FOMO

[Plutomanian]

FOMO simply means Fear of Missing Out in market. It's something that happens on a regular trading day so it's no longer news, it have made the vast majority to miss out on live changing opportunities in cryptocurrency and it's no jokes how traders and investors have come to realized themselves for the big mistakes they've taken and it also follows in misguided principles been trigger by the investor and traders. Fear of Missing Out is real and this is one of the basic features to take more considering the fact that it will tore our confidence to shreds and make us become more vulnerable in the market.

I've been in multiple or even more cases where FOMO is the topic, it trends because it's literally happening to every trader or investor in the market, there's no joy when you open a position because of the fear of missing out, probably that project was making a bullish run in the market, I tell you it's not funny because the ending part will always end in heavy losses.

Well, it's been up to 3 years since I've overcome this mole in the market, it has completely nothing to offer other than the disability of the mind, FOMO knows how the human mind works and it's just there to make you confuse and having zero clue on what to do. Since the day I started trading and even before my very existence in the market, I can't even rank up the number of investors and traders that have been tricked into selling their or opening their trading positions in the market, and I tell you for free, that part doesn't go down well for some of them, while some might be lucky but you do know, not everyday one needs to be lucky, luck will definitely run out one day.

So tell me, what do you think? Do you think FOMO contributes to the downfall of investors in the market or it's just a mere coincidence that do happen without any cause?

[Exitoral]

Fear of missing out, great killer of account than greed. Make this market no leave me ooh. Gbam. You chop stop loss. FOMO will affect both long and short term traders. Just that for the long term guys, it will take time. For any circumstances to present itself that will lead to that FOMO.

With all this that is where DCA comes in. With DCA you eliminate the FOMO spirit. With DCA, you are not bothered about the price but just accumulation. Stick with DCA to eliminate greed, FOMO and all other factors that might put your bitcoin at risk.

[PhilosopherKing]

FOMO does not impact on anything when it comes to investing, because if person waits now to begin their investment, then person will be wasting a lot of time. People used to overthink and overanalyze bitcoin for plenty years and some people go into it because of the rise in the value of bitcoin. FOMO is good in this regard because it can make someone think about the past of how people missed out and this can motivate others to start investing.

In trading, trader should have plenty knowledge to trade, otherwise, FOMO can make trader to start chasing green candle stick, which can cause trader to lose money because in trading loss happens.

[Akaenyi]

You have to consider where FOMO is coming from before you can give it any attention, most are mere speculations and hypes about certain projects. There is need not to be too quick to take drastic decisions in the crypto market because you will sooner realize that most of them are like empty drums that makes so much noise. Instead of FOMO you can DYOR which is better so you will have a better understanding of what you're going to be missing out if you don't join the bandwagon. Some analysts will just create FOMO in the hope that reactive investors will fall for their noise and act accordingly which will favor them and the projects that they are shilling.

Avoid FOMO and FUD in the market, both are tools that market manipulators use to control weak hands to sell their coins as a result of fear and to buy so that they won't miss out. If you're not buying Bitcoin you should DYOR so that you won't be scammed either to sell or buy when you're not supposed to

[DiMarxist]

The so called fear of missing out is actually practiced by those who are actually market opportunists in my own view. Because I don't see the reason why someone will wait until the market seems good in their own view before rushing in. No serious investor will be talking about missing out on the market because, they are not there to make a short gain and then leave and wait again for another bull run so that they can enter the market again. This applies to not investors and traders no trader who is serious serious about his trade and is prepared with the right mentality and sychologically states which has his trading right will bother himself with fear of missing out any day.

[JoyceBTC]

In trading, trader should have plenty knowledge to trade, otherwise, FOMO can make trader to start chasing green candle stick, which can cause trader to lose money because in trading loss happens.

In addition to this, a trader should try using a demo account to check his level of understanding before going fully to start trading that's it he's a beginner cause after gaining knowledge you need to try it out before funding and account to start trading. The fear will always come in between when they are trading it happens when the market is unstable but having knowledge helps you to understand the right time to chase the green candles and when you lose it's important to pause before trading again despite the fear you have due to the losses you have encountered.

