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?
In my personal experience, maybe some of the cases before I used to be trapped by FOMO but the problem is I don't have money, Bitcoin or Ethereum to invest on some altcoins that gained massive pump out of FOMOs.
this time, I should know that some altcoins do massive price value increase but we should be careful because in most cases, the group of Pump&Dumps are the responsible and people lost their assets out of FOMOs.