FOMO = fear of missing out. An important rule you can read online is that you should never buy cryptos when the price is pumping very hard, because after all pumps the price goes down and corrects.
Sounds really rational and a smart thing to do.
However, I have to admit although I gained experience in crypto and made some decent profits, sometimes it's really difficult to resist buying a coin when it's really hyped and price goes though the roof!
Do you guys experience the same thing?
I think that sooner or later all the people who don't have any kind of financial background, including me of course, fall into FOMO. It's a new market, we always think it's gonna boom, we just buy.