FOMO

[Byebyebtc]

FOMO is part and attached to the trading and investment journey especially in volatile assets like Bitcoin.

This is what evey trader and investor will eventually pass through, but it is up to their level of discipline if it will become a habit or not. Meanwhile it is good to know that this is a bad habit, and I agree with you that it can amount to the downfall of these hustlers if not controlled,
So it's is very important traders and investors should overcome the temptation of FOMO,
For traders there will always be another entry,
For investors invest via DCA

[Plutomanian]

FOMO is part and attached to the trading and investment journey especially in volatile assets like Bitcoin.

This is what evey trader and investor will eventually pass through, but it is up to their level of discipline if it will become a habit or not. Meanwhile it is good to know that this is a bad habit, and I agree with you that it can amount to the downfall of these hustlers if not controlled,
So it's is very important traders and investors should overcome the temptation of FOMO,
For traders there will always be another entry,
For investors invest via DCA

There are disciplined investors and traders and there are those of them that are not disciplined enough to hold their ground, always moved by what they see in the market.  I totally concord with you, traders are not escaping this phase in the market and giving more reason why they have to be really disciplined because this is not ending on the part of profits when FOMO sets in. Not every traders or investors have the capacity to stop or get it under control, they get easily trigger following the instability of the market and this alone will cause them pressure and confusion in the market, they have no say or confidence in their strategy since they're a bit shaky in the market.

[Merit.s]

Don't invest due to FOMO if not, it will lead to wrong decision making that you will regret later because you will invest blindly with a wrong mindset. People who trade or invest due to FOMO ends up in losses because when the price of bitcoin starts to dip, they'll sell in panic since, they used the money that they cannot afford to lose because they think that they want to make quick profits.

It's better to get prepared before entering the market and buy to hodli not for quick profits so that, you don't buy at the bull run pick and sell when the price drop in losses to avoid calling bitcoin a scam.

[Plutomanian]

Don't invest due to FOMO if not, it will lead to wrong decision making that you will regret later because you will invest blindly with a wrong mindset. People who trade or invest due to FOMO ends up in losses because when the price of bitcoin starts to dip, they'll sell in panic since, they used the money that they cannot afford to lose because they think that they want to make quick profits.

It's better to get prepared before entering the market and buy to hodli not for quick profits so that, you don't buy at the bull run pick and sell when the price drop in losses to avoid calling bitcoin a scam.

You took the words right out of my mouth, we should never invest in the crypto market if FOMO sets in. Do you know the funny part? We're the only ones that knows when FOMO sets in and we should try every means possible to get acquainted with discipline and have our own oriented principles because that's the only feature that can save up in the market. We know how the market is filled with volatility and our main job to ensure we're really striving and becoming more eligible for what's coming for us in the market. Do you know as we're planning to accumulate profits in the market, the same way the market is planning for us.

Preparation matters alot and we have everything to prepare for because the market have been really one some kind of a manipulative one which can easily lure traders and investors without their notice. It entrapped investors who think they're weigh smarter than any one and also those ignorant investors paid heavily with losses.

[ZeroVinsonN]

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.

People should never be in a hurry to make money, when a person starts to fear the possibility of losing out if they don't buy immediately they get themselves in a spot where they can't control their impulses and that can lead to them making buying mistakes along the way, imagine being in a bull run and you want to buy as much as you can as fast as you can because you think the price will forever keep climbing and all of a sudden and when it suddenly falls they panic and sell at a loss.

[POPOLUV]

The fear of missing out market opportunities (FOMO) is what will keep beating in your heart from the day one you started investing because it will be a bad thing as investors to missing out any lives changing in cryptocurrency opportunity, so if as an investors or trader that has experience the missing out market opportunities, is better to use this thread as a case study to encouraging yourself as an investors to start buying and accumulating consistently with your discretionary income, so that the fear of missing out market opportunities will not lead you to overthinking.

[Plutomanian]

People should never be in a hurry to make money, when a person starts to fear the possibility of losing out if they don't buy immediately they get themselves in a spot where they can't control their impulses and that can lead to them making buying mistakes along the way, imagine being in a bull run and you want to buy as much as you can as fast as you can because you think the price will forever keep climbing and all of a sudden and when it suddenly falls they panic and sell at a loss.

That's where patience comes in, one needs to be extremely focused and also exercise a great deal of patience because it's very wanted and needed in this space, we should be able to know our solid grounds in the market. More specifically, when to sell and when to buy, then when it involves the volatility of the market, don't panic, if you're holding, be patience because the market always have what we called a retrace in the price.

When it involves the bull run, I'm not frighten about the bullish chart because I know always my strategies wouldn't failed me, chances of failing is 70% so I wouldn't say I don't record losses, it's all part of the trading process. But to panic and trigger the sell price of my altcoins, common we're not going down that road because it's really rough.