As you said they will moon with accordance to the bitcoin pump.

I don't think so.
Bitcoin went to 13k, then 14k and yet some altcoins are still dead.
There is still no assurance to it. What if we are investing even in one of the top 100 and yet there will be no movement that will occur?

[1715391427]

1715391427

[lienfaye]

Usually this is happening when market is turning up. Those who dont buy until they see that its safe to engage themselves to crypto again are the ones who cant resist fomo. On the other side for investors who already holding coins, fomo is a good thing because it has an impact to the price, it can increase the value further hence they will sell to take advantage the situation. The one who will suffer here is those who buy at the top then the price will slowly decline like what happened on bull run 2017 wherein some investors buy during ath not knowing the coming days the market will turn to bearish.

[Ridwan Fauzi]

We can differentiate with someone who sell their asset just because FOMO (fear of missing out) or because they know the asset (cryptocurrency) will be down soon.

I'm not actually blame for those who sell their asset because they have right to do that. And they will feel lose or profit when they make such decision.

Even, I just hope for those who lose. At least it will make them aware to find more before they spend money. I believe if they do that they will never leave cryptocurrency although they lost a lot of money.

[jnseo]

Im sure we are all aware what fomo means.

Bitcoin has indeed ran a good race to over 10 000$ and it has pushed up the prices of altcoins simultaneously

Do a proper root research before getting into altcoins, resist all temptation to fomo.

Because when btc moons, the dead alts can rise momentarily only

NB, FOMO is not a good feeling during the bulls

Include the Fudsters also, you know what I mean about that already..

[omone1]

You are right but most of us do FOMO on altcoins. Humans never learn from experience only the high emotional intelligent traders will not FOMO during bull run. A good trader once FOMO on ETH and all of a sudden ETH retracted back. However this requires discipline. 

[Thomas-s]

FOMO is a problem not only in the bull market but also in the bear market too. Fomo is the main reason for existing volatility and the volatility is now so high because so many people are exposed to this feeling. controlling this feeling we will learn how to make money in our pockets

[pixie85]

Fomo is good because it's just another explanation of greed and greed is good. You want to be greedy as an investor and you want to keep your money on the move. Those who don't never win. You can sit and wait until; you're old or chooose wisely and invest.

There's always something worth investing on the market you just have to find that hidden gem!

[el kaka22]

I would say do not resist FOMO, I would say resist FUD, right now that is exactly what we need. Fomo is helping market up, it is "fear of missing out" and as people here who like crypto, we should make everyone feel like they are missing out on something amazing, and not just make them feel like it but actually make them realize it because altcoin fever and bitcoin craze are not stuff that will soon end, for the next 5-10 even 20 years this will continue, I am not sure which coins will survive and which coins will be bad but I can tell you that we will definitely not going to get anything bad going on for those years so getting in right now would be amazing for all of us.

Fomo is not bad, fomo is reality, fomo is what we should all aim at for everyone else who are not involved.

[matchi2011]

FOMO is a problem not only in the bull market but also in the bear market too. Fomo is the main reason for existing volatility and the volatility is now so high because so many people are exposed to this feeling. controlling this feeling we will learn how to make money in our pockets

Correct. If you know the right timing you'll be able to catch up the right position. Fomos are those who keep losing money as they are not good in making correct decision making. Never to place your entry by following your emotions but instead make a good research and carefully analyze the situation.

[Bezobraznike]

I would say do not resist FOMO, I would say resist FUD, right now that is exactly what we need. Fomo is helping market up, it is "fear of missing out" and as people here who like crypto, we should make everyone feel like they are missing out on something amazing, and not just make them feel like it but actually make them realize it because altcoin fever and bitcoin craze are not stuff that will soon end, for the next 5-10 even 20 years this will continue, I am not sure which coins will survive and which coins will be bad but I can tell you that we will definitely not going to get anything bad going on for those years so getting in right now would be amazing for all of us.

Fomo is not bad, fomo is reality, fomo is what we should all aim at for everyone else who are not involved.

   I agree with you El Kaka22, people should resist FUD, but FOMO can be a good thing. When people understand all the benefits of
crypto-currencies they will have a feeling that they are missing something huge and they will join. FOMO can affect masses to join
crypto-currencies.
   But there is other side, with so many crypto-currencies it's hard to invest in all of them with limited bankroll. It's a negative side
of FOMO, we can't have them all! Some coins and tokens will be missed, we need to deal with that and to believe in choices we are
making when investing.

