FOMO

[Dareo]

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, if you have a specific and backtested trading system that tells you very clearly when to enter and when to exit the market, then even if the price of a coin increases at a rocket speed, you will not have any FOMO. The problem is not FOMO itself, the problem is when we do not have our own rules and we just follow it blindly by seeing the green candle on the chart.  So there is no point in blaming FOMO or the market, it is most important to work on your own emotions and risk management. The crypto market will show you stories of someone becoming a millionaire every day, but whether you fall into that trap and empty your pockets or remain disciplined depends entirely on your own system.

[Jaycoinz]

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, if you have a specific and backtested trading system that tells you very clearly when to enter and when to exit the market, then even if the price of a coin increases at a rocket speed, you will not have any FOMO. The problem is not FOMO itself, the problem is when we do not have our own rules and we just follow it blindly by seeing the green candle on the chart.  So there is no point in blaming FOMO or the market, it is most important to work on your own emotions and risk management. The crypto market will show you stories of someone becoming a millionaire every day, but whether you fall into that trap and empty your pockets or remain disciplined depends entirely on your own system.

The more you dey train yourself the better for you because e no easy at all, so many persons no actual get the sense say the crypto market na volatility na full am and all this dips and dumps wey dey happen for the market na something wey supposed to say happen and their is actually no need for an alarm or cause to panic so why the big wait and rush to sell off when the market don dey dip.

[Plutomanian]

The more you dey train yourself the better for you because e no easy at all, so many persons no actual get the sense say the crypto market na volatility na full am and all this dips and dumps wey dey happen for the market na something wey supposed to say happen and their is actually no need for an alarm or cause to panic so why the big wait and rush to sell off when the market don dey dip.

Consistency really matter for this market, make just continue to dey turn up because one one day, a moving man go meet him luck and who knows, that day fit be today. The market no be for small newbies when they come up oh, but for professional wey know exactly their work. Omo I no even know weytin I wan talk oh because the market sef tough. E no really easy for trader to come out on top because when person go face the FOMO, how e wan carry get am clear for this market, na weytin de bother me be that.

In the market, we don't rush to the market, we wait patiently for the market to come to us in other to prevent uncertainty and mistakes, this is what it will take for us to stand on a solid ground in the market. Who knows, it's never going to be a elite mission trading in the market rather it could come with more tasks which one can find different and challenging.

[Johnlomape]

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.

Ther is no way the fear of missing out can be as worse as greed. There are people that greed has eaten them up and it will be very hard for them to think straight again. If you are afraid to invest in the market, you can still be convinced to put your money in Bitcoin because you saw that news that ghe price of Bitcoin can increase soon due to the optimism of traders and investors waiting for a big news that will make more players to trun in to the market and buy. This kind of news or update can make anyone to invest in Bitcoin and make money but greed does not have a positive side at all.

[Agathamay]

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.

Ther is no way the fear of missing out can be as worse as greed. There are people that greed has eaten them up and it will be very hard for them to think straight again. If you are afraid to invest in the market, you can still be convinced to put your money in Bitcoin because you saw that news that ghe price of Bitcoin can increase soon due to the optimism of traders and investors waiting for a big news that will make more players to trun in to the market and buy. This kind of news or update can make anyone to invest in Bitcoin and make money but greed does not have a positive side at all.

Don't you think, anything that has a negative side also has a positive side? I no Dey support greed but greed sometime fit make you stay longer for the market but if your head no strong, you fit panic sell as a result of greed when you don already touch a certain profitable price but maybe because of greed, you come decide to hold longer and maybe, all of a sudden the market come begin go against you and ebb below the price wey you been don first see and that kind thing fit make investors, especially the greedy and new investors panic sell.

FOMO no be better thing at all, that na why, DCA true true na one strategy wey fit deliver use from FOMO and also panic selling.

[Mpamaegbu]

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?

