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 mostly is to get profit and take chance in a pumping scheme. It is common thing because people want something good to their life like profit, although most of them is late to sell and then when pump ended, they stuck with the coin and don't have any other choice to hold. For any condition of market, do analysis first is good to do, because it can help us calculate and maybe when we late to sell we can do something to gain profit when price bounced down.