What is FOMO why people interested in FOMO

[Mrsonutiten]

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 👌👌

[bassbity]

because everyone generally doesn't want to miss the latest information, especially when it comes to cryptocurrency. when someone continues to follow the information, of course based on Fomo or Hype, he will know where their money is invested. On the other hand, the impact is that the information obtained is not necessarily accurate, because we are in a hurry to decide on a belief without further investigation.

[Coinsfera]

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 👌👌

It is hard to get used to new things- coins. People understand the value of coins unless it increases in price. And people want to sell after a few days and it causes a huge price drop after the price rise. Sticking to old coins is also safe, there is a low possibility of scams.

[qwertyup23]

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 👌👌

There's a huge problem with people who has FOMO especially when they enter something they do not know about.

Let us take an actual example. Back in December 2017 when the price of bitcoin reached an all-time high of $18,500/btc, people lost their minds. Many entered and invested into bitcoin without even knowing what it was and the technology behind. As a result, a month after December or around first quarter of 2018, the price of bitcoin plummeted and crashed. Unfortunately, those people who invested during this bullish run claimed that bitcoin was a 'bubble' and a 'scam'.

FOMO can be advantageous but you must know what you are getting in to. If you blindly invest into something without even knowing what you are actually purchasing, you will just add to the stigma which contributes to the negative image of cryptocurrency.

[Review Master]

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 👌👌

It's not like old coin will be remained into this crypto market. Moreover, we must read those old coin/tokens tokenomics whether team/foundation tokens are unlocked or not because most of the team tokens from different project which was started in the previous bull run, are already unlocked or going to be done asap. And if anyone from that team start to take advantage of the alt season, that coin might be dumped and supporters get themselves as rekt one. So we need to be more aware about this.

[Broly46]

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 👌👌

There's a huge problem with people who has FOMO especially when they enter something they do not know about.

Let us take an actual example. Back in December 2017 when the price of bitcoin reached an all-time high of $18,500/btc, people lost their minds. Many entered and invested into bitcoin without even knowing what it was and the technology behind. As a result, a month after December or around first quarter of 2018, the price of bitcoin plummeted and crashed. Unfortunately, those people who invested during this bullish run claimed that bitcoin was a 'bubble' and a 'scam'.

FOMO can be advantageous but you must know what you are getting in to. If you blindly invest into something without even knowing what you are actually purchasing, you will just add to the stigma which contributes to the negative image of cryptocurrency.

Yeah, I remember some old retirees bet their pension on bitcoin at the peak, that’s crazy they’re going FOMO on bitcoin, ETH soar to a point nobody can even believe that many wonder it’s spell the demise of bitcoin dominance! But the market collapse quickly, and the domino effect is so horrible I’m watching many small exchanges go completely offline, anyone remember defunct liquid exchange? Many of them go to every random forum and writing their horror stories. I believe many OG get screwed on the FOMO very badly.

[Wysi]

Most of th tenured user will not blindly go for the new coins just because there is a possibility of more returns than traditional crypto coins like Bitcoin, Ethereum and other top coins. But new users get trapped into investing into new coins as they lack knowledge about crypto domain and wants to get rich quick but ends up with disappointment. FOMO is a natural phenomenon which gains more weight when people start posting about how a user can miss out of potential profit and moreover it was the FOMO which made many users to invest into bitcoin in 2018 at its peak.

[nelson4lov]

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 👌👌

It's so easy how easy it is for folks in the crypto space to get carried away and invest in those experimental, high-risk tokens just so they can take part in the "moon ride". Whenever I see this people make this kinda moves, I don't know whether I should feel sorry for them. If the ICO days didn't teach us anything, the days of self drops should have. I'm also not forgetting the fact that DeFi - the current altcoins trend, was a solid decline after the fomo season between june - September 2020.

[Quidat]

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 👌👌

For those who do like to gamble into those coins on where they do believe that it can shoot up 50-100x in a short span of time then they do really jumped in and they do cry
later on when theyre ass get whopped and when the price goes to the floor. FOMO is indeed common and when people do see it on spot and emotion and beliefs or thins
in mind do collaborates then these kind of decisions do really come out.
Lots of people doesnt really like to miss out profit making opportunity thats why even if its too risky they do still make a dive.

[blockman]

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 👌👌

And bitcoin is the oldest coin in the crypto market that everyone can assure, newbies or not. But you can't stop those people looking for those newest coins which they think will give them a big profit in the short term. Bitcoin's the best for long-term investments and this is all for the patient investors that can deal with risks and bears. It's tested crypto that no coin can be par and that's why the market cap of it is just increasing and institutions are buying it.

[Twinkledoe]

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 👌👌

And bitcoin is the oldest coin in the crypto market that everyone can assure, newbies or not. But you can't stop those people looking for those newest coins which they think will give them a big profit in the short term. Bitcoin's the best for long-term investments and this is all for the patient investors that can deal with risks and bears. It's tested crypto that no coin can be par and that's why the market cap of it is just increasing and institutions are buying it.