You sabi dat thing wey dem dey talk about d downfall of a man not being d end of his life, ba? But dem forget to add sey e go depend on where d man fall put. Man wey fall on top foam from a three storey building and d wan wey fall on top chuku chuku or dangerous metals nor go be d same na. Na d same way dis FOMO thing take be. E get projects wey persin go FOMO into and e com dump to a point of no return. Of course d persin go lose big time. E fit even collapse persin financially. The reverse still fit d case.

[Rubuchi]

The more you dey train yourself the better for you because e no easy at all, so many persons no actual get the sense say the crypto market na volatility na full am and all this dips and dumps wey dey happen for the market na something wey supposed to say happen and their is actually no need for an alarm or cause to panic so why the big wait and rush to sell off when the market don dey dip.

FOMO na one thing wey many people they run away form accepting but FOMO na one serious something wey they affect many of us today and how we profit from these platforms we trade in especially. When you don't understand what FOMO is and the effects it has on your gambling habit, it will affect you more than ever. FOMO is already the fear of missing out where you take the next available decisions in the name of being scared of losing an opportunity but due to how unthoughtful you were about it, you ended taking such decisions negatively instead of it to benefit your trade profits.

[Plutomanian]

You sabi dat thing wey dem dey talk about d downfall of a man not being d end of his life, ba? But dem forget to add sey e go depend on where d man fall put. Man wey fall on top foam from a three storey building and d wan wey fall on top chuku chuku or dangerous metals nor go be d same na. Na d same way dis FOMO thing take be. E get projects wey persin go FOMO into and e com dump to a point of no return. Of course d persin go lose big time. E fit even collapse persin financially. The reverse still fit d case.

It takes only a smart trader to have quite significant amount and also have good ratio to win big in the market. He just have to follow principles and be disciplined enough to know what's coming in for him although the path is rough but he gotta do what needs to be and that's simply sticking to his plan in other to accumulate huge profits and also bag losses on his way.

Within we go do for this space? We just have to put ourselves together and ensure we de better lane, make we de get am clear small small, that's too much to ask for? I know exactly weytin you de try talk. Omo e no really easy for traders because them de face alot and most of them no go fit survive am. FOMO na one big thing wey go ever happen and we no get power over am because we no go fit stop am. But we go fit reduce am, na just small small we go de do our thing.

[Salahmu]

Don't you think, anything that has a negative side also has a positive side? I no Dey support greed but greed sometime fit make you stay longer for the market but if your head no strong, you fit panic sell as a result of greed when you don already touch a certain profitable price but maybe because of greed, you come decide to hold longer and maybe, all of a sudden the market come begin go against you and ebb below the price wey you been don first see and that kind thing fit make investors, especially the greedy and new investors panic sell.

FOMO no be better thing at all, that na why, DCA true true na one strategy wey fit deliver use from FOMO and also panic selling.

Greed doesn't encourage longer holding of Bitcoin so actually if you are seeing someone that's saying they want a high profit that's they can't sell there investment doesn't mean it was greed that is given them the motivation to do that because what is behind the decision is the holding mentality of the person, though it could look like the person has a high taste of money or aiming too high but actually that is something everybody who is holding usually hope to see in the future. FOMO is indeed an obstruction of investment because anybody that has it would always be having it hard to concentrate there mind on investment.

[Bigjoe33]

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.

Yes, I think FOMO works more with traders and those who are just seeking short time gains not for long term investors. I believe an investor who comes into Bitcoin to gradually build his portfolio and stay long in the market, let's say 3 circles(12yrs) and above wouldn't be waiting for a green light from the market before buying. These long term investors prefer to go with the DCA and consistently buy Bitcoin regardless of the present price, and as time goes on, they keep stacking and growing, and of course, that's the best. This makes you grow and when the market is green, you also have enough privilege to make much gain. It's bets we just keep accumulating gradually and not wait for a good time before we buy, unless you are just a trader looking for an opponent to grab some little gains from the market

[Crypto_Timothy]

I like to think there is reason why FOMO is specifically listed as one of the downfall of most investors, it is a problem that lost people usually deny existing until it happens to them. FOMO is close to greed in a way because what do you mean out of fear, you're not content enough so because you don't want to be left out, you the act. That rush I know has left to alot of downfalls because lots of time peer pressure is sprinkled somewhere because why else won't you be content with what you have.

