Quote from: Bright_dhykseen on Today at 11:18:28 PM

Quote from: hassancisse on Today at 11:30:49 AM

FOMO implies Fear of Missing Out. This is a serious issue when it comes to crypto trading and it has at least happened to you in crypto before because we all dont want to miss out and start regretting later. The crypto market remains young and unstable hence the price of most coins largely depends on how many people believe in their potential

How can you Identify FOMO
1. The first symptoms of FOMO is when you see so many people buying the coin and you start thinking all of them cannot be wrong. You also jump inside without doing any proper analysis
2. When you start saying to yourself you should have gussed the price would go up
3. When you start saying that there must be something about this coin that other people know and you dont know.
4. It would be silly not to try. Let’s see how much money I could make.

As you can see FOMO traders prefer to pursue the crowd rarther than sitting down and doing their own personal analysis of how far the coin can go.

I agree with this. But I believe there is no trader that doesn't undergo FOMO.

We just have to be mindful of our emotions and learn to control them.

This is why i want to leave out my emotions. i am not jumping into a trade without my good analysis done. I will do my due dilligence before i enter a trade