What is FOMO why people interested in FOMO

[Coin_trader]

FOMO itself is not a bad thing if you know when to stop a loss. I do admit that bitcoin is already twice the price what I expected it to be and when I sold most of my balance but it hasn't stopped me from buying some more bitcoin to make profit on the rising market. One good way to make profit in short time is to keep buying and selling on a rising market.

FOMO is an anxiety which is a bad habits of a trader. Scalping method is what you are describing since you are benefiting on the price change of BTC. FOMO is a bad practice that might give a serious loss if you apply it on wrong trading just like on leverage trading that has a liquidation threshold.

[davis196]

My thought we are in bull market just forget new experimental coin smashing up 50x -100x in dex and next week rekt , so old is gold avoid fomo buy old coin 👌👌

Do you think that FOMO is some sort of altcoin/token?What do you really mean by "avoid fomo,buy old coin"?
"Old coins" like Bitcoin and Ethereum are currently in a FOMO market.I don't see any new coins or defi projects getting even a fraction of all the FOMO Bitcoin gets.
FOMO means "fear of missing out" in case you don't know.The experimental shitcoins you are talking about aren't FOMO,they are "pump&dump" which is a market price manipulation.

[Mrsonutiten]

Thanks guys all of you for your kind words and information 🙂 salute

[AakZaki]

Yeah fomo can get one rekt easily and unfortunately many people always like to jump in to such project to quickly make some profit but sometimes they will end up getting rekt in the process, it is always better to stick to the old ones which already have good track record, this way it feels a bit safer not to get rekt in fomo.

The FOMO of DeFi coins at the end of 2020 is insane. Many became rich in just one night and many were bankrupt in just a few hours.
FOMO is not good to follow. FOMO is only good for people who bought coins at normal prices before FOMO.
New Fomo coins do have a high risk.

Those who continue to follow FOMO are those who have a greedy nature and always want to get fast money, without knowing what the risks will be.

[finaleshot2016]

A very dangerous thing for me especially on things like this which is an investment. It'll just ruin the lives of the people who feel FOMO during the increase of bitcoin. They should know that it is too late to invest in bitcoin as we know that correction might occur but look, some people are still risking for the current hype. It's not normal to invest right now, too late, and definitely have huge risks.

Those people who always getting FOMO are the ones who always does reckless things and joining the hype.

[Ridwan Fauzi]

My thought we are in bull market just forget new experimental coin smashing up 50x -100x in dex and next week rekt , so old is gold avoid fomo buy old coin 👌👌

The human characteristic never be changed easily, although they have felt how the FOMO can make they lose a lot of money they will always do it. Because they have a hope that bull market now is reallt different with the previois bull market. There will always be a defense from them to do everything they have done. You don't have the right to forbid them, I think there's been a lot of education about how FOMO effects however they can interpret for themselves what FOMO means.

[MCobian]

I believe most of the people who are attracted to FOMO are greedy people, although I know that not everyone who is FOMO is greedy. Sometimes
there are people who FOMO because they follow the suggestions of others, because they really don't understand how to analyze the market.
Actually, people who are interested in FOMO are people who don't want to miss the hype that occurs on a project, for the purpose of getting a large
profit. So most people who are FOMO are actually successfully manipulated by whales or big investors. So be careful not to become FOMO people
when investing.

[Twentyonepaylots]

FOMO meant Fear of Missing Out and essentially talks about the feeling when everything and everyone is on the trend and you aren't in it yet. This happens to numerous things but in crypto terms, it basically means the fear of not gaining profits after ignoring a coin you thought wouldn't be profitable turns profitable anyway after a few months.

[Yamifoud]

FOMO? This is not really interesting...Well, people had to know how they put their life to a sad end.
People who come into the market when the market is high has corresponded to high-risk as well but they are positive, they are not thinking about the dumps as they are always thinking the rising trend to sustain. Are they wrong? It could be, maybe. Because if the price continues to move high, they'll be fine. They'll not be getting rekt unless is the dumps have to follow.

Investing is somewhat like you are gambling, it is to have like on the other hand.

[Japinat]

What we are witnessing now is already a FOMO, it happened many times in crypto and still people won't learn.

The fact that the marketcap now have already reach to a trillion dollar, that means it has significantly grew over a short period of time and for me it's not normal, haven't seen in the history of bitcoin that pump so high and it did not make some correction, we might see it soon, just be ready.

[Ryker1]

Well, for those people who did not understand investing in cryptocurrencies and convinced only by FOMO, perhaps there is a possible risk ahead of them.
This is normal for those people when they saw the market was in a bull run, they just dive in without any proper research. Where they are when the market experienced crashes. We can consider it pure greed here hoping to gain in a short period of time not considering bitcoin will be gained even doubled your capital as long as you can wait until the right time of selling to see your profit. People who don't understand FOMO are prone to lose.

