Post
Topic
Board Altcoin Discussion
Re: Why FOMO isn't as bad as people make it seem.
by
Reid
on 18/10/2020, 04:18:05 UTC
The simple rule is "buy at the bottom and sell at the top". But i don't think this applies to all coins, it only applies to solid coins like bitcoin, ethereum and the likes, because they have stood the test of time and would surely find their way back up. But most of these new coins, if you buy at the bottom, the price might still go lower and keep you trapped there. so it is better to wait and see a clear move up before you get on the train to avoid fake outs.

Been there. Way back in 2018.
Forgot the name of the token.

Bought like 200k in amounts of the token because it's cheap. Suddenly it fell down really crazy.
It became dust.  Cry
After that, I started to just stay with the trusted coin. Don't want to experience the same hell again.
Even though it's cheap, that's still money that could have been bought for another coin.