[ColdLava40]

So tell me, what do you think? Do you think FOMO contributes to the downfall of investors in the market or it's just a mere coincidence that do happen without any cause?

Fomo plays a role, it's not the major reasons why investors fails.

Greed, doubt and lack of knowledge works hand in hand. The problem with many investors is that they don't know where to focus their energy on.

They spend time watching the wrong market and when they realize, it must have been too late..but instead of letting go, they get tensed and will be Tempted to hop on.

Hopping in is the worse mistake they make. But as we know it, in the crypto space you pay the price of not being disciplined at a very high cost. It's no coincidence, it's how things turns out when you don't put yourself together.

[Lembo69]

FOMO is usually a cause of instability, because people who are worried about the market price are victims of FOMO. FOMO or fear is what prevents people from moving forward. Because there are many people who sell their investments because of FOMO, and there are many people who do not want to invest because of FOMO. But if they could overcome their FOMO, they might be able to invest, however, the Bitcoin market is unstable from the beginning, so FOMO works naturally. So it is not normal to withdraw from investment or decide not to invest because of FOMO

[PostQuantumBTC]

FOMO simply means Fear of Missing Out in market. It's something that happens on a regular trading day so it's no longer news, it have made the vast majority to miss out on live changing opportunities in cryptocurrency

This is completely wrong, fear of missing out will not make investors miss out, it makes them invest because the price of the asset has been increasing. The problem there is that the asset could have been overbought or have very high price already in a way that the price may fall, just like some people could have bought bitcoin at $110000, thinking the price may continue to increase but it is not like that. They still have opportunity to earn from bitcoin if they do not sell. If it is an altcoin, that could be a very big mistake.

[IjawMan]

So tell me, what do you think? Do you think FOMO contributes to the downfall of investors in the market or it's just a mere coincidence that do happen without any cause?

The fear of missing out occurs in tow ways for both traders and investor.

• That fear that pours into the minds of investors and traders not to miss out from buying when the price of bitcoin or any other coin they have been monitoring begins to build up in price.

• The the other type of fomo which has to do with buying the dip as price falls a lot of investors may assume different levels as the break-even and rush in to buy in lump-sum while picturing a potential rise as the next market movement.

In the first scenario, an investor may be entering to buy at a time the market may have overbought and price begin falling just minutes after buying. In the second, it could even go dipper with the price fall after buying due to the fear of not missing on the opportunity to buy at a good cheaper price. And where the fomo is bad and risky is when a trader has to use money that was not projected for trading risk. Money he can not afford to risk he decided to go on a high leverage with it.

[TokenTikas]

So tell me, what do you think? Do you think FOMO contributes to the downfall of investors in the market or it's just a mere coincidence that do happen without any cause?

Of course, We believe that FOMO is one of the biggest reasons why many investors fail in the market. It is not just a coincidence, rather it works as a strong way to weaken traders mentally. We all know that when the market moves up and down very fast, FOMO becomes more active because that is the perfect moment for confusion to take over. FOMO can push someone into a state where they forget their original plan and start doing the opposite of what they intended. That is why it must be handled very carefully, otherwise it can easily lead to losses.

[cocadalcan]

FOMO is not the only reason. Inexperience in investing is the beginning of mistakes, secondly, the expectation of getting profit in a short time. Plan the amount of your fund to invest and take necessary measures. Use such an amount that if the in holding your portfolio or even if there is some loss, it will not affect your normal life much. Most experienced investors advise using funds that can be lost, but in reality, you will not lose the entire fund during investment. I tried to understand the attitude of experienced investors and took their opinion. The main reason for most of their losses is panic selling, which is mainly caused by FOMO. There is no way to deny the emotional and psychological responsibility in investing. To reduce losses in investment, stay engaged in long-term strategies and set stop loss strategy.

