Why FOMO when a coin is pumping

[Cappex]

usually beginners who often become victims of FOMO, buy when the price is high because they are deceived by the discussion of many people who predict the type of coin they will buy can increase sharply in the near future

I think it is still very natural to happen to every newbie because they are still very inexperienced and less thorough in checking the news on each token, so they can easily get trapped and become victims of FOMO.

education is fundamental and should start from the influencers but it is not so... with the $$$ they can promote all kinds of shitcoins and this will inevitably send many sheep to the slaughter.

[Entei]

This is because people do not always have the patience to buy at the moment they are in the accumulation period and when they suddenly start to appreciate, there is the feeling that they can go further. In some cases they end up making a profit, but in other cases it is a loss. With experience people tend to make fewer mistakes.

[Review Master]

So i wonder why they FOMO to buy in the first place

It's obviously because of the current bull run as those users can see that some shitcoins are pumping so huge within a day. That's why they want to grab huge profits within a short time and jump into those projects which are pumping without any kind of result. As a result, they get themselves as a rekt one. Eventually, those users will get lesson from this when bear market will occur and get their portfolios close to -100% or even more.

[Botnake]

FOMO,  I mean real FOMO usually happens during the bull run. Pump and dump are normal in the market as it's a volatile market, but during the bull run, the pump is more dominant so people got into FOMO. Actually, FOMO is not good as it makes a coin overvalued, it will only attract newbies who do not have experience and blinded by greed but eventually, they'll regret it as the bull run is over.

[aditasetia123]

usually beginners who often become victims of FOMO, buy when the price is high because they are deceived by the discussion of many people who predict the type of coin they will buy can increase sharply in the near future

I think it is still very natural to happen to every newbie because they are still very inexperienced and less thorough in checking the news on each token, so they can easily get trapped and become victims of FOMO.

What can you expect from a beginner? most of them want to quickly get high profits in a short time, but they are not aware that crypto fluctuations are very high and buy crypto at high prices because FOMO is a common mistake.

they fear to miss the bull rain train , and finally buying in any price.there are alot new traders be rekted in this condition untill finally blame cryptocurrency market or maybe shouting scam to projects. i have an idea, if there are alot people spread fud about a project, buy that token . this man want to get cheap coin from us.

[mexite]

It's called fear of missing out (FOMO). It happens anytime a coin is pumping. Sometimes it may pay those who hop in early if the coin is on an overdrive but late joiners usually get burned. In the case of projects that want to do airdrops, people still FOMO in irrespective of the very high price because of the extra/new coin reward. But it's not a good trading strategy.

[btcltcdigger]

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

IMHO mainly because they think that pump was because of something big that's gonna happen, and it's gonna increase more.
Usually it doesn't, or it has a nice dip before it goes back up again

[ogundowotoby01]

I strongly believe that the main reason why people FOMO (fear of missing out) when a coin is pumping is because of inadequate research. If you did research about a coin you would get in at the right time, instead of jumping in when the price has moved already.

[Mahanton]

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

From the word FOMO then its basically they are really on fear on missing out the opportunity and when they do saw that the price is pumping then they would basically be having the impressions
that they should be fast and should get in before they would miss the pump but most likely the case on where people do really get wrecked or make themselves get caught in the dump
which would really result into holding like forever situation and thats the start of those kind of regrets that they shouldnt have entered on that one.
This is a common scenario thats why you should really be careful.

[speedforce]

Its a normal reaction of people, greediness always trigger people to buy after coin pumping incase to take opportunity to ride the trend (bullish trend).
Even most of them know that there's possibilites that the price already reach the peak point.

[BaeSuzy]

If we really know about the project no matter how bad the fomo is, we definitely don't need to panic about that because we know what we invested in. FOMO is just to make us scared and sell it, so the Fomo spreader can buy these coins again at a low price.

[Asuspawer09]

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

We all know how difficult it is to resist this FOMO when everything lines up for this opportunity and you really think that it is the one investment that's gonna blow up and makes you a billionaire.

It's hard to resist especially if you get blinded by the dollar sign, sometimes even if you already have a lot of experience you make a big mistake of investing in a project and thinking that it is a game-changer, I'm guilty of this one and I just really wanted to invest.

I guess it is part of our greedy that is normal in our nature, most of the time it's difficult to be disciplined and checking everything before putting some money on it, Or maybe we're just use to getting in because of the hype thing in a project.

[Koutami]

If we really know about the project no matter how bad the fomo is, we definitely don't need to panic about that because we know what we invested in. FOMO is just to make us scared and sell it, so the Fomo spreader can buy these coins again at a low price.

I think you have some wrong things buddy, FOMO (Fear Of Missing Out) is a good news to make people greedy to buy while FUD (Fear Uncertainty Doubt) is a bad news to make people afraid and sell the investment.
The purpose of FOMO is to make more people come in to raise the price, the condition mostly makes people who trapped by FOMO got a peak price while the price keep dropping because early investor taking profits.
But sometimes FOMO can be good if the price keep rising because the fundamentals is already good.

[cabron]

Many new investors in crypto are buying coins these days not just BTC. FOMO is real. If they still could chase the pump to earn, FOMO can still be good.

Doge FOMO still very alive. If there is just a place where retail investors could buy like the localbitcoins or vertexmarket, there would be a lot of buyers of it.  There isn't anything like them though.

[ecnalubma]

Because they don’t want to miss the ride of opportunity. Thats why most people lose money because of fomoing, but they are essential in the market. Human are inborn greedy, once they saw an opportunity they can easily jump into but sometimes losing guards disregarding the potential huge loss.

[nurilham]

It is normal. People just realize the big potential in a crypto coin price improvement once they see the massive increase in a pump. Those people want to follow the success of the coin holders, so they also buy. They thought the increase in the coin value will continue, whereas after the pump will be a dump soon. A newcomer sometimes doesn't realize it, they just buy to try their luck.

[Golftech]

It is normal. People just realize the big potential in a crypto coin price improvement once they see the massive increase in a pump.

The hope that they will manage to gain good amount of compensation when they invest while pump still ongoing.

Those people want to follow the success of the coin holders, so they also buy.

very bad perspective, but most of the time it happened, thinking that they'll be able to have the same fate with those
who succeed to buy in the earlier stages of the project.

They thought the increase in the coin value will continue, whereas after the pump will be a dump soon.

placing them in a situation where they already trapped from the peak, while the value is on the downside.

A newcomer sometimes doesn't realize it, they just buy to try their luck.

This should be avoided, always investigate and always analyze before taking your step inside.

[martina14]

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

If there are a lot of people now implementing this thing, that is because they are prepared or willing to take risk because they know that
we are in the bull run season for the altcoins now, since Bitcoin price moved in between 50k$ to 60k$ for a couple of months, while it is down
some of the altcoins spike their price in the market for believing and hoping to hit the jackpot something like that dude.

[cryptobrzy]

The fear of missing out can do great damage the cryptocurrency portfolio of anyone's who have the practice of buying cryptos when they are already pumping. When a coin is pumping, no one really knows when it will stop the price pump and begin to reverse. More often than not, you FOMO not because you see a small price increase, but because you see a big increase in price, so it is most likely that you're buying such token at a premium price and a dip will soon follow

[GrosWesh]

That's because many people are still new in crypto. Once you fomo'ed and got crushed your lesson has to be learnt  I did too... few years ago...

Another problem in bull market is that some may believe they are golden traders, lol, because even a monkey could earn some money during such periods. Winning some money isn't so difficult, it's way more hard to keep it ...