[Mpamaegbu]

I know exactly weytin you de try talk. Omo e no really easy for traders because them de face alot and most of them no go fit survive am. FOMO na one big thing wey go ever happen and we no get power over am because we no go fit stop am. But we go fit reduce am, na just small small we go de do our thing.

The greatest challenge wey any trader dey face na Risk Management and Trading Psychology, especially Futures traders. This thing wey I mention like dat nor easy to observe and obey bc a lot of discipline dey follow am, nor be small. Persin fit get killer strategy but if dem nor get betta control of dem psychology, na big fvckup e bi. Na dat Psychology go make persin fit hold demselves well to prevent FOMO. E nor dey easy as we dey talk here. Trading psychology go make u doubt urself. No capping. I wish I sabi dis thing far back.

[Dr.Bitcoin_Strange]

I would say FOMO in the crypto industry is like a falling knife, if you try to catch it, you would either get cut and sustain injury (capital liquidation) or you will have a narrow escape (lose of small funds or just luckily making profit). I did it a lot in trading and I lost money because I approached the market when it has already moved and thinking that it will continue moving, I had to enter without knowing that that's where the trend just ended. FOMO is not good, always be discipline to stick to rules because if you miss an opportunity in the market, you will have another one, especially for traders, if you miss 1 entry, there are still many more entries you can find.

[EarnOnVictor]

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 is a two-edged sword; it can work for you and it can work against you.

If you catch the rush at the 1. Early stage (good price) and 2. With the right asset like Bitcoin, I believe you are on the right track. But imagine those who caught it at the peak, when the market is about to start falling, for instance, when Bitcoin was around $125,000 last year. Or the person who bought a wrong altcoin. Those are like writing letters to catastrophes.

[liasbaa]

I would say FOMO in the crypto industry is like a falling knife, if you try to catch it, you would either get cut and sustain injury (capital liquidation) or you will have a narrow escape (lose of small funds or just luckily making profit). I did it a lot in trading and I lost money because I approached the market when it has already moved and thinking that it will continue moving, I had to enter without knowing that that's where the trend just ended. FOMO is not good, always be discipline to stick to rules because if you miss an opportunity in the market, you will have another one, especially for traders, if you miss 1 entry, there are still many more entries you can find.

I agree with you. This falling sharp knife will make a trader bleed. I was wounded by this sharp knife in the early days of trading and lost a large amount of funds. I will never forget that bitter experience. If you can start your journey with the ability to lose in trading the way will be wide for you. Only short term trading can be enough to slow you down or keep you trapped in FOMO. Sometimes it may be necessary to change your course towards long term investments because price drops are a natural part of the market process. You should always keep a backup fund flow no matter what price reaction occurs in the market because the market may not always be in your favour.

[Plutomanian]

I agree with you. This falling sharp knife will make a trader bleed. I was wounded by this sharp knife in the early days of trading and lost a large amount of funds. I will never forget that bitter experience. If you can start your journey with the ability to lose in trading the way will be wide for you. Only short term trading can be enough to slow you down or keep you trapped in FOMO. Sometimes it may be necessary to change your course towards long term investments because price drops are a natural part of the market process. You should always keep a backup fund flow no matter what price reaction occurs in the market because the market may not always be in your favour.

We all have our experiences which some are good while some we rather not talk about it because it's worsed. What can we do? We can not change the past but we can work on our current present and also the future because there's always hope in the market. You're also right about the market not always working in your favour because there are a lot of directions the market goes and that alone costs us real massive losses.

Bleeding because of the market is general and not only one person is affected, everyone keep learning until they've understood the scenario when it comes to the market. A backup plan always appears in the picture and it's very necessary we hold our stands because the market is a friend of nobody.

