Post
Topic
Board Altcoin Discussion
Re: DID YOU EVER FALL INTO THE FOMO TRAP?
by
bakujo0817
on 09/05/2018, 13:56:21 UTC
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?

yes several times when i started on crypto investment without thinking when i see a massive pump i just panicking to buy but now i learn from my mistake before i buy a coin i usually read news first about the coin and studying the chart.