Everyone is fomoing, even the experienced traders. Because, some traders and investors could actually gain profit from it.
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.
When you see a lot of people buying, I don't think you need to make further analysis regarding what's the fuss behind the massive buy out. Again, you will FOMO.
2. When you start saying to yourself you should have gussed the price would go up
The reason why you don't need to waste your time to analyze the situation, because If you do you'll probably buy at the peak.
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.
That's it. Buy early to make good profit.
However, there's always a corresponding risk when you engage in FOMO.