I just want to share my experience, I have a relative who come to me and ask advise on what coins to invest now, I don't name a coin and I said he must do his research but he insist that I know, he want to invest immediately.
I know he is into FOMO because he seems so aggressive and like to get instant return.
He told me that since I'm a veteran, he would like to ask some advise on what coins will pump in the coming days so he can invest on it.
I knew he is so positive, and I can feel him since I also got FOMO'd before.
What do you think should I do guys? how can I help him?
I really think that the majority of us have been in the position in which you are now and what you are doing is the correct approach, you should try to calm down the excitement of this person, it is obvious that he has a complete mistaken view of how the market of cryptocurrencies really works, it seems that he wants to become rich in a week and even if we know that has happened before there is no way to replicate that kind of success, explain to him that he is in essence playing the lottery and convince him to slow down and to try to learn by himself how to invest, and if he still doesn't listen to you then tell him that you are never going to advise him again and that from now on any losses are on him.