Why FOMO when a coin is pumping

[ogundowotoby01]

The fear to greed index in the financial markets is a real thing and it also applies to the decentralized cryptocurrency market.  A lot of people panic when they see their wallet holdings turning RED and they panic sell only to FOMO and buy back when the prices are going up. Ideally, you should always look to buy bags of cryptos when the price has fallen compared to previous market highs. By doing this, you will be buying the coins or tokens for a cheaper price and can easily benefit when the price goes up

[labenea]

I see that some newcomers to the crypto market have had enough hype that they actually buy alt at current prices thinking that it will never go down or make rich overnight. but in fact it can happen the other way around because the price movement of a coin changes at any time. and people are losing money because they panic after the coin they bought goes down in price.

[sgenuine]

If you are a really experienced investor, it is difficult for you to understand newbies and “hamsters”. When you see that price is rising, it is too tempting to buy this coin as it seems that it will grow then as well.And when you see red prices you decide that it is better to sell until it is too late. It is a philosophy of newbies and it is terribly wrong. Everything must be vice versa if we are talking about mainstream coins.

[ardydyon]

I always wonder why a lot of people fomo to buy a coin or token after the price has pumped. In this present bull run I've seen a lot of people FOMO and buy cryptos at a really high price and they quickly dump when they witness drawdowns.
Isn't that just hustling backwards?? Its almost like they are trying to loose money on purpose.
So i wonder why they FOMO to buy in the first place

I think a lot of people fomo because they are afraid of being left behind the hype of a coin that rises very high.In addition, social media is also very influential FOMO, because seeing the price of coins are high and people discussing about coins that rise high increases buying interest that does not think the coins to be purchased are already too high and expensive.Finally these fomo only get losses from what they buy.Buying when the price of the coin is high then panicking when you see the price go down and then selling the asset is very sad should invest / trade in crypto we get a profit, buy when the price is cheap then sell when the price is expensive.You should not fomo when buying a coin.learn the graph and fundamentals of a coin you want to buy.

[nightxglow]

Maybe since they thought that the pump will continue for some more time, so even if they buy at that pump time, they can still gain profits for a bit, although not as much as when they buy it in the low price. However it's surely kinda risky though, since when the coin is pumping already, the chance that it'll go down will surely be high, when the coin is expensive, of course lots of people want to sell it and gain profits, thus the price will decline. but not many will understand it, or maybe they just like to take the risk. But I agree that FOMO is really scary sometimes. You can experience lots of loss because of that.

[sapnu]

I always wonder why a lot of people fomo to buy a coin or token after the price has pumped. In this present bull run I've seen a lot of people FOMO and buy cryptos at a really high price and they quickly dump when they witness drawdowns.
Isn't that just hustling backwards?? Its almost like they are trying to loose money on purpose.
So i wonder why they FOMO to buy in the first place

Those person who are FOMOs tend to let their emotions take over their decision making which leads them to regrets and mistakes. It is indeed exciting to watch and wait till another bull run arises but still you should take consideration of the factors that may affect or may stop the incoming bull run. As the become afraid that they are being left behind, they usually end up getting left behind for real as they lose lots of money as they buy at a very high price. Each bull run shows signs that it is getting near but those occurence can be deceiving and may guide you to failure instead of success.

[irsada]

Because I think there is an opportunity to make a profit in a short time even though you have to be prepared to accept a big risk. this has happened many times and they all knowingly do it.

[topbitcoin]

I always wonder why a lot of people fomo to buy a coin or token after the price has pumped. In this present bull run I've seen a lot of people FOMO and buy cryptos at a really high price and they quickly dump when they witness drawdowns.
Isn't that just hustling backwards?? Its almost like they are trying to loose money on purpose.
So i wonder why they FOMO to buy in the first place

I think mostly is to get profit and take chance in a pumping scheme. It is common thing because people want something good to their life like profit, although most of them is late to sell and then when pump ended, they stuck with the coin and don't have any other choice to hold. For any condition of market, do analysis first is good to do, because it can help us calculate and maybe when we late to sell we can do something to gain profit when price bounced down.

[Jackl87]

I always wonder why a lot of people fomo to buy a coin or token after the price has pumped. In this present bull run I've seen a lot of people FOMO and buy cryptos at a really high price and they quickly dump when they witness drawdowns.
Isn't that just hustling backwards?? Its almost like they are trying to loose money on purpose.
So i wonder why they FOMO to buy in the first place

Well i think the name FOMO speaks for itself. People that are buying projects after they have already pumped a lot just look at how many times early investors have already multiplied their investment and just want that the same thing happens to them. Of course the fact that the coin already pumped makes it actually more unlikely that it keeps increasin in a significant way but a lof of time people just act emotional and therefore make mistakes. It's the same when you have a coin that is suddenly dumping. There are also people that realize that one of their coins suddenly lost 50% of it's value and instead of waiting until the price recovers they also dump their coins, which generates a chain reaction of more and more dumping. This kind of behaviour is just in the human nature, but it should be avoided when you are trading and holding cryptos.