[Sunshine1525]

You could say FOMO is one of the reason why many new trader lose all fund. Eventually they learn to not fall for Fomo by falling for Fomo. If Someone fall for Fomo which was an alt token that could be fatal because many altcoin price goes down almost 99%. But Bitcoin fomo is different example if someone saw Bitcoin price keep increasing rapidly and want to buy Bitcoin because that person think it's price will keep increasing but when that person buy it price goes lower. Here is the interesting part if we look at history Bitcoin always surpass ATH so if that person hold Bitcoin tight one day it's value can be recovered. Still Bitcoin fomo can be fatal for short term traders.

I don't think there's anything like Bitcoin FOMO, it's the same thing in cryptocurrency at large whether for investors or traders which some people refer as short-term investors. FOMO is one of the major cause of lose cause sometimes people rush to buy when the market surge without understanding the market or researching the coin they're investing on.

Another thing that leads to FOMO is hype by new projects, even though it's Bitcoin, those who rush to buy it out of FOMO mostly sell of too early since the lack understanding of buying and holding Bitcoin longer.

[Curious T]

The so called fear of missing out is actually practiced by those who are actually market opportunists in my own view. Because I don't see the reason why someone will wait until the market seems good in their own view before rushing in. No serious investor will be talking about missing out on the market because, they are not there to make a short gain and then leave and wait again for another bull run so that they can enter the market again. This applies to not investors and traders no trader who is serious serious about his trade and is prepared with the right mentality and sychologically states which has his trading right will bother himself with fear of missing out any day.

You're wrong. Even the best traders can go into a trade because of fear of missing out. When you see a coin you haven't bough pumping, as a trader, there is every chance that you would be tempted to go into that trade. It even happens in Bitcoin, to even people who are not traders. Some times, they may see the price of Bitcoin climbing and because it keeps going higher daily, they would decide to get in on the action just because they don't want to miss out. FOMO is not something that happens to market opportunist. There is a way to avoid it, but it doesn't mean the feeling to join in on the trade would not come. It may be to either go or get out of the trade. Being experienced doesn't stop you from having FOMO, you just have to be discipline enough to not act on your emotions and present events.

[Cryptomultiplier]

The so called fear of missing out is actually practiced by those who are actually market opportunists in my own view. Because I don't see the reason why someone will wait until the market seems good in their own view before rushing in. No serious investor will be talking about missing out on the market because, they are not there to make a short gain and then leave and wait again for another bull run so that they can enter the market again. This applies to not investors and traders no trader who is serious serious about his trade and is prepared with the right mentality and sychologically states which has his trading right will bother himself with fear of missing out any day.

You're wrong. Even the best traders can go into a trade because of fear of missing out. When you see a coin you haven't bough pumping, as a trader, there is every chance that you would be tempted to go into that trade. It even happens in Bitcoin, to even people who are not traders. Some times, they may see the price of Bitcoin climbing and because it keeps going higher daily, they would decide to get in on the action just because they don't want to miss out. FOMO is not something that happens to market opportunist. There is a way to avoid it, but it doesn't mean the feeling to join in on the trade would not come. It may be to either go or get out of the trade. Being experienced doesn't stop you from having FOMO, you just have to be discipline enough to not act on your emotions and present events.

Discipline of risk management practices will help an investor avoid the downfall caused by FOMO, because FOMO or FUD are more psychological and the weaker mind will easily bow to it whether they are newbies or even merchant or professional traders/investors.

It's good advice to really understand the market and yourself emotionally as it borders around one's fear and greed index. It is good to know the basic knowledge of calculating your position sizing before opening any position in the market, to know how to apply stop loss as an exit point and to avoid buying into the fear or others and the movement of trend.

[Plutomanian]

So tell me, what do you think? Do you think FOMO contributes to the downfall of investors in the market or it's just a mere coincidence that do happen without any cause?

Of course, We believe that FOMO is one of the biggest reasons why many investors fail in the market. It is not just a coincidence, rather it works as a strong way to weaken traders mentally. We all know that when the market moves up and down very fast, FOMO becomes more active because that is the perfect moment for confusion to take over. FOMO can push someone into a state where they forget their original plan and start doing the opposite of what they intended. That is why it must be handled very carefully, otherwise it can easily lead to losses.

