Resist all temptation to fomo

[hirngespenst]

Lots of dead altcoins suddenly grown up by 500-1000% like Salpay, BTK and so on coins! This is happening in every Bitcoin pumps, so, it's better to avoid all the low volume altcoins. Don't gamble your luck all the time, if you buy those dead coins, you will end up by losing huge money. It's better to stick on top 200 coins for the investment, check the liquidity not the volume, research the community and recent updates then go for buying altcoins in this pumping time!

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[isaac_clarke22]

Consider also the panics happening. There were quite a lot of those back in January 2018, after people felt like price went downhill from 20k. If there would be a certain people asking for advice, if you don't want to be driven by emotions especially the FOMO or getting affected by FUDs, just leave a certain amount in a coin like Bitcoin then just let it sit like that for months, just don't forget the passphrase of course. People would surely forget about it in the meantime then they'll manage to be surprised after just few months.

[Sri rahayu]

Anyone will experience a sense of fomo if they see that prices continue to rise, for me personally only pay attention to market movements, if I see a lot of sell orders compared to buying orders, there I will try to get rid of Fomo's feelings, because panic sell will usually occur.

[Wysi]

Exactly, I have recently made a post in regards to the same as people might be tempted to invest blindly due to recent developments but we should do a proper research instead of being carried away with the ongoing fluctuations as most of us have already lost a good amount due to FOMO.

[Baoo]

Well, you should always invest in Bitcoin and even Ethereum more than the other altcoins. I don't really think the third best cryptocurrency in the market will have a brilland future, I mean Ripple (XRP) despite it has a huge value of circulating supply and market cap . So in my opinion, it is not a good choice when you invest in this  Banks coin. To be honest, sometimes we need to take the risk but without madness,  traders especially the beginners want to earn a lot of profit in a short period, but that does not going to happen even when you take the risk in a good way.

[abeecrypto]

I used to have this fair of missing out. I see some altcoins and I start murmuring ‘what if it pumps? Why not just buy it?’. It never worked because I never did any research on those altcoins. It was just mere bad speculation. Now, I don’t even fear to miss out on any run. I simply invest in the major coins and the alternative ones I have reserved and observed to have huge potentials. Nothing is assured but it’s best we make informed decisions before taking actions.

[samcrypto]

Anyone will experience a sense of fomo if they see that prices continue to rise, for me personally only pay attention to market movements, if I see a lot of sell orders compared to buying orders, there I will try to get rid of Fomo's feelings, because panic sell will usually occur.

Panic selling will begin if they saw a drop on the price and also those who buy on Fomo will be trap if they don’t act early. Buying during the hype is not good, that means you didn’t prepare for that and you don’t have a target price on that. I do buy only when its time to buy and only hold until it reach my selling price. The market is volatile, emotions can trigger you to act badly.

[gundala]

This fomo is quite worrying, especially for newbies who are not familiar with the cryptocurrency ecosystem.  Less experience makes mentally and psychologically disturbed so that it affects decision making.  Some things that can be done to prevent FOMO, whether in trading or investing are 1. improving technical and fundamental analysis technique skills, 2. emotional control and don't be greedy 3. accept all failures or risks and respect your decision.
If we have done the analysis, it will avoid panic buying and selling because we have determined the path according to the analysis.  don't forget to discuss with friends to strengthen the analysis.

[inanilujimi]

sometimes those who dare to take big risks will get fantastic results at the end.
it doesn't matter if we follow fomo if we know the risk we take will be the same as the outcome, the crypto market is completely unpredictable so do what you believe in.

[maxreish]

We can't blame investors or traders who still fall for fomo. When sudden dumped happens, fomo is entering and so the traders try to sell or buy in panic. The problem is that, it may be a trap that leads to the wrong decisions. Anyhow, even if we know that fomo will not give any good results at the end and give us impulse moves.
 
 Stick to your own technical analysis amd never listen to any fuds  to prevent fomo. Never doubt in your own TA.

