I always wonder why a lot of people fomo to buy a coin or token after the price has pumped. In this present bull run I've seen a lot of people FOMO and buy cryptos at a really high price and they quickly dump when they witness drawdowns.
Isn't that just hustling backwards?? Its almost like they are trying to loose money on purpose.
So i wonder why they FOMO to buy in the first place
I think a lot of people fomo because they are afraid of being left behind the hype of a coin that rises very high.In addition, social media is also very influential FOMO, because seeing the price of coins are high and people discussing about coins that rise high increases buying interest that does not think the coins to be purchased are already too high and expensive.Finally these fomo only get losses from what they buy.Buying when the price of the coin is high then panicking when you see the price go down and then selling the asset is very sad should invest / trade in crypto we get a profit, buy when the price is cheap then sell when the price is expensive.You should not fomo when buying a coin.learn the graph and fundamentals of a coin you want to buy.