[kak uli]

I always wonder why a lot of people fomo to buy a coin or token after the price has pumped. In this present bull run I've seen a lot of people FOMO and buy cryptos at a really high price and they quickly dump when they witness drawdowns.
Isn't that just hustling backwards?? Its almost like they are trying to loose money on purpose.
So i wonder why they FOMO to buy in the first place

yes, I've also done things like, I started investing in altcoins that have been inflated in price, but I found normal prices, for example in BTt and aurora ! because I think that someday the coin will touch a higher price. therefore I ventured to invest.
I am optimistic by thinking that the crypto market never closes and the altcoins I invest in are not lost so that future opportunities should I take advantage of those profits.

[dhemasm]

I see that some newcomers to the crypto market have had enough hype that they actually buy alt at current prices thinking that it will never go down or make rich overnight. but in fact it can happen the other way around because the price movement of a coin changes at any time. and people are losing money because they panic after the coin they bought goes down in price.

It's normal since they are newcomers and still understand about Crypto was really fluctuate, It also happens to me when basically try real trading for the first time (With intention to get profit) By joining some telegram group and telegram bot and basically it's common mistake for everyone when the price was rise they basically will buy and get stucked with that coin when it dumped and the just doing cut loss which make you loss, Experienced trader was also sometimes nervous but they can handle it more calmly.

[Somail12]

It is very rare for traders to get rich overnight, because all things need to process through time even in a few days, because not all coins can be hype as we want, so stay away from the concept and desire to get rich overnight because it is a very difficult thing to happen even though it is not impossible to happen.

You are definitely correct, you will not get rich overnight unless you win in a lottery, kidding aside. Thats really part of the game actually. FOMO and hyping a coin really spice trading. We tend to believe we can be rich but in a long period of time i guess.

[bamb]

When people FOMO into a coin,  it is  purely emotional instinct and it could lead to emotional rollercoaster ride! Fear of missing out get holds of people when they see price going up and they thought to themselves how they don't want to be left out!  The best decision during price action is to watch or leave except you are familiar with such coin,  don't get suck in,  you are likely going to lose!

[letyouearn]

I always wonder why a lot of people fomo to buy a coin or token after the price has pumped. In this present bull run I've seen a lot of people FOMO and buy cryptos at a really high price and they quickly dump when they witness drawdowns.
Isn't that just hustling backwards?? Its almost like they are trying to loose money on purpose.
So i wonder why they FOMO to buy in the first place

Hello, my friend. Stay awhile and listen...

That's behaviour is caused by human psychology, and if you fully understand how this works and how the crowds are being easily manipulated by the guys on the hill, you will definitely wake up rich one day

[Botnake]

I always wonder why a lot of people fomo to buy a coin or token after the price has pumped. In this present bull run I've seen a lot of people FOMO and buy cryptos at a really high price and they quickly dump when they witness drawdowns.
Isn't that just hustling backwards?? Its almost like they are trying to loose money on purpose.
So i wonder why they FOMO to buy in the first place

Hello, my friend. Stay awhile and listen...

That's behaviour is caused by human psychology, and if you fully understand how this works and how the crowds are being easily manipulated by the guys on the hill, you will definitely wake up rich one day

That also makes the price of a certain coin have a significant pump in just a short period of time, FOMO is not good because buying and that would result in someone being able to buy a certain coin with an overvalued price. It's usually effective for the short-term traders as they can just dump it again with just a small percentage of income, but for holders, the best time to buy is during the bear market.

[LordMiguel]

i think it is a coincidence. some people are able to read and understand the market. knowing that there is an opportunity for the token to go higher in the market, hence the reason for investing. some whom do not follow the market trust their instinct. they believed that the token will do well. some times it works out and sometimes it failed. i don't think any one looses money in the crypto world. all you need to do is invest in a top tier token and wait. 

[SlimShadyMmp]

Well the Simple answer is basically it can continue to pump again especially when the fundamentals around that project is really hot Take for example crazy projects like Solana and then compare its growth to the growth of bsc chain when it first started and merge the idea I think is basically known that you will get quick into those projects because of the feeling you might get from them My advice is simple if bsc can make it look for other fundamental coins similar to it and that too might just make it

[Mr,flex]

To me what i see in most cases is that some people don't like investing while the price is very low i they don't believe on the project but after seeing the increase and pumping of the market they got triggered and wanting to invest quickly by then is already late and it may occur and lead to market dumping.

[iTradeChips]

If you are going to think about it, most of these FOMO people are really just reacting to a rising trend and don't want to be left behind. So I guess this is more of a psychological thing or social thing rather an investment strategy thing. Maybe there is a herd behavior happening in here when there is a coin that suddenly goes up. All we have to do in hype and trending situations is really to make careful calculations and see if you will be able to buy low and sell high. It works for me.

[Botnake]

i think it is a coincidence. some people are able to read and understand the market. knowing that there is an opportunity for the token to go higher in the market, hence the reason for investing. some whom do not follow the market trust their instinct. they believed that the token will do well. some times it works out and sometimes it failed. i don't think any one looses money in the crypto world. all you need to do is invest in a top tier token and wait. 

What happens is every time there's a FOMO, it means new investors are coming to play again, I'm saying they'll play because they just want to ride with the hype and most of them just hope they'll get a big return in just a short period of time, but in reality, they'll end up panicking because they are unfamiliar with the market movement.