Post
Topic
Board Altcoin Discussion
Re: Why FOMO when a coin is pumping
by
letyouearn
on 17/08/2021, 20:53:41 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

Hello, my friend. Stay awhile and listen...

That's behaviour is caused by human psychology, and if you fully understand how this works and how the crowds are being easily manipulated by the guys on the hill, you will definitely wake up rich one day Smiley