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Definitely yes! Some of the investors are easily exhausted. They do not have enough patience to stay in cryptocurrency. They leave when bitcoin as well as the market goes down. They say that BTC is expensive but when they pulled by FOMO, they buy bitcoin even it goes up 100 percent.
Thats pure b.s , why would you buy crypto coins when the value is expensive ? But fomo is not bad as long as you do fomo when thr value of the cryptos are decreasing . Crypto business such as trading or investing is not for emotional people because the price is confusing and this makes you frustrated if you dont control your emotions .
yes, for some people who do not understand how cryptocurrency works, the price is indeed very confusing if we cannot control emotions in taking action to trade in it, but behind it all, with fluctuations in market price movements, it can provide many benefits for those who really focused on being able to understand how it works in trading on criptocurrency