What is FOMO why people interested in FOMO

[ololajulo]

IMO FOMO (fear of missing out) is psychology of human that respond to sustain price growth of coin in market for a longer time. Watching such price movement prompt traders or people to risk fund in investment or purchase over and over as long it continues probably increasing fund in the investment also but with the bitcoin I dont know if it is FOMO but I think new traders are joining

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[Yamifoud]

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.

Indeed, they got the right idea but wondering how to manage themselves if the market dumps? Are they blaming themselves?
Most people got into trouble when it regards investment is because they have no enough knowledge. They buy Bitcoin because someone did it but they don't know the risk that they face right after buying. 

FOMO is already a part of crypto life but I don't want to embrace that thing rather than to make a wise decision.

[Banulit]

FOMO is like when people heard that something is trending and they also wanted to make part of this trend and that is happening for mostly of the newbies im crypto world. Even they do not have any idea of what they are really dealing with they still tried to do it knowing that crypto industry is too risky and too unstable and because of these FOMOs the market tend to go in upward trend.

[irixo10]

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 👌👌

FOMO means, fear of missing out and as the name goes, when a coin is pumping hard or when there is a bull run, people always rush into their desired coins in order not to miss out while sometimes it can work in their favour but most times it also works against them. Also, I wouldn't say people are interested in FOMO, I however think it is something that sets in as soon as the market is in good condition; take the Bitcoin market as an example, those who saw it various prices fomo and were able to jump in while some couldn't do that. In addition, although Bitcoin is good to fomo into but it is also wise to know the type of investor you are, that is, long term holder or short term holder, at the same time, if you aren't able to get into Bitcoin, you can also make good gains from other altcoins but this time, not holding for long rather selling at the slightest bit of opportunity.

[adzino]

FOMO which stands for fear of missing out is more like a psychological thing. It is where when people feel like if they don't take an "action" they are about to miss an opportunity. This mainly happens when they start seeing the price skyrocketing and start taking abrupt decisions. Also happens when they see the price dipping. Usually FOMO leads them to a disaster. When they start investing because of FOMO, they end up losing everything. FUD and FOMO is one of the key factor that causes a "crazy" market!

[wajik-tempe]

it's a human being that people are following the hype so they will buy things when the things is hype and going up, but only few people who analyze when they buy coins. They rather choose to take a quick profits from buying hype coins than buying coins when the price is low.

[jamalaezaz]

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.

FOMO is so attractive. people mostly see a FOMO they think if they jump into that they'll get an opportunity like that Bitcoin Pizza guy who got 10k Bitcoins for 2 Pizza's. the hope of getting huge profit make people greedy and they fall in fomo of shit coins.
that is why it is always advised to properly study the project first and look the technology behind before diving into that. don't just go with the FOMO.
some time FOMO end up being good for some people. that is why it always happen again and people get into that again.

[Twinkledoe]

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.

FOMO is so attractive. people mostly see a FOMO they think if they jump into that they'll get an opportunity like that Bitcoin Pizza guy who got 10k Bitcoins for 2 Pizza's. the hope of getting huge profit make people greedy and they fall in fomo of shit coins.
that is why it is always advised to properly study the project first and look the technology behind before diving into that. don't just go with the FOMO.
some time FOMO end up being good for some people. that is why it always happen again and people get into that again.

It is easy to spot a project that is banking in FOMO only, if they have no active use case or if they have use case but no one is actually using it. What I've seen here is that a project can always create and introduce a particular use case for their project but there is no actual implementation of their use case. So what they will do is that they will strategize to hype up a FOMO so people will buy their coins. And most of the time, it is already too late before those buyers realized they bought crap coins.

[CryptopreneurBrainboss]

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 👌👌

So old aren't always gold, xrp is an old coins but from recent developments it's clear it's no gold and was never a project worthy of investment from the onset. That a project give you profits doesn't automatically means it's a genuine investment. We have thousands of scams making people thousands of dollars but that doesn't mean you should follow suit and fomo into investing in them.

Bitcoin is the only worthy project worth investing in that there is an assurance of its continue growth due to the decentralized of the project and finite supply. That can't be said about other old project like ethereum, litecoin etc. Why old project are preferable to be worthy of investment is due to the trust they have earned over the years form the community members.

Therefore any old coins that don't have trust from the community shouldn't be considered gold and be avoided by all cost. In general go for bitcoin while you can likely trade other coins.

[Coinsfera]

FOMO (Fear of Missing Out) is described in psychology as the fear of missing the opportunity. FOMO, which can be described as the fear of missing innovation, opportunity, or chance, is also on the agenda in the stock market and the crypto market. While the price of a cryptocurrency has already risen considerably, the investor may continue to buy at the top price due to FOMO impulses, or continue to keep their money in the same coin when the price is bottom. This may cause the investor to lose money.

[minersday]

What is FOMO why people interested in FOMO

If you really understand and know the principles of investing in the cryptocurrency market, you will never have the fear of missing out.  Every day is a good day to invest in the  cryptocurrency market only if you know where to invest within a particular time frame.  People shouldn't only focus on Bitcoin and Ethereum.  FOMO comes when people have their entire focus on one crypto coin rather than looking into other coins with good potential. There are good opportunities in the crypto market.