Post
Topic
Board Altcoin Discussion
Re: Why FOMO when a coin is pumping
by
sapnu
on 17/08/2021, 16:26:05 UTC
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
Those person who are FOMOs tend to let their emotions take over their decision making which leads them to regrets and mistakes. It is indeed exciting to watch and wait till another bull run arises but still you should take consideration of the factors that may affect or may stop the incoming bull run. As the become afraid that they are being left behind, they usually end up getting left behind for real as they lose lots of money as they buy at a very high price. Each bull run shows signs that it is getting near but those occurence can be deceiving and may guide you to failure instead of success.