|
September 04, 2021, 09:47:43 AM |
|
What you are experiencing is called as FOMO (Fear of Missing Out). When you hear stories about people in the forum making wild returns due to spending time here, you can quickly feel like you have missed out. This is especially true in the kind of speculative bubble that we are in right now with all the NFTs and new launches. I understand that this is not a good feeling and it can make you take some very stupid decisions.
So just take a deep breath and realize that this is common in crypto. The time to make crazy returns is not through hast decisions but by becoming part of communities, being present and trying to find legitimate projects. Knowing what you can invest and becoming a stable decision-maker, rather than running after crazy returns due to stories you hear from other people. So just slow down. There are plenty of new chains like FTM, SOLANA, DOT that will continue to have new projects. It needs you to spend a lot of time researching and asking questions. Just make sure to gather all the information and invest only what you can afford.
Everyone rejoicing in this bullrun was once experiencing similar FOMO and lived through several years of crypto winter. Some are of course luckier but don't make up your mind based on those exceptions. Slow and steady is a good way to find a footing in this space. Later on, you can start taking more risks.
|