[xvids]

Resist it all not just FOMO but also FUD specially when the price is dropping down.
It is the main reason why traders lose their investment because of joining the FOMO or FUD.

[adzino]

Lots of dead altcoins suddenly grown up by 500-1000% like Salpay, BTK and so on coins! This is happening in every Bitcoin pumps, so, it's better to avoid all the low volume altcoins. Don't gamble your luck all the time, if you buy those dead coins, you will end up by losing huge money. It's better to stick on top 200 coins for the investment, check the liquidity not the volume, research the community and recent updates then go for buying altcoins in this pumping time!

You are really suggesting top 200 coins? That is a lot! Also, based on what the ranking are made? Even a shit coin can end up being on the 200th position after getting pumped. Its not just the volume you should be looking. The volumes can also be easily faked. You should look at the coins before investing. Read about them on the forums and see what users (veteran and well known users. Not from shill accounts.) have to say about them. If you find the trading volume and the price pumping a bit abnormal, then just don't invest on the coin. There are few extremely promising and good altcoins on the market. Go for those.

[alani123]

People that do daily trading on a daily basis and are focused above a monitor could benefit by triangular trading between crypto/fiat pairs because for a while the crypto pairs appeared to have been sustaining smaller losses. But really, getting into altcoins is a much more dangerous trap long term. There are very few coins with a proven work in development and infrastructure and aside of bitcoin very few things can be for sure with crypto.

[pikkie]

People that do daily trading on a daily basis and are focused above a monitor could benefit by triangular trading between crypto/fiat pairs because for a while the crypto pairs appeared to have been sustaining smaller losses. But really, getting into altcoins is a much more dangerous trap long term. There are very few coins with a proven work in development and infrastructure and aside of bitcoin very few things can be for sure with crypto.

in that way I think it will only be a waste of time just to look at monitors and charts at the exchange place, it will harm the time available, but when market conditions are crowded it will be useful because the price movement will be fast and can provide a lot of profit to do daily trading.

[doctor877]

its only discipline that can make a trader not to fomo, for me i always do my proper research during dip and i note some coins that do rise easily. its better to buy at dip that fomo because it will turn you to a long time holder if things go worse and it might take a long time before it returns to that position which you might be tempted to sell at loss. 

[cytpoway121]

People that do daily trading on a daily basis and are focused above a monitor could benefit by triangular trading between crypto/fiat pairs because for a while the crypto pairs appeared to have been sustaining smaller losses. But really, getting into altcoins is a much more dangerous trap long term. There are very few coins with a proven work in development and infrastructure and aside of bitcoin very few things can be for sure with crypto.

in that way I think it will only be a waste of time just to look at monitors and charts at the exchange place, it will harm the time available, but when market conditions are crowded it will be useful because the price movement will be fast and can provide a lot of profit to do daily trading.

I think when the price movement are fast and high, then is the time to be wary of getting into trades.

I believe a good trading pattern is to get in when there is a correction, but before joining, you need to dyor and be sure that there won't be further correction (dumps) as you trade.
I don't believe in trading when the prices are high, its risky.

Nonetheless, it is my mere thoughts.
always dyor.

[GreenStox]

when btc bulls all coins will follow even shitcoin will also go up, but the most important thing is how long it will last, if btc has increased for 1-4 weeks then the alt may only be half the time from it or only a few days.

[quarkfx]

Hard to resist fomo we all have that in mind we do have fear , but we must not do anything in hurry and  lose all fomo is good keep it limited and we are good if we just think and invest or trade because of fomo all time then its bad , fomo with proper analysis is good

[Vaculin]

ALL THE TIME, you are not matured and intelligent enough if you can't resit the FOMO, usually the newbies will get FOMOd but people who have learn from their experience, we should not do the same mistake again. The market is good when there is a FOMO, but let them suffer and we will make making profit by their ignorance.

[coin-investor]

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 can only be good if you have done a research and you are comfortable on the outcome of your investment, there are bad FOMO and good FOMO some FOMO can lead you to huge profit and there is FOMO that should be ignored, because it's only to deceive investors into investing into something that is fake.