[Rengga Jati]

FOMO?
Simply, Fear Of Missing Out (FOMO), actually has occurred not only in this crypto world. Feeling fear is one of the conditions where we cannot control our emotions because of something. That is why, if we are the ones that cannot control our emotions with at least basic knowledge, wise mind, we will be trapped in this FOMO.
In this case, FOMO really gives a bad impact on some cases, such as only following the trends without analyzing which best we can d or get. This condition will lead somebody: Do first, think later.
Without any analysis, only following hype, without understanding the exact condition, we can be trapped in this situation. The worst is losing our funds and regretting the actions that were done.

However, in fact, many people are also following FOMO and this is really common to happen in the crypto world. Moreover, if the market is Bullrun and there are many new coins with high promotion and legit promises.

[agustina2]

Actually, it's not that people are interested in FOMO but they have no choice but to take the risks of buying at the current price.

Even experienced ones are getting struck in FOMO. It's normal so we just have to find ways how to work on our risks-management.

[DECABEATZ]

FOMO - FEAR OF MISSING OUT!!!    PPL PANIC THEY THINK THAT THEY HAVE TO BUY IN TO CATCH THE WAVE. IF THEY DONT GET IN NOW THEY WILL MISS THE BOAT. THE FOMO IS CRAZY RIGHT NOW WITH BITCOIN @40K RISING 20K IN A MONTH =)   

[jamesde]

The funny thing about the FOMO cryptocurrency is that it's got a lot of truth. There are some opportunities to profit you will miss out on. That's just the game's nature. No one managed to have pure profit, not even the Winklevoss twins, just from investing in every single opportunity out there.

Your best bet is to think of trading strategies for cryptocurrencies as a quest to see how you can win and make investments that improve your own lot in life. You should not have to freak out over not gaining everything as long as you're gaining something.

[JohnBitCo]

FOMO itself is not a bad thing if you know when to stop a loss. I do admit that bitcoin is already twice the price what I expected it to be and when I sold most of my balance but it hasn't stopped me from buying some more bitcoin to make profit on the rising market. One good way to make profit in short time is to keep buying and selling on a rising market.

FOMO is basically fear of missing out. Those who invest in bitcoin with FOMO, they do not have the holding power. So in case if bitcoin dump temporary they get panic and sell in loss. We should only buy bitcoin if we intend to hold it for long term. In that case, we will never have any loss.

[Debonaire217]

It is quite a feeling that is hard to control especially if we have spare funds to spend, reading a big news or seeing a good chart will induce a feeling of Fomo which often results to a bad outcome why? Since are just getting along with our emotions, we didn't examine a news very well so if we are entering the market, we might already be late. What I can advise to avoid getting fomoed is to still try our best to validate each information that we read, we should also learn to read charts and graph and understand the basics of trading.

[yohananaomi]

FOMO itself is not a bad thing if you know when to stop a loss. I do admit that bitcoin is already twice the price what I expected it to be and when I sold most of my balance but it hasn't stopped me from buying some more bitcoin to make profit on the rising market. One good way to make profit in short time is to keep buying and selling on a rising market.

FOMO is basically fear of missing out. Those who invest in bitcoin with FOMO, they do not have the holding power. So in case if bitcoin dump temporary they get panic and sell in loss. We should only buy bitcoin if we intend to hold it for long term. In that case, we will never have any loss.

FOMO is something that doesn't need to happen at a time like this, because we all know that bitcoin is at its peak. that the increase will continue to occur, why be afraid and doubtful, because it is true that it will hurt what we will do. I agree with the friend above to buy bitcoin if we believe that bitcoin will produce good things, and will not experience losses both in the long and short term that occur today.

[AicecreaME]

FOMO comes from a current Trend, for example is Bitcoin. Bitcoin was just $20,000 last December and now it's $41,000 already and going to $42,000. This kind of hype will make people interested in Bitcoin, making them think that they should start investing so that they could make profits like what others do, that's a FOMO.

The only disadvantage of this is that most of the people ignore to learn first what they are having because of profits they could earn, in short, they are already counting the chicks when all they have are just eggs. In simplest term, people could lose profits instead of making one when they are a FOMO.

[sayaya17]

Bitcoin is a currency in software whose identity is not widely known to the public. Only certain people know it. But as an investment instrument,
when the price soars as today, people decide to buy it immediately. Because they fear the price of Bitcoin  immediately soars.  If they don’t buy
it soon, they’ll miss out on profit. FOMO is  common in  those who are  less familiar  with bitcoin, even  in bitcoin traders,  because they involve
emotions more than statistical assessments.