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
They are scared of missing out on the pumps that is happening and they want to get some profits too, normally people are not fond of buying the dips, about 70% of the investors normally come in when they see the coins pumping hard, they don't wanna buy the dips cause they feel the coin might keep falling down rather they prefer to buy during pumps because they believe it will continue going up, its natural people just prefer to fomo rather than buy at low prices.