You're absolutely right mate, FOMO have ruined so many ambitious traders because they get too tense about the market especially during the upward and downward movement, this creates entirely huge panic and then FOMO sets in swiftly, this is what I'm talking about. Do you know it hurts to see your port folio been liquidated because of your mistakes? There's nothing more challenging than overcoming FOMO in the market but one can know his basis, right and left direction in the market and know when and how to avoid trends that wouldn't even last for long.

Investors are subdued to FOMO, simply for those investors and traders that skipped the basis of the market and rush into the market simply because they want to make profits for themselves other than generating profits, they're open and vulnerable to anything the markets throws at them, trust me that's not the shoes to be in because it will dismantled one.

Why investors and traders set original planning before executing open trades in the market? Because they're seeing themselves to have direction and there's no way that's going to be funny if one end up with huge loss.

[Rgram]

FOMO is usually a cause of instability, because people who are worried about the market price are victims of FOMO. FOMO or fear is what prevents people from moving forward.

When you Dey into Bitcoin and you be the type way Dey always Dey concerned about looking at the charts or watin Bitcoin Dey do, you go find out say, FOMO go always be your problem from time to time. Bitcoin na highly volatile currency already and e go always Dey pump and dump on the price and you way don decide say, you wan Dey see every move, na so you go Dey get several switch in your emotions way fit make you either take profit too early or try to cut loss rather than hold. Na normal thing but, na for people way their mind no strong.

[Plutomanian]

FOMO is usually a cause of instability, because people who are worried about the market price are victims of FOMO. FOMO or fear is what prevents people from moving forward.

When you Dey into Bitcoin and you be the type way Dey always Dey concerned about looking at the charts or watin Bitcoin Dey do, you go find out say, FOMO go always be your problem from time to time. Bitcoin na highly volatile currency already and e go always Dey pump and dump on the price and you way don decide say, you wan Dey see every move, na so you go Dey get several switch in your emotions way fit make you either take profit too early or try to cut loss rather than hold. Na normal thing but, na for people way their mind no strong.

FOMO na bad thing oh, I no go ever wish that thing for any trader because e go make you mentally unstable and you go de under pressure every single time when you wan open trading positions or spot one mad project wey you wan invest inside because of FOMO, you no go take your time to wait for proper entry, you go just rush and when the project finally launch, na back to back heavy losses which go make you para weytin no good. Anyhow sha, trading na for people wey their mind strong oh because they know weytin them de sign up for and ready for the good and bad days.

[Dzwaafu11]

Fear of missing out, great killer of account than greed. Make this market no leave me ooh. Gbam. You chop stop loss. FOMO will affect both long and short term traders. Just that for the long term guys, it will take time. For any circumstances to present itself that will lead to that FOMO.

With all this that is where DCA comes in. With DCA you eliminate the FOMO spirit. With DCA, you are not bothered about the price but just accumulation. Stick with DCA to eliminate greed, FOMO and all other factors that might put your bitcoin at risk.

FOMO is actually not a good thing as an investor, and this is what kill many of us that we are even scared to put money into the crypto market again. But I don’t really see this as a big deal, it’s just knowledge many people lack and that’s they are experiencing this like this I know anybody wey get knowledge and know wetin him de do. No go get this kind problem, but person go out money don they rest to lose, if na that mind you get you for no put nah.

[Fivestar4everMVP]

So tell me, what do you think? Do you think FOMO contributes to the downfall of investors in the market or it's just a mere coincidence that do happen without any cause?

Well, fomo is not a serious issue or much of a problem if only we will learn to make use of it in the right way, I have personally fomoed into alot of crypto assets while their price was going up, and for most of this crypto assets, I ended up making really nice profit, it's just like the common saying "better late than never", there are some crypto assets that it's better for you to invest in them late than for you to completely miss out on them, this is a true example of what fomo represents - the fear of missing out.

But however, what fomo means and potentially leads to in investment is not the same as what it potentially means and leads to in trading. In trading, a trader who is fomoing into the assets they are trading is like a gambler who is chasing after his own loses, the chance of ending up a loser is higher while you will need to be lucky to come out in profit.