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
That's the nature of newbies. Many of them got caught off guard with this FOMO. We have to control our emotions and invest on where the best to be. Doing our research is a must and not entering wrecklessly that could lead to a loss. Another thing is social media influencer who try to spread hype in a coin specially now that most people rely on social media for information.