[nicecrypto]

Fomo is unfortunately inevitable in crypto, immediately we see price starting to rise, we feel tempted to get in and ride along, most times people panic buy or panic sell because of fear they don'twant to miss out and price may not come down again,
I myself almost fomo to buy btc at 10k plus but i later decided to hold on a bit maybe the price will correct at some point, even am still not sure if to wait some more or to get it.

[ven7net]

Im sure we are all aware what fomo means.

Bitcoin has indeed ran a good race to over 10 000$ and it has pushed up the prices of altcoins simultaneously

Do a proper root research before getting into altcoins, resist all temptation to fomo.

Because when btc moons, the dead alts can rise momentarily only

NB, FOMO is not a good feeling during the bulls

Of course you are right, FOMO often confuses players in the cryptocurrency market, but now a lot has changed and everything needs to be trusted carefully. Of course, the desire to make money quickly is difficult to overcome and the new achievements of many cryptocurrencies pull us to commit dangerous and risky transactions. Now it is very important to make informed decisions and develop a clear plan of action for yourself.

[Nadziratel]

Fomo is unfortunately inevitable in crypto, immediately we see price starting to rise, we feel tempted to get in and ride along, most times people panic buy or panic sell because of fear they don'twant to miss out and price may not come down again,
I myself almost fomo to buy btc at 10k plus but i later decided to hold on a bit maybe the price will correct at some point, even am still not sure if to wait some more or to get it.

FOMO is very effective not only in crypto but also in all areas related to money. FOMO is something that motivates people! For example, there are DeFi applications that are famous today. There was Dao Maker in the beginning and it created the perception that money could be earned from here, and other projects therefore started doing business development in this area. Indeed, there are more than ten DeFi platforms nowadays. FOMO has always been and will be very important in money related issues.

[Crypto5060]

At one everyone fomo and get burnt, it has happened to me a couple of times in the past. Crypto in its entirety involves risk taking, so it's inevitable but care must be shown.

[Winscosinally]

Im sure we are all aware what fomo means.

Bitcoin has indeed ran a good race to over 10 000$ and it has pushed up the prices of altcoins simultaneously

Do a proper root research before getting into altcoins, resist all temptation to fomo.

Because when btc moons, the dead alts can rise momentarily only

NB, FOMO is not a good feeling during the bulls

Fomo doesn't always work, sometimes if favours but most times it's so misleading, I don't get controlled by the present Bitcoin movement, jumping in and buying coins now is so risky, I think the buying days are over

[Kemarit]

Im sure we are all aware what fomo means.

Bitcoin has indeed ran a good race to over 10 000$ and it has pushed up the prices of altcoins simultaneously

Do a proper root research before getting into altcoins, resist all temptation to fomo.

Because when btc moons, the dead alts can rise momentarily only

NB, FOMO is not a good feeling during the bulls

Well FOMO is part of the trading journey I must say, but to totally resist it, one must to go the experience first and see it first hand and get a feel on how it is to be trapped inside because of your emotions and the only way to get out is to suffer a loss.

We all preach this in the community years ago, and yet people still fall for the trick, maybe they are greedy or haven't had the experience yet. But as sure as we become battle tested here and being mature enough to use our logical brains to make decisions, there could be people who are going to fall for it specially beginners.

[Tipstar]

The market is very sheepish. People don't believe the real potential of how much the price is going to rise. They wait in a bull market to see the price are really rising without a stop and jump in late. No prices are going to rise indefinitely and when the prices go a bit low, they are the first to complain.

[NavI_027]

Fomo doesn't always work, sometimes if favours but most times it's so misleading, I don't get controlled by the present Bitcoin movement, jumping in and buying coins now is so risky, I think the buying days are over

There is no time limit for buying btc if you believe that it will really skyrocket to the moon in the future. Yeah! The prices are now slowly going up bit it doesn't necessarily mean that "buying days" are all over. Of course you can still hoard as many as you can, today is a good day for doing such thing rather than doing it on its $20k mark, isn't it ?

[moonblocks]

This is good advice, but it really depends on how what Bitcoin can achieve price wise as it would likely require more than a moderate further appreciation for the entire market to turn more bullish so just buy the dips and pick up bargains whenever you can

[joshua123]

FOMO is something you must learn with great timing. Many projects have been down for weeks and some are also on the green light. If you buy btc now, I think its still worth to hold. During bull run last 2017 many have been rekt due to fomo and when the downfall happened fomo become a nightmare so everyone becoming fearful now to buy when the hype is on the run. Some still riding but of course risk is there associated with that decision so be always careful on what you do especially crypto is very volatile.