[Cgrexp]

I would say FOMO in the crypto industry is like a falling knife, if you try to catch it, you would either get cut and sustain injury (capital liquidation) or you will have a narrow escape (lose of small funds or just luckily making profit). I did it a lot in trading and I lost money because I approached the market when it has already moved and thinking that it will continue moving, I had to enter without knowing that that's where the trend just ended. FOMO is not good, always be discipline to stick to rules because if you miss an opportunity in the market, you will have another one, especially for traders, if you miss 1 entry, there are still many more entries you can find.

I agree with you. This falling sharp knife will make a trader bleed. I was wounded by this sharp knife in the early days of trading and lost a large amount of funds. I will never forget that bitter experience. If you can start your journey with the ability to lose in trading the way will be wide for you. Only short term trading can be enough to slow you down or keep you trapped in FOMO. Sometimes it may be necessary to change your course towards long term investments because price drops are a natural part of the market process. You should always keep a backup fund flow no matter what price reaction occurs in the market because the market may not always be in your favour.

Those who try to catch the decline and buy it thinking it is cheap when the price falls, but if the price drops further after buying, they face big losses. Therefore, making a buying decision just because the price is falling can be risky. In trading, one has to accept the possibility of this loss along with the expectation of profit because there is a high possibility of making emotional decisions only in the expectation of profit. If one does not take risks in advance, one cannot work in a disciplined manner. I think trading is not suitable for everyone. Because those who are low-income or middle-class do not want to lose their money and if such people suffer financial losses, it has a negative impact on their livelihood. Therefore, long-term investment is more realistic for them. Because they will get the opportunity to regularly invest small amounts of money which will turn into large amounts in the long run. Therefore, for the survival of trading, it is important to control risk and maintain financial security rather than looking for opportunities for profit.

[Uhwuchukwu53]

Those who have not fallen victim of FOMO will think it's ordinary, it's a serious issue in this market, one must be guided I realized what FOMO does to me in the past as newbie jumping to buy some coins outside Bitcoin during bullish market and ended up losing all the coins worth as it's totally pump and dump tokens, FOMO has some negative implications that affects investor that lack understanding of the market, it's essential that one remove such and never allow pressure of FOMO when carrying out investment but deployed this gradual means of buying at one satisfied paste than being in a hurry.
Emotions have not solve a positive problem in the market one wrong decision will damage labours or patient that's kept over the years one must be smart and tactical while taken certain decision as FOMO should be involved in such decision because it will always yeild negative rather than positive.

[Donneski]

Those who have not fallen victim of FOMO will think it's ordinary, it's a serious issue in this market, one must be guided I realized what FOMO does to be in the past as newbie jumping to buy some coins outside Bitcoin during bullish market and ended up losing all the coins worth as it's totally pump and dump tokens, FOMO has some negative implications that affects investor that lack understanding of the market, it's essential that one remove such and never allow pressure of FOMO when carrying out investment but deployed this gradual means of buying at one satisfied paste than being in a hurry.
Emotions have not solve a positive problem in the market one wrong decision will damage labours or patient that's kept over the years one must be smart and tactical while taken certain decision as FOMO should be involved in such decision because it will always yeild negative rather than positive.

Yes I know that FOMO is dangerous but I don't think it's the root problem. The main problem is when you fail to have a good understanding of what you're investing in. When you do a proper research of what you're investing and set out a plan to work with, the hypes and happenings in the market will have less influence on your decisions. The only time FOMO becomes powerful is when you are afraid of missing profits you don't fully understand in the first place. That's why it's good to work with a strategy that you you understand very well and can stick to regardless of the noise, uncertainty and fear in the market at all times. Mine is DCA, I've never had any reason to go through FOMO since I adopted DCA

[samadam007]

I think it contributes to the downfall of investors in the market. FOMO is that emotional rush that makes you jump in without thinking straight, especially when you see prices pumping and everyone is talking about it. You buy at the wrong time and experience losses when things turn. Not just random bad luck… it's straight up human psychology messing with us.
Staying calm and sticking to a plan seems like the only real way to handle it