There are people who are into these new alts, because they can gain profit in a very short period of time particularly those pump and dump coins. However, not many people are lucky to spot those kind of coins and normally, you are already too late to see that opportunity. But if you want an assurance that your portfolio will not go down the drain, better stick to bitcoin or eth.

[Gotumoot]

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 project that gets FOMO could really get rekt in a short time but as an investor or trader would you let the opportunity to gain profit gets out of your hand?
Even if the risk is there people would ignore it to gain a huge profit as you said those could smash up 50-100x in Dex all they have to do is get out before they lose money.

[TravelMug]

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 👌👌

There's a huge problem with people who has FOMO especially when they enter something they do not know about.

Let us take an actual example. Back in December 2017 when the price of bitcoin reached an all-time high of $18,500/btc, people lost their minds. Many entered and invested into bitcoin without even knowing what it was and the technology behind. As a result, a month after December or around first quarter of 2018, the price of bitcoin plummeted and crashed. Unfortunately, those people who invested during this bullish run claimed that bitcoin was a 'bubble' and a 'scam'.

FOMO can be advantageous but you must know what you are getting in to. If you blindly invest into something without even knowing what you are actually purchasing, you will just add to the stigma which contributes to the negative image of cryptocurrency.

Yeah, I remember some old retirees bet their pension on bitcoin at the peak, that’s crazy they’re going FOMO on bitcoin, ETH soar to a point nobody can even believe that many wonder it’s spell the demise of bitcoin dominance! But the market collapse quickly, and the domino effect is so horrible I’m watching many small exchanges go completely offline, anyone remember defunct liquid exchange? Many of them go to every random forum and writing their horror stories. I believe many OG get screwed on the FOMO very badly.

It's mostly those irrational newbie buyers, who think that the price will go on parabolic rise back in December 2017 because there are a lot of news and speculations that the price will hit $50k.

And then boom, market manipulators played us, once the top price has been reached, they started selling. But we can't compare the FOMO that was 2017 with today's massive buying. It's more of institutions and companies fuelling this spike, not manipulators and whales and speculators who wanted to take advantage of newbies and the FOMO that they created.

[Wexnident]

Why would you even FOMO on new coins though? Their not really projects one should invest willy nilly, especially in big amounts, since they're called "new" for a reason. Heck, even if you gave me a list of coins to invest, I'd always go for BTC, and if asked to choose more, then the top altcoins out there like ETH. Not to mention that some projects may actually be taking advantage of the season right now to actually tempt newbies, a scam under a FOMO feeling.

[OcTradism]

The definition for panic buying or FOMO (Fear Of Missing Out). Read the definition: https://www.investopedia.com/terms/p/panicbuying.asp

The FOMO wave raises the price to the Moon in short period but it is unsustainable and it will peak at the maximum euphoria after which the market will be crashed. You can look at the psychological chart and understand its meaning.
Panic Mode? What a Wall Street Chart Tells Us About Bitcoin’s Price

[FinneysTrueVision]

It is natural to want to participate in something that is gaining a lot of popularity. You can't really stop people from feeling a certain way and wanting to participate especially if it means potentially making a lot of money. Many times you will end up getting rekt but sometimes it is worth getting in too late than not getting in at all.

[shaghayegh7496]

everyone scares to lost the opportunities to buy bitcoin in proper time 

[shoreno]

everyone scares to lost the opportunities to buy bitcoin in proper time 

not scare to buy but scare that they cant sell high anymore thats why they fomo and sell but theres nothing to fear of in btc and no need to fomo because price can rise can always extend if lucky  . they can reap more benefits if they wont fomo   .

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 👌👌

yes we are now in bull market so why bother investing on those risky coins when we can invest in safe coins and still gaining the same benefits ? infact we can even reap more benefits investing in safer coins alone  .

[blockman]

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 👌👌

And bitcoin is the oldest coin in the crypto market that everyone can assure, newbies or not. But you can't stop those people looking for those newest coins which they think will give them a big profit in the short term. Bitcoin's the best for long-term investments and this is all for the patient investors that can deal with risks and bears. It's tested crypto that no coin can be par and that's why the market cap of it is just increasing and institutions are buying it.

There are people who are into these new alts, because they can gain profit in a very short period of time particularly those pump and dump coins. However, not many people are lucky to spot those kind of coins and normally, you are already too late to see that opportunity. But if you want an assurance that your portfolio will not go down the drain, better stick to bitcoin or eth.

Yes, there are and they're more confident doing that than to stick to bitcoin. But the risk that they're taking is much higher than choosing bitcoin as their main option. The safest is to pick bitcoin first and then to diversify, Eth will come next, and so on. It's the best strategy to have a crypto portfolio especially for newbies that are starting out. They will get a better chance of survival in the market if they choose to have bitcoin first rather than hearing an altcoin investor that suggests unknown and uncommon alt.

[tsaroz]

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.